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Dragon Mining Ltd.
Summary
| Project: | Vammala Production Centre | |
|---|---|---|
| Deposit: | Orivesi | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 9/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-9-2017: Dragon Mining Ltd. announces an Exploration/Drilling Update report for its Orivesi deposit at the Vammala Production Centre project. Drilling results incl. 4.1m @ 62.26g/t Au from 33.0m. Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the C | |
| 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 announce the results from an eight hole, 1,318.00 metre diamond core drilling program completed from surface at the Orivesi Gold Mine (“Orivesi”) in southern Finland. The drilling was undertaken to further evaluate the upper extensions of Sarvisuo Pipe 2 and other near surface targets in the Sarvisuo West area. It follows successful drilling campaigns completed earlier in 2017 that targeted the Sarvisuo area between the 120m and 160m levels and Sarvisuo Pipe 2 between the 80m and 120m levels and other near surface targets between the 80m and 200m levels in the Sarvisuo area. The results of the recent campaign are encouraging, having identified two new zones of gold mineralisation, the larger within 35 metres of the surface, to the north of Sarvisuo Pipe 2, and the smaller in the Sarvisuo West area. Drilling has also provided additional technical information to allow the updating of the geological model in readiness for the planning of further drilling in the Sarvisuo area. Both of the two new zones of gold mineralisation remain open in all directions and warrant further activities to better define their full extent and geometry. Given the tenor of the results from the completed campaigns and the lower costs of mining at these shallow depths, the Company plans an internal study into the development of the upper Sarvisuo area in the near term. The Vammala Production Centre is located in southern Finland, near the city of Tampere, 160km northwest of the Finnish capital Helsinki. The Vammala Production Centre comprises the Vammala Plant, a conventional 300,000 tonnes per annum flotation and gravity circuit that processes ore from the Orivesi Gold Mine, Jokisivu Gold Mine, and the Company’s soon to be third gold mining operation in the area, the Kaapelinkulma Gold Project. Since recommencing mining and processing operations in 2007, Dragon Mining has produced 297,082 ounces of gold from the Vammala Production Centre to 30 June 2017. | |
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