Dateline Resources Boosts Drilling with New Rig

0:00From Sydney, this is your March 19th update. Dayline Resources just bought another diamond drill rig for its Coliseum Gold and Rare Earths project in California's Walker Lane Trend. The track mounted rig can drill down to 1,200 meters and is now up and running on site, bringing the total to three active rigs. This owner operated setup gives the company more control over its drilling schedule and shows real confidence in the project's potential. Risa Reverse Circulation Drilling Head Depths of up to 300 meters without breaking through the main host rock, suggesting the mineral. System is open deeper down. With two company-owned diamond rigs plus one contracted, they're pushing forward on a 12-hole Rare Earth Elements program right now. The managing director says owning the rig makes smart business sense for years of big drilling ahead, especially in tough desert terrain where truck. Rigs can go. It ramps up exploration speed, meaning more holes drilled and steadier news flow for investors on gold and rare earths.

1:01Once the rare earth program wraps, the new rig will shift to test more gold and rare earth targets around Coliseum and maybe even head to the music. Valley Heavy Rare Earth site or Argos Strontium Project. A third rig is zeroing in on the Northpipe Gold Zone to check for underground potential below the planned open pit. The project already holds 27.1 million tons, grading 1.26 grams per tonne gold, for 1.1 million ounces, mostly in high confidence categories and open at depth. A bankable feasibility study is due by a month's end with forecast for 635,000 ounces over an 8.3 year mine. Life. Things are heating up fast. E&N is brought to you by our sponsor. No earbuds, no headbands, no awkward sleeping positions, just a pillow that plays your sound, S-O-L-I. S-O-L-I-Pillow.com.