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Dakota Gold Announces Date for Webcast Conference Call to Review the New Resource for Richmond Hill
Newsfile· 2025-02-05 21:55
Core Viewpoint - Dakota Gold Corp. is set to release a new S-K 1300 Initial Assessment for the Richmond Hill Oxide Heap Leach Gold Project on February 6, 2025, after market close, followed by a management conference call on February 7, 2025, to discuss the report and mineral resources [1]. Company Overview - Dakota Gold Corp. is advancing the Richmond Hill Oxide Heap Leach Gold Project and is also outlining a high-grade underground gold resource at the Maitland Gold Project located on private land in South Dakota [2]. Conference Call Details - The webcast conference call is scheduled for February 7, 2025, at 11 AM Eastern, 9 AM Mountain, and 8 AM Pacific [2]. - Contact numbers for the call include a toll-free number for the USA/Canada and an international toll number [2]. Subscription Information - Interested parties can subscribe to Dakota Gold's email list for the latest news and updates [3].
Dakota Gold Intersects 2.22 grams per tonne gold over 50 meters at Richmond Hill in Drill Program to Expand Resource
Newsfile· 2024-12-11 11:30
Core Viewpoint - Dakota Gold Corp. has reported promising results from its drill program at the Richmond Hill Gold Project, indicating potential for resource expansion and higher grades than previously estimated [2][3][4]. Summary by Sections Drill Program Results - The drill program included 24 holes aimed at expanding the maiden resource at Richmond Hill, with results expected to be incorporated into an updated S-K 1300 Initial Assessment in Q1 2025 [2][5]. - The maiden resource announced on April 30, 2024, outlined an Indicated Resource of 51.83 million tonnes at 0.80 grams per tonne gold for 1.33 million ounces, and an Inferred Resource of 58.06 million tonnes at 0.61 grams per tonne gold for 1.13 million ounces [2]. Highlights of Drill Results - Significant intersections include: - RH24C-122: 1.00 g/t Au over 38.2 meters - RH24C-136: 3.30 g/t Au over 11.8 meters - RH24C-142: 2.22 g/t Au over 50.0 meters - RH24C-143: 2.54 g/t Au over 11.4 meters - The average grade from the Chism Gulch area is 1.13 g/t Au with an average width of 10.9 meters, which is better than the averages used for the maiden resource [3][4][6]. Future Plans and Potential - Dakota Gold is preparing for an updated S-K 1300 resource, leveraging a historical database of 56,771 gold assays from 910 drill holes, supplemented by 145 new drill holes totaling 45,517 meters [5]. - The Richmond Hill resource shell remains open in all directions, indicating potential for significant resource growth through further drilling and metallurgical work [4][6]. Project Development - Dakota Gold has contracted engineering and metallurgical studies to advance the Richmond Hill project from Initial Assessment with Cash Flow (IACF) to full feasibility by Q2 2025 [7]. - The project is located on private land with existing permits, and the company aims to expedite development and production [7]. Maitland Gold Project - The Maitland Gold Project has shown promising results, with drill hole MA23C-038 intersecting 25.03 g/t Au over 4.4 meters, indicating significant potential for resource expansion [8].
Dakota Gold Step-Out Drilling Nearly Doubles the Strike Length of Modeled Homestake Mine-Style Gold Mineralization at Maitland
Newsfile· 2024-12-03 11:30
Core Insights - Dakota Gold Corp. has announced that step-out drilling at the Maitland Gold Project has nearly doubled the known strike length of gold mineralization, indicating significant potential for further exploration and resource expansion [2][4]. Group 1: Drilling Results - The 2024 Maitland drill program has identified four distinct ledges with high-grade gold intercepts, similar to those found in the historic Homestake Mine, which produced approximately 6 million ounces of gold [3][8]. - The program has generated 49 intercepts from 73 holes, with an average gold grade of 10.11 grams per tonne (g/t Au) over an average thickness of 3.8 meters [3][6]. - Notable intercepts include hole MA24C-058, which intersected 28.10 g/t Au over 0.8 meters, significantly extending the known mineralization [5][6]. Group 2: Future Exploration Plans - The mineralization at Maitland remains open for further expansion to the north, south, and at depth, suggesting ongoing exploration opportunities [4][9]. - Dakota Gold plans to refine its modeling of the ledges and analyze results to inform a follow-up drill program for 2025, targeting shallower intercepts [8][10]. Group 3: Project Context - The Maitland Gold Project is located near the historic Homestake Mine, which is recognized as the world's largest banded iron formation hosted gold deposit [8][9]. - Dakota Gold is also advancing the Richmond Hill Oxide Heap Leach Gold Project, which is expected to generate significant cash flow, further supporting the company's growth strategy [10][11].
Dakota Gold Reports Further Resource Expansion at Richmond Hill with Step-Out Drilling Results
Newsfile· 2024-11-26 11:30
Core Viewpoint - Dakota Gold Corp. is expanding its resource at the Richmond Hill Gold Project through ongoing drilling, with results expected to enhance the initial resource assessment scheduled for Q1 2025 [1][4]. Group 1: Resource Expansion - The ongoing infill and step-out drilling program has revealed higher grade and width mineralization in the Chism Gulch area compared to the maiden resource [2][3]. - The maiden S-K 1300 resource announced on April 30, 2024, includes an Indicated Resource of 51.83 million tonnes at 0.80 g/t Au for 1.33 million ounces and an Inferred Resource of 58.06 million tonnes at 0.61 g/t Au for 1.13 million ounces [1][4]. Group 2: Drilling Results - Significant drill intersections include RH24C-110 with 4.14 g/t Au over 10.2 meters, RH24C-115 with 1.84 g/t Au over 10.5 meters, and RH24C-118 with 1.99 g/t Au over 13.4 meters [3][9]. - The resource shell remains open in all directions, indicating potential for further growth through additional drilling and metallurgical work [3][4]. Group 3: Project Development - Dakota Gold plans to advance from the Initial Assessment to a full feasibility study by Q2 2025, supported by a historical database of 56,771 gold assays from 910 drill holes and an additional 145 drill holes totaling 45,517 meters [4][7]. - The Richmond Hill project is expected to be a low-cost surface oxide heap leach operation, similar to the adjacent Wharf Mine, which is projected to generate over $100 million in free cash flow in 2024 from approximately 90,000 ounces of gold [5][7]. Group 4: Financial Support - The company has a financial proposal for up to $300 million for development opportunities with Orion Mine Finance, its major shareholder, announced on October 12, 2023 [7]. Group 5: Maitland Gold Project - The Maitland Gold Project hosts the JB Gold Zone, with notable drill hole MA23C-038 returning 25.03 g/t Au over 4.4 meters, indicating significant potential for further expansion [8].
Dakota Gold Has Growth Upside Potential And Shares Are Tempting (Rating Upgrade)
Seeking Alpha· 2024-11-26 09:36
Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Summary by Categories Investment Strategy - The investment strategy described is adaptable, catering to different types of investors, whether they focus on dividends, value propositions, or growth opportunities [1].
Dakota Gold Corp. Announces Resource Expansion Potential with Step-Out Drill Results at Richmond Hill Gold Project
Newsfile· 2024-11-14 11:30
Core Viewpoint - Dakota Gold Corp. is expanding its resource potential at the Richmond Hill Gold Project through ongoing infill and step-out drilling, with results expected to enhance the maiden resource estimate in early 2025 [2][3][5]. Resource Expansion - The maiden S-K 1300 resource, announced on April 30, 2024, includes an Indicated Resource of 51.83 million tonnes at 0.80 grams per tonne gold for 1.33 million ounces and an Inferred Resource of 58.06 million tonnes at 0.61 grams per tonne gold for 1.13 million ounces [2]. - Recent drill results from the Chism Gulch area indicate higher-grade mineralization, supporting the belief in significant resource expansion potential [3][4]. Drill Results - Notable drill intersections include: - RH24C-100: 1.33 g/t Au over 11.7 meters - RH24C-104: 1.03 g/t Au over 33.8 meters - RH24C-106: 1.48 g/t Au over 38.1 meters - RH24C-107: 1.67 g/t Au over 6.4 meters [4]. - The resource remains open in all directions, indicating further potential for improvement with additional drilling and metallurgical work [4]. Future Plans - An updated S-K 1300 resource estimate is scheduled for Q1 2025, incorporating results from an additional 88 drill holes totaling 17,000 meters [5]. - An S-K 1300 Initial Assessment with Cash Flow is planned for Q2 2025 [5]. Company Insights - James Berry, VP of Exploration, expressed optimism about the ongoing drill program and the potential for resource expansion at Chism Gulch, with more results to be announced in the coming weeks [6]. - The Richmond Hill Gold Project is one of three ongoing drill programs, alongside the JB Gold Zone and the Unionville Zone at Maitland [9]. Company Background - Dakota Gold Corp. focuses on new gold discoveries and opportunities, building on the legacy of the Homestake District, which has a rich history of gold mining [10].
Dakota Gold (DC) - 2025 Q2 - Quarterly Report
2024-11-13 17:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.001 per share DC NYSE American LLC Warrants, each warrant exercisable for one share of the Registrant's common stock at an exercise price of $2.08 DC.WS NYSE American LLC FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or [ ] TRANSITIO ...
Dakota Gold Corp. Announces Additional Positive Drill Results from Infill Program at Richmond Hill Gold Project
Newsfile· 2024-11-04 11:30
Dakota Gold Corp. Announces Additional Positive Drill Results from Infill Program at Richmond Hill Gold ProjectNovember 04, 2024 6:30 AM EST | Source: Dakota Gold Corp.Lead, South Dakota--(Newsfile Corp. - November 4, 2024) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to announce drill results from the initial seventeen holes from the larger-ongoing infill drill program to expand the maiden resource at the Richmond Hill Gold Project ("Richmond Hill"). The ...
Dakota Gold Corp. Announces Leadership Transition
Newsfile· 2024-10-30 21:25
Lead, South Dakota--(Newsfile Corp. - October 30, 2024) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") announces that Robert Quartermain has been appointed President and Chief Executive Officer, effective immediately. Dr. Quartermain has served as Co-Chairman of the Board of Directors of Dakota Gold since its formation in March 2022 and is the largest individual shareholder of the Company. Dr. Quartermain succeeds Jonathan Awde, who resigned as President, Chief Executive Officer a ...
Dakota Gold Corp. Intercepts 2.85 grams/tonne Gold over 13.7 Meters of Tertiary Epithermal Mineralization in the Unionville Zone
Newsfile· 2024-08-22 10:30
● ● ● Dakota Gold Corp. Intercepts 2.85 grams/tonne Gold over 13.7 Meters of Tertiary Epithermal Mineralization in the Unionville Zone August 22, 2024 6:30 AM EDT | Source: Dakota Gold Corp. Lead, South Dakota--(Newsfile Corp. - August 22, 2024) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to announce that exploration drilling at the Maitland Gold Project ("Maitland") in South Dakota continues to deliver results, expanding the areas of continuous Tertiary epithermal go ...