Erdene Resource Development Corp has appointed David Mosher as a strategic advisor to the company. In this role he will assist Erdene with its rapidly evolving gold projects in southwest Mongolia.
David Mosher is a mining executive with more than 35 years of international experience. From 1992 to 2008, he was president and CEO of High River Gold Mines, a company involved in the exploration, development and production of gold in Canada, Africa and Russia.
He has served on many boards including Cambior Inc and earlier in his career was project manager for Pancontinental Mining Ltd, where he and his team discovered and outlined the largest uranium deposit in the world at that time (the Jabiluka deposits in northern Australia).
Over the past decade, he has been active in the restructuring and refinancing of a number of junior resource companies, both private and public, and currently serves as a director of several mining and exploration companies.
“We are very pleased to have David Mosher join the Erdene team,” said Erdene’s president and CEO Peter Akerley. “With the recent high-grade gold discovery at Bayan Khundii and the nearby Altan Nar gold deposits, we believe we have the necessary projects to move Erdene towards our goal of becoming a gold producer in the near-term.
“With David’s 35 years of executive level experience in mine building, project management in foreign jurisdictions and company building, he is extremely well qualified to help guide the Company both technically and professionally as we advance our core projects.”
Meantime, Erdene’s December quarter drill program at the Bayan Khundii gold discovery returned multiple, high-grade intersections over a 475 metre area: 7 metres @ 27.5 grams/tonne (g/t) gold, including 1 metre @ 187 g/t; 35 metres @ 5.7 g/t from surface, including 12 metres @ 16.0 g/t; and 26 metres @ 6 g/t, including 15 metres @ 9.9 g/t.
Visible gold was observed in 10 of the 15 drill holes, with no significant sulphide material present. All mineralized zones were intersected within 50 metres of surface and remain open along strike and at depth.
Additional exploration of this high-grade gold discovery is in the planning stage and is expected to include a second phase of diamond drilling and metallurgical testing during the first half of 2016.
At the more advanced Altan Nar Gold-Polymetallic Project Erdene expects to undertake additional metallurgical process test work; evaluate the mining, engineering, transportation, and marketing options; carry out further exploration and development related programs; and complete work required for a mining licence application.