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Dacian Gold Ltd has bumper results from Mt Morgans in Western Australia

Published: 07:00 25 Jul 2016 BST

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Dacian Gold Ltd (ASX:DCN) has revealed some bumper gold results including 10 metres at 11.6 g/t gold from 5 metres and 1 metre at 128 g/t gold, from drilling away from the 1.5 million ounce Westralia Prospect Mineral Resource.

This is part of the Mt Morgans Gold Project (MMGP) in Western Australia.

The high grade mineralisation was intersected from an in-fill and resource-extension drilling associated with the Morgans North open pit.

A total of 67 RC drill holes for 9,700 metres has found new near surface mineralisation directly above the Morgans underground and the Westralia underground Mineral Resources.

The drilling has demonstrated the scale and potential of the Westralia gold system.

The Mt Morgans Gold Project has a total mineral resource of 45.3 million tonnes at 2.2 g/t for 3.2 million ounces gold.

The new drilling follows the recently completed 90,000 metres resource in-fill and extensional drill program at the Westralia and Jupiter Prospects.

That program established a significant 69% increase in the measured and indicated resources of the Jupiter Prospect from 663,000 ounces to 1.12 million ounces gold.

Numerous high-grade intersections were returned from the Westralia Underground deposit, including 3.3 metres at 84.3 g/t gold from 212.2 metres and 13.2 metres at 14.1 g/t gold from 275 metres.

The Westralia Prospect mineral resource upgrade is due to be released later this month.

The drilling at Morgans North should feed into an upgrade to the Westralia Prospect Mineral Resource later this month.

This will be included into the MMGP Feasibility Study, due for completion in the December quarter of this year.

 

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