Dragon Mining (ASX:DRA) has received encouraging results from a recent diamond drilling campaign at the Orivesi Gold Mine in southern Finland.
The campaign yielded a series of narrow intercepts including 4 metres at 11.65 g/t gold, 1.2 metres at 8.81 g/t gold and 1.50 metres at 7.33 g/t gold.
Dragon also intersected a very high grade of 2.4 metres at 259.11 g/t gold that included 1 metre at 618 g/t gold.
Since recommencing mining and processing operations in 2007, Dragon Mining has produced 291,062 ounces of gold from the Vammala Production Centre in Finland.
The Vammala Production Centre comprises the Vammala Plant and a conventional 300,000 tonnes per annum flotation and gravity circuit.
The Orivesi Gold Mine is located 80 kilometres to the northeast of the Vammala Plant.
The mine was initially in operation between 1992 and 2003 and produced 422,000 ounces of gold from a series of near vertical pipe-like lodes.
The latest nine-hole, 1,447-metre diamond drilling program was carried out to further evaluate the Sarvisuo area of the Orivesi project between the 80-120 metre levels.
The result of the campaign continues to highlight extensions to known zones of gold mineralisation at promising grades and identified new zones of mineralisation that require follow-up activities.
All results from the two recent campaigns will now be included in an internal study to evaluate the viability of developing the upper portion of the Sarvisuo area.
A third campaign of diamond core drilling is also underway.
Dragon Mining is in the process of delisting from the ASX and is planning to list on the Hong Kong stock exchange after raising $17.5 million from a public offer.