Dateline’s gold hits proving up Gold Links to host more mineralisation
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Underground drilling at the Gold Links project in Colorado has supported Dateline’s belief that high-grade gold mineralisation continues beneath old workings.
Notable intersections from the 4,000m underground drill program returned results in line with the grade and width expectations for the 2150 vein, such as 1.6m grading 29.2 grams per tonne (g/t) gold and 197g/t silver including 0.6m at 56.74g/t gold and 384g/t silver.
Dateline Resources’ (ASX:DTR) underground drilling program is aimed at extending a known mineralised zone which was drilled between 1975 and 1985.
It has thus far completed eight out of the 10 planned holes and received results from three of the holes.
“The Gold Links project is a high-grade multi-vein gold system. These results are in line with our expectations and support the case that significant high-grade mineralisation continues below the old workings,” managing director Stephen Baghdadi said.
“To date, the best assay results have been achieved when we have drilled into the sediments and below the old workings, this will remain the case as we head north in the decline.”
The drill program also requires the development of a 1,000m underground development that will also be used as a haulage route.
About 70% of this development has been completed to date with weekly work progressing in line with forecasts.
Notably, it is about 80m away from completion of a second escapeway, expected to be completed in mid-December.
This will allow for alternative access when Dateline commits to mining and stoping activities as part of the planned transition to production.
A decision to commit to production is anticipated to be made before the end of 2021.
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.