Silver Dragon Resources - News Release
January 28, 2010
Silver Dragon's Sino-Top Joint Venture Receives Official Business License from Chinese Government Valid Until 2023 BEIJING, January 28, 2010 (PRIME NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB: SDRG) is pleased to advise that it has received a newly-issued business license for Sanhe Sino-Top Resources & Technologies, Ltd. ("Sino-Top"). Sino-Top is a Chinese entity that holds the exploration and development rights to six properties of which Silver Dragon has a 40% equity interest. Its Chinese partners Gansu Shengda Group Ltd. ("Shengda") one of the largest silver miners in China, at 52%, and Huaguan Industrial Corp (HIC), a subsidiary of the state-owned North China Geological Exploration Bureau at 8%, collectively own 60% of Sino-Top. The business license is valid until March 24, 2023. This license includes exploration and development of deposits of copper, lead, zinc, silver, gold and associated metals, as well as the sale of such developed products. The agency which issued the license is the Industrial and Commercial Administration of Sanhe City, Hebei province, China. "The issuance of this license solidifies Silver Dragon's relationships with both Shengda and HIC," commented Marc Hazout, President and CEO of Silver Dragon. "Sino-Top anticipates a very active 2010 development program, commencing with the completion of the initial Dadi NI 43-101 technical report." Read Full Article
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 developing Cerros las Minitas in Mexico and the 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.
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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.