Dateline Resources completed the Colosseum acquisition


Dateline Resources (ASX: DTR) has completed the acquisition of the majority interest in the Colosseum.

Dateline Resources (ASX: DTR) is an ASX-listed mineral exploration, and development company focused on projects in Central and Eastern Europe. The company's strategy is to explore for and develop a high-grade base and precious metal deposits across a portfolio of investment opportunities. Dateline Resources has a long history of identifying and developing world-class mineral resources, with over 20 years of experience working in the region.

The company's portfolio includes two substantial ounces of silver/lead/zinc project prospects in Bulgaria, the Pb-Zn-Ag lead/zinc project opportunity at Kolodensky in Bulgaria and the early-stage uranium exploration project at Vassiliko in Greece.

The company's current focus is on its major investment opportunities, which include the Stranzha Gold Project (lead/zinc) in Bulgaria and the Borsko Lead-Zinc-Silver Project also in Bulgaria.

Dateline Resources Limited signed a binding agreement on 30 November 2016 to acquire a majority interest in the Colosseum Gold Project. The Company and Metals & Mining Enterprises (ASX: MMZ) had executed an Exchange of Agreement for 100% acquisition of Colosseum Gold Project in October 2016.

Dateline Resources Limited has almost doubled its landholding at Mt Borsko with the acquisition of a six-year exploration license for an area of 1,937 hectares. The new landholding will significantly increase the potential to discover additional gold/silver mineralization at Mt Bosko.

Dateline Resources Limited has signed a Binding Agreement on 29 September 2016 to acquire 100% interest in two key exploration licenses from Metals & Mining Enterprises. The Licenses are located in the Vassiliko-Mount Borsko area of the Eastern Rhodope Mountains, Bulgaria.

Data from Barrick and satellite imagery to assist in the exploration

Barrick Gold Corporation is a Canadian-headquartered multinational gold producer. The company operates in various regions, including North America, South America, Europe, Asia, and Australia. Barrick aims to create sustainable development opportunities for its employees, communities, and other stakeholders through excellence in safety performance, social responsibility initiatives, innovative product design that includes recycling technology for use for mining equipment components.

Satellite imagery can be used to assist explorers during exploration. Satellite images have the benefit of being able to view large areas of land at one time. The images are taken over a period of time in order to record changes in topography and vegetation, which can assist explorers with site selection, monitoring land use issues like encroachment, and identifying lithology through the analysis of color.

Some of the main upshots that geologists look for when assessing satellite imagery is whether or not there is a large-scale topographical feature visible, such as a circular valley. In the case of Mt Borsko, there is an elliptical valley clearly visible from satellite imagery which shows evidence of river erosion and deposition.

The area that is being mined has been explored in detail over the last two decades, with a number of drill holes going into the ore body. This means that anything that could possibly be exploited has been identified, and a gold mineralized zone of around 3km by 1km in size has been mapped so far.

The deposit is made up of two main types of mineralization. The first is an auriferous quartz-sulfide vein system that ranges from 1 to 5 meters in width, and the second is a disseminated-replacement style system that covers an area of approximately 1,400 to 2,200m by 1,000 to 3,800m.

Comments / 0

Published by

Well I am a full-time blogger and running some websites regarding language

Indiana, PA

More from Manpreet

Comments / 0