The intercepts were identified during the assay results for phase 13 diamond core drilling program targeting the north-western portion of the Juomasuo deposit.
The assay results have also returned significant intersections including 8.85 meters at 6.90 grams per ton gold, 6.60 meters at 8.25grams per ton gold and 4.45 meters at 9.44 gram per ton gold.
The company has concluded nine holes of the twelve hole 4,200 meter program.
The Juomasuo deposit is the largest of the three deposits in the Kuusamo mine project and it represents a geologically well-defined zone of steeply dipping medium to high grade gold mineralization that remain open at depth, the company said.
It extends to over a strike length of 280 meters and has a vertical extent of 280 meters from surface. It returned 85% of the gold resource tons between surface and a vertical depth of 180 meters.
Dragon Mining, meanwhile, is planning to commence the drilling program for remaining three holes under phase 13 during the latter part of 2013.
Kuusamo located in northeast of Helsinki comprises five known gold deposits with a combined measured, indicated and inferred resource of 459,600 ounces grading 4.2 grams per ton gold.
