March 8, 2010 Eldorado Gold announced an update to the mineral resources and mineral reserves for the Eastern Dragon Project in Heilongjiang Province, China. Re-calculated resources and reserves as of March 1, 2010. The measured and indicated gold ounces have increased by 47% to 852,000 ounces, with an additional 190,000 ounces in the inferred category. Proven and probable gold reserves have increased by 42% to 747,000 ounces.
April 21, 2009 Sino Gold Mining Limited advise that the company has approved the US$65 million development of the company’s third gold mine, the Eastern Dragon Gold Mine in northern China’s Heilongjiang Province. Gold production for the first five years of operation will to average 90,000 ounces per annum at approximately US$125 per ounce. The forecast capital cost of US$65 million (including contingency) will be funded internally. Commissioning to potentially commence in late 2010 and commercial gold production in early 2011.
