From Dacian's website. My highlighting.
'In the three years of exploration the Company has undertaken since listing, it has discovered 2.2 million ounces at Westralia and
Jupiter at a discovery cost of <$7/oz. The current resource inventory for the Mt Morgans project is:
45.3 million tonnes at 2.2 g/t gold for 3.2 million ounces.
REGIONAL AND PROJECT GEOLOGY
The Mount Morgans Gold Project tenements are located within the North-Eastern Goldfields (NEG) Province of the Archaean Yilgarn Craton and cover a large portion of the highly gold prospective Laverton Tectonic Zone (LTZ). The region hosts a number important gold and nickel deposits. Within 25km of the Project, the following major gold deposits occur: Sunrise Dam (>10Moz), Wallaby (> 7Moz), Granny Smith (>2Moz) and Lancefield (>2Moz).
The Project straddles the core and western limb of the Mt. Margaret anticline which plunges moderately to the south and has a north-north west trending fold axis. Rock types are dominated by mafic volcanics, mafic intrusives, minor ultramafics and metasediments, and a narrow band (<100m wide) of a regionally continuous banded iron formation (BIF). These primary rock types have been intruded by concordant and discordant felsic porphyry dykes and sills as well as local thin lamprophyre dykes. Syenite stocks have intruded the hinge zone of the Mt Margaret Anticline as well as late structures throughout the Project area. All rocks have undergone regional greenschist facies metamorphism. Large granite intrusions form the core of the Mt Margaret anticline.
Gold mineralisation occurs in a number of styles at Mt Morgans. The majority of historic production has come from BIF-hosted replacement style mineralisation (Westralia) where extensive sulphide replacement and silicification of the magnetite has occurred forming large tonnage moderate to high grade deposits.
Syenite related gold mineralisation occurs at the Jupiter deposit where the total pre-mined resource inventory is 1.5 million ounces of gold. The geology and mineralisation at Jupiter is very similar to that at the nearby >7Moz Wallaby deposit operated by Gold Fields, located 8km to the southeast...'
This is from the 'geology' section of the 9/5/16 ann re Jupiter:
"The Jupiter prospect is interpreted to comprise structurally controlled mesothermal gold mineralisation related to syenite intrusions within altered basalt."
The mention of Wallaby hit a brain spot with me. This is an extract and a diagram from Walter Witt's 11/2/15 report:
View attachment 249950
View attachment 249959
(20min delay)