Dateline Resources (ASXTR) has surged as much as +10% in afternoon trade after digging into something exciting – literally.
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Their latest 3D magnetotelluric (MT) survey has confirmed a treasure trove of high-priority rare earth element drill targets at their 100%-owned Colosseum Project in sunny San Bernardino County.
At the heart of the buzz in California is a standout feature, the 2200N Anomaly, a bold, resistive geophysical signature stretching deep underground right to the surface.
“The identification of a deep, high-resistivity feature directly beneath fenite outcrops is particularly noteworthy,” said CEO Stephen Baghdadi.
And it’s no wonder, with this anomaly potentially signalling a carbonatite intrusion – the kind known to host REE deposits.
The 2200N zone is especially intriguing, the company said, because it’s completely untested by drilling, a clean canvas with zero footprints. Fenite dykes spotted on the surface act like breadcrumbs leading to a carbonatite core below, known to carry REE-rich fluids. It’s the geological equivalent of “X marks the spot.”
The MT survey behind this discovery was no small feat: 167 data stations spread across 14 lines, each carefully measured and modelled. The result? A detailed, 3D peek beneath the surface, slicing through California’s crust to expose the secrets within.
Even better, the anomaly fits the classic carbonatite profile, a gravity high, a magnetic low, and high resistivity, just like the Mountain Pass REE deposit about 10km south. Think of it as nature’s signature for “rare earths live here.”
And it doesn’t stop at REEs either, Dateline said. The survey also lit up new gold targets, hidden beneath conductive zones and structural sweet spots.
Dateline is now gearing up for deep drilling to chase the 2200N anomaly, while a second 3D model is underway to double-check findings, the explorer told shareholders. Like a puzzle coming together, all data, geophysics, geochemistry, and mapping are being stacked to pinpoint where the company will dig next.
DTR has been trading flat at 13.8cps in afternoon trade.
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TR) has surged as much as +10% in afternoon trade after digging into something exciting – literally.
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