Dakota Territory Resource Corp. Obtains 6.2 Gpt Gold on Blind Gold Property
Feb 19 15
Dakota Territory Resource Corp. announced results from the Company's first-pass heavy mineral stream sampling program conducted on False Bottom and Tetro Creeks at the Company's 100% owned Blind Gold Property in the Black Hills of South Dakota.Â The two creek drainages generally flow from south to north transecting approximately three kilometers of Dakota Territory's Blind Gold Property.Â Significant gold was noted in both the False Bottom and Tetro drainages, with a peak gold value of 6.230 grams per tonne (gpt). Dakota Territory commissioned the survey on the Blind Gold Property to establish the occurence of gold in the drainages thereby indicating the presence of a lode source on the Property.Â The drainages were panned by a qualified technician to visually establish the presence of gold, with panned concentrates retained for assay analysis to confirm field observations. A total of 17 program samples were assayed, all of which returned anomalous gold values as follows; 2.100 gpt, 1.170 gpt, 0.315 gpt, 0.285 gpt, 0.171 gpt, 0.174 gpt, 0.176 gpt, 0.168 gpt, 0.158 gpt, 0.135 gpt, 0.079 gpt, 6.230 gpt, 0.111 gpt, 0.109 gpt, 2.450 gpt, 0.063 gpt, and 0.038 gpt. The results of Dakota Territory's first-pass drainage sampling program have conclusively established the presence of gold in the major drainages of the Blind Gold Property and also serve to validate historic samples collected by Homestake Mining Company from a 700 meter section of False Bottom Creek that produced gold values of 1.500 gpt, 0.120 gpt, 17.200 gpt, 0.110 gpt, 0.150 gpt, 1.000 gpt, 0.180 gpt, 3.960 gpt, 0.310 gpt, 0.418 gpt, 0.0.150 gpt, 1.250 gpt and 0.240 gpt.
Dakota Territory Resource Corp. Advances with Gold Upturn to Model Gold Properties in the Black Hills of South Dakota
Feb 3 15
Dakota Territory Resource Corp. announced that company has completed an internal technical analysis of conceptual development plans for the Homestake Paleoplacer Project in the northern Black Hills of South Dakota. The technical analysis has been conducted in an effort to develop a comprehensive project schedule, to identify critical path project elements, to optimize surface and underground drill programs and to test the potential economic viability of a technically successful project. The conceptual underground exploration/development plan is centered on a 3 by 4 meter ramp system driven on a decline grade of 12% (1 meter of drop for every 8 meters of run). The ramp has been designed to parallel the gold paleoplacer channel over a sinuous strike length of 1700 meters to provide access for underground definition drilling and bulk sampling programs. The Homestake Paleoplacer gold mineralization lies on an unconformity surface that dips to the north at approximately 6 degrees. Gold mineralization outcrops at surface at southern end of the property and has been tracked by drilling to a depth of approximately 210 meters below surface at the northern end of the property. The physical characteristics of the channel are ideally suited to selective mechanized mining methods developed and utilized at the Homestake Mine.
Dakota Territory Resource Corp Identifies New Gold Mineralization at Historic Minerva Mine
Jan 20 15
Dakota Territory Resource Corp. announced that a surface sampling program conducted at the historic Minerva and Gustin gold mines at the company's Homestake Paleoplacer Project in the northern Black Hills of South Dakota has identified new areas of gold mineralization. Dakota Territory collected a total of 14 outcrop samples from the paleochannel at the south end of the property. Gold assay values ranged from 0.109 grams per tonne to 2.54 grams per tonne, with an average gold assay value of 1.01 grams per tonne. Additionally, the program discovered gold mineralization in a quartz-pebble conglomerate block of Deadwood Formation that appears to be faulted up to the surface at the eastern margin of the Minerva mine. This gold mineralization had not been previously identified by historic geological mapping of the property and defines a new near-surface drill target approximately 200 meters wide by 400 meters long east of the Minerva Mine.