Positive Results For Twelve Drill Holes From Richmond Hill Gold Project

Positive Results For Twelve Drill Holes From Richmond Hill Gold Project

LEAD, SD – Dakota Gold Corp. reported on drill holes from the Richmond Hill Gold Project in South Dakota. These drill holes are from two separate zones: north of the Richmond Hill Breccia Pipe and the MW3 Zone. The north Richmond Hill Breccia Pipe drilling expands mineralization into previously less explored areas. The drill holes in the MW3 Zone confirm and expand historical resources, extend mineralization along strike and to depth, and have identified a high-grade, near surface structural zone which feeds downward into the Precambrian basement rocks. These drill holes returned thick intervals, above average grades and are contiguous, defining a significant large block of mineralization not previously identified.

Richmond Hill Breccia Pipe Zone drill holes RH23C-060, RH23C-061 and RH23C-062 are step out drill holes north of RH23C-0591. RH23C-061 returned three significant intervals in the upper parts of the drill hole: 0.024 oz/ton Au over 57.5 feet (0.82 grams/tonne over 17.5 meters), 0.060 oz/ton Au over 12.9 feet (2.06 grams/tonne over 3.9 meters), and 0.115 oz/ton Au over 14.3 feet (3.94 grams/tonne over 4.4 meters). This zone appears to be an extension of the higher-grade interval identified in RH23C-059, located approximately 300 feet to the south and if verified, could potentially expand the area of new higher grade mineralization into previously untested terrane.

MW3 Zone drill holes RH23C-063, RH23C-065, RH23C-068, RH23C-070, RH23C-071, RH23C-072 all contained thick intervals with higher-grades that surround and expand the mineral zone defined in RH23C-016 (average grade of 0.028 oz/ton Au (0.95 grams/tonne) over 1,007 feet (306.9 meters)). RH23C-063 intersected 0.058 oz/ton Au over 75.1 feet (1.99 grams/tonne over 22.9 meters) and RH23C-070 intersected 0.050 oz/ton Au over 140.5 feet (1.71 grams/tonne over 42.8 meters).

Both areas have the potential to expand mineralization in future resource estimations as the assay results were returned after the cutoff date for the drilling data to be utilized in the Richmond Hill S-K 1300 compliant maiden resource, expected to be completed in Q1 2024.

James Berry, Vice President Exploration, said, “These exploration results are very positive. With each drill hole, the potential Richmond Hill resource continues to grow. The shallow mineralization is open and we are finding better grades in zones internal and external to the global resource area, which will improve the ultimate economics of the project. Once we finish the initial Richmond Hill maiden S-K 1300 resource estimate in Q1 2024, work will begin to expand it using the great results.”