Join our daily newsletter At The Bell to receive exclusive market insights
- Dateline Resources (DTR) confirms the lithological interpretation of historical drill data from its recently completed drill program at its Colosseum gold project in California
- The program comprised of five holes for 605 metres, and aimed to validate historical data
- Recent results include 19.81 metres at 5.19g/t gold and Dateline says the data from all holes confirm the geological model
- It will now work towards completing a mineral resource estimate for the Colosseum deposit
- Shares are trading steady at 9.9 cents each
Dateline Resources (DTR) has confirmed the lithological interpretation of historical drill data from a recently completed drill program at its Colosseum gold project in California.
The program comprised of five holes for 605 metres, and aimed to validate historical data.
It tested areas within densely drilled parts of the Colosseum deposit as well as the potential below the historic resource model.
One of the best results, according to the company, included 10.67 metres at 13.71 grams per tonne (g/t) of gold in CM22-04.
Drill hole CM22-05 returned 19.81 metres at 5.19g/t of gold from 79.24 metres.
The company said the data from these holes confirms the geological model.
“Whilst holes one to three were largely drilled to confirm the geology of the modelled deposit, we are most excited by the results from holes four and five, which were planned to assess beneath the mineralised model,” Managing Director Stephen Baghdadi said.
Dateline will now work towards finalising a JORC-compliant mineral resource estimate for the deposit.
The company believes there is significant potential below the current MRE and is planning to target this area in future drilling.
Shares were trading steady at 9.9 cents each at 1:21 pm AEST.
