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BDG - Black Dragon Gold Corp.

Discussion in 'Stocks 0-H' started by System, Jul 26, 2018.

  1. System

    System Administrator

    Likes Received:
    Jun 27, 2010
    Black Dragon Gold Corp. owns 100% of the Salave gold project in the Asturias region of Spain, through its wholly owned subsidiary EMC. Salave is a technically robust project situated in a highly prospective region and recognised as one of the largest undeveloped gold projects in Europe.

    The Salave gold project hosts a measured and indicated resource of 6.52 million tonnes grading 4.51 g/t Au containing 944,000 ounces of gold and inferred resources of 1.08 million tonnes grading 3.05 g/t Au containing 106,000 ounces of gold at a 2.0 g/t Au cut off grade. At a 3.0 g/t cut off, there is a significant high grade, measured and indicated resource of 3.60 million tonnes grading 6.19 g/t Au containing 716,000 ounces of gold, amenable to underground mining.

    Funds raised in the IPO will be used to undertake an exploration drill programme to better understand the extent of the project's gold mineralisation and deliver an updated Mineral Resource Estimate, and to advance permitting of the project with mine development planning, metallurgical testwork, environmental studies and permitting studies.

    It is anticipated that BDG will list on the ASX during August 2018.


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