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DATELINE RESOURCES LIMITED — Capital/Financing Update 2019
Aug 13, 2019
64793_rns_2019-08-13_390c2c78-5538-4245-9b55-5e9e5240075d.pdf
Capital/Financing Update
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14 August 2019 Company Announcements Office Australian Securities Exchange Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
Subject : Amended Announcement
On 13 August 2019 Dateline Resources Limited (“the Company” or “Dateline”) did release an exploration update at the Gold Links Project in Colorado, USA.
The Company did receive a request from the Australian Securities Exchange (‘ASX”) in relation to the report’s metal equivalent calculations contained in that exploration update.
To avoid any confusion, Dateline has issued an amended exploration update that retracts any metal equivalent calculations.
John Smith Company Secretary
Dateline Resources Limited (ACN 149 105 653) Level 29, 2 Chifley Square, Sydney, NSW 2000
www.datelineresources.com.au [email protected]
ASX Release 14 August 2019
Amended Exploration Update Gold Links Project, Colorado, USA
Highlights
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- Extension of the high-grade Sacramento vein at the Gold Links Project confirmed
DATELINERESOURCES LIMITED
(ACN 149 105653) ASX Code:DTR
-
New mineralised structure intersected east of the Sacramento vein
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16 holes for 1,630 metres at Sacramento with 13 holes (81%) intersecting gold mineralisation
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Mineralisation intercepted over 225 metres of strike and 60 metres down dip and remains open in all directions
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High grade intercepts include:
CAPITALSTRUCTURE
Share Price (13/08/19) $0.004 Shares on issue 8,135million Market Cap $32.5million Unlisted Options 45 million
MAJOR SHAREHOLDERS
Southern Cross Exploration NL 32.5% Mr. Mark Johnson AO 19.6% National Nominees Ltd 15.4%
DIRECTORS & MANAGEMENT
Mark JohnsonAO Chairman Stephen Baghdadi ManagingDirector Greg Hall Non-Executive Director
John Smith Company Secretary
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1.75m @ 24.9g/t Au and 153g/t Ag, including 0.5m @ 80.1g/t Au and 489g/t Ag from SAC13;
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0.7m @ 18.1g/t Au and 241g/t Ag from SAC16;
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0.5m @ 14g/t Au and 94.7g/t Ag from SAC06.
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Grab samples from a previously inaccessible area at Sacramento yielded results of up to 23.6g/t Au and 301g/t Ag
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Re-assaying of the 1977 C2 drill hole at Sacramento returned 0.7m @ 47.0g/t Au and confirmed the original C2 intercept of 0.7m @ 35.7g/t Au
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A further 225 metres of strike at Sacramento is yet to be tested, with follow-up drilling planned
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A 21 hole, 4,750m drilling program targeting the extension of the 2150 vein at the Gold Links mine has commenced where 2018 results at the 2150 vein included (see ASX DTR Announcement 21 February 2018):
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1.9m @ 73.6g/t Au and 482g/t Ag from REY-111;
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0.3m @ 205g/t Au and 1200g/t Ag from REY-93;
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1.9m @ 26 g/t Au and 48g/t Ag from REY-14.
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Dateline is fully funded for continued drilling with over A$4.8m cash at bank as at 30 June 2019
Near-term News-flow
- Results from drilling the 2150 vein located at Gold Links North
CONTACT John Smith Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: [email protected]
-
Deeper Sacramento vein extension drilling
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Gold links field program
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Lucky Strike and Mineral Hill field program
Dateline Resources Limited (ASX: DTR) is pleased to provide an update on the maiden 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:
“Phase 1 of this program has confirmed that the Sacramento vein continues below the old workings and identified a previously unknown and unmapped 65 metre altered structure that contains anomalous gold values.
Mineralisation was intercepted in most of the drill holes. Encouragingly, one of the deeper holes had the widest intersection and the highest gold and silver grades. Our confidence that other veins at Gold Links are likely to have similar deeper extensions has increased even further”
ASX Release 14 August 2019
Sacramento Vein Drilling – Gold Links North
The drill program was developed during winter and commenced on June 3, 2019. It was designed to test the down dip extension of the high-grade Sacramento vein. This objective has proven successful.
Sixteen (16) holes were drilled over a strike distance of 225 metres and a dip of 60 metres of which thirteen (13) holes intersected gold and silver mineralisation. Drilling has provided a more detailed understanding of the structural geology of the vein and has enabled Dateline to refine the 3D geological model for deeper drilling.
To date, 1,630 metres have been drilled at the Sacramento and a further 1,500 metres is being planned.
SAC13 hole
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1.75 metres 24.9g/t Au and 153g/t Ag which includes a section of 0.5 metres of 80.1g/t Au. and 489g/t Ag.
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Located 60 metres below the old workings.
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Deeper drilling of this section is now a high priority.
SAC06 hole
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0.5 metres of 14g/t Au and 94.7g/t Ag.
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Located 20 metres up dip and 38 metres NNE along strike from the intercept in SAC13 .
SAC16 hole
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0.7m @ 18.1g/t Au and 241g/t Ag.
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146 metres to the south of SAC06.
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This intercept is within 10m of the 1977 C2 hole that was recently re-assayed by Dateline and returned 0.7m @ 47.0g/t Au.
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The first surface drilling program in over 40 years has successfully demonstrated that the Sacramento vein is open in all directions
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2 | ASX Release 14 August 2019
ASX Release 14 August 2019
New Target
A previously unmapped and unknown area to the east of the Sacramento vein was intersected by RC drilling. The altered zone is 65 metres wide and had several distinct zones of quartz veining, four of which contained anomalous gold values. Follow up drilling will be made to test the area adjacent to this intercept.
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Grab Samples
A previously inaccessible area of the Sacramento underground workings was opened up to allow very limited access to some broken material sitting in a shrink stope. Twenty kilograms of material was collected, samples were sent for assaying, two results have been received to date containing grades of,
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23.6g/t Au and 301g/t Ag
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16.8g/t Au and 118g/t Ag
Additional results are pending.
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3 | ASX Release 14 August 2019
ASX Release 14 August 2019
2150 Vein Drilling
Drilling of the 2150 vein has commenced. The GL03 hole intersected a highly altered zone with pervasive sulphides. Samples from this section have been sent to the lab and assay results will be available in the coming weeks.
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Images of core from 2150 vein drill hole GL03
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4 | ASX Release 14 August 2019
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ASX Release 14 August 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 | |
| Volunteer vein | 3131 vein | |
| Upper Raymond vein | 3640 vein | |
| 3750 vein | ||
| Veins starting with digits represent 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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5 | ASX Release 14 August 2019
ASX Release 14 August 2019
2019 Drill-hole Collar Coordinates
| Hole ID | Easting | Northing | Elevation (feet) | Total Depth (feet) |
Total Depth (metres) |
|---|---|---|---|---|---|
| SAC02 | 2695290 | 1292610 | 10186.1 | 363 | 119.1 |
| SAC03 | 2695304 | 1292714 | 10193.8 | 335 | 109.9 |
| SAC04 | 2695370 | 1292903 | 10187.9 | 322.5 | 105.8 |
| SAC05 | 2695455 | 1293083 | 10201.1 | 370 | 121.4 |
| SAC06 | 2695339 | 1292814 | 10189.2 | 326.5 | 107.1 |
| SAC07 | 2695402 | 1292988 | 10190.8 | 330 | 108.3 |
| SAC08 | 2695400 | 1292989 | 10191 | 445 | 146.0 |
| SAC09 | 2695458 | 1293101 | 10200.8 | 559 | 183.4 |
| SAC10 | 2695301 | 1292714 | 10196 | 54.5 | 17.9 |
| SAC11 | 2695369 | 1292905 | 10185.4 | 450 | 147.6 |
| SAC12 | 2695332 | 1292811 | 10191 | 358 | 117.5 |
| SAC13 | 2695304 | 1292716 | 10194 | 353 | 115.8 |
| SAC14 | 2695304 | 1292379 | 10133.4 | 385 | 126.3 |
| SAC15 | 2695093 | 1292604 | 10083.2 | 500 | 164.0 |
| SAC16 | 2695305 | 1292378 | 10134.1 | 142.5 | 46.8 |
| GL02 | 2693993 | 1292571 | 9928.5 | 650 | 213.3 |
| GL03 | 2694064 | 1292625 | 9974.4 | 800 | 262.5 |
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6 | ASX Release 14 August 2019
ASX Release 14 August 2019
Drill-hole table
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au_ppm | Ag_ppm |
|---|---|---|---|---|---|---|---|
| P359414 | SAC13 | Core | 96.7 | 97.1 | 0.5 | 80.1 | 489 |
| P359415 | SAC13 | Core | 97.1 | 97.6 | 0.5 | 9.8 | 61.6 |
| P359416 | SAC13 | Core | 97.6 | 98.4 | 0.8 | 2.06 | 14.7 |
| P359430 | SAC16 | Core | 31.5 | 32.2 | 0.7 | 18.1 | 241 |
| P359431 | SAC16 | Core | 40.6 | 41 | 0.4 | 0.377 | 16.8 |
| P359317 | SAC06 | Core | 90.4 | 90.9 | 0.5 | 14 | 94.7 |
| P359318 | SAC06 | Core | 90.9 | 91.4 | 0.5 | 11.5 | |
| P359319 | SAC06 | Core | 91.4 | 91.9 | 0.5 | 1.71 | 21.3 |
| P359425 | SAC12 | Core | 101 | 101.6 | 0.6 | 2.16 | 49.1 |
| P359426 | SAC12 | Core | 101.6 | 101.9 | 0.3 | 8.12 | 268 |
| P359341 | SAC07 | RC | 88.6 | 90.2 | 1.6 | 0.549 | 6.79 |
| P359342 | SAC07 | RC | 90.2 | 91.9 | 1.6 | 4.08 | 47.2 |
| P359390 | SAC05 | RC | 86.9 | 88.6 | 1.6 | 0.377 | 11.1 |
| P359355 | SAC05 | RC | 101.7 | 103.3 | 1.6 | 0.651 | 8.66 |
| P359330 | SAC03 | Core | 92.8 | 93.1 | 0.3 | 0.343 | 10.6 |
| P359331 | SAC03 | Core | 93.1 | 93.8 | 0.7 | 3.12 | |
| P359335 | SAC03 | Core | 95.1 | 95.4 | 0.3 | 19.4 | |
| P359338 | SAC03 | Core | 97.7 | 98.1 | 0.5 | 4.03 | |
| P359323 | SAC03 | RC | 34.4 | 36.1 | 1.6 | 4.33 | |
| P359252 | SAC02 | RC | 78.7 | 80.4 | 1.6 | 5.03 | |
| P359253 | SAC02 | RC | 80.4 | 82 | 1.6 | 0.343 | 23.4 |
| P359284 | SAC04 | RC | 68.9 | 70.5 | 1.6 | 3.84 | |
| P359274 | SAC04 | RC | 70.5 | 72.2 | 1.6 | 4.29 | |
| P359277 | SAC04 | RC | 77.1 | 78.7 | 1.6 | 46.9 | |
| P359286 | SAC04 | RC | 78.7 | 80.4 | 1.6 | 4.12 | |
| P359288 | SAC04 | RC | 82 | 83.7 | 1.6 | 3.9 | |
| P359278 | SAC04 | RC | 83.7 | 85.3 | 1.6 | 0.514 | 35.4 |
| P359280 | SAC04 | RC | 85.3 | 86.9 | 1.6 | 0.309 | 10.1 |
| P359346 | SAC08 | RC | 109.9 | 111.5 | 1.6 | 3.63 | |
| P359501 | SAC14 | RC | 18 | 19.7 | 1.6 | 3.63 | |
| P359502 | SAC14 | RC | 19.7 | 21.3 | 1.6 | 0.309 | 5.43 |
| P359386 | SAC14 | RC | 32.8 | 34.4 | 1.6 | 3.18 | |
| P359516 | SAC14 | RC | 103.3 | 105 | 1.6 | 0.309 | 4.58 |
| P359401 | SAC14 | RC | 111.5 | 113.2 | 1.6 | 0.274 | 4.19 |
| P359407 | SAC14 | RC | 119.8 | 121.4 | 1.6 | 0.309 | 5.35 |
| P359409 | SAC14 | RC | 123 | 124.7 | 1.6 | 0.309 | |
| P359432 | SAC09 | Core | 81.2 | 81.7 | 0.5 | 0.309 | 5.54 |
| P359433 | SAC 11 | RC | 100 | 101.6 | 1.6 | 0.446 | 16.9 |
| P359518 | SAC15 | RC | 89.7 | 91.3 | 1.6 | 2.91 | 21.6 |
| SAC 01 | Hole abandoned | ||||||
| SAC 10 | Hole abandoned |
Grab and Channel sample table
| Sample_ID | Location | Sample type | Au_ppm | Ag_ppm |
|---|---|---|---|---|
| P358966 | Sacramento | Grab Sample | 23.6 | 301 |
| P358967 | Sacramento | Grab Sample | 16.8 | 118 |
| P358963 | Sacramento | Channel Sample | 4.53 | 116 |
| P358965 | Sacramento | Channel Sample | 2.19 | 26 |
| P358964 | Sacramento | Channel Sample | 2.02 | 20.7 |
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7 | ASX Release 14 August 2019
ASX Release 14 August 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 nonexecutive 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 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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8 | ASX Release 14 August 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 | •CRG Mining, LLC undertook 1,630 metres |
| techniques | cut channels, random chips, or | of drilling in 16 drill holes. Of this 380 m |
| specific specialised industry standard | were core and 1250 m were reverse | |
| measurement tools appropriate to the | circulation (RC). Three channel samples | |
| minerals under investigation, such as | and 3 grab samples were also collected. | |
| down hole gamma sondes, or | Industry standard core handling and | |
| handheld XRF instruments, etc). | sampling procedures were employed to | |
| These examples should not be taken | insure high quality samples. | |
| as limiting the broad meaning of | •Diamond core sampling was nominally at | |
| sampling. | 1.5 m intervals. In zones of broken ground | |
| • Include reference to measures taken | and mineralisation sample intervals were | |
| to ensure sample representivity and | as short as 0.2 m. | |
| the appropriate calibration of any | •Potentially mineralized intervals of diamond | |
| measurement tools or systems used. | core were identified by geological logging | |
| • Aspects of the determination of | and were cut lengthways in half with one | |
| mineralisation that are Material to the | half retained as a reference sample, and | |
| Public Report. | the other dispatched for assay. | |
| • In cases where ‘industry standard’ | •RC drilling obtained 1.5 m samples from | |
| work has been done this would be | which 7kg was split. | |
| relatively simple (eg ‘reverse | •Samples from drill holes and channel | |
| circulation drilling was used to obtain | samples were sent to Hazen Research, | |
| 1 m samples from which 3 kg was | Golden, Colorado for sample preparation | |
| pulverised to produce a 30 g charge | and assay. Samples were dried, weighed, | |
| for fire assay’). In other cases more | crushed to -1mm and split to obtain 100gm. | |
| explanation may be required, such | Samples were placed in ring and puck | |
| as where there is coarse gold that | grinder to produce 90% minus 200 mesh | |
| has inherent sampling problems. | pulp. This material was blended on clean | |
| Unusual commodities or | cloth and packaged in paper pulp bags. | |
| mineralisation types (eg submarine | Using a pulp balance, a 29.17 gm sample | |
| nodules) may warrant disclosure of | was weighted out for traditional fire assay. | |
| detailed information. | 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%. The | ||
| QAQC material was comprised of Certified | ||
| Reference Materials from CDN Resource | ||
| Laboratories Ltd. and blank material | ||
| (barren granodiorite). | ||
| •The sampling procedure is appropriate to | ||
| the geology and mineralisation of the | ||
| deposit and complies with industry best | ||
| practices | ||
| 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 | |
| diameter, triple or standard tube, | and an experience diamond driller. It | |
| depth of diamond tails, face- | employed wireline core barrels, bottom | |
| sampling bit or other type, whether | discharge bits, split inner tubes and HQ3 | |
| core is oriented and if so, by what | size core (61.1mm). | |
| method, etc). | •The RC drilling was conducted with a track | |
| mounted Discovery 2 drill rig utilizing high | ||
| pressure and high volume compressed air |
Criteria JORC Code explanation
Commentary
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 tubes. | |
|---|---|---|---|
| sample | core and chip sample recoveries and | Each core run was inspected and measured | |
| recovery | results assessed. | for core recovery length and placed in wax | |
| • Measures taken to | coated cardboard core boxes for permanent | ||
| maximise sample recovery | 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 zones of mineralisation | ||
| between sample recovery and grade | core recoveries were generally 95 to 100%. | ||
| and whether sample bias may have | In fresh rock the core recovery was | ||
| occurred due to preferential | generally 100%. | ||
| loss/gain of fine/coarse material. | •Bottom discharge bits allow the water to | ||
| 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 samples | •All core and RC samples were geologically | |
| have been geologically and | logged. Lithology, veining, alteration, | ||
| geotechnically logged to a level | mineralisation and weathering are recorded | ||
| of detail to support appropriate | in the appropriate tables of the drill hole | ||
| Mineral Resource estimation, | database. | ||
| mining studies and metallurgical | •Before logging the core, each box was | ||
| studies. | photographed wet and dry. Geotechnical | ||
| • Whether logging is qualitative or | logging for rock quality and RQD was | ||
| quantitative in nature. Core (or | completed. The core was logged by the on- | ||
| costean, channel, etc) | site geologist, and sample intervals selected. | ||
| photography. | •Geological logging of core and RC samples | ||
| • The total length and percentage of the | is descriptive in nature and both qualitative | ||
| relevant intersections logged. | and quantitative depending on the features | ||
| or parameters logged. | |||
| •Geotechnical logging of core is quantitative | |||
| and includes RQD measurements and | |||
| measuring of 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 interval. | |
| and whether sampled wet or | Samples are placed in a heavy duty cloth | ||
| dry. | sample bag. Each sample bag was marked | ||
| • For all sample types, the | with permanent marker with sample number, | ||
| nature, quality and | a sample tag stapled to the bag, and a | ||
| appropriateness of the sample | sample tag with the corresponding sample | ||
| preparation technique. | number placed in the bag. Sample bags | ||
| • Quality control procedures | were sealed with draw strings. Samples |
| Criteria | JORC Code explanation | Commentary |
| adopted for all sub-sampling | were sent by United Parcel Service (UPS) or | |
| stages to maximise representivity | hand delivered by CRG Mining personnel to | |
| of samples. | Hazen Research. | |
| • Measures taken to ensure that the | •Core was cut in half, and one half retained | |
| sampling is representative of the in situ | and the other sent for assay. | |
| material collected, including for | •RC samples were sub sampled using a rig | |
| instance results for field | mounted rotary splitter to produce a split | |
| duplicate/second-half sampling. | sample of approximately 7 kg in weight. | |
| • Whether sample sizes are appropriate to the grain size of the material being sampled. |
•The splitter was routinely cleaned at the end of sampling stages to minimize contamination of each drill rod (1.5 m) or as |
|
| needed. | ||
| •Sample size assessment was not conducted | ||
| but the sampling size used 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 |
| laboratory | whether the technique is considered | were completed using industry |
| tests | partial or total. | standard 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, calibrations | •Hazen included an internal blank and | |
| factors applied and their derivation, etc. | duplicate within each batch. | |
| • 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 independent | submittal were under the guidance and care |
| and assaying | or alternative company personnel. | of Leonard J. Karr, certified professional |
| • The use of twinned holes. | geologist, CPG #11072 (American Institute of | |
| • Documentation of primary | Professional Geologists), Project Geologist. | |
| data, data entry procedures, | •Intersection assays were documented by | |
| data verification, data storage | CRG's professional exploration geologists and | |
| (physical and electronic) | verified by CRG's Project Geologist. | |
| protocols. | •All assay data were received as CSV files, | |
| • Discuss any adjustment to assay data. | checked, verified and merged into CRG’s | |
| database. | ||
| •Original laboratory data files in CSV and | ||
| locked PDF formats are stored together with | ||
| the merged data. | ||
| •No drill holes were twinned | ||
| •No verification of sampling and assaying has | ||
| been undertaken. | ||
| •No assay adjustment was applied. | ||
| Location | • Accuracy and quality of surveys used to | •All drill hole collars were surveyed by a |
| of data | locate drill holes (collar and down-hole | licensed surveyor using differential GPS |
| points | surveys), trenches, mine workings and | survey equipment. The positions are |
| other locations used in Mineral | accurate to within 10 cm x-y and height (z) | |
| Resource estimation. | to +/- 20 cm. | |
| • Specification of the grid system used. | •The holes are surveyed in the Colorado | |
| • Quality and adequacy of topographic | State Plane, Central Zone, coordinate | |
| control. | system. | |
| •Down hole surveys using a Reflex |
| Criteria | JORC Code explanation | Commentary |
| 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 Exploration | •The spacing and location of data is currently |
| and | Results. | only being considered for exploration and |
| distribution | • Whether the data spacing and | resource estimation purposes. |
| distribution is sufficient to establish the | •Drill hole data is currently being evaluated | |
| degree of geological and grade | for its appropriateness in estimating a | |
| continuity appropriate for the Mineral | mineral resource. | |
| Resource and Ore Reserve estimation | •No sample compositing has been applied. | |
| procedure(s) and 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 drilling | •Sample orientation is deemed to be | |
| orientation and the orientation of key | representative for reporting purposes. | |
| mineralised structures is considered | •No bias is considered to have been | |
| to have introduced a sampling bias, | introduced by the existing sampling | |
| this should be assessed and reported | orientation | |
| 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 |
| reviews | sampling techniques and data. | by 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, | ||
| 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 data was completed by |
| done by other | exploration by other parties. | several parties over 100 years. |
| parties | •All previous work undertaken by is non- | |
| JORC compliant |
| Criteria | JORC Code explanation | Commentary |
| Geology | • Deposit type, geological setting and | •The Gold Links Project is hosted by an Early |
| style of mineralisation. | 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 a |
| aggregation | weighting averaging techniques, | 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 sampling | |
| and should be stated. | in the tabulated results presented in the | |
| • Where aggregate intercepts | 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 | ||
| reporting of metal equivalent values | ||
| should be clearly stated. | ||
| Relationship | • These relationships are | •Drill holes are orientated to drill |
| between | particularly important in the | perpendicular or near to perpendicular to the |
| mineralisation | reporting of Exploration Results. | mineralized structures. |
| widths and | • If the geometry of the | |
| 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’). |
| Criteria | JORC Code explanation | Commentary |
| 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. |