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Black Dragon Gold Corp.
Summary
| Project: | Salave | |
|---|---|---|
| Deposit: | Salave | |
| Location: | Spain | |
| Commodities: | Gold | |
| Date: | 4/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-4-2018: Black Dragon Gold Corp. announces an Exploration/Drilling Update report for its Salave deposit at the Salave project. Drilling results incl. 16.70m @ 17.60ppm Au from 234.1m. VANCOUVER, British Columbia--(BUSINESS WIRE)--April 5, 2018--Black Dra | |
| Resources: | (Resource, M+I) 6.522Mt @ 4.51g/t Au for 944000oz Au contained | |
| CP/QP: | [Overall Report]: Douglas Turnbull (Independent) | |
| ABSTRACT: | VANCOUVER, British Columbia--(BUSINESS WIRE)--April 5, 2018--Black Dragon Gold Corp. (TSX-V:BDG) ('Black Dragon' or the 'Company') is pleased to announce the assay results from the first two drill holes completed as part of the 2018 infill and definition drilling campaign on its Salave Gold Deposit in northern Spain. The programme targeted the heart of the current resource model and was designed to confirm the presence of vertically oriented zones of high grade gold mineralisation. Most of the historic drill holes were vertical and did not effectively define these vertical oriented zones of high grade gold mineralisation that intersect and branch out into the northwest trending shallow southwest dipping lenses of mineralisation that has been well defined by the historic drilling. Mineralized intervals were selected to achieve a minimum grade consistent with the mineral resource grades deemed amenable to underground mining methods in the 2017 MDA mineral resource estimate. The selected intervals included above were based on 2.5 g/t Au cut-off grade, 2 metres minimum interval length and maximum internal waste interval of 2 metres. True widths are unknown. Collar locations are UTM coordinate based on ERTS89 datum, Zone 29N – Please see Table 1. The most recent NI 43-101 mineral resource estimate of the Salave deposit, originally completed by Mine Development Associates (“MDA”) in 2014 and updated in January 2017 (see February 2, 2017 news release), identified sub-vertical mineralized structures in addition to the broad zones of shallow dipping mineralisation and recommended further drilling to understand and define the orientation of these vertical features. The objective of the 2018 drilling programme therefore was designed to accomplish the following: | |
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