Erdene Resource Development Corp. (TSX:ERD) reported final drilling results for its exploration program for the second quarter of 2014. Highlights included the intersection of high grade gold and base metal zones including 5 metres of 17.7 g/t gold, 69 g/t silver, 2.1% lead and 2.5% zinc within 19 metres of 5.8 g/t gold.
As quoted in the press release:
Final assays for seven drill holes and four drill-hole-extensions (totaling 834 m) were recently received and demonstrate the continuity of the high-grade gold mineralization at Altan Nar. The second quarter exploration program was the most successful to date with the discovery of a high-grade zone at DZ North and establishing continuity of the mineralized system at Union North. Other prospects tested included Union South and Maggie, where initial holes confirmed continuity of mineralization.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|