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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Beresford North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-6-2018: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Beresford North deposit at the Mt Morgans project. Drilling results incl. 26.1m @ 3.1g/t Au from 567.6m. Dacian Gold (“Dacian Gold” or “the Company”) (ASX: DCN) is pleased | |
| Resources: | (Reserve, P+P): 18.585Mt @ 2.0g/t Au for 1.2Moz contained at Mt Morgans | |
| CP/QP: | [Overall Report]: Rohan Williams (Internal) | |
| ABSTRACT: | Dacian Gold (“Dacian Gold” or “the Company”) (ASX: DCN) is pleased to announce thatrecent drilling has further expanded the potential of the 1.6Moz Westralia Ore System at its 100%‐owned Mt Morgans Gold Operation in WA, with the latest high‐grade results opening up a major new highly prospective target area extending for up to 2km beyond the existing resources and mining areas. New results from a 24,566m, 38‐hole infill and extensional diamond drilling program below the Beresford North Ore Reserve have contributed to an improved understanding of the controls of the mineralisation at Westralia. The new geological understanding hasled the Company to identify large tracts of presently undrilled banded iron formation (BIF), the key host rock for gold mineralisation at Westralia, that it believes is highly prospective for the definition of additional Mineral Resources. This significant breakthrough follows the new diamond drilling results reported recently below the Beresford South underground mine (see Dacian Gold’s ASX release of 13 June 2018), where infill and extensional drilling has confirmed that the high‐grade shoot observed within the mine persists for a further 250m below the Beresford South Ore Reserve. Executive Chairman and CEO Rohan Williams said, “The results from recent deeper drilling at Westralia, when combined with the geological understanding of the deposit we have developed over the past five years, amount to a very important new development which has significant implications for the future of the Mt Morgans Gold Operation. | |
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