Update Harpsund Joint Venture (Earning 80% interest)

Location of the Sjöliden target, Harpsund Joint Venture.

The first results have been received for the 18 hole, 1,128.65 metre program of drilling that was completed at the Sjöliden and Sjöliden SE targets on the Harpsund Joint Venture area. Results have been received from 5 holes, returning a best intercept of 1.00m @ 3.54 g/t gold (Appendix 12). Assays for 13 holes are pending.

The Harpsund Joint Venture area is located immediately adjacent to Dragon Mining’s Exploration Permit holding at Svartliden, and is situated 4 kilometres northeast of the Svartliden Gold Mine.  The Company entered into a Joint Venture Agreement with listed Swedish exploration company Botnia Exploration AB (Botnia) to earn up to 80% in Botnia’s Exploration Permits in this area.

 

 

 

 

 Appendix 12 – Results from diamond core drilling of the Sjöliden and Sjöliden SE targets on the Harpsund Joint Venture.

Hole

North

East

Elevation

Azimuth

(°)

Dip

(°)

Length

(m)

From

(m)

Interval

(m)

Gold

(g/t)

SJ11605

7196617.3

1589993.2

321.3

254

-50

61.25

No significant intercepts

SJ11606

7196624.3

1590019.3

317.2

254

-50

67.40

55.00

1.00

1.41

SJ11612

7196606.9

1589958.3

322.7

74

-58

70.25

61.00

1.00

3.54

SJ11613

7195975.5

1590538.6

330.2

300

-50

50.00

No significant intercepts

SJ11615

7195925.0

1590556.3

333.2

300

-50

55.30

5.00

1.00

1.01

Analysis of half core was completed at ALS Minerals in Rosia Montana, Romania, using method Au-AA25, following sample preparation at the ALS Minerals facility in Piteå, Sweden. Reported at a cut-off grade of 1.0 g/t gold.

For more information please go to dragon-mining.com.au

För ytterligare information kontakta:
Bengt Ljung, VD – Botnia Exploration
Telefon: +46 8 636 25 15
E-post: info@botniaexploration.com

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