Erdene hits gold and copper

Erdene Gold (ERD-V) has intersected significant gold and copper at its Khukh Bulag (Blue Springs) property in south-central Mongolia.

In total ten holes totaling 760 metres tested three known zones and three geophysical anomalies.

Drill results are highlighted by a 3-metre intersection that graded 25.2 grams gold per tonne and 1.55% copper. This intercept included a 1-metre intersection that graded 65.8 grams gold and 2.7% copper. This hole tested the North zone down-dip of mineralized trenches. Two other holes failed to intersect significant mineralization, although they hit skarn zones.

Drilling in the Central zone was highlighted by a 3-metre intersection that graded 6.29 grams gold and 1.14% copper. This included a 1-metre intercept grading 1.4% copper and 7.8 grams gold per tonne, as well as one metre that graded 9 grams gold and 0.87% copper. Another hole, down-dip of this, intersected one metre of 4.3 grams gold per tonne in a silicified zone.

North of the Central zone an area that contained mineralized float was drilled and failed to intersect significant mineralization.

One hole, drilled to test the South zone, was abandoned when it failed to penetrate a diabase dyke and the terrain was too steep to allow for a different drill set-up.

Drilling of magnetic geophysical anomaly targets intersected disseminated pyrrhotite. A chargeability anomaly was coincident with a highly fractured, sheared and altered diabase.

Mapping has located a new area of mineralization, 1.5 km north of the North zone. A composite grab sample assayed up to 10 grams gold per tonne and 1.5% copper.

Copper-gold mineralization is associated with garnet-pyroxene skarn and adjacent fracture-related zones within folded, altered limestone. The North and South zones are 900 metres apart and adjacent to a diabase-limestone contact. Granitic intrusions are also in the vicinity.

Blue Springs is one of several Erdene Mongolian properties. Further drill results are pending.