Erdene features key setting nod, begins early work at Bayan Khundii

In 2020, Erdene produced a bankable feasibility examine for the undertaking that gave it a internet current worth at a reduction fee of 5% of US$100 million and an inside fee of return of 42%, each after taxes. An open pit mine is predicted to supply 382,700 oz. of gold in the course of the eight-year first section of operation at an all-in sustaining value of US$733/oz. of gold. At a gold value of US$1,400/oz., the undertaking would pay for itself in lower than two years.

Assets at Bayan Khundii are 8.3 million measured and indicated tonnes grading 2.19 g/t gold for 585,000 contained ounces. The inferred useful resource is 500,000 tonnes at 2.18 g/t gold for 36,000 contained ounces.

In August, Erdene introduced a brand new gold discovery about 300 metres west of the Bayan Khundii deposit. Drilling has continued to broaden this discovery with the perfect gap being UDH-22 that returned 77 metres of three.2 g/t gold and 71 metres of 0.8 g/t gold, together with 27 metres at 8.7 g/t, and inside that intersection 1 metre of 156.5 g/t gold.

Comply with-up drilling on the Darkish Horse Mane goal 2.4 km north of Bayan Khundii has confirmed a high-grade oxide gold zone beginning on the floor and open alongside strike and at depth. The very best assays got here from gap ADD-146 with 17 metres grading 16.7 /t gold, together with 8 metres of 33.5 g/t gold.

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Written by colin


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