This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Eldorado's Efemcukuru at 1.7 million ounces gold M+I 2009-10-30 08:18 ET - News Release Mr. Paul Wright reports ELDORADO GOLD CORPORATION: EFEMCUKURU UPDATE-MINERAL RESERVES INCREASE BY 23% Eldorado Gold Corp. has provided an overview on the Efemcukuru project located in western Turkey. "The Efemcukuru project continues to improve in quality and there remains considerable scope for additional growth through continued exploration. Construction on site is progressing in accordance with our projected start-up in the fourth quarter of 2010," stated Paul Wright, president and chief executive officer of Eldorado. Mineral resource estimate Following completion of the 2009 drill program on the Efemcukuru North oreshoot, the company and its consultants have carried out a review of the mineral resource and mineral reserves for the project. The measured and indicated resource estimate previously reported in 2008 has been increased by approximately 10 per cent. This increase in ounces has resulted from minor changes in the previously defined South oreshoot (SOS) and Middle oreshoot (MOS) and further definition of a larger measured and indicated resource in the North oreshoot (NOS) area. The company believes that there is considerable potential to further expand the resource base; however, due to the geometry of the deposit further drilling will take place from underground. The remainder is available to Stockwatch subscribers.
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