Announcement Date: 2022-04-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Dacian Gold Ltd.
Project name: Mt Morgans
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 202.2m @ 1.2g/t Au from 799.0m
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 report the latest intersection below the Jupiter mining complex as the Company also outlines its next phase of drilling activities at the Jupiter expansion program. The initial program has confirmed mineralisation of significant width and scale associated with the syenite intrusive system emplaced over a 2km strike extent, at the Mt Morgans Gold Operation. Managing Director, Leigh Junk commented: “Our team have delivered on the plan to delineate mineralisation of significant width below the Jupiter open pits. This has provided us the geological confidence that our syenite intrusive systems have the potential to host deposits of considerable scale and will be followed through with an aggressive drilling and development plan within ~400m of surface. The Jupiter expansion project has the potential to drive an expanded large-scale operation adjacent to our processing plant that secures the long-life future of Mt Morgans.” The results from the second drill hole below Doublejay confirms broad zones of mineralisation within the syenite and at the contact with the basalt. The result follows the earlier successful drilling from the Jupiter expansion program at Ganymede, Heffernans and Doublejay (see ASX announcements 25 October 2021, 21 December 2021, 18 January 2022 and 7 March 2022).
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