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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Mt Morgans | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-2-2019: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Mt Morgans deposit at the Mt Morgans project. Drilling results incl. 16.15m @ 7.7g/t Au from 473.55m. Dacian Gold Ltd (Dacian Gold or the Company) (ASX: DCN) is pleased to | |
| Resources: | (Reserve, P+P): 26.737Mt @ 1.6g/t Au for 1.389Moz Au 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 outstanding new drilling results which highlight the potential for significant growth in the Mineral Resource and Ore Reserve at its 100%-owned Mount Morgans Gold Operation (MMGO) near Laverton in Western Australia. The results, which come from Westralia, Cameron Well and the new Basin Margin Prospect, demonstrate the continuity of high-grade mineralisation outside Ore Reserves and Mineral Resource at both Westralia and Cameron Well and reveal the strong potential of the new Basin Margin Prospect. Dacian Gold Executive Chairman Rohan Williams said the results reflected the early success of the accelerated exploration program launched last year and provided more strong evidence that it was on track to establish a +10-year mine life at Mt Morgans at a production rate of 200,000 ounces a year. “The results include outstanding intersections from several areas at Mt Morgans, all within 15km of the processing plant, and highlight the huge scope for organic growth,” he said. “At Westralia, the high-grade results from ongoing drilling outside the planned mining areas continue to point to further increases in Mineral Resources. Recent drilling also continues to support the potential for a fourth decline between Beresford North and Allanson, which may provide additional near-term high-grade mining opportunities.” | |
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