More high grade intercepts returned from Orivesi gold mine
Eight hole diamond core drilling campaign is completed at the Orivesi Gold Mine.
Dragon Mining Limited (ASX:DRA) (“Dragon Mining” or “the Company”) is pleased to announce the results from an eight hole, 1,318.00 metre diamond core drilling program completed from surface at the Orivesi Gold Mine (“Orivesi”) in southern Finland.
Results yield a series of significant intercepts including the high grade:
- 4.10 metres @ 62.26 g/t gold from 33.00 metres in KU-1595; - 6.00 metres @ 19.74 g/t gold from 38.00 metres in KU-1594; and - 1.50 metres @ 34.00 g/t gold from 63.50 metres in KU-1591
This has yielded a series of significant intercepts including 4.60 metres @ 7.99 g/t gold, 7.50 metres @ 2.83 g/t gold, 16.70 metres @ 1.73 g/t gold, 5.80 metres @ 3.17 g/t gold, 4.00 metres @ 3.50 g/t gold and the high grade 4.10 metres @ 62.26 g/t gold, 6.00 metres @ 19.74 g/t gold and 1.50 metres @ 34.00 g/t gold (Table 1).
The drilling was undertaken to further evaluate the upper extensions of Sarvisuo Pipe 2 and other near surface targets in the Sarvisuo West area. It follows successful drilling campaigns completed earlier in 2017 that targeted the Sarvisuo area between the 120m and 160m levels and Sarvisuo Pipe 2 between the 80m and 120m levels and other near surface targets between the 80m and 200m levels in the Sarvisuo area.
The results of the recent campaign are encouraging, having identified two new zones of gold mineralisation, the larger within 35 metres of the surface, to the north of Sarvisuo Pipe 2, and the smaller in the Sarvisuo West area.
Drilling has also provided additional technical information to allow the updating of the geological model in readiness for the planning of further drilling in the Sarvisuo area. Both of the two new zones of gold mineralisation remain open in all directions and warrant further activities to better define their full extent and geometry.
Given the tenor of the results from the completed campaigns and the lower costs of mining at these shallow depths, the Company plans an internal study into the development of the upper Sarvisuo area in the near term.
Source: Orivesi mine
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