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Black Dragon Gold Corp.
Summary
| Project: | Salave | |
|---|---|---|
| Deposit: | Salave | |
| Location: | Spain | |
| Commodities: | Gold | |
| Date: | 9/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2018: Black Dragon Gold Corp. announces an Exploration/Drilling Update report for its Salave deposit at the Salave project. Drilling results incl. 23.30m @ 29.1g/t Au from 164.8m. Vancouver, BC – 25 September 2018 – Black Dragon Gold Corp. (ASX: BDG, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Santiago Gonzales Nistal (Independent) | |
| ABSTRACT: | Vancouver, BC – 25 September 2018 – Black Dragon Gold Corp. (ASX: BDG, TSX-V: BDG) (“Black Dragon” or the “Company”) is pleased to announce the assay results from the final two drill holes of 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 BD18-06 and 07 are significant because they have intersected high-grade mineralisation within and beyond the constraints of the current Mineral Resource model. This continues to confirm 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). The 2018 drill campaign has not only been successful in achieving the Company’s main objective of confirming the extent and continuity of highgrade gold mineralisation at Salave, the 2018 drill programme has also extended the limits of mineralization defined by the current Mineral Resource model. The Company anticipates that the results from the 2018 drill programme will have a positive impact on the next Mineral Resource estimate update, which is due for completion in early Q4 2018. The updated Mineral Resource update will be the basis for a Preliminary Economic Assessment (“PEA”) focusing on a new underground mine plan and also planned for completion by the end of 2018. CEO and Managing Director of Black Dragon, Paul Cronin, commented: “I am very pleased with the outcome of the 2018 drill programme at Salave. The drill hole results announced today and previously support our belief that not only the Salave deposit is open to expansion, but there are also opportunities to discover new and expand existing zones of very high grade gold mineralization within and outside of the existing resource model that will become the focus of our PEA and defining an underground mine target.” “We will immediately proceed to compile the results of the 2018 drilling and generate a revised interpretation based on these new results. The new interpretation will be the foundation of an updated Mineral Resource estimate, expected in early Q4.” | |
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