Dragon Mining Limited (ASX: DRA) – $0.155

15 Sep 2015

Dragon Mining Limited (ASX: DRA) has received the final assay results for infill diamond core drilling at the Fäboliden Gold Project in northern Sweden (Figure 1).

 

DRA Faboliden Au

Figure 1. The Fäboliden Gold Project is located 30km southeast of the company’s Svartliden Production Centre

 

 

Significant intercepts include:

 

  • 14.0 metres at 11.05g/t gold from 103.0 metres
  • 10.0 metres at 6.91g/t gold from 63.0 metres
  • 10.0 metres at 4.82g/t gold from 27.0 metres

 

 

The diamond drilling program comprised 34 drillholes for 2,941.50 metres drilled and was designed to evaluate the near surface, higher grade zone of gold mineralisation in the southern portion of the Fäboliden gold deposit.

 

Drill hole depths ranged from 35.0 metres to 162.0 metres with a nominal grid base of 25 metres by 25 metres and 25 metres by 50 metres over a strike length of approximately 400 metres.

 

The results from the drilling program indicate that the high grade zone displays good continuity both down dip and along strike. The grades received from drilling correspond with the results from historic drilling.

 

The company is focussing on the higher grade zone of mineralisation within the larger lower grade envelope with the aim to generate a maiden resource estimate for this zone.

 

 

For further information, visit www.dragon-mining.com.au

 

 

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