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Erdene shares up on new discovery in Mongolia The New Khundii Gold project. Image from Erdene. Erdene Resource Development (TSX:ERD) announced on Wednesday a new gold discovery 3.5 km north of its Bayan Khundii project in Mongolia. According to the company, drilling highlights include hole AAD-58 that returned 45 metres of 5.97 g/t gold beginning at 10 metres down-hole, including 1 metre of 82.5 g/t gold within 8 metres of 27.1 g/t gold. Sign Up for the Precious Metals Digest Sign Up The Bayan Khundii gold resource includes 521,000 ounces of 3.16 g/t gold measured and indicated and 103,000 ...

Erdene Resource Development Corp. is pleased to announce the acquisition of a 100% interest in the Ulaan exploration license, adjacent to its Bayan Khundii Gold deposit, with the purchase of the remaining 49% interest in Leader Exploration LLC, a private Mongolian company. Quotes f rom the Company: “Erdene is the leading explorer of epithermal and porphyry mineral deposits in the under-explored western Mongolian … Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (” Erdene ” or the “Company”) is pleased to announce the acquisition of a 100% interest in the Ulaan exploration li...