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Dateline Resources surged 14,700% on strong drilling results at its California gold and rare earths project, now valued at $2 billion.
Dateline Resources, an ASX-listed company, has surged 14,700% since early April, reaching a $2 billion market cap, fueled by a major drilling campaign at its Colosseum gold and rare earths project in California.
The company is using a high-powered rig on-site, with a second rig en route, to test high-potential gold-bearing breccia pipes and deep rare earth targets near fenite dykes, including a promising anomaly (2200N) resembling the nearby Mountain Pass mine.
The project holds a 27.1-million-tonne gold resource grading 1.26 grams per tonne, with most classified as measured and indicated.
Drilling aims to expand the resource, support a bankable feasibility study, and gather geotechnical data.
Core samples are being analyzed to refine models, and additional surveys are planned.
Assay results from initial drill samples are pending.
Dateline Resources subió un 14,700% por los fuertes resultados de perforación en su proyecto de oro y tierras raras de California, ahora valorado en $2 mil millones.