Source: MarketWatch                      Date: 14 September, 2011

Erdene Resource Development discovered gold deposits on it Tsenkher Nomin property in southwest Mongolia. Drilling began on 5 September to better explore the site's mineral composition. After initial exploration acts were made, the company identified two sites with quartz veins containing gold.

Tseknher Nomin is located in the south-west of Mongolia. Encouraging broad data at the site Nomin Tal drove geologists to closely examine the sites where gold was found. In addition to gold, the vein contained traces of copper and silver. Approximately 2.5 kilometer south-west from there at a site called Altan Nar, geologists found a second deposit of gold, silver, lead and zinc.

The 400-meter exploration site will be expanded with more careful analysis. The company expects to have continuous results throughout this month. Drilling has already begun at Nomin Nar and will begin at Altan Nar later this month.

Erdene Resource Development is a Canadian-based mixed resource firm with several projects in Mongolia.