Monday 29 March 2010

Dragon Mountain Gold encouraged by drilling results at Wa Wu Gou prospect

Dragon Mountain Gold (ASX: DMG) has announced the second set of assay results from the drilling at the Wa Wu Gou prospect within the Liba License for its Lixian Gold Project in Gansu Province, Central China.

The Wa Wu Gou prospect is located between the established Zhao Gou and Ma Gou gold deposits. Aqua regia results were received from the Tianshui Geological Group Assay Laboratory at Tianshui.

Composited intercepts show significant intersections above a cut-off grade of 0.5g/t Au. The results prove the continuity of the structure further west at +300m strike length.

DMG’s Executive Director, Mr. Robert Gardner said “this additional drilling from the second stage of this drilling program further enhances the Wa Wu Gou prospect. These results certainly are encouraging in the area, covering a considerable strike length of more than 800m.”

The drilling program was carried out using wire line triple tube diamond core equipment and was designed to explore along the projected strike length of the main Wa Wu Gou mineralisation.

The objective of the drilling program has been to examine the geological characteristics and continuity of the structures identified by previous mapping, trenching and surface sampling undertaken by Tianshui Geological Group, an exploration arm of the Gansu Non-Ferrous Metallurgical Bureau.

http://www.proactiveinvestors.com.au/companies/news/6045/dragon-mountain-gold-encouraged-by-drilling-results-at-wa-wu-gou-prospect-6045.html

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