BDG - Black Dragon Gold Corp.

[System]

Black Dragon Gold Corp. owns 100% of the Salave gold project in the Asturias region of Spain, through its wholly owned subsidiary EMC. Salave is a technically robust project situated in a highly prospective region and recognised as one of the largest undeveloped gold projects in Europe.

The Salave gold project hosts a measured and indicated resource of 6.52 million tonnes grading 4.51 g/t Au containing 944,000 ounces of gold and inferred resources of 1.08 million tonnes grading 3.05 g/t Au containing 106,000 ounces of gold at a 2.0 g/t Au cut off grade. At a 3.0 g/t cut off, there is a significant high grade, measured and indicated resource of 3.60 million tonnes grading 6.19 g/t Au containing 716,000 ounces of gold, amenable to underground mining.

Funds raised in the IPO will be used to undertake an exploration drill programme to better understand the extent of the project's gold mineralisation and deliver an updated Mineral Resource Estimate, and to advance permitting of the project with mine development planning, metallurgical testwork, environmental studies and permitting studies.

It is anticipated that BDG will list on the ASX during August 2018.

https://www.blackdragongold.com

 

[signalFollower]

seems like not too many followers at all ?

 

[signalFollower]

through my holdings in Antilles Gold (AAU), I noted that they have a holding themselves in Black Dragon Gold (BDG).

So what you may say, well BDG is related to Adriatic Metals (ADT) and its MD and CEO, Paul Cronin.

Paul has recently put in $750K to BDG in the recent cap raise at 5.6c plus "free" options.

Anyone who knows Adriatic Metals, should be familiar with its upward price trend for the most part of the last couple of years.

Anyone who knows the history of Antilles Gold Chairman,Brian Johnson should know that he makes acquisitions when times are good.

Purely speculation, but maybe something is going to happen between Antilles AAU and Black Dragon Gold BDG looking forward ?

below is the excerpt from Antilles Gold 2020 Annual Accounts, they have 3,666,666 shares of BDG as an on blance sheet investment.

so all said and done, I have taken a speculative positon in BDG myself with prices close to the recent cap raise offer.

 

[signalFollower]

+14% on today's announcement is alright !

plus the fact that appointing a CEO from within (the current CFO) to take over from the very busy current Managing Director and CEO - Paul Cronin while he is overseeing Adriatic Metals (ADT) to mine and production stages

 

[signalFollower]

UPDATE

+30% reaction to a CEO appointment / succession is a pretty good one however you look at it.

with the thinly traded stock / market depth and the fact this has tried to push through above 15 cents on multiple multiple occassions, this could be the catalyst for sure.

today's 2 million volume was also a strong signal, as it eclipses all the prior trading days over the last 12 months data that I have access to