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Ann: Additional information requested for Faboliden test mining, page-6

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miningnut

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29/12/17

13:50

Post #: 29932676
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Originally posted by miningnut ↑

Hopefully we'll get a detailed announcement on the HK listing in the coming week followed by the Annual Report in the following week.
Dragon mentioned in the last quarterly report the Faboliden-samrad community report that is in Swedish on their website(sitemap #18). Although I managed to get an English translation, HC won't let me upload it due to a security problem.
Main tid-bits for me from the report are:
3000 metres of geological & geotechnical core drilling to increase knowledge of the mineralization distribution to be done in the snow-free period in Q2,2017(Bottom of Pg25)
Opencast mining amounts to a maximum of 500,000 tonnes of ore per year(Top of Pg29)
Openpit to depth of 140metres, underground to depth of 700metres. Estimated ore in open pit is 2 million tonnes plus 3 million tonnes underground(Bottom of Pg30)
Underground extraction rate may reach 500,000 tonnes of ore per year(Top of Pg31)
Trucks to carry 30 tonnes of ore and do a total of 50 return trips per day(Bottom of Pg31)
45 full time staff at Faboliden normally(Bottom of Pg37)

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You can read my above post dated 25/03/17 or download the following link(in Swedish):
http://www.dragonmining.com/static/files/samradsunderlag_fabolidengruvan_20161228.pdf
And concentrate on pages 29 to 31.

DRA Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
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Ann: Additional information requested for Faboliden test mining, page-6

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Ann: Additional information requested for Faboliden test mining, page-6

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