Dragon Mining (ASX:DRA) has delivered an impressive maiden resource of 6.9 million tonnes at 3.3g/t gold for 743,000 ounces for the Fäboliden project in northern Sweden.
The Fäboliden Gold Deposit is a medium grade body of gold mineralisation that has good potential for exploitation by open-pit and underground mining methods.
The deposit is now subject to a detailed open-pit mining study as Dragon continues to evaluate the viability of establishing a new gold mine in close proximity to the company’s existing processing infrastructure at Svartliden.
Fäboliden represents a potential source of gold bearing material that could be trucked to, and processed at Svartliden, an operating 300,000 tonne per annum conventional comminution and carbon in leach (CIL) plant.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.