Road to 1Moz: Dateline pulls up 104m hit grading 3.65g/t at Colosseum with resource update on the way
Mining
Mining
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.
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:
Meanwhile, RC drilling has returned results such as:
“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.”
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.