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Dakota Gold Corp. reports developments tied to gold exploration and mine-development work in South Dakota's historic Homestake District. Company news centers on the Richmond Hill Oxide Heap Leach Gold Project, including drill assay results, gold and silver mineralization updates, resource-definition work, metallurgical sampling, and mine-planning activities.
Updates also cover operating and financial results, common stock offerings and other capital-structure matters, material agreements, shareholder voting matters, board composition, and governance changes as Dakota Gold advances mineral properties surrounding the historic Homestake Mine.
Dakota Gold Corp. (NYSE American: DC) has announced final results from 24 drill holes at its Richmond Hill Gold Project, completing a program initiated in November 2023. The results will be incorporated into an updated S-K 1300 Initial Assessment in Q1 2025. Notable intersections include 2.22 g/t Au over 50.0 meters and 3.30 g/t Au over 11.8 meters.
The current maiden resource includes 1.33 million ounces in Indicated Resources at 0.80 g/t Au and 1.13 million ounces in Inferred Resources at 0.61 g/t Au. The company reports that the Richmond Hill resource shell remains open in all directions, with potential for significant growth through additional drilling and metallurgical improvements.
Dakota Gold Corp. (NYSE American: DC) announces significant drilling results at its Maitland Gold Project, nearly doubling the known strike-length of Homestake iron-formation hosted gold mineralization. The company's 2024 drill program has identified four distinct ledges with high-grade gold intercepts, generating 49 intercepts from 73 holes at an average grade of 10.11 g/t Au over 3.8 meters. Key highlights include step-out drill hole MA24C-058 intersecting 28.10 g/t Au over 0.8 meters, located 710 meters northwest of the JB Gold Zone discovery. The mineralized ledges now extend to 1,646 meters and remain open along strike and depth.
Dakota Gold Corp. (NYSE American: DC) announced results from thirteen drill holes at the Richmond Hill Gold Project, expanding its maiden resource. Key highlights include intersections of 4.14 g/t Au over 10.2 meters (RH24C-110), 1.84 g/t Au over 10.5 meters (RH24C-115), and 1.99 g/t Au over 13.4 meters (RH24C-118) in the Chism Gulch area.
The company plans to update its S-K 1300 Initial Assessment in Q1 2025, building upon its maiden resource of 1.33 million indicated ounces and 1.13 million inferred ounces. Dakota Gold envisions Richmond Hill as a low-cost surface oxide heap leach operation, with engineering and metallurgical studies in progress to advance toward a full feasibility study in Q2 2025.
Dakota Gold Corp. (NYSE American: DC) has announced results from fifteen drill holes at the Richmond Hill Gold Project, showing promising expansion potential for their maiden resource. Key intersections include 1.48 g/t Au over 38.1 meters and 1.03 g/t Au over 33.8 meters. The current resource includes an Indicated Resource of 51.83 Mt at 0.80 g/t Au (1.33M ounces) and an Inferred Resource of 58.06 Mt at 0.61 g/t Au (1.13M ounces). The company plans to include 88 new drill holes totaling 17,000 meters in an updated S-K 1300 resource estimate in Q1 2025, followed by an Initial Assessment with Cash Flow in Q2 2025.
Dakota Gold Corp. (NYSE American: DC) has announced positive drill results from seventeen holes in its ongoing infill program at the Richmond Hill Gold Project. The program aims to expand the maiden resource announced in April 2024, which included an Indicated Resource of 51.83 Mt at 0.80 g/t Au (1.33M ounces) and an Inferred Resource of 58.06 Mt at 0.61 g/t Au (1.13M ounces).
Notable intersections include 1.15 g/t Au over 51.7 meters and 0.96 g/t Au over 41.5 meters. The company plans to include 88 new drill holes totaling 17,000 meters in an updated S-K 1300 resource estimate in Q1 2025, followed by an Initial Assessment with cash flow analysis in Q2 2025.
Dakota Gold Corp. (NYSE American: DC) announces the appointment of Robert Quartermain as President and CEO, effective immediately, replacing Jonathan Awde who resigned from his positions. Dr. Quartermain, currently Co-Chairman and largest individual shareholder, brings extensive experience in resource development. The company's priorities include advancing the Richmond Hill project through feasibility study and developing the gold potential at the Maitland project. Dr. Stephen O'Rourke transitions to Managing Director, while Amy Koenig becomes Independent Lead Director. The company plans to search for a permanent CEO successor.
Dakota Gold Corp. (NYSE American: DC) has announced promising results from its exploration drilling at the Maitland Gold Project in South Dakota. The company has expanded the Unionville Zone's Tertiary epithermal gold mineralization, with the target extension strike now confirmed to extend for at least 2,000 meters, and potentially up to 3,000 meters including rock chip samples.
Key highlights include:
- Drill hole MA24C-053: 2.85 g/t Au over 13.7 meters and 1.44 g/t Au over 23.0 meters
- Drill hole MA24C-048: Multiple gold mineralization sections, including 4.34 g/t Au over 7.0 meters
- Drill hole MA24C-047: 4.73 g/t Au over 3.6 meters, extending mineralization 200 meters past the previous step-out
The Tertiary epithermal gold mineralization remains open in all directions at Maitland, indicating potential for further expansion.
Dakota Gold Corp. (NYSE American: DC) has released its 2023 Sustainability Report, highlighting the company's ESG strategy and performance in the Homestake District of South Dakota. Key achievements include:
• Three years with zero lost time incidents
• Zero reportable environmental incidents since starting drill programs in early 2022
• Significant team growth while maintaining high health and safety standards
The report emphasizes Dakota Gold's commitment to health and safety, environmental stewardship, and sustainable regional development. CEO Jonathan Awde expressed pride in these accomplishments, which extend beyond exploration discoveries. The company focuses on revitalizing the Homestake District in Lead, South Dakota, with gold mineral properties covering over 48,000 acres around the historic Homestake Mine.
Dakota Gold Corp. (NYSE American: DC) has announced significant drilling results from the Unionville Zone at the Maitland Gold Project in South Dakota. The latest drill holes revealed substantial Tertiary epithermal gold mineralization, including intersections of 3.33 grams/tonne gold over 9.9 meters and 1.51 grams/tonne gold over 19.1 meters, alongside other notable findings. This follows previous high-grade discoveries in the same zone. The Unionville Zone shows potential for extensive mineralization over a strike length greater than 3,000 meters, which remains open in both directions. Dakota Gold is conducting three drilling programs, focusing on different styles of gold mineralization. The company aims to explore both shallow and deeper gold deposits within the same exploration holes, enhancing operational efficiency and potential yields.
Dakota Gold Corp. (NYSE American: DC) has successfully concluded the first tranche of a strategic investment from Orion Mine Finance, amounting to $6 million. Combined with an additional $7 million raised through the Company's at-the-market offering program, the total gross proceeds reached $13 million. The funds are expected to support Dakota Gold's ongoing projects and operational activities. This announcement follows a prior news release dated June 26, 2024, detailing these financial movements.