Newsfile Corp.
Lead, South Dakota--(Newsfile Corp. - May 23, 2024) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to announce that it continues to encounter Tertiary epithermal gold mineralization associated with the Unionville Zone at the Maitland Gold Project ("Maitland") in South Dakota. Notably positive results from step-out hole MA24C-040, located more than 1,400 meters north of the Unionville Zone discovery area, supports the premise that Tertiary mineralization potential exists throughout Maitland.
Significant Highlights (See Table 1):
Step-out drill hole MA24C-040 intersected 3.94 grams/tonne gold (g/t Au) over 9.3 meters of Tertiary mineralization 148 meters below the surface. Mineralization is open north, south and to depth.
Drill holes MA24C-041 and MA24C-042 located in the central part of the Unionville Zone returned higher-grade intercepts including 4.08 g/t Au over 2.7 meters and 7.37 g/t Au over 1 meter of Tertiary epithermal mineralization, respectively.
Numerous structures, including the historical Maitland Mine structure, remain untested along strike and illustrate the larger potential for Tertiary epithermal mineralization at the Maitland Project. The Maitland Mine produced more than 200,000 ounces of Tertiary gold before 1945 when it was closed due to WWII.
The Unionville Zone target extension strike length could extend more than 3,000 meters and is open along strike both to the north and south of the discovery area.
James Berry, Vice President Exploration of Dakota Gold, said, "We continue to be impressed by the quality and extent of Tertiary epithermal gold mineralization in the Maitland area. Dakota Gold has now identified gold mineralization from surface through the entire stratigraphic sequence into the Pre-Cambrian basement. Gold mineralization occurs in numerous parallel north-south structures and is relatively shallow with locally high grades and has high potential to be developed into an economic deposit with further work."
Table 1. Released Drill Results (Metric / Imperial)1,2
|
Hole # |
From |
To |
Depth |
Interval* |
Gold |
From |
To |
Depth |
Interval* |
Gold |
Mineral Type |
g x m |
|
ft |
ft |
ft |
ft |
oz/ton |
m |
m |
m |
m |
g/t |
|||
|
MA24C-039 |
31.0 |
45.5 |
32.0 |
14.5 |
0.097 |
9.4 |
13.9 |
9.8 |
4.4 |
3.33 |
Tert |
15 |
|
132.4 |
151.3 |
131.0 |
18.9 |
0.063 |
40.4 |
46.1 |
39.9 |
5.8 |
2.16 |
Tert |
12 |
|
|
MA24C-040 |
616.6 |
647.0 |
486.0 |
30.4 |
0.115 |
187.9 |
197.2 |
148.1 |
9.3 |
3.94 |
Tert |
37 |
|
MA24C-041 |
37.6 |
63.4 |
36.0 |
25.8 |
0.062 |
11.5 |
19.3 |
11.0 |
7.9 |
2.14 |
Tert |
17 |
|
99.9 |
117.3 |
70.0 |
17.4 |
0.045 |
30.4 |
35.8 |
21.3 |
5.3 |
1.54 |
Tert |
8 |
|
|
188.0 |
200.4 |
139.0 |
12.4 |
0.080 |
57.3 |
61.1 |
42.4 |
3.8 |
2.74 |
Tert |
10 |
|
|
680.8 |
689.7 |
456.0 |
8.9 |
0.119 |
207.5 |
210.2 |
139.0 |
2.7 |
4.08 |
Tert |
11 |
|
|
707.2 |
746.3 |
482.0 |
39.1 |
0.030 |
215.6 |
227.5 |
146.9 |
11.9 |
1.03 |
Tert |
12 |
|
|
MA24C-042 |
1035.4 |
1038.7 |
961.0 |
3.3 |
0.215 |
315.6 |
316.6 |
292.9 |
1.0 |
7.37 |
Tert |
7 |
|
1776.4 |
1785.9 |
1498.0 |
9.5 |
0.091 |
541.4 |
544.3 |
456.6 |
2.9 |
3.12 |
Tert |
9 |
|
|
MA24C-043 |
32.0 |
55.8 |
31.0 |
23.8 |
0.041 |
9.8 |
17.0 |
9.4 |
7.3 |
1.41 |
Tert |
10 |
|
198.6 |
214.7 |
170.0 |
16.1 |
0.079 |
60.5 |
65.4 |
51.8 |
4.9 |
2.71 |
Tert |
13 |
|
|
228.1 |
232.4 |
201.0 |
4.3 |
0.122 |
69.5 |
70.8 |
61.3 |
1.3 |
4.19 |
Tert |
5 |
The table may contain rounding errors.
Abbreviations in the table include ounces per ton ("oz/ton"); grams per tonne ("g/t"); feet ("ft"); meter ("m"); Tertiary mineralization ("Tert").
True Thickness Unknown
Figure 1. Plan view of Dakota Gold Corp. Maitland drill holes with highlighted drill holes containing Tertiary epithermal gold mineralization.
The Company currently has four drills on site at its properties in the Homestake District of South Dakota. The Unionville Zone drilling is testing for Tertiary epithermal gold mineralization and is one of three ongoing programs being advanced by the Company - the other two being Homestake Mine-Style gold mineralization in the JB Gold Zone at Maitland and the infill and step-out drilling at the Richmond Hill Gold Project to update to the S-K 1300 resource estimate.
About Dakota Gold Corp.
Dakota Gold (NYSE American: DC) is a South Dakota-based responsible gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. Dakota Gold has high-caliber gold mineral properties covering over 48 thousand acres surrounding the historic Homestake Mine.
The Dakota Gold team is focused on new gold discoveries and opportunities that build on the legacy of the Homestake District and its 145 years of gold mining history.
Subscribe to Dakota Gold's e-mail list at www.dakotagoldcorp.com to receive the latest news and other Company updates.
Shareholder and Investor Inquiries
For more information, please contact:
Jonathan Awde, President and Chief Executive Officer Tel: +1 604-761-5251
Email: JAwde@dakotagoldcorp.com
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from DC of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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