Silver Dragon Resources - Guardians of Hidden Treasures
Toronto, Ontario Canada (PRWEB) June 01, 2011
Silver Dragon Resources, Inc. (SDRG.OB) after becoming a publicly traded company in 2005, has begun its climb to generating revenues from mining and silver exploration in China. Silver Dragon Resources, one of only three Western companies permitted to do silver mining and exploration in China, will begin to take silver out of their Erbahuo operation in Northern China, which is close to Mongolia, 800k north of Beijing starting this July 2011. The Erbahuo site, which is slated to yield some 5 million silver, inferred ounces should initially generate approximately US$100,000.00 in net revenues per month marking the long road of work and building the infrastructure that has been the history of Silver Dragon Resources to date. “To have worked so long and through many challenges, it is a significant benchmark for us to have reached the point of finally generating substantial revenues for us and our shareholders,” states Alessandro Motta, CISSP Vice President, Investor Relations. At current market value of silver the estimated worth of the Erbahuo site alone is more than US$ 190,000,000.00 in revenues over the life of the mine.
The demand for silver and other precious metals is growing. This is exemplified in the trend as seen when States like Utah in the US has legalized gold and silver coins as currency. The law that just passed a few weeks ago in Utah is part of growing movement as seen in Minnesota, another US state that has taken a step closer to joining Utah in making gold and silver legal tender and North Carolina, Idaho, and at least nine other US States have similar bills drafted to put the metals back in circulation.
For more information or an interview with Silver Dragon Resources, Inc. 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