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Dakota Territory Resource Corp Substantially Increases Land Position
Through this most recent staking, the City Creek project area has been expanded from approximately 449 acres to 1,167 acres.
Dakota Territory controls just over 4,000 acres of brownfields mineral property in one of America’s richest gold districts. The Company intends to continue to strategically expand its dominant land package in the district as industry interest grows for exploration property in safe, low cost jurisdictions in the United States with a history of large-scale gold production.
The Homestake Paleoplacer Channel
The Channel Extension (CE) drill program cut a total of 5,726 meters from 27 drill holes, including CE 12A and CE 16, both of which were collared and drilled on Mineral Survey 1706. Drill hole CE 16 intersected 3 meters of flat lying quartz-pebble conglomerate of the basal Deadwood Formation assaying 5.85 grams per ton gold at a depth 164 meters below the surface. Additionally, drill hole CE12A intersected 2 meters of Deadwood Formation assaying 8.46 grams per ton gold at a depth of 192 meters below the surface.
Who doesn't want to be a Gold prospector?
Get in . Something going on.
The best is yet to come
.i see the company waking up
Nice news for $DTRC
Now you need to Drill Drill Drill. Dilute that small share structure a 100 Million. It won't hurt anyone but give us some liquidity. excitement and the ability to buy sub penny for the long haul.
https://www.otcmarkets.com/stock/DTRC/news/Dakota-Territory-Resource-Corp-Announces-High-Grade-Gold-Mineralization-at-Recently-Acquired-Maitland-Property?id=159719
NEW SDakota Territory Resource Corp Completes Property Acquisition ,
Dakota Territory Resource Corp Completes Property Acquisition
Reno, NV, April 10, 2017 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp (DTRC) ("Dakota Territory" or the "Company") is pleased to announce that the Company has entered into agreements with Trucano Novelty, Inc. to acquire a combination of surface and mineral title to 284 acres located in the Homestake District of the Northern Black Hills of South Dakota.
City Creek Expansion
Approximately 61 acres of Dakota Territory’s property acquisition are located immediately to the south and are contiguous to the Company’s City Creek Property. The ?City Creek Property is an iron-formation hosted gold target and is located on the northeastern extension of Homestake formation at a distance approximately one mile from the discovery site of the Homestake Mine. Homestake Mining Company’s widely spaced drill programs at the City Creek Property in the 1970’s and 1980’s produced intersections of gold mineralization in the classic quartz vein, chlorite-arsenopyrite mineralization style of the Homestake Mine.
Maitland Mine Area Acquisition
Dakota Territory has acquired approximately 82 acres located approximately one half mile south of the Company’s Blind Gold Property at the western fringe of the historic Maitland Gold Mine. The property is underlain by mineralized Homestake iron-formation and is also known to carry Tertiary-aged gold-silver replacement mineralization extending from the Maitland Mine. Homestake Mining Company drilled numerous core and reverse circulation holes on the property beginning in the 1960’s and continuing through the early 1990’s.
Homestake Paleoplacer Extension
Located immediately to the north and adjoining the Company's Paleoplacer Property, the Company has added approximately 141 acres covering an additional 2,600 feet of the Homestake Paleoplacer trend.
It has been estimated than more than 10 million ounces of gold were eroded from the Homestake Lode producing rich placer deposits that were subsequently covered by younger sedimentary and igneous rocks. Approximately 1.5 million ounces of the gold eroded from the Homestake Lode have been realized by various means of historic production, including a string of underground paleoplacer mines stretching northward from the Homestake Lode to point that the channel disappears under cover at the Deadbroke Mine.
In the 1980’s, Homestake Mining Company drilled at least 27 drill holes on property now controlled by Dakota Territory to explore for the northward extension of the paleochannel under cover. Homestake’s programs discovered significant gold mineralization in the channel at a distance approximately 1,800 feet north of the Deadbroke Mine. Over the past two years, Dakota Territory has subsequently utilized historic drill data and research data pertaining to the unconformity to model the surface terrain that existed at the time of placer deposition to project the paleochannel with a much higher degree of confidence. With its most recent land acquisition, Dakota Territory now controls more than a mile of the channel
Dakota Territory Resource Corp (NASDAQ:DTRC) Richard Lynn Bachman (Insider) Buy 94,189 shares @ $0.03 $2,825.67 12/19/2016 View $0.03
Drilling starts soon! may be----up 204% ??????
News out! Drilling starts soon!
Float is very low,
Time to buy?
Will do but shouldn't they push news for investors
GO OTC.COM AND SEE THE NEWS
Actually didn't see news yesterday.
Hoping they are ready to drill or sell land and cash us out
Never saw news.
In January / February the company put news--- any thought ???
hu, Feb 19, 2015
7:00 AM Dakota Territory Resource Corp obtains 6.2 gpt Gold on Blind Gold Property - GlobeNewswire
Thu, Feb 12, 2015
7:00 AM Dakota Territory Resource Corp Extends Prospective Homestake Formation on Blind Gold Property - GlobeNewswire
Tue, Feb 03, 2015
6:59 AM Dakota Territory Resource Corp Advances with Gold Upturn to Model Gold Properties in the Black Hills of South Dakota - GlobeNewswire
Tue, Jan 27, 2015
7:00 AM Dakota Territory Resource Corp Sees Significant Opportunity After Review of Acquired Historic Drill Data in U.S. Gold Fields - GlobeNewswire
Tue, Jan 20, 2015
7:01 AM Dakota Territory Resource Corp Identifies New Gold Mineralization at Historic Minerva Mine - GlobeNewswire
Tue, Jan 13, 2015
7:00 AM Dakota Territory Resources Corporation Extends Gold Mineralization at the Company's Homestake Paleoplacer Property - GlobeNewswire
Here's mine
Tom@approvedforwarders.com
I tried 4 times.
No bro sorry....
Did you get my email
Lots of activity today
Send your private. I can't send private. Please. Legit opportunity
send me yours first I don't want it scraped here. Please and thank you.
Momo. What's your email
i dont know. i dont follow the company. i just noticed it yesterday and it is in south dakota thats what i was referring too.
Didn't they have news today
We always go to the Black Hills for summer vacation. Ive Been to the Homestake Mine many times. I'll have to check this one out this summer.
Well, there is tons of gold everywhere... All over the world, the million dollar question is how much and where. This scan we have is 50 years ahead of the pleistocene methods being employed presently. OR your money back. But since the CEO is a geologist, I am not holding my breath, they are the most resistant to new methods.
Great news to confirm what's already known, there is gold in them hills.
Sounds good, we can make sure every drill result is optimal. And of course the networks follow that bell. We just blew away a much higher priced gold mining company with an overlap scan we did on a neighbouring company. They opined that we know more in two weeks than they do in four years of 20 fulltime rockhounds collecting data with millions spent. They are going into production, but now instead of making 30 million dollars a year, they might make four times that.
Technology is here, rockhounding is gone. As fun as it was, and as glorious at is seemed, its Flinstones with footpedal cars now.
I can put you in touch with their consultants and IR firm.
I am conferring with the richest and supposedly top geologist in the world and he refuses to believe what we have. Rockheads are very much this way. But fact is, we can go into the DTRC property or properties and give them a significant diagnostic to turn them into a monster. But a lot of these guys are geologists/rockheads and almost refuse to believe that there is technology that can save them 25 years of rock hounding.
Only way I would invest and network DTRC would be that they would shortcut with our methods instead of the old Fred Flinstone and Barney Rubble methodology. Many refuse to give up old paradigms. Chart looks great. Growth could be spectacular.
Thanks MOMO
I have been on bid for a while with no real hits. Looks like whoever brought this to 7 is gone and it's back up to 30's soon.
Lovely chart, for me anyways. I think I am going to call Mr. Bachman and see if we can get this company firing up...
Low oil prices good for mining companies.
Anybody around here?
As part of the Deadbroke Mining Company Inc. property acquisition, Dakota Territory purchased an additional 64.39 mineral acres located immediately southwest and contiguous to the Company's Paleoplacer Property, including the historic Gustin, Minerva and Deadbroke Gold Mines. The three mines were the last of a string of mines that produced ores from fossil gold placers derived from the Homestake Lode and are located at the point where the channel disappears under the cover of younger sedimentary and intrusive rocks approximately one mile north of the Homestake Open Cut source.
Hey pennies
Did you see the news today about permits pulled for drilling?
Dakota Territory aims to have next Homestake mine; on the acquisition trail
By Angela Kean
Dakota Territory Resource Corp. believes it could potentially develop another Homestake mine in the Black Hills region of South Dakota, with its landholding located on the same structural trend that hosts the former Barrick Gold Corp.-owned mine that produced 40 million ounces while it was in operation.
In terms of total historic U.S. gold production, the Black Hills ranks second only to the Carlin district of northeast Nevada, with more than 44 million ounces of gold produced over the past 136 years from a 100-square-mile area known as the Homestake district.
Dakota Territory wholly owns the Blind Gold, City Creek and Homestake Paleoplacer properties, all of which are located in the heart of the Homestake district and cover a total of 3,057 acres.
In the 1980s and 1990s, Homestake Mining Co., which was later acquired by Barrick Gold in 2002, undertook a US$70 million exploration program managed by Richard Bachman, who is now president and CEO of Dakota Territory, which was focused primarily on the search for a repeat of the Homestake mine.
The exploration program successfully discovered significant new gold mineralization 2 miles northwest of the producing mine and proved the continuous extension of the Homestake iron-formation host to a distance of about 4 miles and under the Blind Gold property.
Low gold prices forced the suspension of the Homestake effort in 1994 and no further work was conducted prior to the closure of the mine in 2002.
Since then, Bachman and Dakota Territory Vice President Gerald Aberle, who also worked at Homestake Mining previously, have returned to the district in a bid to develop the next Homestake mine.
Dakota Territory is currently in the process of defining an initial NI 43-101-compliant resource for the Homestake Paleoplacer property from historic exploration data, and hopes to have that completed by the end of the U.S. summer, if not sooner, Bachman told SNL Metals & Mining.
"The upper end of the resource we think is 2 million ounces-plus on this particular property and we have good data to indicate this property is a derivative of the Homestake," he said. "It's an erosion of the Homestake lode, where the Homestake orebody outcrops and was discovered in 1876; the first 1,000 feet of that deposit produced 10,000 ounces per vertical foot. So there was 10 million ounces in the first 1,000 feet of that lode."
Bachman said the 2 million-ounce forecast applies to the first mile north of the Deadbroke mine, which Dakota Territory acquired in March, but there is evidence of further mineralization to the north that could potentially amount to as much as 8 million ounces, of which 2 million ounces is believed to have already been produced.
Peak assays recorded in historic drilling indicate potential grades of up to 17 g/t of gold.
Dakota Territory is planning to carry out its first drilling program, comprising about 14 holes, on the Homestake Paleoplacer property during the summer to test the extent and grade of gold mineralization surrounding the Deadbroke mines.
The program will also test the extent and grade of gold mineralization surrounding the Gustin and Minerva mines that were not sampled by Homestake in the 1970s, as well as test the higher-grade core mineralization extending from the Deadbroke mine northward 1,800 feet to the discovery indicated by Homestake Mining's historic drill programs of the late 1980s.
Bachman said the economics of developing a mine in the region look pretty "spectacular" due to the gold from the historic Homestake mine being free-milling and yielding high recoveries using simple, conventional processes.
"All that gold was free milling, very simple gravity and cyanide and they got 98% recovery on that," he said. "We've done preliminary economics using costs from local mining data and whatnot and of course these ores will all be free milling and it will be relatively high-grade. This resource we're looking at is, we think, going to be between 7 and 10 grams [per tonne] and very shallow ramp access-type mining."
Dakota Territory could potentially bring a new mine into production within two to three years depending on the outcome of drilling, Bachman said.
The company currently has between US$400,000 and US$500,000 in cash reserves, with a cash burn of about US$25,000 per month, and is also in the process of undertaking a US$2.5 million capital raising to be completed in about two to four weeks.
Aberle told SNL that while the capital raising is not a bought deal, the company has an overallotment provision that it hopes will be utilized.
"We're going first to some institutional investors that have already participated in some small raises that we did early on, and we've got pretty good confidence that this is going to go quickly and we're hoping that we're working in the overallotment category," he said.
Dakota Territory has outlined a budget of about US$1.8 million to fund the planned drilling program, with the balance of the cash to be allocated to the refinement of drilling data and working capital for the rest of the year.
Bachman said that at this stage the company has no plans to farm out any of its landholdings to a potential joint venture partner.
Instead, Dakota Territory is looking to increase its landholding. "We look to acquire more property in the district based on the data and the knowledge we have and our experience," he said. "So at this point in time we don't look to venture anything out, we look to acquire more properties.
"I would expect by the end of the summer, September/October, we'll have 50% more land than we have now."
Yes. Also gold up big today
Volume picking up. Ask thin
Interesting Read: Gold Miners Feel Lucky in Search for Nevada Buried Riches
"......That explains why Goldrush remained undiscovered through multiple owners, including Homestake Mining Co., which found in the 1980s low-grade ore that couldn’t easily be processed then and discarded the prospect....."
Gets you thinking what else Homestake Co may have discarded....
http://www.bloomberg.com/news/2014-06-17/gold-miners-feel-lucky-in-search-for-nevada-buried-riches.html
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