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GROUND FLOOR, 26 CLIVE STREET WEST PERTH WA , 6005
P: 08 9226 4622 F: 08 9226 4722
info@daciangold.com.au
daciangold.com.au

MT MORGANS

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About: Dacian Gold Limited is a gold exploration and development company with its head office in Perth. It purchased the Mount Morgans gold tenements in 2011 from Range River Gold. Range River Gold having purchased the operation from Barrick Gold in 2009. The gold processing plant had been removed from the site.

Mount Morgans Gold Resource has High Grading
Mount Morgans is renown for producing high grade gold bearing ore, having produced more than 1.3 million ounces, grading, on average, 4.1 grams a tonne since gold discovery was first made on the site in 1896. The project area extends for 520 square kilometres within which a high grading JORC resource of 923,000 ounces at 3.1 grams a tonne has been reported. This report also reports a gold ore reserve of 136,000 ounces grading at 6.2 grams a tonne.

New Owner Dacian Gold Limited are Busy Proving up Further Resources at Mount Morgans Mine
Mount Morgans Mining operations are currently closed while Dacian undertakes an intensive diamond drilling program over the following two years to fully define the extent of the resource. This exploration program will determine whether Dacian Gold Limited should develop Mount Morgans as a stand alone gold producing centre or incorporate it with the company's other operations. Drilling commenced soon after the company became listed on the ASX and to date high grade intersections have been returned from each drilling prospect undertaken. The company has identified numerous exploration targets with the intention of extending its resource opportunities. If successful it will significantly extend the known Mount Morgans ore reserve and mineral resource base.

So far Dacian Gold Limited exploration program has produced high grade diamond drilling results while testing for resource expansion at the southern end of the Westralia gold deposit. This has proven high grade mineralisation at over 450 metres below the surface and remains open at depth. This has prompted the company to see the potential for the deposit to host considerable high grade shoots near existing underground development.

The objective of Dacian Gold Limited is to define a minimum of 500,000 ounces of Ore Reserve as this amount could reasonably be expected to provide sufficient return to justify the construction of a new gold processing plant to replace the facility that was removed some years ago.

Mount Morgans Mine Commenced Operation in 1896

Mount Morgans is located 916 kilometres east of Perth in the North Eastern Goldfields between Laverton and Leonora. Gold was first discovered at Mount Morgans in 1896 with the first lease being acquired by Alfred Morgan who developed the first mine on the site known as Westralia Morgans Mine. The Mount Morgans Gold Mine was in production from 1896 to 1952. It reopened again in 2009.

Former owner, Range River, focused their attention on mining the adjacent “The Craic” deposit and in December 2009 announced it was re- commencing mining at the “The Craic' open pit. When Barrick Gold operated the Mount Morgans Mine it used its processing plant at the nearby Granny Smith Mine to treat the ore mined from Mount Morgans.

Dacian Gold

Formed in 2011, Dacian Gold Limited is an Australian based mineral exploration company. Their main project is the Mount Morgans Gold Project in the Lavrton area of WA. Dacian listed on the ASX in 2012 and will conduct exploration and drilling over the next two years with the aim of developing...........read more

ADDRESS

Dacian Gold
Ground Floor, 26 Clive Street
West Perth, WA 6005

PO Box 1123
West Perth, WA 6872

OTHER INFO

Phone0892264622
fax0892264722

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