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Dakota Gold intersected more high-grade gold mineralization at the Maitland Gold project in South Dakota showing similarities to the nearby former Homestake mine that produced 40 million oz. over more than a century.
“Mineralization in the JB gold zone at Maitland is analogous to the gold mineralization found in the West Ledge system at the historic Homestake mine,” James Berry, vice-president of exploration, said in a release. “In the West Ledge, the best grades were encountered at depths that Dakota Gold’s exploration programs have yet to drill test at Maitland.”
Barrick Gold holds 2.5% of Dakota after the junior in 2020 acquired Maitland, which is about 6 km northwest of the former Homestake mine. During its heyday from the late 1870s to 2001, it was the largest and deepest mine in the Western Hemisphere.Dakota’s co-chairmen are Robert Quartermain, the Canadian Mining Hall of Famer who advanced the Brucejack mine now held by Newmont in British Columbia, and former BHP senior executive Stephen O’Rourke.
Dakota has drilled high-grade gold intercepts at the 34 and 35 ledges in Maitland’s JB Gold zone that remain open along strike and to depth. Drilling is tightening spacing to less than 250 metres to delineate the mineralization, the company said.
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