Perth, Australia (ABN Newswire) -
Dacian Gold Ltd. ("Dacian" or "the Company") (ASX:DCN) is pleased to announce that it has commenced its high impact drilling program infilling several high grade intersections located up to 1,200m north of the 850,000 ounce Mineral Resource at Westralia.
As previously announced to the market (see ASX releases dated 24 February 2015 and 15 October 2014), Dacian drill-tested an area north of Westralia that had not previously been explored. The Company was testing a geological concept that the Westralia mineralised gold system was significantly larger than previously considered. Five wide spaced intersections, listed below in Table 1 and shown diagrammatically in Figure 1, confirmed excellent grade and widths of mineralised Banded Iron Formation (BIF) was present immediately along strike of the 850,000 ounce Westralia deposit.
Hole id Intersection Distance from 850Koz
resource boundary
14MMRD024 2.0m @ 18 g/t 600m
14MMRD024 3.3m @ 2.9 g/t 600m
14MMRD025 2.0m @ 8.6 g/t 600m
14MMRD026W1 4.2m @ 6.8 g/t 900m
14MMRD027 3.9m @ 3.0 g/t 1,200m
Table 1: Results from wide-spaced diamond drilling completed in October 2014 that lie outside the 850,000oz Westralia Mineral Resource boundary.
Dacian's high impact drilling program comprises 8 diamond drill holes for a total of 4,000m. The drilling is being conducted with two diamond drilling rigs working double shift. It is anticipated the drilling will be completed by the end of June.
To view figures and tables, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DCN-721630.pdf
About Dacian Gold Limited:
Dacian Gold Ltd. (ASX:DCN) is a well-funded, Western Australian focused gold exploration and development company, headquartered in Perth. In November 2012, the company raised $20 million in its IPO to explore its 100% owned Mt Morgans gold project, located in the Laverton District of Western Australia's North Eastern Goldfields.
Contact:
Rohan Williams, Executive Chairman
Dacian Gold Ltd.
T: +61-8-9226-4622
E: rohan.williams@daciangold.com.au
