Dragon Mining (ASX:DRA) has confirmed the gold potential at its Kussamo Mine in Finland with assays showing intercepts of up to 11.98 grams per tonne.
The latest results, which were from 23 of the 24 holes drilled and 6 re-entry holes of the Phase 11 and Phase 12 programs retuned gold grades including 5.28 metres at 5.54 g/t, 9.95 metres at 10.75 g/t, 7.25 metres at 4.57g/t, 3.40 metre at 10.16g/t, among others.
The latest results build up on earlier discovered grades that included 2.55 metres at 156.90 g/t gold at the Hangaslampi deposit.
Last year a total of 21,982.70 metres of diamond core drilling at the Kussamo Mine project area was completed.
The Phase 11 and 12 programs were designed to evaluate the Juomasuo lodes with the Phase 11 evaluating the surface potential of the area east of the Juomasuo lodes, while the Phase 12 targeted the north-western portion of the deposit.
Drilling is now underway on the 12 hole, 4,220 metre program- Phase 13-, which has been designed to further examine the strike and depth extensions of gold mineralisation in this area.
By the end of December 2012, 4 holes of the Phase 13 program had been completed for a total advance of 1,312.20 metres.
Kuusamo is located approximately 700 kilometres northeast of Helsinki in northern Finland. It comprises five known gold deposits with a combined Measured, Indicated and Inferred Resource of 459,600 ounces grading 4.2 g/t gold.
Dragon Mining continues to consolidate its position in the exciting Kuusamo Exploration Province, increasing its exploration holding in the broader region to 1,173.3 square kilometres with the application of a series of Reservation areas.
These new tenements are located to the northwest and west of the Kuusamo Mine Project and includes an area that was selected on the basis of a historic boulder that graded 15.5 g/t platinum, 24.3 g/t palladium, 1.53 g/t rhodium, 4.17 g/t gold, 2.2% copper and 0.36% nickel.
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