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Dragon Mining Ltd.
Summary
| Project: | Vammala Production Centre | |
|---|---|---|
| Deposit: | Kaapelinkulma | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 3/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-3-2017: Dragon Mining Ltd. announces an Exploration/Drilling Update report for its Kaapelinkulma deposit at the Vammala Production Centre project. Drilling results incl. 7m @ 30.47g/t Au from 16.0m. Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “ | |
| Resources: | (Reserve, Prob.): 79kt @ 3.5g/t Au for 8.9kozs Au contained at Kaapelinkulma | |
| CP/QP: | [Overall Report]: Neale Edwards (Internal) | |
| ABSTRACT: | Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the Company”) is pleased to announce that a program of Reverse Circulation (‘RC”) drilling at the Kaapelinkulma Gold Project (“Kaapelinkulma”) in southern Finland has been completed. The program has yielded a number of significant intercepts including 7.00 metres @ 18.49 g/t gold, 5.00 metres @ 11.31 g/t gold, 9.00 metres @ 9.97 g/t gold, 7.00 metres @ 30.47 g/t gold, 8.00 metres @ 7.48 g/t gold and 5.00 metres @ 12.59 g/t gold (Table 1). The eighty hole, 2,548 metre RC program was undertaken across the planned open-pit area, where mining is scheduled to commence later in 2017. The drilling has improved the drill spacing in this area, confirming results from historical diamond core drilling and providing confidence in the interpretation of the extent and geometry of the deposit. Work has now commenced on updating the Kaapelinkulma Mineral Resource in readiness for further open-pit optimisation studies and mine design activities. Preparation for mining at Kaapelinkulma continues to progress. The National Land Survey of Finland has assisted with finalising negotiations with affected landowners to widen the mine road for ore transport. Building of the road will commence after a 30-day appeal period. The Kaapelinkulma Master Plan, an operation and internal emergency plan and risk assessment is currently being finalised. When completed, a copy pf the Master Plan will be provided to the Finnish Safety and Chemicals Agency (“Tukes”) who will assess the required bond level. | |
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