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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Cameron Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-2-2018: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Cameron Well deposit at the Mt Morgans project. Drilling results incl. 7m @ 10.6g/t Au from 19m. Dacian Gold Ltd (ASX:DCN) (Dacian Gold or the Company) is pleased to annou | |
| 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 (ASX:DCN) (Dacian Gold or the Company) is pleased to announce excellent Reverse Circulation (RC) drilling results which confirm that the Cameron Well Prospect isthe third significant gold discovery at its 100% owned Mt Morgans Gold Project, located 25km south‐west of Laverton in Western Australia Dacian Gold’s Executive Chairman, Mr Rohan Williams, said Cameron Well was now confirmed as the third significant gold discovery made by the Company at Mt Morgans after Westralia and Jupiter, with the recent drilling results amounting to a significant breakthrough for its exploration team. “RC drilling has now intersected good widths and grades of shallow oxide mineralisation over an area of 1.5km by up to 1km, confirming the mineralisation seen in our original aircore drilling programs laying the foundations for a maiden oxide Mineral Resource” he said. “This is a very exciting development given the vast extent of anomalism and mineralisation seen in previous drilling over an area of 6km2. . “We have commenced a 16,000m RC program targeting a maiden oxide Mineral Resource at Cameron Well. In parallel, we have started collecting Feasibility Study data to be used in assessing the potential for oxide Ore Reserves at Cameron Well with the target of announcing a maiden Ore Reserve by the middle of the year. “With the additional discovery of at least four bedrock structures below the extensive oxide gold mineralisation, we are confident that Cameron Well has the potential to become the Company’s third significant mining complex at Mt Morgans. | |
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