DTR-Dateline resources GOLD,Rare earths ...one to keep a close eye on

[JBmurc]

Marketcap = 17.2mill @ 13c
Cash = 5mill est

#1 Project -Colosseum CAL. USA -GOLD/REE

Dateline Resources’ (ASXTR) Colosseum gold mine, at the southern section of the Walker Lane trend in East San Bernardino Country, California, USA boasts a 20.9Mt resource grading 1.2 g/t gold for 813,000oz.

Current and previous drilling programs have hit wide intersections, with average grades greater than the current Mineral Resource. This includes:

June 2022: 100.6m at 4.16 g/t from 79.2m

June 2023: 63.2m at 10.28 g/t from 91.2m

July 2023: 81.4m at 2.57 g/t from 81.0m


Latest annoucement

https://stockhead.com.au/resources/d...-at-colosseum/





REE prospectivity
As well as gold, DTR’s Colosseum acreage is also highly prospective for REEs following the discovery of notable concentrations in initial samples last year.

The explorer’s experts confirmed that rock units surrounding the breccia pipes at Colosseum are genetically related to the nearby Mountain Pass mine, the highest-grade rare earth mine globally.

Recent geophysical modelling for the project has indicated a high relative density area (postulated carbonatite body) around these breccia pipes, which again, boast similarities to Mountain Pass, only 10km to the southeast.


STRONTIUM PROJECT -USA

Dateline Resources will buy 80% of Argos, the largest known strontium deposit in the US, to bolster its critical minerals portfolio to meet future EV demand.

Strontium is a key component of permanent ferrite magnets, increasingly viewed as a low cost replacement for neodymium- based permanent magnets in EV motors.

https://stockhead.com.au/resources/w...w-acquisition/


DISC-Been loading up in DTR shares last couple days >>

[JBmurc]

exactly the picture I like to see with the fundamentals DTR has in place ...do those Bidders want to stay on the sidelines if the SP continues to step up towards 2c ???

Screen Shot 2024-01-26 at 11.22.06 AM.jpg

only need positive ann.. few more buyers like me to turn up and if sellers don't turn up 2c -3c looks like the next trading range IMHO..

[Dlownz]

Two capital raises last year
Took advantage of a good share price on the second before it came back down How long before they need another capital raise.
Bit of a punt

[JBmurc]

Two capital raises last year
Took advantage of a good share price on the second before it came back down How long before they need another capital raise.
Bit of a punt

Yeah, it depends on how much funds they throw into exploration ..from my rough calcs from recent Qtys I think they would have around $5mill ..shouldn't need to raise to 2H24 at the earliest

[JBmurc]

DTR did end up paying down debt .. so will need yet another CR >>

Still today's ann will help >>>

WIDE HIGH-GRADE GOLD AT COLOSSEUM
70.1 metres at 6.53g/t Au
Highlights
• 70.1m @ 6.53g/t Au in drill hole CM23-14 Inc. 25.9m @ 15.31g/t Au.
• Consistency of assay results for drill hole CM23-14 suggests stability in the
geologic structure.
• Multi-element geochemistry analysis of drill hole CM23-14 is underway.
• New hole, CM24-15, is almost complete and will test the southern
extension of the sedimentary unit. Results are expected in March 2024.
• Mineral Dynamics researchers confirm Colosseum drill hole data fits a Log
Normal Energy distribution.
Dateline Resources Limited (Dateline or the Company) is pleased to announce it
has received assay results for diamond drillhole, CM23-14, drilled at the Colosseum
Gold Project in San Bernardino County, California, USA, that intersected
70.1m @ 6.53g/t Au, including a higher grade section of 25.9m @ 15.31g/t Au.
Drill hole CM23-14 is the eigth exploratory hole the Company has completed at
the Colosseum project.
Highlights of the drill results to date are:
• 70.1m @ 6.53g/t Au inc. 25.9m @ 15.31g/t Au in drill hole CM23-14
• 100m @ 4.16g/t Au in drill hole CM22-051
• 10.67m @ 13.71g/t Au in drill hole CM22-042
• 19.17m @ 1.81g/t Au in drill hole CM23-093
• 81.35m @ 2.57g/t Au inc. 36m @ 3.97g/t Au in drill hole CM23-11a4
• 76.2m @ 8.62g/t Au inc. 23.5m @ 21.8g/t Au in drill hole CM23-084
Commenting on the results, Managing Director, Stephen Baghdadi, commented:
“The wide intersection in drill hole CM23-14, that includes a higher grade zone, is
consistent with other drill holes that have been completed.
“The results from drill hole CM23-14 have increased the size of the sedimentary
breccia unit and the higher grade mineralised envelope within that unit. It has also
increased our confidence in the current geologic model for the Colosseum deposit.
“An intersection of 70.1m @ 6.53g/t that includes 25.9m @ 15.31g/t Au, is very
encouraging and when added to the data from previous drill holes, it reinforces our
confidence in the stability of the geologic structure.
“Drill hole CM24-15 is underway and is designed to test south east and down dip
extension of the sedimentary breccia. This drill hole is almost complete and sections
of the drill core have been sent to the lab for priority processing”.

[JBmurc]

https://smallcaps.com.au/dateline-re...ne-california/