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- Dacian Gold (DCN) announces “encouraging” results from drilling at the Piccolo Star prospect in WA
- Results include 2.1 g/t gold over 12 metres, 6.7 g/t gold over four metres as well as a higher-grade results of 17 g/t gold over one metre
- Dacian says the results are encouraging as they demonstrate the broader Cameron Well project’s potential as a substantial gold mineralised system
- DCN’s shares are trading steady at 21.5 cents
Dacian Gold (DCN) has reported strong results from reverse circulation (RC) drilling at the Piccolo Star prospect.
Piccolo Star lies within the Cameron Well project, which is part of the broader Mt Morgans gold operation in Western Australia.
The RC drilling program is focused on the northwest-trending Piccolo Star structure which is interpreted as a splay off the regional north-northwest striking Mt Marven shear zone. The company believes this is a compelling target for gold mineralisation which the drilling results have demonstrated.
Latest and best results include five metres at 6.3 grams per tonne (g/t) of gold from 81 metres, four metres at 6.7 g/t gold from 108 metres, 12 metres at 2.1 g/t gold from 59 metres, one metre at 17 g/t gold from 214 metres, and five metres at 5.2 g/t gold from 84 metres.
Managing Director Leigh Junk commented on the results.
“We are encouraged by these good results over an extensive strike length that demonstrate Cameron Well’s potential to host deposits of significant size,” Managing Director Leigh Junk said.
“The updated regional structural interpretation across Mt Morgans is adding to our understanding of the substantial Cameron Well mineral system, with increasing confidence of unlocking the potential of the project.”
Mineralisation at Piccolo Star remains open along strike and at depth and further drilling is planned.
DCN’s shares were trading steady at 21.5 cents at 12:25 pm AEDT.
