Overview
Khuvyn Khar Copper-Silver Prospect: The 100%-owned Khuvyn Khar copper-silver prospect is located on the Zuun Mod property, approximately 2.2 kilometers northwest of the Zuun Mod molybdenum-copper porphyry deposit. Exploration work at Khuvyn Khar has included geological mapping, vein density mapping, geochemical sampling, geophysical surveys, and wide-spaced drilling. Erdene carried out drilling to test a geophysical target and intersected 34 meters of 1.3% copper and 9.2 g/t silver from 308 to 342 meters (hole ZMD-121). Additional drilling on the Khuvyn Khar prospect has defined an extensive copper mineralized zone trending over 900 meters with multiple zones in three drill holes returning assays above 0.2% copper over significant widths (12 to 42 meters).
The previous exploration programs have confirmed the potential for porphyry-style copper mineralization within the Khuvyn Khar target area.
Erdene will continue to complete necessary work on the Zuun Mod molybdenum-copper deposit and Khuvyn Khar copper-silver project, to keep the mining license in good standing, including annual license payments, ongoing environmental review requirements and community development work.
Peter Dalton, P.Geo. (Nova Scotia), Senior Geologist, Erdene Resource Development Corporation, is a Qualified Person within the meaning of National Instrument 43-101 and has reviewed and approved the scientific and technical information contained herein.