Discovery Zone 1 in Dateline's Gold Links project is looking bigger than ever. Pic: Getty
Consistent high-grade returns: Dateline’s Gold Links Discovery Zone is growing fast
Mining
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Dateline’s Gold Links project in Colorado, could see a substantial increase in mineral resources after underground drilling confirmed the extension of Discovery Zone 1.
The high-grade hits – such as 1.54m at 18.44 grams per tonne (g/t) gold and 16g/t silver and 1.55m at 14.6g/t gold and 29.3g/t silver – were returned from drilling aimed at extending a known mineralised zone drilled between 1975 and 1985.
Dateline Resources’ (ASX:DTR) successful drilling to date has defined Discovery Zone 1 over a 112m strike while the distance between the highest and lowest mineralised drill holes is 128m.
The success of the 21 holes drilled to date – and all geological indications suggesting that the vein continues at depth and to the north – have led the company to expand the program to test its downdip extension.
“These drilling results are consistently returning high-grade gold values and the behaviour of the vein is in‐line with our expectations,” managing director Stephen Baghdadi said.
“The expansion of Discovery Zone 1 gives the company the opportunity to expand its mineral resource inventory and extract material for processing at our Lucky Strike Mill.”
Gold production imminent
Gold Links is a high-grade, multi-vein gold system with four permitted mines in Gunnison County with historical production over 150,000oz.
Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project.
Dateline’s work is aimed at delineating sufficient mineral resources to support its Lucky Strike gold mill about 50km to the southwest.
The company has already started mining and stockpiling ore from Gold Links and is poised to restart production at an initial rate of about 100 tonnes per day though investigations are underway into upgrading the circuit to a capacity of 250tpd.
This article was developed in collaboration with Dateline Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
