SOURCE: Earth Dragon Resources Inc.

Earth Dragon Resources Inc.

February 08, 2011 10:42 ET

Earth Dragon Resources Announces Initial Gold Deposit Assay Results From Ghana

TOKYO--(Marketwire - February 8, 2011) - Earth Dragon Resources, Inc. (OTCBB: EARH) ("Earth Dragon," or the "Company") is pleased to announce the receipt of a geological assessment and assay report from joint venture partner Netas Mining Company Limited ("Netas Mining") in regards to the Nkwanta Concession mining project in Ghana.

A total of 309 grab and channel samples and 290 auger samples mostly from within or near to the underground workings at the Golden Arrow, Chief, D10, Little D10, Scorpion and Ankobra quartz veins were collected during 2010. Initial results from the Golden Arrow Vein produced gold values from both the grab and channel samples (a total of 59 samples) offered results as high as 1,579 ppm (1,579 g/t) and with numerous samples ranging from 25 - 200 ppm (25 - 200 g/t).

The Golden Arrow vein was sampled from historic workings at depths of approximately 200 feet with visible gold often seen in the smoky quartz veins which strike about 63° and dip steeply (generally 76°) to the southeast and average about 1.69 meters in width. All samples were sent for analysis by fire assay at Intertek Laboratory (formerly Transworld laboratory) in Tarkwa Ghana.

Selected Key Samples:

Sample    Vein    Au ppm  
6(P2)   Golden Arrow 32.700  
5   Golden Arrow 38.060  
2(P1)   Golden Arrow 10.470  
5(P2)   Golden Arrow 45.450  
8(P3)   Golden Arrow 45.270  
11(P4)   Golden Arrow 208.360  
14(P5)   Golden Arrow 116.640  
17(P6)   Golden Arrow 95.560  
7   Golden Arrow 32.560  
8   Golden Arrow 1579.000  
9   Golden Arrow 16.800  
10(P4)   Golden Arrow 11.580  
13(P5)   Golden Arrow 28.560  
16(P6)   Golden Arrow 123.840  
D192   Golden Arrow 20.330  
D195   Golden Arrow 38.630  
167869   Golden Arrow 15.040  
D4   Golden Arrow 12.725  

The Nkwanta concession is located in the Tarkwa-Nsuaem Municipality in the Western Region of Ghana, southeast of Tarkwa. The concession has been explored and exploited for gold in the past. Historic workings as much as 80 years old in the form of shafts, adits, trenches and pits are located throughout the concession. Available information on past modern exploration activities indicate that work was concentrated in limited areas and eventually included some reclamation efforts as well as trenching, drilling, geophysical surveys, geochemical soil and stream sediment sampling. Consequently the joint venture partners decided to build on the previous efforts by others and determined to carry out detailed exploration aimed at identifying the viability for a commercial mine.

Work commenced in 2009 and included re-cutting of the previous geochemical soil gridlines for ground geophysical surveys plus drilling and sampling of abandoned underground workings and pits. During this same period a 3 km road to the site from the Tarkwa-Takoradi highway, was constructed by-passing the village of Nkwanta.

Company President & CEO, Thomas Herdman stated, "We can't help but be very pleased with the information we are receiving from the lab. Our initial assessment of the historic work previously undertaken on this concession was, to us, indicative of an extensive commercially viable deposit. Modern mining technology is rapidly extending our knowledge of the scope of the project geology and with these results the development of a pilot production facility is fast becoming a reality."

Additional details regarding the Company, its business and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

Earth Dragon Resources is a mineral exploration company with a strategic focus on the purchase and development of high quality production-stage gold projects in Africa. The Company is currently developing highly prospective gold deposits in the Ashanti Gold Belt of Ghana and the Lupa Goldfield in the Chunya Mining District of Tanzania with plans to expand ongoing exploration and mapping efforts to include pilot plant production. For more information visit:

Notice Regarding Forward-Looking Statements
Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


Earth Dragon Resources, Inc.
Thomas W. Herdman, President & CEO

Contact Information