Dakota Gold intersects 3.14 g/t gold and 10.57 g/t silver over 13.4 meters in expansion drilling at Richmond Hill

Core Insights - Dakota Gold Corp. has reported positive results from the 2025 drill campaign at the Richmond Hill Oxide Heap Leach Gold Project, indicating significant gold and silver resources and potential for expansion [1][3][4]. Resource Summary - The Richmond Hill Project contains 3.65 million ounces of measured and indicated gold and 2.61 million ounces of inferred gold, along with 38.1 million ounces of measured and indicated silver and 22.8 million ounces of inferred silver [1]. - The results from the 2025 and 2026 drill campaigns will be included in a Pre-Feasibility Study (PFS) expected to be published in the second half of 2026, which will help the company report reserves [1][3]. Drill Campaign Details - The 2025 drill campaign consisted of 242 drill holes totaling 29,524 meters, aimed at advancing the project towards completing a PFS [4]. - The campaign included various types of drilling such as infill, expansion, metallurgical, and site infrastructure testing [4]. Production Potential - The company anticipates an average annual gold production of 150,000 ounces based on an average gold grade of 0.55 g/t Au and a base case gold price of $2,350 per ounce [5]. - The Internal Rate of Revenue (IRR) for the mine plan is calculated at 59% [5]. Higher-Grade Gold Intersections - Notable drill results include intersections of 5.0 g/t Au over 24.9 meters and 3.14 g/t Au over 13.4 meters, indicating higher-grade gold opportunities [8][9]. - The 2025 campaign returned multiple gold assays exceeding the average gold grade of 0.566 g/t Au [5][9]. Ongoing Drilling Efforts - The 2026 drill campaign commenced in January and has already completed 7,565 meters in 48 infill drill holes, with a total of 15,481 meters planned for the year [3][8]. - The campaign aims to convert inferred resources to indicated resources in preparation for the upcoming PFS [3]. Future Outlook - Dakota Gold aims to advance the Richmond Hill Project to commercial production by 2029, building on the legacy of the Homestake Gold Mining District [15].