Announcement Date: 2022-07-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Dacian Gold Ltd.
Project name: Mt Morgans
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 162.4m @ 1g/t Au from 289.7m
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 intersections below the Jupiter mining complex in its next phase of drilling activities at the Jupiter extension program. The completion of the Phase 1 program and these Phase 2 drilling results confirm the potential for mineralisation of significant width and scale associated with the syenite intrusive system at the Mt Morgans Gold Operation. These results provide additional confidence in the orientation and tenor of mineralisation within the Doublejay Joanne syenite stock, and support improved interpretation of mineralisation continuity within the system. Importantly, these results confirm mineralisation associated with the syenite basalt contact zone. While the current program is designed to test and improve confidence in the mineralisation to a depth of 400m below surface, mineralisation remains open at depth. Following completion of this Phase 2, and subject to continuing positive results, the Company will commence Phase 3 of the Jupiter extension program, comprising mineral resource estimation and order of magnitude studies for potential expansion of large-scale mining operations.
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