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

Subscribe

Be the first with the news that moves the market
  • Dacian Gold (DCN) uncovers a massive 202.6-metre interval of gold mineralisation from drilling below the base of the Doublejay open pit at its Jupiter mining complex in WA
  • The Jupiter mines are located next to the company’s Mt Morgans processing plant
  • The first exploration hole testing beneath the Doublejay pit returns an intersection of 202.6 metres at 1.1 g/t gold from 479 metres
  • Dacian says the drill hit confirms the presence of wide mineralisation across the Jupiter complex syenite pipes emplaced over a strike extent of about two kilometres with mineralisation open at depth
  • DCN shares trading 1.22 per cent lower at 20.3 cents

Dacian Gold (DCN) has uncovered a massive 202.6-metre interval of gold mineralisation from diamond drilling below the base of the Doublejay open pit at its Jupiter gold mining complex in Western Australia.

The Jupiter mines are located next to the company’s Mt Morgans processing plant.

Dacian recently put down the first of three planned deep exploration drill holes aimed at testing for mineralisation beneath the Doublejay open pit.

The first hole returned a stunning intersection of 202.6 metres grading 1.1 grams per tonne gold from 479 metres. It included 34.8 metres at 2.2 g/t from 585 metres, 19.8 metres at 1.6 g/t from 641.3 metres and 20.6 metres at 1.5 g/t from 560.6 metres.

The company said the “outstanding” drill hit extends mineralisation to a depth of about 400 metres below the base of the Doublejay open pit design.

It also points to wide mineralisation across the Jupiter complex syenite pipes emplaced over a strike extent of about two kilometres with mineralisation open at depth, according to Dacian.

Another assay from the diamond hole came in at 2.8 metres at 11.6 g/t from 428.2m.

“The first hole completed below Doublejay as part of our Jupiter expansion program has confirmed the presence of bulk mineralisation within the Doublejay syenite,” Managing Director Leigh Junk said.

DGN shares were down 1.22 per cent at 20.3 cents at 11:35 am AEDT.

DCN by the numbers
More From The Market Herald
Countplus (ASX:CUP) - Incoming CEO, Hugh Humphrey

" Hugh Humphrey appointed CEO of Countplus (ASX:CUP)

Investment services company CountPlus (ASX:CUP) has appointed Hugh Humphrey as the company's CEO, effective July 1.

" ASX employee tests positive for Covid-19

The ASX says an employee has contracted Covid-19.

" ASIC launches official investigation into ASX market outage

The ASX has confirmed today it is officially under investigation from the Australian Securities and Investments…

" ASX sheds more light on last week’s market tech failure

The Australian Securities Exchange has shed some more light on the nature of last week's market…