Dacian Gold Limited Quarterly Activities Report and Appendix 5B
27.10.2014 | ABN Newswire
Perth, Australia (ABN Newswire) - Dacian Gold Ltd. (ASX:DCN) provide the Quarterly Activities Report for period ending September 2014 with the following highlights:Wide-spaced diamond drilling confirms high grade mineralisation at Westralia is at least 3kmlong and is open at depth. It is significantly larger than previously recognised. Better results
include:
- 2m @ 18.0 g/t gold
- 2m @ 8.6 g/t gold
- 1.8m @ 7.9 g/t gold
- 4.2m @ 6.8 g/t gold
- 4.8m @ 3.5 g/t gold
- 3.9m @ 3.0 g/t gold
Westralia framework drill hole 14MMRD022 intersected 13.9m @ 3.7 g/t gold on the RamornieStructure, 175m below the previous deepest drilling at Ramornie.
Drill results continue to confirm excellent continuity of high grade mineralisation overgood thickness is present on the Cornwall Shear Zone at Jupiter. Better results include:
- 3m @ 9.5 g/t gold
- 6m @ 3.9 g/t gold
- 16m @ 2.0 g/t gold
- 8m @ 1.8 g/t gold
- 11m @ 1.3 g/t gold
- 16m @ 1.0 g/t gold
- 9m @ 4.3 g/t gold
- 4m @ 4.6 g/t gold
- 6m @ 3.1 g/t gold
- 7m @ 2.9 g/t gold
- 11m @ 2.0 g/t gold
o 11m @ 1.8 g/t gold
Corporate
The company remains well funded with $9.4 million in cash as at 30 September 2014.
James Howard commenced work as Dacian's Project Manager during the quarter.
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DCN-696678.pdf
About Dacian Gold Limited:
Dacian Gold Ltd. (ASX:DCN) 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
T: +61-8-9226-4622
E: rohan.williams@daciangold.com.au
WWW: www.daciangold.com.au