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Wednesday, 21st September 2005 (4476 views)

Eldorado Gold Corporation has announced the initial drill results from its AS project in western Turkey.

Following a reconnaissance programme, stream sediment sampling, soil geochemical sampling and regional mapping were carried out. In 2005 the company constructed a road, cut through the gold geochemical anomaly, to allow more detailed mapping and sampling.

Gold and copper anomalies were found close together, which suggests that base metal mineralisation is more extensive than first predicted.

Both rotary and reverse circulation drilling are going on in the area at the moment and have returned gold values of 0.8 g/t over 115 meters.

Norm Pitcher, Chief Operating Officer commented, "We are obviously very encouraged at these initial results from what may be an extensive gold-copper system."

More extensive drilling is due to commence in the fourth quarter of 2005 on the AS project, of which Eldorado owns 50 per cent.

Eldorado has also recently successfully completed a compromise plan with Afcan concerning the Tanjianshan gold development project in China

 

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