Dateline Initiates Accelerated Drilling Program at Colosseum Gold-REE Project
Dateline Resources (OTCQB:DTREF) has launched a major drilling campaign at its 100%-owned Colosseum Gold-REE Project in California. The company has commenced an extensive 10,000+ metre drilling program that will continue through 2025, combining both reverse circulation (RC) and diamond drilling techniques.
The company is expanding its drilling capacity by contracting Major Drilling to provide a high-powered RC rig, complementing Dateline's existing fleet of three company-owned drill rigs. The program targets the expansion of the current 1.1 Moz gold resource and will explore newly identified gold and rare earth element (REE) targets discovered through magneto-telluric surveys. Additionally, a parallel geotechnical drilling program is underway to support Bankable Feasibility Study (BFS) level engineering studies.
Dateline Resources (OTCQB:DTREF) ha avviato una importante campagna di perforazione presso il suo progetto Colosseum Gold-REE interamente di proprietà in California. La società ha iniziato un esteso programma di perforazione di oltre 10.000 metri che proseguirà fino al 2025, combinando tecniche di perforazione a circolazione inversa (RC) e diamantina.
Dateline sta ampliando la capacità di perforazione affidando a Major Drilling una perforatrice RC ad alta potenza, a complemento della flotta esistente di tre unità di perforazione di proprietà dell'azienda. Il programma mira a espandere l'attuale risorsa aurifera di 1,1 Moz e ad esplorare nuovi bersagli di oro e terre rare (REE) individuati tramite indagini magnetotelluriche. Parallelamente è in corso un programma geotecnico di perforazione a supporto degli studi di ingegneria di livello Bankable Feasibility Study (BFS).
Dateline Resources (OTCQB:DTREF) ha puesto en marcha una importante campaña de perforación en su proyecto Colosseum Gold-REE 100% propiedad en California. La compañía ha iniciado un extenso programa de perforación de más de 10.000 metros que se prolongará hasta 2025, combinando técnicas de perforación por circulación inversa (RC) y diamante.
La empresa está ampliando su capacidad de perforación contratando a Major Drilling para suministrar una sonda RC de alta potencia, complementando su flota existente de tres equipos de perforación propios. El programa tiene como objetivo expandir el actual recurso aurífero de 1,1 Moz y explorar nuevos objetivos de oro y elementos de tierras raras (REE) identificados mediante estudios magnetotelúricos. Además, se está llevando a cabo un programa geotécnico paralelo para apoyar los estudios de ingeniería a nivel de Bankable Feasibility Study (BFS).
Dateline Resources (OTCQB:DTREF)는 캘리포니아에 있는 자사 100% 소유 Colosseum Gold-REE 프로젝트에서 대규모 시추 캠페인을 시작했습니다. 회사는 2025년까지 계속될 광범위한 1만미터 이상 시추 프로그램을 착수했으며, 역류 순환(RC) 및 다이아몬드 시추 기법을 병행합니다.
Dateline은 Major Drilling과 계약해 고출력 RC 시추기를 도입해 기존의 자사 보유 시추기 세 대를 보완하며 시추 역량을 확장하고 있습니다. 이 프로그램은 현재의 110만 온스(1.1 Moz) 금 자원을 확장하고, 자기전기(마그네토-텔루릭) 조사로 확인된 신규 금 및 희토류(REE) 목표를 탐사하는 것을 목표로 합니다. 또한, 은행성 타당성 조사(BFS) 수준의 엔지니어링 연구를 지원하기 위한 병행 지반공학 시추 프로그램도 진행 중입니다.
Dateline Resources (OTCQB:DTREF) a lancé une importante campagne de forage sur son projet Colosseum Gold-REE détenu à 100% en Californie. La société a engagé un vaste programme de forage de plus de 10 000 mètres qui se poursuivra jusqu'en 2025, combinant forages en circulation inversée (RC) et forages diamantés.
Dateline augmente sa capacité de forage en faisant appel à Major Drilling pour fournir une foreuse RC haute puissance, en complément de sa flotte existante de trois foreuses détenues par la société. Le programme vise à étendre la ressource aurifère actuelle de 1,1 Moz et à explorer de nouvelles cibles d'or et d'éléments de terres rares (REE) identifiées par des enquêtes magnétotelluriques. Parallèlement, un programme de forage géotechnique est en cours pour soutenir les études d'ingénierie de niveau Bankable Feasibility Study (BFS).
Dateline Resources (OTCQB:DTREF) hat eine umfangreiche Bohrkampagne auf seinem 100%-igen Colosseum Gold-REE-Projekt in Kalifornien gestartet. Das Unternehmen hat ein umfassendes Bohrprogramm von über 10.000 Metern begonnen, das bis 2025 andauern wird und sowohl Reverse-Circulation-(RC)- als auch Diamantbohrverfahren kombiniert.
Dateline erweitert seine Bohrkapazitäten, indem Major Drilling eine leistungsstarke RC-Bohranlage zur Verfügung stellt, die die bestehende Flotte von drei firmeneigenen Bohrgeräten ergänzt. Das Programm zielt darauf ab, die derzeitige 1,1 Mio. Unzen Goldressource auszubauen und neu identifizierte Ziele für Gold und Seltene Erden (REE) zu erkunden, die mittels Magnetotellurik entdeckt wurden. Parallel dazu läuft ein geotechnisches Bohrprogramm zur Unterstützung von ingenieurtechnischen Studien auf Bankable-Feasibility-Study-(BFS)-Niveau.
- Expansion of drilling capacity with addition of high-performance RC rig
- Existing substantial gold resource of 1.1 Moz
- Dual commodity potential with both gold and rare earth elements
- 100% ownership of the Colosseum Project
- Multiple high-priority gold targets identified through geophysical surveys
- Extended timeline with drilling continuing through end of 2025
- Significant capital expenditure required for expanded drilling program
SAN BERNARDINO COUNTY, CA / ACCESS Newswire / September 10, 2025 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF) (Dateline or the Company), a North American-focused mining and exploration company, is pleased to announce that it has commenced a major drilling campaign at its
Highlights
Drilling Underway - Drilling has commenced this week at the
100% -owned Colosseum Gold-REE Project in California.Expanded Drill Fleet - Major Drilling has been contracted to provide a high-powered, fast reverse circulation (RC) rig, supplementing Dateline's fleet of three company-owned drill rigs (two currently on site) and significantly boosting drilling speed and capacity.
Large-Scale Campaign - The total drilling program is expected to exceed 10,000 metres of combined RC and diamond drilling, with activities anticipated to continue through the remainder of 2025.
New Gold & REE Targets -Recently identified magneto-telluric (MT) generated gold and rare earth element targets are being refined and will be progressively incorporated into the drilling plan. These include multiple high-priority gold targets (breccia pipe anomalies) and deep REE targets identified by geophysical surveys.
Geotechnical Program - A dedicated geotechnical drilling program is underway in parallel, gathering critical data to inform mine planning and support BFS-level engineering studies.
Accelerating BFS - The program will accelerate the Colosseum BFS, with drilling data to support mine design and resource upgrades aimed at expediting the timeline to first gold production.
Drilling started this week and will include extensional gold drilling around the existing 1.1 Moz gold resource, as well as testing new regional targets. This campaign represents a pivotal step in advancing the Bankable Feasibility Study (BFS) and is aimed at accelerating Colosseum's development toward near-term gold production.
To maximise efficiency and drilling throughput, Dateline is augmenting its on-site drill fleet. While the Company currently has two owned drill rigs at Colosseum, it has opted to deploy one of its own diamond drill rigs and supplement it with a high-performance reverse circulation (RC) rig provided by Major Drilling, the world's leading provider of specialized drilling services in the metals and mining industry.
The contracted RC rig is being mobilised to site in the next 1-2 weeks and offers faster drilling rates, allowing the Company to rapidly progress both mineral resource-definition drilling and exploration of new targets in tandem. In addition to mineral resource drilling, a geotechnical drilling program has commenced, which will collect essential data on rock stability and ground conditions to feed into mine design and planning for the BFS.
The drilling plan will also progressively test several new exploration targets for gold and rare earths. These targets have been generated from recent exploration datasets, including a 3D magneto-telluric (MT) geophysical survey and detailed geochemical and mapping programs. Notably, the Company has identified six high-priority gold target areas (interpreted as potential breccia pipe structures) exhibiting similar geophysical signatures to the known gold-bearing pipes at Colosseum.
Additionally, multiple deep-seated resistivity anomalies pointing to possible carbonatite-hosted REE mineralisation (analogous to the nearby Mountain Pass mine) have been delineated. Ongoing analysis of the MT and geochemical results is refining these targets, which will be added to the drill schedule as they are confirmed and ranked. By pursuing gold and REE exploration in parallel, Dateline aims to unlock Colosseum's dual commodity potential efficiently and enhance the project's overall economics.
The total drilling program is expected to exceed 10,000 metres of RC and diamond drilling. This extensive campaign, one of the largest undertaken at Colosseum, is scheduled to run through at least the end of 2025. Drilling results will be reported as they become available and will feed directly into the Colosseum BFS workstreams, including a potential updated Mineral Resource estimate and open-pit mine designs.
Dateline's Managing Director, Stephen Baghdadi, commented:
"This is an exciting phase for Dateline as we kick off a major drill program at Colosseum, which is instrumental in accelerating our feasibility study and bringing us closer to production. By utilizing our in-house diamond rig alongside Major Drilling's high-powered RC rig, we can significantly increase the pace and scope of drilling, allowing us to tackle mineral resource infill, extensional drilling, and new target testing all at once.
"The ability to drill more metres faster will fast-track the Colosseum BFS and shorten the timeline to first gold production. We're also eager to drill the newly identified gold and rare earth targets, which have the potential to add substantial value."
Figure 1: Plan view of Colosseum with areas to initially be targeted in the drilling program
Figure 2: Diamond drilling underway at Colosseum
About Dateline Resources Limited
Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF) is an Australian publicly listed company focused on high-value mining and exploration in North America. Its flagship Colosseum Gold-REE Project in California's Walker Lane Trend combines a proven gold resource with emerging rare earth potential, positioning Dateline as a leader in critical minerals and precious metals.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of applicable securities laws. These statements relate to future events or performance, including the potential of the Colosseum Project, the benefits of U.S. government support, the company's plans for future development, and the strategic importance of the project for U.S. critical minerals supply. Forward-looking statements are based on current expectations, estimates, and projections and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include fluctuations in gold and rare earth element prices, changes in regulatory or permitting processes, geological or technical challenges, market conditions affecting capital raising, environmental or social factors, and risks related to securing government funding. Dateline Resources cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The company undertakes no obligation to update or revise these statements, except as required by law.
Contact Information
Stephen Baghdadi
Managing Director
Dateline Resources Limited
+61 2 9375 2353
info@datelineresources.com.au
www.datelineresources.com.au
Andrew Rowell
Corporate & Investor Relations Manager
a.rowell@dtraux.com
+61 400 466 226
Follow Dateline on social media:
X: @Dateline_DTR
Truth Social: @dateline_resources
LinkedIn: dateline-resources
This press release is authorized for release by the Board of Dateline Resources Limited.
SOURCE: Dateline Resources Limited
View the original press release on ACCESS Newswire
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