Dateline delineates high-grade zones at Gold Links

By Trevor Hoey. Published at Sep 5, 2019, in Mining

Dateline Resources Ltd (ASX:DTR) has released promising results from the surface drilling program which commenced in early June at the northern section of the Gold Links Project in Colorado.

All six holes intersected gold and silver mineralisation over 160 metres of strike with some exceptional results including 1.6 metres at 30.4 g/t gold and 78 g/t silver.

Interestingly, in 2018 a drill hole located 30 metres from that high-grade drill intersection assayed 1.7 metres at 91 g/t gold.

There have also been outstanding assay results from grab samples at the newly discovered ‘’Hill’’ vein.

These samples included 56.5 g/t gold and 200 g/t silver.

This vein is 120 metres south-east of the Sacramento vein which has delivered underground grab sample assay results of up to 67.4 g/t gold and 816 g/t silver.

Judging from these results it would appear that Dateline has discovered plenty of needles in the course of locating the haystack.

Other veins yet to be tested

In discussing the exploration results and their significance in terms of the group’s exploration strategy, managing director Mr Stephen Baghdadi said, “The past few weeks have been focused on drilling for the extension of the 2150 vein, and commencing a surface sampling and mapping program, both with excellent outcomes.

‘’The surface sampling and mapping program yielded immediate results with the discovery of the new Hill vein.

"All six holes drilled to test for the extension of the 2150 vein have intersected mineralisation.

"As with the Sacramento vein, the 2150 vein is where we expected it to be, and high-grade intercepts are being made.’’

This is very encouraging given the number of other known veins that are yet to be tested and the large number of LiDar generated surface targets yet to be explored by Dateline.

Potentially market moving near term news flow includes deeper drilling of the 2150 and Sacramento veins, as well as follow-up work on the Hill vein.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Thanks for subscribing!

X