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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Cameron Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2017: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Cameron Well deposit at the Mt Morgans project. Drilling results incl. 8m @ 1.3g/t Au from 20m. Dacian Gold Ltd (ASX:DCN) is pleased to announce that new results from an in | |
| Resources: | (Reserve, P+P): 18.6Mt @ 2.0g/t Au for 1.2Moz contained at Mt Morgans | |
| CP/QP: | [Overall Report]: Rohan Williams (Internal) | |
| ABSTRACT: | Dacian Gold Ltd (ASX:DCN) is pleased to announce that new results from an integrated exploration campaign have significantly improved the potential of the Cameron Well Prospect at the Company’s 100%‐owned Mt Morgans Gold Project near Laverton in Western Australia. The latest exploration program comprised reconnaissance drilling, a detailed ground magnetic survey, field mapping and rock chip sampling. Each of these activities hasreturned strong results, further highlighting Cameron Well’s potential to host a significant gold deposit just 12km from the 1.4Moz Jupiter deposit and the soon to be constructed 2.5Mtpa CIL treatment facility. Dacian Gold Executive Chairman Rohan Williams said the latest exploration results from Mt Morgans painted a clear picture of a large and compelling gold prospect at Cameron Well. “These results tick every box when it comes to establishing a high‐priority gold exploration target. We believe Cameron Well has all the hallmarks of another major mineralised system at Mt Morgans,” Mr Williams said. “Together with our recently announced success at the Jupiter Regional Prospect – where we have delineated two +1km long gold trends immediately adjacent to the planned open pit – Dacian Gold now has two outstanding exploration targets with strong potential to grow Mt Morgans’ Mineral Resource base this year. “We begin a 335‐hole aircore/RAB drill program this week to infill the Cameron Well Syenite Complex ahead of a major RC and diamond drill program in the next quarter. “This aggressive exploration program will take place at the same time as we build the Mt Morgans mine infrastructure ahead of gold production at the end of March next year. “This means that, over the coming year, shareholders can look forward to strong and consistent news‐flow from both exploration drilling and project development milestones.” | |
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