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Dragon Mining Ltd.
Summary
| Project: | Vammala Production Centre | |
|---|---|---|
| Deposit: | Orivesi, Jokisivu, Kaapelinkulma | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 3/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-3-2017: Dragon Mining Ltd. announces a Resource Estimation report for its Orivesi, Jokisivu, Kaapelinkulma deposit at the Vammala Production Centre project. Updated ore reserves for mines within the Vammala Production Centre. Dragon Mining Limited (ASX | |
| Resources: | ||
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the Company”) is pleased to announce that an update of the Ore Reserves for the Company’s Nordic Projects has been completed. The Ore Reserves have been finalised by independent mining consultants RungePincockMinarco in Western Australia and reported in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). The combined Proved and Probable Ore Reserves as at 31 December 2016 totals 1.790 Mt grading 3.3 g/t gold for 189 kozs, an overall increase of 9% in tonnes and 3% in ounces when compared to the Proved and Probable Ore Reserves as at 1 September 2015 of 1.630 Mt grading 3.5 g/t gold for 183 kozs as reported to the ASX on the 30 March 2016 – Ore Reserves Updated for the Nordic Production Centres.The Orivesi Gold Mine have decreased as a result of mining depletion. The Jokisivu Gold Mine have replenished material mined since 1 September 2015 and further increased, following successful drilling campaigns that targeted the extensions of the Jokisivu deposits. The - Kaapelinkulma Gold Project have decreased marginally as a result of an environment issue that prohibits mining activity in a butterfly habitat. | |
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