Silver Dragon discovers 254 g/t Silver, 1.04% Lead and 3.36% Zinc at its Dadi Silver-Polymetallic Project
BEIJING, May 16, 2012 (PRIME NEWSWIRE) - Silver Dragon Resources Inc. (OTCBB: SDRG) ("the Company") is pleased to announce recent results from the ongoing 2012 drilling program at its Dadi Silver-Lead-Zinc polymetallic property in Inner Mongolia, Northern China. Dadi is a silver-lead-zinc polymetallic project owned by Sanhe Sino-Top Resources & Technologies, Ltd. ("Sino-Top"), of which Silver Dragon Resources Inc. has a 40% equity interest.
Highlights are as follows:
- The current season's work commenced in February 2012, with most of the activity focused on underground drilling and drifting (face drilling);
- Seven underground drill holes and six underground transverse drifts were completed to define mineralization zones II and IV.
- Samples were collected from drill holes and transverse drifts: three transverse drifts at 1,350 meters showed silver-lead-zinc mineralization in mineralization zone II; and one transverse drift revealed silver-lead-zinc mineralization in mineralization zone IV. Three underground drill holes showed silver-lead-zinc mineralization.
- Within transverse drift CM14, a 1 meter long mineralized body was discovered with grades of Ag (silver) 254 g/t,Pb (lead) 1.04%,and Zn (zinc) 3.36%.
Exploration work commenced February 24, 2012, focusing on underground drifting (face drilling) and underground drilling. As of April 30, 2012, seven underground drill holes (ZK1401, ZK1205, ZK1001, ZK0808, ZK0101, ZK0306, and ZK0505) have been completed with a total drilling length of 1,039 meters. In addition, underground drifting, including transverse drifts CM08, CM12, and CM14 to 1,350 meters. Transverse drifts PD4CM02, PD4CM06, PD4CM08 in tunnel PD4 were also completed. The total tunneling length was 692.8 meters, including ore drifts, transverse drifts and transportation tunnels. At present, 149 samples from drill core and channel sampling within the transverse drifts have been analysed.
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