Dragon Mining’s (ASX: DRA) diamond core drilling at the Juomasuo deposit of its Kuusamo Gold Project in Finland has returned high grade intercepts including 17.75 metres at 8.55 grams per tonne gold and 25.6 metres at 7.91g/t gold.
The results from the 11 hole Phase 14 and the four hole Phase 15 campaigns have confirmed the strike and depth extensions of the targeted sulphide lodes in the northern and central portions of the deposit.
Results from drilling will now be fully appraised, before further drilling is planned for the area.
Juomasuo is the largest of the three deposits in the Kuusamo Gold Project in north-eastern Finland and represents a geologically well-defined zone of steeply dipping medium to high grade gold mineralisation that remains open at depth.
It has been tested by 448 drill holes on a nominal grid spacing ranging from 12.5 metres by 12.5 metres to 40 metres by 40 metres. It extends over a strike length of 320 metres and a vertical extent of 455 metres.
Juomasuo has Measured, Indicated and Inferred Resources of 2,371,000 tonnes at 4.6g/t gold, making it a major part of the total Kuusamo Resource of 3,849,000 tonnes at 4.1g/t gold.
Metallurgical test work completed by the Geological Survey of Finland Mineral Processing Laboratory has returned gold recoveries of 89.5%, which produced an intermediate gold concentrate.
Dragon noted that additional test work is still required to further optimise gold recoveries and the process flow sheet and to determine the commercial viability of recovering cobalt as a by-product.
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