Dacian Gold Limited Quarterly Activities Report and Appendix 5B
11.04.2014 | ABN Newswire
Perth, Australia (ABN Newswire) - Dacian Gold Ltd. (ASX:DCN) provide the Quarterly Activities Report to the period ending March 31, 2014. Four new, previously unreported, high grade gold intersections from up to 150m outside the current 610,000 ounce Mineral Resource at Westralia include:- 2.0m @ 66.1 g/t Au from 147m
- 10.0m @ 11.3 g/t Au from 125m
- 5.6m @ 3.8 g/t Au from 365m
- 1.1m @ 10.6 g/t Au from 550m
High grade gold mineralisation has been intersected over a vertical distance of approximately 500m in five broadly spaced holes on section 10160N on Millionaires Shoot at Westralia, and remains open at depth.
New, previously unreported, intersections at Heffernan's Zone and the Link Zone at Jupiter confirm near surface gold mineralisation, and include:
- 6.0m @ 2.9 g/t Au from 0m
- 13.0m @ 3.1 g/t Au from 78m
- 6.0m @ 2.5 g/t Au from 56m
- 58.0m @ 1.0 g/t Au from 115m
CORPORATE
- The company remains well funded with $12.2M in cash as at 31 March 2014.
- Rohan Williams was appointed to the role of Executive Chairman following the departure of Paul Payne.
EXPLORATION
March Quarter Overview
Exploration work completed in the March Quarter within Dacian's 100% owned Mt Morgans Project included the drilling of eight diamond drill holes for 2,758m at the Westralia prospect; and 10 RC holes for 1,509m of drilling at the Jupiter prospect. Prospect locations are shown in Figure 1 in link below.
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DCN-673813.pdf
About Dacian Gold Limited:
Dacian Gold Ltd. is a well-funded, Western Australian focused gold exploration and development company, headquartered in Perth. In November 2012, the company raised $20 million in its IPO to explore its 100% owned Mt Morgans gold project, located in the Laverton District of Western Australia's North Eastern Goldfields.
Contact:
Dacian Gold Ltd.
Rohan Williams, Executive Chairman
TEL: +61-8-9226-4622
rohan.williams@daciangold.com.au
www.daciangold.com.au