Latest news with #StephenBaghdadiManagement
Sydney Morning Herald
2 days ago
- Business
- Sydney Morning Herald
Dateline unearths six new breccia pipes at US Colosseum gold play
Dateline Resources has added another serious dose of excitement to its already supercharged Californian play after geophysics lit up six new, potentially gold-rich breccia pipes at its Colosseum gold and rare earths project. The market duly took notice, pushing Dateline's share price to a new fresh high of 24 cents a share on heavy trading. In just four months, the stock has rocketed an eye-watering 3900 per cent from its April low of 0.006 cents. The company picked up the large-scale anomalies after putting the results from a recent 3D magnetotelluric (MT) survey together with data from an earlier gravity study. The analysis revealed the same striking geophysical fingerprints of coincident gravity lows and resistivity lows as two identified mineralised pipes. The picture being painted is hard to ignore: Dateline's North and South pipes have already historically produced 344,000 ounces of gold and further defined a 1.1-million-ounce JORC resource, pointing to a high chance of multiple discoveries. 'The convergence of geochemistry, gravity and MT resistivity data has given us confidence in six new priority gold targets within 1.5km of the Colosseum.' Dateline Resources managing director Stephen Baghdadi Management says four of the new anomalies are as big, if not bigger, than the signatures tied to the current resource. The known pipes remain open at 250 metres depth and fresh MT modelling shows they plunge at least another 300m, hinting at a far bigger mineralised system than first thought. Dateline Resources managing director Stephen Baghdadi said: ' The MT survey has correlated strongly with the existing 1.1-million-ounce mineral resource estimate. In June, we re-examined the 2023 gravity data alongside new geochemical results from felsite outcrops, confirming that the breccia pipes sit within gravity lows and that felsite dykes carrying gold-pathfinder elements are also coincident with gravity lows on the western margin of the pits. This convergence of geochemistry, gravity and MT resistivity data has given us confidence in six new priority targets within 1.5km of the Colosseum mineral resource.' Among the new hot spots, Target 5 has captured plenty of attention. Stretching about 500m by 300m, it shows the broadest resistivity low of all the anomalies and plunges to a staggering 900m. Dateline says its depth and continuity point to a towering breccia body that could be packed with serious ounces. Target 6 is proving equally intriguing, management says. The 'bullseye' anomaly measures about 300 square metres and has matching gravity and resistivity lows to about 700m depth.
The Age
2 days ago
- Business
- The Age
Dateline unearths six new breccia pipes at US Colosseum gold play
Dateline Resources has added another serious dose of excitement to its already supercharged Californian play after geophysics lit up six new, potentially gold-rich breccia pipes at its Colosseum gold and rare earths project. The market duly took notice, pushing Dateline's share price to a new fresh high of 24 cents a share on heavy trading. In just four months, the stock has rocketed an eye-watering 3900 per cent from its April low of 0.006 cents. The company picked up the large-scale anomalies after putting the results from a recent 3D magnetotelluric (MT) survey together with data from an earlier gravity study. The analysis revealed the same striking geophysical fingerprints of coincident gravity lows and resistivity lows as two identified mineralised pipes. The picture being painted is hard to ignore: Dateline's North and South pipes have already historically produced 344,000 ounces of gold and further defined a 1.1-million-ounce JORC resource, pointing to a high chance of multiple discoveries. 'The convergence of geochemistry, gravity and MT resistivity data has given us confidence in six new priority gold targets within 1.5km of the Colosseum.' Dateline Resources managing director Stephen Baghdadi Management says four of the new anomalies are as big, if not bigger, than the signatures tied to the current resource. The known pipes remain open at 250 metres depth and fresh MT modelling shows they plunge at least another 300m, hinting at a far bigger mineralised system than first thought. Dateline Resources managing director Stephen Baghdadi said: ' The MT survey has correlated strongly with the existing 1.1-million-ounce mineral resource estimate. In June, we re-examined the 2023 gravity data alongside new geochemical results from felsite outcrops, confirming that the breccia pipes sit within gravity lows and that felsite dykes carrying gold-pathfinder elements are also coincident with gravity lows on the western margin of the pits. This convergence of geochemistry, gravity and MT resistivity data has given us confidence in six new priority targets within 1.5km of the Colosseum mineral resource.' Among the new hot spots, Target 5 has captured plenty of attention. Stretching about 500m by 300m, it shows the broadest resistivity low of all the anomalies and plunges to a staggering 900m. Dateline says its depth and continuity point to a towering breccia body that could be packed with serious ounces. Target 6 is proving equally intriguing, management says. The 'bullseye' anomaly measures about 300 square metres and has matching gravity and resistivity lows to about 700m depth.
