Eldorado Announces Strong Exploration Results of Multiple New High-Grade Zones in Canada and Greece and Increases 2026 Exploration Investment, Reinforcing Confidence in Discovery Strategy

Core Insights - Eldorado Gold Corporation has announced the discovery of four new high-grade zones at the Lamaque Complex and the initiation of studies for potential expansion [1][3] - The company has identified a new high-grade gold and silver zone, the NW Zone, and high-grade extensions of the West Flats Zone at Olympias, along with a gold-copper skarn system along the Stratoni Fault [1][3] Exploration Highlights - At the Lamaque Complex in Quebec, high-grade mineralization has been confirmed across multiple deposits, with significant intercepts including: - Ormaque South-East: 13.5 m at 13.59 g/t Au and 4.1 m at 15.65 g/t Au [3] - Ormaque West extension: 1.0 m at 338.66 g/t Au and 1.2 m at 81.98 g/t Au [3] - Garnet Zone: 5.0 m at 7.31 g/t Au and 1.7 m at 10.05 g/t Au [3] - Historic Lamaque Mine extensions: 4.2 m at 8.02 g/t Au and 1.7 m at 34.77 g/t Au [3] Greece Exploration - The Olympias NW Zone has been identified within 200 meters of mine infrastructure, with notable drill results including: - 7.55 m at 18.93 g/t Au, 123.15 g/t Ag, 3.17% Pb, and 0.43% Zn [3] - 23.4 m at 22.30 g/t Au, 331.19 g/t Ag, 11.74% Pb, and 9.70% Zn in the West Flats area [3] - The Stratoni Skarn has shown promising results with intercepts such as 42.75 m at 0.83 g/t Au and 0.49% Cu [3][40] Future Plans - The company plans to increase its exploration budget for 2026 to between $75 million and $85 million, focusing on resource conversion and expansion drilling [7][52] - Approximately 80,000 to 90,000 meters of drilling is planned across the Lamaque-Bourlamaque property, targeting extensions of existing resources and new opportunities [26][27] Strategic Partnerships - Eldorado is pursuing early-stage exploration opportunities through partnerships with junior exploration companies and local entities, enhancing its exploration footprint [49][50] Investment in Exploration - Total exploration spending increased to approximately $51 million in 2025, with a projected increase to $75 million to $85 million in 2026, reflecting the company's commitment to organic discovery and resource expansion [51][52]