Patty, Now about Svartliden, we all know that we have only measured reserves of 50,000 oz, however we have a further 120,000 oz that is already drilled up to indicated and a total resource of 185,200 oz. To put it simple, 2010 will involve extensive drilling mainly to firm up the "indicated" resource to "measured", I don't see a problem with that. The drilling will also be to extend the total resource within the known areas.
Svartliden Gold Mine
Drilling has commenced on the East Zone Open Cut
Extension area, with a 4,600 metre drilling campaign.
...Numerous high grade intercepts including 5.00m @ 22.25 g/t gold, 6.00m @ 8.81 g/t gold, 11.00m @ 9.83 g/t
gold, 5.00m @ 11.24 g/t gold, 8.00m @ 15.59 g/t gold, 5.00m @ 8.67 g/t gold and 5.00m @ 12.85 g/t gold were received, predominantly from the North Lode at the western end of the deposit.
...In addition, drilling activities along the eastern strike extensions yielded very promising results, including an intercept of 5 metres @ 17.81 g/t gold. This intercept is located 65 metres below the planned limit of the current final open pit design in an area previously not drill tested, continuing to highlight the potential for higher grade mineralisation below the open pit.
...Dragon Mining will now embark on an aggressive drilling campaign with the aim to significantly increase the Svartliden Resource and Reserve inventory and extend the mine life. It is planned for 22,000 metres of drilling to be completed over 12 months,
Open Pit
(1)
Measured 429,000 3.3 45,500
Indicated 431,000 3.2 43,800
Inferred 34,000 2.5 2,700
Total 894,000 3.2 92,000
Underground
(2)
Indicated 259,000 7.2 59,700
Inferred 53,000 6.8 11,700
Total 312,000 7.1 71,400
Stockpiles
(3)
Measured 42,000 3.6 4,900
Indicated 286,000 1.8 16,900
Total 328,000 2.2 21,000
Total
Measured 471,000 3.3 50,400
Indicated 976,000 3.8 120,400
Inferred 87,000 5.1 14,400
Total 1,534,000 3.8 185,200
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