MONTREAL, Dec. 12, 2006 (PRIME NEWSWIRE) -- East Delta Resources Corp. (OTCBB:EDLT) (Frankfurt:EJK) is pleased to announce an interim progress report for the upgrade of the production infrastructure at the Huaqiao (pronounced wha-chow) gold property. The property is located within the Hunan-Guizhou gold belt in Southwest China and covers an area of approximately 0.7km2. It presently has seven known gold-bearing quartz vein zones, specified as M1-M6 and Fx, all of which occur in different strata and have different type and characteristics of mineralization.
East Delta, through its Chinese subsidiary Guiyang High Tech Meiya Investment (Meiya), has committed to invest a minimum of US$500,000 to rehabilitate and upgrade existing onsite production facilities in preparation for bringing the Huaqiao property back into production at the daily throughput rate of 100 to 150 tons of ore per day.
To accomplish the work plan, Meiya has engaged an experienced local mining facility contractor, the Henan Metallurgical Group, to complete the necessary onsite rehabilitation and upgrades. In addition, Henan has been contracted to supply materials and equipment for the construction and outfitting of an assay laboratory allowing for on-site mineralization evaluation. East Delta estimates that all work required in bringing Huaqiao to a production ready level will be completed by late January 2007.
Mr. Victor Sun, CEO of East Delta stated, "We are extremely excited about completing the work program at Huaqiao and getting this historically proven gold property back into production. This mine has been in production for over ten years and once the current upgrade work is completed, we expect to see immediate cash flow which we will be utilizing to expand the resource base and continue to modernize mining operations."
The Company
East Delta Resources Corp. is a publicly traded Delaware corporation, headquartered in Montreal, Quebec, whose primary activity is in mine development and production of gold, and through various subsidiaries also participates in other mineral exploration and mining, specifically, silver, nickel, zinc and lead.
The geographic focus of the Company is China. With funding for current needs in place, majority interest in several highly-prospective properties, experienced personnel, and an extensive network of contacts in China, the Companies are on-track in implementing their business plans and objectives.
Safe Harbor
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.