Erdene Resources (TSE:ERD) has released an update.
Erdene Resource Development Corporation announced promising drill results from their Bayan Khundii gold project, revealing potential for resource expansion and pit extension. The drilling program, conducted in partnership with Mongolian Mining Corporation, intersected gold mineralization in all tested areas, indicating significant growth opportunities. The project is on track to produce its first gold by mid-2025.
For further insights into TSE:ERD stock, check out TipRanks’ Stock Analysis page.