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Eldorado Gold Corp.
Summary
| Project: | Bolcana | |
|---|---|---|
| Deposit: | Bolcana | |
| Location: | Romania | |
| Commodities: | Gold-Copper | |
| Date: | 11/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-11-2018: Eldorado Gold Corp. announces a Resource Estimation report for its Bolcana deposit at the Bolcana project. Initial mineral resource estimate at the project. VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases | |
| Resources: | (Resource, Inf.): 381Mt @ 0.53g/t Au, 0.18 % Cu for 6.492Moz Au contained at Bolcana | |
| CP/QP: | [Resources]: Stephen Juras (Internal) | |
| ABSTRACT: | VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases its updated Reserve and Resource estimates as of September 30, 2018. George Burns, Eldorado Gold’s President and CEO said, “Our updated Mineral Reserves and Resources remain materially unchanged from December 2017 due to our conversion drilling and exploration success. We have increased our Inferred Mineral Resources at Lamaque and Stratoni, which underscores the longterm potential we have in our strong asset base. With the declaration of a maiden Inferred Resource at Bolcana of 6.5 million ounces of gold and 686,000 tonnes of copper, we have outlined a significant gold copper porphyry deposit. We are very pleased with the announced resource and excited about the significant potential of this asset and will be exploring various alternatives to continue advancing Bolcana.” Reserves and Resources Update The Company’s Proven and Probable gold Reserves totalled 16.9 million ounces as of September 30, 2018, compared to 17.3 million ounces as of December 31, 2017. The complete mineral reserve and resource data can be found at the end of this news release and includes the data for tonnes, grades and ounces. The two percent decrease in Proven and Probable gold Mineral Reserve ounces was attributable to depletion and a reduction in Olympias Mineral Reserves. The reduction at Olympias was due to a geotechnical re-evaluation of historically mined areas, which resulted in these areas being removed from the latter years of the life of mine plan. This was partially offset (30%) by the addition of reserves from underground conversion drilling at Olympias. Bolcana Maiden Mineral Resource | |
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