Molybdenum

Erdene Provides Project Updates and Reports Year End Financial Results

Molybdenum Investing

Erdene Resource Development Corp. (TSE:ERD) announced 2010 financial results as well as updates on its main projects.

Erdene Resource Development Corp. (TSX:ERD) announced 2010 financial results as well as updates on its main projects.

The press release is quoted as saying:

The Zuun Mod deposit currently contains a NI 43-101 compliant resource of 215 million pounds of molybdenum in the Measured and Indicated category, grading 0.054% Mo, and a further 208Mlbs in the Inferred category grading 0.051% Mo, making it one of the largest undeveloped molybdenum-copper deposits in the Asia region.

To read the full press release, click here.

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