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Dragon Mining Ltd.
Summary
| Project: | Svartliden Production Centre | |
|---|---|---|
| Deposit: | Faboliden, Svartliden | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 2/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-2-2017: Dragon Mining Ltd. announces a Resource Estimation report for its Faboliden, Svartliden deposit at the Svartliden Production Centre project. Updated mineral resources for Faboliden and Svartliden within the Svartliden Production Centre. Dragon | |
| Resources: | (Resource, Total): 11.121Mt @ 3.0g/t Au for 1.077Moz Au contained at project | |
| CP/QP: | [Resources]: Jeremy Clark (RungePincockMinarco Ltd.) | |
| ABSTRACT: | Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the Company”) is pleased to announce that the Mineral Resources for the Company’s projects in Finland and Sweden have been updated, returning a combined total Mineral Resource of 13,948,000 tonnes grading 3.2 g/t gold for 1,443,000 ounces as at 31 December 2016 (Table 1). This represents an overall increase in Mineral Resources for projects within the Vammala and Svartliden Production Centres, of 51% in tonnes and 31% in ounces since the previous update on 1 September 2015, as announced to the ASX on 29 February 2016 – Dragon Group Mineral Resources Updated. The increase includes a lift in the total Mineral Resource for the Fäboliden Gold Project to 1.019 million ounces, an increase of 37% in ounces since the maiden Mineral Resource for the Fäboliden project on 1 September 2015 that was announced to the ASX on 31 December 2015 – Maiden Mineral Resource for Fäboliden Gold Deposit. The Svartliden Production Centre is located in northern Sweden, 700km north of Stockholm and southwest of the world class Skellefte Mining District. The broader Svartliden area has been a focus of exploration since the discovery of gold bearing boulder samples in the 1980´s. The Svartliden gold deposit was discovered in 1995 and Dragon Mining acquired its initial interest in the project in 1999. The company now holds a 100% interest in the Svartliden Production Centre, which compromises the Svartliden Plant, a 300,000 tonnes per annum conventional carbon in leach circuit, the Svartliden Gold Mine and the advanced Fäboliden Gold Project. | |
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