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

Rhea-AI Summary

Dakota Gold (NYSE American: DC) reported remaining 2025 infill and expansion drill results at Richmond Hill, including 3.14 g/t Au and 10.57 g/t Ag over 13.4 m in RH25C-359, a 260 m north step-out. Richmond Hill hosts a large resource (3.65 Moz M&I gold; 2.61 Moz inferred gold; 38.1 Moz M&I silver).

The company is compiling 2025–2026 assays into a PFS due H2 2026, expects to report reserves in 2026, and targets production in 2029. 2026 drilling is underway (7,565 m completed of 15,481 m planned).

Positive

• High-grade intersection: 3.14 g/t Au over 13.4 m (RH25C-359)
• Large disclosed resource: 3.65 Moz M&I gold and 38.1 Moz M&I silver
• 2026 drill campaign advancing: 7,565 m completed of 15,481 m planned
• IACF base case: 150,000 oz/year average gold production and 59% IRR

Negative

• Reserves not yet reported; PFS pending in H2 2026
• Material portion remains inferred: 2.61 Moz inferred gold
• Project timeline still requires multiple steps before production targeted in 2029

News Market Reaction – DC

-2.87%

13 alerts

-2.87% News Effect

-17.3% Trough in 31 hr 24 min

-$21M Valuation Impact

$717.00M Market Cap

1.2x Rel. Volume

On the day this news was published, DC declined 2.87%, reflecting a moderate negative market reaction. Argus tracked a trough of -17.3% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $21M from the company's valuation, bringing the market cap to $717.00M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

M&I gold resource: 3.65 million oz Inferred gold resource: 2.61 million oz M&I silver resource: 38.1 million oz +5 more

8 metrics

M&I gold resource 3.65 million oz Richmond Hill S-K 1300 Initial Assessment (Feb 6, 2025)

Inferred gold resource 2.61 million oz Richmond Hill S-K 1300 Initial Assessment

M&I silver resource 38.1 million oz Richmond Hill S-K 1300 Initial Assessment

Inferred silver resource 22.8 million oz Richmond Hill S-K 1300 Initial Assessment

2025 drilling 242 holes / 29,524 m Richmond Hill 2025 campaign

2026 planned drilling 15,481 m in 109 holes Richmond Hill 2026 campaign plan

Base case gold price $2,350 per ounce IACF mine plan assumptions

Mine plan IRR 59% IACF measured & indicated mine plan

Market Reality Check

Price: $5.05 Vol: Volume 1,407,345 is close...

normal vol

$5.05 Last Close

Volume Volume 1,407,345 is close to the 20-day average of 1,481,564, showing no unusual activity ahead of this release. normal

Technical Price 5.58 is trading above the 200-day MA of 4.84 and is 23.03% below the 52-week high, having risen 132.4% from the 52-week low.

Peers on Argus

DC gained 1.27% while key gold peers were mixed: GAU and CMCL rose around 2%, wh...

DC gained 1.27% while key gold peers were mixed: GAU and CMCL rose around 2%, whereas NFGC, GROY, and ODV declined. The split performance suggests the move was more stock-specific than a broad gold-sector rotation.

Historical Context

5 past events · Latest: Feb 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 27	Board appointment	Positive	+1.3%	New director with over 30 years of legal and regulatory experience.
Feb 09	Equity offering priced	Negative	-11.2%	Pricing of $75M common share offering with underwriter overallotment option.
Feb 09	Equity offering announced	Negative	-11.2%	Announcement of $75M stock offering under effective S-3 shelf registration.
Feb 05	Richmond Hill drilling	Positive	-6.5%	High-grade gold and silver intersections reported for Richmond Hill heap-leach project.
Jan 13	Project plans update	Positive	-1.4%	Outlined 2026 drill programs and timeline toward PFS and maiden resource.

Pattern Detected

Offerings have drawn sharp negative reactions, while Richmond Hill drilling/plan updates have seen mixed-to-negative price responses despite operationally positive content.

Recent Company History

Over recent months, Dakota Gold has balanced financing and project de‑risking. A $75M equity offering on Feb 9, 2026 coincided with a -11.23% move, underscoring dilution sensitivity. In contrast, multiple Richmond Hill updates on Jan 13 and Feb 5, 2026 highlighted high‑grade intercepts and a PFS targeted for H2 2026, yet drew negative reactions. Today’s drilling update continues that Richmond Hill narrative, building on prior intercepts like 5.00 g/t Au over 24.9 m while the stock had already trended above its 200‑day average.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-07-24

The company has an effective Form S-3 shelf registration filed on 2025-07-24 with documented usage via multiple 424B5 prospectus supplements, most recently in Feb 2026. Specific capacity details were not provided in the current context.

Market Pulse Summary

This announcement expands the Richmond Hill story with further mineralized intercepts and reiterates...

Analysis

This announcement expands the Richmond Hill story with further mineralized intercepts and reiterates sizeable resources of 3.65 Moz M&I gold and 2.61 Moz inferred gold. It also references an IACF plan with a reported 59% IRR and a PFS targeted for the second half of 2026. Investors may track upcoming drill results, the PFS outcomes, and any additional capital-raising under the existing shelf, alongside how these factors interact with insider activity and prior offering-related pressure.

Key Terms

oxide heap leach, grams per tonne, pre-feasibility study, s-k 1300, +2 more

6 terms

oxide heap leach technical

"Richmond Hill Oxide Heap Leach Gold Project ("Richmond Hill" or the "Project")"

Oxide heap leach is a low-cost mining method that extracts metals (commonly gold, silver or copper) from oxidized, near-surface rock by piling crushed ore into a heap and percolating a liquid that dissolves the metal for collection — like steeping metal out of rock the way tea is brewed. It matters to investors because heap leach projects can be built and started faster and cheaper than mills or underground mines, so they can generate earlier cash flow, but recovery rates, environmental controls and permitting risk can materially affect revenue and valuation.

grams per tonne technical

"intersected 3.14 grams per tonne gold (g/t Au) and 10.57 g/t silver"

Grams per tonne (g/t) is a measure of how many grams of a precious or base metal are contained in one tonne of rock or ore. It tells investors the concentration of the metal: higher g/t means more metal packed into the same amount of material, which can lower production costs and raise the potential value of a mine. Think of it like the amount of sugar in a slice of cake—the more sugar per slice, the sweeter (and more valuable) each slice is.

pre-feasibility study technical

"will be incorporated into a Pre-Feasibility Study ("PFS") being published"

A pre-feasibility study is an initial assessment that evaluates whether a proposed project or investment idea is worth exploring further. It involves examining basic factors like costs, potential benefits, and possible challenges, similar to conducting a preliminary check before deciding to invest more time and resources. This helps investors determine if pursuing the project further is practical and likely to be successful.

s-k 1300 regulatory

"outlined in the S-K 1300 Initial Assessment published on February 6, 2025."

Regulation S-K Item 1300 is a U.S. securities disclosure rule that requires public companies to report how they manage cybersecurity risks and to promptly disclose material cyber incidents. Think of it as a requirement to tell investors both the company’s “cyber health” plan and any major break-ins, similar to a homeowner explaining their alarm system and alerting neighbors after a burglary. This helps investors assess operational risk and potential financial or reputational impact.

measured and indicated technical

"3.65 million ounces ("oz") of measured and indicated ("M&I") gold"

Measured and indicated are two levels of confidence used to describe the size and quality of a mineral deposit: "measured" means the quantities and grade are well tested and closely known, while "indicated" means they are reasonably estimated but with more uncertainty. Investors use these categories to judge how reliably a resource can be converted into reserves and future cash flow—think of measured like a weighed recipe and indicated like a good estimate based on past batches.

inferred technical

"and 2.61 million oz of inferred gold, as well as 38.1 million oz"

Inferred means a conclusion or piece of information drawn from available clues rather than directly observed or confirmed. For investors, an inference is like reading a weather forecast from cloud patterns: it helps form expectations about a company’s performance or risks when hard data is missing, but it carries uncertainty and should be weighed alongside verified facts.

AI-generated analysis. Not financial advice.

Lead, South Dakota--(Newsfile Corp. - March 17, 2026) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to report the remaining infill and expansion drill results from the Richmond Hill Oxide Heap Leach Gold Project ("Richmond Hill" or the "Project") from the 2025 drill campaign. Richmond Hill hosts a large resource including 3.65 million ounces ("oz") of measured and indicated ("M&I") gold and 2.61 million oz of inferred gold, as well as 38.1 million oz of M&I silver and 22.8 million oz of inferred silver outlined in the S-K 1300 Initial Assessment published on February 6, 2025. Gold and silver assay results from the 2025 and 2026 drill campaigns at Richmond Hill will be incorporated into a Pre-Feasibility Study ("PFS") being published in the second half of 2026. This work will enable the Company to report reserves in 2026, further de-risking the Project as it advances along its path to expected production in 2029.

Highlights from this update include:

• Expansion drill hole RH25C-359 intersected 3.14 grams per tonne gold (g/t Au) and 10.57 g/t silver (Ag) over 13.4 meters (42 gram meters Au), including 12.25 g/t Au and 20.10 g/t Ag over 1.5 meters (19 gram meters Au). RH25C-359 is a 260 meter (850 ft) north step-out from the current measured and indicated resource boundary. The mineralization in the northeast is only limited by drilling and remains open in all directions. The 2025 northeast expansion drill program covered an area of 300 meters (980 ft) north - south and 535 meters (1,750 ft) east - west.

• Water monitoring drill holes designed for permitting baseline data collection at Richmond Hill intersected gold and silver in the most northern and eastern extent of the property boundary tested to date. BG-GW-11 intersected 2.53 g/t Au and 1.91 g/t Ag over 6.1 meters (15 gram meters Au) and BG-GW-13 intersected 1.42 g/t Au and 1.90 g/t Ag over 9.1 meters (13 gram meters Au). BG-GW-11 is a 274 meter (900 ft) north step-out and BG-GW-13 is a 655 meter (2150 ft) north step-out from the current measured and indicated resource boundary. The drill holes illustrate the ubiquitous mineralization of the Project and the potential for expansion with further testing to be completed in 2026 (Figures 2 and 3).

• The highest grading gold interval from the 2025 drill campaign was previously reported expansion drill hole RH25C-310 located in the northeast Project area; intersecting 5.0 g/t Au and 28.64 g/t Ag over 24.9 meters (124 gram meters Au) including 60.82 g/t Au and 61.68 g/t Ag over 1.5 meters (89 gram meters Au). Many higher-grade gold mineralization intersections were encountered in the 2025 campaign that exceed the average grade of 0.566 g/t Au published in the July 7, 2025 Initial Assessment with Cash Flow ("IACF") measured and indicated mine plan.

• The 2026 Drill Campaign at Richmond Hill is underway and has completed 7,565 meters in 48 infill drill holes to date (Figure 4), representing one third of the total planned drilling for the year. The campaign includes 15,481 meters of drilling in 109 holes to follow up on the success from 2025 and consists of a combination of infill, expansion, geotechnical and mine plan drilling. The campaign is expected to be completed in the third quarter of this year.

Jack Henris, President and COO of Dakota Gold said, "The final drill results from the 2025 drill campaign at Richmond Hill continue to illustrate the potential for expansion and higher-grade gold and silver opportunities for the Project, particularly in the north where we expect to begin the initial years of mining. The Company began its 2026 drill campaign in January and has added a third drill. We are pleased with how the program is progressing to date and we expect the infill portion of the campaign to be completed before the end of March. The infill drilling has been primarily focused in the northwest area of the Project to convert inferred resources to indicated in the upcoming PFS. We look forward to announcing the results as they are received throughout the year."

2025 Drill Campaign Summary

The 2025 drill campaign at Richmond Hill included 242 drill holes in 29,524 meters (96,865 ft) and was designed to collect data for a multitude of purposes to advance the Project towards completing a PFS. The campaign included infill, expansion, metallurgical, site infrastructure and water well testing. The testing informs our geological and geo-metallurgical modelling and will enable the Company to optimize the mine design for cash flow and operation efficiencies.

With the higher-grade gold encountered in the 2025 drill campaign, the Company is undertaking trade-off studies in the PFS evaluating mine sequencing to bring forward high-grade gold areas. Using an average gold grade of 0.55 g/t Au, a base case gold price of $2,350 an ounce, and a processing rate of 30,000 tons per day, the IACF calculates an average annual gold production of 150,000 ounces Au and an initial CAPEX payback or Internal Rate of Revenue ("IRR") of 59% for the MI&I mine plan. The 2025 drill campaign returned many gold assays exceeding the average gold grade from the IACF including select highlighted intersections over 80 gram meters Au listed below. A complete table of the 2025 drill results including gold and silver assays is available to view here.

Select higher-grade gold drill results from the 2025 Richmond Hill Drill Campaign

• RH25C-310 intersected 5 g/t Au and 28.64 g/t Ag over 24.9 meters (124 gram meters)
                          including 60.82 g/t Au and 61.68 g/t Ag over 1.5 meters (89 gram meters)
• RH25C-164 intersected 1.94 g/t Au and 34.88 g/t Ag over 60.0 meters (116 gram meters)
• RH25C-169 intersected 2.78 g/t Au and 42.07 g/t Ag over 39.3 meters (109 gram meters)
• RH25C-209 intersected 1.40 g/t Au and 34.82 g/t Ag over 73.5 meters (103 gram meters)
• RH25C-166 intersected 2.25 g/t Au and 27.91 g/t Ag over 44.3 meters (100 gram meters)
• RH25C-171 intersected 1.50 g/t Au and 24.08 g/t Ag over 62.1 meters (93 gram meters)
• RH25C-236 intersected 8.17 g/t Au and 11.02 g/t Ag over 11.3 meters (93 gram meters)
• RH25C-211 intersected 1.55 g/t Au and 16.83 g/t Ag over 52.3 meters (81 gram meters)
• RH25C-348 intersected 2.46 g/t Au and 19.16 g/t Ag over 32.7 meters (81 gram meters)
• RH25C-162 intersected 1.85 g/t Au and 25.39 g/t Ag over 43.4 meters (80 gram meters)

Figure 1. Plan Map showing location of Dakota Gold Corp. Richmond Hill 2025 Drill Campaign drill results reported today in Table 1.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8218/288759_e56ce8bc343d9899_002full.jpg

Figure 2. Plan Map showing S-K 1300 Initial Assessment measured and indicated blocks projected to the surface with 2025 drilling, with labeled holes reported today in Table 1, and location of cross-section in Figure 3.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8218/288759_e56ce8bc343d9899_003full.jpg

Figure 3. Cross-section with S-K 1300 Initial Assessment measured and indicated blocks and measured and indicated resource cone, with projection of drillholes within 500 meter section, showing open mineralization to the north.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8218/288759_e56ce8bc343d9899_004full.jpg

Table 1. Richmond Hill Drill Results (Metric / Imperial)^{1,2,3,4,5, 6}

Hole #	From (m)	To (m)	Interval (m)	Grade Au (g/t)	g x m Au	Grade  Ag (g/t)	g x m Ag	From (ft)	To (ft)	Interval (ft)	Grade Au (oz/ton)
RH25C-306	88.1	91.9	3.8	1.43	5	29.44	112	288.9	301.4	12.5	0.042
RH25C-331	56.1	76.4	20.3	1.28	26	30.55	620	184.0	250.6	66.6	0.037
RH25C-338	91.9	99.5	7.6	0.65	5	3.70	28	301.4	326.3	24.9	0.019
	117.7	122.2	4.5	1.09	5	38.96	173	386.2	400.8	14.6	0.032
RH25C-340	140.8	147.9	7.1	0.68	5	3.48	25	461.8	485.2	23.4	0.020
RH25C-341	112.2	116.7	4.5	0.90	4	22.87	338	368.1	382.9	14.8	0.026
RH25C-342	31.5	39.2	7.7	0.75	6	6.47	49	103.5	128.6	25.1	0.022
	80.8	93.3	12.5	0.62	8	2.65	33	265.0	306.0	41.0	0.018
	103.9	107.4	3.4	0.93	3	17.15	59	341.0	352.2	11.2	0.027
RH25C-343	105.1	125.2	20.1	0.68	14	4.64	93	344.8	410.7	65.9	0.020
RH25C-344	No Significant Results
RH25C-350	109.8	122.1	12.4	0.84	10	3.76	47	360.1	400.7	40.6	0.025
RH25C-354	94.5	107.7	13.2	0.77	10	17.54	232	309.9	353.3	43.4	0.023
	112.2	119.8	7.6	0.58	4	56.74	432	368.0	393.0	25.0	0.017
RH25C-356	56.7	72.7	16.0	1.22	20	3.76	60	186.0	238.5	52.5	0.036
RH25C-359	84.9	89.1	4.2	0.47	2	1.82	8	278.7	292.4	13.7	0.014
	99.4	112.8	13.4	3.14	42	10.57	142	326.0	370.0	44.0	0.092
Inc.	105.2	106.7	1.5	12.25	19	20.10	31	345.0	350.0	5.0	0.357
BG-GW-09	13.7	30.5	16.8	0.84	14	18.81	315	45.0	100.0	55.0	0.025
	35.1	38.1	3.0	1.02	3	10.39	32	115.0	125.0	10.0	0.030
BG-GW-09A	10.7	25.9	15.2	0.83	13	28.82	439	35.0	85.0	50.0	0.024
BG-GW-10	27.4	42.7	15.2	2.60	40	30.81	470	90.0	140.0	50.0	0.076
BG-GW-11	38.1	45.7	7.6	0.63	5	11.09	84	125.0	150.0	25.0	0.018
	54.9	61.0	6.1	2.53	15	1.91	12	180.0	200.0	20.0	0.074
BG-GW-13	27.4	30.5	3.0	0.65	2	1.18	4	90.0	100.0	10.0	0.019
	36.6	45.7	9.1	1.42	13	1.90	17	120.0	150.0	30.0	0.042
	59.4	62.5	3.0	0.76	2	1.15	4	195.0	205.0	10.0	0.022

 

The table may contain rounding errors.

1. Abbreviations in the table include ounces per ton ("oz/ton"); grams per tonne ("g/t"); feet ("ft"); meter ("m"); gram meters ("g x m").
2. True thickness unknown.
3. Intervals calculated based on 0.5 g/t Au cut-off and maximum dilution of 3.05 meters.
4. The July 7, 2025 Initial Assessment with Cash Flow has an open pit designed with 12.2m (40 ft) benches. The average grade for the Measured and Indicated mine plan is 0.566 g/t Au (0.017 oz/ton). A gram meter of 7 and above has been highlighted in Table 1 based on the bench height and average grade.
5. The following monitoring water well holes drilled outside of the resource area for permitting has confirmed no significant gold mineralization: BG-GW-02, BG-GW-12, CC-GW-12, CC-GW-12A, CC-GW-13
6. The following southeast expansion drill holes outside of the planned mining area has confirmed no significant gold mineralization: RH25C-345, RH25C-347, RH25C-349, RH25C-353, RH25C-355, RH25C-358, RH25C-361

Figure 4. Plan Map showing location of Dakota Gold Corp. Richmond Hill 2026 Drill Campaign infill drill holes completed to date.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8218/288759_e56ce8bc343d9899_005full.jpg

About Dakota Gold Corp.

Dakota Gold is expanding the legacy of the 145-year-old Homestake Gold Mining District by advancing the Richmond Hill Oxide Heap Leach Gold Project to commercial production as soon as 2029, and outlining a Tertiary maiden resource as well as a high-grade underground gold resource at the Maitland Gold Project, both located on private land in South Dakota.

Subscribe to Dakota Gold's e-mail list at www.dakotagoldcorp.com to receive the latest news and other Company updates.

Shareholder and Investor Inquiries

For more information, please contact:

Jack Henris
President and COO
Tel: +1 605-717-2540

Shawn Campbell
Chief Financial Officer
Tel: +1 778-655-9638

Carling Gaze
VP of Investor Relations and Corporate Communications
Tel: +1 605-679-7429
Email: info@dakotagoldcorp.com

Qualified Person and S-K 1300 Disclosure

James M. Berry, a Registered Member of SME and Vice President of Exploration of Dakota Gold Corp., is the Company's designated qualified person (as defined in Subpart 1300 of Regulation S-K) for this news release and has reviewed and approved its scientific and technical content.

Quality Assurance/Quality Control consists of regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Samples are submitted to the ALS Geochemistry sample preparation facility in Winnipeg, Manitoba. Gold and multi-element analyses are performed at the ALS Geochemistry laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab. Check samples are submitted to Bureau Veritas, Vancouver B.C. as an umpire laboratory. Assay results are reviewed, and discrepancies are investigated prior to incorporation into the Company database.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this communication, the words "plan," "target," "anticipate," "believe," "estimate," "intend," "potential," "will" and "expect" and similar expressions are intended to identify such forward-looking statements. Any express or implied statements contained in this communication that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation: our expectations regarding additional drilling, metallurgy and modeling; our expectations for the improvement and growth of the mineral resources and potential for conversion of mineral resources into reserves; completion of a pre-feasibility study, a feasibility study, and/or permitting; our expectations regarding free cash flow and future financing, and our overall expectation for the possibility of near-term production at the Richmond Hill project. These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. These risks and uncertainties include, among others: the execution and timing of our planned exploration activities; our use and evaluation of historic data; our ability to achieve our strategic goals; the state of the economy and financial markets generally and the effect on our industry; and the market for our common stock. The foregoing list is not exhaustive. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as updated by annual, quarterly and current reports that we file with the SEC, which are available at www.sec.gov. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law. We do not give any assurance that we will achieve our expectations.

All references to "$" in this communication are to U.S. dollars unless otherwise stated.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288759

FAQ

What did Dakota Gold announce about RH25C-359 at Richmond Hill (DC) on March 17, 2026?

RH25C-359 intersected 3.14 g/t Au and 10.57 g/t Ag over 13.4 meters, a 260 m north step-out. According to Dakota Gold, this result extends mineralization beyond the current M&I boundary and remains open for further expansion with additional drilling.

How much gold and silver resource does Richmond Hill (DC) host as of March 17, 2026?

Richmond Hill hosts 3.65 million oz M&I gold and 38.1 million oz M&I silver, plus inferred resources. According to Dakota Gold, inferred counts include 2.61 million oz gold, reflecting areas targeted for conversion by ongoing drilling.

What is Dakota Gold’s expected timeline for a PFS and reserves for Richmond Hill (DC)?

Dakota Gold expects a Pre-Feasibility Study in H2 2026 and to report reserves in 2026. According to Dakota Gold, 2025–2026 assay results will be incorporated into the PFS to de-risk the project ahead of reserve reporting.

How much drilling has Dakota Gold completed in the 2026 Richmond Hill campaign (DC) so far?

As of March 17, 2026, Dakota Gold completed 7,565 meters in 48 infill holes, about one-third of the plan. According to Dakota Gold, the full 2026 program totals 15,481 meters in 109 holes and is expected to finish in Q3 2026.

What production and economic metrics did Dakota Gold cite for Richmond Hill (DC) in the IACF?

The IACF base case projects 150,000 oz/year gold production using 0.55 g/t average grade and $2,350/oz gold. According to Dakota Gold, that scenario yields an IRR of 59% for the M&I mine plan.

Do Dakota Gold’s water-monitoring holes at Richmond Hill (DC) show mineralization outside the resource area?

Some monitoring wells intersected gold: BG-GW-11 hit 2.53 g/t Au over 6.1 m and BG-GW-13 hit 1.42 g/t Au over 9.1 m. According to Dakota Gold, these step-outs confirm mineralization at tested property extents and support further testing.