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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Westralia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-6-2019: Dacian Gold Ltd. announces an Exploration/Drilling Update report for its Westralia deposit at the Mt Morgans project. Drilling results incl. 1.7m @ 127.0g/t Au from 297.25m. 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 the discovery of a significant new zone of high-grade gold mineralisation immediately north of the Westralia Deposit at its 100%-owned Mt Morgans Gold Operation located near Laverton in Western Australia. The new drilling results have outlined significant high-grade BIF mineralisation in a previously unknown BIF unit below the historic Morgans North open pit, located north of the Westralia Mine. The newly discovered mineralisation is currently defined over an area measuring approximately 500m x 250m, with the last drill section returning some of the most continuously thick, high-grade mineralisation seen at Westralia. Significantly, this new drilling, when combined with recent previously reported high grade intersections north of the Allanson Ore Reserve, means high grade mineralisation has now been defined for 750m north of the Westralia Ore Reserve, and it continues to remain open to the north. The results continue to confirm the potential for significant Mineral Resource growth at Westralia. Dacian Gold Executive Chairman Rohan Williams said: “This is a significant discovery which supports our strategy of bringing forward asset value through accelerating exploration activity at Mt Morgans. “The strong potential of this discovery is demonstrated by the excellent grades, thickness and continuity of the mineralisation, together with its relatively shallow location just north of the existing Westralia Mine Area and infrastructure, and below an historic open pit. “Importantly, the best results have been returned on the northernmost section with the mineralisation remaining completely open to the north along the known north-trending high-grade zones seen throughout the mine. “The combination of these results and their location immediately below and along strike from an historic open pit shows there is excellent potential for new, additional production opportunities. “The fact that we have discovered a significant zone of high-grade mineralisation in a previously untested area over 750m north of the Allanson Ore Reserve strengthens our confidence in the longterm growth potential at Mt Morgans and highlights the outstanding discovery potential across the Mt Morgans gold field.” | |
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