Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) 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.
o Q4 2020 drilling at Dark Horse delineated a significant new gold discovery
o Defined a four kilometre long structure, trending north-south (N-S), extending from the Bayan Khundii deposit in the south to the Altan Arrow northeast-trending structure in the north
o Dark Horse drill hole AAD-61 intersected a wide zone of gold mineralization
o Returned 130 metres of 0.53 g/t gold, beginning 10 metres downhole, including 26 metres of 1.1 g/t gold, beginning 14 metres downhole
o Drill hole was collared 700 metres north of previously reported high-grade intersection in AAD58 and 500 metres north of AAD-57
o Significant gold mineralization has been intersected along the Dark Horse N-S structure over a 1.2 kilometre trend, including (from south to north):
o AAD-58 returned 45 metres of 5.97 g/t gold, beginning 10 metres downhole, including 1 metre of 82.5 g/t gold within 8 metres of 27.1 g/t gold
o AAD-57, located 180 metres north of AAD-58, returned 16 metres of 0.6 g/t gold beginning 52 metres downhole, and 48 metres of 1.2 g/t gold beginning 194 metres downhole, including 30 metres of 1.7 g/t gold
o AAD-61, located 500 metres north of AAD-58, returned 130 metres of 0.53 g/t gold beginning 10 metres downhole
o AAD-51, collared 1.2 kilometres north of AAD-58, returned 3 metres of 5.6 g/t gold beginning 138 metres downhole and 10 metres of 0.9 g/t gold starting 222 metres downhole
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