Erdene’s Emerging Gold District
Erdene’s deposits are located in the Edren Terrane, within the Central Asian Orogenic Belt, host to some of the world’s largest gold and copper-gold deposits. Although epithermal gold and porphyry copper-gold deposits are well documented across the border in China and along the Belt’s westward trend, exploration in Mongolia was limited until the mid-1990’s, when the country returned to democracy and opened its’ doors to foreign exploration. Exploration since that time in southeast Mongolia led to the discovery of the world-class Oyu Tolgoi gold-copper deposit. Erdene has been the leader in exploration in Mongolia’s southwest over the past decade and is responsible for the discovery of the Khundii Gold District. The Khundii Gold District is comprised of multiple high- grade gold and base metal prospects, two of which are being considered for development: Bayan Khundii and Altan Nar. In addition, the company discovered and defined a large molybdenum-copper resource on the 100% owned, Zuun Mod project, 40 kilometres to the east.
Over the past two years, drilling at the Altan Nar and Bayan Khundii projects (16 km apart and collectively referred to as the Khundii Gold Project) has revealed very high gold grades, including intercepts up to 2,200 g/t gold over 1 metre within 14 metres of 158 g/t gold at Bayan Khundii, and intercepts up to 101 g/t gold over 1 metre within 20 metres of 10.3 g/t gold at Altan Nar. Outside of these two deposits, the Company continues its regional, district-scale exploration program. The broader district, although still in its infancy, hosts the full spectrum of arc-related base and precious metal systems, including copper-gold porphyries, intermediate sulphidation / carbonate base metal gold deposits, and low sulphidation epithermal gold and gold-silver systems.
Technical ReportsFeb 4, 2019NI 43-101 Technical Report for the Preliminary Economic Assessment of the Khundii Gold Project