Presentation to RIU Resources
Perth, Feb 19, 2014 AEST (ABN Newswire) - Dacian Gold (
ASX:DCN) announce the Presentation to RIU Resources. Dacian's Mt Morgans Project is a high grade goldfield in the Laverton district with discoveries in 2013.
The company has a strong and experienced board and is well funded with AU$13 Million cash.
The Mt Morgans minimum ore reserve target is 500,000 ounces of gold with a five year mine life.
Investors interested in attending Investorium.tv "Land of the Mineral Mammoths" in Sydney on March 17 to watch Managing Director Paul Payne present the company can visit www.investorium.tv to register.
To view the RIU Presentation, please visit:
http://media.abnnewswire.net/media/en/docs/76660-ASX-DCN-668074.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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