Erdene Resource Development Builds Multi-Commodity District in Mongolia
Erdene Resource Development is advancing a high-grade gold mine within a previously unexplored district in Mongolia, offering exposure to both near-term development and longer-term exploration upside.
High-grade gold production supports exploration and future project development.
Erdene Resource Development is advancing a high-grade gold mine within a previously unexplored district in Mongolia, offering exposure to both near-term development and longer-term exploration upside.
The company operates as a first mover in the region and is partnered with one of Mongolia’s largest business groups. The district hosts potential for multiple commodities, including gold, copper, molybdenum and silver.
The initial focus is on a high-grade gold deposit, which the company expects to use as a foundation for future growth. Surrounding prospects include a large copper-molybdenum porphyry system that Erdene plans to advance through ongoing exploration and technical studies.
Erdene is also progressing studies on its molybdenum-copper project, with the intention of unlocking additional value supported by cash flow from its gold operations.
For more information on Erdene Resource Development (TSX: ERD, OTC: ERDCD) please click the request investor info button.
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