www.dragonmountain.com.au
Dragon Mountain Gold Limited is an Australia-based company. The principal activities of the Company are mineral exploration, evaluation and development in the People’s Republic of China. The Company operates in two geographical segments being Australia and the People’s Republic of China.
Dragon Mountain Gold encouraged by initial drilling at Wa Wu Gou prospect in China
Dragon Mountain Gold (ASX: DMG) has announced the completion of the initial 1,500 metres exploration drilling at the Wa Wu Gou prospect. The prospect is within the Liba License for its Lixian Gold Project in Gansu Province, Central China.
The Wa Wu Gou prospect is located between the established Zhao Gou and Ma Gou gold deposit. This is the first pass for the targeted area. Initial results show gold mineralisation in the system. Initial assay results from the drill cores indicated some good gold mineralisation at various widths.
DMG’s Executive Director, Robert Gardner said, “this initial drilling information in the Wa Wu Gou prospect shows encouraging results for the first drill holes. We are optismistic on this untested area and eagerly waiting for further results.”
The drilling program is being carried out using wire line triple tube diamond core equipment. The objective is to examine the geological characteristics and continuity of the structures identified by previous mapping, trenching and surface sampling undertaken by Tianshui Geological Group, an exploration arm of the Gansu Non-Ferrous Metallurgical Bureau.
The prospect area has a strike length of approximately 800 metres.
The gold mineralisation is fine grained and generally found associated with pyrite and to a lesser extent arsenopyrite, hosted by fault breccia in a shear system within sandstones,siltstones of the Qinling Fold Belt.
The company said this drilling program will provide information necessary in the DMG’s planning for a more systematic, detailed and expanded exploration program at the prospect.
















