News Bureau

Made solid progress advancing Bayan Khundii

Erdene Resource Development Corporation announced operating and financial results for the three months ended March 31, 2022 and to provide an update on its Khundii Gold District, including its Bayan Khundii Gold Project.

“During the first quarter of 2022, we made further progress on our objectives of expanding the Khundii Gold District, while progressing the Bayan Khundii Gold Project towards development,” said Peter Akerley, Erdene’s President and CEO.

“We’ve recently launched the first phase of our 2022 drill program, which will follow up on our 2021 discoveries at the Dark Horse Mane and Ulaan Southeast prospects. These discoveries support Erdene’s thesis that our Khundii District trend has the potential to host a multimillion-ounce gold deposit, which could significantly increase gold production from the Bayan Khundii Gold Project.”

“We also made solid progress advancing Bayan Khundii towards a construction decision, despite the continued impact of COVID-19,” continued Akerley. “Engineering and design work is largely complete and procurement is well advanced in advance of a construction decision. We’ve also begun conceptual design work to determine the potential impact of a scale up in production in advance of the commencement of full construction.”  

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