Lucky Strike Mine – significantly underexplored
The Lucky Strike Mine located in Gunnison County Colorado was acquired by Dateline in October 2017 and is in a significantly underexplored, yet highly prospective region.
With no systematic exploration undertaken below 50metres, there is potential to extract high-grade gold from this site over the coming years.
The Lucky Strike Mine is located approximately 20 miles (32km) from the Dateline’s 100% owned Gold Links Mine. It is a permitted Gold Mine that was last mined in 1982. Since that time no exploration work has been undertaken on the property.
Dateline owns the ~350 acres of freehold land that hosts the permitted Lucky Strike mine. On this same land holding is the historic Mineral Hill mine. The freehold property straddles the counties of Gunnison and Saguache in Colorado and has an elevation of 7900ft above sea level. The topography of this area is undulating and accessible year-round.
The Lucky Strike ore-body was accessed via a shaft down to approximately 220ft (70metres) and developed over two levels. The first level goes to 150ft (50metres) below the surface and has been mined 560ft (190metres) to the west and very little to the east. Very little work has been done below the 150ft level.
Historical production records state that ore from the Lucky Strike carried between 10-14 grams per tonne and that the ore was carried in a strong quartz vein that could be clearly identified.
The company intends on drilling to test the continuity of the Lucky Strike vein at depth. If successful, ore from the Lucky Strike could also be processed at the Lucky Strike Mill.
Mineral Hill Mine
Included in this package is the Mineral Hill Mine which is unpermitted. The previous owners let the mining permit on the Mineral Hill Mine lapse in the 1980’s. Two known veins outcrop at the surface of the Mineral Hill claims and Dateline intends to conduct surface sampling and trenching to determine if drilling is warranted.
The proximity of the Mineral Hill mine to the Lucky Strike Mill could make mining very appealing.
The company is currently reviewing all the historical data available to determine how best to develop an exploration program at both the Lucky Strike and Mineral Hill properties.
The lack of exploration on these properties due to unfavourable market conditions since 1982 and the subsequent change of ownership and demise of the JV agreement between the previous owners of these assets and the Gold Links properties, presented the opportunity for Dateline to consolidate ownership of the freehold land and approach exploration in a systematic way, without any short-term payment pressures.