Overview
The Bayan Khundii Gold Deposit is located in southwestern Mongolia, within the Khundii Minerals District, approximately 16 kilometers south of the Company’s Altan Nar deposit. In August of 2019, Erdene secured a mining license for Bayan Khundii from the Mineral Resource and Petroleum Authority of Mongolia (“MRPAM”). The Bayan Khundii mining license covers 2,309 hectares and, in addition to the Bayan Khundii high-grade gold deposit, includes Erdene’s highly prospective 20km2 Greater Dark Horse prospect area, including the Dark Horse Mane high-grade gold discovery. The mining license is valid for an initial term of 30 year with the ability to extend to 70 years.
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.