Shares of Dragon Mining (01712) rose more than 7% in early trading. As of press time, the stock was up 6.76% at HK$9.32, with a turnover of HK$4.0761 million.
On the news front, Dragon Mining announced that it has received final assay results from three underground diamond core drilling programs completed at the Jokisivu gold mine in southern Finland, where high-grade intercepts have been identified.
The company stated that the programs have delineated the vein extent of the Arpola target area, providing important information regarding its scale and geometry. The intercepts obtained from the programs include high grades from the Arpola-82026 program, including 13.6 to 36.2 grams of gold per tonne measured across six drill holes.
The company noted that drilling has shown that gold mineralization in the Kujankallio area extends vertically for more than 710 meters from surface, while gold mineralization in the Arpola area extends vertically for more than 480 meters from surface. The Jokisivu deposit remains open at depth and along strike.