EXTENSION OF SALAVE GOLD PROJECT INVESTIGATION PERMIT IN PROGRESS

Black Dragon receives approval from the Government of the Principality of Asturias to initiate an extension of the existing Sallave Investigation Permit.

This extension allows Black Dragon to open discussions to transform part of the Investigation Permit into a mining concession.  Black Dragon will continue to work collaboratively with the Government of the Principality of Asturias to respond and continue to progress the permitting and development of Salave.

Black Dragon Gold Corp. is pleased to confirm the Government of the Principality of Asturias in Spain has agreed to initiate the extension process for Black Dragon’s existing Sallave⁽ⁱ⁾ Investigation Permit which encompasses the Salave Gold Project. The extension application was submitted to the Asturian Ministry of Mines by Black Dragon’s Spanish subsidiary, Exploraciones Mineras del Cantábrico. Discussions are ongoing with the Government in managing the partial transformation of the Sallave⁽ⁱ⁾ Investigation Permit into a mining concession adjacent to the current Mining Rights of the Salave Gold Project. The extension of the Sallave⁽ⁱ⁾ Investigation Permit follows on from Black Dragon’s recent ASX update, ‘Salave Gold Environmental Impact Assessment Progress Update’, confirming that the Company is responding to the public comments received during the EIA consultation period.

 

⁽ⁱ⁾ Naming Convention: Black Dragon’s Mining rights are grouped into the ‘Salave’ Gold Project for concessions or mineral extraction rights. The Investigation Permit is called ‘Sallave’ with a different area and different rights applied to its use. There is a subtle spelling difference applied by the Asturian Ministry of Mines between the Salave minng concessions for mineral rights (spelled with 1 ‘l’) compared to the Sallave Investigation Permit right (spelled with 2 ‘ll’)