Erdene Announces Conference Call to Discuss Details of the Khundii Gold Project Preliminary Economic Assessment
Erdene Announces Conference Call to Discuss Details of the Khundii
Gold Project Preliminary Economic Assessment
Halifax, Nova Scotia – December 17, 2018 - Erdene Resource Development Corp.
(TSX:ERD) ("Erdene" or "Company"), will be hosting a conference call to review the results
of a Preliminary Economic Assessment (“PEA”) study for its 100%-owned Khundii Gold
Project, to be announced tomorrow. The conference call is scheduled for 10:00 am EST on
Tuesday, December 18 , 2018. Those wishing to join the call can do so using the telephone
numbers listed below. The call will subsequently be made available on the Company’s website at
www.erdene.com.
Conference call date: Tuesday, December 18, 2018 at 10:00 am EST
Toll-free number (Canada/US): 1-800-585-8367
Local dial-in number: 416-621-4642
United Kingdom dial-in number: 0-800-051-7107
Australia dial-in number: 0283798020
Hong Kong dial-in number: 58030358
Passcode: 9394605
About Erdene
Erdene Resource Development Corp. is a Canada -based resource company focused on the
acquisition, exp loration, and development of precious and base metals in underexplored and
highly prospective Mongolia. Over the past two years, drilling at Erdene’s Bayan Khundii and
Altan Nar gold projects, collectively referred to as the Khundii Gold Project, has reve aled
shallow, very high gold grades, including intercepts up to 2,200 g/t gold over 1 metre within 14
metres of 158 g/t gold at Bayan Khundii, and intercepts up to 101 g/t gold over 1 metre within 20
metres of 10.3 g/t gold at Altan Nar. These two deposit s, which are the focus of the PEA study,
currently host a near-surface, high-grade mineral resource of 642,000 ounces gold at 3.7 g/t gold
in Measured and Indicated, and 250,000 ounces gold at 2.3 g/t in Inferred, at a 1.4 g/t gold cut -
off.
Erdene Resource Development Corp. is listed on the Toronto (TSX:ERD) and Mongolia stock
exchanges (MSE:ERDN). Further information is available at www.erdene.com. Important
information may be disseminated exclusively via the website; investors should consult the site to
access this information.
Forward-Looking Statements
Certain information regarding Erdene contained herein may constitute forward -looking
statements within the meaning of applicable securities laws. Forward -looking statements may
include estimates, plans, expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Although Erdene believes that the expectations
reflected in such forward -looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Erdene cautions that actual performance will be
affected by a number of factors, most of which are beyond its control, and that future events and
results may vary substantially from what Erdene currently foresees . Factors that could cause
actual results to differ materially from those in forward -looking statements include market
prices, exploitation and exploration results, continued availability of capital and financing and
general economic, market or business co nditions. The forward-looking statements are expressly
qualified in their entirety by this cautionary statement. The information contained herein is stated
as of the current date and is subject to change after that date. The Company does not assume the
obligation to revise or update these forward-looking statements, except as may be required under
applicable securities laws.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE
CONTENTS OF THIS RELEASE
Erdene Contact Information
Peter C. Akerley, President and CEO, or
Ken W. MacDonald, Vice President and CFO
Phone: (902) 423-6419
E-mail: [email protected]
Website: www.erdene.com
Twitter: https://twitter.com/ErdeneRes