Dakota Gold Corp. reported that its 2026 drill campaign at the Richmond Hill oxide heap‑leach project produced two high‑grade intersections. Hole RH26C‑388 returned 1.42 g/t gold and 5.97 g/t silver over 64 m, while hole RH26C‑396 returned 2.37 g/t gold and 24.80 g/t silver over 21.5 m. Both results exceed the 0.566 g/t average gold grade reported in the July 2025 Initial Assessment, indicating that the newly drilled zones contain richer mineralization than previously modeled.
The high‑grade intersections support Dakota Gold’s goal of converting inferred resources to measured and indicated categories, a prerequisite for reserve conversion planned for 2026. By improving the average grade of the resource, the results could enhance mine sequencing and reduce capital intensity, allowing the company to bring higher‑grade material to the surface earlier in the life of the mine. The data will be incorporated into the Pre‑Feasibility Study slated for publication in the second half of 2026, which will inform reserve estimates and capital budgeting.
The company has completed 75 % of the planned 15,481 m of drilling, amounting to 11,982 m in 80 holes. The infill drilling focused on the northern portion of the project, a strategy that has been used in previous campaigns, including a March 2026 drill that also yielded high‑grade intersections. Dakota Gold’s development timeline targets a Feasibility Study in the first half of 2027 and production in 2029, positioning the project as one of the largest undeveloped oxide gold resources in the United States.
Richmond Hill sits in the historic Homestake Gold Mining District and has attracted attention for its size and potential. The project’s high‑grade intersections reinforce its status as a leading junior‑company asset. Historically, drill results from Dakota Gold have not always translated into immediate market gains, but the company’s consistent delivery of high‑grade data keeps investors focused on the long‑term upside.
Management noted that the new assay results support the reserve‑conversion plan for 2026 and signal progress toward the company’s transition from exploration to development. The improved resource quality is expected to influence reserve estimates, reduce capital requirements, and accelerate the projected production start, underscoring the company’s strategic focus on unlocking the project’s full economic potential.
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