Dateline Resources (ASX:DTR) said that an analysis of a 3D magnetotelluric resistivity model for the Colosseum gold-rare earth elements project in California confirmed multiple high-priority drilling targets with rare earth element potential, according to a Monday Australian bourse filing.

A strong resistive anomaly on survey line 2200N extends from depth to surface, suggesting a possible carbonatite intrusive source for the anomaly, as carbonatite bodies are known hosts of rare earth elements mineralization.

The magnetotelluric survey data and concurrent exploration have pinpointed several new gold exploration targets on the project.

It is developing a parallel 3D inversion using the open-source ModEM software to cross-validate the resistivity model, per the filing.

Its shares jumped 10% in recent trading on Monday.