Erdene Resource Development Corporation (ERDN) announced initial results from the first phase of its 2022 drill program at Ulaan Southeast (“Ulaan SE”), located 300 metres west of the Bayan Khundii Gold deposit in southwest Mongolia. The objective of this phase of the program has been met with the confirmation of the continuity of an interpreted high-grade gold-bearing “feeder” structure at the northern end of the Ulaan SE discovery, and expansion of the discovery to the west and at depth.

Testing of the conceptual “feeder” structure in the northern portion of Ulaan SE returned the highest average grade intersection to date at Ulaan SE. In addition, 3 metres of 68.3 g/t gold within 41 metres of 8.1 g/t gold (UDH-35), along with the highest silver grades encountered at Ulaan SE, up to 133g/t over 1 metre.

South of the interpreted “feeder” zone, UDH-36 confirmed continuity of the thick gold mineralized zones established in multiple holes within the Ulaan SE discovery.

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