Eldorado Gold Restarts Construction at Eastern Dragon

Eldorado Gold has restarted construction activities at the Eastern Dragon mine in China. The engineering is almost complete and procurement is 95 % done as per a company press release.

The company will continue the construction work through the winter and expects the mine to begin production by the end of 2011. The Eastern Dragon project is estimated to have 747,000 ounces of gold reserves and 6.6 million ounces of silver reserves.

President and Chief Executive Officer of Eldorado Gold Paul N. Wright, said that the year was fairly successful in terms of advancing permits. The support of the joint venture partner, local communities and government authorities has allowed the work to progress smoothly.

The Canadian company also announced that its White Mountain exploration project has seen drilling activity. The results of two holes which found significant gold values have shown the property to hold promise.

The Vancouver based company also found highly mineralized boulders at the newly acquired Xiaoshiren Central property which is located 20 km south east of the White Mountain mine. The company also has projects in different stages in Brazil, China, Greece, Turkey and surrounding regions.

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