- Dateline Resources (DTR) continuing with gold production activities at the Gold Links mine in Colorado ahead of plant recommissioning
- Recommissioning of the Lucky Strike mill is well underway, with campaign testing to commence next week at a daily rate of 100 tonnes of ore
- Following equipment and productivity issues, Dateline also engaged a new drilling contractor which will complete the remainder of a 3600-metre drilling program
- Additionally, Dateline has drawn down another US$3 million (A$4.2 million) from a working capital facility to support activities until it receives funds from shipments
- Company shares are trading steady at 7.7 cents
Dateline Resources (DTR) announced gold production activities are progressing at the Gold Links gold mine in Colorado ahead of plant recommissioning.
Production is initially focused on the 9900rl Mineral Resource on the 2150 Vein with mining and stockpiling now underway. The ore is being extracted at a rate of about 100 tonnes per day.
Ore haulage is expected to begin this week, with ore transported to Dateline’s wholly-owned Lucky Strike mill.
Dateline Resources commenced recommissioning works at the Lucky Strike mill which has previously operated at 100 tonnes per day. While the mill has been well maintained, minor equipment repairs and replacements were required to bring the mill to ‘production ready’ status.
Initial commissioning is underway with a trial batch of development ore to be treated during a 24-hour campaign over the next week. The company said it’s aiming to begin gold concentrate production and sales during the current quarter.
Following previous equipment and productivity issues, Dateline engaged a new drilling contractor which has mobilised to site to complete a paused 3600-metre drilling program. The company assured the new contractor has equipment that is more suitable for deeper holes.
Additionally, the company has drawn down a further US$3 million (A$4.2 million) from a working capital facility in order to fund production, development and exploration activities until it has received funds from concentrate shipments.
Following the draw down, the company has US$9.8 million (A$13.6 million) in debt.
“We see 2022 as being transformative for Dateline Resources as we transition to a
high-grade gold producer,” Managing Director Stephen Baghdadi concluded.
Company shares were trading steady at 7.7 cents at 2:14 pm AEDT.