Multiple areas to be drilled as part of ongoing district expansion program Highlights1: Drilling commenced at Bayan Khundii on Monday, August 17 with a second drill rig scheduled to be operating the week of August 24 Phase I includes ~ 8,700 metres of drilling at Bayan Khundii and Dark Horse The first drill rig is focused on BK with drill plans for [...]
Erdene Resource Development Corp. is pleased to announce operating and financial results for the three and six months ended June 30, 2020 and to provide an update on the Bayan Khundii Gold Project. This release should be read in conjunction with the Company’s Q2-2020 Financial Statements, MD&A and Annual Information Form, available on the Company’s [...]
Erdene Resource Development Corp. is pleased to announce the closing of the previously announced non-brokered private placement of approximately C$20 million , led by a $15 million investment by Mr. Eric Sprott. “We are very pleased to close this financing led by Mr. Sprott,” said Mr. Peter Akerley, Erdene’s President and CEO. “Funds will be [...]
Erdene Resource Development Corp. is providing an update on its previously announced non-brokered private placement of approximately C$20 million . As announced on July 23, 2020, the Private Placement will consist of the sale of 33,333,333 subscription receipts at a price of $0.45 per Subscription Receipt, to an entity controlled by Mr. Eric Sprott [...]
Erdene Resource Development is pleased to announce a non-brokered private placement of approximately C$20 million, led by a $15 million strategic investment from Mr. Eric Sprott. Paradigm Capital acted as lead financial advisor to Erdene on the transaction. Haywood Securities acted as co-advisor. “We are very pleased to have Mr. Sprott as a [...]
NI 43-101 Technical Report Highlights Base Case after-tax Net Present Value of US$100 million and 42% Internal Rate of Return, increasing to US$216 million and 77% IRR, respectively, at current gold price of US$1,800/oz Life of Mine Earnings Before Interest, Taxes and Depreciation of US$257 million, increasing to US$400M at a US$1,800/oz gold price [...]
Erdene Resource Development Corp. , will be hosting a conference call to review results of the Bankable Feasibility Study for its 100%-owned Bayan Khundii Gold Project, to be announced after market close today. The conference call is scheduled for 10:00 am ET on Tuesday, July 21, 2020. The recording of the call will subsequently be made available [...]
Multiple Targets to Be Drilled in Q3 2020 as Part of Ongoing District Exploration Program Highlights: Q2 2020 exploration program returned outstanding results with near-surface, high-grade gold intersections in all targeted areas; Midfield SE, Striker SW and Dark Horse Intersected anomalous gold in all 11 holes in a 100m x 50m area, within 25 [...]
Erdene Resource Development Corp. is pleased to announce drilling results from the Midfield Southeast zone of the Company’s 100%-owned Bayan Khundii Gold Project . “We are exceptionally pleased with drill results from the new Midfield Southeast zone, including one metre of 582 g/t gold within an intersection of 5.5 metres grading 126 g/t gold, in a [...]
Erdene Resource Development Corp. is pleased to announce its shareholders voted in favour of all items of business brought before them at the Company's Annual and Special Meeting of Shareholders held on June 25, 2020 in Halifax, Nova Scotia. Details of the AGM are provided below. Appointment of Board and Executive At the AGM, shareholders voted in [...]
Erdene Resource Development Corp. is pleased to provide a drilling update for the Company’s 100%-owned Khundii Gold Project. “The current drill program has confirmed continuity of a new near-surface gold zone, southeast of the main Midfield orebody, with multiple intersections containing visible gold,” said Peter Akerley [...]
Erdene Resource Development Corp. is pleased to provide an update on current technical programs and an overview of Q2 field programs on the Company’s exploration prospects at its 100%-owned Khundii Gold Project licenses. “As we are nearing delivery of the Bayan Khundii Gold Project’s Bankable Feasibility Study , we are progressing [...]