Dakota Gold Corp. (NYSE: DC) has obtained promising results from its Maitland Gold Project in South Dakota, USA.
The company continues to expand the known gold mineralization with drill holes MA22C-006, MA22C-007, MA22C-008, MA23C-010, as well as additional results received for the previously reported drill hole MA22C-009.
The drill programme has been testing and confirming Homestake-style, Precambrian gold mineralization in the Homestake Formation along the structural corridor approximately three miles northwest of the historic Homestake Mine.
Homestake Formation is the host unit of the gold mineralization found at the 40Moz historic Homestake Mine.
The step-out drill holes are also targeting the Precambrian hosted, Tertiary breccia mineralization that was discovered by the company at the Unionville Zone earlier this year. This mineralization was previously untested for at the historic Homestake Mine.
Drill Hole Highlights:
- MA22C-007 intersected 7.19g/t over 7.0m in a Tertiary breccia and was designed to test the Homestake Formation south of previous drilling. This intercept likely extends the Unionville Zone farther to the south than previously expected and the mineralization remains open in both directions. In addition to the Tertiary breccia zone, MA22C-007 intersected 5.37g/t over 1.4m of Homestake-style gold mineralization.
- MA22C-008 intersected 3.85g/t over 8.1m and 1.2g/t over 5.9 min Tertiary replacement style mineralization within the Cambrian Deadwood Formation and the Precambrian basement below the contact. MA22C-008 was designed to test north of MA22C-002 and MA22C-003.
- MA22C-009 intersected 5.78g/t over 4.4m within the Homestake Formation. The style of gold mineralization encountered in the lower portion of MA22C-009 is similar to the historic Homestake Mine. MA22C-009 was designed to test if the breccias encountered in MA22C-001 and MA22C-002 are connected.
- MA23C-010 intersected 2.40g/t over 16.5m and 3.68g/t over 4.3m within Precambrian hosted Tertiary breccias. MA23C-010 was designed to test the Unionville Zone north of MA22C-009.
“We are very pleased that the Maitland drill programme continues to yield encouraging results for Homestake-style gold mineralization beyond the prolific and historic Homestake Mine. We are also continuing to expand the Unionville Zone which is a Tertiary breccia, hosted in the Precambrian basement,” Vice President of Exploration, James Berry, said.
“These results indicate that this zone is open along strike in both directions. Results from the drill programmes to date have shown significant gold mineralization and the company continues to vector towards discovering wider and higher-grade zones.”
The company currently has four drills operating on its properties in the Homestake District with two drills operating at Maitland targeting Homestake-hosted and Tertiary gold mineralization.
Two drills operating at the Richmond Hill Gold Project are targeting Tertiary breccia and replacement gold mineralization, as well as conducting infill and step-out drilling designed to convert and expand the known gold mineralization identified by 880 historical drill holes, to S-K 1300 compliant resources. Richmond Hill is located 2.3 miles west of Maitland and 1.5 miles north of Coeur Mining, Inc.’s Wharf Mine.
For further information please visit: https://dakotagoldcorp.com/
