erdeneCanada’s Erdene Resource (TSX:ERD), one of the very few miners to never have encountered issues in Mongolia, unveiled Tuesday results for nine diamond drill holes from its step-out program at Bayan Khundii gold project, which shows a discovery made in October is larger than originally thought.

The project, now Erdene’s flagship venture, has grown to prominence in the past 18 months. The company has held a variety of mineral interests in Mongolia, but leaned towards gold once Bayan Khundii came into the picture.

The results show a new gold zone (Midfield) discovered in October under younger cover, includes some of the highest grades and the longest mineralized intervals intersected to date, the firm said.

Source:http://www.mining.com/