Dacian Gold confirms Jupiter mineralisation
THE DRILL SERGEANT: Dacian Gold (ASX: DCN) has completed drilling five broadly spaced reconnaissance diamond drill holes at the company’s Mt Morgans gold project, located west of Laverton in the north-eastern goldfields of Western Australia.
The drilling, which was carried out on the Jupiter prospect, returned thick intervals of low-grade gold mineralisation the company considers to be indicative of a gold system over a strike length in excess of two kilometres.
Results from the drilling include:
120 metres at 0.4 grams per tonne gold;
71.1m at 0.5g/t gold;
45m at 0.4g/t and 87.5m at 0.4g/t gold;
27m at 0.5g/t and 30.5m at 0.4g/t gold; and
13.6m at 1.4g/t gold.
Jupiter plan showing Dacian drill holes, historic intersections and planned holes. Source: Company announcement
Dacian said the drilling, which was carried out in the southern part of the prospect, had confirmed extensive mineralisation occurs within large syenite pipes as well as within structures in the surrounding basalt.
“We are very encouraged by the results from this initial framework drilling which confirms our view that a major gold system exists at Jupiter,” Dacian Gold managing director Paul Payne said in the company’s announcement to the Australian Securities Exchange.
“We will continue to scope out the full two kilometre extent of the Jupiter corridor to define the structural controls on the system which we expect will then allow us to target higher grade positions with further drilling.”