Erdene Resource Development Corp CEO Peter Akerley recently provided an update on the advancements made at the Bayan Khundii Gold Project, highlighting significant milestones and achievements.
The construction at the Bayan Khundii Gold Project is progressing well, with early works and site establishment activities nearing 80% completion. This encompasses the installation of temporary facilities, aggregate production, construction of temporary site roads, and the initiation of process plant civil works.
Akerley emphasized that the project has successfully expanded its workforce, with approximately 330 employees and contractors on site as of September. This augmentation of manpower is crucial for the efficient execution of the project.
The remaining detailed design and shop fabrication drawings are progressing as planned, with substantial completion anticipated in the first quarter of 2024. This exemplifies the project’s adherence to its timeline.
The CEO reported that orders for long lead and critical equipment are on track, with the first deliveries scheduled for late Q4 2023. This ensures the timely availability of essential equipment to support the project’s development.
Erdene Resource Development Corp continues to fulfill its commitments to the community and stakeholders. This includes repairing and upgrading approximately 30 kilometers of off-site roads and providing mine equipment operator training to residents of Bayankhongor province. Notably, a significant number of trainees have secured full-time operator employment, underscoring the company’s dedication to local empowerment.
The company has also made notable progress with its gold exploration program at the Greater Dark Horse prospect. Drilling has revealed anomalous gold and/or indicator elements in 16 out of 18 holes, showcasing the prospect’s substantial mineralization potential.
Furthermore, an IP survey encompassing a 9-square-kilometer area has identified several targets for further exploration. A trenching program conducted near the surface has yielded anomalous mineralization in multiple areas, further highlighting the prospect’s promising prospects for future development.