DATELINE RESOURCES (ASX: DTR ) 8.1 cents
Market cap: ~$37 million Near Term Gold Producer
Production date: Towards the end of March 2022 quarter
Production target: The planned mining head grade will result in 12-15,000oz per annum, however, investigations are advanced on increasing throughput.Dateline has been consolidating ground (around 2,000 acres worth) at the Gold Links Project in Gunnison Country, Colorado since 2016.
The project, comprising four permitted mines (Gold Links, Sacramento, Raymond, and Carter) and the permitted Lucky Strike mill, lies within the ‘Gold Brick District’ of the Colorado mineral belt, which has historically produced more than 25 million ounces of gold.
In an interview with*DTR CEO Stephen Baghdadi said unlike other projects, the gold zones at Gold Links can be regarded as “incremental ounces” in that they don’t require a material investment to commit to mining.
This means a substantial gold inventory and numerous studies to justify financing and a development decision is not required.
“With underground development, a fully permitted mill and other infrastructure in place, all that really needs to be considered is the operating costs of extracting and processing the mineralised sections as they are drilled out,” he said.
“Our plan was to begin the development of about 1km of underground access-ways in 2020 but due to the pandemic the plans had to be suspended until June 2021.
“We used the delay to plan a 4,000-metre underground drill program to get an even better understanding of the gold grade distribution within the vein system.”
The knowledge gained from the drilling program, the establishment of a second escape-way and the fact the company has a fully permitted mill ready to go, has allowed Dateline to accelerate production plans.
Dateline Resources has $4.5m cash in the bank.
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 14 Feb
Short Term Trading Week Starting: 14 Feb, page-6
-
-
- There are more pages in this discussion • 111 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)