Silver Dragon Resources has announced that its 40% equity owned joint venture, Sanhe Sino-Top Resources and Technologies, has started permitted exploration for this year at its three properties in Northern China.
The company is exploring the targets, which comprises 6,000 meters drilling including 1,000 meters emergency drilling, 2,500m tunneling, a 200 meters inclined shaft and a 260m shaft at Dadi; 5,000 meters drilling including 1,000 meters emergency drilling, 1,000 meters tunneling and a metallurgic analysis at Laopandao and 1,000 meters drilling at Aobaotugounao. Additionally, Silver Dragon will perform field surveys on the Yuanlinzi, Zhuanxinhu and Shididonggou properties for exploration deliberation and prospective in 2012.
The company is aggressively expanding the properties in China. It has successfully explored at Dadi and Laopandao. HIC and Shengda contribute to the growth of the resource base and extension of all of the properties in the Erbahuo silver belt. Silver Dragon will drill 1,000 meters in addition for exploration program this year at the Aobaotugounao property and looks for analogous sampling results.
Source: http://www.silverdragonresources.com/