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DATELINE RESOURCES LIMITED — Capital/Financing Update 2021
Mar 23, 2021
64793_rns_2021-03-23_94fa69ee-8b10-484d-aede-86110bf9f945.pdf
Capital/Financing Update
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ASX Release
24 March 2021
DATELINE RESOURCES LIMITED
(ACN 149 105 653) ASX Code: DTR
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DATELINE SECURES US$6,843,000 WORKING CAPITAL FACILITY
Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) is pleased to announce that it has accepted a detailed offer of funding from a US-based lender for US$6,843,000 (approximately A$9,000,000).
Loan Facility Features
CAPITAL STRUCTURE
Share Price (23/3/21) $0.003 Shares on issue 8,635 million Market Cap $25.9 million
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10-year maturity date (March 2031)
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First four years are interest only followed by principal and interest for the remainder of the term
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Interest rate of 6.00% per annum, payable monthly
MAJOR SHAREHOLDERS
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The funds have been received in full and are not subject to drawdown limits
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Facility to be secured and ringfenced by the Gold Links Project in Colorado
Use of Funds
DIRECTORS & MANAGEMENT
Mark Johnson AO Chairman
Stephen Baghdadi Managing Director
Greg Hall Non-Executive Director
Funds from the working capital facility will be used to advance the Company’s 100% owned Gold Links Project in Colorado USA into production. The 2021 work program is being finalised and is expected to commence in Q2 CY21.
The work program includes,
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Underground and surface drilling to
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Increase the current resource base (refer Table 1).
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Increase confidence in the inferred resource below the old workings.
Tony Ferguson Non-Executive Director
Bill Lannen Non-Executive Director
John Smith Company Secretary
CONTACT
John Smith Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: [email protected]
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Underground development to enable the extraction of the indicated and inferred resource - expected to commence in Q3 CY21.
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Processing of the extracted resource at the company’s 100% owned Lucky Strike Mill – expected to commence in Q4 CY21.
Managing Director Stephen Baghdadi commented: “This funding provides the capital required to assist with increasing the resource at Gold Links and transform the Company into a gold producer, with sales expected to fund increased exploration and development activity both at the Gold Links and at the Colosseum once that transaction is completed[1] .”
The Gold Links Project
The Gold Links Project (Project) is comprised of four historically significant contiguous gold mines in Gunnison County, Colorado USA. The Project hosts a swarm of high-grade narrow gold veins over an area of >1km across strike and >5km strike length. The veins were discovered in the late 19[th] century and were mined intermittently by various owners until 1942.
1 ASX announcement – Colosseum Gold Mine Acquisition – 15 March 2021
ASX Release 24 March 2021
Dateline is the first entity to consolidate ownership of the claims that make up this swarm.
Historical mapping and drilling coupled with our own exploration work has confirmed mineralisation is extensive throughout the Project. Gold occurs in discrete pockets that can vary in size and volume but generally carries grades in line with our current resource statement as per Table 1 below.
Project reports completed by Harold Baxter, an Engineer of Mines, in 1909 and by Atlas Precious Metals Limited in 1984, determined that approximately 40% of the vein system is mineralised as measured by the length of linear feet of drifting vs stoped out area. Both of these reports are not JORC compliant.
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Image 1. 2150 vein above the old workings showing masses of quartz surrounded by altered wall rock which is typical for this structure.
Delineated Mineral Resource
Dateline has conducted four targeted drilling programs on a small section of the northern part of the Gold Links Project during 2017-2019. Drilling has confirmed mineralisation is open at depth at the 2150 and Sacramento veins and sections of the 2150 vein that may have been considered sub-economic when previously mined were still present above the old workings.
Dateline has delineated the following JORC compliant resource as described in the table below and in the attached JORC Table:
| ached JORC Table: | ||||
|---|---|---|---|---|
| Zone | Category | Tons | Average Grade (Au g/t) | Total Ounces Au |
| 2150 vein “Above” (9900ft elevation) |
Indicated | 9,033 | 14.73 | 3,879 |
| Inferred | 4,134 | 7.32 | 882 | |
| 2150 vein “Below” (9450ft elevation) |
Inferred | 21,026 | 10.52 | 6,453 |
| Sacramento | Inferred | 110,780 | 3.21 | 10,378 |
Table 1 – JORC compliant resource
ASX Release 24 March 2021
The delineated resource in 2150 vein is split over two levels, one above the historic workings and the other below. The Company has identified four additional areas of the 2150 vein close to the resource that will be tested by close spaced drilling with a view to adding to the resource inventory.
The resource at Sacramento vein was mainly drilled using RC drill, additional core drilling will be undertaken at the Sacramento vein.
Of significance is the relationship between the inferred and indicated gold grades per ton. At the 2150 vein above the old workings, the indicated grade is greater than double the inferred grade. The increased gold grade in the indicated category is encouraging as it supports the case that potential exists to increase the grade in the inferred category with closer spaced drilling. The nature of the gold distribution (nugget effect) is common in narrow vein high-grade gold systems. The Company will conduct closer spaced drilling in the inferred resource section of the 2150 vein below the old workings to attempt to replicate the 2:1 indicated to inferred ratio delineated in the 2150 vein above the old workings.
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Image 2. Leapfrog software image of sub-surface looking East showing location of delineated resources. Scale bar in feet.
ASX Release 24 March 2021
Lucky Strike Mill
The Lucky Strike Mill is located 50km from the Gold Links Mine and can process 100 tons of ore per day. The flotation cells can handle double this volume and the mill has been designed to capture gold by gravity separation and sulphide flotation.
The Lucky Strike Mill will be used to process material from the Gold Links Mine. At current processing capacity and on the assumption the delineated resource will be extracted, the mill will be able to operate for 12 months on a 24/7 basis from commencement of production.
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Image 3: Location map of Gold Links Mine and Lucky Strike Mill, Colorado USA
Authorised by the Dateline Board.
For more information, please contact:
Stephen Baghdadi Managing Director +61 2 9375 2353 www.datelineresources.com.au
Follow Dateline on Twitter:
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https://twitter.com/Dateline_DTR
ASX Release 24 March 2021
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 Mr Allen David V. Heyl who is a Certified Professional Geologist of the American Institute of Professional Geologists (AIPG) and a full-time employee of Dateline Resources Limited. 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.
Resource information in this announcement is based upon work reviewed by Mr. D. A. Sketchley, M.Sc., P. Geo., who is the Competent Person for Section 11.0 on Sample Preparation, Analyses and Security; and Section 12.0 on Data Verification of the JORC report. He also compiled supporting Sections 1.0 to 10.0, 13.0, and 15.0 to 27.0 of the JORC report, which are based on information provided by the Company. Mr. P. J. Hollenbeck, CPG, is the Competent Person for Section 14.0 on Mineral Resource Estimates of the JORC report. Both authors are independent consulting geologists with no affiliations to Dateline Resources Limited and any of its affiliated companies and have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are 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).
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.
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 Colosseum Gold Mine in California as well as the Gold Links and Green Mountain Projects in Colorado, USA.
Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and produced approximately 344,000 ounces of gold at a head grade of 2.5g/t (see ASX release 15 March 2021).
Gold Links is comprised of several contiguous historic gold mines that have been consolidated by the Company. Gold Links has produced up to 150,000 ounces of high-grade gold (see ASX release 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.
Green Mountain Project hosts the Lucky Strike and Mineral Hill permitted gold properties as well as a recommissioned gold processing plant (Lucky Strike Mill). Gold Links and the Lucky Strike Mill are 50km apart.
ASX Release 24 March 2021
Appendix 1. Drill Hole Configuration Information
Gold Links Vein System REY Drilling Program ‐ Part A
RELEV & DEPT in feet as originally recorded
| Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part A RELEV & DEPT in feet as originally recorded |
|---|---|---|---|---|---|---|---|---|
| HOLE | NORT | EAST | RELEV | INCL | AZIM | DEPT | TYPE | AREA |
| REY-001 | 1292167.88 | 2694413.74 | 9933.27 | 0 | 259 | 137.7 | DD-HQ | Reynolds Decline |
| REY-002 | 1292077.99 | 2694366.59 | 9935.19 | -3 | 256 | 183 | DD-NQ | Reynolds Decline |
| REY-003 | 1292069.15 | 2694358.33 | 9932.97 | -10 | 226 | 139 | DD-NQ | Reynolds Decline |
| REY-004 | 1291976.03 | 2694274.35 | 9912.68 | 12 | 263 | 123 | DD-DD-NQ2 | Reynolds Decline |
| REY-005 | 1291975.44 | 2694278.47 | 9922.98 | 52 | 265 | 66 | DD-NQ2 | Reynolds Decline |
| REY-006 | 1291971.9 | 2694268.75 | 9911.86 | -8 | 259 | 100 | DD-NQ2 | Reynolds Decline |
| REY-007 | 1291971.02 | 2694270.22 | 9916 | 10 | 260 | 84.7 | DD-NQ2 | Reynolds Decline |
| REY-008 | 1291973.08 | 2694274.35 | 9920.34 | 34 | 239 | 65 | DD-NQ2 | Reynolds Decline |
| REY-009 | 1291974.26 | 2694278.18 | 9922.64 | 53 | 245 | 66 | DD-NQ2 | Reynolds Decline |
| REY-010 | 1291969.84 | 2694274.94 | 9911.26 | -6.5 | 227.5 | 131 | DD-NQ2 | Reynolds Decline |
| REY-011 | 1291974.26 | 2694271.4 | 9915.51 | 17 | 270 | 74.2 | DD-NQ2 | Reynolds Decline |
| REY-012 | 1291974.26 | 2694274.35 | 9919.06 | 40 | 263 | 62 | DD-NQ2 | Reynolds Decline |
| REY-013 | 1291876.42 | 2694212.46 | 9901.57 | -20 | 306 | 154 | DD-NQ3/2 | Reynolds Decline |
| REY-014 | 1291876.42 | 2694212.46 | 9903.07 | -11 | 312 | 86 | DD-NQ2 | Reynolds Decline |
| REY-015 | 1291876.13 | 2694212.16 | 9905.87 | 21 | 309 | 51 | DD-NQ3 | Reynolds Decline |
| REY-016 | 1291874.36 | 2694213.93 | 9913.57 | 81 | 312 | 77 | DD-NQ2 | Reynolds Decline |
| REY-017 | 1291873.18 | 2694208.04 | 9900.27 | -26 | 261 | 112 | DD-NQ2 | Reynolds Decline |
| REY-018 | 1291872.3 | 2694207.45 | 9902.86 | -8 | 258 | 110 | DD-NQ2 | Reynolds Decline |
| REY-019 | 1291873.77 | 2694209.22 | 9906.3 | 22 | 264 | 97 | DD-NQ2 | Reynolds Decline |
| REY-020 | 1291874.36 | 2694212.16 | 9912.43 | 76 | 313 | 82 | DD-NQ2 | Reynolds Decline |
| REY-025 | 1291808.94 | 2694178.57 | 9888.45 | -15 | 283 | 203 | DD-NQ2 | Reynolds Decline |
| REY-027 | 1291808.35 | 2694179.16 | 9895.23 | 32 | 275 | 92 | DD-NQ2 | Reynolds Decline |
| REY-028 | 1291806.87 | 2694183.28 | 9899.65 | 77 | 254 | 103 | DD-NQ2 | Reynolds Decline |
| REY-030 | 1291806.28 | 2694177.68 | 9891.04 | 7 | 247 | 98 | DD-NQ2 | Reynolds Decline |
| REY-038 | 1291726.42 | 2694144.97 | 9876.15 | -16 | 268 | 123 | DD-NQ2 | Reynolds Decline |
| REY-039 | 1291726.42 | 2694144.68 | 9878.23 | 2 | 267 | 49 | DD-NQ2 | Reynolds Decline |
| REY-040 | 1291726.42 | 2694145.56 | 9884.7 | 45 | 287 | 57 | DD-NQ2 | Reynolds Decline |
| REY-041 | 1291726.13 | 2694147.92 | 9886.13 | 82 | 221 | 99 | DD-NQ2 | Reynolds Decline |
| REY-042 | 1291724.65 | 2694144.09 | 9876.39 | -7 | 251 | 133 | DD-NQ2 | Reynolds Decline |
| REY-043 | 1291724.65 | 2694144.09 | 9878.01 | 10 | 260 | 103 | DD-NQ2 | Reynolds Decline |
| REY-044 | 1291725.24 | 2694145.27 | 9881.19 | 39 | 263 | 74 | DD-NQ2 | Reynolds Decline |
| REY-045 | 1291725.54 | 2694147.04 | 9886.05 | 65 | 249 | 112 | DD-NQ2 | Reynolds Decline |
| REY-046 | 1291725.83 | 2694149.1 | 9887.15 | 86 | 130 | 128 | DD-NQ2 | Reynolds Decline |
| REY-047 | 1291645.67 | 2694113.15 | 9863.08 | -1 | 301 | 114 | DD-NQ2 | Reynolds Decline |
| REY-048 | 1291645.97 | 2694112.26 | 9866.68 | 17 | 305 | 109 | DD-NQ2 | Reynolds Decline |
| REY-049 | 1291645.67 | 2694113.44 | 9871.89 | 49 | 304 | 108 | DD-NQ2 | Reynolds Decline |
| REY-050 | 1291643.32 | 2694116.09 | 9872.73 | 81 | 306 | 97 | DD-NQ2 | Reynolds Decline |
| REY-051 | 1291643.32 | 2694111.97 | 9862.76 | -6 | 272 | 99 | DD-NQ2 | Reynolds Decline |
| REY-052 | 1291643.61 | 2694111.08 | 9865.25 | 17 | 280 | 99 | DD-NQ2 | Reynolds Decline |
| REY-053 | 1291643.02 | 2694112.56 | 9871.33 | 51 | 276 | 97 | DD-NQ2 | Reynolds Decline |
| REY-054 | 1291642.43 | 2694115.8 | 9872.64 | 77 | 230 | 103 | DD-NQ2 | Reynolds Decline |
| REY-056 | 1291641.84 | 2694110.49 | 9866.57 | 16 | 268 | 188 | DD-NQ2 | Reynolds Decline |
| REY-057 | 1291641.55 | 2694111.38 | 9869.27 | 62 | 253 | 91 | DD-NQ2 | Reynolds Decline |
| REY-058 | 1291641.55 | 2694114.03 | 9872.1 | 84 | 235 | 89 | DD-NQ2 | Reynolds Decline |
| REY-074 | 1291971.9 | 2694268.75 | 9910.54 | -19 | 268 | 16 | DD-NQ2 | Reynolds Decline |
| REY-075 | 1291972.49 | 2694269.93 | 9915.29 | 25 | 269 | 75 | DD-NQ2 | Reynolds Decline |
| REY-076 | 1291972.79 | 2694270.51 | 9918.24 | 46 | 264 | 70 | DD-NQ2 | Reynolds Decline |
| REY-078 | 1292009.33 | 2694302.64 | 9924.43 | 38 | 310 | 67 | DD-NQ3 | Reynolds Decline |
| REY-079 | 1292007.56 | 2694304.7 | 9927.16 | 54 | 296 | 56 | DD-NQ3 | Reynolds Decline |
ASX Release 24 March 2021
Gold Links Vein System REY Drilling Program ‐ Part B
RELEV & DEPT in feet as originally recorded
| Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
Gold Links Vein System REY Drilling Program ‐ Part B RELEV & DEPT in feet as originally recorded |
|---|---|---|---|---|---|---|---|---|
| HOLE | NORT | EAST | RELEV | INC | AZIM | DEPT | TYPE | AREA |
| L | ||||||||
| REY-080 | 1292004.61 | 2694308.53 | 9923.82 | 75 | 302 | 60 | DD-NQ3 | Reynolds Decline |
| REY-081 | 1291945.97 | 2694257.55 | 9907.08 | -18 | 285 | 91.3 | DD-NQ3 | Reynolds Decline |
| REY-082 | 1291945.97 | 2694257.55 | 9907.54 | -12 | 285 | 87.4 | DD-NQ3 | Reynolds Decline |
| REY-083 | 1291945.97 | 2694257.55 | 9907.83 | -2 | 285 | 77 | DD-NQ3 | Reynolds Decline |
| REY-084 | 1291937.42 | 2694250.48 | 9908.27 | 10 | 293 | 68 | DD-NQ3 | Reynolds Decline |
| REY-085 | 1291937.13 | 2694250.77 | 9909.85 | 23 | 291 | 60 | DD-NQ3 | Reynolds Decline |
| REY-086 | 1291936.83 | 2694251.95 | 9911.87 | 39 | 288 | 58 | DD-NQ3 | Reynolds Decline |
| REY-087 | 1291936.24 | 2694253.13 | 9914.34 | 56 | 293 | 55 | DD-NQ3 | Reynolds Decline |
| REY-088 | 1291935.66 | 2694254.31 | 9916.42 | 68 | 287 | 58.5 | DD-NQ3 | Reynolds Decline |
| REY-089 | 1291934.48 | 2694256.66 | 9916.55 | 85 | 309 | 69 | DD-NQ3 | Reynolds Decline |
| REY-090 | 1291921.51 | 2694238.1 | 9903.87 | -16 | 281 | 106.5 | DD-NQ3 | Reynolds Decline |
| REY-091 | 1291921.51 | 2694238.39 | 9904.3 | -12 | 281 | 93 | DD-NQ3 | Reynolds Decline |
| REY-092 | 1291921.22 | 2694238.98 | 9905.14 | -1 | 281 | 83 | DD-NQ3 | Reynolds Decline |
| REY-093 | 1291920.63 | 2694241.04 | 9908.23 | 35 | 284 | 83 | DD-NQ3 | Reynolds Decline |
| REY-094 | 1291920.63 | 2694241.04 | 9911.15 | 43 | 282 | 66 | DD-NQ3 | Reynolds Decline |
| REY-095 | 1291920.33 | 2694241.04 | 9913.56 | 53 | 280 | 15 | DD-NQ3 | Reynolds Decline |
| REY-096 | 1291921.51 | 2694238.1 | 9903.47 | -20 | 280 | 118 | DD-NQ3 | Reynolds Decline |
| REY-097 | 1291921.51 | 2694238.1 | 9903.22 | -24 | 282 | 58 | DD-NQ3 | Reynolds Decline |
| REY-098 | 1291992.24 | 2694282.01 | 9914.17 | -9 | 289 | 132 | DD-NQ3 | Reynolds Decline |
| REY-099 | 1291991.06 | 2694283.48 | 9914.98 | -5 | 288 | 118 | DD-NQ3 | Reynolds Decline |
| REY-100 | 1291990.76 | 2694282.89 | 9915.63 | -1 | 278 | 48 | DD-NQ3 | Reynolds Decline |
| REY-101 | 1291990.76 | 2694282.3 | 9917.1 | 4 | 275 | 88 | DD-NQ3 | Reynolds Decline |
| REY-102 | 1291990.47 | 2694285.54 | 9918.15 | 15 | 279 | 76 | DD-NQ3 | Reynolds Decline |
| REY-103 | 1291990.47 | 2694283.19 | 9918.37 | 25 | 274 | 67 | DD-NQ3 | Reynolds Decline |
| REY-104 | 1291990.17 | 2694283.78 | 9923.55 | 43 | 272 | 57.5 | DD-NQ3 | Reynolds Decline |
| REY-105 | 1291990.17 | 2694285.25 | 9923.57 | 48 | 273 | 58 | DD-NQ3 | Reynolds Decline |
| REY-106 | 1291989.88 | 2694286.43 | 9926.41 | 67 | 308 | 6 | DD-NQ3 | Reynolds Decline |
| REY-107 | 1291989.59 | 2694289.67 | 9926.71 | 74 | 264 | 62 | DD-NQ3 | Reynolds Decline |
| REY-108 | 1291864.34 | 2694204.8 | 9901.81 | -1 | 300 | 104 | DD-NQ3 | Reynolds Decline |
| REY-109 | 1291875.83 | 2694212.16 | 9903.49 | -3 | 310 | 68 | DD-NQ3 | Reynolds Decline |
| REY-110 | 1291875.54 | 2694212.16 | 9901.61 | -18 | 311 | 114 | DD-NQ3 | Reynolds Decline |
| REY-111 | 1291875.54 | 2694211.87 | 9901.91 | -13 | 311 | 107 | DD-NQ3 | Reynolds Decline |
| REY-112 | 1291875.54 | 2694211.87 | 9901.21 | -20 | 310 | 119 | DD-NQ3 | Reynolds Decline |
| REY-113 | 1291873.77 | 2694208.63 | 9901.01 | -10 | 258 | 44 | DD-NQ3 | Reynolds Decline |
| REY-114 | 1291874.06 | 2694209.22 | 9898.81 | -26 | 260 | 112 | DD-NQ3 | Reynolds Decline |
| REY-115 | 1292118.37 | 2694344.78 | 9935.01 | -20 | 297 | 68 | DD-NQ3 | Reynolds Decline |
| REY-116 | 1292118.37 | 2694344.19 | 9937.41 | -1 | 296 | 45 | DD-NQ3 | Reynolds Decline |
| REY-117 | 1292115.72 | 2694347.73 | 9945.21 | 58 | 299 | 45 | DD-NQ3 | Reynolds Decline |
| REY-118 | 1291728.19 | 2694145.56 | 9878.49 | 4 | 260 | 62 | DD-NQ3 | Reynolds Decline |
| REY-119 | 1291728.19 | 2694145.56 | 9876.91 | -18 | 268 | 59 | DD-NQ3 | Reynolds Decline |
| REY-120 | 1291759.43 | 2694175.33 | 9882.38 | -14 | 106 | 914.7 | DD-NQ3 | Reynolds Decline |
| REY-121 | 1291576.42 | 2694071.89 | 9850.09 | 0 | 264 | 109 | DD-HQ | Reynolds Decline |
| REY-122 | 1291576.42 | 2694071.59 | 9851.56 | -1 | 263 | 65.7 | DD-HQ | Reynolds Decline |
| REY-123 | 1291621.8 | 2694102.54 | 9858.15 | -14 | 260 | 28 | DD-HQ | Reynolds Decline |
| REY-124 | 1291621.21 | 2694102.54 | 9864.13 | 21 | 260 | 17 | DD-HQ | Reynolds Decline |
| REY-125 | 1291874.95 | 2694211.28 | 9901.2 | -28 | 285 | 129 | DD-HQ | Reynolds Decline |
| REY-126 | 1291874.95 | 2694210.99 | 9901.65 | -24 | 277 | 104 | DD-HQ | Reynolds Decline |
| REY-127 | 1291874.95 | 2694210.69 | 9902.22 | -9 | 283 | 99.7 | DD-HQ | Reynolds Decline |
| REY-128 | 1291875.24 | 2694210.1 | 9903.18 | -1 | 290 | 80 | DD-HQ | Reynolds Decline |
ASX Release 24 March 2021
| Gold Links Vein | Gold Links Vein | Gold Links Vein | Gold Links Vein | Gold Links Vein | |||||
|---|---|---|---|---|---|---|---|---|---|
| System REY Drilling | |||||||||
| Program ‐ Part A | |||||||||
| (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x | L in ft‐ppm) | ||||||||
| (Significant Values in Bold) | |||||||||
| HOLE | SAMP | **FROM ** | TO | LENG | GOLD | G x L | TYPE | NOTES | AREA |
| REY-001 | P359119 | 36.0 | 41.0 | 5.0 | 1.47 | 7.35 | Core | No Information | Reynolds Decline |
| REY-003 | P359131 | 110.0 | 113.0 | 3.0 | 2.81 | 8.43 | Core | FW 2150 vein | Reynolds Decline |
| REY-003 | P359132 | 113.0 | 118.5 | 5.5 | 20.20 | 111.10 | Core | 2150 vein | Reynolds Decline |
| REY-004 | P358481 | 77.0 | 79.0 | 2.0 | 34.00 | 68.00 | Core | 2150 vein | Reynolds Decline |
| REY-005 | P358492 | 48.5 | 51.0 | 2.5 | 40.50 | 101.25 | Core | 2150 vein | Reynolds Decline |
| REY-005 | P358494 | 53.0 | 55.5 | 2.5 | 1.54 | 3.85 | Core | HW 2150 vein | Reynolds Decline |
| REY-006 | P359136 | 79.2 | 81.0 | 1.8 | 86.50 | 155.70 | Core | 2150 vein | Reynolds Decline |
| REY-006 | P359141 | 89.0 | 91.0 | 2.0 | 90.60 | 181.20 | Core | 2150 vein | Reynolds Decline |
| REY-007 | P358498 | 59.0 | 61.0 | 2.0 | 27.30 | 54.60 | Core | 2150 vein | Reynolds Decline |
| REY-007 | P358499 | 61.0 | 63.0 | 2.0 | 9.60 | 19.20 | Core | 2150 vein | Reynolds Decline |
| REY-007 | P358500 | 63.0 | 66.0 | 3.0 | 12.30 | 36.90 | Core | 2150 vein | Reynolds Decline |
| REY-007 | P358401 | 66.0 | 68.0 | 2.0 | 11.10 | 22.20 | Core | 2150 vein | Reynolds Decline |
| REY-008 | P359148 | 49.0 | 51.0 | 2.0 | 3.39 | 6.78 | Core | 2150 vein | Reynolds Decline |
| REY-008 | P359149 | 51.0 | 53.0 | 2.0 | 8.84 | 17.68 | Core | 2150 vein | Reynolds Decline |
| REY-008 | P359150 | 53.0 | 55.0 | 2.0 | 2.09 | 4.18 | Core | HW 2150 vein | Reynolds Decline |
| REY-009 | P358466 | 49.0 | 52.0 | 3.0 | 4.56 | 13.68 | Core | 2150 vein | Reynolds Decline |
| REY-009 | P358467 | 52.0 | 54.0 | 2.0 | 50.90 | 101.80 | Core | 2150 vein | Reynolds Decline |
| REY-009 | P358469 | 54.0 | 56.0 | 2.0 | 8.57 | 17.14 | Core | 2150 vein | Reynolds Decline |
| REY-011 | P358457 | 57.0 | 59.2 | 2.2 | 21.20 | 46.64 | Core | 2150 vein | Reynolds Decline |
| REY-012 | P358473 | 41.0 | 45.0 | 4.0 | 2.85 | 11.40 | Core | 2150 vein | Reynolds Decline |
| REY-012 | P358476 | 49.0 | 51.0 | 2.0 | 5.49 | 10.98 | Core | 2150 vein | Reynolds Decline |
| REY-014 | P358417 | 76.6 | 78.0 | 1.4 | 116.00 | 162.40 | Core | 2150 vein | Reynolds Decline |
| REY-015 | P358410 | 30.7 | 32.7 | 2.0 | 3.05 | 6.10 | Core | Veinlets | Reynolds Decline |
| REY-018 | P358444 | 49.5 | 52.5 | 3.0 | 1.65 | 4.95 | Core | HW 2150 vein | Reynolds Decline |
| REY-038 | P358577 | 40.0 | 42.0 | 2.0 | 2.81 | 5.62 | Core | 2150 vein | Reynolds Decline |
| REY-039 | P358558 | 41.2 | 44.6 | 3.4 | 5.69 | 19.35 | Core | 2150 vein | Reynolds Decline |
| REY-075 | P358607 | 49.6 | 52.5 | 2.9 | 1.89 | 5.48 | Core | 2150 vein | Reynolds Decline |
| REY-076 | P358610 | 38.6 | 40.6 | 2.0 | 288.00 | 576.00 | Core | FW 2150 vein | Reynolds Decline |
| REY-076 | P358611 | 40.6 | 43.6 | 3.0 | 327.00 | 981.00 | Core | 2150 vein | Reynolds Decline |
| REY-076 | P358612 | 43.6 | 46.6 | 3.0 | 85.00 | 255.00 | Core | 2150 vein | Reynolds Decline |
| REY-076 | P358614 | 46.6 | 49.6 | 3.0 | 123.00 | 369.00 | Core | 2150 vein | Reynolds Decline |
| REY-076 | P358615 | 49.6 | 52.5 | 2.9 | 41.10 | 119.19 | Core | 2150 vein | Reynolds Decline |
| REY-076 | P358616 | 52.5 | 54.5 | 2.0 | 297.00 | 594.00 | Core | HW 2150 vein | Reynolds Decline |
| REY-078 | P358618 | 47.6 | 49.6 | 2.0 | 10.40 | 20.80 | Core | 2150 vein | Reynolds Decline |
| REY-079 | P358621 | 49.0 | 54.0 | 5.0 | 8.81 | 44.05 | Core | 2150 vein | Reynolds Decline |
| REY-081 | P358623 | 82.5 | 85.3 | 2.8 | 14.70 | 41.16 | Core | 2150 vein | Reynolds Decline |
| REY-081 | P358624 | 85.3 | 88.5 | 3.2 | 6.38 | 20.42 | Core | 2150 vein | Reynolds Decline |
| REY-082 | P358629 | 73.3 | 76.0 | 2.7 | 32.80 | 88.56 | Core | 2150 vein | Reynolds Decline |
| REY-083 | P358676 | 61.0 | 64.0 | 3.0 | 32.10 | 96.30 | Core | 2150 vein | Reynolds Decline |
| REY-084 | P358680 | 44.7 | 47.5 | 2.8 | 3.15 | 8.82 | Core | 2150 vein | Reynolds Decline |
| REY-084 | P358681 | 47.5 | 49.0 | 1.5 | 48.20 | 72.30 | Core | 2150 vein | Reynolds Decline |
| REY-085 | P358687 | 37.0 | 38.2 | 1.2 | 3.15 | 3.78 | Core | 2150 vein | Reynolds Decline |
| REY-085 | P358689 | 40.0 | 42.0 | 2.0 | 1.78 | 3.56 | Core | 2150 vein | Reynolds Decline |
| REY-085 | P358690 | 42.0 | 46.5 | 4.5 | 3.94 | 17.73 | Core | 2150 vein | Reynolds Decline |
| REY-086 | P358703 | 39.0 | 43.5 | 4.5 | 20.00 | 90.00 | Core | 2150 vein | Reynolds Decline |
| REY-087 | P358723 | 39.0 | 41.0 | 2.0 | 2.64 | 5.28 | Core | HW 2150 vein | Reynolds Decline |
| REY-087 | P358724 | 41.0 | 43.5 | 2.5 | 10.90 | 27.25 | Core | HW 2150 vein | Reynolds Decline |
| REY-087 | P358725 | 43.5 | 45.5 | 2.0 | 3.09 | 6.18 | Core | HW 2150 vein | Reynolds Decline |
| REY-088 | P358712 | 29.0 | 32.5 | 3.5 | 2.57 | 9.00 | Core | FW 2150 vein | Reynolds Decline |
ASX Release 24 March 2021
Appendix 2. Drill Hole Significant Intersections
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold)
| Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
Gold Links Vein System REY Drilling Program ‐ Part A (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x L in ft‐ppm) (Significant Values in Bold) |
|---|---|---|---|---|---|---|---|---|---|
| HOLE | SAMP | **FROM ** | TO | LENG | GOLD | G x L | TYPE | NOTES | AREA |
| REY-088 | P358716 | 43.0 | 48.4 | 5.4 | 5.52 | 29.81 | Core | 2150 vein | Reynolds Decline |
| REY-088 | P358717 | 48.4 | 49.3 | 0.9 | 9.08 | 8.17 | Core | 2150 vein | Reynolds Decline |
| REY-089 | P358706 | 39.5 | 44.5 | 5.0 | 30.10 | 150.50 | Core | 2150 vein | Reynolds Decline |
| REY-089 | P358708 | 44.5 | 49.0 | 4.5 | 2.19 | 9.86 | Core | 2150 vein | Reynolds Decline |
| REY-089 | P358711 | 64.5 | 67.0 | 2.5 | 25.80 | 64.50 | Core | Vein | Reynolds Decline |
| REY-090 | P358634 | 78.0 | 83.0 | 5.0 | 3.84 | 19.20 | Core | 2150 vein | Reynolds Decline |
| REY-090 | P358636 | 83.0 | 85.8 | 2.8 | 35.50 | 99.40 | Core | 2150 vein | Reynolds Decline |
| REY-091 | P358645 | 67.7 | 70.6 | 2.9 | 3.29 | 9.54 | Core | Gouge | Reynolds Decline |
| REY-091 | P358646 | 70.6 | 72.0 | 1.4 | 7.10 | 9.94 | Core | 2150 vein | Reynolds Decline |
| REY-091 | P358647 | 72.0 | 75.0 | 3.0 | 2.81 | 8.43 | Core | 2150 vein | Reynolds Decline |
| REY-091 | P358649 | 75.0 | 76.7 | 1.7 | 62.90 | 106.93 | Core | 2150 vein | Reynolds Decline |
| REY-092 | P358655 | 50.3 | 53.2 | 2.9 | 13.70 | 39.73 | Core | 2150 vein | Reynolds Decline |
| REY-092 | P358656 | 53.2 | 58.0 | 4.8 | 2.88 | 13.82 | Core | 2150 vein | Reynolds Decline |
| REY-092 | P358658 | 58.0 | 62.0 | 4.0 | 9.50 | 38.00 | Core | 2150 vein | Reynolds Decline |
| REY-093 | P358660 | 31.0 | 33.0 | 2.0 | 1.92 | 3.84 | Core | 2150 vein | Reynolds Decline |
| REY-093 | P358662 | 35.0 | 37.0 | 2.0 | 1.06 | 2.12 | Core | Clay | Reynolds Decline |
| REY-093 | P358663 | 37.0 | 39.8 | 2.8 | 2.33 | 6.52 | Core | 2150 vein | Reynolds Decline |
| REY-093 | P358666 | 47.2 | 48.2 | 1.0 | 205.00 | 205.00 | Core | LimoniteQtz | Reynolds Decline |
| REY-094 | P358672 | 32.4 | 34.2 | 1.8 | 52.00 | 93.60 | Core | 2150 vein | Reynolds Decline |
| REY-094 | P358673 | 34.2 | 37.7 | 3.5 | 20.90 | 73.15 | Core | 2150 vein | Reynolds Decline |
| REY-096 | P358693 | 102.0 | 105.0 | 3.0 | 4.24 | 12.72 | Core | 2150 vein | Reynolds Decline |
| REY-099 | P358731 | 95.0 | 97.0 | 2.0 | 36.00 | 72.00 | Core | 2150 vein | Reynolds Decline |
| REY-101 | P358736 | 61.8 | 64.6 | 2.8 | 2.63 | 7.36 | Core | 2150 vein | Reynolds Decline |
| REY-102 | P358741 | 58.7 | 61.3 | 2.6 | 2.19 | 5.69 | Core | 2150 vein | Reynolds Decline |
| REY-103 | P358748 | 53.0 | 54.0 | 1.0 | 2.02 | 2.02 | Core | 2150 vein | Reynolds Decline |
| REY-104 | P358751 | 43.6 | 46.8 | 3.2 | 8.60 | 27.52 | Core | 2150 vein | Reynolds Decline |
| REY-107 | P358756 | 45.7 | 48.0 | 2.3 | 24.30 | 55.89 | Core | 2150 vein | Reynolds Decline |
| REY-107 | P358758 | 50.0 | 53.0 | 3.0 | 2.43 | 7.29 | Core | 2150 vein | Reynolds Decline |
| REY-109 | P358762 | 46.1 | 48.0 | 1.9 | 6.41 | 12.18 | Core | 2150 vein | Reynolds Decline |
| REY-109 | P358763 | 48.0 | 50.0 | 2.0 | 3.70 | 7.40 | Core | 2150 vein | Reynolds Decline |
| REY-109 | P358764 | 50.0 | 52.4 | 2.4 | 7.61 | 18.26 | Core | 2150 vein | Reynolds Decline |
| REY-109 | P358765 | 52.4 | 54.4 | 2.0 | 24.30 | 48.60 | Core | 2150 vein | Reynolds Decline |
| REY-110 | P358768 | 96.8 | 99.0 | 2.2 | 95.70 | 210.54 | Core | 2150 vein | Reynolds Decline |
| REY-110 | P358770 | 99.0 | 102.4 | 3.4 | 1.10 | 3.74 | Core | 2150 vein | Reynolds Decline |
| REY-111 | P358775 | 81.0 | 83.0 | 2.0 | 1.92 | 3.84 | Core | FW 2150 | Reynolds Decline |
| vein | |||||||||
| REY-111 | P358776 | 83.0 | 85.0 | 2.0 | 62.10 | 124.20 | Core | 2150 vein | Reynolds Decline |
| REY-111 | P358778 | 85.0 | 87.0 | 2.0 | 73.50 | 147.00 | Core | 2150 vein | Reynolds Decline |
| REY-111 | P358779 | 87.0 | 89.5 | 2.5 | 82.80 | 207.00 | Core | 2150 vein | Reynolds Decline |
| REY-111 | P358781 | 89.5 | 92.5 | 3.0 | 1.85 | 5.55 | Core | HW 2150 | Reynolds Decline |
| vein | |||||||||
| REY-116 | P358800 | 3.0 | 4.0 | 1.0 | 13.30 | 13.30 | Core | LimoniteQtz | Reynolds Decline |
| REY-116 | P358802 | 19.6 | 22.0 | 2.4 | 1.13 | 2.71 | Core | 2150 vein | Reynolds Decline |
| REY-117 | P358811 | 14.8 | 16.8 | 2.0 | 5.73 | 11.46 | Core | LimoniteQtz | Reynolds Decline |
| REY-118 | P358813 | 39.0 | 41.2 | 2.2 | 3.70 | 8.14 | Core | Sulphide Qtz | Reynolds Decline |
| Vein | |||||||||
| REY-118 | P358817 | 54.0 | 56.0 | 2.0 | 1.54 | 3.08 | Core | 2150 vein | Reynolds Decline |
| REY-118 | P358818 | 56.0 | 58.0 | 2.0 | 23.00 | 46.00 | Core | 2150 vein | Reynolds Decline |
| REY-118 | P358819 | 58.0 | 60.0 | 2.0 | 5.66 | 11.32 | Core | 2150 vein | Reynolds Decline |
| REY-119 | P358822 | 39.0 | 41.5 | 2.5 | 1.30 | 3.25 | Core | Sulphide Qtz | Reynolds Decline |
| Vein | |||||||||
| REY-125 | P358827 | 116.6 | 119.0 | 2.4 | 20.40 | 48.96 | Core | 2150 vein | Reynolds Decline |
| REY-126 | P358830 | 93.0 | 96.8 | 3.8 | 18.40 | 69.92 | Core | 2150 vein | Reynolds Decline |
ASX Release 24 March 2021
| Gold Links Vein | Gold Links Vein | Gold Links Vein | Gold Links Vein | Gold Links Vein | |||||
|---|---|---|---|---|---|---|---|---|---|
| System C‐CRG‐GL‐ | |||||||||
| SAC Drilling | |||||||||
| Programs | |||||||||
| (FROM‐TO‐LENGTH in feet; GOLD>1 ppm; G x | L | ||||||||
| in ft‐ppm) (Significant Values in Bold) | |||||||||
| HOLE | SAMP | FROM | TO | LENG | GOLD | G x L | TYPE | NOTES | AREA |
| C-08-2018 | P358851 | 445.0 | 449.0 | 4.0 | 38.40 | 153.60 | Core | 2150 vein | Reynolds SF |
| C-08-2018 | P358852 | 449.0 | 451.0 | 2.0 | 198.00 | 396.00 | Core | 2150 vein | Reynolds SF |
| C8-16-1 | P358155 | 512.0 | 514.0 | 2.0 | 3.37 | 6.74 | Core | Vein | Reynolds SF |
| CRG-17-1 | P358184 | 206.0 | 208.0 | 2.0 | 2.30 | 4.60 | Core | No Information | Reynolds Main UG |
| CRG-17-1 | P358187 | 254.8 | 255.8 | 1.0 | 1.37 | 1.37 | Core | No Information | Reynolds Main UG |
| CRG-17-1 | P358188 | 267.4 | 269.0 | 1.6 | 7.61 | 12.18 | Core | No Information | Reynolds Main UG |
| CRG-17-3 | P358252 | 116.5 | 119.0 | 2.5 | 3.81 | 9.53 | Core | No Information | Reynolds Main UG |
| CRG-17-3 | P358254 | 122.0 | 124.4 | 2.4 | 1.03 | 2.47 | Core | No Information | Reynolds Main UG |
| CRG-17-3 | P358257 | 161.6 | 164.4 | 2.8 | 1.41 | 3.95 | Core | No Information | Reynolds Main UG |
| CRG-17-3 | P358266 | 202.7 | 203.7 | 1.0 | 7.77 | 7.77 | Core | Vein | Reynolds Main UG |
| GL01 | P359238 | 170.5 | 171.8 | 1.3 | 2.02 | 2.63 | Core | No Information | Reynolds SF |
| GL02 | P359525 | 210.0 | 215.0 | 5.0 | 1.20 | 6.00 | Chips | No Information | Reynolds SF |
| GL03 | P359444 | 574.1 | 575.0 | 0.9 | 151.00 | 135.90 | Core | Sulphide | Reynolds SF |
| Alteration | |||||||||
| GL03 | P359445 | 575.0 | 575.8 | 0.8 | 1.71 | 1.37 | Core | Gouge | Reynolds SF |
| GL03 | P359446 | 575.8 | 577.2 | 1.4 | 1.47 | 2.06 | Core | Sulphide Gouge | Reynolds SF |
| GL03 | P359447 | 577.2 | 578.9 | 1.7 | 3.87 | 6.58 | Core | Sulphide Vein | Reynolds SF |
| GL03 | P359803 | 636.4 | 637.3 | 0.9 | 1.61 | 1.45 | Core | No Information | Reynolds SF |
| GL04 | P359462 | 664.0 | 665.0 | 1.0 | 6.96 | 6.96 | Core | Sulphide Vein | Reynolds SF |
| GL04 | P359464 | 666.5 | 667.8 | 1.3 | 4.83 | 6.28 | Core | Sulphide Vein | Reynolds SF |
| GL04 | P359468 | 670.4 | 671.6 | 1.2 | 3.70 | 4.44 | Core | Sulphide Fault | Reynolds SF |
| GL05 | P359476 | 637.5 | 638.5 | 1.0 | 7.82 | 7.82 | No Info | No Information | Reynolds SF |
| GL05 | P359480 | 641.8 | 643.5 | 1.7 | 7.20 | 12.24 | No Info | Vein | Reynolds SF |
| GL05 | P359481 | 643.5 | 645.0 | 1.5 | 1.27 | 1.91 | No Info | No Information | Reynolds SF |
| GL05 | P359483 | 646.6 | 648.4 | 1.8 | 6.52 | 11.74 | No Info | No Information | Reynolds SF |
| GL06 | P359491 | 702.2 | 703.9 | 1.7 | 3.05 | 5.19 | Core | No Information | Reynolds SF |
| GL06 | P359496 | 718.0 | 718.9 | 0.9 | 6.92 | 6.23 | Core | No Information | Reynolds SF |
| GL08 | P359664 | 216.3 | 217.7 | 1.4 | 71.90 | 100.66 | Core | No Information | Reynolds SF |
| GL08 | P359753 | 540.9 | 542.2 | 1.3 | 1.13 | 1.47 | Core | Gouge | Reynolds SF |
| GL09 | P359820 | 672.1 | 672.4 | 0.3 | 1.13 | 0.34 | Core | No Information | Reynolds SF |
| GL09 | P359825 | 690.4 | 692.0 | 1.6 | 7.34 | 11.74 | Core | No Information | Reynolds SF |
| GL09 | P359852 | 699.7 | 700.8 | 1.1 | 1.20 | 1.32 | Core | No Information | Reynolds SF |
| GL11 | P359550 | 360.0 | 365.0 | 5.0 | 4.56 | 22.80 | Chips | No Information | Reynolds SF |
| GL11 | P359586 | 365.0 | 370.0 | 5.0 | 1.06 | 5.30 | Chips | No Information | Reynolds SF |
| GL17 | P359939 | 250.0 | 255.0 | 5.0 | 1.89 | 9.45 | Chips | No Information | Reynolds SF |
| SAC06 | P359317 | 275.5 | 277.0 | 1.5 | 14.00 | 21.00 | Core | No Information | Sacramento SF |
| SAC06 | P359319 | 278.5 | 280.0 | 1.5 | 1.71 | 2.57 | Core | No Information | Sacramento SF |
| SAC07 | P359342 | 275.0 | 280.0 | 5.0 | 4.08 | 20.40 | Chips | No Information | Sacramento SF |
| SAC09 | P359436 | 360.3 | 361.2 | 0.9 | 6.00 | 5.40 | Core | Gouge | Sacramento SF |
| SAC12 | P359425 | 307.9 | 309.8 | 1.9 | 2.16 | 4.10 | Core | Gouge | Sacramento SF |
| SAC12 | P359426 | 309.8 | 310.6 | 0.8 | 8.12 | 6.50 | Core | Sulphide Vein | Sacramento SF |
| SAC13 | P359414 | 294.7 | 296.1 | 1.4 | 80.10 | 112.14 | Core | Limonite Breccia | Sacramento SF |
| SAC13 | P359415 | 296.1 | 297.6 | 1.5 | 9.80 | 14.70 | Core | Limonite Breccia | Sacramento SF |
| SAC13 | P359416 | 297.6 | 300.0 | 2.4 | 2.06 | 4.94 | Core | Lim Breccia | Sacramento SF |
| SAC15 | p359518 | 295.0 | 300.0 | 5.0 | 2.91 | 14.55 | Chips | No Information | Sacramento SF |
| SAC16 | P359430 | 95.9 | 98.0 | 2.1 | 18.10 | 38.01 | Core | No Information | Sacramento SF |
| SAC17 | P359736 | 290.0 | 295.0 | 5.0 | 5.45 | 27.25 | Chips | No Information | Sacramento SF |
| SAC17 | P359737 | 295.0 | 300.0 | 5.0 | 1.27 | 6.35 | Chips | No Information | Sacramento SF |
| SAC18 | P359743 | 380.0 | 385.0 | 5.0 | 4.42 | 22.10 | Chips | No Information | Sacramento SF |
| SAC18 | P359744 | 385.0 | 390.0 | 5.0 | 7.75 | 38.75 | Chips | No Information | Sacramento SF |
| SAC22 | P359979 | 280.0 | 285.0 | 5.0 | 4.59 | 22.95 | Chips | No Information | Sacramento SF |
ASX Release 24 March 2021
JORC Code, 2012 Edition – Table 1 report 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 | • A total of 7,390.5 m of drilling in 147 holes |
| techniques | channels, random chips, or specific | comprising 1,229.9 m of core and 4,625.6 m |
| specialised industry standard measurement | of reverse circulation (RC) chips. | |
| tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as |
• Whole NQ core samples were collected for the REY program and half HQ core samples for the C8-16, CRG, SAC, and GL programs. |
|
| limiting the broad meaning of sampling. | • Quarter and half NQ core samples were | |
| • Include reference to measures taken to | collected for the C-08-2018 historic hole. | |
| ensure sample representivity and the | • Core sample boundaries were defined by | |
| appropriate calibration of any measurement | changes in lithology, alteration, and | |
| tools or systems used. | mineralization noted in logging. | |
| • Aspects of the determination of | • Core samples varied from 0.09 m to 2.44 m | |
| mineralisation that are Material to the | and averaged 0.64 m with a median length | |
| Public Report. | of 0.61 m. | |
| • 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. |
• Core remaining after sampling was stored in wax coated cardboard core trays. • RC chips were obtained from a 10 cm diameter drilling rod, collected in a cyclone for each 1.5 m interval, passed through a splitter to reduce the sample size to about 6 kg, and then bagged for assaying. |
|
| Unusual commodities or mineralisation | • A small amount of RC chips were collected | |
| types (eg submarine nodules) may warrant | separately in chip trays for logging. | |
| disclosure of detailed information. | • RC reject samples remaining after sampling | |
| were stored for reference. | ||
| Drilling | • Drill type (eg core, reverse circulation, open- | • Drilling comprised diamond coring and |
| techniques | hole hammer, rotary air blast, auger, | reverse circulation (RC) methods. |
| Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). |
• Surface diamond drilling used a Longyear LF90 rig with wireline core barrels, bottom discharge bits, split inner tubes, and HQ or NQ core sizes. |
|
| • Underground diamond drilling used Atlas | ||
| Copco Diamec U6 and First Drilling UMC02 | ||
| rigs with wireline core barrels, bottom | ||
| discharge bits, split inner tubes for the U6 | ||
| rig, and NQ or HQ core sizes. | ||
| • Surface RC drilling used Multi-Power | ||
| Products Scout and Discovery II rigs with 10 | ||
| cm diameter face sampling percussion | ||
| hammers. | ||
| Drill sample | • Method of recording and assessing core and | • Core was recovered using split inner tubes |
| recovery | chip sample recoveries and results assessed. | for all surface holes and about half of the |
| • Measures taken to maximise | underground holes; each drilled core run | |
| sample recovery and ensure | was measured for recovered length | |
| representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to |
• Core recovery was calculated as a percentage for each drilled interval. Most core was competent with recoveries at or close to 100 % in fresh rock and generally |
ASX Release 24 March 2021
| Criteria | JORC Code explanation | Commentary |
| preferential loss/gain of fine/coarse | 95 to 100 % in mineralized zones, but could | |
| material. | be lower within fault or gouge zones due to | |
| the crumbly nature of the rock. | ||
| • Bottom discharge bits allow the water to | ||
| bypass the core and minimize erosion of | ||
| soft materials. Split inner tubes provide | ||
| better core recovery in soft and/or highly | ||
| fractured rock, and core is able to be | ||
| examined with minimal disturbance before | ||
| placing in trays for permanent storage. | ||
| • No quantitative analysis of sample weights, | ||
| sample condition, recovery, or repeatability | ||
| was done. | ||
| • No assessment of sample recovery and | ||
| grade was done. | ||
| Logging | • Whether core and chip samples have | • Core and RC samples were geologically |
| been geologically and geotechnically | logged. | |
| logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. |
• Lithology, veining, alteration, mineralization, and weathering were recorded in database tables. |
|
| • Whether logging is qualitative or | • Core trays were photographed dry and wet. | |
| quantitative in nature. Core (or costean, | • Geotechnical logging was done for rock | |
| channel, etc) photography. | quality. | |
| • The total length and percentage of the relevant | • Geological logging of core / RC chips is | |
| intersections logged. | qualitative. | |
| • Geotechnical logging of core is quantitative | ||
| and includes measuring RQD and planar | ||
| features. | ||
| Sub-sampling | • If core, whether cut or sawn and whether | • Core was cut along the long axis using a |
| techniques and | quarter, half or all core taken. | diamond saw, half-core was sampled, and |
| sample | • If non-core, whether riffled, tube | half stored for reference. |
| preparation | sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the |
• Sample intervals were marked with a permanent marker in the core trays and sample number tags were attached to each interval. |
| sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field |
• Samples were placed in sample bags that were labeled with sample numbers using a permanent marker, sample number tags were stapled to bags and/or sample tags were placed inside bags, and sample bags sealed with zip ties. |
|
| duplicate/second-half sampling. | • RC chips were split using a rig-mounted | |
| • Whether sample sizes are appropriate to the | rotary splitter to produce a sample of | |
| grain size of the material being sampled. | approximately 6 kg in weight. | |
| • The splitter was cleaned at the end of each | ||
| 1.5 m drill rod to minimize contamination, | ||
| or as needed. | ||
| Quality of | • The nature, quality and appropriateness of | • New drilling samples were sent to Hazen |
| assay data | the assaying and laboratory procedures used | Research, Golden, Colorado, for sample |
| and | and whether the technique is considered | preparation and assaying. |
| laboratory tests |
partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in |
• Historical core samples were sent to ALS Geochemistry, Reno, Nevada. • Samples were dried, weighed, crushed and |
ASX Release 24 March 2021
| Criteria | JORC Code explanation | Commentary | |
| determining the analysis including instrument | split to obtain 100 to 150 g, pulverized to | ||
| make and model, reading times, calibrations | 90% minus 75 microns, blended on brown | ||
| factors applied and their derivation, etc. | Kraft paper, packaged in Kraft bags, | ||
| • Nature of quality control procedures adopted | • 29.17 g subsamples were weighed, and | ||
| (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable |
analyzed using a standard fire assay for gold and silver. |
||
| levels of accuracy (ie lack of bias) and precision have been established. |
• Routine QAQC samples were inserted in the sample batches at a rate of 6 % for |
||
| commercial CRMs and 6 % for BLKs | |||
| comprising barren granodiorite. | |||
| • Based on the author’s observations and | |||
| data provided, the author is of the opinion | |||
| that the sample preparing and gold assaying | |||
| have been conducted in an appropriate | |||
| manner, which ensures the final data are | |||
| representative of the original material | |||
| sampled in the field. | |||
| Verification | of | • The verification of significant intersections | • Verification work was conducted by Mr. |
| sampling | and | by either independent or alternative | Dale A. Sketchley, who is independent of |
| assaying | company personnel. | the Company. | |
| • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. |
• Crushed and pulverized reject samples were submitted to ALS Reno for gold check assays to compare to the original gold assays from Hazen Research. |
||
| • Discuss any adjustment to assay data. | • Screen metallics and gold particle size distribution assays were compared to the |
||
| original gold assays to check on variability | |||
| of results. | |||
| • Assays were manually compiled and | |||
| checked against the original laboratory | |||
| certificates. | |||
| Location of | • Accuracy and quality of surveys used to locate | • Drill hole collars were surveyed by a | |
| data points | drill holes (collar and down-hole surveys), | Colorado Licensed Professional Surveyor | |
| trenches, mine workings and other locations | using differential GPS survey equipment. | ||
| used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. |
• The positions are accurate to within 10 cm x-y and height (z) to +/- 20 cm. • The holes are surveyed in the Colorado |
||
| State Plane, UTM zone 12, NAD 1983 | |||
| coordinate system. | |||
| • Down hole surveys using a Reflex EZ_TRAC | |||
| were done on all diamond drill holes. | |||
| Data spacing and distribution |
• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological |
• Drill hole spacing for the REY program is appropriate for inferred resources, and in some locations where holes are closer |
|
| and grade continuity appropriate for the | spaced, for indicated resources. | ||
| Mineral Resource and Ore Reserve estimation | • Drill hole spacing for the SAC, GL, CRG, and | ||
| procedure(s) and classifications applied. | C programs is appropriate only for inferred | ||
| Whether sample compositing has been | resources. | ||
| applied. |
ASX Release 24 March 2021
| Criteria | JORC Code explanation | Commentary |
| Orientation of | • Whether the orientation of sampling achieves | • Mineralized structures and veins trend |
| data in relation | unbiased sampling of possible structures and | north-northeast at about 30 degrees and |
| to geological | the extent to which this is known, considering | dip to the west-northwest at about 60 |
| structure | the deposit type. | degrees. |
| • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be |
• Drill holes typically intersected the veins at 40 to 90 degrees, which is roughly equivalent to 65 % to 100 % of the true thicknesses of the veins. |
|
| assessed and reported if material. | ||
| Sample | • The measures taken to ensure sample security. | • Samples were taken by Company personnel |
| security | who maintained custody until shipping. | |
| • Samples were sent by courier or delivered | ||
| by Company personnel to labs. | ||
| • All samples followed a strict Chain of | ||
| Custody. | ||
| Audits or | • The results of any audits or reviews of sampling | • QAQC procedures, including sampling |
| reviews | techniques and data. | techniques, were developed by Dale A. |
| Sketchley, M.Sc., P.Geo. of Acuity | ||
| Geoscience Ltd. | ||
| • Mr. Sketchley visited the project site in late | ||
| 2016 for 7 days, in late 2017 for 8 days, and | ||
| in early 2018 for 25 days. | ||
| • Mr. Sketchley has inspected ALS | ||
| Geochemistry laboratory in Reno, Nevada. | ||
| • Mr. Hollenbeck visited the project site in | ||
| August 2020 for four days. |
SECTION 2 REPORTING OF EXPLORATION RESULTS
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary |
| Mineral | • Type, reference name/number, location and | • All claims are 100% owned by Dateline |
| tenement and | ownership including agreements or material | Resources Limited, or a wholly owned |
| land tenure | issues with third parties such as joint | subsidiary, and there exists production- |
| status | ventures, partnerships, overriding royalties, | based royalties as previously disclosed to |
| native title interests, historical sites, | ASX. | |
| 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 by | • All previous work undertaken by other |
| done by other | other parties. | parties is non-JORC compliant. |
| parties | ||
| Geology | • Deposit type, geological setting and style of | • Gold Links Property is underlain by granitic |
| mineralisation. | and metamorphic rocks of the Early to | |
| Middle Proterozoic age, which are partly | ||
| overlain by a thin cover of Paleozoic strata. | ||
| Both the Proterozoic and Paleozoic rocks | ||
| are intruded by Tertiary rhyolite porphyry |
ASX Release 24 March 2021
| Criteria | JORC Code explanation | Commentary |
| dykes and plutons. | ||
| • The property is characterized by multiple, | ||
| semi-parallel, polymetallic mineralized | ||
| structures occurring over an area of | ||
| approximately 4 km by 2 km on the east | ||
| side of Gold Creek. Individual mineralized | ||
| structures are characterized by masses of | ||
| quartz varying from fine to coarse-grained, | ||
| which pinch and swell along shears resulting | ||
| in a distinct segmented geometry. Ore | ||
| shoots are typically 30 to 150 m long with | ||
| vertical extents of over 100 m, which are | ||
| more common in areas of structural | ||
| complexity, splitting, and larger flexures | ||
| along structures. | ||
| Drill hole | • A summary of all information material to the | |
| Information | understanding of the exploration results including a tabulation of the following |
• See Appendix 1 within this report for drill hole configuration information. |
| 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 | • See Appendix 2 within this report for drill |
| aggregation | averaging techniques, maximum and/or | hole significant intersections. |
| methods | minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. |
• Drill hole significant intersections are presented as received from the assaying laboratories. |
| • 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 | • Mineralized structures and veins trend |
| between | important in the reporting of Exploration | north-northeast at about 30 degrees and |
| mineralisation | Results. | dip to the west-northwest at about 60 |
| widths and | • If the geometry of the mineralisation with | degrees. |
| intercept lengths |
respect to the 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, |
• Drill holes typically intersected the veins at 40 to 90 degrees, which is roughly equivalent to 65 % to 100 % of the true thicknesses of the veins. |
| true width not known’). | • Assays are presented as down hole lengths. |
ASX Release 24 March 2021
| Criteria | JORC Code explanation | Commentary |
| Diagrams | • Appropriate maps and sections (with scales) | |
| and tabulations of 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 | |
| reporting | 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 and | |
| substantive | material, should be reported including (but not | |
| exploration | limited to): geological observations; geophysical | |
| data | 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 | |
| work (eg tests for lateral extensions or | ||
| depth extensions or large-scale step-out | ||
| drilling). | ||
| • Diagrams clearly highlighting the areas of | ||
| possible extensions, including the main | ||
| geological interpretations and future drilling | ||
| areas, provided this information is not | ||
| commercially sensitive. |
ASX Release 24 March 2021
SECTION 3 ESTIMATION AND REPORTING OF MINERAL RESOURCES
(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)
| Criteria | JORC Code explanation | Commentary |
| Database | • Measures taken to ensure that data has | • Data from core logging up to early 2019 |
| Integrity | not been corrupted by, for example, | were entered directly into a spreadsheet |
| transcription or keying errors, between its | template with individual tabs for various | |
| initial collection and its use for Mineral | types of geological data. Manual | |
| Resource estimation purposes. | verification methods were used for data | |
| • Data validation procedures used. | entry. | |
| • In mid-2019, data was entered directly | ||
| onsite into dedicated logging software and | ||
| then transferred to an offsite database. | ||
| Historical drill hole data were transferred | ||
| to the offsite database and automated | ||
| verification methods used. | ||
| • The offsite database was queried to derive | ||
| data for exporting into required formats | ||
| for importing into software for checking | ||
| assay QC, geological modelling, geological | ||
| interpretation, and resource estimation. | ||
| • Assays were manually compiled and | ||
| checked against | ||
| • the original laboratory certificates for | ||
| resource estimation work. | ||
| Site Visits | • Comment on any site visits undertaken by | • Mr. Sketchley visited the project site in |
| the Competent Person and the outcome of | late 2016 for 7 days, in late 2017 for 8 | |
| those visits. | days, and in early 2018 for 25 days. QAQC | |
| • If no site visits have been undertaken | procedures previously initiated were | |
| indicate why this is the case. | confirmed and re-emphasized. | |
| • Mr. Hollenbeck visited the project site in | ||
| August 2020 for four days. | ||
| Geological | • Confidence in (or conversely, the | • The geological model was made using all |
| interpretation | uncertainty of) the geological | recent data available, as well as a mixture |
| interpretation of the mineral deposit. | of historic data types of varying detail and | |
| • Nature of the data used and any | completeness. | |
| assumptions made. • The effect, if any, of alternative interpretations on Mineral Resource estimation. |
• No alternative geological interpretations were done at this time; refinements to the vein model are planned for future work to enhance detail of vein complexities. |
|
| • The use of geology in guiding and controlling Mineral Resource estimation. • The factors affecting continuity both of grade and geology. |
• The vein shapes crated for the geologic model were the primary constraining volumes for the resource estimations. |
|
| Dimensions | • The extent and variability of the Mineral | • 9900 Reynolds Decline Zone = 380 x165 x |
| Resource expressed as length (along strike | 4 ft | |
| or otherwise), plan width, and depth below surface to the upper and lower limits of the |
• Sub-9600 Zone = 450 x 245 x 3 ft | |
| Mineral resource | • Sacramento Zone = 975 x 550 x 5 ft |
ASX Release 24 March 2021
| Criteria | JORC Code explanation | Commentary |
| Estimation and | • The nature and appropriateness of the | • The use of the Radial Basis Function (RBF) |
| modelling | estimation technique(s) applied and key | estimator for all mineralized areas was |
| techniques | assumptions, including treatment of | selected due to its flexibility for the |
| extreme grade values, domaining, | varying number of available samples. | |
| interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used. • The availability of check estimates, |
• Where a larger pool of samples was available in the 9900 area, Ordinary Krige, Inverse Distance, and Nearest Neighbor estimations were done in addition to the RBF estimation for comparative purposes. |
|
| previous estimates and/or mine production records and whether the Mineral Resource |
• Previous estimates or mine production records were not taken into account at |
|
| estimate takes appropriate account of | this time. | |
| such data. | • No assumptions were made regarding the | |
| • The assumptions made regarding recovery | recovery of by-products; only gold was | |
| of by- products. | estimated at this time. | |
| • Estimation of deleterious elements or | • Deleterious elements were not estimated | |
| other non-grade variables of economic | at this time, pending a more thorough | |
| significance (eg sulphur for acid mine | metallurgical study. | |
| drainage characterisation). | • The sub-block size of 2x2x2ft was selected | |
| • In the case of block model interpolation, the block size in relation to the average sample spacing and the search employed. |
to capture as much detail within the veins as possible while keeping the block model a reasonable file size. SMUs were not |
|
| • Any assumptions behind modelling of | considered for the block size as it was not | |
| selective mining units. • Any assumptions about correlation between variables. |
intended to be an engineering model. • In addition to using the vein boundaries as |
|
| • Description of how the geological interpretation was used to control the resource estimates. • Discussion of basis for using or not using grade cutting or capping. • The process of validation, the checking |
mineralization domains, indicator shells were created in Leapfrog Geo software as additional lateral constraints within the vein domains. This was to prevent grade “blow-outs” into areas of minimal drilling data. |
|
| process used, the comparison of model | • Grades were not capped due to the | |
| data to drill hole data, and use of | general erratic nature of the veins, and a | |
| reconciliation data if available. | general cap was deleterious to those areas | |
| of expected high-grade. Spatial limitations | ||
| were set on high-grade samples to limit | ||
| their influence to a short range adjacent to | ||
| the sample in question, thereby reducing | ||
| the overall influence of the high-grade | ||
| samples while still maintaining some | ||
| representation of their existence | ||
| • Block model validation was done visually, | ||
| as well as through the use of general | ||
| statistics and histograms for data | ||
| distribution, along with swath plots in the | ||
| X, Y, and Z directions comparing | ||
| composites against block grades. | ||
| Moisture | • Whether the tonnages are estimated on a | • The tonnages are estimated based on an |
| dry basis or with natural moisture, and the | assumed dry material weight. | |
| method of | ||
| • determination of the moisture content. |
ASX Release 24 March 2021
| Criteria | JORC Code explanation | Commentary |
| Cut-off | • The basis of the adopted cut-off grade(s) | • No cut-off grades were used for reporting |
| parameters | or quality parameters applied. | at this time |
| Mining factors or | • Assumptions made regarding possible | • The material is assumed to be an |
| assumptions | mining methods, minimum mining | underground mining target. Waste and |
| dimensions and internal (or, if applicable, | diluting material has not been quantified | |
| external) mining dilution. It is always | or factored into the model for the | |
| necessary as part of the process of | purposes of this report. | |
| determining reasonable prospects for | ||
| eventual economic extraction to consider | ||
| potential mining methods, but the | ||
| assumptions made regarding mining | ||
| methods and parameters when estimating | ||
| Mineral Resources may not always be | ||
| rigorous. Where this is the case, this | ||
| should be reported with an explanation of | ||
| the basis of the mining assumptions made. | ||
| Metallurgical | • The basis for assumptions or predictions | • It was assumed that recoveries will meet |
| factors or | regarding metallurgical amenability. It is | 100% of the assayed value. No other |
| assumptions | always necessary as part of the process of | metallurgical assumptions were made |
| determining reasonable prospects for | during the estimation process. | |
| eventual economic extraction to consider | ||
| potential metallurgical methods, but the | ||
| assumptions regarding metallurgical | ||
| treatment processes and parameters made | ||
| when reporting Mineral Resources may not | ||
| always be rigorous. Where this is the case, | ||
| this should be reported with an | ||
| explanation of the basis of the | ||
| metallurgical assumptions made. | ||
| Environmental | • Assumptions made regarding possible | • No assumptions were made regarding |
| factors | waste and process residue disposal | waste and process residue disposal, as |
| or assumptions | options. It is always necessary as part of | waste and residual material was not |
| the process of determining reasonable | factored into the model at this time. | |
| prospects for eventual economic extraction | ||
| to consider the potential environmental | ||
| impacts of the mining and processing | ||
| operation. While at this stage the | ||
| determination of potential environmental | ||
| impacts, particularly for a greenfields | ||
| project, may not always be well advanced, | ||
| the status of early consideration of these | ||
| potential environmental impacts should be | ||
| reported. Where these aspects have not | ||
| been considered this should be reported | ||
| with an explanation of the environmental | ||
| assumptions made. | ||
| Bulk | • Whether assumed or determined. If | • Fifty-three core and rock samples were |
| Density | assumed, the basis for the assumptions. If | submitted to Hazen Research for specific |
| determined, the method used, whether | gravity determination; twelve were by the | |
| wet or dry, the frequency of the | stereopycnometer method and forty- one | |
| measurements, the nature, size and | were by the water immersion method. | |
| representativeness of the samples. • The bulk density for bulk material must |
• Eight samples were submitted to ALS Geochemistry for specific gravity and bulk |
ASX Release 24 March 2021
| Criteria | JORC Code explanation | Commentary |
| have been measured by methods that | density determination by water immersion | |
| adequately account for void spaces (vugs, | methods. | |
| porosity, etc), moisture and differences | • Water immersion method samples | |
| between rock and alteration zones within | weighed between 0.4 and 1.0 kg; | |
| the deposit. | pycnometer samples were less than 100g. | |
| • Discuss assumptions for bulk density estimates used in the evaluation process of the different materials. |
• Bulk density measurements were similar to specific gravity measurements as the samples had negligible pore spaces. |
|
| Classification | • The basis for the classification of the | • The classification for the Mineral |
| Mineral Resources into varying confidence | Resources is all Inferred with exception of | |
| categories. | the 9900 Level ore zone, which has been | |
| • Whether appropriate account has been | categorized as Indicated as well as | |
| taken of all relevant factors (i.e. relative | Inferred. | |
| confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the data). |
• The Indicated material was based on the number of samples used in the estimation, the distance to the nearest sample, and the Krige variance in a given block. |
|
| • Whether the result appropriately reflects | • Measured blocks were not assigned due to | |
| the Competent Person’s view of the | the lack of QAQC duplicates for those drill | |
| deposit. | holes used in the 9900 estimation. | |
| • Overall the estimation results are | ||
| reasonable for the deposit, and should be | ||
| considered representative of the identified | ||
| ore material. | ||
| Audits or | • The results of any audits or reviews of | • No audits or reviews have been done at |
| Reviews | Mineral Resource estimates. | this time. |
| Discussion of | • Where appropriate a statement of the | • The relative accuracy should be |
| relative | relative accuracy and confidence level in | considered moderate to high for the 9900 |
| accuracy/ | the Mineral Resource estimate using an | mineralized zone, and low for the sub- |
| confidence | approach or procedure deemed | 9600 and Sacramento zones, which is |
| appropriate by the Competent Person. For | reflected in their respective | |
| example, the application of statistical or | categorizations. | |
| geostatistical procedures to quantify the relative accuracy of the resource within stated confidence limits, or, if such an approach is not deemed appropriate, a qualitative discussion of the factors that could affect the relative accuracy and |
• The visual and statistical analyses of the estimations are the basis for the confidence levels. More data is required to bring up the level of confidence in all locations. |
|
| confidence of the estimate. | • Modern production data is not currently | |
| • The statement should specify whether it | available for any of the zones from which | |
| relates to global or local estimates, and, if | to draw conclusions around accuracy or | |
| local, state the relevant tonnages, which | confidence. | |
| should be relevant to technical and | ||
| economic evaluation. Documentation | ||
| should include assumptions made and the | ||
| procedures used. | ||
| • These statements of relative accuracy and | ||
| confidence of the estimate should be | ||
| compared with production data, where | ||
| available. |
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