Silver Dragon Resources Inc.
Silver Dragon Resources Inc. is a mining and metal company focused on the acquisition, exploration, development and operation of silver mines in proven silver districts exclusively in China and Mexico
See more information about Silver Dragon Resources Inc.
Silver Dragon reports more promising silver-lead-zinc mineralisation at Dadi, Inner Mongolia
Silver Dragon Resources Inc (OTCBB: SDRG) reported further encouraging
results from the Dadi silver-lead-zinc polymetallic project in Inner
Mongolia, Northern China, where owner Sanhe Sino Top Resources and
Technologies Ltd - a 40 pct affillate of Silver Dragon - during recent
drilling encountered 15 mineralised intervals of high grade.
One
of the intersections of hole ZK0401 returned 15.3 meters grading on
average 914.8 grams per ton of silver, 7.58 percent lead and 9.11
percent zinc.
The hole was completed to a depth of 446 meters
and revealed significant silver, lead, and zinc mineralization, many of
which at greater depths, which may form new mineralized zones.
Drill
hole ZK0401 is located at exploration line No. 4, the purpose of which
was to detect dipping extensions of mineralized body No II, which were
revealed by near-surface tunneling.
Silver Dragon will report more date from the ongoing drilling and tunneling at Dadi as it becomes available.
Dadi
is one of the eight exploration properties of Sanhe Sino-Top Resources
and Technologies, a Chinese company which holds exclusive exploration
rights to these properties located in the prolific Erbahuo Silver
District in Inner Mongolia, China. The Dadi exploration area covers
12.48 square kilometers.
Silver Dragon controls 40 percent of
the group, the Gansu Shengda Group 52 percent and HIC holds 8 percent.
Sino-Top holds exclusive exploration rights to eight properties and
mining rights to one property, the Erbahuo silver mine, in Inner
Mongolia, covering a total area of 261.25 square kilometres.
In
2008, the Erbahuo silver mine was spun off from Sino-Top and put under
a separate entity, Chifeng Silver Dragon Resources & Technologies
Ltd, a US-Chinese joint venture that is currently 70 percent owned by
Silver Dragon and 30 percent by HIC.
