THE DRILL SERGEANT: Dacian Gold (ASX: DCN) announced that all six of the first‐ ever reconnaissance diamond drill holes to be completed at the Cameron Well prospect have intersected bedrock gold mineralisation.
Dacian Gold said the drilling at Cameron Well, located within the company’s 100 per cent‐owned Mt Morgans gold project in Western Australia, included – what it described as – “a spectacular intercept” of:
2.3 metres at 311.3 grams per tonne gold.
Dacian is confident the Cameron Well prospect is emerging as a potential game‐ changer for the company.
“The fact that all six of our initial diamond holes drilled into the first bedrock target have intersected gold mineralisation is a fantastic result so early into our exploration campaign,” Dacian Gold executive chairman Rohan Williams said in the company’s announcement to the Australian Securities Exchange.
“As we develop a clearer understanding of the orientation and geometry of the structures, we will be able target our drilling appropriately.
“However, the early signs are very encouraging and suggest that Cameron Well has excellent potential to become the third major gold system at Mt Morgans.
“RC infill drilling is already underway along the 1.5 kilometre long mineralised structure and further diamond drilling is planned to test the other three bedrock targets within the syenite complex.
With the initial six diamond drill holes into the Cameron Well Syenite Complex confirming the shallow north‐west dip of the mineralised, 1.5km long NE‐SW structure, Dacian Gold has commenced an initial RC in‐fill drilling program testing the length of the structure.
The initial program of 18 RC drill holes will test the prospectivity of the structure to a vertical depth of 150m along a one kilometre strike.