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DATELINE RESOURCES LIMITED — Capital/Financing Update 2019
Sep 4, 2019
64793_rns_2019-09-04_7a9b164f-479f-4532-82cc-1088eafb62ed.pdf
Capital/Financing Update
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ASX Release 4 September 2019
Exploration Update and New “Hill” Vein Discovery
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Highlights
DATELINERESOURCES LIMITED
(ACN 149 105653) ASX Code:DTR
-
New “Hill” vein discovered at surface 120m SE of the Sacramento vein with the following assay results returned from grab samples:
-
56.5g/t Au and 200g/t Ag; and
-
12g/t Au and 193g/t Ag
-
Six (6) of twenty-one (21) stage one and stage two holes designed to test for the extension of the 2150 vein have been completed for 1,503 metres.
CAPITALSTRUCTURE
Share Price (04/09/19) $0.003 Shares on issue 8,135million Market Cap $24.4million Unlisted Options 45 million
MAJOR SHAREHOLDERS
Southern Cross Exploration NL 32.5% Mr. Mark Johnson AO 19.6% National Nominees Ltd 15.4%
-
All six holes intersected gold and silver mineralisation over 160m of strike – See page 6
-
At the 2150 vein, Hole GL03 intersected:
-
1.6m @ 30.4g/t Au and 78g/t Ag
- inc. 0.3m @ 151g/t Au and 143g/t Ag
-
In 2018, Hole C8, located 30m SSW of GL03, assayed: ▪ 1.7m @ 91g/t Au**
-
Underground grab samples from the middle and upper Sacramento levels yielded assay results of:
-
67.4g/t Au and 816g/t Ag; and
-
9.12g/t Au and 161g/t Ag
DIRECTORS & MANAGEMENT
Mark JohnsonAO Chairman
Stephen Baghdadi ManagingDirector
-
An additional drill rig has been mobilized to site to accelerate the drilling program
-
Southern Geosciences contracted to undertake Geophysics testing on drill core from Gold Links
-
Dateline remains fully funded for continued exploration at the Gold Links Project
Near-term News-flow
Greg Hall Non-Executive Director
Tony Ferguson Non-Executive Director
John Smith Company Secretary
-
Deeper drilling of the 2150 vein
-
Deeper drilling of the Sacramento vein
-
Follow up work on the Hill vein
-
Results of Geophysics study
CONTACT John Smith Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: [email protected]
Dateline Resources Limited (ASX: DTR) is pleased to provide an update on the surface drilling program which commenced on June 3, 2019 at the Northern section of the Gold Links project in Colorado, USA.
Managing Director, Mr Stephen Baghdadi commented:
“The past few weeks have been focused on drilling for the extension of the 2150 vein, and commencing a surface sampling and mapping program, both with excellent outcomes.
The surface sampling and mapping program yielded immediate results with the discovery of the new Hill vein. All six holes drilled to test for the extension of the 2150 vein have intersected mineralisation. As with the Sacramento vein, the 2150 vein is where we expected it to be and high-grade intercepts are being made.
This is very encouraging given the number of other known veins that are yet to be tested and the large number of LiDar generated surface targets yet to be explored by Dateline”
See ASX announcement 14/08/2019 *See ASX announcement 10/10/2018
ASX Release 4 September 2019
New Discovery – The Hill vein
LiDAR data was acquired over the Gold Links Project on October 20, 2018. The imagery covers 3,623 Ha and completely covers the project area. LiDAR’s ability to precisely map the topography beneath thick conifer forest cover allowed Dateline to identify 3,963 historic prospect pits, shafts, adits and trenches. It also identified old roads and trails used by the original prospectors over 100 years ago. The locations of these features were digitized. We began field checking the data in the area of the current drilling program, and have field checked about twenty of these features in an area of only about 4 Ha. The prospects, shafts and adits around the Hill Vein were among these.
Follow up mapping and sampling quickly identified the Hill Vein south of the Sacramento workings. Mapping traced the vein for 100m to the south southeast. Opening the northern most adit on the Hill vein permitted sampling of vein material. The samples returned assay values of:
-
56.5g/t Au and 200g/t Ag; and
-
12g/t Au and 193g/t Ag
The initial results are encouraging and additional mapping, sampling and drilling is being planned.
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Grab Samples
Recent surface sampling, in conjunction with previous underground sampling and drilling, shows that mineralisation extends for at least 225m along the Sacramento vein. Drill hole SAC14 shows that gold values extend 65m into the footwall. The newly identified Hill vein is currently mapped on surface for over 100m and to within 120m of the Sacramento vein.
The data indicates that mineralization extends over 325m north to south, across the currently identified portions of the Sacramento and Hill vein systems. Both the Sacramento and Hill veins are open along strike and down dip.
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2 | ASX Release 4 September 2019
ASX Release 4 September 2019
2150 Vein Drillin – Gold Links North g
Drilling for the extension of the 2150 vein commenced on August 5, 2019. A total of twenty-one (21) holes are planned over 2 stages of which six (6) have been completed so far. All 6 completed holes (100%) intercepted gold and silver mineralisation in the down-dip extension of the 2150 vein
To date, 1,503 metres have been drilled at the 2150 vein over a strike of 160m and a further 3,500 metres is planned to test an additional 160m of strike.
GL03 hole
-
1.57m @ 30.4g/t Au and 78g/t Ag which includes a section of 0.3m @ 151g/t Au and 143g/t Ag
-
Located 20m below the old workings and 30m NNE of C8 hole which yielded 91g/t Au**
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The 2150 drilling program is in progress and all completed holes have intersected mineralisation in the vein
Additional Drill Rig
An additional company owned drill rig has been mobilised to the Gold Links site bringing the total rigs on site to four (4) of which three (3) will be used to accelerate the drilling program and accommodate the additional holes being considered to test the newly discovered Hill vein.
The fourth rig is a truck mounted company owned core rig and is being considered for mobilisation to the Lucky Strike and Mineral Hill site to commence drilling. A final decision on this is yet to be made.
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**See ASX announcement 10/10/2018
3 | ASX Release 4 September 2019
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ASX Release 4 September 2019
Sacramento
Adit
Raymond
Reynolds Adit
Carter
Adit
Adit
Gold Links North Gold Links Centre Gold Links South
This image is intended as a guide only and is not a surveyed map of our true boundaries
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| Gold Links North includes | Gold Links Centre includes | Gold Links South includes |
|---|---|---|
| Sacramento Adit | Raymond Adit | Carter Adit |
| Sacramento vein | 600 vein | 100 vein |
| 950 vein | 300 vein | |
| Reynolds Adit | 1100 vein | 800 vein |
| 1200 vein | 1200 vein | 1320 vein |
| 1740 vein | 1700 vein | 1440 vein |
| 2100 vein | 1800 vein | 1480 vein |
| 2150 vein | 1825 vein | 1550 vein |
| 2200 vein | 2457 vein | 1925 vein |
| 2600 vein | 3300 vein | 2385 vein |
| 2800 vein | Jessie vein | 2500 vein |
| 3300 vein | Gold Monument vein | 2835 vein |
| Maggie Mitchell vein | 3040 vein | |
| Dateline discovered | Volunteer vein | 3131 vein |
| Hill vein | Upper Raymond vein | 3640 vein |
| 3750 vein | ||
| Veins starting with digits represent the number of feet from the start of the portal and were discovered and mapped from inside the adit |
4085 vein | |
| 4778 vein | ||
| 4868 vein | ||
| Veins that don't start with digits were discovered from surface outcrops | 4883 vein | |
| 6300 vein | ||
| Farleyvein | ||
| Only the 2150 vein has been drilled below the valley floor | Grand Prize vein | |
| Volunteer vein | ||
| Chloride vein |
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4 | ASX Release 4 September 2019
ASX Release 4 September 2019
2019 Drill-hole Collar Co-ordinates
| Hole ID | Easting | Northing | Elevation (feet) | Total Depth (feet) |
Total Depth (metres) |
|---|---|---|---|---|---|
| GL01 | 2,693,923 | 1,292,495 | 9,877 | 730 | 222.7 |
| GL02 | 2,693,993 | 1,292,571 | 9,928 | (Incomplete) 480 |
(Incomplete) 146.4 |
| GL03 | 2,694,064 | 1,292,624 | 9,974 | 672 | 205 |
| GL04 | 2,694,082 | 1,292,738 | 10,025 | 703 | 214.4 |
| GL05 | 2,694,170 | 1,292,917 | 10,108 | 688 | 209.8 |
| GL06 | 2,694,142 | 1,292,820 | 10,071 | 771 | 235.2 |
| SAC09 | 2,695,458 | 1,293,101 | 10,201 | 559 | 170.5 |
Dateline Resources Drill Hole Collar Coordinates Colorado State Plane Central Zone, feet
Grab and Channel sample tables
| Location - Sacramento Area | Location - Sacramento Area | Location - Sacramento Area | Location - Sacramento Area | Location - Sacramento Area |
|---|---|---|---|---|
| Sample_ID | Name | Sample type | Au_ppm | Ag_ppm |
| P358968 | Middle Sacramento | Grab | 67.4 | 816 |
| P358971 | Upper Sacramento | Grab | 1.99 | 65.5 |
| P358972 | Upper Sacramento | Grab | 9.12 | 161 |
| P358973 | Upper Sacramento | Channel | 12.4 | 320 |
| P358974 | Upper Sacramento | Grab | 7.64 | 214 |
| Location – New “Hill” Vein - 120m SE of Sacramento vein | Location – New “Hill” Vein - 120m SE of Sacramento vein | Location – New “Hill” Vein - 120m SE of Sacramento vein | Location – New “Hill” Vein - 120m SE of Sacramento vein | Location – New “Hill” Vein - 120m SE of Sacramento vein |
|---|---|---|---|---|
| Sample_ID | Name | Sample type | Au_ppm | Ag_ppm |
| P358969 | Hill vein | Grab | 56.5 | 200 |
| P358970 | Hill vein | Grab | 12 | 193 |
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5 | ASX Release 4 September 2019
ASX Release 4 September 2019
Drill-hole Table
| Sample_ID | Hole_ID/ Area | Type | From (m) | To (m) | Length (m) | Au_ppm | Ag_ppm |
|---|---|---|---|---|---|---|---|
| P359238 | GL01 | Core | 55.94 | 56.36 | 0.43 | 2.02 | |
| P359524 | GL02 | RC | 67.26 | 68.9 | 1.64 | 7.62 | |
| P359530 | GL02 | RC | 77.1 | 78.74 | 1.64 | 0.686 | 3.01 |
| P359531 | GL02 | RC | 104.99 | 106.63 | 1.64 | 9.42 | |
| P359444 | GL03 | Core | 188.35 | 188.65 | 0.3 | 151 | 143 |
| P359445 | GL03 | Core | 188.65 | 188.91 | 0.26 | 1.71 | |
| P359446 | GL03 | Core | 188.91 | 189.37 | 0.46 | 1.47 | 150 |
| P359447 | GL03 | Core | 189.37 | 189.93 | 0.56 | 3.87 | 21.2 |
| P359462 | GL04 | Core | 217.85 | 218.18 | 0.33 | 6.96 | 107 |
| P359464 | GL04 | Core | 218.67 | 219.09 | 0.43 | 4.83 | 17.8 |
| P359465 | GL04 | Core | 219.09 | 219.59 | 0.49 | ||
| P359467 | GL04 | Core | 219.59 | 219.95 | 0.36 | 0.24 | 6.36 |
| P359468 | GL04 | Core | 219.95 | 220.34 | 0.39 | 3.69 | 11.5 |
| P359476 | GL05 | Core | 209.15 | 209.48 | 0.33 | 7.82 | 7.66 |
| P359480 | GL05 | Core | 210.56 | 211.12 | 0.56 | 17.9 | 22.2 |
| P359481 | GL05 | Core | 211.12 | 211.61 | 0.49 | 1.27 | 4.25 |
| P359482 | GL05 | Core | 211.61 | 212.14 | 0.52 | ||
| P359483 | GL05 | Core | 212.14 | 212.73 | 0.59 | 6.52 | 19.1 |
| P359484 | GL05 | Core | 212.73 | 213.39 | 0.66 | 0.206 | |
| P359489 | GL06 | Core | 229.79 | 230.38 | 0.19 | 0.514 | 33.9 |
| P359491 | GL06 | Core | 230.38 | 230.94 | 0.18 | 3.05 | 34 |
| Additional resultspending | |||||||
| P359436 | SAC09 | Core | 118.21 | 118.5 | 0.3 | 6 | 18.7 |
| P359438 | SAC09 | Core | 119.49 | 119.82 | 0.33 | 5.49 |
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6 | ASX Release 4 September 2019
ASX Release 4 September 2019
Competent Person’s Statement
Exploration information in this announcement is based upon work reviewed by Mr Gregory Hall who is a Chartered Professional of Australasian Institute of Mining and Metallurgy (CP-IMM) and undertaken by L.J. Karr an employee of CRG Mining LLC which is a 100% owned subsidiary of Dateline Resources. Mr Gregory Hall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr Gregory Hall is a non-executive Director of Dateline Resources Ltd and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Forward Looking Statements
This Announcement is provided on the basis that neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Announcement and nothing contained in the Announcement is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The Announcement contains material which is predictive in nature and may be affected by inaccurate assumptions or by known and unknown risks and uncertainties and may differ materially from results ultimately achieved.
The Announcement contains “forward-looking statements”. All statements other than those of historical facts included in the Announcement are forward-looking statements including estimates of Mineral Resources. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, copper, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to any “forward-looking statement” to reflect events or circumstances after the date of the Announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. All persons should consider seeking appropriate professional advice in reviewing the Announcement and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the Announcement nor any information contained in the Announcement or subsequently communicated to any.
For more information, please contact:
John Smith Chief Financial Officer +61 2 9375 2353
www.datelineresources.com.au
About Dateline Resources Limited
Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold exploration and development at its 100% owned Gold Links project which is in Gunnison County, Colorado, United States of America (Gold Links).
The Gold Links is comprised of several contiguous historic gold mines that have been consolidated by the company. Gold Links has produced in excess of 125,000 oz of high-grade gold (see ASX announcement of 8 February 2019).
Mineralisation can be traced on surface and underground for almost 6km from the northern to the southern sections of the project. Well documented records indicate that there are large areas that remain untested at surface and little to no exploration has been done below the valley floor.
Dateline acquired Gold Links because it believes there is a high probability of known mineralized structures continuing below the valley floor, and a similar probability of the discovery of new veins, on this extensive brownfields mining property.
Dateline also owns the Lucky Strike and Mineral Hill permitted gold properties and has recommissioned a gold processing plant located at the Lucky Strike Mine. The Gold Links and the Lucky Strike are located approximately 50km apart.
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7 | ASX Release 4 September 2019
Dateline Resources Limited
ASX Release 4 September 2019
JORC Code, 2012 Edition – Table 1 report template
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary |
| Sampling | • Nature and quality of sampling (eg | •To date, CRG Mining, LLC has completed |
| techniques | cut channels, random chips, or | 3,133 metres of drilling in 22 drill holes. Of |
| specific specialised industry | this 897 m were core and 2236 m were | |
| standard measurement tools | reverse circulation (RC). Industry standard | |
| appropriate to the minerals under | core handling and sampling procedures were | |
| investigation, such as down hole | employed to insure high quality samples. | |
| gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. |
•Diamond core sampling was nominally at 1.5m intervals, over narrow zones of broken ground and mineralisation it was as short as 0.2m. •Potentially mineralized intervals of diamond core were identified by geological logging and were cut lengthways in half with one half retained as a reference sample, and the other dispatched for assay. •RC drilling was used to obtain 1.5m samples from which 7kg was split. •Samples from drill holes and channel samples were sent to Hazen Research, Golden, Colorado for sample preparation and assay. Samples were dried, weighed, crushed and split to obtain 150 – 200 gm. Samples were placed in ring and puck grinder to produce 90% minus 200 mesh pulp. This material was blended on clean cloth and packaged in paper pulp bags. Using a pulp balance, a 29.17 gm sample was weighted out for traditional fire assay. Samples were analyzed using standard fire assay for gold and silver. •All samples followed a strict Chain of Custody. •Routine QAQC samples were inserted in |
|
| the sample runs at a rate of 10%, | ||
| comprising Certified Reference Materials | ||
| from CDN Resource Laboratories Ltd. and | ||
| blank material (barren granodiorite). | ||
| •Sampling practice is appropriate to the | ||
| geology and mineralisation of the deposit | ||
| and complies with industry best practice. | ||
| Drilling | • Drill type (eg core, reverse | •The drilling program utilized both diamond |
| techniques | circulation, open-hole hammer, | coring and RC drilling. |
| rotary air blast, auger, Bangka, | •The diamond drilling was conducted using | |
| sonic, etc) and details (eg core | an LF90 track mounted diamond core rig and | |
| diameter, triple or standard tube, | an experience diamond driller. It employed | |
| depth of diamond tails, face- | wireline core barrels, bottom discharge bits, | |
| sampling bit or other type, whether | split inner tubes and HQ3 size core | |
| core is oriented and if so, by what | (61.1mm). | |
| method, etc). |
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1 | 4 September 2019
Dateline Resources Limited
ASX Release 4 September 2019
| Criteria | JORC Code explanation | Commentary |
| •The RC drilling was conducted with a track | ||
| mounted Discovery 2 drill rig utilizing high | ||
| pressure and high volume compressed air | ||
| and 101mm diameter face sampling | ||
| percussion hammer. The drilling was | ||
| completed by an experience RC driller. | ||
| Drill | • Method of recording and assessing | •Core was recovered using split inner |
| sample | core and chip sample recoveries and | tubes. Each core run was inspected and |
| recovery | results assessed. | measured for core recovery length and |
| • Measures taken to | placed in wax coated cardboard core | |
| maximise sample recovery | boxes for permanent storage. | |
| and ensure representative | •Diamond core recovery was measured for | |
| nature of the samples. | each run and calculated as a percentage of | |
| • Whether a relationship exists | the drilled interval, in mineralised material, | |
| between sample recovery and | core recoveries were generally 95 to 100%, | |
| grade and whether sample bias | in fresh rock, the core recovery was | |
| may have occurred due to | generally at 100%. | |
| preferential loss/gain of fine/coarse | •Bottom discharge bits allow the water to | |
| material. | bypass the core and minimizes erosion of | |
| soft materials. Split inner tubes enable | ||
| enhanced core recovery in soft and/or highly | ||
| fractured rock. Using this technology gave | ||
| excellent core recovery and the ability to | ||
| examine the core with no disturbance before | ||
| the core was placed in a core box for | ||
| permanent storage. | ||
| •No quantitative analysis of sample | ||
| weights, sample condition, recovery | ||
| or repeatability has been | ||
| undertaken. | ||
| •There has been no assessment of core or | ||
| RC sample recovery and grade. | ||
| Logging | • Whether core and chip | •All core and RC samples were geologically |
| samples have been | logged. Lithology, veining, alteration, | |
| geologically and geotechnically | mineralisation and weathering are recorded | |
| logged to a level of detail to | in the appropriate tables of the drill hole | |
| support appropriate Mineral | database. | |
| Resource estimation, mining | •Before logging the core, each box was | |
| studies and metallurgical | photographed wet and dry. Geotechnical | |
| studies. | logging for rock quality, and RQD was | |
| • Whether logging is qualitative or | completed. The core was logged by the | |
| quantitative in nature. Core (or | on-site geologist, and sample intervals | |
| costean, channel, etc) | selected. | |
| photography. | •Geological logging of core and | |
| • The total length and percentage of the | RC samples is qualitative or | |
| relevant intersections logged. | quantitative in qualitative and | |
| descriptive in nature. | ||
| •Geotechnical logging of core is quantitative | ||
| and includes RQD measurements and | ||
| measuring structures such as faults and | ||
| foliation. | ||
| Sub- | • If core, whether cut or sawn and | •Intervals to be sampled were identified by |
| sampling | whether quarter, half or all core | the company geologist while logging the |
| techniques | taken. | core. Sample intervals were marked with |
| and sample | • If non-core, whether riffled, | permanent marker in the core boxes and |
| preparation | tube sampled, rotary split, etc | sample number tags stapled in each |
| and whether sampled wet or | interval. Samples are placed in a heavy |
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2 | 4 September 2019
Dateline Resources Limited
ASX Release 4 September 2019
| Criteria | JORC Code explanation | Commentary | ||
| dry. | duty cloth sample bag. Each sample bag | |||
| • For all sample types, the | was marked with permanent marker with | |||
| nature, quality and | sample number, a sample tag stapled | to the | ||
| appropriateness of the | bag, and a sample tag with the | |||
| sample preparation | corresponding sample number placed | in the | ||
| technique. | bag. Sample bags were sealed with draw | |||
| • Quality control procedures | strings. Samples were sent by UPS or | hand | ||
| adopted for all sub-sampling | delivered by CRG Mining personnel to | |||
| stages to maximise | Hazen Research. | |||
| representivity of samples. | •Core was cut in half, and one half retained | |||
| • Measures taken to ensure that the | and the other sent for assay. | |||
| sampling is representative of the in | •RC samples were sub sampled using a rig | |||
| situ material collected, including for | mounted rotary splitter to produce a split | |||
| instance results for field | sample of approximately 6 kg in weight. | |||
| duplicate/second-half sampling. | •The splitter was routinely cleaned at the | |||
| • Whether sample sizes are appropriate | end of sampling stages to minimize | |||
| to the grain size of the material being | contamination of each drill rod (1.5 m) | or as | ||
| sampled. | needed. | |||
| •Sample size assessment was not | ||||
| conducted but used sampling size is typical | ||||
| for gold deposits. | ||||
| Quality of | • The nature, quality and | •All samples were assayed by industry | ||
| assay | appropriateness of the assaying and | standard methods by Hazen Research. | ||
| data | and | laboratory procedures used and | •Fire assays for gold and silver were | |
| laboratory | whether the technique is considered | completed using industry standard | ||
| tests | partial or total. | fire assay methodology. | ||
| • For geophysical tools, spectrometers, | •External certified standards and blank | |||
| handheld XRF instruments, etc, the | material were added to the sample | |||
| parameters used in determining the | submission. Acceptable levels |
of | ||
| analysis including instrument make | accuracy and precision were found. | |||
| and model, reading times, | •Hazen included an internal blank and | |||
| calibrations factors applied and their | duplicate within each batch. | |||
| derivation, etc. | ||||
| • Nature of quality control procedures | ||||
| adopted (eg standards, blanks, | ||||
| duplicates, external laboratory | ||||
| checks) and whether acceptable | ||||
| levels of accuracy (ie lack of bias) | ||||
| and precision have been established. | ||||
| Verification | • The verification of significant | •Sampling, documentation and sample | ||
| of | sampling | intersections by either | submittal were under the guidance and | care |
| and | assaying | independent or alternative | of Leonard J. Karr, certified professional | |
| company personnel. | geologist, CPG #11072 (American Institute of | |||
| • The use of twinned holes. | Professional Geologists), Project Geologist. | |||
| • Documentation of primary | •Intersection assays were | |||
| data, data entry | documented by CRG's professional | |||
| procedures, data | exploration geologists and verified | |||
| verification, data storage | CRG's Project Geologist. | |||
| (physical and electronic) | •All assay data were received as CSV | |||
| protocols. | files, checked, verified and merged into | |||
| • Discuss any adjustment to assay data. | CRG’s database. | |||
| •Original laboratory data files in CSV and | ||||
| locked PDF formats are stored together | ||||
| with the merged data. | ||||
| •The SAC 16 hole is a twin of the 1977 C2 hole | ||||
| •No verification of sampling and assaying has | ||||
| been undertaken. | ||||
| •No assay adjustment was applied. |
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3 | 4 September 2019
Dateline Resources Limited
ASX Release 4 September 2019
| Criteria | JORC Code explanation | Commentary |
| Location | • Accuracy and quality of surveys used | •All drill hole collars are surveyed by a licensed |
| of data | to locate drill holes (collar and down- | surveyor using differential GPS survey |
| points | hole surveys), trenches, mine | equipment. The positions are accurate to |
| workings and other locations used in | within 10 cm x-y and height (z) to +/- 20 cm. | |
| Mineral Resource estimation. • Specification of the grid system used. |
•The holes are surveyed in the Colorado State Plane, UTM zone 12, NAD 1983 |
|
| • Quality and adequacy of | coordinate system. | |
| topographic control. | •Down hole surveys using a Reflex | |
| EZ_TRAC were done on all diamond | ||
| drill holes. Surveys were completed for | ||
| seven of the fifteen holes. | ||
| Data spacing | • Data spacing for reporting of | •The spacing and location of data is |
| and | Exploration Results. | currently only being considered for |
| distribution | • Whether the data spacing and | exploration and resource estimation |
| distribution is sufficient to establish | purposes. | |
| the degree of geological and grade | •Drill data is currently being evaluated | |
| continuity appropriate for the Mineral | for its appropriateness in estimating a | |
| Resource and Ore Reserve | mineral resource. | |
| estimation procedure(s) and | •No sample compositing has been applied. | |
| classifications applied. | ||
| • Whether sample compositing has | ||
| been applied. | ||
| Orientation of | • Whether the orientation of sampling | •Drill holes are planned to drill perpendicular |
| data in | achieves unbiased sampling of | or near perpendicular to the known |
| relation to | possible structures and the extent to | mineralized structures. This gives a good |
| geological | which this is known, considering the | approximation of vein thickness and |
| structure | deposit type. | unbiased sampling. |
| • If the relationship between the | •Sample orientation is deemed to be | |
| drilling orientation and the | representative for reporting purposes. | |
| orientation of key mineralised | •No bias is considered to have been | |
| structures is considered to have | introduced by the existing sampling | |
| introduced a sampling bias, this | orientation. | |
| should be assessed and reported if | ||
| material. | ||
| Sample | • The measures taken to ensure sample | •All samples were taken and maintained |
| security | security. | under the constant care of CRG Mining |
| personnel. Samples were either delivered | ||
| by UPS or personally by CRG | ||
| employees. | ||
| Audits or | • The results of any audits or reviews of | •Sampling techniques have been developed by |
| reviews | sampling techniques and data. | Dale Sketchley, M.Sc., |
| P. Geo. of Acuity Geoscience Ltd. | ||
| •No audits or reviews completed. |
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary |
| Mineral | • Type, reference name/number, | •All tenements are 100% owned by |
| tenement and | location and ownership including | Dateline Resources Limited or a |
| land tenure | agreements or material issues with | wholly owned subsidiary and there |
| status | third parties such as joint ventures, | exists production based royalties as |
| partnerships, overriding royalties, | previously disclosed to ASX | |
| native title interests, historical sites, |
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ASX Release 4 September 2019
| Criteria | JORC Code explanation | Commentary |
| wilderness or national park and | ||
| environmental settings. | ||
| • The security of the tenure held at the | ||
| time of reporting along with any | ||
| known impediments to obtaining a | ||
| licence to operate in the area. | ||
| Exploration | • Acknowledgment and appraisal of | •Historical work reviewed was |
| done by other | exploration by other parties. | completed by a number of previous |
| parties | workers over 100 years. | |
| •All previous work undertaken by is non- | ||
| JORC compliant | ||
| Geology | • Deposit type, geological setting and | •The Gold Links Project is hosted by an |
| style of mineralisation. | Early Proterozoic assemblage of fine- | |
| grained meta-sediments and interbedded | ||
| meta-volcanics. These were intruded by | ||
| Early Proterozoic granite, pegmatite and | ||
| gabbro. Tertiary age rhyolitic stocks, dikes | ||
| and sills intrude the Proterozoic rocks. | ||
| •The gold and silver mineralization | ||
| occurs in fissure quartz veins. Veins | ||
| in the district trend north northeast. | ||
| Drill hole | • A summary of all information material | |
| Information | to the understanding of the | •See Table 1 within this report for details |
| exploration results including a | of the drill holes and sample locations | |
| tabulation of the following information | ||
| for all Material drill holes: | ||
o easting and northing of the drill hole |
||
| collar | ||
o elevation or RL (Reduced Level |
||
| – elevation above sea level in | ||
| metres) of the drill hole collar | ||
o dip and azimuth of the hole |
||
o down hole length and interception |
||
| depth | ||
o hole length. |
||
| • If the exclusion of this information is | ||
| justified on the basis that the | ||
| information is not Material and this | ||
| exclusion does not detract from | ||
| the understanding of the report, the | ||
| Competent Person should clearly | ||
| explain why this is the case. | ||
| Data | • In reporting Exploration Results, | •Drill hole intersections are reported above |
| aggregation | weighting averaging techniques, | a lower cut-off grade of 0.3 g/t Au and no |
| methods | maximum and/or minimum grade | upper cut off grade has been applied. A |
| truncations (eg cutting of high grades) | minimum intercept 0.2 m applies to the drill | |
| and cut-off grades are usually Material | core, and 1.5 m applies to the RC | |
| and should be stated. | sampling in the tabulated results | |
| • Where aggregate intercepts | presented in the main body of this release. | |
| incorporate short lengths of high | ||
| grade results and longer lengths of | ||
| low grade results, the procedure used | ||
| for such aggregation should be stated | ||
| and some typical examples of such | ||
| aggregations should be shown in | ||
| detail. | ||
| • The assumptions used for any |
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| Criteria | JORC Code explanation | Commentary |
| reporting of metal equivalent values | ||
| should be clearly stated. | ||
| Relationship | • These relationships are | •Drill holes are orientated to |
| between | particularly important in the | drill perpendicular or near to |
| mineralisation | reporting of Exploration Results. | perpendicular to the |
| widths and | • If the geometry of the | mineralized structures. |
| intercept | mineralisation with respect to the | |
| lengths | drill hole angle is known, its | |
| nature should be reported. | ||
| • If it is not known and only the down | ||
| hole lengths are reported, there should | ||
| be a clear statement to this effect (eg | ||
| ‘down hole length, true width not | ||
| known’). | ||
| Diagrams | • Appropriate maps and sections | •Supporting figures have been included |
| (with scales) and tabulations of | within the body of this release. | |
| intercepts should be included for | ||
| any significant discovery being | ||
| reported These should include, but | ||
| not be limited to a plan view of drill | ||
| hole collar locations and appropriate | ||
| sectional views. | ||
| Balanced | • Where comprehensive reporting of | •All results have been reported. |
| reporting | all Exploration Results is not | |
| practicable, representative reporting | ||
| of both low and high grades and/or | ||
| widths should be practiced to avoid | ||
| misleading reporting of | ||
| Exploration Results. | ||
| Other | • Other exploration data, if meaningful | |
| substantive | and material, should be reported | |
| exploration | including (but not limited to): geological | |
| data | observations; geophysical survey | |
| results; geochemical survey results; | ||
| bulk samples – size and method of | ||
| treatment; metallurgical test results; | ||
| bulk density, | ||
| groundwater, geotechnical and | ||
| rock characteristics; potential | ||
| deleterious or contaminating | ||
| substances. | ||
| Further work | • The nature and scale of planned | •Future will include drilling the on-strike and |
| further work (eg tests for lateral | down-dip extensions of the Sacramento | |
| extensions or depth extensions or | Vein, reopening, mapping and sampling of | |
| large-scale step-out drilling). | previously inaccessible underground | |
| • Diagrams clearly highlighting the areas | workings, surface trenching and surface | |
| of possible extensions, including the | mapping and sampling. Both surface and | |
| main geological interpretations and | downhole geophysical surveys are under | |
| future drilling areas, provided this | evaluation. | |
| information is not commercially | ||
| sensitive. |
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