| Announcement Date: | 2022-10-10 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Dacian Gold Ltd. |
| Project name: | Mt Morgans |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 111.65m at 1.2g/t Au from 405.2m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | These mineral resource definition and exploration results continue to build confidence in the continuity and extent of mineralisation beyond the previously designed mineable Doublejay and Saddle open pits, and in the defined Jupiter Exploration Target1 , and underpin the strategy to investigate a larger, bulk open pit mining opportunity under a leaner operating model. Dacian Gold Limited (Dacian or the Company) (ASX: DCN) is pleased to report the latest intersections below the Jupiter mining complex in its Phase 2 drilling activities at the Jupiter extension program. The completion of the Phase 1 program and a substantial component of the Phase 2 drilling results confirm the potential for significant extension of mineralisation associated with the syenite intrusive system at the Mt Morgans Gold Operation. These strong mineral resource definition and extension drilling results at Jupiter continue to support the potential for increased scale of future operations at Mt Morgans. The opportunity to include an RC program from the base of the Doublejay open pit has allowed drilling to define continuity of mineralisation from the base of the open pit through to the Jupiter Exploration Target. |
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