Dacian Gold encounters more Jupiter gold

THE DRILL SERGEANT: Dacian Gold (ASX: DCN) has continued its run with the drill bit at the Jupiter prospect, located on the company’s 100 per cent-owned Mt Morgans gold project in the Laverton District of Western Australia’s North Eastern Goldfields.

The latest drilling conducted by the company at Jupiter has intersected a further high-grade result, which Dacian said has extended a recently discovered high-grade lode position.

Hole 13JUDD018 intersected:

17.2 metres at 4.8 grams per tonne gold from 160 metres (mainlode), including 3.3m at 17.1g/t gold from 169.7m and 3.7m at 5.8g/t gold from 147m (hangingwall lode).

 

Section with drill holes 13JUDD018 & 13JURD007 and interpreted
moderately dipping, high grade lode. Source: Company announcement

 

The mineralisation is located approximately 50m west of a recently reported high-grade result returned in 13JURD007 and has been interpreted by Dacian to correlate with the lode structure intersected in three previously reported Dacian holes which include:

13JUDD007:
6.9m at 8.3g/t gold from 154.1m within 26m at 3g/t gold;

13JURD006:
6.1m at 4.8g/t gold from 166.9m within 16.8m at 2.1g/t gold; and

13JURD002:
1.25m at 6.1g/t gold from 122.7m within 3.2m at 2.62g/t gold.

Dacian explained that all high-grade intersections it has encountered to date lie within a single moderately north-east dipping lode structure that cuts both the syenite intrusive and the adjacent host basalt.

The latest mineralisation intersection is located 1000m south of the existing 73,000 ounce Mineral Resource and the Jupiter pit where similar style lode structures were mined in the 1990s.

“All four holes drilled into this lode position have encountered high-grade gold and the structure remains open in all directions,” Dacian Gold managing director Paul Payne said in the company’s announcement to the Australian Securities Exchange.

“We are encouraged that the new mineralisation bears similarities with the Jupiter mine, located one kilometre north; as well as that seen in the world-class Wallaby mine located seven kilometres to the south-east.

“We are focused on defining the dimensions of this new lode and are continuing to explore for further high-grade gold mineralisation at the prospect.”

Email:
info@daciangold.com.au

Website:
www.daciangold.com.au