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Eldorado Gold Provides Update on Results from Ormaque Step-out Drilling and Overview of 2023 Global Exploration Programs
VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado Gold”, the “Company” or “We”) is pleased to provide new res
About this update from Eldorado Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado Gold”, the “Company” or “We”) is pleased to provide new results from step-out drilling at the Ormaque deposit in Quebec. The company is also providing an overview of the 2023 global exploration program which includes approximately 190,000 metres of discovery and resource expansion drilling and over 55,000 metres of resource conversion drilling focused mainly in Quebec and Turkiye. Ormaque Drilling Highlights Since our most recent resource update at the Ormaque deposit, announced in February 2022 and published in the Lamaque Technical Report on March 31, 2022, we have completed over 31,000 metres of resource expansion drilling and over 21,000 metres of resource conversion drilling. Assay results received since our October 2022 exploration news update include numerous high-grade intercepts to the east of, and below the current resource area, some representing extensions to known mineralized zones and some related to newly identified mineralized zones. Notable intercepts include: 2.8 metres at 14.86 g/t gold and 2.5 metres at 20.47 g/t gold (27.52 g/t gold uncapped) in drillhole FOR-22-031, representing step-out intercepts approximately 200 metres east of the current resource; 1.2 metres at 22.31 g/t gold and 1.6 metres at 26.86 g/t gold (54.01 g/t gold uncapped) in drillhole LS-22-089, representing step-out intercepts approximately 40 metres east of the current resource; 3.5 metres at 10.48 g/t gold in drillhole LS-20-024, representing a new zone approximately 125 metres below the current resource; and 1.75 metres at 39.37 g/t gold in drillhole LS-22-090, representing a new zone approximately 150 metres below the current resource. “Eldorado Gold is committed to investing in organic growth opportunities through brownfields exploration surrounding our current operations, and funding greenfield exploration initiatives to strategically expand our global footprint,” said George Burns, President and CEO of Eldorado Gold. “In Eastern Canada, we have added over 3.2 million inferred resource ounces since our acquisition of Integra Resources in 2017, at a discovery cost of less than $18 per ounce. The new results at Ormaque continue to demonstrate the potential to increase resources, supporting future development plans beyond the Triangle d...