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Bayan Khundii, Mongolia: 131.5m grading 3.86g/t Au from 39m depth (BKD-98) www.mining-journal.com
The first results from Erdene Resource Development’s (CN:ERD) 2017 drilling at Bayan Khundii in southwest Mongolia have carried on from where the previous year’s programme left off.
Looking to connect and extend the Midfield and Striker zones at the project, the company has hit some serious mineralisation worthy of follow up.
The standout hit was a 131.5m intercept averaging 3.86g/t Au from 39m depth, which came within the Midfield-Striker area. This also contained an 80m hit grading 6.03g/t Au from 42m depth.
What this hole and others in the 2017 programme have confirmed is that gold mineralisation at these zones extends down dip to the south. They have also gone some way to endorsing the idea that the Striker and Midfield zones, the two most prominent zones identified at Bayan Khundii, connect.
Erdene is working on generating a resource at the project this year. These intercepts on top of hits like 116m grading 2g/t Au from surface have seen the company’s share price rise more than 350% in the past year.
Published Date:2017-05-05
