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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Phoenix Ridge | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-10-2019: Dacian Gold Ltd. announces a Resource Estimation report for its Phoenix Ridge deposit at the Mt Morgans project. Initial resource for the Phoenix Ridge deposit. Dacian Gold Ltd (Dacian Gold or the Company) (ASX: DCN) is pleased to report a maid | |
| Resources: | (Resource, Inf.): 0.481Mt @ 8.1g/t Au fro 125Koz Au contained at Phoenix Ridge | |
| CP/QP: | [Resources]: Shaun Searle (Ashmore Advisory Pty Ltd.) | |
| ABSTRACT: | Dacian Gold Ltd (Dacian Gold or the Company) (ASX: DCN) is pleased to report a maiden Mineral Resource for its newly discovered Phoenix Ridge Deposit (formerly referred to as the new discovery north of the Morgans North open pit – see ASX releases 20 June 2019 and 5 August 2019) at its Mt Morgans Gold Operation (MMGO), located near Laverton in Western Australia. Dacian Gold Executive Chairman, Mr Rohan Williams, said: “After making this shallow discovery earlier this year, we have moved quickly to deliver what is a very strong maiden Resource for Phoenix Ridge, particularly given its impressive grade of more than 8g/t. “Given its proximity to the Mt Morgans treatment plant, grade and location close to surface, we will commence infill-drilling as soon as possible with the aim of defining a new high-grade additional production source for Mt Morgans. “We also believe that there is excellent potential to find additional high-grade mineralisation closer to the surface in areas that have not been drilled immediately above the new Resource, plus longer term potential to find extensions and repeats down-plunge within an emerging high-grade trend.” | |
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