Eldorado Gold
Eldorado Gold says Efemcukuru drilling continues to grow deposit
Eldorado Gold Corp said results from the first 5 holes testing the North Ore Shoot (NOS) at the Efemcukuru project in Western Turkey show strengthening of the grades and value of the system laterally and at depth.
The program is designed to test the extension of this poorly defined third ore shoot in the Efemcukuru system. Drilling is planned to continue throughout the first quarter 2009.
One hole encountered 21.1 grams per ton of gold and 52.7 g/t of silver at an interval 4.4 metres long and 4.1 metres wide, while another found 23.1 g/t of gold and 77.1 metres of silver at a 2.3 metres by 2.1 metres interval.
The gold mineralization is consistently associated with high silver values and anomalous base metal concentrations. At present the NOS mineralization is not included in the Efemcukuru Project mining plan.
"These excellent results demonstrate the potential for the North Ore Shoot to contribute to additional reserve growth at Efemcukuru beyond the current 1.2 million ounces," commented Paul Wright, president and CEO.
Other Eldorado Gold news
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07/05/10 Eldorado Gold ups 2010 production guidance
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22/03/10 Eldorado Gold sees 2010 gold production between 550,000 and 600,000 ounces
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19/01/10 Eldorado Gold's Paul Wright sees plenty of benefits from operating underground mines in China
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14/01/10 Eldorado Gold easily beats 2009 target as fourth quarter production surges 21%
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12/01/10 Eldorado Gold recommences production at White Mountain Mine, China
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09/12/09 Eldorado Gold appoints Ed Miu as new Chief Financial Officer
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11/09/09 Eldorado Gold drilling at Kisladag in Turkey extends ore grade mineralisation at depth
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26/08/09 Eldorado expands footing in China, acquires Sino Gold in US$1.8 billion deal
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03/06/09 Gold Fields sells 19.9 pct Sino Gold stake to Eldorado for US$282 mln
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