14.03.2013

Dragon Mining discovers more high grade gold in Finland

Finnish subsidiary of Australian mining company has so far produced 147,578 ounces of gold in concentrate.

Dragon Mining Oy, the Finnish subsidiary of the Australian company Dragon Mining Ltd, has intercepted further high grade gold anomalies following underground diamond core drilling at the Orivesi Gold mine in southern Finland. Intercepts from the current drilling programme include 17.2 metres at 5.14 grams per tonne gold 30.8 metres at 11.10 g/t and 6 metres at 37.53g/t gold.

The 16 hole, 2,900 metre infill program targeted the depth extensions of the Kutema lode system and the results have demonstrated the continuation of the Kutema lode system between the 880 metres and 960 metre levels.

Successful campaign

Based on the success of this campaign, Dragon Mining will carry out further drilling at Orivesi targeting the Kutema lode system between the 960 metre and 1040 metre levels. The drilling will include a series of deeper holes to evaluate the potential of the lode system at the previously untested 1200 metre level.

The Orivesi gold mine is part of the Vammal Production Centre, which comprises a 300,000 tonnes per annum crushing, milling and floatation facility, sourcing gold from two mines Orivesi and Jokisivu. The centre which was recommissioned in June 2007, has produced 147,578 ounces of gold in concentrate by the end of last year, which is smelted and refined at the Harjavalta smelter.

Source: Dragon Mining