Dakota Gold (US:DC) Newsfileยท2024-11-26 11:30Core 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].