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Monday, 30th March 2009 (920 views)

Eldorado Gold has announced that it has updated its 2009 exploration plans, with $18.4 million (£12.9 million) being earmarked by the firm for its exploration operations in Brazil, China and Turkey.

Around $0.8 million will be spent on following up sampling and surveys that were conducted in Brazil over the course of last year, focusing on the Carojas and Tapajos regions.

In China, the exploration work will centre around the Tanjianshan programme in Qinghai Province, where high-grade oxide gold mineralisation was discovered in 2008.

And in Turkey, $6.9 million has been set aside for activities in the Kisladag, Efemcukuru and Sayacik areas.

In other exploration news, an option agreement has been signed between Almaden Minerals and Antofagasta Minerals for the Tuligtic gold project in Mexico.

The deal will see Antofagasta earn a 75 per cent interest in the prospect, which is situated around 21 km north of Puebla.

 

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