AI assistant
DATELINE RESOURCES LIMITED — Capital/Financing Update 2021
Nov 24, 2021
64793_rns_2021-11-24_c8b9a53c-c3aa-4c2e-9c43-71a6cecbf109.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Release
DATELINE RESOURCES LIMITED
(ACN 149 105 653) ASX Code: DTR
==> picture [72 x 66] intentionally omitted <==
56g/t gold and 384g/t silver intersected at Gold Links
Highlights
-
High-grade gold intersections up to 56.74g/t gold and 384g/t silver intersected at Gold Links as part of the underground drilling program
-
Significant intersections include:
-
CRG21-027: 1.6m @ 29.2g/t Au & 197g/t Ag inc. 0.6m @ 56.74g/t Au and 384g/t Ag
CAPITAL STRUCTURE
Share Price (24/11/21) $0.082
$35.9 million
-
CRG21-025: 1.2m @ 13.92g/t Au & 27g/t Ag and 1.4m @ 5.53g/t Au & 9g/t Ag
-
CRG21-026: 0.8m @ 15.74g/t Au & 106g/t Ag
-
Results are in line with grade and width expectations for the 2150 vein
MAJOR SHAREHOLDERS
Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) is pleased to announce high-grade gold intersections returned from its 4,000-metre underground drilling program at the Gold Links Gold Project, located in Gunnison County, Colorado:
Commenting on the results, Dateline’s Managing Director, Stephen Baghdadi, said:
DIRECTORS & MANAGEMENT
Mark Johnson AO Chairman
Stephen Baghdadi Managing Director
Greg Hall Non-Executive Director
Tony Ferguson Non-Executive Director
Bill Lannen Non-Executive Director
Mark Ohlsson Company Secretary
CONTACT Mark Ohlsson Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: [email protected]
“The Gold Links project is a high-grade multi-vein gold system. These results are in line with our expectations and support the case that significant high-grade mineralisation continues below the old workings”.
To date, the best assay results have been achieved when we have drilled into the sediments and below the old workings, this will remain the case as we head north in the decline.
Intersection Details
The current phase of the underground drilling program is aimed at extending a known mineralised zone which was drilled between 1975 and 1985. The Company has so far completed eight out of a planned 10 holes from this drill station. Results for three of the holes have been returned and five remain outstanding
==> picture [396 x 265] intentionally omitted <==
Figure 1 - Schematic showing new drill holes into the 2150 vein in green. Scale is in feet
ASX Release 25 November 2021
CRG21-025 contained two intersections approximately 7 metres apart and graded 13.92g/t Au and 27g/t Ag over 1.2 metres in the first section and 1.4 metres at 5.53g/t Au and 9g/t Ag in the second section. This hole was designed to test further into the hangingwall and in between intercepts from CRG21-004 and CRG21-006, which assayed 9.7g/t Au and 17.95g/t Au respectively as disclosed in the September 2021 Quarterly report.
CRG21-027 returned an assay result of 1.6 metres at 29.2g/t Au and 197g/t Ag. This hole was designed to confirm three historical high-grade intercepts.
CRG21-026 returned an assay result of 0.8m at @15.74g/t Au and 106g/t Ag. This hole was designed to target approximately 50 feet (15.2 metres) south of CRG21-027 and test the strike to the south of the known mineralised envelope.
Further details on the drilling and assay methodology can be found in Table 1 at the end of this report.
Underground Development Progress
As noted above, the drilling program requires the development of 1,000m of underground development. The development will be used as a haulage route and for underground exploration. To date, 700 metres of development has been completed, or approximately 70% of the planned program.
Following the initial preparation works required to commence development, the weekly development rate is progressing in line with forecast. The Company anticipates completion of the current underground development program before the end of 2021.
Importantly, the development is approximately 80 metres away from completion of a second escapeway, expected to be completed in mid-December. The completion of the second escapeway is an important milestone for the Company as it allows for alternative access when the Company commits to mining and stoping activities as part of the planned transition to production.
==> picture [521 x 348] intentionally omitted <==
Figure 2 – Long section view of ore zones annotated - Gold Links Project scale is in feet
ASX Release 25 November 2021
Production Strategy
The current program of underground development and drilling has been designed to support the Company’s plans to commence commercial production from Gold Links in the near term. The information being gathered, and the infrastructure being established will allow the Company to transition from developer to producer with minimal additional capital expenditure.
The Company anticipates the decision to commit to production will be made before the end of 2021.
==> picture [538 x 360] intentionally omitted <==
Figure 2: Schematic view of underground development progress
This announcement has been authorised for release on ASX by the Company's Board of Directors.
For more information, please contact:
Stephen Baghdadi Managing Director +61 2 9375 2353 www.datelineresources.com.au
Follow Dateline on Twitter: https://twitter.com/Dateline_DTR
ASX Release 25 November 2021
About Dateline Resources Limited
Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in North America. The Company owns 100% of the Gold Links and Green Mountain Projects in Colorado, USA and has an agreement to acquire 100% of the Colosseum Gold Mine in California.
The Gold Links Gold Mine is a historic high-grade gold mining project where over 150,000 ounces of gold was mined from high-grade veins. Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. The Company aims to delineate sufficient Mineral Resources to commence a small high-grade, low-cost operation by the end of 2021.
The Company owns the Lucky Strike gold mill, located 50km from the Gold Links mine, within the Green Mountain Project. It is proposed that ore from Gold Links would be transported to Lucky Strike for processing.
The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and produced approximately 344,000 ounces of gold (see ASX release 15 March 2021). Significant potential remains for extension to mineralization at depth.
Competent Person Statement
Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr 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 quality as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.
ASX Release 25 November 2021
Drill-hole table (for drill holes with greater than 0.2g/t Au)
| Sample_ID | Hole_ID | Drill Type |
From (m) |
To (m) | Length (m) |
Au ppm | Ag ppm |
|---|---|---|---|---|---|---|---|
| 326245 | CRG21-003 | Core | 33.4 | 33.7 | 0.3 | 0.21 | 3.49 |
| 326246 | CRG21-003 | Core | 33.7 | 33.9 | 0.2 | 2.57 | 38.30 |
| 326247 | CRG21-003 | Core | 33.9 | 34.0 | 0.2 | 1.03 | 8.20 |
| 326248 | CRG21-003 | Core | 34.0 | 34.4 | 0.4 | 0.89 | 10.80 |
| E255055 | CRG21-004 | Core | 17.2 | 17.8 | 0.6 | 15.20 | 60.70 |
| E255056 | CRG21-004 | Core | 17.8 | 19.4 | 1.6 | 7.73 | 77.90 |
| E255058 | CRG21-004 | Core | 19.4 | 10.7 | -8.7 | 0.31 | 3.86 |
| E255061 | CRG21-004 | Core | 21.1 | 21.5 | 0.4 | 0.29 | 1.95 |
| 326229 | CRG21-006 | Core | 21.8 | 22.3 | 0.5 | 17.95 | 49.60 |
| E255081 | CRG21-007 | Core | 5.9 | 6.1 | 0.2 | 0.80 | 5.13 |
| E255084 | CRG21-007 | Core | 6.6 | 7.0 | 0.5 | 0.38 | 17.80 |
| E255087 | CRG21-007 | Core | 9.0 | 9.5 | 0.6 | 0.41 | 5.48 |
| E255088 | CRG21-007 | Core | 9.5 | 10.2 | 0.7 | 0.37 | 4.21 |
| E255089 | CRG21-007 | Core | 10.2 | 10.5 | 0.3 | 0.41 | 3.65 |
| E255097 | CRG21-013 | Core | 32.6 | 32.8 | 0.2 | 0.41 | 7.51 |
| E255099 | CRG21-014 | Core | 29.0 | 30.5 | 1.5 | 0.37 | 2.50 |
| E255100 | CRG21-014 | Core | 30.5 | 32.2 | 1.7 | 0.22 | 9.30 |
| E255105 | CRG21-014 | Core | 55.4 | 55.8 | 0.4 | 0.25 | 3.49 |
| E255114 | CRG21-016 | Core | 18.3 | 18.4 | 0.1 | 0.30 | 1.81 |
| E255115 | CRG21-016 | Core | 18.4 | 18.7 | 0.3 | 0.60 | 4.51 |
| E255130 | CRG21-014a | Core | 29.0 | 29.3 | 0.2 | 0.30 | 2.40 |
| E255132 | CRG21-014a | Core | 29.6 | 30.1 | 0.5 | 2.33 | 14.40 |
| E255133 | CRG21-014a | Core | 30.1 | 30.8 | 0.7 | 0.40 | 13.30 |
| E255144 | CRG21-017 | Core | 20.8 | 21.2 | 0.4 | 1.32 | 6.36 |
| E255145 | CRG21-017 | Core | 21.2 | 21.9 | 0.7 | 0.72 | 14.70 |
| E255148 | CRG21-017 | Core | 23.9 | 24.4 | 0.5 | 0.73 | 2.59 |
| E255176 | CRG21-025 | Core | 17.2 | 17.7 | 0.6 | 0.44 | 9.56 |
| E255177 | CRG21-025 | Core | 17.7 | 19.1 | 1.4 | 5.53 | 9.09 |
| E255179 | CRG21-025 | Core | 21.3 | 21.9 | 0.6 | 0.20 | 8.19 |
| E255182 | CRG21-025 | Core | 25.3 | 26.2 | 0.9 | 14.71 | 23.70 |
| E255183 | CRG21-025 | Core | 26.2 | 26.5 | 0.4 | 11.54 | 35.10 |
| E255209 | CRG21-026 | Core | 53.2 | 53.7 | 0.5 | 0.33 | 0.86 |
| E255215 | CRG21-026 | Core | 56.4 | 57.2 | 0.8 | 15.74 | 106.29 |
| E255219 | CRG21-026 | Core | 57.8 | 58.2 | 0.4 | 0.68 | 3.43 |
| E255226 | CRG21-027 | Core | 58.3 | 58.7 | 0.4 | 2.07 | 4.11 |
| E255232 | CRG21-027 | Core | 63.3 | 64.0 | 0.7 | 0.29 | 25.37 |
| E255234 | CRG21-027 | Core | 64.0 | 64.6 | 0.6 | 56.74 | 383.66 |
| E255236 | CRG21-027 | Core | 64.6 | 64.9 | 0.3 | 1.47 | 35.32 |
| E255237 | CRG21-027 | Core | 64.9 | 65.1 | 0.3 | 33.19 | 228.35 |
| E255239 | CRG21-027 | Core | 65.1 | 65.6 | 0.5 | 8.61 | 39.09 |
ASX Release 25 November 2021
2021 Drill-hole Co-ordinates
| Hole ID | Easting | Northing | Elevation | Total Depth (m) |
|---|---|---|---|---|
| CRG21-001 | 2694042 | 1291581 | 9845 | 21 |
| CRG21-002 | 2694042 | 1291581 | 9845 | 27.6 |
| CRG21-003 | 2694042 | 1291581 | 9845 | 37.1 |
| CRG21-004 | 2694042 | 1291581 | 9845 | 45.6 |
| CRG21-005 | 2694042 | 1291581 | 9845 | 57.1 |
| CRG21-006 | 2694042 | 1291581 | 9845 | 58.4 |
| CRG21-007 | 2694042 | 1291581 | 9845 | 28.9 |
| CRG21-008 | 2694042 | 1291581 | 9845 | 32.2 |
| CRG21-009 | 2693929 | 1291307 | 9807 | 37.1 |
| CRG21-010 | 2693929 | 1291307 | 9807 | 18 |
| CRG21-013 | 2693929 | 1291307 | 9807 | 96.5 |
| CRG21-014 | 2693929 | 1291307 | 9807 | 63.6 |
| CRG21-014a | 2693929 | 1291307 | 9807 | 41.7 |
| CRG21-015 | 2693929 | 1291307 | 9807 | 48.6 |
| CRG21-016 | 2693929 | 1291307 | 9807 | 58.7 |
| CRG21-017 | 2693929 | 1291307 | 9807 | 49.9 |
| CRG21-018 | 2693929 | 1291307 | 9807 | 48.3 |
| CRG21-025 | 2694056 | 1291599 | 9845 | 121 |
| CRG21-026 | 2693699 | 1291534 | 9710 | 70.7 |
| CRG21-027 | 2693699 | 1291534 | 9710 | 72.8 |
ASX Release 25 November 2021
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 cut | • As of 9/30/2021, the Gold Links Project CRG Mining, LLC | |
| techniques | channels, random chips, or specific | has completed 1,238 metres of drilling in 24 drill holes. | |
| specialised industry standard | All the drilling was done underground with diamond | ||
| measurement tools appropriate to the | drill core. Industry standard core handling and | ||
| minerals under investigation, such as | sampling procedures were employed to ensure high | ||
| down hole gamma sondes, or handheld | quality samples. | ||
| XRF instruments, etc). These examples | • Core sample boundaries were defined by changes in | ||
| should not be taken as limiting the broad | lithology, alteration, and mineralization noted in | ||
| meaning of sampling. | logging. | ||
| • Include reference to measures taken to | • Potentially mineralized intervals were identified by | ||
| ensure sample representivity and | the | geological logging and dispatched for assay with | |
| appropriate calibration of |
any | minimum 0.3 metre shoulder samples. | |
| measurement tools or systems used. | • Logging geologist identified zones of interest for | ||
| • Aspects of the determination of | sampling and sampled them. They also sampled a length | ||
| mineralisation that are Material to the | equivalent to approximately 20% of the zone of interest | ||
| Public Report. | on each side of it. These are referred to as shoulder | ||
| • In cases where ‘industry standard’ work | samples. | ||
| has been done this would be relatively | • Core remaining after sampling was stored in wax coated | ||
| simple (eg ‘reverse circulation drilling was | cardboard core trays. | ||
| used to obtain 1 m samples from which 3 | • Samples from drill holes were sent to ALSGlobal and | ||
| kg was pulverised to produce a 30 g | Paragon Geochemical in Reno, Nevada for sample | ||
| charge for fire assay’). In other cases more | preparation and assay. Samples were dried, weighed, | ||
| explanation may be required, such as | crushed and split to obtain 250 gm. Samples were | ||
| where there is coarse gold that has | placed in ring and puck grinder to produce 85% minus | ||
| inherent sampling problems. Unusual | 75 micron pulp. This material was blended on clean | ||
| commodities or mineralisation types (eg | cloth and packaged in paper pulp bags. Using a pulp | ||
| submarine nodules) may warrant | balance, a 30 gm sample was weighted out for | ||
| disclosure of detailed information. | traditional fire assay. Samples were analyzed using | ||
| standard fire assay for gold. Overlimits were analyzed | |||
| via gravimetric analysis. | |||
| • All samples followed a strict Chain of Custody. | |||
| • Routine QAQC samples were inserted in the sample | |||
| runs at a rate of 20%, comprising Certified Reference | |||
| Materials from CDN Resource Laboratories Ltd., and | |||
| verified blank granitic material. | |||
| • Sampling practice is appropriate to the geology and | |||
| mineralization of the deposit and complies with | |||
| industry best practice. | |||
| Drilling | • Drill type (eg core, reverse circulation, | • The drilling program utilizes underground core drilling. | |
| techniques | open-hole hammer, rotary air blast, | • The core drilling is being conducted with a DE-130 | |
| auger, Bangka, sonic, etc) and details (eg | Sandvik rig with HQTT core tooling. Standard tubes | ||
| core diameter, triple or standard tube, | were used for the first 6 drillholes, the rest utilized | ||
| depth of diamond tails, face-sampling bit | triple tube to increase recoveries. The drilling has been | ||
| or other type, whether core is oriented | completed by an experienced diamond drilling core | ||
| and if so, by what method, etc). | driller. | ||
| Drill sample | • Method of recording and assessing core | • All drilling recoveries have been logged and | |
| recovery | and chip sample recoveries and results | notated each run based on 1.65-meter tooling. | |
| assessed. | • To maximize sample recoveries, use of triple tube | ||
| • Measures taken to maximise | and long chain polymer muds were used to | ||
| sample recovery and ensure | increase recovery. |
ASX Release 25 November 2021
| Criteria | JORC Code explanation | Commentary |
| representative nature of the | • There has been no analysis between sample | |
| samples. | recoveries and grade to date. | |
| • Whether a relationship exists between | ||
| sample recovery and grade and whether | ||
| sample bias may have occurred due to | ||
| preferential loss/gain of fine/coarse | ||
| material. | ||
| Logging | • Whether core and chip samples have | • Core samples were geologically logged. Lithology, veining, |
| been geologically and geotechnically | alteration, mineralization and weathering are recorded in | |
| logged to a level of detail to support | the appropriate tables of the drill hole database. | |
| appropriate Mineral Resource | • Each core box was photographed dry and wet, after | |
| estimation, mining studies and | logging of unit and structures were notated on the core. | |
| metallurgical studies. | • Core was cut along the long axis using a diamond saw, | |
| • Whether logging is qualitative or | half-core was sampled, and half stored for reference. | |
| quantitative in nature. Core (or | • Geological logging of core samples is qualitative | |
| costean, channel, etc) photography. | and quantitative in nature. | |
| • The total length and percentage of the | ||
| relevant intersections logged. | ||
| Sub-sampling | • If core, whether cut or sawn and | • All drill core samples were cut along the long axis. The left |
| techniques and | whether quarter, half or all core taken. | side when looking down hole was sampled. Samples were |
| sample | • If non-core, whether riffled, tube | placed in a heavy-duty poly sample bag. Each core sample |
| preparation | sampled, rotary split, etc and | placed in heavy duty poly sample bag, noted interval |
| whether sampled wet or dry. | width in sample book, with a sample tag with the | |
| • For all sample types, the nature, | corresponding sample number placed in the bag with the | |
| quality and appropriateness of the | other tag stapled to the top of the bag. Sample bags were | |
| sample preparation technique. | stapled along the top. Samples were sent by freight to | |
| • Quality control procedures adopted for | ALSGlobal or Paragon Geochemical, Reno, Nevada. | |
| all sub-sampling stages to maximise | • Routine QAQC samples were inserted at a 20% rate into | |
| representivity of samples. | the sample batches and comprised Certified Reference | |
| • Measures taken to ensure that the sampling | Materials (CRMs) from CDN Resource Laboratories Ltd. | |
| is representative of the in situ material | and verified blank granitic material. | |
| collected, including for instance results for | • Rock samples sent to ALS Laboratories were dried, | |
| field duplicate/second-half sampling. | weighed, crushed and split, with a split pulverized to | |
| • Whether sample sizes are appropriate to the | better than 85% passing 75 microns. Samples were | |
| grain size of the material being sampled. | analyzed for trace elements using 4-acid digestion. | |
| Additionally, rocks samples were analyzed by standard | ||
| 30gm fire assay for gold and silver. | ||
| • Sample size assessment was not conducted but used | ||
| sampling size which is typical for gold deposits. | ||
| Quality of | • The nature, quality and appropriateness of | • Samples were assayed by industry standard methods |
| assay data | the assaying and laboratory procedures | by ALSGlobal Laboratories, Paragon Geochemical in |
| and | used and whether the technique is | Reno, Nevada and Hazen Research Laboratories in |
| laboratory | considered partial or total. | Golden, Colorado. |
| tests | • For geophysical tools, spectrometers, | • Fire assays for gold and silver were completed |
| handheld XRF instruments, etc, the | using industry standard fire assay methodology. | |
| parameters used in determining the analysis | • External certified standards and blank material were | |
| including instrument make and model, | added to the sample submission. | |
| reading times, calibrations factors applied | ||
| and their 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. |
ASX Release 25 November 2021
| Criteria | JORC Code explanation | Commentary |
| Verification of | • The verification of significant | • Sampling, documentation and sample submittal were |
| sampling and | intersections by either independent or | under the guidance and care of Graham Craig, GIT |
| assaying | alternative company personnel. | (Association of Professional Engineers and Geoscientists of |
| • The use of twinned holes. | Manitoba). | |
| • Documentation of primary data, | • Drilling, sample, and assay data is currently stored in | |
| data entry procedures, data | MX Deposit, a secured data management system | |
| verification, data storage | through Seequent. | |
| (physical and electronic) | ||
| protocols. | ||
| • Discuss any adjustment to assay data. | ||
| Location of | • Accuracy and quality of surveys used to locate | • All drill hole collars are surveyed using differential GPS |
| data points | drill holes (collar and down-hole surveys), | survey equipment. The positions are accurate to within 10 |
| trenches, mine workings and other locations | cm x-y and height (z) to +/- 20 cm. | |
| used in Mineral Resource estimation. | • The holes are surveyed in the Colorado State Plane, | |
| • Specification of the grid system used. | UTM zone 12, NAD 1983 coordinate system. | |
| • Quality and adequacy of topographic | • Down hole surveys will be done using a Reflex SPRINT- | |
| control. | IQ north seeking gyro on all diamond drill holes. With | |
| collars surveyed using Reflex TN-14 Azimuth Aligner. | ||
| • Sample locations were surveyed using Colorado State | ||
| Plane, UTM zone 12, NAD 1983 coordinate system. | ||
| Data spacing | • Data spacing for reporting of Exploration | • The spacing and location of data is currently 16-33 |
| and | Results. | meter spacing according to previous Mineral Resource |
| distribution | • Whether the data spacing, and distribution | estimation completed. |
| is sufficient to establish the degree of | • No sample compositing has been applied. | |
| geological and grade continuity appropriate | ||
| for the Mineral Resource and Ore Reserve | ||
| estimation procedure(s) and classifications | ||
| applied. | ||
| • Whether sample compositing has been | ||
| applied. | ||
| Orientation of | • Whether the orientation of sampling | • Drill holes are planned to be drilled obliquely to near |
| data in | achieves unbiased sampling of possible | perpendicular to the known mineralized structures. |
| relation to | structures and the extent to which this is | Definition of structure location is the principal goal. |
| geological | known, considering the deposit type. | • Sample orientation is deemed to be representative |
| structure | • If the relationship between the drilling | for reporting purposes. |
| orientation and the orientation of key | • No bias is considered to have been introduced by | |
| mineralised structures is considered to | the existing sampling orientation. | |
| have introduced a sampling bias, this | ||
| should be assessed and reported if | ||
| material. | ||
| Sample | • The measures taken to ensure sample | • All samples were taken and maintained under the |
| security | security. | constant care of CRG Mining personnel. Samples were |
| delivered to laboratories by a licensed transportation | ||
| company. | ||
| Audits or | • The results of any audits or reviews of | • Drill hole sampling techniques and QAQC procedures |
| reviews | sampling techniques and data. | have been developed and reviewed by Dale Sketchley, |
| M.Sc., P. Geo. of Acuity Geoscience Ltd., Graham | ||
| Craig, GIT. | ||
| • The QAQC program has demonstrated its ability to | ||
| catch errors. | ||
| • A QAQC review will be completed for this program. |
ASX Release 25 November 2021
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, location | • All tenements are 100% owned by Dateline |
| tenement and | and ownership including agreements or | Resources Limited or a wholly owned subsidiary and |
| land tenure | material issues with third parties such as | there exist production-based royalties as previously |
| status | joint ventures, partnerships, overriding | disclosed to ASX. |
| royalties, 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 exploration | • Historical work was completed by various groups over 100 |
| done by other | by other parties. | years. Review of this work was completed by Dahrouge |
| parties | Geological Consulting Ltd. In 2019. | |
| • All previous work undertaken by others is non-JORC | ||
| compliant. | ||
| Geology | • Deposit type, geological setting and style of | • The Gold Links Project is hosted by an Early Proterozoic |
| mineraliation. | assemblage of fine-grained meta-sediments and | |
| interbedded felsitic meta-volcanics. These were intruded | ||
| by Early Proterozoic amphibolites, granites, and rhyolite | ||
| porphyry dykes. Tertiary age rhyolitic stocks, dikes and | ||
| sills intrude the Proterozoic rocks. | ||
| • The gold and silver mineralization occurs in narrow | ||
| fissure quartz veins. Veins in the district trend West- | ||
| Northwest with steep Southerly dips. | ||
| • The auriferous quartz veins cut through the | ||
| various rock types. There appears to be an affinity | ||
| for the veins with the amphibolites. The primary | ||
| sulphide occurring in these veins is pyrite. Broad | ||
| zones of silicification and disseminated sulfides | ||
| have been found near the veins. | ||
| Drill hole | • A summary of all information material to | • See Table 1 within this report for details of the drill |
| Information | the understanding of the exploration results | holes and sample locations. |
| including a 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, weighting | • Drill hole intersections are reported above a lower |
| aggregation | averaging techniques, maximum and/or | exploration cut-off grade of 0.2 g/T Au and no |
| methods | minimum grade truncations (eg cutting of | upper cut off grade has been applied. |
ASX Release 25 November 2021
| Criteria | JORC Code explanation | Commentary | ||
| high grades) and cut-off grades are usually | ||||
| Material and should be stated. | ||||
| • Where aggregate intercepts 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 particularly | • Drill holes are orientated obliquely to the | ||
| between | important in the reporting of | mineralized structures and disseminated | ||
| mineralisation | Exploration Results. | bodies. | ||
| widths and | • If the geometry of the mineralisation | • Interception angles of the mineralized | ||
| intercept | with respect to the drill hole angle is | structures are estimated by geometries | ||
| lengths | known, its nature should be reported. | from known occurrences in the adjacent | ||
| • If it is not known and only the down hole | mine workings and the core drilling | |||
| lengths are reported, there should be a clear | intercepts. | |||
| statement to this effect (eg ‘down hole | ||||
| length, true width not known’). | ||||
| Diagrams | • Appropriate maps and sections (with | • Supporting figures have been included within the body of | ||
| scales) and tabulations of intercepts | this release. | |||
| 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 | • Representative reporting of both low and high grades | ||
| reporting | Exploration Results is not practicable, | and/or widths have been reported. | ||
| 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 and | |||
| substantive | material, should be reported including (but | |||
| exploration | not limited to): geological observations; | |||
| data | 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 further | • At Gold Links, future work will include expanded drilling | ||
| work (eg tests for lateral extensions or | the on-strike and down-dip extensions of the 2150, | |||
| depth extensions or large-scale step-out | Hanging Wall, and 1700 veins, preparation for | |||
| drilling). | underground exploitation, finalizing the surface | |||
| • Diagrams clearly highlighting the areas of | program; reopening, mapping and sampling of | |||
| possible extensions, including the main | previously inaccessible underground workings; as well as | |||
| geological interpretations and future drilling | infill and expanded surface soil geochemistry, geological | |||
| areas, provided this information is not | mapping, and geophysics. | |||
| commercially sensitive. |