Stepout drilling finds more for Dakota

At the Anchor Hill gold deposit in South Dakota, Dakota Mining (DKT-T) is encouraged by results from ongoing stepout drilling.

Results from the first 14 holes, which were drilled to the northeast and the south of the Anchor Hill orebody, are said to be consistent with the rest of the deposit.

Dakota will continue to drill in these and other areas. In all, the company plans to spend US$500,000 on exploration with the objective of expanding the property’s resource base and extending the mine life.

A new reserve estimate is expected by the fourth quarter.

Anchor Hill, which started up in April, contains proven and probable reserves equivalent to an estimated 243,000 oz. gold. Production for 1996 is projected at 30,000 oz. gold.

Highlights of the recent drilling are shown below:

Hole	Interval(ft.)	Thickness(ft.)	Gold(oz./t)
R96-894	115-160	45	0.046
	175-235	60	0.030
	260-295	35	0.046
	430-555	125	0.055
R96-895	115-160	45	0.035
	220-250	30	0.070
	485-555	70	0.066
R96-897	125-140	15	0.081
	155-165	10	0.039
R96-898	30-95	65	0.039
	305-330	25	0.185
	365-485	120	0.156
R96-899	0-25	25	0.025
	340-425	85	0.037
R96-900	160-285	125	0.037
R96-901	15-70	55	0.024
R96-902	45-80	35	0.027
	140-160	20	0.021
	575-600	25	0.113
R96-903	380-635	255	0.054
R96-904	415-465	50	0.032
	480-500	20	0.090
R96-905	0-10	10	0.148
	410-520	110	0.068
R96-906	390-525	135	0.073
	565-590	25	0.108
R96-907	310-425	115	0.044