Dacian Gold (ASX:DCN) reports it has confirmed the potential for mineralisation of significant width and scale associated with the syenite intrusive system at the Mt Morgans Gold Operation.
The company notes that the latest intersections below the Jupiter mining complex were identified from phase two drilling at the Jupiter extension program in Western Australia.
Addressing the results, Dacian CEO Dale Richards commented: “These latest exploration results show consistent and broad mineralisation intercepts which further support the scale of the opportunity at the Jupiter syenite system and provide important geological data in an area of the system with limited previous drilling.
“These latest exploration results show consistent and broad mineralisation intercepts which further support the scale of the opportunity at the Jupiter syenite system”
The current Jupiter extension drilling program is planned to systematically delineate the extent of mineralisation within the Jupiter system to a depth of 400m below surface during H1FY23.”
Significant recent intersections include:
Drillhole 22JUDD0838
- 41.4m @ 1.1g/t from 361m
Drillhole 22JUDD0834
- 29.2m @ 1.6g/t from 346.25m
Drillhole 22JUDD0839
- 37.5m @ 0.9g/t from 461m including, 15.7m @ 1.3 g/t from 482.85m
Phase two drilling of the Jupiter extension program is continuing and is designed to test the Jupiter exploration target across the full strike extent of the Jupiter syenite system, to a depth of 400m below surface, before resource estimation and engineering studies commence.
After completion of this exploration program, Mineral Resource Estimation and subsequent mining studies under a leaner operating model will be conducted.
Images: Dacian Gold Ltd
