Dacian Gold (ASX:DCN) - Managing Director, Leigh Junk
Managing Director, Leigh Junk
Source: Business News
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Dacian Gold (DCN) has completed an airborne geophysical survey to identify base load targets across its untested southern tenement package in Laverton, Western Australia
  • A review of Dacian’s existing geophysical data sets revealed a gap in detailed, high-quality aeromagnetic data coverage over the untested southern tenements atop Lake Carey
  • Dacian has been applying the mineral systems approach to base load target selection, using a variety of exploration techniques
  • Drilling of previously untested base load targets is set to begin later this year
  • Dacian Gold shares are up 5 per cent, trading at 36.8 cent

Dacian Gold (DCN) has completed its airborne geophysical survey to identify base load targets across its untested southern tenement package in Laverton, Western Australia.

Dacian’s Mt Morgans tenements total 608 kilometres squared. The region hosts major gold deposits including Wallaby, Sunrise Dam and Granny Smith.

A review of Dacian’s existing geophysical data sets revealed a gap in detailed, high-quality aeromagnetic data coverage over the untested southern tenements covering Lake Carey.

Dacian has been applying the mineral systems approach to base load target selection, using a variety of exploration techniques including aeromagnetic geophysical surveys, ultrafine soil surveys and geochronological age dating.

During March, an airborne magnetic and radiometric survey covering 4252-line kilometres was flown at 50-metre line spacings. This new data covering 178 kilometres squared will inform the identification and ranking of new base load targets for Dacian to add to its pipeline of exploration targets being advanced through to drill testing.

“We have been busy laying the groundwork for our growth platform across the Laverton operations with the acquisition of the Redcliffe project bolstering our business,” said managing Director, Leigh Junk.

“Another component of this platform has been our multi-pronged exploration strategy to unlock potential base load opportunities across our large Mt Morgans tenement position, specifically, our previously untested southern tenement package”.

“Our recent endeavours have been focused on advancing these potential opportunities through the pipeline and we are excited to begin drill testing these targets on the path towards new discoveries.”

Drilling of previously untested base load targets is set to begin later this year.

Dacian Gold shares are up 5 per cent, trading at 36.8 cent at 12:00 pm AEST.

DCN by the numbers
More From The Market Herald
The Market Herald Video

" Askari Metals (ASX:AS2) acquires Barrow Creek Lithium project after raising $2.6m

Askari Metals (ASX:AS2) has acquired the Northern Territory Barrow Creek Lithium project after completing a $2.6…
Agrimin (ASX:AMN) - CEO, Mark Savich

" Agrimin (ASX:AMN) announces $7m cap raise

Following a trading halt earlier in the week, fertiliser development company Agrimin (ASX:AMN) has announced plans…

" Firefinch (ASX:FFX) shares slip on latest Morila mine quarterly numbers

Gold miner Firefinch (ASX:FFX) has slipped in early trading action following the release of its latest…

" Golden Rim Resources (ASX:GMR) hits further oxide gold at Kada

Golden Rim Resources (ASX:GMR) hits further gold following its second round of resource definition drilling at…