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Additional Information
Market: OTCBB
Sector: Platinum & Precious Metals
Epic: SDRG
News: Latest news
Web Site: Silver Dragon Resources
Other Articles: 05-10-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Silver Dragon Resources

Silver Dragon Resources

Silver Dragon Resources Inc. is a mining and metal company focused on the acquisition, exploration, development and operation of silver mines in proven silver districts exclusively in China and Mexico.

Monday, October 05, 2009

China Focused Explorer Silver Dragon Sells Erbahuo Project

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Silver Dragon Resources Inc. (OTCBB:SDRG) announced  the sale of its subsidiary Chifeng Silver Dragon Resources & Technologies to a private Chinese investor. The definitive agreement extends to both Chifeng Silver Dragon and the Erbahuo project.


Silver Dragon Resources Inc. is a mining and metal exploration company focused on the acquisition, exploration, development of silver properties in proven districts exclusively in China and Mexico.


Silver Dragon Resources Inc will receive net proceeds of $1m from the sale. Silver Dragon intends to use proceeds from the sale for further exploration and development of Silver Dragon's other properties in China, including Dadi and Laopandao of which Silver Dragon hold a 40% interest.


Silver Dragon may also use funds for its 100% owned Mexican project, the Cerros las Minitas silver property in Durango.


Silver Dragon CEO, Marc Hazout commented on the deal which will enable Silver Dragon to move forward toward production at their primary properties;


"I am pleased that we have been able to monetize our Erbahuo mine, which is the smallest of our properties, so that we can focus on our prime assets in China and Mexico ... We are currently accelerating our exploration programs at our Dadi and Laopandao properties, which we intend to develop into producing assets”

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