Step-out drilling north of the Midfield Zone at Erdene Resource Development Corp’s Bayan Khundii Gold Project in southwest Mongolia has extended gold mineralisation a further 280 metres towards the Northeast Zone. The Bayan Khundii strike now exceeds 1.3km and is up to 450 metres wide.

The step-out drilling forms part of the company’s 2017 drill program and has effectively doubled the length of the known mineralised trend under cover.

The best results are: 84 metres @ 1.1 g/t gold, 130 metres northeast of Midfield; 18 metres @ 3.0 g/t within 60 metres of 1.5 g/t, 200 metres northeast of Midfield; and 32 metres @ 1.6 g/t, 280 metres northeast of Midfield.

Drilling has also confirmed continuity of mineralisation at Midfield Zone and returned 17 metres @ 8.2 g/t within 131 metres @ 1.8 g/t.

The program also confirmed strong mineralisation between Striker and Midfield Zones and returned 24 metres @ 6.5 g/t, within 150 metres @ 1.5 g/t.

Erdene expects to receive further drilling results throughout the current quarter.

“Drilling under cover, north and northeast of the Midfield Zone has successfully extended gold mineralisation in a series of holes trending towards the Northeast Zone while follow-up drilling between Striker and Midfield continues to demonstrate down-dip continuity of Midfield mineralisation,” said Erdene’s president and CEO Peter Akerley.

“The 2017 drill program has now established continuity of significant gold mineralisation over a 1.3km-long trend that is locally up to 450 metres wide and remains open. We are roughly half way through our initial 2017 drill program.”

The Q2-Q3 2017 exploration program at Bayan Khundii, which commenced in mid-April and will include a projected 20,000 metres of diamond drilling, was designed to expand areas of gold mineralisation surrounding the Gold Hill, Striker and Midfield zones and to identify new zones elsewhere within the larger 2km by 1.8km project area.

Thus far in 2017, Erdene has released results for 11,053 metres of drilling. Once the program is complete, the new or expanded zones will receive more detailed drilling, anticipated to take place in Q4 2017, to increase confidence in advance of an eventual resource estimate.

www.erdene.com

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