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 [...]
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 [...]
