Eldora Gold Resources Set to Showcase GravSep™ at Upcoming PDAC Conference in Canada

(Toronto) – Held annually in Toronto, the Prospectors & Developers Association of Canada (PDAC) produces the world’s leading convention and trade show for the mineral exploration industry. Eldora Gold is pleased to announce it will be participating in the Prospectors Tent at PDAC 2011, excited to showcase both GravSep™ and early results from the Kirkland Lake project.  The PDAC Trade Show attracts 22,000 delegates from 118 countries, and features 400 exhibitors showcasing the latest technologies, products, services and mining jurisdictions to the global mining industry.

The sold out Trade Show, appeals to critical decision-makers within companies, organizations and governments, and provides Eldora Gold an excellent forum to renew international acquaintances and introduce GravSep™ to possible strategic partners.  Also joining these decision makers are consultants, exploration managers and development professionals, geoscientists, prospectors, mining service sector representatives and mining media from around the globe.

To promote the company, target potential clients and foster new business opportunities, Eldora Gold will operate Booth 3207, March 6-9 2011.  Eldora Gold has developed and is offering a physical separation process, called GravSep™, for extracting mineral content from tailings.  

Upon conducting sample testing and evaluating those results, Eldora Gold’s Tailings Processing division intends to set up a milling operation on its first prioritized tailings disposal site in Kirkland Lake.  Extracted concentrates will contain the majority of the minerals with recoverable metallic values residing in the tailings, which coincidentally are the minerals responsible for the adverse environmental consequences of the original tailings’ disposal.

Profitably addressing the critical clean-up challenges that face owners of former mining sites globally, the chemical-free GravSep™ process enables niche deposits to be considered for successful treatment and rehabilitation, while extracting and recovering valuable mineral concentrates which have significant deleterious environmental effects when left in-situ.  Eldora Gold provides portable and simple to maintain equipment that can be specifically tailored to each deposit.

Tailings have always been an unwanted byproduct of mining from an environmental standpoint, greatly affecting wildlife and water tables for years to come.  GravSep™ drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.  The result is cleaner tailings. The profitable sale of the recovered mineral concentrate provides the incentive to use Eldora Gold technology to stop the destruction of the environment.

Eldora Gold Resources News: Gold Near Record on Euro Fears, US Debt Talk

NEW YORK, Economic Times, Reuters: Gold rallied to near its all-time high on Tuesday, as investors sought a safe haven on fears that European officials were failing to stop a debt crisis from spreading and uncertainty related to frantic US talks to raise its debt limit.

After trading flat for most of the day, bullion suddenly spiked at the end of the US pit session to extend its rally for a seventh day, as crude oil and other commodities rallied and as the euro pared gains.

Eldora Gold Resources News: Gold Near Record on Euro Fears, US Debt Talk - Bullion has gained over 6 per cent this month on fears about a deepening euro zone crisis, now trading less than $5 below its all-time high of $1,575.79 set on May 2. Gold priced in euro and sterling hit record highs for a second consecutive day.

"With the euro zone debt crisis and the US debt ceiling talks, there is a tremendous flight to quality. Gold is the commodity to invest in because the currencies aren't doing well," said Mihir Dange , COMEX gold options floor trader for Arbitrage LLC.

Spot gold was up 1 per cent at $1,568.89 an ounce by 2:43 p.m. EDT. US COMEX August gold futures settled up $13.10 at $1,562.30, after trading between $1,541.10 and $1,574.30.

US trading volume was around 170,000 lots, one of the heaviest since the start of June, as investors switched their focus back on the gold market as equities have slumped

Financial markets hammered European assets after euro zone finance ministers opened the door to a possible Greek default and failed to prevent contagion spreading to Italy and Spain .

Gold in euros rose for a third day, climbing 1.5 per cent to hit a record above 1,123 euros.

Gold priced in higher-yielding currencies, which also suffered the brunt of investor distaste for risk, such as the Australian dollar, the South African rand or the Canadian dollar, also rallied.

"If you live in Greece , you are going to buy gold because that's the hard money you still trust," said Axel Merk , portfolio manager who oversees $700 million in mutual fund assets at Merk Investments .

DENNIS GARTMAN PARES EURO GOLD TRADE

Independent investor Dennis Gartman, who has called for buying gold in non-US currency terms, however, has trimmed his euro-priced gold positions on worries about an overbought trade.

"Everywhere we turned yesterday the talk was of the gold/euro trade. In that environment it is perhaps wise if we remove ourselves quietly from the party, reducing our exposure by one-third...," Gartman said in a note.

The euro hit a four-month low against the dollar and another record low against the Swiss franc on fears euro zone leaders were failing to prevent a debt crisis from spreading.

Fears that the debt crisis is spilling over the other European countries have boosted gold. The main measure of Italy's borrowing costs broke above 6 per cent for the first time in 14 years as the euro zone's third-largest economy was sucked into the bloc's debt crisis.

US DEBT CEILING RAISES UNCERTAINTY

Also underpinning gold is growing uncertainty over a deal to raise the US debt ceiling to preserve the good faith and low borrowing costs for the world's largest economy.

The US dollar's reserve currency status would also be severely undermined and that would boost gold, if the country defaults on Aug. 2, the US imposed deadline to raise the debt limit.

The next two key risk events for gold will be US Federal Reserve Chairman Ben Bernanke's semi-annual testimony on monetary policy to Congress on Wednesday.

Spot silver gained 1.4 per cent to $36.17 an ounce. Among platinum group metals, platinum was up 0.8 per cent at $1,734.49 an ounce, while palladium rose 0.3 per cent to $766.47. Prices at 2:43 p.m. EDT (1843 GMT)

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Eldora Gold Resources Launches GravSep™; Process Set to Rehabilitate Tailings Sites

(Toronto) – Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase.  With GravSep™ on site, Eldora will use a combination of physical separation processes to extract a concentrate from the first selected mill tailings site in Kirkland Lake, Canada.  This concentrate will contain the majority of the recoverable metallic values in these former tailings, as well as the majority of the minerals responsible for the adverse environmental consequences of the original tailings disposal.

The proprietary process includes the preparation of a recirculating water pond, whereby final tailing separation from pulping water will provide recirculating water for pulping fresh feed, thus no continuous use of fresh water is required. After pulping the excavated feed and pumping the pulp through the physical separation process, Eldora anticipates ultimately discharging a tailing material in a form suitable for environmental rehabilitation of the site.

Eldora Gold anticipates, based on initial testing, that the auspicious debut (1/2 tonne per hour) of GravSep™ will result in not only the recovery of valued minerals, but also the rehabilitation of former tailings sites.  Given the assembly of its portable equipment, Eldora intends to provide a dual benefit from the operation of GravSep™ units: by marketing the resultant concentrate into suitable channels and also providing a low-energy green solution to mining communities.

The GravSep™ is designed to be scalable, and is suited for small deposits less than 300,000 tonnes that cannot support permanent high capital cost equipment installations.  The anticipated advantages for Eldora’s proprietary environmentally-friendly physical separation processing, which can be tailored to each specific deposit, now include potential  for successful treatment and rehabilitation for many smaller size deposits using simple to maintain and operate equipment, as well as chemical-free processing. Pumping is the single major energy input, and it extracts and recovers valuable mineral concentrates which also have significant deleterious environmental effects when left in-situ.

From an environmental standpoint, tailings have always been an unwanted by-product of mining.  These tailings are left in piles and potentially leach environmentally-destructive materials into the surrounding soil and groundwater.  Processing tailings thus also reduces the negative environmental impact of remaining minerals from the original mining process.

Eldora Gold Should I Invest in Gold Using SPDR Gold Trust?

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GoldBullionPro.com is all about investment in precious metals such as gold, silver, platinum, palladium and rhodium. Our experts will provide you with a useful information about gold and other precious metals investment strategy every day. Stay tuned!

Eldora Gold Resources News: Gold regains 20k level on seasonal demand

Eldora Gold Resources Latest News: New Delhi, Gold prices regained Rs 20,000 per 10 gram level and silver rose to an all-time-high in the national capital on frantic buying by stockists and jewellers to meet ongoing festive and marriage season demand, amid a firm global trend.

As the gold prices rose by Rs 75 to Rs 20,000 per 10 gram, a level last seen on October 19, the silver spurted by Rs 200 to Rs 37,700 per kg, a level never seen before.

Trading sentiment turned extremely bullish after silver surged to 30-year high in overseas markets, as a weaker dollar increased the investment appeal of precious metals.

While the silver in overseas markets, which normally set a price trend on the domestic front here, rose 1.2 per cent to USD 25.05 an ounce, the highest level since March 1980 and gold to a two-week high by rising 0.2 per cent to USD 1,361.45 an ounce.

Buying activity further fuelled retailers and jewellers to buy for coming Diwali and Dhanterus, the two most auspicious days in Hindu mythology for making new purchases of precious metals.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - On the domestic front, the gold of 99.9 and 99.5 per cent purity rose by Rs 75 each to Rs 20,000 and Rs 19,900 per 10 gram, respectively. Sovereign also gained Rs 50 to Rs 15,950 per piece of eight gram.

Silver ready spurted by Rs 200 to an all-time high of Rs 37,700 per kg and weekly-based delivery by Rs 240 to Rs 37,295 per kg.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - Silver coins spurted by Rs 620 to a new peak level of Rs 42,500 for buying and Rs 43,000 for selling of 100 pieces. The silver coins normally used for worshipping on Diwali, witnessed maximum buying.

 Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.

The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service.

Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology.

Mineral Recovery and Mining Industry in Canada

Eldora Gold Resources was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. 

There are 3 core founders, each with a unique and extensive background.

The President of Eldora Gold Resources has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service.

Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc in Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology.

Eldora Gold Resources Mineral Recovery and Mining Industry Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc  In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques. 

Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for exacting mineral content from mining tailings.

Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.

Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange – Open Market.

The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com

Tailings Processing. Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.

Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.

Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.

Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.