|Of our 2012 worldwide exploration budget of approximately $81 million, about 16% will be spent in Greece. |
Eldorado's 2012 exploration program for Greece includes drilling campaigns at Perama Hill, Skouries, Piavitsa, and the Fisoka and Tsikara porphyry prospects.
At Perama, 5,200 metres of drilling are planned, focusing on both infill drilling in the Perama Hill deposit resource area, and stepout holes targeting the extension of the Perama South deposit.
At Skouries, 14,300 metres of infill drilling are presently planned, primarily in areas of inferred resources that lie within the design pit. Drilling is scheduled for Q2 and Q3.
Four drills are currently active at Piavitsa, where widely-spaced exploration holes--drilled by previous property owners--have identified high gold and silver grades within a zone of polymetallic mineralization extending over a 2.5 km strike length. A diamond drilling program of 15,000 metres will both systematically infill the previously drilled area, and step out to the west along the Stratoni Faults and target mineralized cross faults.
The Fisoka and Tsikara prospects lie within a NE-SW trending corridor of intrusions similar to that hosting the Skouries deposit. Drilling is currently underway at the Fisoka prospect, where previous operators outlined a shallow zone of secondary copper enrichment.
Last updated: May 24, 2012