To All: EGD was just granted the two key Dominican concessions it has waited over 1 year for. The one concession, Longyear, has one of the best addresses in Latin America, situated right beside Pueblo Viejo, (PV) a 20 million ounce deposit, with a surface anomaly very similar in nature to the surface anomaly of PV.
The other piece of good news is that Eldorado Gold owes EGD $1.75 million now that the property is granted, as a property payment for their 51% interest in the property. EGD now has $3.2 million working cap, 12.3 million out.
The second property, Rey Midas, is adjacent to a Falconbridge mineral discovery in the DR. Their discovery, Managua, clearly runs onto Rey Midas. These are the two properties the market has been waiting for.
I do IR work for the company. Check out the Energold thread for the actual news release. Recommended by John Kaiser, Hard Rock Analyst, Whalen Belliveau & McDermid St. Lawrence. |
