BDG - Black Dragon Gold Corp.

[System]

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.

https://www.blackdragongold.com

 

[signalFollower]

seems like not too many followers at all ?

 

[signalFollower]

through my holdings in Antilles Gold (AAU), I noted that they have a holding themselves in Black Dragon Gold (BDG).

So what you may say, well BDG is related to Adriatic Metals (ADT) and its MD and CEO, Paul Cronin.

Paul has recently put in $750K to BDG in the recent cap raise at 5.6c plus "free" options.

Anyone who knows Adriatic Metals, should be familiar with its upward price trend for the most part of the last couple of years.

Anyone who knows the history of Antilles Gold Chairman,Brian Johnson should know that he makes acquisitions when times are good.

Purely speculation, but maybe something is going to happen between Antilles AAU and Black Dragon Gold BDG looking forward ?

below is the excerpt from Antilles Gold 2020 Annual Accounts, they have 3,666,666 shares of BDG as an on blance sheet investment.

so all said and done, I have taken a speculative positon in BDG myself with prices close to the recent cap raise offer.

 

[signalFollower]

+14% on today's announcement is alright !

plus the fact that appointing a CEO from within (the current CFO) to take over from the very busy current Managing Director and CEO - Paul Cronin while he is overseeing Adriatic Metals (ADT) to mine and production stages

 

[signalFollower]

UPDATE

+30% reaction to a CEO appointment / succession is a pretty good one however you look at it.

with the thinly traded stock / market depth and the fact this has tried to push through above 15 cents on multiple multiple occassions, this could be the catalyst for sure.

today's 2 million volume was also a strong signal, as it eclipses all the prior trading days over the last 12 months data that I have access to

 

[Dona Ferentes]

something drove it higher

.
progress on their project?

Overwhelmingly, the community asked to see sustainable development through investment, quality job creation and alignment with the objectives of the Municipal Council. Outcomes that have all been specifically prioritised in the development and operating approach proposed by the Company.

Dominic Roberts, Executive Chairman commented,
“I am delighted that due process has been followed and note that the announcement of this period of public consultation is a step forward after many months of effective cooperation. The Company is ready to address any comments, whether positive or negative, and we are pleased that our host community now have the opportunity to consider what the Project means to their future prosperity. We look forward to continuing to work with both the Provincial Government and the Municipal Council to ensure that the development of the Salave Gold Project is delivered in a manner consistent with the well-articulated expectations of the local community.”
.
the quarterly?

Salave “Strategic Investment Project” application progress
As referenced in the March Quarterly Activities Report BDG applied for Salave Gold Proejct to be considered a Strategic Investment Project by Principality of Asturias, following introduction of new legislation in December 2024. The new law called the Proyectos de Interés Estratégico Regional (“PIER”) supports local development and investment. Following an appraisal of Salave against the economic, environmental and employment criteria set out in the PIER, BDG opted to submit an application for Salave to be considered a Strategic Investment Project.

Through the June quarter BDG’s application progressed and subsequent to quarter’s end, the Company received notification from the Principality of Asturias’ SEKUENS Agency that the Salave application would open for a 20-day period of public consultation commencing 28 July 2025. This consultation period relates to the proposed change of land use designation from agricultural to industrial, for the plots required by the Project for its future surface infrastructure.

Separately, independently conducted opinion polls carried out in Tapia de Casareigo Municipality area during late spring 2025 determined Salave would have majority support of more than 63% of the community, provided the Company complies with its legal obligations and stated commitments.
Approximately two thirds (64%) of those polled showed little or no confidence the Region would be able to offer job opportunities in the future. Overwhelmingly, the community asked to see sustainable development through investment, quality job creation and alignment with the objectives of the Municipal Council ...

Cash position
At 30 June 2025, Black Dragon held CAD$1.085 million.