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Black Dragon Gold Corp.
Summary
| Project: | Salave | |
|---|---|---|
| Deposit: | Salave | |
| Location: | Spain | |
| Commodities: | Gold | |
| Date: | 9/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-9-2018: Black Dragon Gold Corp. announces an Exploration/Drilling Update report for its Salave deposit at the Salave project. Drilling results incl. 12.40m @ 25.8g/t Au from 305m. Cheltenham, U.K. – 11 September 2018 – Black Dragon Gold Corp. (ASX: BDG | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Santiago Nistal (Independent) | |
| ABSTRACT: | Cheltenham, U.K. – 11 September 2018 – Black Dragon Gold Corp. (ASX: BDG, TSX-V: BDG) (“Black Dragon” or the “Company”) is pleased to announce the assay results of three more drill holes from the Company’s 2018 infill and definition drilling campaign at its wholly owned Salave Gold Project in the Asturias region in northern Spain (“Salave” or the “Project”). The results from drill holes BD18-01, 02 and 03 are significant because they have intersected high-grade mineralisation beyond the constraints of the current Mineral Resource model, at depth and down dip to the west and north-west. This confirms the potential for significant exploration upside to Salave’s existing measured and indicated resource of 6.52 million tonnes at 4.51 g/t Au, for 944,000 ounces of gold (see February 2, 2017 News Release). These new drill results are some of the highest-grade intersections recorded to date at the Project and are expected to have an positive impact on the next Mineral Resource estimate, which is due for completion in late Q3/early Q4 2018. CEO and Managing Director of Black Dragon, Paul Cronin, commented: “The drill hole results announced today support our belief that the Salave deposit is open at depth and laterally. “Additionally, the 2018 drill program has in-filled gaps and voids in the current resource block model and we are anxious to see what impact the rest of the 2018 drilling and possibly a revised interpretation of the deposit will have on an updated Mineral Resource estimate, which we plan to complete once we have received and compiled all results from the remaining two drill holes. “The new management team at Black Dragon has been working diligently to review the extensive historical work undertaken at Salave, including the establishment of a new Geological Database of the deposit that is substantially more extensive than previously prepared. | |
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