Property Evaluation: Eldora Gold Resources Canada

 Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange – Open Market.
The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com
Eldora Gold Resources Canada: Property Evaluation is our consulting division which provides the service of mineral content evaluation of mining properties. Our extensive private database coupled with state of the art satellite and geophysical image processing gives our clients the information they require to buy/sell or mine theirs claims.
We also provide a forum for customers to buy and sell their properties coupled with our mineral evaluation analysis. Eldora Gold Resources Canada: Our mission statement is to provide our clients with a profitable process of extracting mineral deposits in a way that is environmentally friendly.
We strive to significantly slow down the destruction of our environment as the result of chemicals and minerals leaching into the soil from tailings.
We also strive to extract as much valuable minerals from the tailings to ensure our clients are profitable.
Properties. Eldora Gold Resources Canada will offer a forum for our clients to buy or sell mining properties.
This prospecting real estate section will form a database of our customers mining properties for sale. This database will also contain information about each property using our evaluation technology and sample testing service and will define the mineral possibilities and concentrations.
Advertising properties on this site will be free of charge and Eldora Gold will only require a small commission on the sale of the property from the seller, and a finders fee from the buyer.
Eldora Gold has applied for a listing on the Frankfurt Stock Exchange – Open Market. The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com
Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques.
Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.

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Eldora Gold Resources Canada was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

Focus: About Eldora Gold Resources Canada

About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.


The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada's tailings processing service along with the Property Evaluation service.


Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University.

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With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada's data analysis process he offers accurate property reports using the latest technology .


About Eldora Gold Resources Canada: The Company's Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys .
He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada's proprietary equipment and techniques.


Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.


Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange - Open Market.


The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com


Tailings Processing. Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.


Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.


Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.


Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.

nhylemyrmidons ― posted 48 days ago                                      

Eldora Gold Resources Canada Developed New Proprietary Separation Technique

Eldora Gold will start by verifying the mineral content of the tailings through certified sample testing and, if successful, we will supply the equipment and training necessary to extract the mineral concentrate. We also provide the buyer for the extracted concentrate.

The fee for these services is an agreed upon percentage of the mineral concentrate sale which is typically in the range of one third of the concentrate sale price. The fee to Eldora Gold is only payable after the sale of the concentrate resulting in no risk to the customer.

The technology behind our processing technique is completely chemical free and proprietary. Extensive development and years of experience have resulted in a technique that not only extracts the majority of valuable mineral content of the tailings, it leaves the remaining tailings with a significantly lower content of the acid forming minerals from the original ores.

Tailings have always been an unwanted by-product of mining from an environmental standpoint. These tailings are left in piles and leach environmentally destructive materials into the surrounding soil.

This greatly affects wildlife and water tables for years to come. Our process drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.

The result is cleaner tailings and the extraction of significant amounts of valuable minerals. The sale of the mineral concentrate provides significant profit to the customer and provides the incentive to use our technology to stop the destruction of the environment.

Eldora Gold Resources Launches GravSep™; Process Set to Rehabilitate Tailings Sites

 Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase. With GravSep™ on site, Eldora will use a combination of physical separation processes to extract a concentrate from the first selected mill tailings site in Kirkland Lake, Canada. This concentrate will contain the majority of the recoverable metallic values in these former tailings, as well as the majority of the minerals responsible for the adverse environmental consequences of the original tailings disposal.
The proprietary process includes the preparation of a recirculating water pond, whereby final tailing separation from pulping water will provide recirculating water for pulping fresh feed, thus no continuous use of fresh water is required. After pulping the excavated feed and pumping the pulp through the physical separation process, Eldora anticipates ultimately discharging a tailing material in a form suitable for environmental rehabilitation of the site.
Eldora Gold anticipates, based on initial testing, that the auspicious debut (1/2 tonne per hour) of GravSep™ will result in not only the recovery of valued minerals, but also the rehabilitation of former tailings sites. Given the assembly of its portable equipment, Eldora intends to provide a dual benefit from the operation of GravSep™ units: by marketing the resultant concentrate into suitable channels and also providing a low-energy green solution to mining communities.
The GravSep™ is designed to be scalable, and is suited for small deposits less than 300,000 tonnes that cannot support permanent high capital cost equipment installations. The anticipated advantages for Eldora’s proprietary environmentally-friendly physical separation processing, which can be tailored to each specific deposit, now include potential for successful treatment and rehabilitation for many smaller size deposits using simple to maintain and operate equipment, as well as chemical-free processing. Pumping is the single major energy input, and it extracts and recovers valuable mineral concentrates which also have significant deleterious environmental effects when left in-situ.
From an environmental standpoint, tailings have always been an unwanted byproduct of mining. These tailings are left in piles and potentially leach environmentally-destructive materials into the surrounding soil and groundwater. Processing tailings thus also reduces the negative environmental impact of remaining minerals from the original mining process.

Andean Resources sees beyond Eldorado Gold's bid

CANADA'S Eldorado Gold has approached Australia's Andean Resources with a proposal to create "the world's fastest growing" gold producer.

But the Vancouver-based company’s plan, which it said would also create the world’s “lowest cost” producer, already appears to have been overtaken.

The dual-listed Andean subsequently called a trading halt on its Australian-listed shares, saying it is in talks with another unnamed party and adding these discussions are expected to lead to a major corporate announcement. Andean didn't provide other details.

Shares of Andean, which also has a listing in Toronto, entered a trading halt after soaring $1.51, or 31 per cent, to a record $6.40, or a market value of about $3.5 billion.

Eldorado said its proposal was for a share exchange at a fixed ratio of 0.310 Eldorado share for each Andean share, through a friendly transaction supported by most Andean directors.

The proposal "is extremely compelling" for Andean shareholders, Eldorado, said, and follows an earlier initial approach to Andean on August 18 that valued Andean at $C6.36 a share and that was verbally rejected by Andean's board.

Andean is developing the high-grade, low-cost Cerro Negro Gold Project in Argentina, which contains 2.1 million ounces of gold and 20.6 million ounces of silver in probable reserves.

If the proposal proceeds, Andean shareholders will own 24 per cent of the combined company.

ELDORADO GOLD CORPORATION | CompanyMine

Eldorado is an international gold producer with 4 operating mines, 2 mines under construction, a late-stage development project and a US$35 million exploration program in 2010. We are based in Vancouver, Canada and operate in China, Turkey, Brazil, Greece and surrounding regions. In 2010 we are forecasting production of 575,000 to 625,000 ounces of gold at a cash operating cost of $375 to $395 per ounce. Eldorado is one of the lowest cost pure gold producers, with new mines, robust margins and a strong balance sheet.

We operate the Kisladag gold mine in Turkey; the Jinfeng gold mine, Tanjianshan gold mine and White Mountain gold mine in China. We are constructing the Efemçukuru mine in Turkey and the Eastern Dragon mine in China. Eldorado is developing the Perama Hill project in Greece and is exploring in Brazil, China, Turkey and Nevada in the United States.

As of December 31, 2009, Eldorado has 15.1 million ounces of proven and probable gold reserves and 21.3 million ounces of measured and indicated gold resources.

On May 6, 2010 the Eldorado Gold Board of Directors declared an annual eligible dividend of CDN$0.05 per common share on June 18, 2010 (Vancouver time) to the holders of the Company's outstanding common shares (held directly or indirectly through CHESS Depositary Interests), as of the close of business on the record date of June 4, 2010 (Vancouver time).

Eldorado is listed on the Toronto Stock Exchange (TSX: ELD), the New York Stock Exchange (NYSE: EGO) and the Australian Securities Exchange (ASX: EAU). Eldorado is part of the S&P/TSX 60 Index, S&P/TSX Global Gold Index and Amex Gold BUGS Index.

With our international expertise in mining, finance, project development and exploration, Eldorado is on track to continue its disciplined growth to produce approximately 1 million ounces of gold by 2013.

2010 Operating Results / 2011 Operating Guidance Continued Growth at Low Cost with Increasing Dividend

VANCOUVER - BC – Paul N. Wright President and Chief Executive Officer of Eldorado Gold Corporation

(“Eldorado” the “Company” or “We”) is pleased to announce the 2010 operating results and provide

operating guidance for 2011.

2010 Operating Results

All the Company’s mines continued to perform strongly through the fourth quarter contributing to a

combined total production of 148,372 ounces of gold and a total of 632,537 ounces of gold in the year.

The year end production of 632,537 ounces of gold at a cash cost of $382 per ounce compares very favorably

with our start of the year guidance of 550,000 – 600,000 ounces at $395 - $400 per ounce.

Table 1 below provides detail of the individual contributions of the Kisladag, Jinfeng, Tanjianshan

and White

Mountain mines.

Dividend

Recognizing the increased cash margins realized through gold sales in 2010, the Company is declaring and 

will be paying an additional dividend of C$0.05 per share for 2010, which doubles the amount of the 2010

dividend to C$0.10 per share.  The total amount of this dividend represents approximately $100 per ounce of 

gold sold by Eldorado in the second half of 2010.  This dividend will be payable on February 25, 2011 to 

shareholders of record at the close of business February 11, 2011. 

For 2011, the Company’s dividend will be declared and paid in two semi-annual increments, shortly after the 

end of the second and fourth quarters.  The Company envisages that the total dividend amount shall 

approximate $100 per ounce of gold, sold in the year. 

Dividends in subsequent years will be based on gold production, gold sales, gold price, margins, capital 

reinvestment and market conditions among other factors. 

“Eldorado enjoys some of the best margins in the gold business due to our lowest quartile cost of production, 

and we expect to continue doing so,” said Paul Wright, President and CEO of Eldorado.  “We are pleased to 

have adopted a policy of distributing a meaningful portion of these excellent margins to our shareholders 

through what we believe to be an attractive and sustainable dividend, while we aggressively continue to grow 

Eldorado as one of the worlds best pure gold producers”. 

2011 Guidance

Following a very successful year in 2010 where the Company’s gold production grew 74% to 632,537ounces 

compared with 363,509 ounces in 2009, production will continue to grow in 2011 by an additional 15% to 

20%.  

With the planned start up of both the Efemcukuru and Eastern Dragon mines in 2011, gold production will 

increase to be in the range of 715,000 – 770,000 ounces whilst maintaining one of the lowest costs in the 

industry in the $375-$395/ounce range

Exploration 

The worldwide exploration budget for 2011 is estimated at $54 million. Approximately $30 million of the 

total budget will be spent on “near mine” exploration where we plan to take advantage of both existing 

infrastructure and highly prospective targets. 

Of the $54 million budget, approximately $24 million will be spent in China with the remaining balance in 

Turkey, Brazil, and Nevada. 

Kisladag

In 2011 the Kisladag Mine will place 12 million tonnes of ore on the leach pad at a grade of 1.07 g/t Au, with 

a strip ratio of 1.4:1. The increased ore production (from 10 million tonnes in 2010) is the result of the 

expansion project undertaken in 2010 which added capacity to the crushing and conveying circuits. Capital 

spending in 2011 is estimated at $50 million. Major capital items are: 

$7.5 million for four new haul  trucks and one Production Drill; 

$7.5 million in capitalized waste stripping; 

$10.5 million to complete  the plant expansion; and 

$6 million in major mining equipment overhauls. 

Exploration at Kisladag in 2011 will focus on resource drilling in the western deposit area and geophysics for 

deep target generation.

Jinfeng

Jinfeng will process 1.55 million tonnes of ore at a grade of 4.06 g/t Au. 760,000 tonnes of ore will come 

from the open pit; 500,000 tonnes from underground, and the remainder from existing stockpiles. Capital 

spending in 2011 will be approximately $30 million. Major capital items are: 

$8.2 million in underground development; 

$5.8  million in capitalized waste stripping; and 

$4.9 million in underground mining equipment. 

Exploration at Jinfeng will consist of surface and underground drilling in the immediate mine area (24,000 

meters) as well as regional exploration on 11  exploration licenses with sediment-hosted Carlin-type 

potential.

Tanjianshan 

Tanjianshan will process 1.0 million tonnes of ore at 4.04 g/t Au. Mining will continue from the JLG open 

pit at a strip ratio of 2.56:1. Capital spending for 2011 will be $13.9 million, with the major item being: 

$3.6 million for tailings expansion. 

Exploration at Tanjianshan will consist of infill drilling at the 323 deposit, underground development and drilling at the QLT Deep area, and general target generation.