Dakota Gold Corp. (NYSE: DC) is celebrating the discovery of the Unionville Zone in MA22C-009, which intercepted a Precambrian hosted Tertiary breccia zone beneath Cambrian hosted Tertiary replacement gold mineralization at the Maitland Gold Project in South Dakota.
The company has also received positive results from three additional holes at Maitland, one of which (MA22C-003) encountered Homestake-style mineralization grading 10.03g/t over 3.17m.
Assays have been received for MA22C-009 from the surface to 632.55m. MA22C-009 was drilled to a total depth of 1,031.75m and assays are pending on the lower 399.2m.
Drill Hole Highlights:
- Drill Hole MA22C-009, which intersected 3.58g/t over 36.48m, was designed to test the continuity of Tertiary breccia hosted gold mineralization encountered in MA22C-001 and MA22C-002.
- MA22C-001 had previously intersected 6.69g/t over 5.0m and MA22C-002 intersected 11.66g/t over 2.8m. MA22C-001 and MA22C-002 are located 1,220ft apart in plan view, suggestive of potential strike length. Follow up drilling will continue to test the continuity and thickness.
- MA22C-003 10.03g/t over 3.17m at 1,535.98m within the Homestake Formation.
“The results of MA22C-009 and the discovery of the new Unionville Zone indicate that breccia zones related to Eocene magmatic activity in the Northern Black Hills are a largely untested opportunity for gold mineralization in the Homestake District,” Vice President of Exploration, James Berry, said.
“We did not sample for this type of gold mineralization in the Homestake Mine. Having worked as a mine geologist at the Homestake Mine, I find our Maitland drill programme very exciting with results to date providing ‘proof of concept’ for gold mineralization hosted in both Tertiary breccias as well as the Precambrian Homestake Iron Formation, extending north of the historic 40-million-ounce Homestake Gold Mine.”
The company currently has four drills operating on our properties in the Homestake District with two drills operating at Maitland targeting Homestake-hosted and Tertiary gold mineralization.
Two drills operating at Richmond Hill are targeting Tertiary breccia and replacement gold mineralization, as well as conducting infill and step-out drilling designed to convert and expand the mineralization identified by 880 historical drill holes, to SK1300 compliant resources. Tertiary mineralization in the Precambrian was often overlooked by historical exploration. As a result of the new Unionville Zone discovery, the 125-year-old historical data sets are being reviewed for additional similar potential zones in the Homestake District.
For further information please visit: https://dakotagoldcorp.com/
