All tagged Black Dragon ASX:BDG
Nervous investors have been reluctant to support the junior end of the mining and exploration sector. But that has not deterred a raft of players from continuing to add value to their projects - and position themselves for the inevitable uptick in investor sentiment.
Newly listed Black Dragon Gold (ASX: BDG) has announced an updated NI 43-101 mineral resource estimate for its Salave gold deposit in northern Spain. The updated combined measured and indicated mineral resource now totals 8.21 million tonnes grading 4.58g/t Au, containing 1.21 million ounces of gold, plus inferred resources totalling 3.12 million tonnes grading 3.47g/t Au, containing 348,000 ounces of gold. The new estimate represents a 28% increase from the 944,000 ounces defined in the company's previous resource estimate.
Newly listed Black Dragon Gold (ASX: BDG) has struck a deal to buy back a royalty covering production from its high-grade Salave gold project in northern Spain. The buyback of the royalty, which was held by RMB Australia, was priced at a fraction of the original fee agreed by Black Dragon's previous management two years ago. The royalty buyback continues the positive news flow by Black Dragon since it listed on the ASX in August.
Newly listed Black Dragon Gold (ASX: BDG) has maintained its busy and positive newsflow with high-grade assays from the final holes of its 2018 drilling campaign. The holes, at Black Dragon's 100% owned Salave gold project in northern Spain, returned hits including 23.3m at 29.1 g/t and 14m at 10 g/t. Significantly, the results were outside of Salave's mineral resource model. Black Dragon expects to release an updated mineral resource within months.
Newly listed Black Dragon Gold (ASX: BDG) has followed up on its promise of positive newsflow with the announcement of some massive high-grade gold hits at its Salave project in northern Spain. The drilling, outside Salave's current resource model, included 4.4m at 41.9g/t from 125m, 30.8m at 7.1g/t from 218m and 12.6m at 18.1g/t from 284m. Black Dragon, which listed on the ASX last month, has flagged an upgrade of Salave's 944,000oz resource later this year.
Black Dragon Gold (ASX: BDG) has joined the ranks of ASX-listed gold stocks following the completion of its $6 million IPO. Black Dragon shares began trading today, providing local investors a first look at one of the highest-grade and most advanced gold development stories on the local bourse. Black Dragon owns 100% of the Salave project in northern Spain. An upgrade to Salave's resource, currently at 6.5mt at 4.51 g/t for 944,000oz, is expected later this year.
Black Dragon Gold has completed its $6 million initial public offering oversubscribed ahead of commencing trading on the ASX tomorrow. The IPO, led by Hartleys, proved popular with institutional, high net work and retail investors keen to be part of Black Dragon's development of the high-grade Salave underground gold project in northern Spain. Salave already has a 944,000oz resource at an average grade of 4.5g/t, with an update due shortly.
Black Dragon Gold's listing on the ASX next month has taken a significant step forwards with the gold develpment company's Initial Public Offering prospectus now open to applications from the public. Black Dragon, which will trade on the ASX under the ticker BDG, is seeking to raise up to $6 million to advance its high-grade Salave gold project in northern Spain. The company has already received IPO commitments for more than $4 million.