Partial results from Eldorado Gold’s 2012 exploration program have confirmed significant gold intercepts at its Chinese projects. The company has completed 62,000 metres of drilling across 20 projects in China, Greece, Romania, Brazil and Turkey.
Almost half of the drill holes were conducted at the Jinfeng mine in central China, with 25,000 metres of surface and underground drilling completed by May. Targets across the project have returned high grade results including 29 metres @ 5.92 grams/tonne gold, 19 metres @ 6.19 grams/tonne gold and 4 metres @ 12.58 grams/tonne gold.
Exploration drilling at eight regional prospects surrounding Jinfeng has also returned positive results including 5 metres @ 3.82 grams/tonne gold and 2.39 metres @ 2.32 grams/tonne gold at the Lintan prospect.
The company has commenced drilling at its Dongdapo project area in China’s northeast with 2400 metres of drilling planned along three prospects. A further 4000 metres of drilling is planned to test anomalies at the White Mountain deposit while at Xiaoshiren, 2000 metres of drilling is planned to further test the high-grade breccia zones identified in previous drilling programs.
Eldorado will spend the next six months targeting possible extensions of the Jinlongou ore body within the Tanjianshan district while 10 drill holes at the Qinlongtan North fault zone will test the along-strike potential of the deposit.
Meantime, the company has also announced changes to its senior management team with Norm Pitcher appointed as president and Paul Skayman as chief operating officer. Norm Pitcher was the company’s previous chief operating officer, appointed to the position in 2005. He has more than 30 years’ experience in the mining industry.
Paul Skayman has been with Eldorado since 2005 and has held various positions including senior vice president of operations. He has more than 25 years’ experience in the international mining sector.
“These appointments are consistent with the company’s recognition of the importance for succession planning and commitment to the ongoing strengthening of our organization,” says chief executive officer Paul Wright.
The company has also made several new appointments to its senior international management teams in China, Brazil, Greece, Romania and Turkey.