Dakota Gold Corp. (DC:NYSE American) announced positive drill results from its Richmond Hill project in South Dakota's Homestake district, according to a January 31 research note from Agentis Capital analysts Michael Gray and Jake Savage.
The eight holes contained high-grade rare earth element (REE) mineralization, highlighting the potential of the project.
Multiple intercepts yielded total rare earth oxide (TREO) grades above 3%, composed of approximately 12% neodymium and praseodymium (NdPr). These are critical elements used in permanent magnets. Significant intervals included:
- 35.7 meters grading 3.5% TREO, including 1.5 meters at 12.9% TREO (1.4% NdPr)
- 30.2 meters grading 3.4% TREO
- 23.2 meters grading 2.7% TREO, including 13.6 meters at 3.8% TREO
The REE mineralization covers a broad area, spanning over 300 meters by 300 meters down to 300 meters depth. The mineralization may be related to the remobilization of REEs from an intrusive source into breccia pipes. Dakota Gold's Richmond Hill sits just 45 kilometers from Rare Element Resources' Bear Lodge project, which is partly owned by military drone supplier General Atomics.
The analysts highlight the strategic value of domestic REE discoveries, given the critical use of these elements in defense applications.
"We think this discovery at Richmond Hill could help DC advance the asset with respect to permitting and potential non-dilutive government funding opportunities," the analysts wrote.
The report pointed out two key catalysts for Dakota Gold being, the ongoing drilling of Maitland and Richmon Hill Targets and the Richmond Hill resource estimate due in the first quarter of this year.
| Want to be the first to know about interesting Gold investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
Important Disclosures:
- Dakota Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Dakota Gold Corp.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
For additional disclosures, please click here.
Disclosures for Agentia Capital, Dakota Gold Corp., January 31, 2024
This report has been prepared by Agentis Capital Mining Partners for general information purposes only. This report should not be considered a solicitation to purchase or sell securities, a recommendation to buy or sell securities or investment advice, and any opinions expressed herein are the views of the author as at the date of the report. This document does not take into account the particular investment objectives, financial situations or needs of individual recipients, or other issues which may exist for certain individual recipients. Recipients should rely on their own investigations and take their own professional advice before investment. Information contained in this report is derived from sources believed to be reliable, but its accuracy cannot be guaranteed. In the United States this product is only intended for distribution to major institutional investors.
Agentis Capital Mining Partners and its affiliates and associates, and their respective partners, directors, officers, employees, representatives and family members may hold positions in, and may buy or sell securities of, the companies referred to in this report. Additionally, Agentis Capital Mining Partners and its affiliates and associates (collectively, “Agentis Capital”), may have in the past provided, and may in the future provide, financial advisory and other services to the companies referred to in this report and receive financial and other incentives from the companies as consideration for the provision of such services.
The Author/Analyst of the report will not purchase or sell any securities within 48 hours of publishing a report.
A member of Agentis Capital has visited/viewed material operations of the issuer.
