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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Cameron Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-6-2017: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Cameron Well deposit at the Mt Morgans project. Drilling results incl. 4.0m @ 15.2g/t Au from 8m. Dacian Gold Ltd (“Dacian Gold” or “the Company”) (ASX:DCN) is pleased to | |
| 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 Gold” or “the Company”) (ASX:DCN) is pleased to announce that it has identified four highly promising bedrock gold targets following the return of drill assays from the final 330 aircore holes of the Company’s recently completed 649‐hole, 50m x 50m spaced infill drilling program over the Cameron Well Syenite Complex. The Cameron Well Prospect is centrally located within the 100% owned Mt Morgans Gold Project, situated 20km west of Laverton in Western Australia. Dacian Gold Executive Chairman, Rohan Williams, said the results showed that Cameron Well had significant potential to host gold deposits of a similar scale to those already established at Mt Morgans. “This shallow drilling has defined four large bedrock targets, all of which have extensive overlying oxide mineralisation and anomalism”, Mr Williams said. “Given the significant size and prospectivity of these targets, we will start testing them with RC and diamond drilling from next week. We are also moving ahead with plansfor infill drilling of the large oxide gold anomaly at Cameron Well away from the main syenite complex. “This is all part of the multi‐pronged exploration strategy which is being implemented in parallel with the construction of a significant new mid‐tier gold project at Mt Morgans. “It means we will stand to generate strong news‐flow from exploration drilling as we count down over the next nine months to the start of production and cash‐flow.” | |
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