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Dragon Mining Ltd.
Summary
| Project: | Vammala Production Centre | |
|---|---|---|
| Deposit: | Orivesi | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 6/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-6-2018: Dragon Mining Ltd. announces an Exploration/Drilling Update report for its Orivesi deposit at the Vammala Production Centre project. Drilling results incl. 21.90m @ 55.02g/t Au from 31.50m. Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “t | |
| 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 the results of two underground diamond core drilling campaigns that were carried out at the Company’s Orivesi Gold Mine (‘Orivesi”) in southern Finland. Both campaigns targeted the Sarvisuo West area and were designed to define the extent, geometry and tenor of mineralisation of a series of known gold bearing zones, as well as provide information to support future mine planning and development activities. Results were received for the final eleven holes of a twenty-five hole, 2,451.70 metre campaign that was completed between January and March 2018. This campaign targeted extensions of known gold bearing zones in the inner area at Sarvisuo West between the 340m and 420m levels, yielding a series of significant intercepts including 5.00 metres @ 11.80 g/t gold, 21.90 metres @ 55.02 g/t gold, 15.50 metres @ 7.17 g/t gold and 23.00 metres @ 7.12 g/t gold. The results for the initial fourteen holes, including the robust 25.50 metres @ 33.20 g/t gold, 11.50 metres @ 14.33 g/t gold, 17.00 metres @ 9.08 g/t gold, 18.70 metres @ 4.71 g/t gold, 3.90 metres @ 79.22 g/t gold, 5.80 metres @ 24.02 g/t gold, 1.80 metres @ 51.04 g/t gold and 7.30 metres @ 13.77 g/t gold were previously released on the 17 April 2018: Update of Activities Completed in Southern Finland - Robust Results Received from Drilling at the Orivesi Gold Mine, which can be found at www.asx.com.au (Code: DRA). A list of all results is provided in Table 1. The results from this campaign are considered very encouraging, defining an 80 metre extension to the primary target at Sarvisuo West, at grades commensurate with results from earlier exploration drilling. This near vertical gold bearing zone remains open below the 420m level and is located in close proximity to existing underground development. | |
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