
2 minute read
Dateline Resources
STEPHEN BAGHDADI
MANAGING DIRECTOR
(ASX:DTR)
◾ Company Name: Dateline Resources ◾ Company ASX code: DTR ◾ Key Commodities: Gold, rare earth elements ◾ Key Personnel: Stephen Baghdadi, Managing Director and CEO | Mark Johnson AO, Non-Executive Chairman ◾ Locations: North America ◾ Market Cap as of 15/08/22: $49.57M ◾ FY22 Share price range – Low/High: $0.073 / $0.160 ◾ Company Website: datelineresources.com.au COMPANY PROFILE
Dateline Resources is an Australian ASX-listed company focused predominantly on gold and rare earth exploration in North America.
The company listed in 2011 and has several jewels in its crown. Dateline owns 100% of the Colosseum Gold Mine in California and the Gold Links/ Green Mountain Projects in Colorado.
In 2021, Dateline acquired Colosseum Gold Mine in the Walker Lane Trend in East San Bernardino County, California.
The Walker Lane Trend hosts substantial discoveries including the 1.7 million ounce Mother Lode Deposit and the 6.5 million ounce Castle Mountain gold mine.
Colosseum previously produced around 344,000 ounces of gold from 1988-1993, with significant potential for more.
Dateline recently intersected a colossal 100m intercept grading 4.16g/t gold from a down-hole depth of 79.24m at Colosseum.
Furthermore, Dateline Resources released a mineral resource estimate for Colosseum of 20.9Mt at 1.2g/t gold for 813,000oz.
Of the total mineral resource, 258,000oz at 1.2g/t (32%) are classified as measured, 322,000oz at1.2g/t (39%) as indicated and 235,000oz at 1.3g/t (29%) as inferred.
Additionally, Dateline is confident that a significant rare earths system is present within Colosseum.
Technical studies found multiple fenite dyke outcrops over a 1.6km strike, suggesting presence of underlying alkaline carbonatite, a type of rock known to host some of the world’s largest rare earth element deposits.
Colosseum is located less than 10km from the Mountain Pass rare earth mine, the richest and only operating rare earth mine in the United States.
Gold Links is an historic high-grade gold mining project in what is known as Gold Brick District, where more than 150,000 ounces of gold was mined from high-grade veins.
Mineralisation can be traced on surface and underground for almost 6km from the northern to southern sections of Gold Links, which Dateline purchased in 2016.
Following a successful development and underground exploration program in 2021, the Board made the decision to commence ore mining in early 2022.
Ore is transported 50km to the Company’s Lucky Strike mill, where it is processed into a gold-silver concentrate for sale.
The plant is currently being upgraded to 250tpd, allowing the company to realise better economies of scale.
KEY INVESTMENT HIGHLIGHTS
AUGUST 3, 2022: Dateline confident a substantial rare earths system is present within its Colosseum project, where work has historically focused on its gold endowment. JULY 6, 2022: Dateline Resources releases a mineral resource estimate for its Californian Colosseum project of 20.9Mt at 1.2g/t gold for 813,000oz. JUNE 6, 2022: Dateline intersects 100m intercept grading 4.16g/t gold from a downhole depth of 79.24m at its Colosseum project in California.