DURANGO, MEXICO, March 19 /CNW/ - Silver Dragon Resources Inc.
(OTCBB:SDRG) is pleased to report that its wholly owned subsidiary, Silver
Dragon Mining de Mexico, S.A. de C.V., is continuing advance of the Guadalupe
Ramp to access the mineralized bodies discovered by drilling during 2006 in
the Puro Corazon area. To date, 300 linear meters of the old Guadalupe Ramp
have been rehabilitated and widened to 3.5 X 4 meters to provide access for
underground drilling, mining and ore-hauling equipment. Forty-five meters of
new advance, beyond the rehabilitated portion of the existing Ramp, were
completed by the end of February and advance of the Ramp is continuing on
Driving of the new advance of the Ramp has encountered previously unknown
Ag, Pb, Zn, Cu mineralization consisting of both oxide and sulfide horizons.
These bodies are newly discovered extensions of the deposits previously mined
in the El Gringo mine. Mapping and sampling of the new discoveries is in
progress. The discovery of the new mineralized structures in the area has
revealed the existence of substantial additional, unexploited mineralization
near the El Gringo shaft which has no surface manifestations. We anticipate
that we will develop substantial additional blocks of mineralized material in
the El Gringo area in the coming months.
Metallurgical testing of both oxide and sulfide mineralization at Cerro
Las Minitas has begun. Testing is being done by SGS Minerals Services, a
division of SGS Group, the world's leading inspection, verification, testing
and certification company. Testing is being done at SGS's new Durango, Mexico
minerals testing facility. Results of testing will characterize ore types at
Cerro Las Minitas and specify milling options for the most effective recovery
of metals from mineralized material.
Drilling completed in 2006 revealed the existence of several mineralized
bodies in the Puro Corazon area and allowed the identification of potential
for more than 750,000 tons of mineralized material in those bodies.
In early March 2007, Silver Dragon began its second surface drilling
program to further explore mineralization discovered in 2006 and explore
additional prospective areas identified by geologic, geochemical and
geophysical data. Our goal is to define additional mineralized material in the
Puro Corazon, El Gringo and La Bocona areas during the next three months.
Seven thousand (7000) meters of both surface and underground core drilling are
planned for 2007.
About Cerros las Minitas
Cerros las Minitas is comprised of 16 concessions covering 1423 Hectares.
It is located in Durango, Mexico and comprises the Cerro Las Minitas mining
district, part of the prolific silver belt of the Sierra Madre Occidental.
Silver Dragon Resources Inc. through its wholly owned Mexican Subsidiary
Silver Dragon Mining de Mexico S.A. De C.V. acquired the property in March
About Silver Dragon
Silver Dragon Resources Inc. is a mining and metal company focused on the
exploration, acquisition, development and operation of silver mines in proven
silver districts globally. Silver Dragon's objective is to acquire silver
mining assets that contain promising exploration targets, have highly
leveraged, out-of-the-money silver deposits, and/or producing properties with
significant untapped exploration potential. It is management's objective to
grow Silver Dragon into a significant silver producer by developing the Cerro
las Minitas and the Erbahuo projects in Mexico and China. For more
information, please visit the Company's website at:
www.silverdragonresources.com (now available in Chinese).
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays
beyond the company's control with respect to market acceptance of new
technologies or products, delays in testing and evaluation of products, and
other risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
For further information:
For further information: Silver Dragon Resources Inc. Marc Hazout,
President, 416-223-8500 or Toll Fee: 1-866-512-SDRG (7374) Email: