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Tuesday, June 3, 2008

Eldorado Gold commences Efemçukuru construction

Eldorado Gold commences Efemçukuru construction

Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation announces that the Company is in receipt of all permits and approvals necessary to construct its Efemçukuru mine in Turkey.

Site preparation activities are now underway with work initially focused on providing upgraded access to the site and the necessary site clearing.

The Company has received notice that the Fourth Administrative Court in Izmir has ruled in favour of the Environmental Positive Opinion issued by the Ministry of Environment and Forestry for the Project.

The 2008 Exploration Programme has commenced on site with the initiation of surface exploration work aimed at identifying new targets outside of the presently defined resource.

Crews have been conducting soil sampling over an extended grid and preparations are being made for a detailed magnetic survey.

Initial soil sampling has identified extensions to anomalies at the north end of the system and we will be following up with detailed mapping and sampling to better understand the significance of the extensions.

We are excited to have commenced construction activities on our second mine in Turkey and are particularly pleased with the recent court decision confirming the integrity of the Efemçukuru Environmental Impact Assessment, commented Paul N. Wright, President and Chief Executive Officer.

Eldorado is a gold producing and exploration company actively growing businesses in Brazil, Turkey, China and surrounding regions. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities, concluded Mr. Wright.

 


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