Eldorado Gold Announces Maiden Inferred Mineral Resource of 803,000 Ounces at 9.5 g/t Gold at the Ormaque Deposit in Quebec - Seite 3

Lamaque Operations Background and Regional Strategy

The Lamaque Operations is home to a number of large prolific gold mines, including the historic Sigma and Lamaque mines that together produced almost 10 million ounces of gold. Today, it hosts Proven and Probable gold reserves of over 1 million ounces, Measured and Indicated Mineral Resources of 1.8 million ounces of gold, and Inferred Mineral Resources of 2.8 million ounces of gold at the Triangle, Plug #4, Parallel, and Ormaque deposits.

Our strategy in the region is designed to add a pipeline of organic opportunities within and proximal to the Lamaque-Triangle Mine, which can be exploited by leveraging existing infrastructure and Eldorado’s strong operational, exploration and stakeholder expertise. We aim to achieve this by increasing our footprint in the Abitibi Greenstone Belt and through providing additional ore sources to optimize the Sigma Mill, which has a permitted capacity of 5,000 tonnes per day, far exceeding current usage of 2,200 tonnes per day.

Figure 1: Location map showing Lamaque Operations.
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Figure 2: Geological map showing the surface projection of the Ormaque deposit and traces of drillholes incorporated in the new resource.
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Figure 3: Cross section 295675E through the center of the Ormaque deposit showing the geometry of mineralized lenses used in resource estimation, localization within a corridor defined by steeply north-dipping shear zones and intrusive contact.
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Figure 4: East-West longitudinal section through the Ormaque deposit looking north showing extent of mineralized lenses and areas untested by previous drilling along strike and at depth. Section represents a 70° north-dipping slice 300m wide through the center of the deposit
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About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).