Road to 1Moz: Dateline pulls up 104m hit grading 3.65g/t at Colosseum with resource update on the way

Dateline Resources has received the final results from diamond hole CM24-16 which have increased the intercept from 88m to 104.7m
The final results from the RC program have also been returned, with significant results including 7m @ 4.27g/t Au from 77.72m
The resource will be released shortly, followed by mining studies

Special report: Impressive gold hits continue to trickle in from drilling at the Colosseum gold mine in California as Dateline prepares an imminent resource update.

Dateline’s (ASX:DTR) +800,000oz Colosseum gold project in southern California’s Walker Lane Trend is down the road from multiple substantial discoveries including Equinox Gold’s 5.5Moz Castle Mountain gold mine.

DTR is looking to expand this resource with a combined diamond-reverse circulation (RC) in-fill and extensional drilling campaign.

So far, the program has uncovered monster hits including 76.2m at 8.62 g/t gold and the more recent 70.1m at 6.53 g/t.

Final diamond and RC drilling results

Diamond drill hole CM24-16 was first reported in April 2024, with assays returned for the upper portion of the hole (88m @ 4.18g/t Au).

The hole was extended to ensure that it finished outside of the sedimentary breccia, with recent assays extending the intersection to 104.7m at 3.65g/t Au.

Following a scheduled break, the drill crews returned to site and continued drilling within the south pit at Colosseum with diamond drill results including:

104.7m at 3.65 g/t gold from 77.23m, including 12.2m at 8.40 g/t gold from 108.81m; and
12.8m at 2.18 g/t gold from 208.17m.

Meanwhile, RC drilling has returned results such as:

25.9m at 1.91 g/t gold from 57.91m, including 3.05m at 3.05 g/t gold from 57m;
74.7m @ 4.27g/t Au from 77.72m, including 27.4m @ 7.82g/t Au from 88.39m
3.05m at 2.95 g/t gold from 94.48m.

‘Moving quickly to determine mine plan’

“These drill hole results are further confirmation that the Colosseum project has delivered consistent gold grades in a wide zone,” DTR managing director Stephen Baghdadi says.

“With the updated MRE expected in the next few weeks, we plan to move quickly to determining a mine plan to extract value for our shareholders.”

Results since project was acquired in ’21 included in resource

DTR has engaged H&SC Consultants Pty Ltd to update the resource for the Colosseum gold deposit, which will include all the diamond drilling undertaken by the company since the project was acquired in 2021.

Results for the recent RC drilling were received after the cut-off date for the resource and will be incorporated into a further update later in 2024, which will also include any diamond and RC results completed during the next 4-6 months.

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.