Provincial Government Grants Permit Extensions
Black Dragon Gold Corp. (ASX/TSX-V: BDG) ('Black Dragon' or the 'Company') is pleased to announce that it has received a 30 year extension on its Ampliacion a Figueras Mining Permit, and a 3 year extension to the Salave Investigation Permit, from the Government of Asturias.
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Figure 1 - Salave Permits and Concessions (Photo: Business Wire)
As Black Dragon embarks on an expanded exploration program following the recent drilling results, the extension of the Investigation Permit is a significant achievement. The permit covers over 2,771 hectares primarily to the south of the current Salave deposit (See figure 1) where little or no exploration has been completed historically.
Black Dragons CEO & Managing Director commented, the extension of the permits is a great outcome for the company, and will allow us to expand our exploration program at Salave. The current mineral resource at Salave is confined to a 25ha area, and the Investigation Permit offers us over 2,771ha of unexplored ground. Our improved geological dataset will assist us to identify the potential for other deposits in this highly prospective region of Spain.
Table 1 – Salave Concession Details
| Concession Name |
Registration
|
Area |
Area (m2) |
Date Granted | Expiration Date | |||||||||||||||
| Dos Amigos | 24.371 | 42.01 | 420,100 |
September 10, |
October 10, 2015 | |||||||||||||||
| Salave | 25.380 | 67.99 | 679,900 |
April 10, 1945 |
October 10, 2015 | |||||||||||||||
| Figueras | 29.500 | 304.54 | 3,045,400 | January 25, 1977 | January 25, 2037 | |||||||||||||||
| Ampliacion a Figueras | 29.969 | 68.85 | 688,500 | November 9, 1988 |
November 9, |
|||||||||||||||
|
Segunda Ampliacion a
|
29.820 | 167.55 | 1,675,500 |
September 16, |
September 16, |
|||||||||||||||
|
Investigation Permit - |
30.812 | 2765.00 | 27,650,000 |
February 18, 2014 |
November 15, |
ABOUT BLACK DRAGON GOLD
Black Dragon Gold "BDG" is the 100% owner of one of the largest undeveloped gold projects in Europe, the Salave project. Salave is situated in the North of Spain in the province of Asturias. The Salave project has an updated combined Measured and Indicated Mineral Resource of 8.21 million tonnes grading 4.58 g/t Au, containing 1.21 million ounces of gold, plus Inferred resources totalling 3.12 million tonnes grading 3.47 g/t Au, containing 348,000 ounces of gold.
A full technical report summarizing the Mineral Resource estimate completed by CSA Global is in progress and will be completed and posted on SEDAR and the Company’s website within 45 days. In addition to the current Mineral Resource, historical exploration work suggests there is the potential for additional mineralization within Black Dragon’s landholdings.
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