Dateline Resources Secures Water, Infrastructure for Colosseum Gold Project
Update: 2025-12-29
Description
Dateline Resources secures critical water rights and infrastructure for its Colosseum gold project in California, significantly reducing upfront costs and de-risking the project. The deal allows for a ten-year lease with a five-year extension option, covering twenty-seven acres of paved industrial land with four buildings and two groundwater wells. The project holds a one point one million ounce gold resource and rare earth potential, with a scoping study projecting strong net revenues and a high internal rate of return. Recent drilling results confirm the resource and continuity, with the project on track for construction in 2026.
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