Erdene Resource Development Corp. announced results for nine diamond drill holes from the company's step-out drilling program at its 100%-owned Bayan Khundii Gold Project in southwest Mongolia. The company completed eight diamond drill holes, totaling 1,370 metres, in a new target area now called the Midfield Zone, north of the original discovery area, and one hole, 125 metres deep, to the west (BKD-93). The eight holes were drilled on 40-metre centers surrounding the successful step-out hole BKD-60, announced in October 2016, which returned 68 metres of 2.0 g/t gold. Drill holes were orientated at either 45 degrees or 60 degrees towards the north-northeast to intersect the mineralized zones approximately perpendicular to their interpreted orientation (dipping approximately 45 degrees to the southwest). All holes intersected gold mineralization with visible gold observed in six of the eight holes, establishing lateral continuity of this new mineralized zone in all directions. The drilling results for Midfield are significant in that they have extended the area of gold mineralization under the younger cover while providing some of the high grades and long mineralized intervals intersected to date. Midfield is located approximately 200 metres north of the original discovery area that includes the Striker and Gold Hill zones where gold mineralization is exposed at surface. The Striker and Gold Hill zones form the southwest portion of a 1.7 kilometre by 500 metre target area and have been the focus of the majority of the company's drill programs to date. A second, exposed mineralized zone is located 700 metres to the northeast where limited exploration has been completed (Northeast Zone), with the area between being covered by younger Cretaceous (post mineralization) units.