Dateline Resources Limited (ASX: DTR) has received permits for two mining licences for the Raymond and Carter mines, located at the company’s 100% owned Gold Links project in Colorado, USA.
Executive Director Stephen Baghdadi said the granting of these two additional mining permits gives Dateline a total of six mining permits in the Gunnison district of which five are spread across Gold Links North, Centre and South (Gold Links).
In total, the company is now permitted to extract 420,000 tonnes per annum of which Gold Links makes up 350,000 and a further 70,000 tonnes from Green Mountain.
Historical records show that the majority of gold production within the Gold Links Project area occurred between 1896 and 1942. The Raymond was mined between 1890 and 1906 and again between 1939 and 1941. The Carter was mined up until 1932. Documented production from these two operations is 90,000 oz Au. Production was also continuous between 1933 and closed in 1942, however no production records for this period have been found yet.
A detailed evaluation of the underground workings at Raymond and Carter properties was done by Atlas Precious Metals from 1983- 1985. A summary of the Atlas work concluded that almost 4,000 metres of linear drifting was completed and approximately 2,000 metres were mined. Using this metric, approximately 50% of the vein was productive.
Mr Baghdadi said the evidence is based on extensive mapping and sampling by Atlas. The sampling was professionally conducted and assayed by Chemex labs (a division of ALS) but the results are non- JORC compliant.
“Securing mining licences for both Raymond and Carter is a positive step forward for Dateline and the requisite permits provides the company with several exploration and production options,” Mr Baghdadi said.
“Board and management will continue to update shareholders as we advance our works programs for both Green Mountain and Gold Links projects.”