Dacian claims new Westralia gold discovery

THE DRILL SERGEANT: Dacian Gold (ASX: DCN) has claimed discovery of a mineralised footwall Banded Iron Formation (BIF) unit at the Westralia prospect within the company’s 100 per cent-owned Mt Morgans gold project, located west of Laverton in Western Australia.

The new mineralised footwall BIF unit is situated 500 metres north of, and along strike to, the existing 850,000 ounce, 5.8 ggrams per tonne gold BIF-hosted Westralia Mineral Resource.

Dacian explained the new discovery lies between the Westralia and Morgans North open pits, from where an infill drilling program returned results including:

15MMRD018
2.7 metres at 15.3g/t gold from 247.7m;

1.8m at 23.4g/t gold from 261.1m; and

15MMRD020
1.6m at 6.5g/t gold from 437.75m.

Dacian claims to have identified the mineralised footwall BIF over a 700m strike and 400m dip extent to depths between 200m and 600m below the surface.

It currently remains untested near-surface, however the company indicated its intentions for it to be drilled during the second half of the year.

The discovery follows previously reported results from the same mineralised footwall BIF unit, which include:

13MMRD016
5.3m at 12.2g/t gold and 4.1m at 9.9g/t gold;

14MMRD024
2m at 18g/t gold; and

14MMRD026W1
4.2m at 6.8g/t gold.

Dacian said it would be carrying out an updated Westralia Mineral Resource that will include the new discovery in early August.

“Dacian is highly encouraged that it has discovered a new, large and well-mineralised BIF unit north of the existing high-grade 850,000 ounce Westralia Mineral Resource,” the company said in its ASX announcement.

“The company is currently updating the Westralia Mineral Resource and plans to include the new discovery in that estimate.

“Release of the new Westralia Mineral Resource will be in early August.

“Infill drilling the new mineralised footwall BIF unit will be a priority once the Mineral Resource update has been completed.”

Website: www.daciangold.com.au