Drilling at Erdene Resource Development Corp’s Bayan Khundii Gold Project in southwest Mongolia has further defined and expanded the high grade gold zone. The results, which include 80 metres @ 6.03 g/t gold and 56 metres @ 6.13 g/t, are the first received from the company’s 2017 drilling program.

The campaign has confirmed that the Midfield Zone at Bayan Khundii continues down dip to the south, potentially connecting with the Striker Zone. It has also established the presence of wider, higher-grade quartz adularia ‘feeder’ veins at Midfield and confirmed greater depth potential south of the zone.

Erdene says the initial drilling improves its confidence in continuity of the high-grade zones within Midfield.

The 80-metre intersection was part of a wider one of 131.5 metres from 39 metres @ 3.86 g/t, which also included 1 metre from 86 metres @ 11.1 g/t, 8 metres from 111 metres @ 51 g/t and 2 metres from 112 metres @ 192 g/t.

The 56-metre intersection was part of a wider one of 158.4 metres from 53 metres @ 3.55 g/t, which also included 4 metres from 87 metres @ 69 g/t and 1 metre from 111 metres @ 12.9 g/t.

Other highlights include: 146.4 metres from 54 metres @ 0.84 g/t, including 10.1 metres from 134 metres @ 4.84 g/t, 5.1 metres from 139 metres @ 8.7 g/t, 2.1 metres from 142 metres @ 19.1 g/t and 3 metres from 182 metres @ 4.28 g/t; and 139.2 metres from 44 metres @ 0.74 g/t, including 32 metres from 131 metres @ 2.06 g/t, and 1 metre from 145 metres @ 16.2 g/t.

Since the beginning of the 2017 program, drilling at Bayan Khundii has been focused in the area between, as well as west of, the Midfield and Striker zones, with 11 drill holes completed and three additional hole extensions.

A second drill rig is now operating and testing the high-grade intersection in the Discovery Zone at the çompany’s neighbouring Altan Nar Gold-Polymetallic Project, which is 16km northwest of Bayan Khundii.

Meantime, the company has made several changes to its management team in Mongolia, including the hiring of Jon Lyons as vice president Regulatory Affairs and Strategy, and the appointment of Bayarmaa Bagabandi as chief administrative officer for Erdene Mongol LLC, the company’s main Mongolian subsidiary.

www.erdene.com

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