For thousands of other reports visit RSC's Mineral Intellingence Map
Dragon Mining Ltd.
Summary
| Project: | Svartliden Production Centre | |
|---|---|---|
| Deposit: | Faboliden | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 3/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 21-3-2017: Dragon Mining Ltd. announces a Resource Estimation report for its Faboliden deposit at the Svartliden Production Centre project. Updated ore reserves for Faboliden within the Svartliden Production Centre. Dragon Mining Limited (ASX:DRA) (“Drago | |
| Resources: | (Reserve, Prob.): 1.160Mt @ 3.1g/t Au for 115koz Au contained at Faboliden | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the Company”) is pleased to announce that an update of the Ore Reserves for the Company’s Nordic Projects has been completed. The Ore Reserves have been finalised by independent mining consultants RungePincockMinarco in Western Australia and reported in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). The combined Proved and Probable Ore Reserves as at 31 December 2016 totals 1.790 Mt grading 3.3 g/t gold for 189 kozs, an overall increase of 9% in tonnes and 3% in ounces when compared to the Proved and Probable Ore Reserves as at 1 September 2015 of 1.630 Mt grading 3.5 g/t gold for 183 kozs as reported to the ASX on the 30 March 2016 – Ore Reserves Updated for the Nordic Production Centres. The increases achieved are attributable to an improved process recovery level following the completion of further bench scale metallurgical test work in 2016 and a higher gold price. The Ore Reserves form part of an update to an ongoing Pre-Feasibility level study into the development of the Fäboliden Gold Project in northern Sweden. The study is being compiled by RungePincockMinarco and was based on the establishment of a multiple open-pit mining operation and the haulage of ore to Dragon Mining’s Svartliden Plant. The Fäboliden Ore Reserves demonstrate a base case operation, the Proved and Probable Ore Reserves representing a mining life of approximately five years based on the developed mining schedule, which includes a period of test mining. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report