Proactiveinvestors Australia

Kuusamo continues to deliver Dragon bonanza gold intersections, with the latest 17.60 metres at 34.01g/t gold from 186 metres - which includes the stunning 1.1 metres at 497g/t gold.

The upgrade of the Juomasuo resource, the largest of five gold deposits at the Kuusamo Gold Project in Finland, represents an important step in Dragon Mining's growth strategy. Kuusamo has significant potential as all deposits remain open along strike and with depth.

Within just six months of acquiring full ownership of the Svartliden Gold Mine, drilling by Dragon Mining has unveiled a new zone of gold mineralisation at the Far East target, which is one of a number of near mine areas that can potentially extend the mine life.

The broad, very high grade gold intersections keep on coming for Dragon Mining at Kuusamo -  with the latest importantly confirming the depth and strike continuation of the lode.

The bonanza grade hits keep on coming from the Kuusamo gold project in Finland, with the latest 9 metres at 30.17g/t gold. This follows just a fortnight after the even more impressive 45.80 metres at 32.96g/t gold.

Drilling of high grade gold targets is the primary objective for Red Mountain Mining’s $2.8 million partially and conditionally underwritten pro-rata, renounceable rights issue. This is expected to lead to a resource upgrade and positive Scoping Study.

Cleveland Mining’s David Mendelawitz has successfully negotiated a deal to acquire three high potential iron ore exploration projects in Brazil under a strategic alliance with BC Iron, (Market Cap: $385 million) that will de-risk the path to iron ore production.

Ongoing assessment, including an extensive soil sampling program, is being carried out to identify further targets for Paynes Find Gold’s planned Stage 3 drilling program. There will also be the first gold pour from its small scale mining operations in coming weeks.

Red Mountain Mining has delivered more high grade, near surface gold from drilling of just the second of five epithermal vein structures at the Lobo Prospect in the Philippines. These provide an opportunity to convert into high grade resources in the coming months.

With a capital cost of just $15 million and operating costs below the industry average, and payback within one year, Hill End Gold’s decision to progress the Hargraves Gold Project towards a Feasibility Study has been justified.