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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 Reports Assay Results at Erbahuo Silver Mine, China
BEIJING, China--(BUSINESS WIRE)--Silver Dragon Resources Inc. (OTCBB:SDRG - News) is pleased to announce assay results from comprehensive exploration work at Erbahuo Silver Mine at the Sino-Top projects in the Erbahuo Silver District in Northern China.
Erbahuo Silver Mine covers an area of 1.2 square kilometers. It is located 120 kilometers northwest of the city of Chifeng, Inner Mongolia, which is 450 kilometers northeast of Beijing, China and comprises the Erbahuo mining district, part of the prolific silver belt on the structural join where the north edge of the North China platform meets with the south edge of the Hercynian fold belt of the Great Xingan Mountains. Silver Dragon Resources Inc. owns a 60 % equity interest in Sanhe Sino-Top Resources and Technologies Ltd., which owns the exclusive exploration and mining rights to the property as well as the exclusive exploration rights to eight other properties in the same mining district.
The comprehensive exploration work in 2006 was focused on the No. II Ore Body and included a 1,900m trenching project, a 865m drilling project, a 187m tunneling project, as well as geological and geochemical surveying. The following are the latest assay results:
Weighted Average Assay Results from Exploration of the No. II Ore Body
Sampling Position (m) Assay Results
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Project From To Length Ag (g/t) Pb (%)
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Drill ZK1-1 33.9 35.2 1.3 126 N/A
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Drill ZK1-1 63.0 65.5 2.5 83 0.6
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Drill ZK1-1 67.8 68.75 0.95 116 N/A
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Branch Tunnel CM1-1 at
Tunnel PD8 18.75m into Main Tunnel 0.4 249 1.68
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Silver Dragon has commissioned Ausenco International Pty Ltd of Brisbane, Queensland, Australia to evaluate the current status under NI 43-101 compliant standards and prepare a Project Development Plan which will outline the steps for executing a Chinese Feasibility Study for obtaining permits and the NI 43-101 technical reports required for its Erbahuo Silver Mine Project.
"Our achievement over the past year has not been limited to the latest findings. While our current assay results at Erbahuo Silver Mine show potential resources mainly consisting of oxides, we have also found sulfides in greater depths with our tunneling project, revealing the potential for finding major silver and multi-metal ores with further in-depth exploration. In 2007, we intend to bring Erbahuo mine into full production while intensifying our in-depth exploration efforts," stated Mr. Yang Guofu, Sino-Top's Chief Geologist.
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, 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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