When you think about it numbers wise ..the top 25% of the known high mineralised sedimentary breccia units gives us 1.1MOz Au = 736koz M&I resources ..
The Colosseum deposit style is a hydrothermal breccia pipe with a combination of epithermal mineralisation at the original higher levels and mesothermal mineralisation at the lower levels.
the DC drilling DTR have done to date some 3500m added gold at an average 3g/t
Even if we only see a doubling of the tons(total 54Mt) over the other 75% of the breccia and felsite units at depth one would think it would be at a min 3g/t ~ 27Mt that would add another 2.6Moz Gold resource= 3.7Moz
Latest rights issue >>
Dateline’s Managing Director, Stephen Baghdadi, commented:
“We have seen strong support from existing shareholders as well as parties interested in placing any potential shortfall from the Rights Issue. The funds from this raise will allow the Company to accelerate progress at our 1.1 million ounce Colosseum Gold Project in California
.”
When you think about it numbers wise ..the top 25% of the known...
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