on Dateline Resources Limited (NASDAQ:DTREF)
Dateline Resources Launches Exploration at Colosseum Project
Dateline Resources Limited has initiated a comprehensive exploration program at its Colosseum Gold and Rare Earth Elements (REE) Project in San Bernardino County, California. This move underscores the company's focus on maximizing the site's potential within the mineral-rich Walker Lane Trend. Currently, a 1,207-sample geochemical survey is underway, aiming to reveal gold and REE deposits in key areas.
Concurrently, a magneto telluric survey is set to map geological features across the claim area, with the results anticipated soon. The project also contemplates a ground-based magnetic survey to identify buried structures and refine drilling targets. The Colosseum Project boasts a JORC-compliant estimate of 27.1 million tonnes at 1.26 g/t gold, open at depth.
With the recent surge in gold prices and increased demand for REEs, Dateline sees strategic potential in the Colosseum site, bolstering the U.S. critical mineral supply chain.
R. E.
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