VANCOUVER, BRITISH COLUMBIA--(Marketwire - November 25, 2009) - Paul N. Wright, President & Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") (TSX: ELD)(NYSE: EGO) is pleased to announce results of ongoing drilling of our newly discovered zone of gold mineralization ("323 zone") at the Tanjianshan Mine in China. The new diamond drilling has confirmed results of the discovery reverse circulation drill holes, previously announced in a news release dated August 12, 2009, and has established continuity of the mineralized zone over a minimum strike length of 300 meters ("m") (see Figure). A summary of assay results from 8 drill holes for which results have been received is provided in Table 1. These include an interval of 15.5m grading 15.79 g/t (QD143) downdip from the discovery drill holes, an interval of 18.0m grading 4.53 g/t (QD165) 100m northwest of the discovery drill holes, and an interval of 9.0m grading 1.49 g/t (QD167) 200m southeast of the discovery drill holes. The zone remains open along strike and down dip.
Table 1
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Drill hole ID From (m) To (m) Length (m)(i) Au grade (g/t)
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QD142 79.15 96.15 17.0 6.21
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QD143 123.8 139.3 15.5 15.79
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QD147 141.1 150.0 8.9 5.01
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QD150 199.5 206.15 6.65 1.12
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QD154 141.5 152.5 11.0 2.61
including 141.5 145.3 3.8 5.04
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QD156 Results pending
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QD157 Results pending
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QD165 48.0 66.0 18.0 4.53
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QD167 176.0 185.0 9.0 1.49
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QD168 Results pending
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QD169 56.5 58 1.5 2.20
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(i) Note: Assay widths are approximately true width
The high grade intersections define a steeply dipping, northwest-striking mineralized zone that shows strong lithologic and structural similarities to the QLT deposit located 2 km to the north (293,000 ounces of gold produced at an average grade of 6.1 g/t Au). Host rocks are fine-grained calcareous meta-siltstones, meta-sandstones, and dolomite, with finely disseminated pyrite overprinted by moderate to strong silicification and ankerite alteration. Definition diamond drilling of the 323 zone will continue through late 2009 and 2010.
"With three drills active on the zone, we look forward to continued expansion of the mineralization through 2010," commented Paul Wright, President and Chief Executive Officer.
RAB drilling to the south east of 323 zone has defined an additional, west northwest trending zone of anomalous gold values extending over 5 km, which will be tested by diamond drilling in 2010. Stephen Juras, Ph.D., P.Geo., Director, Technical Services is the qualified person for the technical disclosure in this press release. Samples from our Tanjianshan project are prepared at Eldorado's on site facility. The samples were assayed at the ALS Chemex facility in Guangzhou, China. Analysis for gold is done on sawn half core samples using fire assay methods. Standard reference materials, blank and field duplicate samples were inserted prior to shipment from site to monitor the quality assurance of the assay data.
Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, Turkey, China, Greece and the surrounding regions. 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 & Chief Executive Officer
