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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Cameron Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-9-2016: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Cameron Well deposit at the Mt Morgans project. Drilling results incl. 12m @ 0.63g/t Au from 60m. Dacian Gold Limited (ASX: DCN) is pleased to advise that reconnaissance ai | |
| Resources: | (Reserve, Prob.): 28000t @ 9.2g/t Au for 8000oz Au contained at Mt Morgans | |
| CP/QP: | [Overall Report]: Rohan Williams (Internal) | |
| ABSTRACT: | Dacian Gold Limited (ASX: DCN) is pleased to advise that reconnaissance aircore drilling at the Cameron Well Prospect within its 100%‐owned Mount Morgans Gold Project in Western Australia has returned highly encouraging results and expanded the already significant gold‐in‐regolith anomaly. The drilling results have expanded the size of the anomaly at Cameron Well to 2.5km x 2km and show that it is continuously developed over this area. Cameron Well lies just 6km east of the 1.6 million‐ounce Westralia Deposit and 10km north‐west of the +1.5 million‐ounce Jupiter Deposit at the Mt Morgans Gold Project in WA. Dacian Gold Executive Chairman Rohan Williams said the results highlighted the prospectivity of Cameron Well and the significant exploration potential of the broader Mt Morgans gold field. “These results tick all the key boxes for early‐stage exploration and exceed our expectations on several levels,” Mr Williams said. “The increased size of the gold‐in‐regolith anomaly, its continuity, the strongly anomalous assay results, and the presence of syenite all paint a very promising picture of both Cameron Well and the significant upside of our wider Mt Morgans gold field.” “The ongoing reconnaissance drilling, followed by RC drilling will provide strong news‐flow from Cameron Well at the same time as we continue the drilling at Callisto and complete the Feasibility Study on the development of the Mount Morgans Gold Project.” “Maintaining an ongoing and aggressive exploration program at Mt Morgans remains one of Dacian’s core corporate objectives,” Mr Williams said. “We have already had considerable successin discovering over 1 million ounces at each of Westralia and Jupiter over the last three years,” he said. “And while we are in the finalstages of completing a Definitive Feasibility on these two projects for Q4 of this year, it is important that we continue to explore aggressively to find more gold mines which we are confident this gold field can deliver.” | |
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