Dateline Resource strikes lucky: discovers near-surface gold
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Colorado-based gold explorer, Dateline Resources (ASX:DTR), today revealed its discovery of near-surface visible gold mineralisation at Mineral Hill, which forms part of its Lucky Strike tenements.
This newly exposed vein holds significant potential — initial exploration activities have unveiled geological similarities to the Lucky Strike vein, trending in the same direction.
Encouragingly, this recently discovered structure is potentially over 1.6 kilometres long. If this mineralised vein is connected to Lucky Strike, moreover, it could emerge as another substantial deposit for DTR.
The company is planning a surface sampling and trenching program to evaluate the property for potential drill targets. Near-term exploration will kick off shortly to verify mineralisation and prove site potential.
The Lucky Strike property comprises 32 patented and unpatented claims, spanning 2.7 kilometres of the strike of the Green Mountain goldfield. Within the claims, DTR is re-commissioning the Lucky Strike mill — the only permitted gold mill in the region — with a view to treating ores from its Gold Links mine.
To date, the Lucky Strike and the adjoining Mineral Hill properties have seen no modern exploration initiatives undertaken to verify the continuity of the vein structures. As a base of exploration, DTR has conducted a small amount of excavation at Mineral Hill to begin validating historical data.
Commissioning of Lucky Strike mill is progressing well, with updates expected in the near future. On top of that, DTR’s broader field development strategy is also tracking as planned at the Gold Links mine.
As always, success is not guaranteed, investors should seek professional financial advice if considering this stock for their portfolio.
DTR CEO, Stephen Baghdadi, said: “We’re pleased with the discovery of visible gold at Mineral Hill, as it emphasises the significant opportunities within the region and potentially ties the Mineral Hill site and Lucky Strike veins together across our land holding.“
“This new structure is displaying fantastic hallmarks of a vein that could potentially extend over a mile long, and the historic logistical challenges in testing the depth of mineralisation can easily be overcome with the use of modern technologies.“
“The company is actively progressing next steps to properly test this structure, with an exploration program planned and to commence in the near term. We look forward to updating the market as these developments progress,” Baghdadi continued.
“Further, we are pleased to advise that the broader field development strategy implemented by the company is proceeding as planned. The Lucky Strike Mill commissioning process is well underway and the company expects to be able to update the market on this process as well as mine development activities at Gold Links on the 9900 mineralised zones shortly.”
DTR tenements cover 2.7km out of an approximate 5km north-west/south-east trending gold system
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (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 and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
