Apr 22, 2011

Posted by in Commodities | 0 Comments

EARH Stock

 

EARH: (OTC.OB)

 

The company released a press on Thursday that involves a summary of its operations and we must say that we are very impressed.
  • Earth Dragon Resources Summarizes Recent Activity and Future Goals

As announced previously, Earth Dragon Resources EARH has recently entered into joint venture agreements with two notable gold mining companies located in Africa in order to further exploratory operations upon several properties known to be prospective for gold while developing plans for commercial extraction at those locations.

Read Full Press Release Below:

TOKYO–(Marketwire – 02/03/11) – Earth Dragon Resources, Inc. (OTC.BB:EARH – News) (“Earth Dragon,” or the “Company”) wishes to provide a summary of recent activity.

As announced previously, Earth Dragon has recently entered into joint venture agreements with two notable mining companies located in Africa in order to further exploratory operations upon several properties known to be prospective for gold and to develop plans for commercial extraction at those locations.

Earth Dragon Resources and Chisu Gold Mine Limited (“Chisu Gold”) have agreed to jointly conduct mining operations on gold concessions located in the Chunya District of Tanzania. The Company anticipates the development of a N.I. 43-101 report to be completed in April 2011 detailing the resource asset and putting forward recommendations for production efforts at the Chisu Gold Project.

The Company also entered into an agreement with Netas Mining Company Ltd. (“Netas Mining”) in order to conduct similar activities upon two gold properties at Nkwanta and Asuogya, Ghana.

Activities at the two Ghana properties include:

* Over 500 samples taken during a 2010 field study. * Four significant high grade veins identified at Nkwanta and Asuogya. * Production by local artisanal miners has been ongoing for over 50 years. * 10,000 ounce production to begin immediately upon completion of scoping study. * 35 individuals currently employed excavating and sampling gold targets on the Nkwanta Concession focusing on the previously identified hard rock vein deposits.

Company President & CEO Thomas Herdman commented, “Earth Dragon has received positive lab results from the 2010 Field Study and is optimistic the relationships with Netas Mining and Chisu Gold will prove both constructive and profitable. Management is buoyed by recent events and believes the Company is moving in a manner appropriate and consistent with the interests of the Company’s shareholders.”

Additional details regarding the Company and its agreements are filed as part of the Company’s continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s (“SEC”) EDGAR database.

EARH Stock Project Locations

ABOUT EARTH DRAGON RESOURCES, INC. (OTC.BB:EARH – News) Earth Dragon Resources is a mineral exploration company with a strategic focus on the purchase and development of high quality production-stage gold projects in Africa. The Company is currently developing highly prospective gold deposits in the Ashanti Gold Belt of Ghana and the Lupa Goldfield in the Chunya Mining District of Tanzania with plans to expand ongoing exploration and mapping efforts to include pilot plant production. For more information visit: www.earthdragonresources.com.

 

 

Learn more about the company by visiting their website: http://www.earthdragongold.com/

Always do your own due diligence and research before investing coupled with consulting with a financial professional for additional insight.  Read more stock market news:

 



Comments are closed.