This year the company has added 844,000 ounces of gold in the measured and indicated category and 519,000 ounces of gold in the inferred to its total overall resource for Valentine Lake.
The inferred resource of 381 million tonnes was based on 98 diamond drill holes Eldorado completed mainly in 2017 and 2018 and a further 17 drill holes by European Goldfields between 2002 and 2004.
The mine is 307 km northwest of the nation’s capital of Accra, and is situated along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in western Ghana.