Dacian Gold hits high-grades at Jupiter

THE DRILL SERGEANT: Dacian Gold (ASX: DCN) has claimed to have intersected a high-grade lode position with the drilling of three 80 metre-spaced diamond drill holes at the company’s Jupiter prospect.

The Jupiter prospect is part of the company’s 100 per cent-owned Mt Morgans gold project, located in the Laverton District of Western Australia’s North Eastern Goldfields.

Dacian has interpreted the intersections to lie within a high-grade lode structure that cuts both the syenite intrusive and the adjacent host basalt.

The mineralisation remains open in all directions.

The new mineralisation has been identified 1000 metres south of the existing 73,000 ounce Mineral Resource and the Jupiter pit where similar style lode structures were mined in the 1990s.

The new results include:

–    6.9 metres at 8.3 grams per tonne gold from 154.1 metres within 26 metres at 3 grams per tonne gold;

–    6.1m at 4.8g/t gold from 166.9m within 16.8m at 2.1g/t gold; and

–     1.25m at 6.1g/t gold from 122.7m within 3.2m at 2.62g/t. (This intersection was previously reported within an interval of 30.49m at 0.4g/t gold.).

 

Jupiter plan showing high-grade Dacian drill hole results in red
type, historic intersections and planned holes. Source: Company
announcement

 

Dacian said the new intersections support its exploration model of targeting the two kilometre long Jupiter Corridor for flat to moderately dipping high-grade structures lying within the syenite intrusives.

The company also consider the results to have confirmed all rock types within the Corridor are prospective for high-grade mineralisation.

“These important results confirm our view that the two kilometre long Jupiter Corridor has the potential to develop high grade lodes within a range of rock types similar to the lodes currently being mined at the nearby seven million ounce Wallaby deposit,” Dacian Gold managing director Paul Payne said in the company’s announcement to the Australian Securities Exchange.

“We have commenced follow-up drilling to determine the potential size of the high-grade mineralisation at this location as well as continuing the framework drilling along the length of the corridor.”

Dacian is of the opinion these latest drilling results demonstrate high-grade lodes can develop along the length of the Jupiter Corridor, and like the nearby Wallaby deposit, the lodes can develop in the mafic country rock surrounding the mineralised syenites.

Email:
info@daciangold.com.au

Website:
www.daciangold.com.au