Kuusamo Mine Project Continues To Advance
24 January 2013
Dragon Mining is pleased to provide an update of key activities recently completed on the Kuusamo Mine Project, in northern Finland. This project is an integral part of Dragon Mining�s production growth plans, the Company seeking to capitalise on the projects excellent potential..
During 2012 a total of 21,982.70 metres of Diamond core drilling directed at the Kuusamo Mine Project area was completed. This drilling yielded a number of very encouraging results including the previously released intercept highlights 7.20 metres @ 8.76 g/t gold, 10.20 metres @ 9.53 g/t gold and 10.55m @ 16.54 g/t gold from the Juomasuo deposit and 2.55 metres @ 156.90 g/t gold, 6.85 metres @ 9.04 g/t gold, 12.45 metres @ 7.15 g/t gold and 9.00 metres @ 30.17 g/t gold from the Hangaslampi deposit.
In conjunction with the drilling activities, Dragon Mining has continued to consolidate its position in this exciting new exploration province and established a platform from which future regional exploration could advance.
Drilling Assay results from Diamond core drilling on the Kuusamo Mine project has yielded a further series of encouraging intercepts including 5.28 metres @ 5.54 g/t gold, 9.95 metres @ 10.75 g/t gold, 7.25 metres @ 4.57 g/t gold, 5.65 metres @ 11.98 g/t gold, 3.40 metres @ 10.16 g/t gold and 4.60 metres @ 7.00 g/t gold.
The new results are from the Phase 11 and 12 programs, the assays received from 23 of the 24 holes drilled and all 6 re-entry holes.
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