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Dragon Mining Ltd.
Summary
| Project: | Vammala Production Centre | |
|---|---|---|
| Deposit: | Orivesi, Jokisivu | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 1/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-1-2017: Dragon Mining Ltd. announces an Exploration/Drilling Update report for its Orivesi, Jokisivu deposit at the Vammala Production Centre project. Drilling results incl. 18.00m @ 18.05g/t Au from 120.00m at Sarvisuo area at Orivesi. Dragon Mining L | |
| 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 drilling activities completed at the Orivesi Gold Mine (“Orivesi”), Jokisivu Gold Mine (“Jokisivu”) and Kaapelinkulma Gold Project (“Kaapelinkulma”) in southern Finland between 1 October 2016 and 31 December 2016 (“October–December period” or “period”). Thirty-two diamond core holes, totalling 4,380.90 metres have been drilled at Orivesi and Jokisivu with the objective of identifying extensions to known mineralised zones, as well as providing information to support mine planning and mine development. In addition, nineteen reverse circulation holes have been drilled at Kaapelinkulma for a total advance of 539 metres. Surface and underground diamond core drilling progressed at Orivesi with twenty holes completed for a total advance of 2,728.70 metres during the period. The drilling of an eleven hole diamond core program from the surface commenced, targeting a panel between the 120m and 160m levels in the Sarvisuo area. By the end of the period, seven holes had been drilled for 1,082.10 metres. Results have been received for four holes, yielding robust intercepts of 4.80 metres @ 23.89 g/t gold and 18.00 metres @ 18.05 g/t gold, which include very high grade zones of 0.80 metres @ 138.00 g/t gold and 4.00 metres @ 66.35 g/t gold, respectively. The 18-metre intercept represents a true width of 4 metres and displays excellent grade continuity down the vertical mineralised lode system. The 4.80-metre intercept represents a true width of 2.2 metres. Results for three holes remain pending and four holes are still to be drilled to complete the program. All results received are provided in Table 1 | |
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