Dacian Gold’s Cameron Well prospect is firming as a potential third mine for the aspiring gold miner at its Mt Morgans project 25km south-west of Laverton.

Another round of reverse circulation and diamond drilling has confirmed the potential of the prospect with high grade mineralisation intersected close to surface and at depth.


The best reverse circulation results from recent drilling at Cameron Well, which lies in between the existing Westralia open pit and the company’s proposed Jupiter open pit, included 7m at 10.6g/t gold just 19m from surface while diamond drilling at depth was said to have identified at least four bedrock structures.


Dacian said it would continue drilling to establish a maiden oxide mineral resource at Cameron Well while it worked on a feasibility study for the potential mine.


The company expects to pour its first gold from its $200 million Mt Morgans project in seven weeks, with its new 2.5Mtpa carbon-in-leach plant now 95 per cent complete.


Executive Chairman Rohan Williams said Cameron Well was now confirmed as the third significant gold discovery at Mt Morgans after Westralia and Jupiter, with recent drilling results amounting to a significant breakthrough for its exploration team.


“RC drilling has now intersected good widths and grades of shallow oxide mineralisation over an area of 1.5km by up to 1km, confirming the mineralisation seen in our original aircore drilling programs laying the foundations for a maiden oxide mineral resource” he said.


“With the additional discovery of at least four bedrock structures below the extensive oxide gold mineralisation, we are confident that Cameron Well has the potential to become the company’s third significant mining complex at Mt Morgans.”

Image: The West Australian/ Dacian Gold Executive Chairman Rohan Williams