Monday, March 8, 2010

Eldorado Gold (NYSE:EGO) 42 Percent Increase Gold Reserves

Eldorado Gold Eastern Dragon Project

In case you didn't catch the recent news concerning Eldorado Gold (NYSE:EGO), they reported a huge 42 percent increase in proven and probable gold reserves, equal to 747,000 ounces, at its Eastern Dragon Project in China.

With that data in hand, the mining company has increased it drilling budget by $2.4 million to get a better idea of what they have and to secure the find.

They also want to do more exploring of the mine to confirm vein structures and to see if there are additional gold resources.

Eldorado Gold Eastern Dragon Project

1 comment:

Anonymous said...

Hm hm.. that's quiet interessting but actually i have a hard time figuring it... wonder how others think about this..