Eldoragoldresources.com - Eldora Gold Resources Ltd. Company News

Eldora Gold Resources Ltd. Information     El Dora 10079 Winona Station, Winona, Ontario Phone: 1 905 361 6450 URL: http://www.eldoragoldresources.com   Eldora Gold Resources Canada was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

Eldora Gold Resources Ltd. Press Release -  Eldoragoldresources.Com

24 JUN	Eldora Gold Resources GT5 Expects Arrival Of New Tailings Test Results From Kenora
	Eldora Gold's Tailings Processing section will start to determine a brand new mill about its first prioritized tailings removal area located in Kirkland River, North America, having already carried out on-site sample screening and outcomes evaluation.

24 JUN	Eldora Gold Resources GT5 Actively Trading On Frankfurt Stock Exchange
	Eldora successfully exhibited its physical splitting up procedure, known as GravSep™, at the PDAC convention in Toronto just last week. The GravSep™ enables the organization to remove valuable mineral content from tailings, and ultimately return those cleaned-out tailings back to the soil.

01 APR	Eldora Gold Resources Expects New Tailings Test Results From Kenora In May
	The result is cleaner tailings. The profitable sale of the recovered mineral concentrate provides mine owners incentive to use Eldora Gold technology to stop the continued destruction of the environment.

25 MAR	Eldora Gold Resources Set To Trade On Frankfurt Stock Exchange
	The result is cleaner tailings. The profitable sale of the recovered mineral concentrate provides mine owners incentive to use Eldora Gold technology to stop the continued destruction of the environment.

02 MAR	Eldora Gold Resources Announces Ticker Symbol, Set To Trade On Frankfurt Stock Exchange
	The profitable sale of the recovered mineral concentrate provides mine owners incentive to use Eldora Gold technology to stop the continued destruction of the environment.

06 FEB	Eldora Gold Resources Initial GravSep (TM) Environmental Tests Provide Positive Results; Eldora's First Step Toward Rehabilitating Tailings Ponds
	Eldora is encouraged by the Net Neutralization Potential (NNP) value of 66.2, as values of NNP greater than 20 are not likely to produce acid.

27 JAN	Eldora Gold Resources Canada Developed New Proprietary Separation Technique
	Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.

26 JAN	GravSep(TM) Launched By Eldora Gold Resources
	Eldora Gold Resources announced the completion of its first pilot plant - GravSep™. Eldora Gold Resources' GravSep™ helps on physical separation processes to extract a concentrate from the first selected mill tailings site in Kirkland Lake, Canada.

14 JAN	Eldora Gold Resources Set To Showcase GravSep(TM) At Upcoming PDAC Conference In Canada
	Held annually in Toronto, the Prospectors & Developers Association of Canada (PDAC) produces the world's leading convention and trade show for the mineral exploration industry.

14 JAN	Eldora Gold Resources Launches GravSep(TM); Process Set To Rehabilitate Tailings Sites
	Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase.

02 NOV	Barrick Gold Achieves Record Q3 Profit As Gold Prices Rise : Eldora Gold Resources News
	Eldora Gold Resources Canada News - Barrick Gold (Nyse:abx), The World's Largest Producer Of The Yellow Metal, Posted A Record Profit For The Third Quarter, As Lower-than-expected Cash Costs And Higher Gold Prices Boosted Overall Production.

22 OCT	About Eldora Gold Resources Canada: Tailings Processing Technology
	Eldora Gold Resources Canada: Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.

Eldora Gold Resources Announces Ticker Symbol; Set to Trade on Frankfurt Stock Exchange

PRLog (Press Release) – Feb 28, 2011 – February 11, 2011 (Winona) – Eldora Gold Resources Ltd., a mineral recovery company, announced today its trading symbol ER5 has been assigned by Deutsche Börse.  The company expects to start trading on the First Quotation Board (Open Market) of the Frankfurt Stock Exchange on Monday, March 7.
In making this exciting announcement, Eldora Gold’s Tailings Processing division will begin to establish a new mill on its first prioritized tailings disposal site in Kirkland Lake, Canada, having already conducted on-site sample testing and results evaluation.  This proprietary milling operation will involve establishing a physical separation process, called GravSep™, in order to extract valuable mineral content from tailings, and eventually returning those cleaned tailings back to the environment.
Historically, tailings have always been an unwanted byproduct of mining from an environmental standpoint, greatly affecting wildlife and water tables negatively.  GravSep™ drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.  The result is cleaner tailings. The profitable sale of the recovered mineral concentrate provides mine owners incentive to use Eldora Gold technology to stop the continued destruction of the environment.  
Profitably addressing the critical clean-up challenges facing current owners of former mining sites, the chemical-free GravSep™ process enables niche deposits anywhere in the world to be considered for successful treatment and rehabilitation, while extracting and recovering mineral concentrates that have significant deleterious environmental effects when left in-situ.
Eldora Gold provides portable and simple to maintain equipment that can be specifically tailored to each deposit.  Once extracted, these concentrates will contain the majority of minerals with recoverable metallic values presently residing in the tailings, which coincidentally are the minerals responsible for the adverse environmental consequences of the original tailings’ disposal.
Eldora Gold Resources Ltd. is a Canadian company, dedicated to evaluating and prioritizing tailings ponds, as well as the chemical-free recovery and sale of extracted minerals in the form of a valuable concentrate; Eldora Gold is listing its common shares on the Frankfurt Stock Exchange (symbol ER5), Open Market.
About
Eldora Gold Resources Canada was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

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Eldora Gold Resources Canada was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

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Eldora Gold Resources Gold Heading for Another Bull Run

Note that the price is just now making a fourth attempt in as many months to penetrate the new high price set in as many months. Last summer saw a similar situation, where the price made about five attempts before finally setting a new high on or about September 1. This consolidation also lasted about four months. Then, when the price set a new high at September's start, the "Gold Bull Run" was off and running for the fall.

The price of gold is appearing as if it is set up for another bull run. Is this from any sophisticated technical chart analysis? No, it is merely from examining the chart of the gold price (using the GLD ETF as a proxy) and observing the similarity of patterns that seems to be matching the gold price's rise from the consolidations of last summer. Here and now, we have just witnessed gold's price gyrate up and down ... gold just feels like it is headed for new highs.

Note that the price is just now making a fourth attempt in as many months to penetrate the new high price set in as many months. Last summer saw a similar situation, where the price made about five attempts before finally setting a new high on or about September 1. This consolidation also lasted about four months. Then, when the price set a new high at September's start, the "Gold Bull Run" was off and running for the fall.

Are there any other factors that may help the investor allay his fears of a pending crash in the price of gold, rather than starting a new bull run? Here are three significant factors underpinning gold's price:

1. Inflation of Paper Currencies

The markets interpret the FOMC's previous pronouncements as inflationary for paper currencies, and this effect is expected to continue until there are some indications of inflation being reined in. This currency inflation is a fundamental driver for the precious metals.

2. Rise of the World's Middle Class Supporting Gold Prices

There is a rising middle class as the world's emerging markets continue to grow and gain parity with the world's developed markets. The size of the world's middle class growth is largest in the Asian economies and of a scale that the world has never before seen. Asians have a particular affinity for the precious metals due to their history and culture of precious metals being a store of wealth. This buying by emerging middle classes provides a strong base of support for precious metals prices.

3. Peak Gold Is Coming Due to Higher Costs and Lower Grades

Barrick Gold's (ABX) chief executive Aaron Regent already declared a state of "peak gold" in 2009. The thesis is that gold mining is difficult, and the challenges of increasing costs, lower gold grades, and difficult operating environments all coalesce to decrease gold production supply. This "peak gold" dynamic is ensuring that the new production supply of precious metals will be constrained in the future.

Summary

Therefore, the chart above merely reflects the market's reaction to the fundamental drivers affecting gold prices. Currency inflation is the prime driver. Buying from Asia supports the price during corrections. Future gold supply is constrained by peak gold. With these factors affecting gold prices, is it any wonder that a significant rise is in store?

Disclosure: The author is long junior miners, including precious metals miners.

Gold Heading for Another Bull Run article by Marco G.

GoldBullionPro.com is all about investment in precious metals such as gold, silver, platinum, palladium and rhodium. Our experts will provide you with a useful information about gold and other precious metals investment strategy every day. Stay tuned!

About — Eldora Development

About

Eldora Gold Resources Canada Inc. is seeking to extract gold from tailings ponds located on inactive metal mine properties.  Based on the company’s expertise and experience in the mining industry, Eldora Gold provides for its clients strategic property evaluations, sample testing of existing tailings, and an environmentally-friendly solution to deliver new gold: GravSep™.
The company intends to offer processing equipment and training in partnership with owner/operators of former tailings sites.
Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold’s tailings processing service along with the Property Evaluation service
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaulation using Eldora Gold’s data analysis process he offers accurate property reports using the latest technology.
The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc  In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold’s proprietary equipment and techniques.

Using Gold to Monitor Market's Reaction to QE2: Eldora Gold Resources News

Eldora Gold Resources Canada News- A Wall Street Journal article today on quantitative easing (QE) hints the Fed will take a middle of the road approach in terms of the size and duration of QE2. As we would expect, the stock and commodity markets’ initial reaction is negative. A middle of the road approach to QE seems counter intuitive to the Fed’s own historical analysis of why quantitative easing was ineffective in Japan. In CCM’s July 2010 review of James Bullard’s Seven Faces of “The Peril,” our read between the lines interpretation of Bullard’s take on QE included:

In order for quantitative easing to sufficiently increase future inflation expectations, market participants must believe the Fed will do “whatever it takes for as long as necessary” to obtain the objective of sufficiently positive inflation. This means the Fed must be willing to leave balance sheet expansion in place for as long as necessary to create expectations of higher future inflation by market participants (consumers, investors, companies, etc.). This reminds us of past “bazooka-like” policy moves, where policymakers would say, “You think we can’t create positive inflation? Just watch.
Eldora Gold Resources Canada News- The key to next week’s Fed statement on quantitative easing will be how they address the concept of “whatever it takes for as long as necessary.” We can use gold and the US dollar to monitor the market’s reaction to QE2 and the stock market. On October 11th in U.S. Dollar Could Rally In Coming Weeks, we hypothesized QE2 could be a “buy the rumor, sell the news event” relative to risk assets. Since October 11th, the dollar index has moved from 77.18 as high as 78.36; a move above 78.36 would increase the odds of the US dollar having a multi-week countertrend rally.
On October 13th with the S&P trading at 1,169, we listed 1,196 as a possible short-term upside target. The S&P 500’s intraday high on October 25th was 1,196, which means we have entered a zone where the odds of a short-to-intermediate-term reversal have increased (emphasis on odds). Stock market breadth on October 26th was weak, adding to the list of concerns over the next few days.
Eldora Gold Resources Canada News- We recently mentioned some yellow flags in the gold market. Thus far, gold is holding up well enough that a push to new highs still could be in the cards. From a short-term bearish perspective, a break of the thin blue trendline below would increase our concerns about a correction in gold. The long-term fundamentals for gold remain sound.
As we monitor gold, QE and the dollar, we must also consider the possible impact on "weak dollar assets" such as gold, silver, copper, oil, agricultural commodities, Australian dollar, Canadian dollar, and emerging markets.
Video: What Is Quantitative Easing?
Eldora Gold Resources Canada News- In part three of our six part series on quantitative easing, we examine Fed statements, writings, and publications related to the objectives of, and rationale behind, QE2. The analysis of some key Fed commentary on quantitative easing allows us to better understand the Fed’s perspective relative to QE’s possible impact on the financial markets, investing, the economy, interest rates, asset prices, and the wealth effect. Today’s quantitative easing video also touches on the following:

• Duration of QE program
• Consumption
• Investment
• Ben Bernanke’s “printing press” speech
• US dollar devaluation
• Fiat / paper money system
• Spending
• Inflation
• Dividend-paying securities (video link below)

Disclosure: Author long GLD, UDN, SLV, JJC, DBA, FXA and EEM

About the author: Chris Ciovacco. Chris began his investment career with Morgan Stanley in Atlanta in 1994. With a focus on global macro investing, Chris uses both fundamental and technical analysis to assist in managing risk while looking for growth opportunities around the world in all asset classes.

Eldora Gold Resources Set to Showcase Gravsep™ at Upcoming Pdac Conference in Canada

(Toronto) – Held annually in Toronto, the Prospectors & Developers Association of Canada (PDAC) produces the world’s leading convention and trade show for the mineral exploration industry.

Eldora Gold Resources Launches GravSep™; Process Set to Rehabilitate Tailings Sites

Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase. With GravSep™ on site, Eldora will use a combination of physical separation processes to extract a concentrate from the first selected mill tailings site in Kirkland Lake, Canada. This concentrate will contain the majority of the recoverable metallic values in these former tailings, as well as the majority of the minerals responsible for the adverse environmental consequences of the original tailings disposal.

The proprietary process includes the preparation of a recirculating water pond, whereby final tailing separation from pulping water will provide recirculating water for pulping fresh feed, thus no continuous use of fresh water is required. After pulping the excavated feed and pumping the pulp through the physical separation process, Eldora anticipates ultimately discharging a tailing material in a form suitable for environmental rehabilitation of the site.

Eldora Gold anticipates, based on initial testing, that the auspicious debut (1/2 tonne per hour) of GravSep™ will result in not only the recovery of valued minerals, but also the rehabilitation of former tailings sites. Given the assembly of its portable equipment, Eldora intends to provide a dual benefit from the operation of GravSep™ units: by marketing the resultant concentrate into suitable channels and also providing a low-energy green solution to mining communities.

The GravSep™ is designed to be scalable, and is suited for small deposits less than 300,000 tonnes that cannot support permanent high capital cost equipment installations. The anticipated advantages for Eldora’s proprietary environmentally-friendly physical separation processing, which can be tailored to each specific deposit, now include potential for successful treatment and rehabilitation for many smaller size deposits using simple to maintain and operate equipment, as well as chemical-free processing. Pumping is the single major energy input, and it extracts and recovers valuable mineral concentrates which also have significant deleterious environmental effects when left in-situ.

From an environmental standpoint, tailings have always been an unwanted byproduct of mining. These tailings are left in piles and potentially leach environmentally-destructive materials into the surrounding soil and groundwater. Processing tailings thus also reduces the negative environmental impact of remaining minerals from the original mining process.

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