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Black Dragon Gold Corp

Black Dragon Gold roars higher as first two holes at Salave deposit in Spain impress

Highlights included an interval of 6.79 meters (m) with 30.27 g/t (grams per ton) gold and another of 10 meters at 13.43 g/t

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The firm reported encouraging gold intercepts

Shares in Black Dragon Gold Corp (CVE:BDG) surged 20% on Thursday in Toronto as it posted encouraging gold grades from early drilling at its Salave deposit in northern Spain.

The program is targeting the current resource model in a bid to confirm the presence of vertically oriented zones of high grade gold.

Results from remaining holes ...

The results today come from the first two diamond holes.

Highlights included an interval of 6.79 meters (m) with 30.27 g/t (grams per ton) gold and another of 10 meters at 13.43 g/t of the yellow metal.

"Whilst the results published today only represent a small number of the holes in the current program, the orientation of the intercepts support our view that Salave is indeed open to the SE and NW, and at depth," said chief executive and managing director of Black Dragon, Paul Cronin.

He added: "We look forward to seeing the results from the remaining holes once completed, but at this stage we are thrilled with the additional exploration potential that these results indicate."

Shares gained 20% to C$0.090 in Toronto.

Quick facts: Black Dragon Gold Corp

Price: $0.08

Market: TSX-V
Market Cap: $8.87 m
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