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Tuesday, 14th June 2005 (4211 views)

Dragon Gold Resources has revealed that it is to expand its exploration areas in Mongolia.<br/><br/>The company, headquartered in London, has acquired two exploration licenses in the Uyurkhangai Province.<br/><br/>Covering a total of 23,352 hectares, the properties lie on the south-eastern boundary of the Khangai and Bayankhongor metallogenic zones, about 420 kilometres south-west of Ulaambaatar.<br/><br/>Dragon Gold is currently completing its review of previous exploration works and preparing a field work programme for the new properties.<br/><br/>"We are pleased with the addition of these two properties to our Mongolian gold/copper portfolio," said Albert Cui, director of exploration for Dragon Gold. <br/><br/>"The geological features, mineral showings, and ancient Chinese pits, as described by previous exploratory work, indicate a good potential for the discovery of gold or gold/copper deposits. <br/><br/>"I believe this will enhance the scope of Dragon Gold's future exploratory success in Mongolia."<br/><br/>The new properties bring Dragon Gold's exploration areas in Mongolia to a total of 71,200 hectares.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8744375"/>

 

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