Central Asian Orogenic Belt

Arras Minerals Acquires Five New Mineral Exploration Licences Increasing Its Total Land Package in Northeastern Kazakhstan by 70%

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Wednesday, July 27, 2022
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VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (Arras or the Company) is pleased to announce the acquisition of five mineral exploration licences.

Key Points: 
  • VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (Arras or the Company) is pleased to announce the acquisition of five mineral exploration licences.
  • A total of five new mineral exploration licenses (namely, Maisor, Aktasty, Elemes, Norgubek, and Akkuduk) totaling 2,122 sq km have been granted by the Ministry of Industry and Innovational Development, Government of Kazakhstan, increasing the Companys total land package in northeastern Kazakhstan by 70% to 3,028 sq km.
  • All licenses are located within a 120 km radius of Arras' operational base in the city of Ekibastuz, Pavlodar facilitating cost-effective exploration.
  • Arras mineral exploration licences in northeastern Kazakhstan.

Erdene Intercepts 123.5 g/t Gold Over 5 Metres Within 15 Metres of 42.8 g/t Gold at Dark Horse Gold Prospect

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Tuesday, February 8, 2022
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Erdene discovered Dark Horse Mane, 2.4 kilometres north of the Bayan Khundii deposit, when initial drilling, reported in early 2021, returned 5.97 g/t gold over 45 metres, beginning 10 metres downhole, including 8 metres of 27.1 g/t gold (AAD-58).

Key Points: 
  • Erdene discovered Dark Horse Mane, 2.4 kilometres north of the Bayan Khundii deposit, when initial drilling, reported in early 2021, returned 5.97 g/t gold over 45 metres, beginning 10 metres downhole, including 8 metres of 27.1 g/t gold (AAD-58).
  • Gold mineralization is hosted within strongly altered tuffaceous and volcanoclastic rocks, cross-cut by quartz and quartz-hematite veins and stockwork zones.
  • The Company is carrying out a data compilation, interpretation and drill hole targeting exercise for the broader Dark Horse prospect area.
  • This work will focus on gold anomalism, identifying feeder structures, shallow oxide gold mineralization, similar to Dark Horse Mane, and the potential for deeper zones of gold mineralization.

Erdene Extends Ulaan Gold Discovery and Plans 2022 Exploration Program; Intersects 24 Metres of 2.22 g/t Gold, Including One Metre of 27.39 g/t Gold

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Wednesday, January 26, 2022
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Continued exploration is required to confirm anisotropy of mineralization and true thicknesses

Key Points: 
  • Continued exploration is required to confirm anisotropy of mineralization and true thicknesses
    Results to date have confirmed a significant gold discovery at Ulaan Southeast.
  • Multiple drill holes have returned hundreds of metres (up to 354 metres) of gold mineralization, often ending in mineralization, over an area 200 metres by 250 metres.
  • Also observed are tourmaline shingle and crackle breccias anomalous in gold and copper indicating an active intrusive environment.
  • The Company is currently reviewing exploration results, with the assistance of technical experts, to develop a comprehensive exploration plan for 2022.

Erdene Receives Tax Stabilization Certificate for Bayan Khundii Gold Project

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Monday, January 10, 2022
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HALIFAX, Nova Scotia, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (Erdene or the Company) is pleased to announce that it has received a Tax Stabilization Certificate for the Bayan Khundii Gold Project from the Mongolian Governments National Development Agency (NDA), effective December 21, 2021.

Key Points: 
  • HALIFAX, Nova Scotia, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (Erdene or the Company) is pleased to announce that it has received a Tax Stabilization Certificate for the Bayan Khundii Gold Project from the Mongolian Governments National Development Agency (NDA), effective December 21, 2021.
  • We are very pleased to receive a Tax Stabilization Certificate which protects the Bayan Khundii Gold Projects economics from potential statutory tax or royalty increases, said Peter Akerley, Erdenes President and CEO.
  • The Bayan Khundii Gold Resource1 includes 521,000 ounces of 3.16 g/t gold Measured and Indicated (M&I) and 103,000 ounces of Inferred resources at 3.68 g/t gold.
  • In July 2020, Erdene announced the results of an independent Feasibility Study for the Bayan Khundii Gold Project ( press release here ).

Erdene Receives Significant Environmental Approval for Bayan Khundii Gold Project and Commences Early Works

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Tuesday, December 7, 2021
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Additionally, exploration continues at the Ulaan and Dark Horse prospects adjacent the Bayan Khundii Gold Project.

Key Points: 
  • Additionally, exploration continues at the Ulaan and Dark Horse prospects adjacent the Bayan Khundii Gold Project.
  • These new discoveries, as well as a multitude of prospects on license, have the potential to meaningfully add to the economics of the Bayan Khundii Gold Project.
  • The Bayan Khundii Gold Resource1 includes 521,000 ounces of 3.16 g/t gold Measured and Indicated (M&I) and 103,000 ounces of Inferred resources at 3.68 g/t gold.
  • In July 2020, Erdene announced the results of an independent Feasibility Study for the Bayan Khundii Gold Project ( press release here ).

Erdene Intersects 33.5 g/t Gold Over 8 Metres Near Surface at Dark Horse Mane Discovery

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Wednesday, November 17, 2021
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These results demonstrate the potential for additional gold mineralization at depth, down plunge from the mineralization identified near surface.

Key Points: 
  • These results demonstrate the potential for additional gold mineralization at depth, down plunge from the mineralization identified near surface.
  • In the northern portion of Dark Horse Mane, 12 new holes intersected low to moderate oxide gold grades, with evidence of bifurcation or parallel gold zones (example AAD-166).
  • Erdene discovered Dark Horse Mane, 2.4 km north of the Bayan Khundii deposit, when initial drilling, reported in early 2021, returned 5.97 g/t gold over 45 metres, beginning 10 metres downhole, including 8 metres of 27.1 g/t gold (AAD-58).
  • This discovery established Dark Horse as the most significant area of gold mineralization in Erdenes Khundii Gold District since the discovery of the Bayan Khundii gold deposit.

Erdene Continues to Expand New Ulaan Gold Discovery

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Wednesday, October 20, 2021
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The Ulaan exploration license and adjoining Khundii mining license cover nearly 4,000 hectares of the Khundii-Ulaan hydrothermal alteration zone, which extends from Ulaan over 10 kilometres to the northeast.

Key Points: 
  • The Ulaan exploration license and adjoining Khundii mining license cover nearly 4,000 hectares of the Khundii-Ulaan hydrothermal alteration zone, which extends from Ulaan over 10 kilometres to the northeast.
  • The Bayan Khundii Gold Resource1 includes 585,100 ounces of 2.19 g/t gold Measured and Indicated (M&I)2 and 35,900 ounces of Inferred resources at 2.18 g/t gold.
  • In July 2020, Erdene announced the results of an independent Feasibility Study for the Bayan Khundii Gold Project ( press release here ).
  • The current Ulaan drill holes are all dipping at 85 degrees and oriented to intersect SW dipping WNW trending gold bearing veins.