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erdene resource development (ERD) Snapshot

Open
C$0.13
Previous Close
C$0.14
Day High
C$0.14
Day Low
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52 Week High
03/3/14 - C$0.26
52 Week Low
10/24/13 - C$0.07
Market Cap
10.5M
Average Volume 10 Days
10.4K
EPS TTM
C$-0.04
Shares Outstanding
75.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ERDENE RESOURCE DEVELOPMENT (ERD)

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erdene resource development (ERD) Details

Erdene Resource Development Corporation acquires, explores for, and develops mineral deposits. The company explores for copper, molybdenum, gold, silver, lead, zinc, and base metal deposits. Its principal projects include the Zuun Mod molybdenum-copper project consisting of 2 contiguous mining licenses that covers an area of approximately 6,399 hectares, located in Bayankhongor Province, Mongolia; and the Altan Nar gold project located in southwestern Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.

Founded in 2000

erdene resource development (ERD) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: C$144.6K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$59.1K
Compensation as of Fiscal Year 2013.

erdene resource development (ERD) Key Developments

Erdene Resource Development Corp. Provides Exploration Update

Erdene Resource Development Corp. provided an update on the company's principal metals projects in Mongolia and a corporate review. Diamond drilling during the company's second quarter of 2014 exploration program on the Altan Nar Gold Base Metal Project, located in southwest Mongolia, provided the widest zones of high-grade mineralization to date for the project's two most advanced mineralized zones; the Discovery Zone, with 19 m of 5.8 g/t gold, 37 g/t silver and 2.6% combined lead-zinc; and Union North, located 2.1 km northwest of the Discovery Zone, with 12 m of 4.0 g/t gold, 10 g/t silver and 2.5% combined lead-zinc. The exploration program also established lateral and vertical continuity of those zones, which remain open in all directions, and expanded the known size of the 5.6 km long Altan Nar trend. The combination of detailed surface mapping, geochemical analysis of soil and rock samples, along with IP and magnetic geophysical surveys, has resulted in the identification of 20 highly prospective targets within the Altan Nar license, 18 of which are within the Altan Nar main trend. With the exception of the Discovery Zone and Union North these targets remain relatively un-tested, and thus have the potential to significantly expand the areas of known gold and base metal mineralization at Altan Nar with further trenching and drilling. The company's near-term objective is to establish initial, independently reported, near surface, high-grade, open pitable resources at both the Discovery Zone and Union North in late 2014/early 2015. Simultaneously, the company expects to complete additional evaluation of the remaining targets to assist in determining the higher priority areas and assessing potential additional near surface resources. Plans include trenching, commencing in September 2014, to evaluate new target areas, improve drill targeting and increase confidence for resource estimation at both the Discovery Zone and Union North. This program would be followed by resource definition drilling in fourth quarter of 2014. During these programs, trenching and reconnaissance drilling to further evaluate and prioritize remaining targets will be completed. Teck Alliance: The company continues to be active through the Teck Alliance in assessing the porphyry copper potential of the Khuvyn Khar Copper Project and assessing regional opportunities through the Alliance's area of interest, particularly now that the Mongolian licensing system is about to re-open. During second quarter of 2014, work on the Khuvyn Khar Copper Project included field evaluation of seven porphyry copper drill targets identified during the 2013 program and geophysical characterization studies of drill core to provide further definition and confidence in the modeling of potential mineralization at Khuvyn Khar. This work has resulted in the identification of new, partially buried targets at Khuvyn Khar which are the subject of a large trenching program that commenced August 18, 2014. The ongoing exploration program continues to confirm the potential for copper porphyry style mineralization within the Khuvyn Khar target area.

Erdene Resource Development Corporation Presents at 2014 Precious Metals Summit Colorado, Sep-11-2014 08:00 AM

Erdene Resource Development Corporation Presents at 2014 Precious Metals Summit Colorado, Sep-11-2014 08:00 AM. Venue: Park Hyatt Beaver Creek, 136 East Thomas Place, Beaver Creek, Colorado, United States. Speakers: Peter C. Akerley, Chief Executive Officer, President, Executive Director, Member of Pre-Clearance Committee and Member of Technical Committee.

Erdene Resource Development Corporation Provides Second Quarter Altan Nar Gold-Polymetallic Project Final Drilling Results

Erdene Resource Development Corporation provided final drilling results for its second quarter exploration program at the company's wholly-owned Altan Nar gold-polymetallic project in southwest Mongolia. Final assays for seven drill holes and four drill-hole-extensions (totaling 834 m) were recently received and demonstrate the continuity of the high-grade gold mineralization at Altan Nar. The second quarter exploration program was the most successful to date with the discovery of a high-grade zone at DZ North and establishing continuity of the mineralized system at Union North. Other prospects tested included Union South and Maggie, where initial holes confirmed continuity of mineralization. Discovery Zone, the second quarter drilling program included a new hole in the southern portion of DZ North (TND-65), and extensions of three previously drilled holes (TND-17, -50 and -53) that tested mineralization at depth at the northern end of DZ North. Hole TND-65 was drilled under trench ANT-26 which returned 44 m of 1.1 g/t gold including 11 m of 3.0 g/t gold. The intersection in TND-65 suggests increasing grade at depth with an intersection of 32 m averaging 3.6 g/t gold including 19 m of 5.8 g/t gold at approximately 60 m vertical depth. A parallel mineralized zone was intersected near surface in TND-65 including 5 m of 2.2 g/t gold. The high-grade intersection in TND-65 also improves continuity of mineralization between DZ South and DZ North. Total combined strike length for the DZ has now been extended to 450 m. Holes TND-50 and TND-17 are located at the northernmost portion of the DZ where a very wide mineralized zone was intersected; 123 m averaging 0.5 g/t gold with multiple higher-grade zones. Additionally, the deepest mineralized intersection within the DZ was extended in TND-58 with a zone of 6 m of 4.7 g/t gold at an approximate vertical depth of 235 m. Drilling at Union North included four new holes and one hole extension. Continuity of mineralization at depth was established with all new holes intersecting gold mineralization, including two holes within the center of the zone that returned between 22 m and 24 m of 2.1 g/t gold within 70 m of surface. Drilling at Union South (TND-63) established continuity of mineralization from the trench on surface to a vertical depth of approximately 50 m. A single drill hole at the Maggie prospect (TND-64) intersected a narrower zone of mineralization than observed in the surface trench where it has been displaced by a post-mineral dyke.

 

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