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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Cameron Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-7-2018: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Cameron Well deposit at the Mt Morgans project. Drilling results incl. 97m @ 3.1g/t Au from 59m. Dacian Gold Ltd (ASX:DCN) (Dacian Gold or the Company) is pleased to announ | |
| 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 that it has intersected very thick , high‐grade mineralisation from two new holes at the Cameron Well Prospect within its 100%‐ owned Mt Morgans Gold Operation (MMGO) near Laverton in Western Australia. The two intersections, which both intersected oxide and bedrock mineralisation, are the best continuously mineralised intersections drilled to date at Cameron Well Dacian Gold Executive Chairman and CEO, Mr Rohan Williams, said the latest hits were extremely important for several reasons. “These new results will be included in the upcoming maiden Mineral Resource estimate for Cameron Well, which is due later this month,” Mr Williams said. “This impending estimate is in turn part of Dacian’s strategy to grow the Mineral Resource base and mine life at Mt Morgans.” Mr Williams said there was growing evidence that Cameron Well was a significant discovery. “The more we drill at Cameron Well, the more we believe we are onto something very substantial here,” he said. “There is clearly more work to do, but it is increasingly apparent that Cameron Well has the potential to become our third production hub at Mt Morgans.” Mr Williams said the latest drilling results capped a period of strong performance at Mt Morgans following the Company producing over 34,000 ounces in its first quarter after completion of project construction. (see ASX release 6 July 2018). . “Our production ramp up is well on track, with the project meeting guidance for the June quarter,” he said. “We are now well‐positioned to meet production guidance for FY2019. | |
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