Dacian Declares Maiden Gold Resource At Phoenix Ridge

Dacian Gold has reported the maiden mineral resource for its Phoenix Ridge deposit at the Mt Morgans gold operation (MMGO) near Laverton in Western Australia.

The operation has an estimated inferred mineral resource of 481,000 tonnes at 8.1 grams per tonne (g/t) for 125,000 ounces of gold.

Dacian executive chairman Rohan Williams said the company moved quickly to deliver the maiden Resource for Phoenix Ridge, given its impressive grades.

“Given its proximity to the Mt Morgans treatment plant, grade and location close to surface, we will commence infill-drilling as soon as possible with the aim of defining a new high-grade additional production source for Mt Morgans,” Williams said.