DTR
Gold Link Portal. Source: DTR
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Dateline Resources (DTR) achieves a milestone in its plans to become a gold miner in the US
  • DTR also developed a second means of egress from underground, therefore completing necessary development to be able to start mining and processing
  • Active mining at the site will commence in late December or early January, on the back of results from the drilling being released later this week
  • In July this year, the company started a diamond drill series at its wholly-owned Gold Links mine, where the Lucky Strike Mill is located roughly 50 kilometres away
  • Dateline Resources has ended the day trading up 6.85 per cent and selling at 7.8 cents a share

Dateline Resources (DTR) has achieved a milestone in its plans to become a gold miner in the US state of Colorado.

DTR has also developed a second means of egress from underground, therefore completing necessary development to be able to start mining and processing.

In July this year, the company started a diamond drill series at its wholly-owned Gold Links mine, where the Lucky Strike Mill is located roughly 50 kilometres away.

The next phase of development will focus on extracting the known resources.

Active mining at the site will commence in late December or early January, on the back of results from the drilling being released later this week.

“With the company completing the development of a second means of egress from the
underground to the surface, we are legally able to commence stope mining and production,” Managing Director Stephen Baghdadi said.

“This development is a significant step forward for the company. Our development plan is now focused on production and milling”.

Dateline Resources ended the day trading up 6.85 per cent and selling at 7.8 cents a share.

DTR by the numbers
More From The Market Herald

" EQ Resources (ASX:EQR) gets Federal Govt grant for High-Tech Ore-Sorting

EQ Resources (ASX:EQR) receives investment from Federal Government for High-Tech Ore-Sorting at Mt Carbine Tungsten mine
- CEO, Nandan Seth

" Splitit Payments (ASX:SPT) appoints Nandan Sheth as CEO

Splitit Payments (ASX:SPT) appoints Mr Nandan Sheth as Chief Executive Officer effective from February 28, 2022.

" Sultan Resources (ASX:SLZ) to raise $2.2m for WA and NSW-based projects

Sultan Resources (ASX:SLZ) shares have dived 19.5 per cent after the company announced a $2.2 million…

" Cannindah Resources (ASX:CAE) unearths 81m copper zone at Mt Cannindah

Cannindah Resources (ASX:CAE) receives encouraging results from hole #4 drilled in the northern sector of the…