Erdene Drilling Confirms Significant Epithermal Mineralization Near Surface in Southwest Mongolia

- October 12th, 2011

Erdene Resource Development Corp. (TSX:ERD) announced drilling results from the Mongolia-based Altan Nar gold-silver property.

Erdene Resource Development Corp. (TSX:ERD) announced drilling results from the Mongolia-based Altan Nar gold-silver property.

As quoted in the press release:

Highlights

  • Target area measuring 3 kilometres x 2 kilometres contains multiple prospects defined by geochemistry and geophysics with several gold-bearing epithermal-style quartz vein/breccia zones;
  • Initial hole intersects 55 metres of 1.02g/t gold and 12g/t silver, including 23 metres of 2.07 g/t gold and 23 g/t silver.
Erdene’s President and CEO, Peter Akerley said:
“Altan Nar is proving to be an exceptional new discovery based on the size of the system and the extensive precious and base metal mineralization now confirmed through drilling.”

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