Dateline Resources Boosts Drilling with New Rig
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Dateline Resources has acquired a new diamond drill rig for its Colosseum project in California, now operating three rigs. The rig can drill to 1200m, enabling deeper exploration of the mineral system. The company is conducting a 12-hole rare earth elements program and plans to use the rig for gold and rare earth targets, as well as other projects like Music Valley and Argos. The new rig also aims to explore underground potential at North Pipe. The project holds 27.1 million tonnes of gold, with a bankable feasibility study due soon, forecasting 635,000 ounces over an 8.3-year mine life.
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