Dakota Gold Intersects 2.22 grams per tonne gold over 50 meters at Richmond Hill in Drill Program to Expand Resource

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].