Black Dragon Gold Advances Salave Project Amidst Regulatory Hurdles

An announcement from Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh ( (AU:BDG) ) is now available.

Black Dragon Gold Corp. has made significant progress in advancing the Salave Gold Project in Asturias, Spain, throughout 2024. The company has been actively engaging with local government and stakeholders to secure environmental impact assessment approvals and land re-zoning necessary for the project’s development. Despite facing challenges such as the rejection of a land re-zoning application by the Tapia de Casariego Town Council, which is being legally contested, the company remains committed to its strategic goals. Black Dragon has also applied for strategic status under a new regional law to expedite project approvals and has extended its Sallave Investigation Permit, allowing further exploration and drilling activities. These efforts are crucial for the project’s advancement and have implications for the company’s positioning in the gold mining industry.

More about Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh

Black Dragon Gold Corp., incorporated in British Columbia in 2007, is focused on the development and de-risking of the Salave Gold Project in Northern Spain. The company operates through its Spanish subsidiary, Exploraciones Mineras del Cantábrico, and is listed on the Australian Securities Exchange. Its main activities involve gold mining and exploration, with a significant focus on securing necessary permits and approvals for its operations.

YTD Price Performance: -50.0%

Average Trading Volume: 1,166

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $3.44M

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