- A gravity survey at Dateline Resources’ (DTR) Colosseum project in California has identified a “relatively dense” unit that strikes north-northwest
- The dense unit is defined over a 2000-metre strike and varies in width between 200 to 450 metres and has an estimated depth of 150 to 250 metres below the surface
- The interpretation of gravity data reportedly confirms there are several areas of interests within the project
- Dateline is now planning a drilling program to follow up on the findings, which would be the first systematic exploration program across the claims in more than two decades
- Dateline shares are in the grey at 12.5 cents each as of midday trade AEST
A gravity survey at Dateline Resources’ (DTR) Colosseum project in California has revealed a “relatively dense” unit that strikes north-northwest.
Interpretation work discovered that the dense unit extends over a 2000-metre strike, varies in width between 200 to 450 metres and has an estimated depth of around 150 and 250 metres below the surface.
Dateline said the dense unit is located opposite and parallel to the USGS Thorium anomaly that prompted the rare earth elements (REE) search.
Managing Director Stephen Baghdadi said this is a “very encouraging” result.
“The gravity data confirms there are several areas of interest and there exists the potential for more than one carbonatite dyke within the claim boundary,” he said.
“The first zone targeted for drilling is around two kilometres in strike and trends NNW. The target is parallel to a thorium signature on the west and mantle derived rocks on the east.”
According to Dateline, there is potential to develop an underground access from the base of the Colosseum open pit mine.
Looking ahead, the company is planning a drilling program which would be the first systematic exploration program across the claims in over 25 years.
Drilling will assess the strike extent of the dense unit to determine if it is a REE-bearing carbonatite. The program will also test the full extent of the gravity highs.
Dateline shares were in the grey at 12.5 cents each at midday trade AEST.