Dateline’s Green Mountain looms as highly prospective

By Trevor Hoey. Published at Jan 28, 2020, in Mining

Dateline Resources Limited (ASX:DTR) has provided some positive commentary following the completion of geological mapping, geochemical sampling and ground magnetics program at its 100% owned Green Mountain gold project in Colorado.

A ground magnetic survey was carried out in the Lucky Strike - Mineral Hill area at Green Mountain to assist with mapping amphibolite bodies, the preferred host rock for the Lucky Strike veins.

Dateline’s overall operations are focused on gold mining and exploration in Colorado.

The company owns 100% of the Gold Links project which is located in Gunnison County.

Gold Links which has produced up to 150,000 ounces of high-grade gold is comprised of several contiguous historic gold mines that have been consolidated by the company.

Mineralisation can be traced on surface and underground for almost six 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.

Dateline’s Green Mountain project includes Lucky Strike and Mineral Hill permitted gold properties, and the company has recommissioned a gold processing plant located at the Lucky Strike Mine.

Gold Links and the Lucky Strike are located approximately 50 kilometres apart, indicating that successful exploration at Green Mountain could have broader implications for the company’s overall operations in that region.

Drilling to test projection of Lucky Strike veins

Looking specifically at Green Mountain, a prominent magnetic anomaly is modelled coincident with mapped amphibolite at Lucky Strike mine.

From a geological perspective, the magnetic susceptibility model shows an amphibolite body significantly larger than indicated by surface mapping.

The Lucky Strike mine lies near the northern end of the modelled amphibolite, and the amphibolite body plunges in a shallow fashion toward the south-east.

With elevated gold values extending throughout the system, a 2020 drill campaign is being planned to test the projection of the Lucky Strike veins within this target.

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.

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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.

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