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Stocks in play: Erdene Resource Development Corporation

Baystreet.ca
·1 min read

Announced drilling results from the Midfield Southeast zone of the Company’s 100%-owned Bayan Khundii Gold Project. Discovered very high-grade gold zone at surface, southeast of the main Midfield orebody: Intersected 5.5 metres of 125.9 g/t, including 1 metre of 581.6 g/t gold, in BKD-288, beginning 11.5 metres down hole; Drilled 15 metres of 25.6 g/t including 1 metre of 338 g/t gold beginning at 14.9 metres in BKD-274, 40 metres north of BKD-288; Intersected anomalous gold mineralization in 16 of 18 holes, all within 25 metres from the surface Erdene Resource Development Corporation shares T.ERD are trading up $0.095 at $0.53.

Read: The Top Reasons Gold Prices are Set to Move Higher