Erdene Reports Q3 Financial Results

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Tue, Nov 18, 2008

Moly Company News
Post by Melissa Pistilli, Moly Reporter

Erdene Resource Development Corp. provided an update on the company’s principal projects in conjunction with the release of its Q3 results. The company reported that Resource delineation drilling was completed at the Zuun Mod molybdenum project and also announced extension of mineralization.

Peter Akerley, President and CEO, said:

The past several weeks have been one of the most turbulent times in the history of capital markets. Until we gain some clarity in regards to this near term outlook our company will be balancing the current economic conditions with our long term outlook and strategy.

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