The Company completed the drilling phase of the 34 hole, 2,941.40 metre WL-66 diamond core infill program in June. This program was designed to evaluate the near surface, higher grade zone of gold mineralisation in the southern portion of the Fäboliden gold deposit.
Drill holes ranged in length from 35.00 to 162.00 metres and improved the density of drilling in this area to a nominal grid base of 25 by 25 metre and 25m by 50 metre basis over a strike length of approximately 400 metres.
Drilling has shown the high grade zone exhibits good geological continuity both along strike and down dip, and this is being supported by the assay results received to date.
Results for 20 holes remain pending and these will be released when received by the Company.
Dragon Mining is focussing its efforts on the higher grade zone of mineralisation within the larger lower grade envelope at Fäboliden, with the objective of generating the maiden Mineral Resource estimate for this higher grade zone, as a prelude to advancing the project to a Pre-feasibility Study.
