Erdene Resource Development Corp. has agreed to extend the term of the common share purchase warrants issued in connection with a non-brokered private placement, which closed in February 2019, other than those that were issued to insiders. Effective February 28, 2021, 10,265,222 Warrants will have their expiry date extended by three months to May [...]
Erdene Resource Development Corp. is pleased to provide final drill results from its 2020 Dark Horse gold prospect and to announce follow up exploration work on this exciting new prospect. Highlights1: Q4 2020 drilling at Dark Horse delineated a significant new gold discovery • Defined a four kilometre long structure, trending north-south [...]
Erdene Resource Development Corp. is pleased to provide exploration drilling results from its Dark Horse gold prospect. Highlights1: New high-grade, shallow, gold discovery hosted in a 4 kilometre long structure in the western portion of Dark Horse demonstrates potential for significant gold discoveries near the Bayan Khundii deposit: ? AAD-58 [...]
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. Highlights: • Ulaan is one of multiple porphyry and epithermal targets [...]
Erdene Resource Development Corp. has agreed to extend the term of 11,314,580 common share purchase warrants that were issued in connection with a non-brokered private placement, which closed in June 2018. Effective December 8, 2020, these Warrants will have their expiry date extended by three months to March 8, 2021. The exercise price of $0.60 [...]
Erdene Resource Development Corp. is pleased to report final results from the first 10,000-metre phase of its 18,000-metre Khundii Gold District drill program, including multiple high-grade gold intersections in areas adjacent to the planned Bayan Khundii economic pit. Highlights1: High-grade gold intersections in a new zone at Striker West, 200 [...]
Erdene Resource Development Corp. is pleased to announce operating and financial results for the three and nine months ended September 30, 2020 and to provide an update on the Bayan Khundii Gold Project. This release should be read in conjunction with the Company’s Q3-2020 Financial Statements, MD&A and Annual Information Form, available on the [...]
Erdene Resource Development Corp. is pleased to announce that it has executed a mandate letter with Export Development Canada for an up to US$55 million senior secured debt facility to develop the Bayan Khundii Gold Project in southwest Mongolia. EDC’s financing for the Project is conditional upon the satisfactory completion of due diligence, which [...]
Erdene Resource Development Corp. is pleased to provide exploration results for its Dark Horse gold prospect, as part of the first phase of its 18,000-metre Khundii Gold District drill program. To date, the Company has received assay results for approximately 3,600 metres of the 10,000 metres drilled in the first phase. Highlights1: Eleven hole [...]
Erdene Resource Development Corp. announces that the European Bank for Reconstruction and Development has exercised its conversion option in respect of its US$5 million convertible loan with the Company. Following conversion of the Convertible Loan, the EBRD owns and controls 30,043,290 common shares representing approximately 11.2% of the issued [...]
Erdene Resource Development Corp. announces the conclusion of and the initial results from the first phase of its 18,000 metre Khundii Gold District drill program. Highlights: Phase I Drilling complete, totaling over 10,000 metres on the Bayan Khundii License: – 49 holes including 4 extension holes at Bayan Khundii for 8,435 metres – 11 [...]
Erdene Resource Development Corp. is pleased to announce the filing on SEDAR of the independent Feasibility Study Technical Report for its 100%-owned, high-grade, open-pit Bayan Khundii Gold Project in southwest Mongolia. The Report, entitled ‘Bayan Khundii Gold Project Feasibility Study, NI 43-101 Technical Report’, dated August 31, 2020, with an [...]