Key facts
| Company | Erdene Resource Development (TSX: ERD) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Resource definition |
About Altan Nar
Altan Nar is a gold-polymetallic project,located 16 km north of the Company’s Bayan Khundii gold deposit. In March 2020, Erdene secured a mining license for Altan Nar from the Mineral Resource and Petroleum Authority of Mongolia (“MRPAM”). The Altan Nar mining license covers 4,669 hectares and, in addition to the Altan Nar gold-polymetallic deposit, includes Erdene’s Oyut Khundi copper prospect and Nomin Tal copper-gold prospect. The mining license is valid for an initial term of 30 years with the ability to extend to 70 years.
Mineral resource estimates
2 reported estimates, newest first. Categories are as disclosed by Erdene Resource Development; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Ag g/t | Ag oz | Effective |
|---|---|---|---|---|---|---|
| IndicatedNI 43-101 | 5.0 Mt | 2.00 g/t | 318 koz | 14.8 g/t | 2.35 Moz | May 7, 2018 |
| InferredNI 43-101 | 3.4 Mt | 1.70 g/t | 186 koz | 7.90 g/t | 866 koz | May 7, 2018 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.