- Dateline Resources (DTR) progressed commissioning activities at its Gold Links mine in Colorado in the September quarter
- The company intercepted a high-grade vein that’s now being mined, moved and stockpiled at the Lucky Strike Mill which is being upgraded to a 250 tonnes per day capacity
- Once commissioning is complete, Dateline will start processing higher-grade ore from Gold Links
- DTR also delivered a maiden mineral resource for its Colosseum mine in California prior to discovering a 2000-metre dense unit which will be drill tested to see if it’s a rare earth-bearing carbonatite
- Dateline Resources shares are trading 5.71 per cent in the green at 7.4 cents at 2:02 pm AEDT
Dateline Resources (DTR) progressed commissioning activities at the Gold Links mine in Colorado during the September quarter.
Since moving to an operator-owner model, the company has completed around 2500 feet of underground development which has reached the mineralised zone at the Morris Winze area of the 2150 vein. Historically, this vein has been the highest grade vein discovered across the entire Gold Links mine.
The vein was intercepted in September and is now being mined, transported and stockpiled at the Lucky Strike Mill.
Importantly, Dateline has almost completed commissioning the upgraded circuit at the Lucky Strike Mill which is being expanded from 100 tonnes per day to a capacity of 250 tonnes per day.
Once commissioning is complete, the company will start processing higher-grade ore from Gold Links.
Additionally, Dateline reportedly made “significant” progress on its Colosseum project in California.
In July, the company announced a maiden mineral resource estimate for Colosseum which stands at 20.9 million tonnes at 1.2 grams per tonne (g/t) gold for 813,000 ounces.
Seventy per cent of the resource is classified as either measured or indicated.
In August, the company announced gravity survey results revealed a “relatively dense” unit at Colosseum which extends over 2000 metres and sits opposite and parallel to the USGS Thorium anomaly.
In the current quarter, Dateline plans to drill test the 2000-metre strike to determine if it’s a rare earth-bearing carbonatite.
Managing Director Stephen Baghdadi said the September quarter was “very productive”.
“With the support of our shareholders, we have been able to progress both of our USA projects in a sound and robust manner,” he said.
The company is eager to start drilling at Colosseum and expanding production and milling at Gold Links in the December quarter.
DTR shares were trading 5.71 per cent in the green at 7.4 cents at 2:02 pm AEDT.