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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 Resources Inc. Signs Strategic Cooperation Agreement With Tianjin North China Exploration Bureau
BEIJING--(MARKET WIRE)--Jul 26, 2006 -- Silver Dragon Resources Inc. (OTC BB:SDRG.OB - News) today announced the signing of a Strategic Cooperation Agreement with the Tianjin North China Exploration Bureau (TNCEB) in the People's Republic of China.
The TNCEB has access to mine assets located in various locations in China. The 5-year Agreement provides that prospective mining properties identified by the TNCEB will be referred exclusively to Silver Dragon. In the event that Silver Dragon chooses to acquire, develop or exploit any mining opportunities referred by the TNCEB, Silver Dragon and TNCEB will work towards a mutually acceptable working agreement with respect to the purchase and/or development of the mining property. The TNCEB will provide technical, geological and other documentation as may be requested by Silver Dragon as part of its due diligence investigation of prospective properties.
"We will introduce to Silver Dragon and their team in China advanced stage mining projects that present potentially significant opportunities," commented Dr. Duan Huanchun, Chief Engineer of the Tianjin North China Exploration Bureau. "Silver Dragon and their Chinese team have displayed an excellent ability to identify proven mining rich regions and develop relationships that make Silver Dragon an excellent strategic partner in China."
"This is another major achievement for Silver Dragon, lending it further notable credibility in China," commented Marc Hazout, President and Chief Executive Officer of Silver Dragon. "This Strategic Cooperation Agreement with TNCEB will eventually lead to further success and assist us to expand the asset base in China. We are now investigating a silver producing property in Hubei province for possible acquisition."
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
(416) 661-4989
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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