- Dateline Resources (DTR) receives further results from a drill hole at its Colosseum gold project in California
- This hole was drilled to assess areas within densely drilled parts of the Colosseum deposit as well as below the historical resource model
- Through the drilling so far, Dateline has confirmed an intersection of 100.6 metres at 4.16 g/t gold, and the company is now awaiting the results from the deeper part of the hole
- Dateline will use the results to estimate a mineral resource for Colosseum
- Shares in Dateline are up 9.52 per cent and are trading at 12 cents at 11:54 am AEST
Dateline Resources (DTR) has received further results from hole CM22-05 at its Colosseum gold project in California.
Hole CM22-05 was drilled to assess areas within densely drilled parts of the Colosseum deposit as well as below the historical resource model.
Dateline has so far only received partial results from the hole, confirming an intersection of 100.6 metres at 4.16 grams per tonne (g/t) gold from 79.24 metres. The company is now waiting on the results from the deeper part of the hole.
This 100-metre intersection was made up of a string of gold hits including 3.05 metres at 13.78 g/t gold from 80.77 metres, 7.6 metres at 12.74 g/t gold from 132.59 metres and 4.6 metres at 7.10 g/t gold from 158.50 metres.
Dateline will use the results to estimate a JORC 2012-compliant mineral resource for Colosseum.
Managing Director Stephen Baghdadi said the drilling at Colosseum had proved high-grade mineralisation continued below the historic resource shell.
“The final assay results for hole CM22-05 are significantly better than we had expected and prove that gold is contained in several of the breccia lithologies,” Mr Baghdadi.
“Historic drill logs state that the sedimentary breccia unit is still present over 600 metres below the bottom of drill hole CM22-05 and is open at depth.
“The company is well advanced with the estimation of the mineral resource at Colosseum using the validated historical database.”
Shares in Dateline were up 9.52 per cent on the market and were trading at 12 cents at 11:54 am AEST.