Fog Lode: A Hidden Gem Above Chism Gulch

Fog Lode, a 9-acre mining claim perched above Chism Gulch in the Black Hills of South Dakota, is garnering significant attention due to its strategic location and promising geological features. Its proximity to Dakota Gold Corp.’s Richmond Hill project (See Section A) , particularly the Chism Gulch area, underscores its potential as a valuable mineral asset.

Geological Significance of Fog Lode

Situated atop Chism Gulch, Fog Lode lies within a region characterized by complex geological formations, including Tertiary-aged breccia bodies and Precambrian greenstones. These formations are known to host significant gold mineralization, as evidenced by nearby drilling results.

Proximity to Richmond Hill and Chism Gulch

Dakota Gold’s recent drilling campaigns at Chism Gulch have revealed substantial gold mineralization, indicating the area’s rich mineral potential. Notable drill results include:

  • RH24C-142: 2.22 g/t Au over 50.0 meters
  • RH24C-136: 3.30 g/t Au over 11.8 meters
  • RH24C-143: 2.54 g/t Au over 11.4 meters

These findings suggest that the mineralization extends beyond the immediate drilling areas, potentially encompassing adjacent claims like Fog Lode.

Estimated Value of Fog Lode

Preliminary assessments estimate that Fog Lode contains approximately 264,000 ounces of in-situ gold. At a gold price of $3,400 per ounce, this translates to a gross value of around $897.6 million. This valuation does not account for additional mineral resources such as silver or rare earth elements, which could further enhance the claim’s worth.

Strategic Advantages

  • Permitting: Fog Lode’s status as private land simplifies the permitting process, allowing for more straightforward development compared to claims on public lands.
  • Infrastructure: The claim’s location benefits from existing infrastructure associated with nearby mining operations, reducing the need for extensive new developments.
  • Exploration Potential: Given the encouraging results from adjacent areas, Fog Lode presents a compelling opportunity for targeted exploration to confirm and expand upon the estimated resources.

Conclusion

Fog Lode’s advantageous position above Chism Gulch, combined with the promising geological context and nearby successful drilling results, positions it as a highly prospective mining claim. Further exploration and drilling are warranted to fully realize and quantify its mineral potential.

contact Scott Prentice for more information or search this site for Fog Lode. [email protected]