Dear Eric,
Silver Dragon Reports on Exploration Targets in China
BEIJING, May 2, 2012 (PRIME NEWSWIRE) - Silver Dragon Resources Inc. (OTCBB: SDRG) ("the Company") is pleased to announce that its 40% equity owned joint venture Sanhe Sino-Top Resources & Technologies, Ltd. ("Sino-Top'') has commenced this year's approved exploration program on three of its properties in Northern China. The exploration targets include 4,000 meters (incl. 1,000 meters contingency) drilling, 3,000 meters tunneling, and 500 meters trenching at Dadi; 4,000 meters (incl. 1,000 meters contingency) drilling, 700 meters tunneling and 500 meters trenching at Laopandao; 4,000 meters drilling and 5,000 meters trenching at Aobaotugounao.
"We continue to aggressively develop our assets in China" commented Marc Hazout, President and CEO of Silver Dragon Resources. "We have seen great success with Dadi and Laopandao and our Partners HIC and Shengda share in our enthusiasm to grow our resource base and develop all of our properties in the Erbahuo silver belt. This year, we are accelerating exploration at our Aobaotugounao property and preparing our Dadi project for production with the submission of our mining licence application with the ministry."
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About Silver Dragon Resources Inc.
Silver Dragon Resources Inc. (OTC:SDRG) is a mining company focused on the acquisition, exploration, development and operation of silver mines in proven silver districts in China and Mexico. Silver Dragon's objective is to acquire silver mining assets that contain promising exploration targets, and/or producing properties with significant untapped exploration potential. It is management's objective to grow Silver Dragon into a significant silver producer by acquiring properties in Mexico and developing the Company's seven Erbahuo properties in China. With operations in Mexico, the world's leading producer of silver, and in China, the world's largest consumer of silver, Silver Dragon is prepared to participate in China's increasing demand for silver.
Thank you for your interest in Silver Dragon Resources Inc.
Silver Dragon is based in Canada.
Silver Dragon holds various exploration projects in China.
Its main asset in production is ERBAHUO in China and its main exploration properties are CERRO LAS MINITAS in Mexico and LAOPANDAO BEIHOU, DADI, LIANGDI, SAIHANAOBAO, AOBAOTUGOUNAO, YUANLINZI, SHIDIDONGGOU and ZHUANXINHU in China.