Silver Dragon Resources Inc. is a mining and metal company focused on the exploration, acquisition, development and operation of silver mines in proven silver districts globally.
Silver Dragon's objective is to acquire silver mining assets that contain promising exploration targets, have highly-leveraged, out-of-the-money silver deposits, 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 the Cerro las Minitas and the Erbaohuo projects in Mexico and China.
Corporate Strategy - By leveraging existing relationships with those in the silver industry, Silver Dragon seeks to build a large and diversified silver portfolio. The portfolio will comprise three distinct types of mining properties:
Promising exploration targets;
Highly-leveraged, out-of-the-money silver deposits; and
Former producing properties with significant untapped exploration potential.
Silver Dragon is focused on expanding a reserve base of undercapitalized assets through opportunistic acquisition and development, starting with the completion of NI 43-101 compliant drill programs.
ØDrill program completed at Cerro las Minitas, Mexico. Initial NI 43-101 Resource report released in the first quarter of 2007.
ØChina projects being aggressively drilled with a focus on expanding the current known resource base. Initial NI 43-101 Resource for Erbahuo property released in the second quarter of 2007.
ØInitial NI 43-101 Resource analysis for Laopandao Beihou property commenced third quarter of 2007.
ØConversion program to Canadian Standard NI 43-101 from 122b underway for remaining seven properties.
ØThe reserve calculations meet the Chinese 122b level of confidence (minable ore).
CURRENT RESOURCES
30 -35 million estimated silver equivalent ounces (NI 43-101) at the Cerro las Minitas mine.
6 million ounces of estimated silver equivalent ounces (NI 43-101) at Erbahuo mine; our smallest of nine properties.
320 million ounces of 122b compliant inferred silver resources at the nine Erbahuo mining properties.
David Morgan Reports!
David Morgan, founder of the Silver Investor, spent four years earning a degree in Engineering. Later he went on to obtain a degree in Finance and Economics. Several years ago, Mr. Morgan put his life long study of free-market economics to work researching the economy, stock market behavior, precious metals, especially silver. Although very familiar with gold, Mr. Morgan believed that silver needed more exposure and would be utilized increasingly as technology continued to demand more and more of the metal.
He has followed the silver market daily for over thirty years.
The following two reports were written by David Morgan regarding Silver Dragon Resources properties in the Erbahuo Silver District:
CPM Group's research has concluded for several years that silver prices would have to rise into a new range at some point, as prices below $5.50 were too low to sustain sufficient silver mine production and other supplies to meet longer term silver fabrication demand requirements.
