1.1 MILLION OUNCES OF GOLD AT COLOSSEUM

Significant Increase in Mineral Resource Estimate

Dateline Resources Limited (ASX: DTR) has announced a significant increase in the Mineral Resource Estimate (MRE) for the Colosseum Gold Project, located in San Bernardino County, California.

The updated MRE represents a 35%, or 288koz, increase in the total MRE since it was first reported in July 2022. Notably, the Measured component of the MRE has increased by 77% in ounces to 455koz and 23% in grade to 1.47g/t Au.

Top Highlights:

  1. Measured and Indicated Mineral Resource of 736,000 ounces are 67% of the total Mineral Resource Estimate.
  2. Measured and Indicated Mineral Resource increases by 1.6 million tonnes at an average grade of 3.07g/t gold.
  3. Volume of Measured Resource increased by 77% and the grade has increased to 1.47g/t gold.

Commenting on the Mineral Resource update, Managing Director Stephen Baghdadi stated:

These results are extremely encouraging and demonstrate that our drilling has added higher grade tonnes, particularly to the Measured mineral resource. As 736,000 ounces out of the total Mineral resource estimate of 1.1 million ounces of gold are Measured and Indicated, the Company will now commence mining studies to determine what material can be mined in the most suitable and economically viable way and review the drill program to determine how best to expand the known resource further.

Read the full announcement

Goldman

Read Previous

SIGNIFICANT DRILLING RESULTS AT BELLTOPPER

Read Next

AGUIA RESOURCES ACCELERATES SANTA BARBARA GOLD MINE DEVELOPMENT