- Dateline Resources (DTR) reports high-grade intersections from a 21-hole underground diamond core drilling program at its Gold Links gold project in Colorado in the US
- The company says the assay results “confirm” the extension of the project’s mineralised Discovery Zone 1
- Stand-out intercepts from the current drilling phase, aimed at extending a known mineralised zone drilled between 1975 and 1981, include 1.54 metres at 18.4 g/t gold and 16 g/t silver and 1.55 metres at 14.6 g/t gold and 29.3 g/t silver
- Dateline says the drilling program has been expanded to further test down dip of Discovery Zone 1
- DTR shares up 4.76 per cent to 8.8 cents
Dateline Resources (DTR) has reported high-grade intersections from a 21-hole underground diamond core drilling program at its Gold Links gold project in Colorado in the US.
The company said the assay results “confirmed” the extension of the project’s mineralised Discovery Zone 1.
Stand-out intercepts from the current drilling phase, aimed at extending a known mineralised zone drilled between 1975 and 1981, included 1.54 metres grading 18.4 grams per tonne gold and 16 g/t silver and 1.55 metres at 14.6 g/t gold and 29.3 g/t silver.
The strike length between the northern and southern-most drill holes in Discovery Zone 1 is 112 metres and the distance between the highest and lowest mineralised drill hole is 128 metres.
All geological indications are that the vein continues at depth and to the north, according to Dateline.
In the wake of extending the known mineralised zone, the company said the drilling program has now been expanded to further test down dip of Discovery Zone 1.
“These drilling results are consistently returning high-grade gold values and the behaviour of the vein is in line with our expectations,” Managing Director Stephen Baghdadi said.
“The expansion of Discovery Zone 1 gives the company the opportunity to expand its mineral resource inventory and extract material for processing at our Lucky Strike mill.
“Short-term drilling plans are to continue testing the northern and down‐dip extension of Discovery Zone 1.”
Dateline said it was looking to delineate sufficient mineral resources to underpin a small, high‐grade, low‐cost production operation.
The company also owns the Lucky Strike gold mill, located 50 kilometres from the historic Gold Links mine, which sits within its Green Mountain project.
DTR shares finished the day’s trading session up 4.76 per cent to 8.8 cents.