Dateline Resources (ASX:DTR) receives Colosseum mining rights

Dateline Resources (ASX: DTR) has received confirmation of its vested rights to access and extract mineral resources at the Colosseum mine, California.

The mine contains a JORC-2012 compliant Mineral Resource estimate of 20.9Mt @ 1.2g/t Au for 813,000oz.

Of the total Mineral Resource, 258koz @1.2g/t Au (32%) are classified as Measured, 322koz @1.2g/t Au (39%) as Indicated and 235koz @1.3g/t Au (29%) as Inferred.

Dateline Resources says it's planning a drill program to test for rare earths and expand the known gold mineral resources at depth over the coming months.

The company has a current market cap of $20.35M and is chaired by Mark Johnson AO, with Stephen Baghdadi as the Managing Director.