Exceptional Intercept Confirmed - Kuusamo North, Finland
18 January 2012
Dragon Mining is pleased to announce the receipt of the final results from the Phase 6 drilling campaign undertaken on the Juomasuo deposit at the Kuusamo Gold Project in northern Finland. Analysis has returned a series of promising gold intercepts and confirmed the previously released preliminary gold result of 17.60m @ 34.01 g/t gold from drill hole KS/JS-163.
The 9 hole, 3,475 metre campaign was undertaken between September and November 2011 and has confirmed the potential for further strike extensions of identified lodes to the southeast and northwest at Juomasuo and highlighted the potential for additional depth extensions in the northwest.
Results are pending for all holes completed in the Phase 7 drilling campaign at Juomasuo, a 1,582 metre, 7 hole program that tested an area to the east of the main zone of mineralisation at Juomasuo, following-up historical gold intersections and testing a prominent geophysical anomaly.
Two diamond core rigs have resumed drilling at Kuusamo following the break for the festive period, both progressing campaigns that are further evaluating the depth and strike extensions for the Juomasuo deposit.
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