- Dacian Gold (DCN) has extended the mineralisation at the Jupiter mining complex, located within the Mt Morgans Gold operation in Laverton, Western Australia
- An extensional program was undertaken with diamond drilling testing for mineralisation and structural orientation below the Heffernans open pit
- The deepest hole drilled to date returned grades of up to 9.6 grams per gold tonne and extends the mineralisation to 500 metres below the base of the open pit
- Four further diamond drill holes were completed at Heffernans and Doublejay, with assays pending and follow up holes planned
- DCN shares have been trading 3 per cent higher at 17 cents
Dacian Gold (DCN) has intersected broad mineralisation at the Jupiter mining complex located within the Mt Morgans Gold operation in Laverton, Western Australia.
An extensional program was undertaken with diamond drilling designed to test for mineralisation and structural orientation below the Heffernans open pit.
Results have returned broad mineralisation in the Jupiter syenite intrusive system, 500 metres below the base of the Heffernans open pit.
According to the company, the deepest drill hole to date intercepted 215.2 metres at 0.9 grams per gold tonne (g/t) from 598 metres, including 27.5 metres at 1.7 g/t gold from 605.8 metres and 4.1 metres at 9.6g/t gold from 807 metres.
Dacian Managing Director Leigh Junk said this was a very significant intersection.
“We are extremely encouraged by the continued success of this extension program and what it could mean for the future of the Jupiter mining complex with drilling also underway at the Doublejay and Ganymede syenite pipes,” he said.
Four further diamond drill holes were completed at Heffernans and Doublejay, with assays
pending. Moving forward, the company has planned additional follow up holes.
Dacian’s recent work at Jupiter has been supported by a recent $20 million capital raise.
Company shares were trading 3 per cent higher at 17 cents at 1:26pm AEDT.