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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 Discovers New Ag - Pb - Zn Mineralization Underground in the Guadalupe Ramp and Begins 2007 Core Drilling Program at Cerro Las Minitas, Durango, Mexico
DURANGO, Mexico--(BUSINESS WIRE)--Silver Dragon Resources Inc. (OTCBB:SDRG - News) is pleased to report that its wholly owned subsidiary, Silver Dragon Mining de Mexico, S.A. de C.V., is continuing advance of the Guadalupe Ramp to access the mineralized bodies discovered by drilling during 2006 in the Puro Corazon area. To date, 300 linear meters of the old Guadalupe Ramp have been rehabilitated and widened to 3.5 X 4 meters to provide access for underground drilling, mining and ore-hauling equipment. Forty-five meters of new advance, beyond the rehabilitated portion of the existing Ramp, were completed by the end of February and advance of the Ramp is continuing on schedule.
Driving of the new advance of the Ramp has encountered previously unknown Ag, Pb, Zn, Cu mineralization consisting of both oxide and sulfide horizons. These bodies are newly discovered extensions of the deposits previously mined in the El Gringo mine. Mapping and sampling of the new discoveries is in progress. The discovery of the new mineralized structures in the area has revealed the existence of substantial additional, unexploited mineralization near the El Gringo shaft which has no surface manifestations. We anticipate that we will develop substantial additional blocks of mineralized material in the El Gringo area in the coming months.
Metallurgical testing of both oxide and sulfide mineralization at Cerro Las Minitas has begun. Testing is being done by SGS Minerals Services, a division of SGS Group, the world's leading inspection, verification, testing and certification company. Testing is being done at SGS's new Durango, Mexico minerals testing facility. Results of testing will characterize ore types at Cerro Las Minitas and specify milling options for the most effective recovery of metals from mineralized material.
Drilling completed in 2006 revealed the existence of several mineralized bodies in the Puro Corazon area and allowed the identification of potential for more than 750,000 tons of mineralized material in those bodies.
In early March 2007, Silver Dragon began its second surface drilling program to further explore mineralization discovered in 2006 and explore additional prospective areas identified by geologic, geochemical and geophysical data. Our goal is to define additional mineralized material in the Puro Corazon, El Gringo and La Bocona areas during the next three months. Seven thousand (7000) meters of both surface and underground core drilling are planned for 2007.
About Cerros las Minitas
Cerros las Minitas is comprised of 16 concessions covering 1423 Hectares. It is located in Durango, Mexico and comprises the Cerro Las Minitas mining district, part of the prolific silver belt of the Sierra Madre Occidental. Silver Dragon Resources Inc. through its wholly owned Mexican Subsidiary Silver Dragon Mining de Mexico S.A. De C.V. acquired the property in March 2006.
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 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: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Silver Dragon Resources Inc.
Marc Hazout, President, 416-223-8500
Toll Fee: 1-866-512-SDRG (7374)
info@silverdragonresources.com
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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).
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