Erdene Resource Development Corporation

11:25 AM EST - Erdene Resource Development Corporation : Provided a drilling update for the Company’s 100%-owned Khundii Gold Project. Said CEO Peter Akerley, “The current drill program has confirmed continuity of a new near-surface gold zone, southeast of the main Midfield orebody, with multiple intersections containing visible gold. The success of this drilling program demonstrates the potential for isolated gold intersections adjacent to the existing reserves to be expanded, which could add very-high grade resources in the near-surface. Samples have been collected and shipped to SGS Laboratories for analysis, with results expected early in Q3. Results will be used to plan future drill programs.” Erdene Resource Development Corporation shares T.ERD are trading up $0.005 at $0.31.