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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Cameron Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-8-2017: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Cameron Well deposit at the Mt Morgans project. Drilling results incl. 2.3m @ 311.3g/t Au from 140m. Dacian Gold Ltd (Dacian Gold or the Company) (ASX: DCN) is pleased to a | |
| 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 all six of the first‐ ever reconnaissance diamond drill holesto be completed at the Cameron Well Prospect within its 100%‐ owned Mt Morgans Gold Project in WA have intersected bedrock gold mineralisation, including a spectacular intercept of 2.3m @ 311.3g/t Au. Dacian Gold Executive Chairman Rohan Williams said Cameron Well was emerging as a potential game‐ changer for the Company. “The fact that all six of our initial diamond holes drilled into the first bedrock target have intersected gold mineralisation is a fantastic result so early into our exploration campaign,” he said. “As we develop a clearer understanding of the orientation and geometry of the structures, we will be able target our drilling appropriately. However, the early signs are very encouraging and suggest that Cameron Well has excellent potential to become the third major gold system at Mt Morgans. “RC infill drilling is already underway along the 1.5km long mineralised structure and further diamond drilling is planned to test the other three bedrock targets within the syenite complex. “This aggressive exploration program will take place at the same time as we continue construction at Mt Morgans, where we remain on target to start gold production in March 2018.” | |
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