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Dakota Gold Provides Exploration Update for the Maitland Gold Project
Lead, South Dakota--(Newsfile Corp. - May 23, 2023) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to provide an exploratio
About this update from Dakota Gold Corp.
[{"type":"text","content":" Lead, South Dakota--(Newsfile Corp. - May 23, 2023) - Dakota Gold Corp. (NYSE American: DC) (\"Dakota Gold\" or the \"Company\") is pleased to provide an exploration update for its Maitland Gold Project (\"Maitland Gold\" or \"Maitland\"). Maitland is contiguous with the +40-million-ounce historic Homestake Mine in the Homestake District of South Dakota and hosts overlapping gold mineralization from older Precambrian and younger Tertiary gold events. The Company initiated drill testing for both types of gold deposits in January 2022 and has completed 78,958 feet of drilling and a total of 19 drill holes to date. Earlier this year the Company announced two separate discoveries, the Unionville Zone in Tertiary mineralization (see February 8, 2023, press release) and the JB Gold Zone in Precambrian-aged gold mineralization (see May 4, 2023, press release). Both gold deposits outlined in the two discoveries remain open to depth and in all directions. Highlights: Significant high-grade gold mineralization has been encountered in two discoveries, the Tertiary Unionville Zone, and the Homestake-Style Precambrian JB Gold Zone. Gold mineralization in both discoveries remain open at depth and in all directions. Similar grade Tertiary gold mineralization occurs in historical drill holes and surface grab samples (best value 9.44 g/t Au) up to 7,300 feet to the north of the Unionville discovery area forming a north-south structural zone of over 10,000 feet long with several parallel structures (i.e., the historical underground Maitland Mine) defining additional untested targets. Precambrian Homestake-style gold mineralization geometries are just now being defined but appear to be increasing in grade and widths to the north. Tertiary and Precambrian-aged structures hosting separate gold mineralizing events lie near each other leading to multiple drill targets and efficiencies in testing both systems. Holes drilled to test for Homestake-style mineralization may also opportunistically test for Tertiary mineralization. The Company currently has 53 drill pads permitted on private land north of the Unionville and JB Gold Zones that will be utilized to test and extend both gold target types. James M. Berry, Vice President of Exploration for Dakota Gold, said, \"Having two large gold systems overlapping in such a small area offers great synergies f...