Eldorado Gold Provides Exploration Update Highlighting Resource Expansion Upside at Lamaque, ...

VANCOUVER, British Columbia, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado”, the “Company” or “We”) is pleased to provide an update on exploration results at Lamaque, Efemcukuru and Olympias since our last exploration update published in March 2022. So far this year, the Company has completed over 85,000 metres of exploration drilling and is on track to complete the planned 2022 drilling program of 140,000 metres.

“We are encouraged by the results and progress of our 2022 exploration program across the portfolio,” said George Burns, President and CEO of Eldorado Gold Corporation. “New results demonstrate the significant potential to increase resources at Ormaque, supporting our development strategy in Quebec. As well, the completion of the Ormaque exploration drift early in the third quarter has provided access to drill platforms for resource conversion drilling of the upper two-thirds of the Ormaque deposit. Additionally in Quebec, our team is advancing other near mine and district opportunities in the Val-d’Or region, capitalizing on our expanded regional footprint.”

“At Efemcukuru, we have encouraging results from initial drilling at the previously untested West Vein system, and resource conversion drilling is continuing on the Kokarpinar and Bati vein systems. We expect to incorporate results of the conversion drilling in our updated reserves and resource statement by the end of the year,” continued Burns. “The discovery of the North Zone extension at Olympias highlights the outstanding resource expansion potential at this world-class asset.”

Resource Expansion Drilling Highlights