- Dacian Gold (DCN) has made updates to its maiden ore reserve estimate for the Hub and GTS deposits at its Redcliffe Gold Project
- The maiden ore reserve for the Hub and GTS open pits now sits at 490,000 tonnes at 3.2 grams of gold per tonne (g/t) for 51,000 ounces
- The total company ore reserves stand at 11.8 megatonnes (Mt) at 1.1g/t for 436,000 ounces, before FY2022 mining depletion
- The company says additional resource expansion and infill drilling activities are in progress across the Redcliffe project to support further potential conversion of resources
- Dacian Gold is up 2.56 per cent, trading at 20 cents
Dacian Gold (DCN) has updated its maiden ore reserve estimate for the Hub and GTS deposits at its Redcliffe Gold Project.
The Redcliffe Gold Project is located in the north-eastern goldfields region of Western Australia.
The maiden ore reserve for the Hub and GTS open pits now sits at 490,000 tonnes at 3.2 grams of gold per tonne (g/t) for 51,000 ounces.
The total company ore reserves now stand at 11.8 megatonnes (Mt) at 1.1g/t for 436,000 ounces, before FY2022 mining depletion.
The ore reserves were estimated using $2,100 per ounce gold price, with total reserves of 490,000 tonnes at 3.2g/t for 51,000 contained ounces. This marks an increase of 13 per cent to the company’s previously reported ore reserve estimate as at June 30, 2021.
The company said additional resource expansion and infill drilling activities are in progress across the Redcliffe project to support further potential conversion of resources.
Dacian Gold will continue to develop the Hub and GTS open pits, with mining planned and on schedule to commence during July 2022.
Dacian Gold was up 2.56 per cent, trading at 20 cents at 2:10 pm AEDT.