Dragon Mining looks to boost Jokisivu gold Resource on more encouraging drill results

Dragon Mining (ASX: DRA) has received encouraging results from the initial 13 holes of a 24 hole diamond core drilling program at the Jokisivu Gold Mine in southern Finland.

Results include:

- 7.70 metres at 4.09 g/t gold;
- 5.25m at 8.61 g/t gold; and
- 8.90m at 4.52 g/t gold.

The drilling was designed to further test the decline area located between the Kujankallio and Arpola gold deposits and the intercepts are located close to the decline development.

Results indicate the newly identified zones of gold mineralisation could be amenable to underground extraction and provide evidence of the Jokisivu area's potential.

Peter Cordin, executive chairman, added “continual success from the areas below, along strike and adjacent to existing mineralisation leads to the prospect of significantly growing the Jokisivu resource.”

Jokisivu is located 40 kilometres southwest of the Vammala production centre and hosts a Measured, Indicated and Inferred Resource totalling 338,500 ounces from two deposits.

The company expects results from the remaining 11 holes to be available in the coming weeks. A further program of diamond core drilling will target the down plunge extensions of the newly identified zones of mineralisation.

On March 9 Dragon achieved a significant milestone with the announcement of over one million ounces for the company's Nordic gold projects.

A series of Mineral Resource updates pushed the total resource up 13% to 6.69 million tonnes at 5.2 grams per tonne (g/t) gold for 1,124,900 ounces.

Dragon has operations in Sweden with the Svartliden mine, along with two mines in Finland.