Black Dragon Gold Corporation announced it has identified gold in soil anomalies at its 100% owned Padbury Gold Project near Meekatharra, Western Australia. The soil program, consisting of 541 new samples tested using the innovative CSIRO Ultrafine technique, is the first significant gold exploration program at the project beyond traditional surface prospecting activity. Significant gold in soil anomalies included: 3700m x 700m gold in soil anomaly at the Fenceline Prospect.

2300m x 1100m gold in soil anomaly at the Ross's Bore Prospect. 1000m x 350m gold in soil anomaly at the Honey Pot Hill Prospect. The Padbury Gold Project is an intrusion related gold target located on the northern Yilgarn Margin.

New gold anomalies detected through the sampling program are parallel with a regional WNW-ESE striking structural geological architecture. Anomalies are coincident with prospecting activity where numerous gold nuggets and gold in quartz have been identified in surface quartz lag deposits. The application of the Ultrafine geochemistry soil technique reduces the nugget effect and is designed to detect bedrock accumulation including gold from intrusion related gold structures.

SOIL PROGRAM AT PADBURY GOLD PROJECT: Since acquiring the project in July 2022 the Company commenced a regional soil sampling program. Previous prospecting activity identified accumulations of gold nuggets and gold in quartz, however, the project had not been subjected to exploration using modern techniques. Much of the project area is covered in surficial quartz lag sediments, with only scant exposure of the bedrock granitoids.

The Company conducted a soil sampling program focused on ridges and spurs, where transported cover is thinnest, with samples spaced between 100m and 600m along sample lines. Samples were sent to LabWest in Perth for the application of the innovative Ultrafine technique, pioneered by Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO). The Ultrafine technique involves assaying the <2 micron fraction, which reduces statistical nugget effect to enable identification of bedrock sources.

This work identified several targets over a regional 8km gold trend, coincident with a WNW-ESE striking structural grain identified in previously conducted remote sensing interpretations. In addition, geochemical principal component analysis of the multi-element data shows there is a spatial association with elevated lanthanum-cerium-magnesium-calcium that indicates potential carbonate alteration in geological structures, and copper-silver-mercury that is a common association in the intrusion related gold deposits. These associations further indicate that the source of the anomalism is likely related to a bedrock accumulation of mineralisation.

Compilation of prospector gold occurrences: The project includes a compilation of prospector identified gold occurrences. These locations have been supplied to the Company under an agreement with prospectors. Gold has been recovered using non-mechanical methods (metal detecting) with both free gold nuggets and gold in quartz, which is presumed to be eroded from nearby bed rock sources.

In total 65 individual sites have been recorded and follow a broad WNW-ESE trend similar to the gold-in-soil sampling.