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(Wallace Refiners) – Eldorado Gold today announced a maiden resource estimate for the recently-discovered Ormaque deposit near its Lamaque operations in Quebec.
According to Eldorado, inferred mineral resources at Ormaque totaled 2,620,000 tonnes at a grade of 9.53 grams per tonne gold, for 803,000 ounces of contained gold.
The Ormaque deposit is located approximately midway between the Lamaque-Triangle mine and the Sigma processing facility. It is immediately adjacent to the ore haulage decline currently under construction linking the two. The company said that at current development rates, the decline will reach a position adjacent to the Ormaque deposit in Q3 of 2021.
“This early exploration success at Ormaque highlights the outstanding growth potential at Lamaque,” said President and CEO George Burns.
Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
