Deepest Intercept Drilled in the North Ore Shoot, Efemcukuru: 2.6 Meters at 51.9
posted on
May 07, 2009 04:38AM
Brazil, China, Turkey & Greece - In situ: +15 million oz Gold
May 6, 2009 | |
Eldorado Gold Announces the Deepest Intercept Drilled in the North Ore Shoot, Efemcukuru: 2.6 Meters at 51.9 g/t Au | |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2009) - (all figures in United States dollars) Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") (TSX:ELD)(NYSE Amex:EGO) is pleased to announce that diamond drilling in the North Ore Shoot ("NOS") at the Efemcukuru gold project, Turkey has encountered the highest grade and deepest intercept drilled in the NOS to date. KV-310 intersected 2.6 meters (drilled length) at 51.9 g/t Au, 39.4 g/t Ag, 3.7% Pb and 4.3% Zn. Table 1 shows the results for the three latest holes drilled in the NOS, and Figure 1 is a long section showing the hole locations and grade contours. Paul N. Wright commented "The North Ore Shoot continues to contribute to the persistence and quality of the vein system at depth and augurs well in terms of continued potential for resource expansion. We will continue to drill the North Ore Shoot with the intention of incorporating the results in an updated Mine Plan and Reserve Statement in Q4 2009". Table 1 ------- --------------------------------------------------------------------------- Hole # From (m) To (m) Length (m) Au g/t Ag g/t Pb % Zn % --------------------------------------------------------------------------- KV-308 179.1 182.2 3.1 6.81 33.6 2.4 4.4 --------------------------------------------------------------------------- KV-310 215.8 218.4 2.6 51.9 39.4 3.7 4.3 --------------------------------------------------------------------------- KV-311 150.7 152.5 1.8 29.9 19.8 1.2 2.7 --------------------------------------------------------------------------- Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil China, Greece, and Turkey and surrounding regions. We are one of the lowest cost pure gold producers . With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities. ON BEHALF OF ELDORADO GOLD CORPORATION Paul N. Wright, President and Chief Executive Officer |