Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Erdene Resource Development Corporation

Publié le 18 novembre 2013

Completes Trenching Program on the Altan Nar Gold-Silver Project

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Precious Metals | Report | Zinc |

Erdene Resource Development Corporation

Erdene Completes Trenching Program on the Altan Nar Gold-Silver Project

Three Trenches Over 250 Metre Strike Return Greater Than 1 g/t Gold Over Widths of 44 to 50 Metres

Halifax, Nova Scotia - November 18, 2013 - Erdene Resource Development Corp. (TSX:ERD) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or the "Company"), is pleased to report significant gold and silver results from the first phase of trenching that was completed earlier this month at the Company's 100% owned Altan Nar gold-polymetallic project in southwest Mongolia. Results have been obtained for the first four out of 28 trenches designed to test ten distinct mineralized zones across the 5.5 kilometre long Altan Nar target area.

"These early results have exceeded our expectations and have allowed us to meet our stated objective of establishing initial targets for open pit development at Altan Nar while pending results will allow us to prioritize new areas for the next phase of resource drilling" said Peter Akerley, Erdene President and CEO. "We believe the combination of these results and the extent of stockwork breccia uncovered in the remaining twenty-four trenches, combined with our previous results, demonstrate the potential for Altan Nar to host multiple, near-surface, gold-polymetallic deposits conducive to open pit mine development."

Results include three of four trenches returning excellent results over a 250 metre portion of the 400 metre long Discovery Zone. Gold-silver mineralized stockwork breccia zones were uncovered over wide intervals of 44 to 50 metres in each of the three trenches, all containing an average gold content of greater than 1.0 gram per tonne ("g/t"). Each contain wide, higher grade, intervals of 11 to 15 metres grading 2.4 to 3.0 g/t gold accompanied by 8 to 20 g/t silver.

Table 1. Summary of initial assay results from Discovery Zone trenching at Altan Nar

Trench From
(m)
To
(m)
Length
(m)
Gold
(g/t)
Silver
(g/t)
Lead
(%)
Zinc
(%)
ANT- 1 14 39 25 0.5 7.2 0.52 0.43
Including 29 36 7 1.1 15.4 0.66 0.60
And 62 66 4 0.9 3.5 0.43 0.29
ANT-2 44 94 50 1.1 5.4 0.4 0.35
Including 63 78 15 2.4 8.0 0.93 0.40
Including 69 73 4 6.5 10.8 2.16 0.37
And 117 122 5 0.6 1.0 0.16 0.20
ANT-26 4 48 44 1.1 11.3 0.54 0.28
Including 16 27 11 3.0 33.7 1.63 0.46
Including 23 27 4 6.4 67.0 4.2 0.40
ANT-27 22 68 46 1.2 7.6 0.27 0.26
Including 38 53 15 3.0 19.6 0.33 0.32
Including 39 44 5 5.2 32.0 0.40 0.31
Including 50 53 3 5.1 12.7 0.49 0.30

A total of 1,858 metres of trenching resulted in 1,267, 1 to 2 metre samples have been sent to SGS Laboratory in Ulaanbaatar, Mongolia for multi-element analysis.

Discussion of Results

The objective of the trenching program is to further define the near-surface mineralization identified to date, improve the understanding of the gold mineralized system and prioritize new areas for the next phase of resource drilling. The exploration data generated by this program will also be used to develop conceptual plans for initial open pit development. These initial trench results, in conjunction with previous drill results, indicate the presence of a potential shallow, bulk-tonnage, gold-silver-lead-zinc mineralized system in the first of the 10 targets tested along the 5 kilometre trend.

The original trenching program, announced in October, 2013, was expanded from 1,200 metres to 1,858 metres due to the Company's early success in identifying and expanding mineralized zones. The surface expression of the Altan Nar project area is one of low relief with thin Quaternary cover over much of the area, interspersed with low rolling hills. The intense weathering of the altered, sulfide-rich, stockwork breccia zones leaves little surface expression of the targets and little indication of their size other than remnant quartz rubble. As a result, the extent of alteration and mineralization observed in the trenches commonly exceeded that indicated by surface expression. To date, the Altan Nar targets have not been tested below 250 metres vertical depth, however multiple holes have ended in zones of greater than 1 g/t gold.

Qualified Person

J.C. (Chris) Cowan, P.Eng. (Ontario), VP Asia for Erdene, is a Qualified Person as that term is defined in National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. All samples have been assayed at SGS Laboratory in Ulaanbaatar, Mongolia. In addition to internal checks by SGS Laboratory, the Company incorporates a QA/QC sample protocol utilizing prepared standards, blanks and duplicates.

About Erdene

Erdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration, and development of base and precious metals in underexplored and highly prospective Mongolia. For further information on the Company, please visit www.erdene.com. Erdene has 68,621,503 issued and outstanding common shares and a fully diluted position of 79,720,692 common shares.

Forward-Looking Statements

Certain information regarding Erdene contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Erdene believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Erdene cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Erdene currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Erdene does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.

To view the maps associated with this press release, please visit the following links:

http://media3.marketwire.com/docs/912176_Erdene_map1.pdf

http://media3.marketwire.com/docs/912176_Erdene_Map2.pdf

http://media3.marketwire.com/docs/912176_Erdene_Map3.pdf

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS RELEASE

Contact information

Erdene Resource Development Corp.
Peter C. Akerley, President and CEO

or

Ken W. MacDonald, Vice President Business Strategy and CFO
Phone: (902) 423-6419
E-mail: info@erdene.com
www.erdene.com

 
    You are subscribed to Erdene Resource Development Corporation Investor Relations' e-mail alerts as .com.

    To update your e-mail and alert preferences, please click here.
    To unsubscribe, please click here.

    Erdene Resource Development Corporation
    99 Wyse Road Suite 1480, Dartmouth, Nova Scotia, AB B3A4S5
    Service provided by Shareholder.com

     

    .
    Données et statistiques pour les pays mentionnés : Canada | Tous
    Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

    Erdene Resource Development Corporation

    EXPLORATEUR
    CODE : ERD.TO
    ISIN : CA29480N2068
    Suivi et investissement
    Add to watch list Add to your portfolio Add or edit a note
    Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
    ProfilIndicateurs
    de Marché
    VALEUR :
    Projets & res.
    Communiqués
    de Presse
    Rapport
    annuel
    RISQUE :
    Profile actifs
    Contactez la cie

    Erdene est une société d’exploration minière d'or et de cuivre basée au Canada.

    Erdene détient divers projets d'exploration au Canada et en Mongolie.

    Ses principaux projets en exploration sont DONKIN au Canada et DURVULJIN UUL, ERDENET et GALSHAR UUL en Mongolie.

    Erdene est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 69,8 millions CA$ (51,5 millions US$, 46,3 millions €).

    La valeur de son action a atteint son plus haut niveau récent le 06 juillet 2007 à 2,05 CA$, et son plus bas niveau récent le 01 novembre 2013 à 0,07 CA$.

    Erdene possède 145 390 000 actions en circulation.

    Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
    Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
     
    Dans les médias de Erdene Resource Development Corporation
    14/06/2018Erdene becomes first cross-listed firm on the Mongolian Stoc...
    31/05/2018Mongolia listing boosts investors confidence in Erdene Resou...
    10/05/2018Erdene soars as Altan Nar project in Mongolia proves larger ...
    03/05/2018Mongolian Copper Corp considers international fight for Erde...
    08/12/2017Mongolian Gov't can't nationalize Erdenet Copper Mine — cour...
    Financements de Erdene Resource Development Corporation
    23/04/2013Closes Private Placement
    12/12/2012Announces Private Placement
    06/12/2011Completes Private Placement Financing
    28/11/2011Closes $1,715,000 Financing Pursuant to Private Placement Th...
    20/06/2008Closes $18.6 Million Private Placement
    02/06/2008Announces $15 Million Private Placement
    Rapports Financiers de Erdene Resource Development Corporation
    17/08/2009Reports 2009 Second Quarter Financial Results and Provides P...
    19/05/2009Reports 2009 First Quarter Financial Results and Provides Pr...
    15/05/2008Reports First Quarter Operating and Financial Results
    Projets de Erdene Resource Development Corporation
    18/11/2013Completes Trenching Program on the Altan Nar Gold-Silver Pro...
    08/08/2012(Donkin)Finalizes Agreement to Separate Donkin Coal and Mongolian Mi...
    26/07/2012(Donkin)Provides Donkin Export Coking Coal Project Update
    03/07/2012Completes US$3.35 Million Sale of the Granite Hill Quarry Pr...
    28/06/2012(Donkin)to Separate into Two Public Companies focused on Donkin Coal...
    17/01/2012Granite Hill Quarry Commences Production: Erdene Receives Mi...
    27/07/2011(Nomin)Drill Results Confirm Continuity of Copper-Gold-Silver Sulfi...
    30/06/2011(Donkin)Receives Independent Technical Report on Donkin Export Cokin...
    01/06/2011(Zuun Mod Molybdenum)Receives Mining License for the Zuun Mod Molybdenum-Copper P...
    04/03/2011(Zuun Mod Molybdenum)Reports Additional Results from Mongolian Copper Discovery: ...
    28/11/2008(Donkin Coal Project)Provides Update on Donkin Coal Project
    Communiqués de Presse de Erdene Resource Development Corporation
    05/07/2016Morien Announces Appointment of CFO
    03/11/2015Erdene Announces a Three Month Extension to Warrants
    20/10/2015Erdene Announces Private Placement; Drilling to Commence on ...
    15/10/2015RETRANSMISSION - Erdene Reports Multiple High-Grade Gold-Pol...
    15/10/2015Erdene Reports Multiple High-Grade Gold-Polymetallic Interse...
    05/10/2015IIROC Trade Resumption - ERD
    05/10/2015Erdene Discovers Bonanza Grade Gold in Southwest Mongolia
    05/10/2015IIROC Trading Halt - ERD
    29/09/2015Erdene Drills 12 m of 5.3 g/t Gold Equivalent at Union North...
    16/09/2015Metallurgical Testing at Erdene's Altan Nar Project Returns ...
    15/07/2015Erdene and Tian Poh Amend Option Agreement; Drilling to Comm...
    06/07/2015Erdene Appoints Layton Croft to the Board of Directors
    17/04/2015Erdene Announces Private Placement
    01/04/2015Erdene Provides Year-End Financial Results and Project Revie...
    01/04/2015Provides Year-End Financial Results and Project Review
    01/04/2015IIROC Trade Resumption - ERD
    31/03/2015Reports Initial Resource Estimate for Altan Nar Gold-Polymet...
    31/03/2015Erdene Reports Initial Resource Estimate for Altan Nar Gold-...
    31/03/2015IIROC Trading Halt - ERD
    12/02/2015IIROC Trade Resumption - ERD
    12/02/2015Erdene Enters Agreement with Tian Poh Resources Ltd to Excha...
    12/02/2015IIROC Trading Halt - ERD
    09/02/2015IIROC Trade Resumption - ERD
    09/02/2015Erdene Intersects Multiple High Grade Gold-Polymetallic Zone...
    09/02/2015IIROC Trading Halt - ERD
    12/01/2015Intersects 51 m of 2.5 g/t Gold Equivalent at Altan Nar Incl...
    12/01/2015Erdene Intersects 51 m of 2.5 g/t Gold Equivalent at Altan N...
    18/12/2014CWN Mining Acquisition Corporation Announces Private Placeme...
    14/11/2014November 14, 2014 Erdene Secures Financing and Commences Res...
    14/11/2014Erdene Secures Financing and Commences Resource Drilling on ...
    07/10/2014IIROC Trade Resumption - ERD
    06/10/2014Erdene Announces Private Placement; Altan Nar Gold-Polymetal...
    06/10/2014IIROC Trading Halt - ERD
    02/10/2014Erdene Provides Altan Nar Exploration Update
    25/08/2014Erdene Provides Exploration and Corporate Update : Commences...
    19/06/2014Erdene Provides Highlights of AGM and Project Updates
    03/06/2014IIROC Trade Resumption - ERD
    02/06/2014Erdene Intersects High Grade Gold and Base Metal Zone at Alt...
    02/06/2014IIROC Trading Halt - ERD
    23/01/2014Altan Nar Trenching Intersects Multiple High Grade Gold and ...
    18/10/2013Announces Private Placement Altan Nar Gold Project - Explora...
    18/10/2013Announces Private Placement : Altan Nar Gold Project-Explora...
    07/10/2013Commences Exploration Program at Altan Nar Gold Project
    02/07/2013Provides Highlights of AGM and Project Update
    27/06/2013Reports Encouraging Metallurgical Results for Altan Nar Gold...
    11/04/2013Establishes Strategic Alliance in Mongolia
    03/04/2013Provides Year-End Financial Results and Project Review
    09/11/2012and Morien Announce Completion of Plan of Arrangement and Co...
    02/11/2012and APM Receive Final Court Approval for Plan of Arrangement...
    26/10/2012and APM Shareholders Vote in Favor of Plan of Arrangement
    09/10/2012Commences Drill Program on the Altan Nar Gold Project
    02/10/2012Proposing Division into Two Public Companies
    22/08/2012Provides Update on Mongolian Metals Projects
    13/08/2012Morien Resources Corp. Selected as Proposed New Name and Joh...
    30/05/2012Drilling Continues to Expand Altan Nar Gold Discovery
    22/05/2012Announces Sale of its Land and Royalty Interest at the Grani...
    17/05/2012Provides Project Updates and First Quarter Financial Results
    26/04/2012(Donkin)Schedules Conference Call to Provide Update on Donkin Coal P...
    29/03/2012Provides Project Updates and Reports Year End Financial Resu...
    05/03/2012Announces Drilling Program for Altan Nar Gold-Silver Project
    26/01/2012Confirms Continued Widespread Gold Mineralization at Altan N...
    12/10/2011Drilling Confirms Significant Epithermal Gold Mineralization...
    07/09/2011Announces Significant New Gold Discovery in Southwest Mongol...
    15/08/2011Provides Project Updates and Second Quarter Financial Result...
    06/07/2011(Nomin)Initial Drill Results Confirm Copper-Gold Sulfide Zone at Er...
    21/06/20112010 Annual General Meeting-June 23, 2011
    15/06/2011Provides Project Updates and First Quarter Financial Results
    12/04/2011Provides Project Updates and Reports Year End Financial Resu...
    17/02/2011Zuun Mod Results Continue to Enhance Potential of Copper and...
    28/02/2009Concludes Reverse Takeover of Beta Minerals Inc.
    15/09/2008Xstrata Coal Canada Increases Ownership in Erdene
    29/05/2008Erdene Name Change Approved at Annual and Special Meeting
    Publication de commentaires terminée
     
    Dernier commentaire publié pour cet article
    Soyez le premier à donner votre avis
    Ajouter votre commentaire
    TORONTO (ERD.TO)Other OTC (ERDGF)
    0,480-4.00%210 713,380
    TORONTO
    CA$ 0,480
    19/09 12:48 -0,020
    -4%
    Cours préc. Ouverture
    0,500 0,495
    Bas haut
    0,470 0,510
    Année b/h Var. YTD
    0,300 -  0,500 41,18%
    52 sem. b/h var. 52 sem.
    0,280 -  0,500 60,00%
    Volume var. 1 mois
    323 200 9,09%
    24hGold TrendPower© : 21
    Produit
    Développe
    Recherche Coal
     
     
     
    Analyse
    Interactive chart Add to compare
    Graphique
    interactif
    Imprimer Comparer Exporter
    Vous devez être connecté pour accéder au portefeuille (gratuit)
    Top Newsreleases
    LES PLUS LUS
    Variation annuelle
    DateVariationMaxiMini
    202433,33%0,490,29
    202326,32%0,450,27
    2022-34,48%0,500,25
    20217,41%0,500,33
    2020138,24%0,710,13
     
    Graphique 5 ans
     
    Graphique 3 mois
     
    Graphique volume 3 mois
     
     
    Nouvelles des Sociétés Minières
    Plymouth Minerals LTDPLH.AX
    Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
    0,12 AU$-8,00%Trend Power :
    Santos(Ngas-Oil)STO.AX
    announces expected non-cash impairment
    7,08 AU$+0,50%Trend Power :
    OceanaGold(Au)OGC.AX
    RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
    2,20 AU$+0,00%Trend Power :
    Western Areas NL(Au-Ni-Pl)WSA.AX
    Advance Notice - Full Year Results Conference Call
    3,86 AU$+0,00%Trend Power :
    Canadian Zinc(Ag-Au-Cu)CZN.TO
    Reports Financial Results for Q2 and Provides Project Updates
    0,12 +4,55%Trend Power :
    Stornoway Diamond(Gems-Au-Ur)SWY.TO
    Second Quarter Results
    0,02 CA$+100,00%Trend Power :
    McEwen Mining(Cu-Le-Zn)MUX
    TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
    9,31 US$+4,49%Trend Power :
    Rentech(Coal-Ngas)RTK
    Rentech Announces Results for Second Quarter 2017
    0,20 US$-12,28%Trend Power :
    KEFIKEFI.L
    Reduced Funding Requirement
    0,60 GBX+1,18%Trend Power :
    Lupaka Gold Corp.LPK.V
    Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
    0,05 CA$+10,00%Trend Power :
    Imperial(Ag-Au-Cu)III.TO
    Closes Bridge Loan Financing
    2,05 CA$-0,49%Trend Power :
    Guyana Goldfields(Cu-Zn-Pa)GUY.TO
    Reports Second Quarter 2017 Results and Maintains Production Guidance
    1,84 CA$+0,00%Trend Power :
    Lundin Mining(Ag-Au-Cu)LUN.TO
    d Share Capital and Voting Rights for Lundin Mining
    13,36 +5,45%Trend Power :
    Canarc Res.(Au)CCM.TO
    Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
    0,34 CA$+0,00%Trend Power :
    Havilah(Cu-Le-Zn)HAV.AX
    Q A April 2017 Quarterly Report
    0,19 AU$+2,70%Trend Power :
    Uranium Res.(Ur)URRE
    Commences Lithium Exploration Drilling at the Columbus Basin Project
    6,80 US$-2,86%Trend Power :
    Platinum Group Metals(Au-Cu-Gems)PTM.TO
    Platinum Group Metals Ltd. Operational and Strategic Process ...
    1,91 +7,91%Trend Power :
    Devon Energy(Ngas-Oil)DVN
    Announces $340 Million of Non-Core Asset Sales
    41,22 US$+2,10%Trend Power :
    Precision Drilling(Oil)PD-UN.TO
    Announces 2017Second Quarter Financial Results
    8,66 CA$-0,35%Trend Power :
    Terramin(Ag-Au-Cu)TZN.AX
    2nd Quarter Report
    0,04 AU$+0,00%Trend Power :
    Profitez de la hausse des actions aurifères
    • Inscrivez-vous à notre market briefing minier
      hebdomadaire
    • Recevez nos rapports sur les sociétés qui nous semblent
      présenter les meilleurs potentiels
    • Abonnement GRATUIT, aucune sollicitation
    • Offre limitée, inscrivez-vous maintenant !
    Accédez directement au site.