Silver Dragon Resources - Guardians of Hidden Treasures
Toronto, Ontario, Canada (PRWEB) July 13, 2011
Silver Dragon Resources, Inc. (SDRG.OB) has commenced silver mining production at one of its Chinese partnered sites in Erbahou. With the current market value of silver again approaching all time highs the excitement is driving this operation. “We are excited to see the Erbahuo mine has formally commenced production with the assistance of our strategic partner,” commented Marc Hazout, President and CEO of Silver Dragon Resources. “With strong partnerships and silver prices at historical highs, we are confident the Erbahuo mine will be a successful operation with revenues reflected in our financial reporting this year.”
Silver Dragon Resources outlines more specifics in this official release dated 12 July 2011 from REUTERS. The Erbahou site may yield as much as US$ 190,000,000.00 in revenues over the life of the mine as stated in the release Silver Dragon Starts to Dig Out covered by American Banking and Market News Billionaires.Forbes.com recently.
To add to the excitement of this project initial reports show the prospects of additional resources available in Erbahou. "I am very pleased with our mine operator's efficiency and quality of work and look forward to good profits," stated Guoqiang Hao, director of Silver Dragon and Huaguan Industrial Corp. ("HIC"). "Moreover, the current mining operation has also revealed some new ore-finding clues that may lead to additional resources, which may significantly boost the profitability of our Erbahuo project."
Silver Dragon Resources is a uniquely structured company of the future in the way it has put together global resources to maximize profitability in the new world economy as covered by CBS Money Watch in the story Silver Dragon Resources Structuring For A New Global Market.
Silver Dragon Resources Inc. is a mining and metals company focused on the acquisition, exploration, development and operation of silver mines in proven silver districts exclusively in China and Mexico.
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 acquiring properties in Mexico and developing its seven Erbahuo properties in China. Silver Dragon is preparing to participate in China’s increasing demand for silver.
Silver Dragon Resources, Inc. is one of only three Western companies permitted and licensed to conduct silver exploration and mining in China.
For more information or an interview with Silver Dragon Resources, Inc. (SDRG.OB) please email or call for scheduling:
Marc Hazout, President & CEO
Alessandro Motta, Vice President, Investor Relations
Toll Free (North America): 1-866-512-SDRG (7374)
416-223-8500 outside the US/Canada
Silver Dragon Resources, Inc. (SDRG.OB) Silver Dragon Resources - Guardians of Hidden Treasures http://www.SilverDragonResources.com
Copyright © 2011 All rights reserved.
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