Dragon Mining Set to Advance Fäboliden Gold Deposit, Sweden
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Dragon Mining has delivered an impressive maiden resource of 6.9 million tonnes at 3.3g/t gold for 743,000 ounces for the Fäboliden project in northern Sweden.
The Fäboliden Gold Deposit is a medium grade body of gold mineralization that has good potential for exploitation by open-pit and underground mining methods.
The deposit is now subject to a detailed open-pit mining study as Dragon continues to evaluate the viability of establishing a new gold mine in close proximity to the company’s existing processing infrastructure at Svartliden.
Fäboliden represents a potential source of gold bearing material that could be trucked to, and processed at Svartliden, an operating 300,000 tonne per annum conventional comminution and carbon in leach (CIL) plant.
Source: (December 31, 2015) Proactive Investors
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Dragon Mining is a minerals explorer.
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