Dateline Resources is located beside North America's only operating rare earth mine
Stephen Baghdadi, managing director of Dateline Resources (ASX:DTR), said Dateline has pivoted from Colorado to California due to the Colosseum gold-rare earth-elements project, which he called "a real company maker with a proven resource."
In early November Baghdadi was interviewed by Kitco Mining at the International Mining and Resources Conference (IMARC 2023) in Sydney, Australia.
Located 10 km north of Mountain Pass, the Colosseum mine has a JORC-compliant resource of 813,000 ounces of gold. A comprehensive mapping, sampling and gravity survey has located several REE targets that are ready to be drill-tested.
Dateline benefits from being close to Mountain Pass.
"Mountain Pass is the only operating rare earths mine in North America, in fact in the West as well, outside the Lynas Corporation in Mount Weld, [Australia]. So being 10 km away from them puts us in the unique position of not needing to build a lot of infrastructure if we find a maiden resource," said Baghdadi.
To advance the project, Baghdadi said his company is organizing historical drill results.
"When we bought the project from Barrick, we had 141 boxes of data we needed to digitize. We've digitized the data, we've drilled out the resource," said Baghdadi. "We're up to 813,000 oz of gold. We've also conducted gravity surveys, rock chip samples, to prove up the prospectivity of the critical minerals."
Dateline has also acquired an 80% interest in the Argos strontium project, considered to be the country's largest strontium deposit.