Business
Dakota Gold Announces 9.46 grams/tonne gold over 6.4 meters of Homestake Mine-Style Gold Mineralization at the Maitland Gold Project
Lead, South Dakota--(Newsfile Corp. - June 20, 2024) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to announce that it has
About this update from Dakota Gold Corp.
[{"type":"text","content":" Lead, South Dakota--(Newsfile Corp. - June 20, 2024) - Dakota Gold Corp. (NYSE American: DC) (\"Dakota Gold\" or the \"Company\") is pleased to announce that it has intersected additional high-grade Homestake Mine-style gold mineralization within the ledges of the JB Gold Zone at the Maitland Gold Project (\"Maitland\") in South Dakota. Significant Highlights (See Table 1): The growing array of drill holes targeting Homestake Mine-style gold mineralization has produced multiple high-grade gold intercepts in at least three distinct ledges within the JB Gold Zone at Maitland: 34 Ledge, 35 Ledge and 36 Ledge. Drill hole MA24C-050 returned 9.46 grams/tonne (g/t) gold over 6.4 meters within the 36 Ledge. The intersection is a 66.1 meter lateral offset towards the north and a 51.2 meter vertical offset above previously announced drill hole MA24C-038 on April 4, 2024 which intersected 25.03 g/t gold over 4.4 meters. Other reported drill holes have intersected positive drill results with Homestake Mine-style mineralization within the 36 Ledge including, MA23C-021, MA23C-024, MA23C-024A, MA23C-024B, MA23C-024C, MA23C-024E, MA23C-025, and MA24C-049. Drill holes MA23C-031, MA24C-037 and MA24C-046 appear to be in an east limb of the 35 Ledge system. Drilling at Maitland continues to transition from wider spacing of approximately 250 meters, to tighter spacing to further delineate the mineralization within identified ledges, which remain open along strike and to depth. James Berry, Vice President Exploration of Dakota Gold, said, \"These results further support our belief that Homestake Mine-style gold mineralization in the JB Gold Zone at Maitland is analogous to the gold mineralization found in the 'West Ledge' system at the historic Homestake Mine that produced approximately 6 million ounces of gold. As we have previously noted, in the West Ledge, the best grades were encountered at depths that Dakota Gold's exploration programs have yet to drill test at Maitland. We look forward to continuing to expand upon our drill programs success through the remainder of 2024.\" Table 1. New Homestake Mine-style gold mineralization drill results (Metric / Imperial)1,2,3 Hole # From To Depth Interval* Gold From To Depth Interval* Gold Mineral Type g x m ft ft ft ft oz/ton m m m m g/t MA23C-021 2460.7 2465.0 1900.0 4.3 0.107 750.0 751.3 579.1 1...