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Dacian boosts measured, indicated gold resources at Mount Morgans' Jupiter to 1.1 million ounces

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Dacian boosts measured, indicated gold resources at Mount Morgans' Jupiter to 1.1 million ounces

Dacian GoldLtd. has increased the measured and indicated resource for theJupiter prospect at its Mount Morgans mine in Western Australia by 69% to 1.1million contained gold ounces.

The Australian explorer said July 19 that the total resourcefor the Jupiter prospect now stands at 33.7 million tonnes at 1.3 g/t of goldfor 1.4 million contained ounces.

As a result, the resource inventory at Mount Morgans has increasedto 45.3 million tonnes at 2.2 g/t of gold for 3.2 million contained ounces.

The updated Jupiter resource incorporates the results from34,000 meters of reverse circulation drilling across 313 holes and 7,000 meters of diamonddrilling across 37 holes.

Dacian said the new resource will allow open pit andunderground mine designs to be included in the Mount Morgans feasibility study,which is on track for completion in the December quarter.

The company is working to deliver a maiden reserve for theJupiter prospect later in the September quarter.