Dateline Resources Finds Further Gold Mineralization in California Project, Shares Down 10%

MT Newswires Live11-18

Dateline Resources (ASX:DTR) said recent drilling at its Colosseum gold and rare earth element project in California has returned gold assay results that align with its expectations and confirm the continuity of mineralization within the existing open-pit mineral resource, according to a Tuesday Australian bourse filing.

The results were of up to 85.34 meters at 1.33 grams per tonne grade of gold beneath an existing pit, and 61.26 meters at 1.18 g/t gold.

The company said that the results support its strategy to convert inferred mineral resources to the higher confidence measured and indicated categories to support the project's mineral resource upgrade as part of the ongoing feasibility work.

The company's shares fell 10% in recent Tuesday trade.

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