Dacian Gold Limited announced further RC drilling results from its near surface, BIF-hosted McKenzie Well Project at its 100%-owned Mt Morgans Gold Operation located near Laverton in Western Australia. Located approximately 12km north of Westralia, the McKenzie Well Project has been targeted as part of the company's FY2020/2021 exploration programs. An initial RC drilling program identified strong mineralization along 400m of strike length of Banded Iron Formation. The mineralization is predominantly BIF hosted with the grade and geometry of high-grade mineralization being influenced by a large-scale fold closure to the south east of the project. Following the success of the original phase one program in July 2020, an additional 39 RC drill holes for 2,950m were completed to further test the BIF stratigraphy and confirm the orientation and distribution of grade around the fold structure. The infill holes were targeted and tested to a spacing of 20m x 40m in the core of the fold closure. The infill drilling has proven stratigraphic continuity of the BIF and confirmed gold concentration proximal to the southern fold closure. Significant intersections from the recently completed program are as follows: 17m @ 1.51g/t Au from 49m in 20MWRC0060; 20m @ 0.95g/t Au from 19m in 20MWRC0079; 9m @ 2.05g/t Au from 15m in 20MWRC0062; 10m @ 1.27g/t Au from 142m in 20MWRC0061; 5m @ 2.37g/t Au from 37m in 20MWRC0068; 5m @ 2.15g/t Au from 33m in 20MWRC0085 · 5m @ 1.83g/t Au from 56m in 20MWRC0058; 8m @ 1.08g/t Au from 68m in 20MWRC0065; 7m @ 1.3g/t Au from 12m in 20MWRC0067;7m @ 1.21g/t Au from 19m in 20MWRC0081; 3m @ 2.35g/t Au from 58m in 20MWRC0069; 3m @ 2.15g/t Au from 14m in 20MWRC0064; 6m @ 1.01g/t Au from 18m in 20MWRC0072; 1m @ 5.47g/t Au from 29m in 20MWRC0062; 3m @ 1.78g/t Au from 27m in 20MWRC0083 Geological interpretation of logging and mutli-element analysis of the stratigraphy indicates that McKenzie Well is a folded sequence with a south east plunge to the fold axis. Further expansion opportunity lies in the down-plunge testing of these fold hinge zones.