VANCOUVER, British Columbia, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases its updated Mineral Reserve and Mineral Resource (“MRMR”) estimates as of September 30, 2023.

To provide further clarity, on a go-forward basis, the Company is referring to specific assets within the Eldorado Gold Quebec portfolio as the Lamaque Complex. The Lamaque Complex includes the Triangle Mine (Upper and Lower), the Ormaque Deposit, the Parallel Deposit, the Plug #4 Deposit, and the Sigma Mill. This is consistent with how assets are described in the current technical report titled “Technical Report for the Lamaque Project, Québec, Canada’’ with an effective date of December 31, 2021.

Mineral Reserves Update

The Company’s Proven and Probable Gold Mineral Reserves (“2P Reserves”), totalled 11.7 million ounces as of September 30, 2023(i), a decrease of approximately 5% from the previous MRMR statement as of September 30, 2022. Excluding depletion, the 2P Reserves year over year remained relatively flat. The complete table of Mineral Resources and Mineral Reserves can be found at the end of this release.
(i) See “Mineral Reserve Notes” following the detailed tables at the end of this news release. see & read more on
https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2023/Eldorado-Gold-Releases-Updated-Mineral-Reserve-and-Mineral-Resource-Statement-2023-Gold-Mineral-Reserves-of-11.7-million-ounces-and-Measured-and-Indicated-Gold-Mineral-Resources-of-19.0-Million-Ounces/default.aspx

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Eldorado Gold Provides Exploration Update Highlighting Increased Confidence on Ormaque; Announces Executive Management Appointments
Dec 13, 2023
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VANCOUVER, British Colombia, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado”, the “Company” or “We”) is pleased to provide an update on exploration results from the Ormaque deposit, part of the Lamaque Complex, in Quebec, Canada.

“We are excited to see Ormaque resources continuing to grow, adding ounces to both Indicated and Inferred Resources, as reported in our September 30, 2023 Mineral Reserve and Mineral Resource statement, published on December 13, 2023," said George Burns, President and CEO of Eldorado Gold Corporation. “In addition to this, we are encouraged by the results of our 2023 exploration program that increase our confidence and demonstrate opportunity for expansion beyond the current Mineral Resource.”

“Supporting our development strategy in Quebec, plans are being advanced to declare initial Reserves for Ormaque in late 2024 with completion of a pre-feasibility study, and exploration drilling will continue to test resource expansion opportunities. We will also drive a drift off the decline next year into one of the lenses for a bulk sample to test our geological assumptions, mining method and for metallurgical test work. Additionally, our Exploration team continues to explore other near mine opportunities in the Val-d’Or district, capitalizing on our strategic footprint in the prolific Abitibi region.” see & read more on
https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2023/Eldorado-Gold-Provides-Exploration-Update-Highlighting-Increased-Confidence-on-Ormaque-Announces-Executive-Management-Appointments/default.aspx