“There’s a new thing I don’t know much about, a discovery by Erdene in Mongolia,” Cook said on his way to the Erdene booth to look over drillcore from Erdene’s latest gold discovery in Mongolia, the Bayan Khundii gold project. “Really interesting results. I’m going to learn what I can.” Erdene President and CEO Peter… Continue Reading
Deep below the surface of Mongolia’s southern Gobi desert, men and machinery are laying the foundation for a mining enterprise that will drive the country’s economy for decades to come. Shaft 2 at Oyu Tolgoi’s underground mine expansion is 1.3 kilometres deep and will provide access to some of the largest stores of copper and… Continue Reading
Erdene Resource Development is out with results from 6 of 15 holes recently drilled as part of a maiden 695-metre program at the Bayan Khundii gold discovery in southwest Mongolia, and they look good. The program identified five zones of near-surface high-grade gold mineralization that are open along strike and at depth. Five of the… Continue Reading
NovaCopper (NCQ-T) Alaska copper-zinc developer NovaCopper has more rich intercepts to add to the resource at its Arctic deposit in Alaska’s Ambler mining district. The 14-hole diamond drill program, which yielded 3,056 metres of core, was designed to test the continuity of mineralization as well as upgrade resources from inferred to measured and indicated categories… Continue Reading
With economic weakness in the U.S. pushing a likely rate hike out to next year (at the earliest), gold continues to show signs of life. The yellow metal was last closing in on US$1,190 an ounce after trading as low as $1,080 in July. It also didn’t hurt that Paul Singer of Elliott Management… Continue Reading
Erdene Resource Development Price: 0.15 Market capitalization: $14.5 million Peter Akerley, the CEO of Erdene Resource Development (ERD-T), first set foot in Mongolia 18 years ago. At the time, few westerners had. The geologist, then 33, was working for a group that included a Barrick Gold joint venture and had managed to lock up 4… Continue Reading
Mongolia gold play Erdene Resource Development Corp. has announced the discovery of bonanza-grade gold in rock chip and grab samples south of its flagship Altan Nar project. Highlights at the new discovery, Bayan Khundii (Rich Valley), include: Multiple high-grade rock chip samples (4 to 4,380 g/t gold) collected from multiple mineralized zones over a 1.4… Continue Reading
