Company Presentation
Perth, Sep 1, 2014 AEST (ABN Newswire) - Dacian Gold Limited (
ASX:DCN) has provided the latest company presentation. Well funded ($11M cash), a strong and experienced team focused on the high grade Mt Morgans Project.
This year Dacian will complete 40,000 metres of drilling, aiming to increase the 1.2 Million ounce, 4 g/t resources base.
Dacian's minimum Ore Reserve target is +600,000 ounces of Gold, a +5 year mine life and a stand alone operation.
Dacian has made two high grade discoveries at Westralia and Jupiter since their Initial Public Offer.
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DCN-689733.pdf
About Dacian Gold Ltd
Dacian Gold Limited (
ASX:DCN) Mt Morgans Project hosts high grade Mineral Resources of 2.1 million ounces at an average grade of 2.6 g/t gold, including Ore Reserves of 136,000 ounces at an average grade of 6.2 g/t gold. In addition, the Company has identified multiple exploration targets and resource extension opportunities. If proven, they will enable growth of the Mt Morgans' existing Mineral Resource and Ore Reserve base.
Dacian's strategy at Mt Morgans is evolving toward mine feasibility and potential mine development. It has identified two large mineralised systems at Westralia and Jupiter where it believes mine development at each site is a possibility, and will be the subject of ongoing drilling and feasibility studies. Dacian considers a high grade Ore Reserve of at least 600,000 ounces of gold is reasonably likely to provide sufficient returns to justify the investment capital required to construct an ore processing facility at the project.
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