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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Beresford South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-6-2018: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Beresford South deposit at the Mt Morgans project. Drilling results incl. 17.2m @ 9.2g/t Au from 482.0m. 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 that a recently completed infill drilling program has returned numerous high‐grade results from directly below the current Beresford South Ore Reserve at Westralia, within its 100%‐owned Mount Morgans Gold Operation (MMGO) in Western Australia Executive Chairman and CEO Rohan Williams, said the latest infill drilling results highlighted the significant potential for continued growth in Mineral Resources and Ore Reserves at Westralia. “Thislatest drilling program has again confirmed the very high prospectivity of the Westralia ore system, which is already one of the largest deposits in the area with a pre‐mined endowment of over 2.5 million ounces,” he said. “We have now defined a strongly developed high‐grade ore shoot over a 750m vertical extent from the surface to the base of the current Mineral Resource. “We are confident that, by combining our careful documentation of the geology within the mine environment with the fact that the high‐grade shoots at Westralia are capable of persisting for many hundreds of metres, we will be able to target new areas of high‐grade mineralisation well away from the existing Mineral Resource. Success on this front will enable us to grow the mineral resource base at Westralia, extending the mine life and creating further shareholder value in the process.” | |
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