Announcement Date: 2021-12-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Dacian Gold Ltd.
Project name: Mt Morgans
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 215.2m @ 0.9g/t Au from 598.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Dacian Gold Limited (Dacian or the Company) (ASX: DCN) is pleased to announce an update of its Jupiter mining complex extension program with a further significant drill result below the Heffernans open pit, located at its Mt Morgans Gold Operation (MMGO). The result has intersected broad mineralisation in the Jupiter syenite intrusive system 500m below the base of the Heffernans open pit that points to the potential scale of the opportunity. Managing Director, Leigh Junk commented: “This very significant intersection, is the deepest hole ever completed at Heffernans and confirms mineralisation continues 500m from the base of the open pit, and remains open. We are extremely encouraged by the continued success of this extension program and what it could mean for the future of the Jupiter mining complex with drilling also underway at the Doublejay and Ganymede syenite pipes.” Diamond drilling designed to test for mineralisation and structural orientation below the Heffernans open pit, intersected wide zones of mineralisation in 21JUDD0813, within the syenite. The result follows the initial drilling from the Heffernans extensional program (see ASX announcement 25 October 2021).
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