Proactiveinvestors recommends
Additional Information
Market: OTCBB
Sector: Platinum & Precious Metals
EPIC: SDRG
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Silver Dragon Resources
www.silverdragonresources.com

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.

Full Silver Dragon Resources profile here
Pdf

Silver Dragon reports more promising silver-lead-zinc mineralisation at Dadi, Inner Mongolia

4th Nov 2009, 5:11 pm
Silver Dragon reports more promising silver-lead-zinc mineralisation at Dadi, Inner Mongolia

Silver Dragon Resources Inc (OTCBB: SDRG) reported further encouraging results from the Dadi silver-lead-zinc polymetallic project in Inner Mongolia, Northern China, where owner Sanhe Sino Top Resources and Technologies Ltd - a 40 pct affillate of Silver Dragon - during recent drilling encountered 15 mineralised intervals of high grade.

One of the intersections of hole ZK0401 returned 15.3 meters grading on average 914.8 grams per ton of silver, 7.58 percent lead and 9.11 percent zinc.

The hole was completed to a depth of 446 meters and revealed significant silver, lead, and zinc mineralization, many of which at greater depths, which may form new mineralized zones.

Drill hole ZK0401 is located at exploration line No. 4, the purpose of which was to detect dipping extensions of mineralized body No II, which were revealed by near-surface tunneling.

Silver Dragon will report more date from the ongoing drilling and tunneling at Dadi as it becomes available.

Dadi is one of the eight exploration properties of Sanhe Sino-Top Resources and Technologies, a Chinese company which holds exclusive exploration rights to these properties located in the prolific Erbahuo Silver District in Inner Mongolia, China. The Dadi exploration area covers 12.48 square kilometers.

Silver Dragon controls 40 percent of the group, the Gansu Shengda Group 52 percent and HIC holds 8 percent.  Sino-Top holds exclusive exploration rights to eight properties and mining rights to one property, the Erbahuo silver mine, in Inner Mongolia, covering a total area of 261.25 square kilometres.

In 2008, the Erbahuo silver mine was spun off from Sino-Top and put under a separate entity, Chifeng Silver Dragon Resources & Technologies Ltd, a  US-Chinese joint venture that is currently 70 percent owned by Silver Dragon and 30 percent by HIC.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.