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Dragon Mining Ltd.
Summary
| Project: | Vammala Production Centre | |
|---|---|---|
| Deposit: | Orivesi, Jokisivu, Kaapelinkulma | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 2/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-2-2017: Dragon Mining Ltd. announces a Resource Estimation report for its Orivesi, Jokisivu, Kaapelinkulma deposit at the Vammala Production Centre project. Updated mineral resources for mines within the Vammala Production Centre. Dragon Mining Limited | |
| Resources: | (Resource, Total): 2.826Mt @ 4.0g/t Au for 366koz Au contained at project | |
| CP/QP: | [Resources]: Jeremy Clark (RungePincockMinarco Ltd.) | |
| ABSTRACT: | Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the Company”) is pleased to announce that the Mineral Resources for the Company’s projects in Finland and Sweden have been updated, returning a combined total Mineral Resource of 13,948,000 tonnes grading 3.2 g/t gold for 1,443,000 ounces as at 31 December 2016 (Table 1). This represents an overall increase in Mineral Resources for projects within the Vammala and Svartliden Production Centres, of 51% in tonnes and 31% in ounces since the previous update on 1 September 2015, as announced to the ASX on 29 February 2016 – Dragon Group Mineral Resources Updated. The increase includes a lift in the total Mineral Resource for the Fäboliden Gold Project to 1.019 million ounces, an increase of 37% in ounces since the maiden Mineral Resource for the Fäboliden project on 1 September 2015 that was announced to the ASX on 31 December 2015 – Maiden Mineral Resource for Fäboliden Gold Deposit. 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 283,082 ounces of gold from the Vammala Production Centre to the 31 December 2016. | |
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