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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Cameron Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-5-2017: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Cameron Well deposit at the Mt Morgans project. Drilling results incl. 8m @ 3.3g/t Au from 0m. Dacian Gold Ltd (“Dacian” or “the Company”) (ASX: DCN) is pleased to report e | |
| 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 Ltd (“Dacian” or “the Company”) (ASX: DCN) is pleased to report excellent results from recent infill aircore/RAB drilling at the Cameron Well prospect, located within its 100%‐owned Mt Morgans Gold Project near Laverton in Western Australia, with the first batch of assays confirming the presence of extensive and widespread shallow gold mineralisation at the emerging prospect. Dacian Gold has received the results of 319 holes from a planned 589‐hole aircore and RAB drilling program designed to provide a 50m x 50m drill coverage over the Cameron Well Syenite Complex. Dacian Gold Executive Chairman Rohan Williams said: “These results support our view that Cameron Well has all the hallmarks of being another major mineralised system at Mt Morgans. “The number of mineralised holes within the Cameron Well Syenite Complex is remarkable, especially considering that a quarter of the 50m spaced holes we have drilled ended with anomalous gold or mineralisation at the bottom of the hole” he said. “Cameron Well has the potential to create substantial value for Dacian shareholders, particularly given that it would be able to leverage the processing infrastructure now being built at Mt Morgans. “The two‐pronged strategy now being implemented at Mt Morgans will see us in production in March next year while at the same time exploring highly prospective near‐mine targets such as Cameron Well and Jupiter South. In light of the results we are seeing on both fronts, we are increasingly confident that this strategy will continue to demonstrate the immense underlying value of Mt Morgans.” | |
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