Black Dragon Gold Corp. said Sept. 10 that it intersected wide zones of high-grade gold outside of the current resource for its Salave project in Spain.
Drilling extended the resource at depth and down dip to the west and north-west, with highlights including 4.35 meters at 41.90 g/t of gold from 125.0 meters, 30.80 meters at 7.07 g/t of gold from 218.40 meters, and 12.60 meters at 18.09 g/t of gold from 283.65 meters.
The new results from three drillholes are some of the highest-grade intersections recorded to date at Salave, and confirm the potential for significant exploration upside to its current resource of 6.5 million tonnes at 4.51 g/t of gold for 944,000 ounces of gold.
Black Dragon expects the results to have a positive impact on the project's resource update, which would be completed late in the third quarter or early fourth quarter. The updated resource will be used to support a preliminary economic assessment and ongoing feasibility study for an underground mine at Salave.
The 2018 drill campaign at Salave totaled seven drillholes for 2,117 meters.
Black Dragon recently listed on the ASX after closing a A$6 million IPO.