Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company primarily focused on gold mining and exploration in Colorado, United States of America.
The company owns permitted gold mining projects in Colorado USA including two permitted ore processing facilities.
Dateline properties cover a number of high-grade narrow vein ore-bodies.
Multiple vein structures have been identified over a strike length of 3.6km (2.2 miles) and are most likely a part of the same large mineralised system.
Dateline owns approximately 2000 acres of freehold land in Gunnison County, Colorado. This region is part of the ‘Gold Brick District’ of the Colorado Mineral Belt.
USA law recognises the owner of freehold land as the owner of all the mineral rights located on that land. Investing in permitted mineralised freehold land in the USA is therefore very appealing, as it removes leasehold commitments such as rent fees and minimum annual expenditure programs, regardless of any changes to the investment climate.
Dateline’s ownership of the 2000 acres of freehold guarantees the security of tenure of the in-situ mineral resources.
The Colorado Mineral Belt has produced over 25,000,000 ounces of gold and yet no new significant exploration or precious metal mining activity has occurred in the state of Colorado since the Summitville disaster of 1992 (26 years ago).
The region has yet to see the benefits of improved mining practices and advanced exploration and production technologies.
Colorado Assets – systematic exploration using modern technologies
Dateline has consolidated ownership of the land in the Gold Brick District previously held by the Reynolds and Gydesen interests.
Dateline believes there are more ounces of gold left in the ground than the ~300,000 ounces of known production that occurred sporadically from the 1880’s to 1982.
Modern Exploration Technologies
A program to digitise all of the old maps and working reports is currently underway. When completed, the digitised data including assay results from surface samples will be used in conjunction with a 3D seismic survey of the area planned for the northern hemisphere summer.
The objective of the program is to detect potential high-grade shoots of the numerous veins and better understand the overall distribution of the shoots within this mineralised system.
Work on the 2150 vein on the Gold Links property in 2017 has demonstrated that the high-grade gold shoots are associated with heavy sulphide (galena and pyrite) with the remainder of the vein being quartz and carbonate. This mineral density contrast should make any mineralised shoots clearly evident in a 3D seismic survey. The surface projections of the known veins are expressed as changes in contour of the topography.
February 2018 Exploration results include
1.9m @ 80.0 g/t Gold equivalent
2.2m @ 34.8 g/t Gold equivalent
1.3m @ 36.6 g/t Gold equivalent
1.9m @ 29.7 g/t Gold equivalent
0.9m @ 35.4 g/t Gold equivalent
0.3m @ 223 g/t Gold equivalent
Map below:
Dateline’s combined freehold landholding in the district hosts the Gold Links, Raymond and Carter mines (red lines) and the map of the old workings (blue lines).
The area in between has been lightly explored predominantly from surface between 50 and 100 years ago.
This is the first time these properties have been owned by a single company.
