Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN), registered in the second classification of the Mongolian Stock Exchange, has presented operating and financial results for the three and six months ended June 30, 2022 and to provide an update on its Khundii Gold District (“KGD”), including its Bayan Khundii Gold Project (“Bayan Khundii” or “BK”).

Q2-2022 Highlights and Significant Subsequent Events:

• Preliminary Site Establishment works completed, including camp expansion, communications infrastructure installation and project controls software implementation.

• Re-pricing and tendering for major equipment supply and construction works substantially complete.

• Preferred and shortlist vendors selected for all major project works.

• Regulatory review of detailed drawings well advanced, with nine facilities fully approved, including those planned during the site establishment and initial construction – received construction permits for eight of these facilities in February 2022.

Exploration:

• Completed first phase of the 2022 KGD exploration program, including 3,906 metres of diamond drilling and 2,145 metres of shallow.

• UDH-35 included the highest average grade intersection to date at Ulaan SE. 

• UDH-21, including the hole extension, returned one of the thickest gold zones in the KGD.

• UDH-36 intersected 179 metres of 1.2 g/t gold, beginning 72 metres downhole. 

• UDH-53 returned high-grade mineralization within a projected feeder zone. 

• UDH-52, 60 metres SSE of UDH-53, intersected a wide zone of mineralization.

Please click here to see the detailed information. 

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