CORRECTION – Eldorado Gold

Two articles appearing in The Northern Miner in recent weeks, both dealing with Eldorado Gold (ELD-T), require correction.

The article “Eldorado expands zone at Kisladag” (T.N.M., April 29/02) was an old item, which appeared by accident when the wrong file was typeset. This error was not caught in proof, and the result was that a nearly 2-year-old story was re-run. The Miner apologizes to its readers for this mistake.

In the article “Eldorado Gold eyes production in Turkey” (T.N.M., April 15/02), the caption to a photograph incorrectly identified the project area as Efemcukuru, when in fact it was Kisladag. It also said the area was under cultivation, when it has mainly scrub vegetation with some farming and pastureland.

In addition, typesetting errors juxtaposed the wrong paragraphs near the end of the story, so that the geology of two properties appeared under the wrong headings. The article should have read as follows:

Other projects

– Kaymaz — Eldorado also holds that Kaymaz gold deposit on the Anatolian Plateau in west-central Turkey, 72 km east of the provincial capital of Eskisehir.

Gold mineralization is hosted in a sequence of deformed and altered marine sediments and associated ophiolites. A 1997 feasibility study pegged minable reserves at 799,000 tonnes grading 6.77 grams gold. The reserves can be mined by open-pit methods, with annual production over a 7-to-8-year mine life projected at 25,000 oz. Cash operating costs would be under US$200 per oz.

– Efemcukuru — This 30 sq.-km project, which has entered the permitting stage, is near the coast of western Turkey, some 20 km from Izmir. Efemcukuru hosts reserves of 1.9 million tonnes grading 13.14 grams gold.

Gold mineralization is hosted by the 2-km-long Kestane Beleni vein structure. The vein consists of quartz and quartz rhodonite, with locally abundant sulphide mineralization. Results from drilling in 1996-97 suggest the mineralization extends to a depth of at least 300 metres. The top 100 metres of the vein show secondary enrichment.

– Kucukdere — This wholly owned property lies near the west coast of Turkey, some 110 km north of the coastal city of Izmir. Resources stand at 1.4 million tonnes grading 6.43 grams gold. Gold mineralization is hosted in andesitic porphyry occurring in a series of quartz-carbonate veins. So far, five vein zones have been identified; these consist of lenses and pods which extend over nearly 4 km.

We apologize to our readers, and to the subject of the story, for any confusion these errors may have created.

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