Dakota Gold Corp. has announced a significant heap leachable gold resource at its Richmond Hill Oxide Heap Leach Gold Project in South Dakota, totaling 3.65 million ounces of measured and indicated mineral resources. This discovery paves the way for near-term production and is expected to be a transformative development for the company.
Dakota Gold Reports Significant Heap Leach able Gold at Richmond Hill Totaling 3.65 Million Ounces of Measured and Indicated Mineral ResourcesDakota Gold Corp. focused on heap leach able material at the Richmond Hill Oxide Heap Leach Gold Project in South Dakota that will provide a pathway to near term production.*See Appendix Table 1 notes for resource assumptions.
Complimenting the heap leachable resources, the Report has also identified significant milled resources and outlines aBarrick Gold has agreed to extend the option period for the Richmond Hill option and the Homestake option agreements until December 31, 2028 in return for additional annual payments of $170,000 and $340,000 respectively. The first of these payments are due March 1, 2026.
The resource is informed by a historical database containing 56,734 gold assays from 902 drill holes totaling 90,447 meters of drilling, and an additional 30,743 gold assays from 146 drill holes totaling 45,540 meters of drilling by Dakota Gold since 2022 to expand the resource. Richmond Hill is expected to have economics similar to the adjacent Wharf Mine of Coeur Mining which is expected to generate over $100 million in free cash flow in 2024 from approximately 90,000 ounces of gold. The Richmond Hill Oxide Heap Leach Gold Project is located primarily on previously mined, private land and we believe we can advance the project expeditiously through permitting, development and into production.
Gold Resource Heap Leach Production South Dakota
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