Welcome to our dedicated page for Dakota Gold news (Ticker: DC), a resource for investors and traders seeking the latest updates and insights on Dakota Gold stock.
Dakota Gold Corp. (NYSE American: DC) is a gold exploration and development company based in Lead, South Dakota. Focused on revitalizing the historic Homestake District, Dakota Gold has consolidated over 48,000 acres of high-caliber gold mineral properties, making it a key player in the region’s mining industry.
The company is dedicated to discovering new gold resources and developing its existing assets, particularly within the Richmond Hill Gold Project and the Maitland Gold Project. At Richmond Hill, the company recently discovered high-grade rare earth elements (REE) such as neodymium and praseodymium, which are essential for high-tech applications like renewable energy and defense technologies. This significant find underscores the potential for co-production of valuable commodities alongside gold, adding substantial project value.
Recent drilling results at Richmond Hill have been promising, with assays revealing strong gold and silver mineralization. The company has initiated an extensive evaluation of REE distribution and mineralogy to assess their economic impact. Richmond Hill's resource estimate, compliant with S-K 1300 regulation, is expected to be completed by Q1 2024. This milestone will provide a clearer picture of the project's potential.
Another focal point is the Maitland Gold Project, where the company has identified both Tertiary epithermal gold mineralization near the surface and Precambrian Homestake Mine-style mineralization at depth. Notably, the JB Gold Zone at Maitland has delineated three distinct ledges of high-grade gold mineralization, similar to the historic West Ledge system of the Homestake Mine. This area continues to show strong potential for significant gold discoveries.
Financially, Dakota Gold maintains a robust exploration program with four drills active across its properties. The company's strategic land holdings, historical data, and modern exploration techniques position it well for future success.
For ongoing updates, shareholders and investors can subscribe to Dakota Gold's e-mail list via their website.
Dakota Gold Corp. (NYSE American: DC) has announced positive drill results from seventeen holes in its ongoing infill program at the Richmond Hill Gold Project. The program aims to expand the maiden resource announced in April 2024, which included an Indicated Resource of 51.83 Mt at 0.80 g/t Au (1.33M ounces) and an Inferred Resource of 58.06 Mt at 0.61 g/t Au (1.13M ounces).
Notable intersections include 1.15 g/t Au over 51.7 meters and 0.96 g/t Au over 41.5 meters. The company plans to include 88 new drill holes totaling 17,000 meters in an updated S-K 1300 resource estimate in Q1 2025, followed by an Initial Assessment with cash flow analysis in Q2 2025.
Dakota Gold Corp. (NYSE American: DC) announces the appointment of Robert Quartermain as President and CEO, effective immediately, replacing Jonathan Awde who resigned from his positions. Dr. Quartermain, currently Co-Chairman and largest individual shareholder, brings extensive experience in resource development. The company's priorities include advancing the Richmond Hill project through feasibility study and developing the gold potential at the Maitland project. Dr. Stephen O'Rourke transitions to Managing Director, while Amy Koenig becomes Independent Lead Director. The company plans to search for a permanent CEO successor.
Dakota Gold Corp. (NYSE American: DC) has announced promising results from its exploration drilling at the Maitland Gold Project in South Dakota. The company has expanded the Unionville Zone's Tertiary epithermal gold mineralization, with the target extension strike now confirmed to extend for at least 2,000 meters, and potentially up to 3,000 meters including rock chip samples.
Key highlights include:
- Drill hole MA24C-053: 2.85 g/t Au over 13.7 meters and 1.44 g/t Au over 23.0 meters
- Drill hole MA24C-048: Multiple gold mineralization sections, including 4.34 g/t Au over 7.0 meters
- Drill hole MA24C-047: 4.73 g/t Au over 3.6 meters, extending mineralization 200 meters past the previous step-out
The Tertiary epithermal gold mineralization remains open in all directions at Maitland, indicating potential for further expansion.
Dakota Gold Corp. (NYSE American: DC) has released its 2023 Sustainability Report, highlighting the company's ESG strategy and performance in the Homestake District of South Dakota. Key achievements include:
• Three years with zero lost time incidents
• Zero reportable environmental incidents since starting drill programs in early 2022
• Significant team growth while maintaining high health and safety standards
The report emphasizes Dakota Gold's commitment to health and safety, environmental stewardship, and sustainable regional development. CEO Jonathan Awde expressed pride in these accomplishments, which extend beyond exploration discoveries. The company focuses on revitalizing the Homestake District in Lead, South Dakota, with gold mineral properties covering over 48,000 acres around the historic Homestake Mine.
Dakota Gold Corp. (NYSE American: DC) has announced significant drilling results from the Unionville Zone at the Maitland Gold Project in South Dakota. The latest drill holes revealed substantial Tertiary epithermal gold mineralization, including intersections of 3.33 grams/tonne gold over 9.9 meters and 1.51 grams/tonne gold over 19.1 meters, alongside other notable findings. This follows previous high-grade discoveries in the same zone. The Unionville Zone shows potential for extensive mineralization over a strike length greater than 3,000 meters, which remains open in both directions. Dakota Gold is conducting three drilling programs, focusing on different styles of gold mineralization. The company aims to explore both shallow and deeper gold deposits within the same exploration holes, enhancing operational efficiency and potential yields.
Dakota Gold Corp. (NYSE American: DC) has successfully concluded the first tranche of a strategic investment from Orion Mine Finance, amounting to $6 million. Combined with an additional $7 million raised through the Company's at-the-market offering program, the total gross proceeds reached $13 million. The funds are expected to support Dakota Gold's ongoing projects and operational activities. This announcement follows a prior news release dated June 26, 2024, detailing these financial movements.
Dakota Gold Corp. (NYSE American: DC) announced a $6 million investment from Orion Mine Finance entities. This investment will increase Orion's stake in Dakota Gold to approximately 9.9%. The deal involves the purchase of 2,344,836 shares at $2.50 per share. An additional investment up to $8.8 million is possible, subject to market conditions. The equity investment will be registered under the Securities Act of 1933 and is expected to close around July 3, 2024. Additionally, a royalty agreement will be established, giving Orion a 1% net smelter returns royalty over certain Dakota Gold properties in exchange for $182,758.20.
Dakota Gold Corp. (NYSE American: DC) has announced significant high-grade gold mineralization at its Maitland Gold Project in South Dakota, targeting Homestake Mine-style deposits.
Key highlights include drill hole MA24C-050 with 9.46 grams/tonne (g/t) gold over 6.4 meters in the 36 Ledge. This marks a important intersection 66.1 meters north and 51.2 meters above a previous high-grade discovery.
Other significant drill results include MA23C-024A with 4.70 g/t gold over 6.7 meters and MA24C-049 showing 10.85 g/t gold over 1.5 meters.
Drilling has progressed from wider to tighter spacing to delineate mineralization, with ongoing exploration aiming to uncover deeper, potentially richer gold deposits akin to the historic Homestake Mine.
Four drill rigs are currently active, focusing on three main projects: JB Gold Zone, Unionville Zone, and Richmond Hill Gold Project.
Dakota Gold Corp. (NYSE American: DC) announced notable drill results from its Maitland Gold Project in South Dakota. The company intercepted 3.94 grams per tonne (g/t) gold over 9.3 meters from a step-out hole, indicating the presence of extensive Tertiary epithermal gold mineralization. Additional drill holes in the Unionville Zone reported higher-grade intercepts, including 4.08 g/t over 2.7 meters and 7.37 g/t over 1 meter. The Unionville Zone target extension could potentially extend over 3,000 meters. Dakota Gold's exploration efforts highlight substantial gold mineralization throughout various geological sequences, with potential for future economic development.
Dakota Gold announced the results of its annual shareholder meeting held on May 14, 2024. The meeting saw 66.65% of total shares represented. Key resolutions included the election of directors, with Gerald Aberle and Jonathan Awde receiving over 99% support. Shareholders also ratified Ernst & Young LLP as auditors for 2024 with 99.90% approval and approved the company's reincorporation from Nevada to Delaware with 98.85% support.
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