CEO Clips - Erdene Resource Development Advances High-Grade Gold Project in Mongolia
First mover exploration strategy supports growth across a multi-commodity district.
Erdene Resource Development offers exposure to what the company describes as one of the highest grade new gold mines globally, located within a district in Mongolia that had not previously been explored.
The company is a first mover in the region and is advancing its projects alongside a major Mongolian business conglomerate. This partnership supports ongoing development while providing access to a district with potential for gold, copper, molybdenum and silver discoveries.
The first deposit brought forward is a high-grade gold mine, which is expected to support cash flow as the company continues to advance additional prospects across the district. These include targets associated with a large copper-molybdenum porphyry system.
At the same time, Erdene is moving into studies on its molybdenum-copper project, with the goal of unlocking broader district value using the cash flow generated from the initial gold operation.
For more information on Erdene Resource Development (TSX: ERD, OTC: ERDCD) please click the request investor info button.
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