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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Jupiter | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-6-2016: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Jupiter deposit at the Mt Morgans project. Drilling results incl. 139.3m @ 1.3g/t Au from 186.8m. Dacian Gold Ltd (ASX: DCN) (“Dacian Gold” or “the Company”) is pleased to | |
| Resources: | (Reserve, Prob): 28000t @ 9.2g/t Au for 8000oz Au contained at project | |
| CP/QP: | [Overall Report]: Rohan Williams (Internal) | |
| ABSTRACT: | Dacian Gold Ltd (ASX: DCN) (“Dacian Gold” or “the Company”) is pleased to advise that the imminent Mineral Resource upgrade at the Jupiter Prospect, within its Mount Morgans Gold Project (“MMGP”) in WA, will now incorporate a number of significant wide intersections returned outside the boundaries of known mineralisation from recent geotechnical and metallurgical testwork drilling. The latest results from a detailed diamond drilling program designed to test wall rock conditions of the conceptual open pits at the Heffernans, Doublejay and Ganymede deposits have also provided further support for the potential to merge the three proposed open pits into a single 1.8km-long open pit. The latest results come ahead of a period of strong anticipated news-flow for Dacian Gold on several fronts at the MMGP, as it continues to advance rapidly towards its objective of becoming Australia’s next significant mid-tier gold producer. An upgrade to the existing 1.1 Moz Jupiter Mineral Resource is scheduled to be published in the coming weeks with a maiden Ore Reserve to follow in August. Final assay results are also expected this month from the 26-hole in-fill diamond drilling program at the Westralia Underground Prospect. Mineral Resource updates for the Westralia Underground and Morgans Underground (current Mineral Resource of 1.5 Moz at 5.1 g/t Au) are also due in July. | |
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