 |
 |
|
Newsroom - Clients - SDRG
The following news and investment research items reflect some of the recent business activity for selected clients of Empire Relations Group, Inc. Additional information for investment research can be found in the featured clients section. News and investment research are for informational purposes only.
Silver Dragon Resources Inc
Silver Dragon Identifies 429,800 Tonne Ore Reserve Containing Ag-Cu Deposits from Initial Exploration Work at Zhuanxinhu, China
BEIJING--(MARKET WIRE)--Feb 12, 2007 -- Silver Dragon Resources Inc. (OTC BB:SDRG.OB - News) is pleased to announce the assay results from initial exploration work at Zhuanxinhu at the Sino-Top projects in the Erbahuo Silver District in Northern China.
Zhuanxinhu is one of the nine properties which Sanhe Sino-Top Resources and Technologies, Ltd. ("Sino-Top"), a Chinese company, holds the exclusive exploration and mining rights to, including a silver mine located in the prolific Erbahuo Silver District in Inner Mongolia, China. Silver Dragon has a 60% ownership interest in Sino-Top.
The Zhuanxinhu exploration area, covering 6.24 square kilometers, is located in Chifeng, Inner Mongolia. It is a typical volcanic sediment area containing strata-bound mineral deposits. The initial exploration work in 2006, which focused on the central part of the area with a small-scale trenching project combined with a 3-hole drilling program, has revealed the following assay results.
Assay Results from the Exploration Projects in 2006
Sampling Interval Assay
(m) Results
----------------- ----------- Grade(Ag g/t Cu%)
Proj- Samp- ---------------------
ect le N- Leng- Ag(g- Cu Thickness (m)
Ore Body No. o. From To th /t) (%)
-------- ----- ----- ----- ----- ----- ----- ----- ---------------------
TC1 ZP013 17.0 18.0 1.0 19.2 0.35 Ag19.2Cu0.35
----- ----- ----- ----- ----- ----- ----- ------------
1.0
ZP051 25.0 26.4 1.4 27.2 0.40 Ag40.5Cu0.32
II TC2 ----- ----- ----- ----- ----- ----- ------------
ZP052 26.4 27.5 1.1 57.4 0.23 2.5
----- ----- ----- ----- ----- ----- -----
TC3 ZP043 34.5 35.5 1.0 13.8 0.25 Ag13.8Cu0.25
------------
1.0
-------- ----- ----- ----- ----- ----- ----- ----- ---------------------
ZP009 9.0 10.0 1.0 12.8 0.25
----- ----- ----- ----- ----- -----
ZP010 10.0 11.0 1.0 106.0 0.36 Ag129.84Cu0.57
III - 1 TC11 ----- ----- ----- ----- ----- ----- --------------
ZP011 11.0 12.0 1.0 59.6 0.10 4.0
----- ----- ----- ----- ----- -----
ZP012 12.0 13.0 1.0 341.0 1.58
-------- ----- ----- ----- ----- ----- ----- ----- ---------------------
Ag43.20Cu0.24
III - 3 Zk7-1 ZP208 66.14 68.14 2.0 43.2 0.24 --------------
2.0
-------- ----- ----- ----- ----- ----- ----- ----- ---------------------
ZP211 72.14 73.14 1.0 61.4 0.66
----- ----- ----- ----- ----- ----- Ag50.11Cu0.56
III - 2 Zk7-1 ZP212 73.14 74.14 1.0 6.0 0.05 -------------
----- ----- ----- ----- ----- ----- 3.65
ZP213 74.14 75.79 1.65 70.0 0.80
-------- ----- ----- ----- ----- ----- ----- ----- ---------------------
Ag55.4Cu0.11
IV Zk7-1 ZP201 39.2 41.0 1.80 55.41 0.11 ------------
1.8
-------- ----- ----- ----- ----- ----- ----- ----- ---------------------
Ag73.3Cu0.68
V Zk7-1 ZP216 106.8 107.9 1.10 73.3 0.68 ------------
1.1
-------- ----- ----- ----- ----- ----- ----- ----- ---------------------
Interpretation of Exploration Results
"We have achieved significant findings at Zhuanxinhu despite the small scale of our initial exploration project last year. In 2007, we intend to intensify our exploration effort at this property with the purpose of developing it into a Ag-Cu mine in the near future," stated Mr. Yang Guofu, Sino-Top's Chief Geologist.
CAUTIONARY NOTE TO U.S. INVESTORS
The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-KSB, File No. 000-29657. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.
About Silver Dragon
Silver Dragon Resources Inc. is a mining and metal company focused on the exploration, acquisition, development and operation of silver mines in proven silver districts globally. Silver Dragon's objective is to acquire silver mining assets that contain promising exploration targets, have highly leveraged, out-of-the-money silver deposits, and/or are producing properties with significant untapped exploration potential. It is management's objective to grow Silver Dragon into a significant silver producer by developing the Cerro las Minitas and the Erbahuo projects in Mexico and China. For more information, please visit the Company's website at: www.silverdragonresources.com (now available in Chinese).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this news release that are not historical fact, such as statements regarding the economic prospects of the company's projects, future plans or future revenues, future exploration plans and prospects, timing of development or potential expansion or improvements, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company's ability to raise sufficient capital to fund development, changes in economic conditions or financial markets, changes in prices for the company's mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in China, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in the company's filings with the Securities and Exchange Commission.
Silver Dragon Resources Inc.
Marc Hazout
(647) 286-8587
info@silverdragonresources.com
|
|
|
|
|
Top of Page |
E-mail This Page |
Back to Newsroom
|
|
|
 |
| |
 |
|
|
About Silver Dragon Resources Inc.
Based in Canada and publicly traded on the OTCBB, we are focused
on the exploration, acquisition, development and the operation of
silver mines throughout the world. The properties are located in
proven silver districts of Mexico and China.
To link to this corporate profile in our members area click here (You must be a registered member to see profile).
|
|
|
 |
What Our Visitors Say . . .
"I found this site to be easy to navigate, with informative profiles. A really good site overall." - Marc R. - Investor
|
