Dakota Gold Corp. announced that its 2025 drilling campaign at the Richmond Hill Oxide Heap Leach Gold Project has produced new assay results that extend high‑grade gold mineralization 230 m (755 ft) north of the existing Measured and Indicated resource boundary. The intercepts include several high‑grade zones that are expected to increase the project’s projected gold output and improve the economics of the forthcoming feasibility study.
The campaign comprised 242 drill holes totaling 29,279 m (≈96,000 ft). To date, 136 assay results have been released, with 106 pending through early 2026. The new data confirm widespread gold mineralization across the expanded area and provide a robust dataset for updating the resource model.
The expansion of the resource boundary is a significant milestone for Richmond Hill. By adding high‑grade intercepts, the company can anticipate a larger, higher‑grade resource, which will strengthen the project’s projected cash flows and support the goal of commercial production by 2029. The updated resource model will feed directly into the feasibility study, potentially raising the project’s net present value and internal rate of return.
Jack Henris, President and COO, said the results “demonstrate the continued success of our expansion drilling program and reinforce the viability of the Richmond Hill project.” He added that drilling will pause for the remainder of December and resume in mid‑January 2026, reflecting a planned operational cadence that balances exploration progress with fiscal planning.
The market has responded positively to the announcement. On December 22, 2025, Dakota Gold’s stock reached a new 52‑week high, reflecting investor confidence in the company’s consistent delivery of high‑grade drill results and the expanding resource. Analysts have noted that the steady stream of positive exploration data is a key driver of the stock’s recent upward trend.
Richmond Hill sits in the historic Homestake District, a region with a long legacy of gold production. Dakota Gold’s progress at the site, combined with its recent financing through an at‑the‑market equity program and a $33 million cash balance as of September 30, 2025, positions the company well to advance the project toward commercial production. Analyst sentiment remains largely positive, with several analysts maintaining “Buy” or “Strong Buy” ratings and projecting significant upside.
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