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Eldorado Gold Corp.
Summary
| Project: | Karavansalija Mineralized Centre | |
|---|---|---|
| Deposit: | Shanac, Copper Canyon, Gradina | |
| Location: | Serbia | |
| Commodities: | Gold-Copper | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-9-2016: Eldorado Gold Corp. announces an Exploration/Drilling Update report for its Shanac, Copper Canyon, Gradina deposit at the Karavansalija Mineralized Centre project. Drilling results incl. 298.0m @ 0.74ppm Au, 0.14% Cu from 215.0m at Shanac zone. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Peter Lewis (Internal) | |
| ABSTRACT: | VANCOUVER, BC, September 6, 2016 – Eldorado Gold Corporation, (“Eldorado” or “the Company”) is pleased to announce results from the first eleven drillholes completed in the 2016 exploration program at the Karavansalija Mineralized Centre (KMC) Project in Serbia. This drilling tested three target areas within the large gold-base metal system. Peter Lewis, Vice President of Exploration at Eldorado, stated “our drilling results to date confirm our view of the outstanding potential of the KMC project. After a systematic analysis of historic exploration data including relogging of all previous drill core, reprocessing geophysical data, and geological modelling we have commenced testing extensions to previous high-grade intercepts and have defined new drill targets. Based on initial results, we have budgeted an additional 7,500 metres of drilling for 2016, and have added a fourth drill rig to the program.” The KMC project encompasses a large magmatic-hydrothermal system with multiple zones of gold, copper, and base metal mineralization. Prograde and retrograde skarn is present within regionally extensive limestones, generally in close proximity to Tertiary dykes and plugs (Figure 1). Epithermal-style alteration and mineralization overprints skarn and in many cases extends upward into an overlying volcanic package. | |
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