Erdene Trench Program Reports 'most Significant Discovery Since Oyu Tolgoi'

Canadian miner, Erdene Resource Development Corporation, reported it has received final assay results for its Q4 2013 trenching program at Altan Nar gold-polymetallic project in southwest Mongolia.

“We are extremely pleased with the results generated from this program. We have discovered multiple new zones, broad areas of mineralization, confirmed that the potential for new discoveries extends over the 5.5 km strike length, and have identified high-grade mineralized shoots,” said Peter Akerley, President and CEO of Erdene.

“There is little question that Altan Nar not only has the potential for multiple, bulk mineable open pits with high grade shoots, but now represents one of the most significant metal discoveries in Mongolia since Oyu Tolgoi in the mid-1990s. We will now accelerate our efforts for the 2014 exploration season and move this very exciting project towards early development.”

Trenching Program Highlights

-Union North results confirm minimum 150 m strike, open in both directions and centered on high grade mineralized shoots with up to 19 m of 8.9 g/t gold, 66 g/t silver, 7.7 percent lead and 2.5 percent zinc including 7m of 20.2 g/t gold, 138 g/t silver, 17 percent lead and five percent zinc.

-ANT-24 (Union South) returns 10 m of 4.5 g/t gold, 9 g/t silver, and 2.2 percent lead opening up greater than 500 m of strike length between the Union North and South Zones.

-Riverside results indicate intensifying mineralization in north with 14m of 1.4 g/t gold and potentially forming a structural intersection with Union North.

-Altan Nar now hosts five large, distinct, well mineralized structures in Union North andamp; South, Discovery Zone, Riverside, Maggie, Northbow and Southbow, with multiple areas requiring additional exploration.

Discussion of 2013 Altan Nar Trenching Program Results

This program met Erdene’s planned objectives, to further define the near-surface...