... by Erdene in 2017 supported the presence of multiple, near-surface, very high-grade zones outside of the main Midfield and Striker zones at the Bayan Khundii project.
Best results received in early December ...
The latest drilling results from Erdene Resource Development Corp’s Bayan Khundii Gold Project in southwest Mongolia demonstrate the growth potential of the project. Holes to the west of Striker deposit ...
... 2016 tested two representative, master composite samples from Erdene’s initial 2015 drill program at Bayan Khundii.
The 2016 test work included 15 widely spaced drill holes in the Gold Hill and Striker ...
... area, as well as continued definition of recently discovered targets north of Midfield Zone and west of Striker-Midfield zones with closer-spaced drilling.
Three drill rigs are operational, including ...
... require definition drilling, particularly west and east of Striker, the Northeast Zone, and importantly north and west of Midfield.
The company’s president and CEO Peter Akerley says, “It is very encouraging ...
... 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 ...
... in drill core at this hole.
These two holes support the extension of the high-grade corridor that runs north-northeast from Gold Hill through Striker and now beyond Midfield, and trending towards the ...
... of known mineralisation at the three projects.
At Bayan Khundii, drilling up to 250 metres west of the Striker Zone has returned multiple gold mineralized intersections, including 58 metres from 135 ...
... 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 ...
... will focus on delineation and expansion of the gold mineralised zones within the known Bayan Khundii target areas - Gold Hill, Striker, and the recently announced discovery at Midfield.
On January 10, ...
... highest grades and the longest mineralised intervals intersected to date.
The Midfield zone is 200 metres north of the original discovery area that includes the Striker and Gold Hill zones where gold ...
... Akerley.
“We look forward with excitement to the additional drilling and results expected in the coming weeks and months as we explore below the high-grade zone at Striker, step out into the basin north ...
... under shallow cover, 170 metres north of the Striker Zone.
In the new zone the drilling has returned consistent gold mineralisation beginning at 20 metres and averaging 123 metres @ 1.3 g/t gold. This ...
... This intersection at the Striker Zone included 71 metres @ 3.1 g/t and within this was 24 metres @ 7.5 g/t.
The results are from the first seven holes of the originally planned 5000 metre drill program ...
... 3 metres @ 3.22 g/t.
Five of the six holes testing the western extension of the Striker Zone ended in gold mineralisation. Trenching has also uncovered a new zone north of the Striker Zone with one returning ...
Striker’s success at the recent Hillhead 2016 quarrying, construction and recycling exhibition in the UK demonstrates what can be achieved by an Australian manufacturer and supplier of crushing and screening ...
... high-grade Striker Zone, identified broad zones of gold mineralisation at depth, and under post mineralisation cover, and identified high priority targets through reconnaissance drilling and trenching.
...
... continuity of the Striker Zone to date with a 66 metre section @ 1.0 g/t gold, including 26 metres @ 2.0 g/t.
Intense alteration and gold mineralization was identified under younger cover 140 metres ...
... intersections of gold mineralization often coming to surface and that appear to extend below the current depth of drilling.
“These initial drill results provide continuity of mineralization in the Striker ...