Ovoca aacquires new ground in Sweden

Irish exploration company Ovoca Resources said today it has acquired a new exploration concession in the Vasterbotten district of northern Sweden, with production planned for later this year.

The Sjoliden concession is located along the 'Gold Line' area, about 5km north of Dragon Mining's Svartliden gold project with proven and probable reserves of 1.41 million tonnes at 5.65 grammes a tonne.