Tuesday, March 9, 2010

Eldorado Gold (NYSE:EGO) Gold Reserves Up 42 Percent

Gold Reserves at Eldorado Gold Eastern Dragon Project

The Eastern Dragon Project in China has exceeded original proven and probable gold reserves by a large margin, as Eldorado Gold (NYSE:EGO) now estimates about 747,000 ounces now in the mine, and more possibly to be discovered.

Just on the most recent revised data the company has increased its exploration budget at the mine by $2.4 million, as they search other vein structures for more gold resources at their prolific project.

Gold Reserves at Eldorado Gold Eastern Dragon Project

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