Dragon Mining (ASX: DRA) has been granted a trading halt by the ASX pending an announcement relating to a 'significant drill result from the Kuusamo gold project in Finland', with the company's shares placed in pre-open.
Kuusamo has recently been providing Dragon with some major gold hits, with the company earlier in the month reporting intercepts including:
- 7.30 metres at 8.18 grams per tonne (g/t) gold from 48 metres;
- 9.95 metres at 3.81g/t gold from 196 metres; and
- 7.40 metres at 3.59g/t gold from 194 metres.
Kuusamo is located 700 kilometres northeast of Helsinki, and comprises a series of tenements with a combined Indicated and Inferred Resource of; 2.19 million tonnes at 5.4g/t gold for 383,500 ounces.