Dateline drills bonanza grade ground at Gold Links
Dateline Resources Ltd (ASX:DTR) will commence a much anticipated 8000 metre drilling campaign next week at the company’s 100%-owned Gold Links Project in Colorado.
Drilling will test near surface extensions of the Sacramento and ‘2150’ veins located in the northern section of the Gold Links Project.
Both targets are highly prospective and are immediately beneath structures that are known to have produced high grade gold.
Previous production of up to 150,000 ounces featured outstanding grades of up to 493 g/t gold and in particular, records indicate crude ore shipments up to 287 g/t gold from the Gold Links ‘2150’ vein.
Mineralisation can be traced on surface and underground for almost 6 kilometres from the northern to the southern sections of the project.
Well-documented records indicate that there are large areas that remain untested at surface and little to no exploration has been done below the valley floor.
Sacramento and 2150 veins the main focus
Of the 41 holes planned, 20 holes will be drilled into the Sacramento vein and 21 into the ‘2150’ vein.
The combined strike being tested is approximately 600 metres.
The drill spacing is 33 metres on the strike and between 15 metres and 50 metres on the dip of the veins.
Recent assays of the ‘2150’ vein reported by Dateline range from 1.2 metres at 38 g/t gold to 1.2 metres at 250 g/t gold, including grab samples up to 151 g/t gold.
As well as deploying two drill rigs, a diamond core rig will be mobilized to site and remain on standby should it be required.
The company is well funded and will retain a significant cash balance at the conclusion of this program.
Highlighting the significance of undertaking the first systematic exploration program using modern technology across an area that has proven high-grade gold mineralisation, executive director Stephen Baghdadi said, “This exploration program is a major milestone for Dateline.
"Thanks to the support of our shareholders and the diligent work of our current team in compiling and digitising of over 100 years of data, we are able to implement the first ever systematic, closely spaced drilling program on the Gold Links project.”