Dacian confirms larger gold system at Westralia

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THE DRILL SERGEANT: Dacian Gold (ASX: DCN) has received results from a widely-spaced reconnaissance diamond drill program at the company’s Mt Morgans gold project, located in the Laverton District of Western Australia’s North Eastern Goldfields.

The drilling was designed to test for Banded Iron Formation (BIF) hosted gold mineralisation along strike of, and below, the mineralisation at the Westralia and Morgans North gold deposits, has returned several significant intersections.

A total of 14 diamond drill holes were drilled to a depth of between 140 to 680 metres below surface testing a three kilometre strike of BIF.

Dacian said this drilling confirmed the mineralised BIF horizon at Westralia is much larger than previously recognised.

Six of 14 widely-spaced reconnaissance diamond drill holes returned impressive significant intersections, including:

14MMRD024
2 metres at 18 grams per tonne gold – intersected 250m north of Westralia underground workings;

14MMRD025
2m at 8.6g/t gold – intersected 350m below the Westralia underground workings;

14MMRD022
1.8m at 7.9g/t gold – intersected 500m below the Westralia underground workings;

14MMRD026W1
4.2m at 6.8g/t gold – intersected 650m north of the Westralia underground workings and 600m south of the Morgans North pit;

14MMRD021
4.8m at 3.5 g/t gold – intersected 500m below the Westralia underground workings; and

14MMRD027
3.9m at 3g/t gold – intersected 200m south of Morgans North and 900m north of the Westralia underground workings.

Four of five holes testing the shallow-drilled 800m ‘gap’ between the Westralia and Morgans North mines also intersected noteworthy mineralisation.

 

Location of the planned reconnaissance diamond drill holes testing a 3km
strike of the Westralia BIF. Note the location of the ‘Interpreted
Flattening Zone’. Source: Company announcement

 

“The purpose of the drilling program as planned by Dacian’s geologists was to test the possibility that the Westralia and Morgans North ore positions belong to a larger ore system, and that the ‘Interpreted Flattening Zone’ may be an internal fault offset giving the appearance that Westralia and Morgans North are two separate ore bodies,” Dacian Gold said in its ASX announcement.

“Dacian is of the belief that if the results of the drill program were to show that mineralisation existed away from Westralia and toward Morgans North, then it may be possible both deposits belong to a larger, more extensive ore system.

“The results of this drill program support this new interpretation.”

Website: www.daciangold.com.au