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Dragon Mining Ltd.
Summary
| Project: | Vammala Production Centre | |
|---|---|---|
| Deposit: | Jokisivu | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 7/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-7-2018: Dragon Mining Ltd. announces an Exploration/Drilling Update report for its Jokisivu deposit at the Vammala Production Centre project. Drilling results incl. 1.5m @ 85.0g/t Au from 220.5m. Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Neale Edwards (Internal) | |
| ABSTRACT: | Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the Company”) is pleased to provide an update on activities carried out at the Company’s Jokisivu Gold Mine (“Jokisivu”) in southern Finland between 1 April 2018 and 30 April 2018 (the “period”). During the period, the Company drilled thirty-eight underground diamond core holes for a total of 7,095.90 metres over three campaigns targeting the Kujankallio and Arpola deposits. The campaigns were designed to better define the extent and geometry of known mineralised zones and provide additional information to support future mine planning and development. A twenty-seven hole, 6,947.65 metre campaign that was drilled from the 350m level and designed to further evaluate the Kujankallio Main Zone between the 340m and 420m levels was completed with the drilling of the final eight holes, 1,940.40 metres during the period. Results have been received for all holes, the results for the final twenty-two full holes and two part holes holes returned a number of significant intercepts, including 4.55 metres @ 4.99 g/t gold, 4.30 metres @ 7.54 g/t gold, 6.45 metres @ 3.09 g/t gold, 2.35 metres @ 10.80 g/t gold, 4.50 metres @ 9.68 g/t gold, 2.80 metres @ 9.79 g/t gold, 5.10 metres @ 3.96 g/t gold, 8.20 metres @ 4.58 g/t gold, 1.50 metres @ 85.00 g/t gold, 2.75 metres @ 7.44 g/t gold, 0.65 metres @ 30.40 g/t gold, 3.00 metres @ 10.81 g/t gold, 1.55 metres @ 19.20 g/t gold and 6.50 metres @ 5.54 g/t gold. The results for the initial three full holes and two part holes, were previously released to the ASX on the 17 April 2018 – Update of Activities Completed in Southern Finland. This release can be found at www.asx.com.au (Code: DRA). A complete listing of results is provided in Table 1. The results support the current resource model further delineating the two principal zones in the targeted area, the Main Zone and a parallel hanging wall zone at grades and widths commensurate with earlier work. The intercept pattern however tends to be more scattered to the east raising a level of uncertainty in the modelled shapes in this area. | |
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