Dakota Gold Corp. Announces Additional Positive Drill Results from Infill Program at Richmond Hill Gold Project
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) ha annunciato risultati positivi da diciassette fori nel suo programma di infill in corso presso il Richmond Hill Gold Project. L'obiettivo del programma è espandere la risorsa primaria annunciata nell'aprile 2024, che includeva una Risorsa Indicata di 51,83 Mt a 0,80 g/t Au (1,33 milioni di once) e una Risorsa Inferenziale di 58,06 Mt a 0,61 g/t Au (1,13 milioni di once).
Le intersezioni notevoli includono 1,15 g/t Au per 51,7 metri e 0,96 g/t Au per 41,5 metri. L'azienda prevede di includere 88 nuovi fori di perforazione per un totale di 17.000 metri in una stima aggiornata delle risorse S-K 1300 nel primo trimestre del 2025, seguita da una Valutazione Iniziale con analisi del flusso di cassa nel secondo trimestre del 2025.
Dakota Gold Corp. (NYSE American: DC) ha anunciado resultados positivos de perforación de diecisiete agujeros en su programa de relleno en curso en el Richmond Hill Gold Project. El programa tiene como objetivo expandir el recurso inicial anunciado en abril de 2024, que incluía un Recurso Indicado de 51.83 Mt a 0.80 g/t Au (1.33 millones de onzas) y un Recurso Inferido de 58.06 Mt a 0.61 g/t Au (1.13 millones de onzas).
Las intersecciones notables incluyen 1.15 g/t Au sobre 51.7 metros y 0.96 g/t Au sobre 41.5 metros. La empresa planea incluir 88 nuevos agujeros de perforación que suman 17,000 metros en una estimación de recursos S-K 1300 actualizada en el primer trimestre de 2025, seguida de una Evaluación Inicial con análisis de flujo de efectivo en el segundo trimestre de 2025.
다코타 골드 콥(Dakota Gold Corp. NYSE American: DC)가 리치몬드 힐 골드 프로젝트에서 진행 중인 인필 프로그램의 17개 홀에서 긍정적인 드릴 결과를 발표했습니다. 이 프로그램의 목표는 2024년 4월 발표된 초기 자원을 확장하는 것으로, 여기에는 51.83 Mt의 0.80 g/t Au (1.33 백만 온스)의 지표 자원과 58.06 Mt의 0.61 g/t Au (1.13 백만 온스)의 추정 자원이 포함됩니다.
주목할 만한 교차점으로는 51.7미터에서 1.15 g/t Au와 41.5미터에서 0.96 g/t Au가 있습니다. 이 회사는 2025년 1분기에 업데이트된 S-K 1300 자원 추정에서 17,000미터에 걸쳐 88개의 새로운 드릴 홀을 포함할 계획이며, 2025년 2분기에는 현금 흐름 분석을 포함한 초기 평가를 진행할 예정입니다.
Dakota Gold Corp. (NYSE American: DC) a annoncé des résultats de forage positifs provenant de dix-sept puits dans son programme de remplissage en cours au Richmond Hill Gold Project. Ce programme vise à étendre la ressource initiale annoncée en avril 2024, qui comprenait une ressource indiquée de 51,83 Mt à 0,80 g/t Au (1,33 million d'onces) et une ressource inférée de 58,06 Mt à 0,61 g/t Au (1,13 million d'onces).
Les interceptions notables comprennent 1,15 g/t Au sur 51,7 mètres et 0,96 g/t Au sur 41,5 mètres. La société prévoit d'inclure 88 nouveaux trous de forage totalisant 17 000 mètres dans une estimation des ressources S-K 1300 mise à jour au premier trimestre 2025, suivie d'une évaluation initiale avec analyse des flux de trésorerie au deuxième trimestre 2025.
Dakota Gold Corp. (NYSE American: DC) hat positive Bohrergebnisse aus siebzehn Löchern im laufenden Infill-Programm im Richmond Hill Gold Project bekannt gegeben. Das Programm zielt darauf ab, die im April 2024 angekündigte erstmalige Ressource zu erweitern, die eine angezeigte Ressource von 51,83 Mt bei 0,80 g/t Au (1,33 Millionen Unzen) und eine geschätzte Ressource von 58,06 Mt bei 0,61 g/t Au (1,13 Millionen Unzen) beinhaltete.
Bemerkenswerte Schnittpunkte umfassen 1,15 g/t Au über 51,7 Meter und 0,96 g/t Au über 41,5 Meter. Das Unternehmen plant, 88 neue Bohrlöcher mit insgesamt 17.000 Metern in eine aktualisierte S-K 1300-Ressourcenschätzung im ersten Quartal 2025 aufzunehmen, gefolgt von einer Erstbewertung mit Cashflow-Analyse im zweiten Quartal 2025.
- Initial infill drill results show consistent gold mineralization with maiden resource
- Resource remains open in all directions with expansion potential
- High-grade intersections including 1.15 g/t Au over 51.7 meters
- 88 new drill holes totaling 17,000 meters to be included in updated resource
- Additional potential from silver incorporation and metallurgical improvements
- None.
Insights
The drill results from Richmond Hill Gold Project demonstrate positive expansion potential for the existing resource. Key findings show consistent gold grades with previous drilling, including notable intersections of
The infill drilling program is strategically targeting gaps in the original block model, suggesting potential for resource expansion. The mineralization remains open in all directions, with opportunities for step-out drilling. The planned Initial Assessment in Q2 2025 with cash flow analysis will provide important economic insights for investors.
Lead, South Dakota--(Newsfile Corp. - November 4, 2024) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to announce drill results from the initial seventeen holes from the larger-ongoing infill drill program to expand the maiden resource at the Richmond Hill Gold Project ("Richmond Hill"). The results from the infill drill program will be incorporated into an updated S-K 1300 Initial Assessment ("Initial Assessment or Report") in Q1 2025. The maiden S-K 1300 resource, which was announced on April 30, 2024 outlined an Indicated Resource of 51.83 million tonnes (Mt) at 0.80 grams per tonne gold (g/t Au) for 1.33 million ounces and Inferred Resource of 58.06 million tonnes (Mt) at 0.61 grams per tonne gold (g/t Au) for 1.13 million ounces.
Highlights:
- The initial infill drill results have encountered further gold mineralization from the central portion of the Richmond Hill resource area, consistent with results reported in our maiden resource. This drilling was conducted in areas where the original resource block model contained gaps, supporting our belief that the initial resource could be significantly expanded with additional infill drilling.
Highlighted intersections include:
- RH24C-077 intersected - 0.76 g/t Au over 24.4 meters
- RH24C-083 intersected - 0.70 g/t Au over 13.8 meters
- RH24C-085 intersected - 1.10 g/t Au over 17.9 meters
- RH24C-088A intersected - 0.96 g/t Au over 41.5 meters
- RH24C-099 intersected - 1.15 g/t Au over 51.7 meters
- The resource remains open in all directions and has potential for improvement with additional drilling, metallurgical work to improve recoveries, and incorporation of silver in the resource. To this point, our 2024 program has focused on infill drilling. We continue to have significant opportunities to step-out with expansion drilling now currently in progress at Richmond Hill.
- An updated S-K 1300 resource estimate is planned for Q1 2025 and a S-K 1300 Initial Assessment with cash flow analysis is planned for Q2 2025. We expect to include an additional 88 new drill holes totaling 17,000 meters in the updated resource.
James Berry, VP of Exploration said, "We are very pleased to see that initial results from our infill drill program are adding ounces to our current S-K 1300 resource. The results to date show grades and widths consistent with drill holes in the original block model, and support an expansion of gold mineralization including shallow oxide mineralization. We look forward to continuing our infill program on the other zones identified in our Initial Assessment for follow up drilling."
Table 1. Released Drill Results (Metric / Imperial)1,2
| Hole # | From | To | Depth | Interval* | Gold | From | To | Depth | Interval* | Gold | Mineral Type | g x m |
| m | m | m | m | g/t | ft | ft | ft | ft | oz/ton | |||
| RH24C-075 | 14.8 | 20.1 | 16 | 5.4 | 2.07 | 48.5 | 66.1 | 51.0 | 17.6 | 0.060 | Tert | 11 |
| 38.4 | 41.6 | 39 | 3.2 | 0.81 | 126.0 | 136.4 | 128.0 | 10.4 | 0.024 | Tert | 3 | |
| 157.2 | 160.9 | 157 | 3.7 | 1.57 | 515.8 | 527.8 | 516.0 | 12.0 | 0.046 | Tert | 6 | |
| 166.7 | 170.7 | 166 | 4.0 | 1.10 | 547.0 | 560.1 | 545.0 | 13.1 | 0.032 | Tert | 4 | |
| 182.5 | 185.8 | 181 | 3.3 | 0.57 | 598.7 | 609.5 | 594.0 | 10.8 | 0.017 | Tert | 2 | |
| 190.4 | 198.2 | 188 | 7.8 | 0.54 | 624.8 | 650.4 | 617.0 | 25.6 | 0.016 | Tert | 4 | |
| 208.1 | 213.5 | 206 | 5.4 | 1.51 | 682.9 | 700.5 | 675.0 | 17.6 | 0.044 | Tert | 8 | |
| 220.5 | 223.0 | 217 | 2.4 | 1.30 | 723.5 | 731.5 | 712.0 | 8.0 | 0.038 | TꞒd | 3 | |
| RH24C-076 | 82.5 | 89.0 | 63 | 6.4 | 1.10 | 270.8 | 291.9 | 207.0 | 21.1 | 0.032 | TꞒd | 7 |
| 178.0 | 185.4 | 133 | 7.4 | 2.02 | 583.9 | 608.2 | 437.0 | 24.3 | 0.059 | TꞒd / Tert | 15 | |
| 226.7 | 233.8 | 177 | 7.2 | 0.69 | 743.7 | 767.2 | 581.0 | 23.5 | 0.020 | TꞒd / TBx | 5 | |
| 238.7 | 244.7 | 187 | 6.0 | 0.95 | 783.2 | 802.9 | 615.0 | 19.7 | 0.028 | TꞒd | 6 | |
| RH24C-077 | 41.6 | 66.1 | 29 | 24.4 | 0.76 | 136.6 | 216.7 | 96.0 | 80.1 | 0.022 | TꞒd | 19 |
| 77.5 | 80.4 | 48 | 2.9 | 0.74 | 254.4 | 263.8 | 156.0 | 9.4 | 0.021 | Tert | 2 | |
| 112.1 | 117.2 | 66 | 5.2 | 0.83 | 367.7 | 384.6 | 218.0 | 16.9 | 0.024 | TꞒd | 4 | |
| RH24C-078 | 0.0 | 3.0 | 0 | 3.0 | 0.61 | 0.0 | 9.7 | 0.0 | 9.7 | 0.018 | TꞒd | 2 |
| 11.2 | 13.9 | 13 | 2.7 | 0.88 | 36.7 | 45.6 | 43.0 | 8.9 | 0.026 | Tert | 2 | |
| RH24C-079 | 145.2 | 148.1 | 152 | 2.9 | 0.90 | 476.3 | 485.9 | 499.0 | 9.6 | 0.026 | TpꞒ | 3 |
| 173.5 | 177.7 | 178 | 4.2 | 0.84 | 569.3 | 583.1 | 583.0 | 13.8 | 0.024 | TBx | 4 | |
| 181.1 | 184.4 | 185 | 3.3 | 1.51 | 594.3 | 605.0 | 606.0 | 10.7 | 0.044 | TBx | 5 | |
| 212.0 | 218.6 | 191 | 6.6 | 0.49 | 695.4 | 717.2 | 625.0 | 21.8 | 0.014 | TBx | 3 | |
| 222.8 | 230.2 | 223 | 7.4 | 0.65 | 731.1 | 755.3 | 732.0 | 24.2 | 0.019 | TBx | 5 | |
| 244.7 | 248.2 | 243 | 3.5 | 0.62 | 802.9 | 814.3 | 796.0 | 11.4 | 0.018 | TBx | 2 | |
| 317.3 | 328.9 | 287 | 11.6 | 0.68 | 1041.0 | 1079.2 | 942.0 | 38.2 | 0.020 | TBx / TpꞒ | 8 | |
| 370.6 | 379.3 | 308 | 8.7 | 0.76 | 1216.0 | 1244.5 | 1012.0 | 28.5 | 0.022 | TBX | 7 | |
| RH24C-080 | 154.4 | 158.2 | 164 | 3.7 | 0.92 | 506.6 | 518.9 | 537.0 | 12.3 | 0.027 | TpꞒ | 3 |
| 231.5 | 236.1 | 247 | 4.6 | 0.51 | 759.4 | 774.5 | 811.0 | 15.1 | 0.015 | TBx | 2 | |
| 245.1 | 251.1 | 261 | 6.1 | 0.74 | 804.0 | 823.9 | 856.0 | 19.9 | 0.022 | TpꞒ | 4 | |
| 254.9 | 258.8 | 271 | 3.9 | 0.67 | 836.4 | 849.1 | 889.0 | 12.7 | 0.019 | TpꞒ | 3 | |
| RH24C-081 | 131.9 | 140.2 | 135 | 8.3 | 0.75 | 432.7 | 460.0 | 443.0 | 27.3 | 0.022 | TpꞒ | 6 |
| 162.8 | 184.1 | 164 | 21.3 | 0.52 | 534.0 | 604.0 | 537.0 | 70.0 | 0.015 | TpꞒ | 11 | |
| RH24C-082 | 5.2 | 10.1 | 5 | 4.9 | 0.45 | 17.0 | 33.0 | 18.0 | 16.0 | 0.013 | TꞒd / Tert | 2 |
| 92.1 | 99.6 | 91 | 7.5 | 1.08 | 302.1 | 326.7 | 299.0 | 24.6 | 0.032 | TpꞒ | 8 | |
| 115.7 | 128.7 | 114 | 13.0 | 0.56 | 379.7 | 422.4 | 373.0 | 42.7 | 0.016 | TpꞒ | 7 | |
| 149.6 | 156.6 | 148 | 7.1 | 1.01 | 490.7 | 513.9 | 485.0 | 23.2 | 0.030 | TpꞒ | 7 | |
| 287.7 | 291.3 | 286 | 3.6 | 0.82 | 944.0 | 955.7 | 938.0 | 11.7 | 0.024 | TpꞒ | 3 | |
| 313.5 | 319.2 | 308 | 5.7 | 1.03 | 1028.5 | 1047.2 | 1012.0 | 18.7 | 0.030 | TBx | 6 | |
| 361.8 | 364.5 | 356 | 2.7 | 0.56 | 1187.0 | 1196.0 | 1168.0 | 9.0 | 0.016 | TpꞒ | 2 | |
| RH24C-083 | 70.1 | 83.9 | 42 | 13.8 | 0.70 | 230.0 | 275.2 | 139.0 | 45.2 | 0.020 | TpꞒ /Tert | 10 |
| 93.1 | 95.8 | 54 | 2.7 | 1.44 | 305.4 | 314.4 | 176.0 | 9.0 | 0.042 | TpꞒ | 4 | |
| RH24C-084 | 24.1 | 29.2 | 10 | 5.1 | 0.57 | 79.2 | 95.9 | 33.0 | 16.7 | 0.017 | TpꞒ /Tert | 3 |
| 97.0 | 100.3 | 45 | 3.3 | 0.82 | 318.3 | 329.0 | 147.0 | 10.7 | 0.024 | TpꞒ | 3 | |
| 180.4 | 185.4 | 69 | 5.0 | 0.56 | 592.0 | 608.3 | 228.0 | 16.3 | 0.016 | TpꞒ /Tert | 3 | |
| 192.7 | 197.0 | 80 | 4.3 | 0.62 | 632.2 | 646.3 | 262.0 | 14.1 | 0.018 | TpꞒ | 3 | |
| 208.0 | 214.4 | 92 | 6.4 | 0.93 | 682.3 | 703.4 | 303.0 | 21.1 | 0.027 | TpꞒ | 6 | |
| RH24C-085 | 29.4 | 38.3 | 23 | 9.0 | 0.81 | 96.4 | 125.8 | 77.0 | 29.4 | 0.023 | TBx | 7 |
| 43.3 | 46.0 | 35 | 2.7 | 1.19 | 142.0 | 150.8 | 115.0 | 8.8 | 0.035 | TBx | 3 | |
| 72.1 | 90.0 | 54 | 17.9 | 1.10 | 236.5 | 295.3 | 176.0 | 58.8 | 0.032 | TBx | 20 | |
| 115.3 | 132.2 | 82 | 16.9 | 0.96 | 378.3 | 433.6 | 270.0 | 55.3 | 0.028 | TBx | 16 | |
| 142.0 | 147.4 | 100 | 5.4 | 0.81 | 466.0 | 483.6 | 327.0 | 17.6 | 0.024 | TpꞒ | 4 | |
| 162.9 | 170.9 | 112 | 8.0 | 0.77 | 534.5 | 560.7 | 367.0 | 26.2 | 0.022 | TpꞒ | 6 | |
| 231.5 | 236.3 | 156 | 4.8 | 0.94 | 759.4 | 775.3 | 511.0 | 15.9 | 0.027 | Tert | 5 | |
| 241.0 | 244.3 | 162 | 3.2 | 0.60 | 790.8 | 801.4 | 530.0 | 10.6 | 0.017 | TpꞒ | 2 | |
| RH24C-086 | 21.3 | 33.1 | 16 | 11.8 | 0.64 | 69.8 | 108.6 | 53.0 | 38.8 | 0.019 | TꞒd | 8 |
| 83.4 | 86.7 | 56 | 3.3 | 0.51 | 273.6 | 284.5 | 184.0 | 10.9 | 0.015 | TBx | 2 | |
| 195.9 | 206.7 | 102 | 10.7 | 0.63 | 642.8 | 678.0 | 334.0 | 35.2 | 0.018 | TꞒd / TBx | 7 | |
| 223.7 | 227.1 | 107 | 3.4 | 0.73 | 734.0 | 745.0 | 352.0 | 11.0 | 0.021 | TBx | 2 | |
| 238.2 | 243.1 | 119 | 4.9 | 2.46 | 781.4 | 797.5 | 389.0 | 16.1 | 0.072 | TpꞒ | 12 | |
| 252.8 | 256.1 | 121 | 3.4 | 0.88 | 829.3 | 840.3 | 398.0 | 11.0 | 0.026 | TpꞒ | 3 | |
| 291.7 | 295.3 | 139 | 3.5 | 1.07 | 957.1 | 968.7 | 456.0 | 11.6 | 0.031 | TpꞒ | 4 | |
| RH24C-087 | 10.7 | 13.7 | 11 | 3.0 | 1.94 | 35.1 | 44.9 | 36.0 | 9.8 | 0.056 | TꞒd | 6 |
| 28.5 | 35.4 | 27 | 6.9 | 0.80 | 93.4 | 116.0 | 90.0 | 22.6 | 0.023 | TꞒd | 6 | |
| 153.3 | 159.1 | 109 | 5.8 | 0.68 | 503 | 522.1 | 356.0 | 19.1 | 0.020 | TBx | 4 | |
| 185.2 | 197.8 | 125 | 12.5 | 0.63 | 607.7 | 648.8 | 410.0 | 41.1 | 0.018 | Tert | 8 | |
| 216.9 | 238.4 | 141 | 21.5 | 0.77 | 711.5 | 782.0 | 464.0 | 70.5 | 0.023 | TBx | 17 | |
| 278.4 | 282.8 | 173 | 4.4 | 0.71 | 913.4 | 927.7 | 567.0 | 14.3 | 0.021 | TBx | 3 | |
| 322.4 | 338.4 | 199 | 16.0 | 1.78 | 1057.9 | 1110.4 | 652.0 | 52.5 | 0.052 | TBx | 29 | |
| RH24C-088 | 175.3 | 178.5 | 109 | 3.1 | 2.62 | 575.2 | 585.5 | 359.0 | 10.3 | 0.076 | TBx | 8 |
| RH24C-088A | 187.7 | 205.2 | 112.8 | 17.4 | 0.67 | 615.9 | 673.1 | 370.0 | 57.2 | 0.020 | TBx | 12 |
| 270.6 | 274.9 | 143.3 | 4.3 | 0.53 | 887.8 | 902.0 | 470.0 | 14.2 | 0.015 | TpꞒ | 2 | |
| 287.3 | 328.8 | 146.3 | 41.5 | 0.96 | 942.5 | 1078.8 | 480.0 | 136.3 | 0.028 | TpꞒ / TBx | 40 | |
| 332.4 | 346.0 | 155.4 | 13.5 | 1.11 | 1090.7 | 1135.1 | 510.0 | 44.4 | 0.032 | TBx | 15 | |
| RH24C-099 | 3.2 | 6.2 | 2.4 | 3.0 | 0.56 | 10.5 | 20.5 | 8.0 | 10 | 0.016 | Tert | 2 |
| 9.1 | 12.3 | 6.7 | 3.3 | 0.64 | 29.7 | 40.5 | 22.0 | 10.8 | 0.019 | Tert | 2 | |
| 30.0 | 32.8 | 20.7 | 2.8 | 0.85 | 98.4 | 107.7 | 68.0 | 9.3 | 0.025 | TpꞒ | 2 | |
| 49.1 | 60.0 | 34.4 | 10.9 | 0.90 | 161.1 | 196.8 | 113.0 | 35.7 | 0.026 | TpꞒ | 10 | |
| 84.9 | 88.1 | 54.3 | 3.2 | 0.61 | 278.7 | 289.2 | 178.0 | 10.5 | 0.018 | TpꞒ | 2 | |
| 93.5 | 105.8 | 59.4 | 12.3 | 0.65 | 306.6 | 347.0 | 195.0 | 40.4 | 0.019 | TpꞒ | 8 | |
| 109.1 | 112.5 | 70.1 | 3.4 | 0.96 | 358.0 | 369.0 | 230.0 | 11.0 | 0.028 | TpꞒ | 3 | |
| 122.4 | 127.3 | 78.6 | 4.8 | 0.70 | 401.7 | 417.6 | 258.0 | 15.9 | 0.021 | TpꞒ | 3 | |
| 132.9 | 184.6 | 85.6 | 51.7 | 1.15 | 436.1 | 605.8 | 281.0 | 169.7 | 0.034 | TpꞒ | 60 | |
| 186.4 | 195.0 | 122.8 | 8.6 | 0.80 | 611.4 | 639.7 | 403.0 | 28.3 | 0.023 | TBx | 7 | |
| 199.2 | 215.0 | 133.8 | 15.8 | 1.70 | 653.5 | 705.5 | 439.0 | 52.0 | 0.050 | TpꞒ | 27 | |
| 219.0 | 226.6 | 145.4 | 7.6 | 0.79 | 718.6 | 743.6 | 477.0 | 25 | 0.023 | TpꞒ | 6 | |
| RH24C-101 | 24.7 | 31.5 | 17.7 | 6.8 | 0.84 | 81.1 | 103.5 | 58.0 | 22.4 | 0.024 | TpꞒ | 6 |
| 40.8 | 43.3 | 29.6 | 2.6 | 2.22 | 133.7 | 142.2 | 97.0 | 8.5 | 0.065 | TpꞒ | 6 | |
| 54.3 | 62.3 | 39.3 | 8.0 | 0.81 | 178.2 | 204.5 | 129.0 | 26.3 | 0.023 | TpꞒ | 6 | |
| 86.9 | 92.5 | 63.1 | 5.6 | 1.10 | 285.2 | 303.5 | 207.0 | 18.3 | 0.032 | TpꞒ | 6 | |
| 98.3 | 103.0 | 71.9 | 4.7 | 1.00 | 322.4 | 337.9 | 236.0 | 15.5 | 0.029 | TpꞒ | 5 | |
| 105.8 | 107.8 | 77.4 | 2.0 | 1.02 | 347.1 | 353.7 | 254.0 | 6.6 | 0.030 | TpꞒ | 2 | |
| 112.6 | 117.3 | 82.0 | 4.7 | 0.81 | 369.3 | 384.7 | 269.0 | 15.4 | 0.024 | TpꞒ | 4 |
The table may contain rounding errors.
- Abbreviations in the table include ounces per ton ("oz/ton"); grams per tonne ("g/t"); feet ("ft"); meter ("m"); Tertiary breccia hosted mineralization ("TBx"); Cambrian Deadwood Fm hosted Tertiary mineralization ("TꞒd"); Tertiary intrusive hosted mineralization ("Tert"); and Precambrian hosted Tertiary mineralization ("TpꞒ").
- True thickness unknown.
Figure 1. Plan view of Dakota Gold Corp. Richmond Hill highlighted drill holes from infill program to update the S-K 1300 Initial Assessment.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8218/228710_420a07467438ba39_002full.jpg
The infill and step-out drilling at the Richmond Hill Gold Project to update the S-K 1300 resource estimate is one of three ongoing drill programs being advanced by the Company - the other two being Homestake Mine-style gold mineralization in the JB Gold Zone and Tertiary epithermal gold mineralization in the Unionville Zone at Maitland. The Unionville Zone at Maitland is approximately 2,100 meters east of the Richmond Hill Gold Project, which also contains Tertiary mineralization.
About Dakota Gold Corp.
The Dakota Gold team is focused on new gold discoveries and opportunities that build on the legacy of the Homestake District and its 145 years of gold mining history.
Subscribe to Dakota Gold's e-mail list at www.dakotagoldcorp.com to receive the latest news and other Company updates.
Shareholder and Investor Inquiries
For more information, please contact:
Dr. Robert Quartermain
Co-Chair, Director, President and Chief Executive Officer
Tel: +1 778-655-9638
Dr. Stephen O'Rourke
Co-Chair, Director and Managing Director
Tel: +1 605-717-2540
Carling Gaze
VP of Investor Relations and Corporate Communications
Tel: +1 605-679-7429
Email: info@dakotagoldcorp.com
Qualified Person and S-K 1300 Disclosure
James M. Berry, a Registered Member of SME and Vice President of Exploration of Dakota Gold Corp., is the Company's designated qualified person (as defined in Subpart 1300 of Regulation S-K) for this news release and has reviewed and approved its scientific and technical content.
Quality Assurance/Quality Control consists of regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Samples are submitted to the ALS Geochemistry sample preparation facility in Winnipeg, Manitoba. Gold and multi-element analyses are performed at the ALS Geochemistry laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab. Check samples are submitted to Bureau Veritas, Vancouver B.C. as an umpire laboratory. Assay results are reviewed, and discrepancies are investigated prior to incorporation into the Company database.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this news release, the words "plan," "target," "anticipate," "believe," "estimate," "intend," "potential," "will" and "expect" and similar expressions are intended to identify such forward-looking statements. Any express or implied statements contained in this announcement that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation: our expectations regarding the drilling to be completed in 2024 and 2025; our expectations for the improvement and growth of the mineral resources; the grade potential of the drilling completed after the effective date of the Initial Assessment; the timing for the updated S-K 1300 Initial Assessments to be released in 2025 or thereafter; and our overall expectation for the possibility of near-term production at the Richmond Hill project. These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. These risks and uncertainties include, among others: the execution and timing of our planned exploration activities; our use and evaluation of historic data; our ability to achieve our strategic goals; the state of the economy and financial markets generally and the effect on our industry; and the market for our common stock. The foregoing list is not exhaustive. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as updated by annual, quarterly and current reports that we file with the SEC, which are available at www.sec.gov. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law. We do not give any assurance that we will achieve our expectations.
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FAQ
What are the latest drill results from Dakota Gold's Richmond Hill Project?
When will Dakota Gold (DC) release its updated resource estimate for Richmond Hill?
What is the current resource estimate for Dakota Gold's Richmond Hill Project?
