The Eldorado Gold Corporation has reported that the Ministry of Health in Turkey has issued the establishment permit for the Kisladag gold project. The company's 100 percent owned Kisladag project containing 5.1 million ounces of gold in proven and probable reserves is being advanced through the permitting process with construction planned to commence in the second quarter of 2004.
The permit provides approval for water use and effluent discharge plans, as well as defining the health protection zone and medical treatment facilities for the mine operation. Two permits remain to be obtained prior to construction and the commencement of production. The opening permit and the construction permit are anticipated early in 2004.
Eldorado’s drilling programs carried out in the second half of 2003 focused on three prospects located in the Biga peninsula of western Turkey. Previous work in these areas identified mineralized targets, which are being drill tested using the company's reverse circulation drill rig. Total drilling on these projects is expected to reach approximately 1,600 meters by year-end. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
