Dateline targets mining at the low-cost Gold Links project by the end of the year
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US gold developer Dateline Resources has started development at its historic Gold Links Mine in Colorado with a jumbo rig commencing the decline for exploration and haulage.
The company reckons it will take around 5-6 months to finish 1,000m of underground development before it can start mining the 2150 Vein in Q4 – which has indicated mineral resources grading 14.73 g/t gold.
Dateline (ASX:DTR) is also planning an underground exploration program of 4,000m diamond drilling which is expected to take the same amount of time to complete.
As well as the 2150 vein, drilling will also target the West vein which intercepted 0.98m at 30.2 g/t gold and 61 g/t silver in 2019.
The end goal is to commence a small high-grade, low-cost operation by the end of 2021.
Once mining is underway, the company will transport the ore to the conveniently owned mill at the Lucky Strike mine 50kms away.
“The Gold Links development and exploration program is an important component of our plans to transform into a high-margin gold miner,” Dateline managing director Stephen Baghdadi said.
“Dateline has the advantage of owning a permitted and operational mill located 50km away at the Lucky Strike mine.
“Owning the mill means we can extract and process material quickly without the need to delineate a multi-year resource in order to justify the cost of building a mill.”
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.