Eldorado Gold Corp (EGO)

[JohnCM]

Eldorado Gold Provides Operational Update on Lamaque Project in Quebec

BY MT Newswires
5:36 AM ET 06/21/2018

05:36 AM EDT, 06/21/2018 (MT Newswires) -- Eldorado Gold ( EGO ) announced pre-market Thursday that mill refurbishment and underground mine development at the Lamaque gold mine in Quebec were ahead of schedule and production from the refurbished mill remained on course for 2019.

Exploration results include over 12,000 meters of resource expansion drilling conducted since the release of the 2017 year-end resource update. Drilling activities subsequent to year-end focused on the lower part of the Triangle deposit as well as targets along strike and down dip from the Parallel deposit.

"Our new drilling at Triangle confirms that the shear-hosted vein systems and steeply plunging intrusions that control mineralization in the upper deposit persist to at least 1,800 metres depth, with high grades reported in several newly-identified shear zones and in related secondary shear zones and extension vein systems. At the Parallel deposit, step-out drilling has linked the mineralized shear zones with historically mined zones at the nearby Lamaque and Plug 5 deposits," said Peter Lewis, Eldorado's vice president for exploration.

"We have approximately 10,000 additional meters of drilling planned for this year focused on resource expansion in the lower Triangle deposit, and further testing and definition of new targets," he added.