High grade gold hits confirm Dateline’s Colosseum mine will be a crowd-pleaser
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Dateline Resources is on the cusp of posting a first JORC 2012 mineral resource estimate at its historic Colosseum gold mine after the US-focused gold miner posted stunning gold hits from the project this morning.
The results include a remarkable strike of 10.67m at 13.71g/t from just 18.29m in CM22-04.
Lovely. A geo will take that any day of the week.
Coupled with another stellar result of 19.81m at 5.19g/t from 79.24m in CM22-05, the assays confirmed the geological model Dateline (ASX:DTR) is working with.
That’s a big fillip for the company ahead of the estimation of a JORC-2012 compliant mineral resource for Colosseum, which will be finalised shortly.
But they reveal even more. Drilled beneath the mineralised model, the tip top results came in areas where Dateline didn’t expect to see strong gold numbers.
“Whilst holes 1-3 were largely drilled to confirm the geology of the modelled deposit, we are most excited by the results from holes 4 and 5, which were planned to assess beneath the mineralised model,” Dateline managing director Stephen Baghdadi said.
“Multiple intersections were returned from CM22-04, with the high-grade zone of 10.67m @ 13.71g/t Au returned in an area that we didn’t expect strong mineralisation. The deeper intersections highlight the potential for the deposit to continue at depth.
“The intersection of 19.81m @ 5.19g/t Au in CM22-05 indicates the broad nature of mineralisation extends beneath the previously defined mineralisation model.
“We will now progress with the estimation of the Mineral Resource at Colosseum and plan the next drilling campaign to assess the significant potential that exists in the pipe-like structure at depth.”
The drilling program, containing five holes for 605m of core, confirmed the geology of the deposit from the original paper-based data acquired in Dateline’s purchase of the mine in 2021.
Dateline has placed the data into a relational database for the first time, allowing it to build a 3D view of the mine.
The recent drill program was essential to use the historical data to report to JORC-2012 standards. After confirming the mineralisation identified by previous owners prior to 1993, a resource estimate is on the way.
But there are more results to come.
Dateline is still awaiting the full results of the program, including the deeper parts of CM22-05 from well below the mineral resource block model.
It is also putting in place plans for drilling beneath the mineral resource model using a directional diamond rig to minimise surface disturbance and allow for multiple deviated drillholes to be drilled from the same collar position.
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.