- Dacian Gold (DCN) has identified a strongly mineralised trend along strike from the Mt Marven open pit in Western Australia
- 44 reverse circulation (RC) holes were drilled to test the prospectivity of the Mt Marven Shear Zone (MMSZ) and test open pit potential in the vicinity of the existing ore reserve
- This work has highlighted a strong mineralised trend, which runs 800 metres
- Dacian will now begin drilling to assess the continuity of the trend and investigate the presence of any potential parallel lodes to the existing Mt Marven open pit
- Additionally, the company is aiming to work towards an updated mineral resource estimate
- Dacian is up 5.13 per cent in early morning trade, with shares trading for 41 cents
Dacian Gold (DCN) has identified a strongly mineralised trend along strike from the Mt Marven open pit.
Mt Marven is part of the 608 square kilometre Mt Morgans Gold Operation which lies near Laverton in Western Australia.
The company completed its first full-year of production in FY19, producing 138,911 ounces of gold from both open pit and underground operations.
44 reverse circulation (RC) holes were drilled to test the prospectivity of the Mt Marven Shear Zone (MMSZ) and test open pit potential in the vicinity of the existing ore reserve.
This work has highlighted a strong mineralised trend coinciding with the strike length of the MMSZ.
Best results include three metres at 21.79g/t gold from 27 metres, three metres at 6.42g/t gold from one metre, and two metres at 5.97g/t gold from 58 metres.
This new trend currently spans 800 metres and remains open at depth and along strike.
Dacian will now begin drilling to assess the continuity of the trend to an initial depth of 120 metres and investigate the presence of any potential parallel lodes to the existing Mt Marven open pit.
Additionally, the company is aiming to work towards an updated mineral resource estimate.
Dacian is up 5.13 per cent in early morning trade, with shares trading for 41 cents at 10:33 am AEDT.