Eldorado: Exploration Results Extend Mine Lives, Strengthen Pipeline
Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) officials are upbeat about results from 2017 exploration activities so far. Among the highlights, drilling at Lamaque included intercepts of 25.44 grams per tonne of gold over 3.5 meters and 7.47 g/t over 4.4 meters. A drilling program at Bolcana porphyry project include a drillhole with an intercept of 1,246.0 meters from surface grading 0.94 g/t gold and 0.27% copper, Eldorado says. The company is also upbeat about drilling at Efemcukuru and Stratoni.The results “bode well for extending the life of our current operations while strengthening our internal growth pipeline,” says Peter Lewis, vice president for exploration.