Dacian Gold has completed the first phase of an underground diamond drilling program at its Westralia underground mine, part of the Mt Morgans gold operation in Western Australia.
The company recovered 60,317 tonnes at 4.5 grams per tonne of gold from previously developed stopes at the Westralia during the September quarter, after the mine was placed on care and maintenance at the end of August.
The drilling program aimed to infill ore blocks that are currently identified as inferred mineral resource, with drilling interpretation and estimation to be announced ahead of mining study work.
In total, Dacian recovered 32,799 ounces of gold at the Mt Morgans gold operation in the September quarter, as the company’s managing director Leigh Junk acknowledged the successful quarter.
“Momentum is building with this good start to the financial year. Our operations delivered in line with expectations and our exploration team are having success, particularly the recent results at Mt Marven which look extremely encouraging,” he said.
“Our restructured hedge book now better aligns with our production profile which will provide more cash to the business for the remainder of the financial year due to increased participation in higher spot prices. We look forward to building on these outcomes for the remainder of the year.”
The company has now completed infill and expansionary drilling programs at the Mt Marven, Phoenix Ridge and Mckenzie Well deposits, and is anticipating further drilling results in the December quarter.
The Mt Marven open pit’s drilling program included intercepts of 3 metres at 21.69 grams per tonne of gold from 27 metres, and is aiming to test future open pit potential.
Dacian’s Cameron Well project has also commenced and is ongoing, with results due later in the 2021 financial year.