Dragon Mining (ASX: DRA) has delivered a broad bonanza gold intersection at the Kuusamo gold project in Finland, with the company's aggressive exploration program paying dividends.
The latest highlight is 45.80 metres at 32.96 grams per tonne (g/t) gold from 133 metres.
Boosting the intersection even further is the inclusion of other mineralisation, being; elevated levels of cobalt (1,119ppm), copper (1,109ppm) and total rare earth oxides (266ppm).
Dragon said that the result has confirmed the widths of the mineralised zone in the area, and has returned grades commensurate with the bonanza grades obtained in historic drill hole KS/JS-21, immediately down-dip.
Todays's bonanza intersection was from an in-fill hole and is part of the 14 hole, phase 4 campaign.
This campaign is designed to test the strike and depth extensions of the identified lodes in the northern portion of the Juomasuo deposit.
Drilling continues at Juomasuo with two rigs advancing the 17 hole, phase 5 campaign, which is testing the strike and depth extensions of mineralised units in the southern portion of the deposit.
The program is also evaluating the extent and geometry of mineralisation in the eastern area.
This follows up on a high grade intercept announced two weeks ago of 25.60 metres at 9.66g/t gold from 59.55 metres.
A third rig is drilling a 7 hole, 1,000 metre campaign at the Pohjasvaara deposit, 1,400 metres southeast of Juomasuo.
Juomasuo bonanza historic hits
In outlining the potential of the Juomasuo gold deposit, it is also worth reviewing some historic bonanza grade strikes.
- 19.20 metres at 179.52g/t gold;
- 3.70 metres at 426.98g/t gold;
- 19.60 metres at 63.70g/t gold;
- 4.12 metres at 265.50g/t gold; and
- 8.00 metres at 48.85g/t gold.