Dacian Gold Limited (ASX:DCN) High Impact Drilling Program Commences at Westralia

Dacian Gold Ltd ("Dacian" or "the Company") (ASX:DCN) is pleased to announce that it has commenced its high impact drilling program infilling several high grade intersections located up to 1,200m north of the 850,000 ounce Mineral Resource at Westralia.

As previously announced to the market (see ASX releases dated 24 February 2015 and 15 October 2014), Dacian drill-tested an area north of Westralia that had not previously been explored. The Company was testing a geological concept that the Westralia mineralised gold system was significantly larger than previously considered. Five wide spaced intersections, listed below in Table 1 and shown diagrammatically in Figure 1, confirmed excellent grade and widths of mineralised Banded Iron Formation (BIF) was present immediately along strike of the 850,000 ounce Westralia deposit.

Hole id     Intersection  Distance from 850Koz 
                          resource boundary

14MMRD024   2.0m @  18 g/t   600m
14MMRD024   3.3m @ 2.9 g/t   600m
14MMRD025   2.0m @ 8.6 g/t   600m
14MMRD026W1 4.2m @ 6.8 g/t   900m
14MMRD027   3.9m @ 3.0 g/t  1,200m

Table 1: Results from wide-spaced diamond drilling completed in October 2014 that lie outside the 850,000oz Westralia Mineral Resource boundary.

Dacian's high impact drilling program comprises 8 diamond drill holes for a total of 4,000m. The drilling is being conducted with two diamond drilling rigs working double shift. It is anticipated the drilling will be completed by the end of June.

To view figures and tables, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DCN-721630.pdf


About Dacian Gold Ltd

Dacian Gold Limited (ASX:DCN) is a gold exploration and development company. The Company's principal activities include mineral exploration and development activities at its Mt Morgans Gold Project (MMGP) in Western Australia. MMGP is located over 20 kilometers west of Laverton, being approximately 850 kilometers northeast of Perth in Western Australia. The project area is a 520 square kilometer contiguous tenement package comprising granted mining licenses. MMGP includes various deposits, such as Westralia Deposit, Allanson Deposit, Beresford Deposit and Jupiter Deposit. The Jupiter Deposit occurs in the eastern half of the MMGP, being over 20 kilometers east-south-east of the Westralia Deposit. The Beresford mineralization is located at the south end of the Westralia ore system. The Cameron Well Prospect is located over five kilometers east of Westralia. The Callisto Prospect lies over six kilometers south of the Jupiter Deposit and over seven kilometers west of the Wallaby gold deposit.

 

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