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Technical Report Skouries Project Greece

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Technical Report Skouries Project Greece Technical Report Skouries Project Greece Centered on Latitude 40° 29’and Longitude 23°42’ Effective Date: January 01, 2018 Prepared by: Eldorado Gold Corporation 1188 Bentall 5 - 550 Burrard Street Vancouver, BC V6C 2B5 Qualified Person Company Mr. Richard Alexander, P.Eng. Eldorado Gold Corporation Dr. Stephen Juras, P.Geo. Eldorado Gold Corporation Mr. Paul Skayman, FAusIMM Eldorado Gold Corporation Mr. Colm Keogh, P.Eng. Eldorado Gold Corporation Mr. John Nilsson, P.Eng. Nilsson Mine Services Ltd. S KOURIES P ROJECT, G REECE T ECHNICAL R EPORT TABLE OF CONTENTS SECTION • 1 SUMMARY ................................................................................................................ 1-1 1.1 Introduction ................................................................................................... 1-1 1.2 Property Description ..................................................................................... 1-2 1.3 Permitting ..................................................................................................... 1-2 1.4 History........................................................................................................... 1-3 1.5 Deposit Geology ........................................................................................... 1-4 1.6 Metallurgical Testwork .................................................................................. 1-4 1.7 Mineral Resources ........................................................................................ 1-5 1.8 Mineral Reserves .......................................................................................... 1-7 1.9 Mine Production Schedule ........................................................................... 1-8 1.10 Mining Methods ............................................................................................ 1-9 1.11 Recovery Methods ...................................................................................... 1-12 1.12 Project Infrastructure .................................................................................. 1-13 1.13 Market Studies and Contracts .................................................................... 1-15 1.14 Environmental ............................................................................................. 1-16 1.15 Capital and Operating Costs ...................................................................... 1-17 1.16 Economic Analysis ..................................................................................... 1-19 1.17 Other Relevant Data and Information ......................................................... 1-21 1.18 Interpretations and Conclusions ................................................................. 1-21 1.19 Recommendations ...................................................................................... 1-22 SECTION • 2 INTRODUCTION ....................................................................................................... 2-1 SECTION • 3 RELIANCE ON OTHER EXPERTS .......................................................................... 3-1 SECTION • 4 PROPERTY DESCRIPTION AND LOCATION ........................................................ 4-1 4.1 Property Location ......................................................................................... 4-1 4.2 Land Tenure ................................................................................................. 4-2 4.3 Permitting ..................................................................................................... 4-2 SECTION • 5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ...................................................................................................... 5-1 5.1 Climate and Physiography ........................................................................... 5-1 5.2 Location and Accessibility ............................................................................ 5-1 5.3 Infrastructure and Local Resources ............................................................. 5-1 5.4 Surface Rights .............................................................................................. 5-2 SECTION • 6 HISTORY ................................................................................................................... 6-1 2018 Final Report i S KOURIES P ROJECT, G REECE T ECHNICAL R EPORT 6.1 Ancient History ............................................................................................. 6-1 6.2 Modern History ............................................................................................. 6-1 SECTION • 7 GEOLOGICAL SETTING AND MINERALIZATION ................................................. 7-1 7.1 Regional Geology ......................................................................................... 7-1 7.2 Local Geology ............................................................................................... 7-3 SECTION • 8 DEPOSIT TYPES ...................................................................................................... 8-1 8.1 Deposit Geology ........................................................................................... 8-1 8.2 Deposit Model ............................................................................................... 8-1 SECTION • 9 EXPLORATION ......................................................................................................... 9-1 SECTION • 10 DRILLING ................................................................................................................ 10-1 SECTION • 11 SAMPLE PREPARATION, ANALYSES AND SECURITY ................................ 11-1 11.1 Pre-Eldorado Gold Sampling and Assaying ............................................... 11-1 11.2 Sampling Method and Approach ................................................................ 11-1 11.3 Sample Preparation and Assaying ............................................................. 11-1 11.4 QA/QC Program ......................................................................................... 11-2 11.5 Concluding Statement .............................................................................. 11-10 SECTION • 12 DATA VERIFICATION ............................................................................................ 12-1 SECTION • 13 MINERAL PROCESSING AND METALLURGICAL TESTING ............................. 13-1 13.1 Metallurgical Testwork ................................................................................ 13-1 SECTION • 14 MINERAL RESOURCE ESTIMATES ..................................................................... 14-1 14.1 Mineralization Domains .............................................................................. 14-1 14.2 Data Analysis .............................................................................................. 14-1 14.3 Evaluation of Extreme Grades ................................................................... 14-2 14.4 Variography ................................................................................................ 14-2 14.5 Model Setup ............................................................................................... 14-4 14.6 Estimation ................................................................................................... 14-4 14.7 Validation .................................................................................................... 14-5 14.8 Mineral Resource Classification ................................................................. 14-9 14.9 Mineral Resource Summary ..................................................................... 14-10 SECTION • 15 MINERAL RESERVE ESTIMATES ........................................................................ 15-1 15.1 Open Pit Mineral Reserve Estimate ........................................................... 15-1 15.2 Underground Mineral Reserve estimate................................................... 15-10 15.3 Mineral Reserve Summary ....................................................................... 15-14 SECTION • 16 MINING METHODS ................................................................................................. 16-1 16.1 Introduction ................................................................................................. 16-1 16.2 Open Pit Mining Methods ........................................................................... 16-2 16.3 Open Pit Mining Fleet ................................................................................. 16-5 16.4 Open Pit Production Schedule ................................................................... 16-6 2018 Final Report ii S KOURIES P ROJECT, G REECE T ECHNICAL R EPORT 16.5 Open Pit Mine Infrastructure .................................................................... 16-10 16.6 Underground Mining ................................................................................. 16-10 16.7 Underground Geotechnical ...................................................................... 16-11 16.8 Sublevel Design ........................................................................................ 16-15 16.9 Underground Production Stope Design.................................................... 16-16 16.10 Underground mining schedule ................................................................. 16-18 16.11 Underground Materials Handling .............................................................. 16-21 16.12 Underground
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