Eldorado Gold Announces Strong Exploration Results and Boosts Investment for 2026
Eldorado Gold Corporation, a prominent mining company, has unveiled impressive exploration outcomes from its operations in Canada and Greece, marking a significant step forward in its discovery strategy. The company is increasing its exploration investment for 2026, reflecting heightened confidence in its global mineral prospects.
New High-Grade Zones Discovered at Lamaque Complex in Quebec
At the Lamaque Complex located in Quebec, Eldorado has identified four new high-grade zones, enhancing the potential for expansion near existing infrastructure. Key highlights from the Lamaque area include:
- Ormaque South-East Zone: A newly discovered flat-lying vein system extending over at least 500 metres vertically, with intercepts such as 13.5 metres at 13.59 grams per tonne (g/t) of gold.
- Ormaque West Extension: Narrow high-grade veins stretching over 300 metres west of the Ormaque Mineral Resource, including a notable intercept of 1.0 metre at 338.66 g/t gold.
- Garnet Zone: A gold-mineralized shear zone on the north side of Ormaque, featuring intercepts like 5.0 metres at 7.31 g/t gold.
- Historic Lamaque Mine Extensions: Southerly extensions to the historic mine, with results such as 4.2 metres at 8.02 g/t gold.
These discoveries are part of ongoing studies aimed at potentially increasing throughput at the Sigma mill from its current capacity of approximately 2,500 tonnes per day towards a fully permitted 5,000 tonnes per day.
Significant Findings at Olympias and Stratoni in Greece
In Greece, Eldorado has made notable advancements at its Olympias and Stratoni sites. The Olympias North West Zone, located within 200 metres of existing mine infrastructure, has yielded high-grade intercepts including 7.55 metres at 18.93 g/t gold and 123.15 g/t silver. Additionally, the Olympias West Flats area has shown thick massive sulfides beyond the current Mineral Resource, with results like 23.4 metres at 22.30 g/t gold.
At Stratoni, a newly discovered gold-copper skarn system adjacent to previous operations has been identified, featuring intercepts such as 42.75 metres at 0.83 g/t gold and 0.49% copper. These findings underscore the potential for further resource development in the region.
Increased Exploration Investment and Strategic Confidence
In response to these successful exploration results, Eldorado Gold is ramping up its investment in exploration activities for 2026. George Burns, Chief Executive Officer of Eldorado, emphasized the company's commitment to generating exceptional outcomes from its global programs. He highlighted the opportunities for low-risk, capital-efficient organic growth and sustained value creation within Eldorado's portfolio, particularly in Quebec and Greece.
The company's strategy focuses on leveraging these new discoveries to extend mine life and enhance operational efficiency, reinforcing its position in the competitive mining sector.
