Erdene is currently concentrating its exploration efforts in the Tsagaan Chuluut area of the property located four kilometres northwest of the EMC open pit. The first of two planned drill holes has been completed and Erdene will be drilling the second hole in the second quarter of 2009.
Erdenet is a highly prospective land package within a major copper porphyry district in northern Mongolia. Spanning 72 square-kilometres, the Erdenet property surrounds the Erdenet Mining Corporation copper/molybdenum mine, which is the second largest porphyry copper deposit in Central Asia and one of the largest in the world.
Erdene has carried out a staged exploration program for extensions of the copper-molybdenum mineralization on its Erdenet property. To date, the drilling results have indicated the extension of both near surface oxide and deeper sulfide porphyry copper mineralization.
