Dragon Mining reports further gold intercepts at Kuusamo, Finland

Dragon Mining on Monday announced the final results of its second phase of drilling at the Juomasuo gold deposit at the Kuusamo Gold Project in northern Finland. The exploration company said analysis of the lquartz silicon machine manufacturersast three holes in the program returned further promising gold intercepts, including 4.15m at 6.10 g/t gold and 5.25m at 5.11 g/t gold.

The 9 hole, 3,500 metre second phase of drilling was undertaken between February and April 2011 and was designed to examine the strike and depth extensions of the known lodes in the southern portion of the Juomasuo deposit. "The program has returned a series of very encouraging intercepts, including previously reported highlights 13.65m at 3.13 g/t gold, 9.95m at 3.81 g/t gold, 34.90m at 9.30 g/t gold, 3.55m at 10.39 g/t gold and 7.30m at 8.18 g/t gold," a report read.

In addition to the confirmation of lodes at Juomasuo, multi-element analysis has also returned a number of strong cobalt intercepts and elevated levels of REE either in conjunction with gold mineralisation or separately, as well as the occurrence of sporadic elevated levels of copper and uranium. The Juomasuo gold deposit comprises a set of closely spaced sub-parallel lodes, which strike northwest-southeast and plunge steeply to the south and the southwest.

Drilling is scheduled to resume at the end of July following the requisite break for the northern summer, with two diamond core drill rigs recommencing activities on a 14 hole, 4,200 metre program targeting the strike and depth extensions of the known lodes in the northern portion of the deposit.