Dacian Gold (ASX: DCN) has intersected ‘significant’ gold mineralisation below the Heffernans and Ganymede open pits at the Jupiter Mining Complex within its Mt Morgans Gold Operation in Western Australia.
The company reports that mineralisation was intersected at depth in the Jupiter syenite intrusive system, at the limit of and below the Mineral Resource Estimate, demonstrating the grade and size potential below the open pits.
“The Jupiter complex represents a compelling exploration target, and the potential to extend our current operations located adjacent to our processing plant is extremely exciting”
Significant hits from drilling beneath the Heffernans open pit include 102.9m @ 1.4g/t from 436.3m, including 14.7m @ 7.2 g/t from 468.0m in Hole 21JUDD0811W1.
Standout intersections from Ganymede include 44.5m @ 1.1g/t from 247.1m, including 18.3m @ 1.4g/t Au from 247.1m, and 22.2m @ 1.0g/t Au from 269.5m in Hole 21JUDD0810.
The company noted that at both Heffernans and Ganymede, multiple wide intersections point to bulk stockwork mineralisation at the syenite basalt contact, and within the syenite.
Speaking on the results, Dacian Gold Managing Director Leigh Junk said: “These results demonstrate extensions to mineralisation below our active mining areas which can have high-grade and significant width. The Jupiter complex represents a compelling exploration target, and the potential to extend our current operations located adjacent to our processing plant is extremely exciting. This success follows a disciplined, systematic approach by our exploration team.”
The Jupiter syenite intrusive complex spans a north-south extent of approximately 2km with variable width ranging between 50m to 300m. The current Mineral Resource for the Jupiter mining area totals 14.6Mt @ 1.3g/t for 599,000oz Au.
Dacian reports that its exploration program at the Jupiter open pits (Heffernans, Doublejay, Ganymede) is continuing with the first four holes now completed into Heffernans and Ganymede, and the drilling of an additional seven holes at Heffernans currently underway.
Images: Dacian Gold Limited