July 26, 2022
Нова Скошиа муж, Халифакс хот
Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to announce final results from the Q2 2022 drill program at Ulaan Southeast (“Ulaan SE”), located 300 metres west of the construction ready Bayan Khundii Gold Project in southwest Mongolia. This program expanded known mineralization at the Ulaan SE discovery to the west and at depth, and intersected an interpreted high-grade, gold bearing “feeder” structure. Follow-up exploration at Ulaan SE is currently underway.
Онцлох мэдээлэл
- UDH-53 returned high-grade mineralization within a projected feeder zone, including 2 metres of 24.9 g/t gold within 27 metres of 3.47 g/t gold
- UDH-52, 60 metres SSE of UDH-53, intersected a wide zone of mineralization – 189 metres averaging 0.8 g/t gold
- Mineralization at Ulaan SE has been traced over a 200 metre strike, to a depth of 450 metres, that remains open to the west and at depth; highlights of Q2 drilling include:
- UDH-35 included the highest average grade intersection to date at Ulaan SE
- Intersected 23 metres of 13.7 g/t gold within 41 metres of 8.1 g/t gold, beginning 187 metres downhole
- UDH-21, including the hole extension, returned one of the thickest gold zones in the Khundii District
- Intersected 335 metres of 1.1 g/t gold, beginning 115 metres downhole, ending in mineralization
- Includes 27 metres of 8.7 g/t gold, within 77 metres of 3.2 g/t gold
- UDH-36 intersected 179 metres of 1.2 g/t gold, beginning 72 metres downhole
- Includes several one-metre, high-grade intersections, ranging from 10-33 g/t gold, and ending in mineralization at 350 metres
- UDH-35 included the highest average grade intersection to date at Ulaan SE
Тодруулга
“Ulaan drilling has returned very high grade zones in the feeder structure as well as exceptionally thick zones of mineralization, exceeding 300 metres, which remain open, in the core of the discovery,” said Peter Akerley, Erdene’s President and CEO. “This newest Khundii District discovery is interpreted as the western extension of the Bayan Khundii deposit, demonstrating the resource expansion potential from deeper exploration in the District.”
“In the past week, we launched a follow-up exploration program. The outcome of this program, as well as the results from the recently completed regional reverse-circulation (“RC”) program, will focus our exploration work for the balance of 2022,” continued Mr. Akerley. “We are confident that we are well on our way to achieving our two million ounce gold equivalent resource target by the end of the year.”
Summary of Drill Results
The primary objectives of the Q2 2022 Ulaan SE drilling program were to test interpreted high-grade feeder zones along bounding or intersecting structures in the northern portion of the Ulaan SE discovery, and to test mineralization at depth.
Six new holes, as well as five hole-extensions, totaling 2,463.7 metres, were completed as part of the Q2 2022 Ulaan SE drilling program. Results are summarized below in Table 1. Results for the final two holes in the program, UDH-52 and UDH-53, are newly reported; all other results were reported on June 6, 2022.
The Q2 2022 program at Ulaan SE confirmed a zone of high-grade mineralization interpreted to be associated with intersecting or bounding structures and possibly a feeder zone. Drill hole UDH-35 returned the highest average grade interval intersection to date at Ulaan SE, with 41 metres of 8.1 g/t gold starting 187 metres downhole. Drill hole UDH-36 extended high-grade mineralization further west from the discovery area, intersecting one of the broadest zones of mineralization to date in Erdene’s Khundii Gold District. Hole UDH-53 was drilled to confirm extension of the feeder zone at depth and intersected 27 metres of 3.47 g/t gold, including three one-metre intervals greater than 10 g/t gold (up to 35.5 g/t gold), and ended in mineralization.
Step-out drill holes and hole extensions continue to expand the area of known mineralization, which remains open to the west and at depth. Drillhole UDH-37 intersected the targeted gold mineralized tuffaceous host lithology, broadening the potential for gold mineralization as exploration progresses westward further into the core of the Ulaan license area. UDH-38 complimented the results of UDH-37, extending gold mineralization westward; however, this drillhole also indicates shallower gold mineralization, with gold mineralization beginning 42 metres down hole.
Hole extensions (an additional 100 to 200 metres, to total depths of 350 to 450 metres) demonstrated that gold mineralization extends over 400 metres vertically. Mineralization remains open at depth with two of the holes extended to 450 metres ending in mineralization.
Table 1: Ulaan Q2 2022 Drilling Highlights
(0.3 г/т алтны агуулгаас дээш агуулга бүхий интервалууд)
| Цооног | м-ээс | м хүртэл | Интервал (1) | Au g/t |
| Newly Reported Drill Holes | ||||
| UDH-52 | 86 | 275(2) | 189 | 0.80 |
| UDH-53 | 248 | 337(2) | 89 | 1.40 |
| үүнд | 248 | 275 | 27 | 3.47 |
| үүнд | 248 | 250 | 2 | 24.90(5) |
| үүнд | 295 | 296 | 1 | 11.88 |
| Previously Reported Q2 – 2022 Drill Holes | ||||
| UDH-35 | 107 | 116 | 9 | 0.49 |
| ба | 176 | 178 | 2 | 0.46 |
| ба | 187 | 228 | 41 | 8.10 |
| үүнд | 188 | 211 | 23 | 13.73 |
| үүнд | 188 | 189 | 1 | 10.87 |
| үүнд | 197 | 198 | 1 | 44.40 |
| үүнд | 208 | 211 | 3 | 68.32 |
| үүнд | 208 | 209 | 1 | 108.12 |
| ба | 235 | 238 | 3 | 0.36 |
| ба | 246 | 251(2) | 5 | 0.34 |
| UDH-36 | 2 | 4 | 2 | 0.51 |
| ба | 72 | 251(2) | 179 | 1.23 |
| үүнд | 106 | 107 | 1 | 15.52 |
| үүнд | 142 | 143 | 1 | 14.36 |
| үүнд | 146 | 147 | 1 | 10.84 |
| үүнд | 227 | 228 | 1 | 33.43 |
| UDH-37 | 64 | 68 | 4 | 0.44 |
| ба | 168 | 272 | 104 | 0.31 |
| үүнд | 202 | 246 | 44 | 0.51 |
| UDH-38 | 42 | 68 | 26 | 0.30 |
| ба | 193 | 262 | 69 | 0.48 |
| ба | 346 | 348 | 2 | 0.56 |
| Hole Extensions | ||||
| UDH-08 | 20 | 22 | 2 | 0.44(3) |
| ба | 202 | 206 | 4 | 0.37 |
| UDH-12 | 310 | 314 | 4 | 0.36 |
| ба | 324 | 328 | 4 | 0.46 |
| ба | 338 | 340 | 2 | 0.58 |
| UDH-17 | 287 | 289 | 2 | 1.71(3) |
| ба | 314 | 368 | 54 | 1.55(4) |
| үүнд | 348 | 350.3 | 2.3 | 21.57(3) |
| ба | 412 | 422 | 10 | 0.33 |
| ба | 425 | 426 | 1 | 0.39 |
| ба | 432 | 434 | 2 | 0.30 |
| UDH-21 | 115 | 450.3(2) | 335.3 | 1.10(4) |
| үүнд | 115 | 192 | 77 | 3.19(3) |
| үүнд | 131 | 158 | 27 | 8.74(3) |
| үүнд | 139 | 140 | 1 | 156.54(3) |
| үүнд | 155 | 156 | 1 | 20.98(3) |
| үүнд | 209 | 280 | 71 | 0.81(3) |
| үүнд | 222 | 230 | 8 | 1.92(3) |
| үүнд | 257 | 271 | 14 | 2.79(3) |
| үүнд | 304 | 318 | 14 | 0.34(3) |
| үүнд | 342 | 450.3(2) | 108.3 | 0.53(4) |
| үүнд | 417 | 450.3(2) | 33.3 | 0.91 |
| UDH-28 | 282 | 291 | 9 | 0.47(3) |
| ба | 306 | 356 | 50 | 0.47(4) |
| ба | 370 | 384 | 14 | 0.37 |
| ба | 394 | 450(2) | 56 | 0.34 |
- Тайлагнасан интервал нь цооногт огтлогдсон зузаан болно. Нэмэлт хайгуул хийснээр бодит зузаан болон хүдэржилтийн анизотропыг тодорхойлох боломжтой
- Цооногийн төгсгөл
- Previously reported interval (2021)
- Extended interval
- Included two, one-metre intervals, both greater than 10 g/t gold (14.3 and 35.5 g/t gold)
Төлөвлөгөөт ажлууд
The results to date demonstrate a broad and thick zone of mineralization over a vertical depth in excess of 400 metres, that remains open at depth and to the west. Analysis of multi-element geochemical data, complimented by downhole magnetic susceptibility readings, are introducing correlations previously unrecognized at Ulaan SE. These datasets indicate that increased potassium concentrations (after pervasive adularia-Kspar alteration) in conjunction with low magnetic susceptibility readings, are strongly correlated with the targeted gold bearing tuffaceous host package. 3D modelling of these combined variables will serve as important target vectoring tools for future drilling at Ulaan SE. A follow-up drilling program has been designed to further test continuation of mineralization to the west and at depth, including further tracing of the high-grade mineralization identified to date which has been interpreted as a potential structurally controlled feeder zone.
Ulaan SE Overview
The Ulaan SE gold target is a blind-top discovery identified in Q3 2021. The prospect is characterized by hundreds of metres of gold mineralization (up to 354 metres continuously in a single drill hole) over an area 200 metres by 250 metres. Gold mineralization begins approximately 80 metres from surface and remains open along strike to the west/northwest and at depth. Intervals include 152 metres of 1.7 g/t gold in UDH-22 (from 85 metres) and 77 metres of 3.2 g/t gold in UDH-21 (from 115 metres), as well as the more recent results noted in this release. Similar to the Bayan Khundii gold deposit, approximately 300 metres east, the mineralizing event is characterized by exceptionally high-grade quartz ± hematite and adularia veins and stockwork zones enveloped by the same gold bearing, silicified, white-mica altered lapilli tuff sequence.
The southern portion of the Ulaan license has areas of anomalous gold-in-soil over an area 3.5 kilometres by 1 kilometre. The underlying geology and alteration appears to be analogous to the gold mineralization at Ulaan Southeast and Bayan Khundii, namely tuffaceous units with white mica and silica alteration. A series of holes have been drilled to test high priority targets, for which the results are pending and expected in early Q3 2022.
Хөндий Эрдсийн Дүүрэг
Erdene’s deposits are in the Trans Altai Terrane, within the Central Asian Orogenic Belt, host to some of the world’s largest gold and copper-gold deposits. The Company has been the leader in exploration in southwest Mongolia over the past decade and is responsible for the discovery of the Khundii Gold District comprised of multiple high-grade gold and base metal prospects, one of which is currently being developed, the 100%-owned Bayan Khundii Gold Project, and another which is being considered for development, the 100%-owned Altan Nar Project. In 2021, the Company identified two new significant gold prospects, Dark Horse and Ulaan Southeast.
The Bayan Khundii Gold Resource1 includes 585,100 ounces of 2.19 g/t gold Measured and Indicated (“M&I”)2 and 35,900 ounces of Inferred resources at 2.18 g/t gold. Within the M&I resource, a Proven and Probable open-pit reserve totals 409,000 ounces at 3.7 g/t gold3 (press release линкБаттай болон бодитой нѳѳц, боломжит нѳѳцийг нэмэгдүүлж, үйлдвэрлэлийн нѳѳцѳд шилжүүлэх боломжтой.[1].
In July 2020, Erdene announced the results of an independent Feasibility Study for the Bayan Khundii Gold Project (Probable Reserve”) багтдаг. (Хэвлэлийн мэдээтэй эндээс танилцана уу)). The Feasibility Study results include an after-tax Net Present Value at a 5% discount rate and a US$1,400/oz gold price of US$100 million and Internal Rate of Return (“IRR”) of 42%. The Feasibility Study envisions an open pit mine at Bayan Khundii, producing an average of 63,500 oz gold per year, for seven years, at a head grade of 3.71 g/t gold, utilizing a conventional carbon in pulp processing plant. Production is expected to commence in 2023 based on the current project schedule.
Компанийн тухай
Эрдэнэ Ресурс Девелопмент Корпораци нь Монгол Улсад суурь болон үнэт металлын хайгуул, тѳсѳл хѳгжүүлэлтийн үйл ажиллагаа эрхэлдэг Канад Улсад бүртгэлтэй хайгуулын компани. Компани нь Монгол Улсын баруун урд бүсэд 1 хайгуулын, 3 ашиглалтын тусгай зѳвшѳѳрлийн хувь эзэмшдэг бѳгѳѳд эдгээр хайгуулын бүсэд хийсэн судалгааны үр дүнд Хѳндий Эрдсийн Дүүргийг нээн илрүүлсэн. Эрдэнэ Ресурс Девелопмент Корпораци нь Торонто болон Монголын хѳрѳнгийн биржүүд дээр бүртгэлтэй. Компанийн тухай дэлгэрэнгүй мэдээлэлтэй Компанийн вебсайт www.erdene.com-оос. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.
Мэргэшсэн этгээд (геологич) ба дээжлэлтийн протокол
Петер Далтон (Peter Dalton) нь Компанийн ахлах геологич (P.Geo, Nova Scotia) бөгөөд NI 43-101-т заасан мэргэшсэн этгээд ба урьдчилсан ТЭЗҮ, АШЭЗТ-оос бусад техникийн мэдээлэл, Баян Хѳндийн эрдсийн баялаг, нѳѳцѳѳс бусад мэдээ мэдээллийг Эрдэнэ Ресурсийн зүгээс хянан баталгаажуулсан болно. Бүх дээжийг Улаанбаатар хот дахь Эс Жи Эс (“SGS”) лабораторид шинжлүүлсэн. Эс Жи Эс лабораторийн дотоод хяналт шалгалтаас гадна, Компани нь тусгай стандарт бэлдэц, хээрийн болон лабораторийн хуулбар, мөн хүдэржилтгүй бэлдцийг ашиглан дээжийн чанарын хяналт, баталгаажуулалт (“QА/QC”)-ын протоколыг гүйцэтгэсэн. Бүх дээжид алтны агуулгыг стандарт Хайлуулах аргаар (fire assay), бусад 33 химийн элементийг Индукцын хос плазмт спектрометрийн арга (Inductively Coupled Plasma Optical Emission Spectroscopy) ашиглан тогтоосон. 5 г/т алтны агуулгаас дээш агуулга илэрсэн дээжүүдэд алтны шигшүүрийн шинжилгээ (screen-metallic gold analysis) хийсэн ба энэ нь 500 гр дээжний 75 микроноос бага байх 30 гр бүхий 3 дээж болон 75 микроноос том байх хэсгүүдэд хийгдсэн алтны хайлуулах (fire assay) шинжилгээнүүдийн жигнэсэн дунджаар илэрхийлэгддэг.
Эрдэнийн дээжлэлтийн протокол нь (хүдэржилт болон чулуулгийн төрлөөс хамаарч) зарим нэг жижиг, хүдэржилтийн дараа үеийн чулуулаг болон хүдэржилтгүй боржинг алгассан, 1 эсвэл 2 метрийн интервалтайгаар, цооногийг бүтнээр нь хамарсан дээжлэлтээс бүрддэг. Дээжлэлтийн интервалыг чөмгөн дээжний гүний метр дээр үндэслэдэг ба геологийн хяналт эсвэл хүдэржилтээс хамаардаггүй болно. Бүх дээжийг чөмгөн дээжний гүний метр дээр үндэслэн алмазан хөрөөгөөр 2 тэнцүү хуваадаг. Хуваагдсан дээжийн талыг дээжний уутанд ялган авч дээжилдэг бөгөөд үлдсэн талыг нь дээжний хайрцганд үлдээн Компанийн Баян Хөндий дэх хээрийн ангид аюулгүй байдлыг ханган хадгалдаг. Бүх дээжийг нэг багцандаа 30 дээж байхаар хуваарилдаг ба багц болгонд стандарт бэлдэц, хүдэржилтгүй бэлдэц, лабораторийн хуулбар болон хээрийн хуулбар дээж буюу дээжийг 4 хуваан, 2-ыг нь 2 тусад нь дээжлэн хийж Улаанбаатар дахь Эс Жи Эс (“SGS”) лаборатори руу шууд тээвэрлэдэг. Тээвэрлэлтийг Эрдэнэ Ресурсийн ложистикийн гэрээт компани Монруд ХХК гүйцэтгэдэг.
Reported intervals are apparent thicknesses, i.e. downhole widths. The current Ulaan drill holes are all dipping at 85 degrees and oriented to intersect SW dipping WNW trending gold bearing veins. Additional study is required to confirm true widths. Reported grades for intervals are weighted averages based on length of sampling intervals. No top cut has been applied; however, all intervals greater than 10 g/t gold and 100 g/t gold are reported individually for clarity
Урьдчилсан таамаглал
Зарим мэдээллүүд нь Үнэт цаасны хуулийн хүрээнд урьдчилсан таамаглалуудыг агуулсан болохыг үүгээр мэдэгдэж байна. Урьдчилсан таамаглал нь урьд болж байсан болон ирээдүйд болох бодит баримт биш ба зѳвхѳн ирээдүйн тѳлѳвлѳгѳѳ, стратеги, тѳсѳл, нѳхцѳл байдалд тулгуурласан үзэл баримтлал, магадлал болон таамаглал болно. Энэхүү таамаглалууд нь тодорхой үндэслэлд тулгуурласан боловч баталгаа биш юм. Компанийн үйл ажиллагаа нь олон хүчин зүйлээс шалтгаалах бѳгѳѳд зарим хүчин зүйлс нь Компанийн хяналтаас давсан байх магадлалтай ирээдүйд учирч болох хүчин зүйлс юм. Материаллаг ѳѳрчлѳлт үзүүлэх боломжтой хүчин зүйлсэд эрдсийн зах зээлийн үнэ, хайгуулын үр дүнгүүд, бизнесийн болон зах зээлийн орчин, эдийн засгийн байдал болон санхүүжилт, хѳрѳнгѳ босголт зэрэг орно. Дээр дурдсан мэдээллүүд нь ирээдүйд ѳѳрчлѳгдѳн хувирах магадлалтай. Компани нь Үнэт цаасны хуульд ѳѳрѳѳр заагаагүй тохиолдолд Урьдчилсан таамаглалыг ѳѳрчлѳн, шинэчлэх үүрэг хүлээхгүй. Орчуулга: Энэхүү хэвлэлийн мэдээ нь англи хэл дээр бэлтгэгдсэн хэвлэлийн мэдээний орчуулга болно. Англи, монгол хувилбаруудын хооронд зѳрүү эсвэл зѳрчилдѳх зүйл гарвал англи хэл дээрх хувийг мѳрдѳнѳ
ЭНЭХҮҮ МЭДЭЭЛЛИЙГ ОЛОН НИЙТЭД ТАНИЛЦУУЛАХАД ЯМАРВАА НЭГЭН ЗАСАГ ЗАХИРГААНЫ БАЙГУУЛЛАГА ЗӨВШӨӨРСӨН, ҮЛ ЗӨВШӨӨРСӨН МЭДЭГДЭЛ ХИЙГЭЭГҮЙ.
Холбоо барих
Петер К. Акерли, Ерѳнхийлѳгч болон гүйцэтгэх захирал
Роберт Женкинс, Санхүү хариуцсан захирал
Утас: (902) 423-6419
И-мэйл: [email protected]
Twitter: https://twitter.com/ErdeneRes
Facebook: https://www.facebook.com/ErdeneResource
LinkedIn: https://www.linkedin.com/company/erdene-resource-development-corp-/
1 For details of the Mineral Resources see Erdene’s Q2/2021 results press release, dated August 16, 2021, and the Company’s Q2 2021 MD&A, available on the Company’s website or SEDAR.
2 M&I: 232,700 ounces of 2.39 g/t gold Measured and 352,400 ounces of 2.08 g/t gold Indicated
3 P&P: 165,000 ounces of 4.4 g/t gold Proven and 256,000 ounces of 3.4 g/t gold Probable; For details of the Mineral Reserves see Khundii Gold Project NI 43-101 Technical Report, Tetra Tech December 4, 2019 available on the Company’s website or SEDAR