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DATELINE RESOURCES LIMITED — Capital/Financing Update 2022
Mar 3, 2022
64793_rns_2022-03-03_7ab16add-a63b-44da-81d8-a782afc6ce82.pdf
Capital/Financing Update
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ASX Release
DATELINE RESOURCES LIMITED
(ACN 149 105 653) ASX Code: DTR
CAPITAL STRUCTURE
Share Price
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GOLD LINKS UPDATE
Highlights
-
Bonanza gold and silver grades up to 308g/t Au and 7,733g/t Ag returned from face sampling of underground development drives at the 9900mRL mineral resource.
-
Clay zone, ranging in thickness from 3 inches to 1 foot, contains very high grades gold and silver in the hanging wall of the vein.
-
Development ore continues to be mined and used for production start-up phase.
$38.1 million
- A 250tpd ball mill and associated equipment has been purchased to upgrade current capacity at Lucky Strike
MAJOR SHAREHOLDERS
- Gold concentrate currently being produced
Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) is pleased to provide an update on production and exploration activities at the 100%-owned Gold Links Gold Mine in Colorado, USA.
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
Underground face sampling as part of the mining program has returned bonanza gold and silver grades, well in excess of the mineral resource grade of 14g/t Au. Grades up to 308g/t Au and 7,733 g/t Ag were received, with the very high-grade results associated with a hanging wall clay zone that was not well recovered in the diamond core drilling program when defining this mineralised area.
The development mining program is progressing well, with ore continuing to be trucked to the Company’s 100% owned Lucky Strike mill as commissioning continues with the lower grade ore.
Whilst commissioning is underway with the existing 100tpd mill, the Company has purchased a 250tpd ball mill to expand production. Associated flotation cells, pumps and other equipment have been purchased with installation expected to be completed by the end of June 2022.
Mark Ohlsson Company Secretary
Dateline’s Managing Director, Stephen Baghdadi, commented:
CONTACT Mark Ohlsson Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: [email protected]
“It has always been the case in gold mining that ‘grade is king’ and these bonanza grades are nothing short of spectacular.
“Whilst we have seen high grades from exploration drilling at the Gold Links in the past, we have always recovered higher grades when we can actually see the vein such as we are doing now. The current face sampling returns of 10 ounces of gold and 7.7 kilos of silver per tonne gives us a lot of confidence for the future, particularly once we finalise commissioning the Lucky Strike mill inclusive of upgrades and begin stope mining the 9900rl Zone”
ASX Release 4 March 2022
High Grade Face Sampling
As part of the development program at Gold Links, the Company has conducted a close spaced face sampling and mapping program within the development drives ahead of stoping commencing. The program has been designed to provide the Company with detailed information on the controls on mineralisation.
The Company has received bonanza grade gold and silver assays from face sampling of the 9900mRL mineralised vein at the Gold Links Gold Mine in Colorado.
Highlights from the program included the following:
| Sample ID | Location | Gold (Aug/t) |
Silver (Ag g/t) |
Gold Equivalent *(Aueq g/t) ** |
|---|---|---|---|---|
| E257627 | 9925 South | 125.95 | 1,241 | 141.66 |
| E257628 | 9925 South | 26.43 | 109 | 27.81 |
| E257629 | 9925 South | 31.88 | 624 | 39.78 |
| E257631 | 9925 South | 16.90 | 121 | 18.43 |
| E257633 | 9925 South | 247.48 | 7,733 | 345.37 |
| E257616 | 9925 South | 308.11 | 2,797 | 343.52 |
| E257619 | 9925 South | 90.76 | 3,604 | 136.38 |
| E257621 | 9925 South | 98.10 | 1,583 | 118.14 |
*Gold equivalent: Aueq = ((Au g/t) + (Ag g/t)÷79) based on US$1,899/oz Au and US$24/oz Ag
Full sample details are included in Appendix 1.
The area where the recent mapping and sampling campaign was completed forms part of the 9900mRL indicated mineral resource, which has an estimated grade of 14g/t
The current face sampling program indicates potential grade upside from the defined mineral resource estimate, with a new intensely sheared and oxidised high-grade clay zone present in the hanging wall that was not generally seen in the drill core. The Company’s geologists believe this clay zone, which ranges in thickness from 3 inches to 1 foot, may have been washed away during diamond drilling.
As this high-grade zone is absent from most drillholes in this area, the Company believes there is good potential for an overcall on produced ounces compared to the mineral resource.
The processing circuit at the Company’s 100% owned Lucky Strike mill is configured to capture free gold in a gravity circuit followed by a flotation circuit, minimising the potential for gold losses to the tailings stream.
Figure 1 to 3 below show a photos of sampled faces in 9925 South, with the sample locations and grades marked on the image.
ASX Release 4 March 2022
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Figure 1: 9925 South face (sampled 19/1/2022) incl. 132g/t Au and 385g/t Ag
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Figure 2: 9925 South face (sampled 5/2/2022) incl. 247g/t Au and 7,733g/t Ag
ASX Release 4 March 2022
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Figure 3: 9925 South face (sampled 4/2/2022) incl. 308g/t Au and 2,797g/t Ag
ASX Release 4 March 2022
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Figure 4: Plan view image showing location of current underground mining areas (Scale is in feet)
ASX Release 4 March 2022
Production of gold concentrate for sale
Development ore is being mined and stockpiled at the Lucky Strike mill as commissioning proceeds. The commissioning activities are on track and gold concentrate is being produced. Ore from stoping is expected to be processed in March 2022.
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Figure 5: Concentrate being produced at the 100% owned Lucky Strike mill
Acquisition of larger processing equipment
The Company’s 100% owned Lucky Strike mill has a nominal throughput capacity of 100tons per day. As noted in previous releases, ongoing exploration success and a review of economics led to the Company investigating the purchase of larger ball milling and flotation equipment.
The Company is pleased to announce that it has acquired a 250tpd ball mill for Lucky Strike that will be installed and commissioned over the coming months. In addition to the larger milling capacity, the Company has also purchased additional flotation cells, pumps and ancillary equipment to match the higher throughput.
The Company intends to continue producing gold concentrate from the existing milling circuit until the additional bigger capacity mill ball mill and associated equipment are installed, tied in and commissioned over the coming months with a target to have the 250tpd equipment operational by the end of June 2022.
ASX Release 4 March 2022
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Figure 6: The 250tpd mill loaded for transportation from California to the Lucky Strike mill in Colorado
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Figure 7: The 250tpd ball mill being unloaded at the Lucky Strike site in Colorado
ASX Release 4 March 2022
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
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 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 4 March 2022
Appendix 1: Face Sampling Results
| Sample | Location | inches | m | Au | Ag | Aueq |
|---|---|---|---|---|---|---|
| E257562 | 9925 South Face | 6 | 0.152 | 10.20 | 22.0 | 10.48 |
| E257563 | 9925 South Face | 12 | 0.305 | 132.86 | 379.0 | 137.66 |
| E257564 | 9925 South Face | 8 | 0.203 | 112.92 | 385.0 | 117.79 |
| E257565 | 9925 South Face | 8 | 0.203 | 0.54 | 10.0 | 0.66 |
| E257566 | 9925 South Face | 6 | 0.152 | 1.40 | 47.4 | 2.00 |
| E257567 | 9925 South Face | 12 | 0.305 | 1.14 | 17.7 | 1.36 |
| E257568 | 9925 South Face | 18 | 0.457 | 1.23 | 13.7 | 1.40 |
| E257587 | 9925 North Face | 8 | 0.203 | 1.39 | 2.3 | 1.41 |
| E257588 | 9925 North Face | 24 | 0.610 | 0.61 | 4.3 | 0.67 |
| E257589 | 9925 North Face | 18 | 0.457 | 5.20 | 16.2 | 5.41 |
| E257590 | 9925 South Face | 12 | 0.305 | 0.08 | 3.5 | 0.13 |
| E257591 | 9925 North Face | 12 | 0.305 | 0.01 | 13.1 | 0.18 |
| E257592 | 9925 South Face | 18 | 0.457 | 2.32 | 44.0 | 2.88 |
| E257593 | 9925 South Face | 8 | 0.203 | 1.17 | 7.7 | 1.27 |
| E257598 | 9925 South Face | 12 | 0.305 | 2.74 | 12.0 | 2.89 |
| E257599 | 9925 South Face | 12 | 0.305 | 278.07 | 5,861.0 | 352.26 |
| E257600 | 9925 South Face | 18 | 0.457 | 0.31 | 26.5 | 0.65 |
| E257601 | 9925 North Face | 18 | 0.457 | 4.19 | 11.0 | 4.33 |
| E257602 | 9925 North Face | 8 | 0.203 | 5.38 | 28.7 | 5.74 |
| E257603 | 9925 North Face | 18 | 0.457 | 0.89 | 3.2 | 0.93 |
| E257604 | 9925 North Face | 8 | 0.203 | 3.21 | 11.0 | 3.35 |
| E257614 | 9925 South Face | 12 | 0.305 | 0.01 | 3.6 | 0.05 |
| E257615 | 9925 South Face | 14 | 0.356 | 0.58 | 4.6 | 0.63 |
| E257616 | 9925 South Face | 8 | 0.203 | 308.11 | 2,797.0 | 343.52 |
| E257617 | 9925 South Face | 24 | 0.610 | 2.06 | 20.6 | 2.32 |
| E257618 | 9925 South Face | 36 | 0.914 | 0.71 | 13.1 | 0.87 |
| E257619 | 9925 South Face | 8 | 0.203 | 90.76 | 3,604.0 | 136.38 |
| E257620 | 9925 South Face | 24 | 0.610 | 7.89 | 39.8 | 8.39 |
| E257621 | 9925 South Face | 12 | 0.305 | 99.10 | 1,583.0 | 119.14 |
| E257622 | 9925 North Face | 12 | 0.305 | 0.06 | 4.9 | 0.12 |
| E257623 | 9925 North Face | 12 | 0.305 | 8.26 | 12.6 | 8.42 |
| E257624 | 9925 North Face | 24 | 0.610 | 1.92 | 7.9 | 2.02 |
| E257625 | 9925 North Face | 24 | 0.610 | 1.96 | 5.2 | 2.03 |
| E257626 | 9925 North Face | 12 | 0.305 | 0.51 | 6.2 | 0.59 |
| E257627 | 9925 South Face | 12 | 0.305 | 125.95 | 1,241.0 | 141.66 |
| E257628 | 9925 South Face | 10 | 0.254 | 26.43 | 109.0 | 27.81 |
| E257629 | 9925 South Face | 6 | 0.152 | 31.88 | 624.0 | 39.78 |
| E257630 | 9925 South Face | 24 | 0.610 | 1.96 | 54.2 | 2.64 |
| E257631 | 9925 South Face | 18 | 0.457 | 16.90 | 121.0 | 18.43 |
| E257633 | 9925 South Face | 12 | 0.305 | 247.48 | 7,733.0 | 345.37 |
| E257639 | 9925 North Face | 12 | 0.305 | 0.20 | 8.0 | 0.30 |
| E257640 | 9925 North Face | 4 | 0.102 | 0.73 | 4.7 | 0.79 |
| E257641 | 9925 North Face | 10 | 0.254 | 5.11 | 15.3 | 5.30 |
| E257642 | 9925 North Face | 18 | 0.457 | 0.41 | 6.9 | 0.50 |
| E257643 | 9925 North Face | 12 | 0.305 | 1.18 | 5.5 | 1.25 |
| E257644 | 9925 North Face | 30 | 0.762 | 3.49 | 8.2 | 3.59 |
| E257645 | 9925 North Face | 12 | 0.305 | 5.15 | 7.9 | 5.25 |
| E257646 | 9925 North Face | 15 | 0.381 | 0.31 | 1.8 | 0.33 |
| E257647 | 9925 South Face | 12 | 0.305 | 76.42 | 226.0 | 79.28 |
| E257648 | 9925 South Face | 18 | 0.457 | 0.88 | 11.7 | 1.03 |
| E257649 | 9925 South Face | 14 | 0.356 | 2.67 | 7.4 | 2.77 |
| E257650 | 9925 South Face | 14 | 0.356 | 0.70 | 32.0 | 1.11 |
| E257651 | 9925 South Face | 8 | 0.203 | 162.41 | 2,374.0 | 192.46 |
| E257652 | 9925 South Face | 24 | 0.610 | 16.81 | 203.0 | 19.38 |
| E257653 | 9925 South Face | 24 | 0.610 | 0.29 | 6.9 | 0.37 |
| E257654 | 9925 South Face | 12 | 0.305 | 129.02 | 541.0 | 135.87 |
*Gold equivalent: Aueq = ((Au g/t) + (Ag g/t)÷79) based on US$1,899/oz Au and US$24/oz Ag
ASX Release 4 March 2022
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 3/2/2022, the Gold Links Project CRG |
| techniques | channels, random chips, or specific | Mining, LLC has completed 2,476 metres of | |
| specialised industry standard | drilling in 42 drill holes. All the drilling was | ||
| measurement tools appropriate to the | done underground with diamond drill core. | ||
| minerals under investigation, such as | Industry standard core handling and sampling | ||
| down hole gamma sondes, or handheld | procedures were employed to ensure high | ||
| XRF instruments, etc). These examples | quality samples. | ||
| should not be taken as limiting the | • As of 3//2022 54 metres of chip sampling | ||
| broad meaning of sampling. | across the 2150 vein structure in three | ||
| • Include reference to measures taken to | different ore headings has been completed as | ||
| ensure sample representivity and | the | well to establish an average grade for the ore | |
| appropriate calibration of |
any | development across each lower cut. | |
| measurement tools or systems used. | • Core sample boundaries were defined by | ||
| • Aspects of the determination of | changes in lithology, alteration, and | ||
| mineralisation that are Material to | the | mineralization noted in logging. | |
| Public Report. | • Potentially mineralized intervals were | ||
| • In cases where ‘industry standard’ | identified by geological logging and | ||
| work has been done this would be | dispatched for assay with minimum 0.3 | ||
| relatively simple (eg ‘reverse | metre shoulder samples. | ||
| circulation drilling was used to obtain | • Logging geologist identified zones of interest | ||
| 1 m samples from which 3 kg was | for sampling and sampled them. They also | ||
| pulverised to produce a 30 g charge for | sampled a length equivalent to approximately | ||
| fire assay’). In other cases more | 20% of the zone of interest on each side of it. | ||
| explanation may be required, such as | These are referred to as shoulder samples. | ||
| where there is coarse gold that has | • Core remaining after sampling was stored in | ||
| inherent sampling problems. Unusual | wax coated cardboard core trays. | ||
| commodities or mineralisation types | • Samples from drill holes were sent to | ||
| (eg submarine nodules) may warrant | ALSGlobal and Paragon Geochemical in Reno, | ||
| disclosure of detailed information. | Nevada for sample preparation and assay. | ||
| Samples were dried, weighed, crushed and | |||
| split to obtain 250 gm. Samples were placed | |||
| in ring and puck grinder to produce 85% | |||
| minus 75 micron pulp. This material was | |||
| blended on clean cloth and packaged in | |||
| paper pulp bags. Using a pulp balance, a 30 | |||
| gm sample was weighted out for 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. |
ASX Release 4 March 2022
| Criteria | JORC Code explanation | Commentary |
| Drilling | • Drill type (eg core, reverse circulation, | • The drilling program utilizes underground core |
| techniques | open-hole hammer, rotary air blast, | drilling. |
| auger, Bangka, sonic, etc) and details | • The core drilling is being conducted with a DE- | |
| (eg core diameter, triple or standard | 130 Sandvik rig with HQTT core tooling. | |
| tube, depth of diamond tails, face- | Standard tubes were used for the first 6 | |
| sampling bit or other type, whether | drillholes, the rest utilized triple tube to | |
| core is oriented and if so, by what | increase recoveries. The drilling has been | |
| method, etc). | completed by an experienced diamond | |
| drilling core driller. | ||
| Drill sample | • Method of recording and assessing core | • All drilling recoveries have been logged |
| recovery | and chip sample recoveries and results | and notated each run based on 1.65- |
| assessed. | meter tooling. | |
| • Measures taken to maximise | • To maximize sample recoveries, use of | |
| sample recovery and ensure | triple tube and long chain polymer | |
| representative nature of the | muds were used to increase recovery. | |
| samples. | • There has been no analysis between | |
| • Whether a relationship exists | sample recoveries and grade to date. | |
| 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 | • Core samples were geologically logged. |
| have been geologically and | Lithology, veining, alteration, mineralization and | |
| geotechnically logged to a level of | weathering are recorded in the appropriate | |
| detail to support appropriate | tables of the drill hole database. | |
| Mineral Resource estimation, | • Each core box was photographed dry and wet, | |
| mining studies and metallurgical | after logging of unit and structures were | |
| studies. | notated on the core. | |
| • Whether logging is qualitative or | • Core was cut along the long axis using a | |
| quantitative in nature. Core (or | diamond saw, half-core was sampled, and half | |
| costean, channel, etc) | stored for reference. | |
| photography. | • Geological logging of core samples is | |
| • The total length and percentage of the | qualitative and quantitative in nature. | |
| relevant intersections logged. | ||
| Sub-sampling | • If core, whether cut or sawn and | • All drill core samples were cut along the long |
| techniques and | whether quarter, half or all core | axis. The left side when looking down hole was |
| sample | taken. | sampled. Samples were placed in a heavy-duty |
| preparation | • If non-core, whether riffled, tube | poly sample bag. Each core sample placed in |
| sampled, rotary split, etc and | heavy duty poly sample bag, noted interval | |
| whether sampled wet or dry. | width in sample book, with a sample tag with | |
| • For all sample types, the nature, | the corresponding sample number placed in the | |
| quality and appropriateness of | bag with the other tag stapled to the top of the | |
| the sample preparation | bag. Sample bags were stapled along the top. | |
| technique. | Samples were sent by freight to ALSGlobal | |
| • Quality control procedures adopted | Paragon Geochemical, or Kappes Cassiday & | |
| for all sub-sampling stages to | Associates Reno, Nevada. | |
| maximise representivity of samples. | • Routine QAQC samples were inserted at a 20% | |
| • Measures taken to ensure that the | rate into the sample batches and comprised | |
| sampling is representative of the in situ | Certified Reference Materials (CRMs) from CDN | |
| material collected, including for instance | Resource Laboratories Ltd. and verified blank | |
| results for field duplicate/second-half | granitic material. | |
| sampling. | • Rock samples sent to ALS Laboratories were | |
| • Whether sample sizes are appropriate to | dried, weighed, crushed and split, with a split | |
| the grain size of the material being | pulverized to better than 85% passing 75 |
ASX Release 4 March 2022
| Criteria | JORC Code explanation | Commentary |
| sampled. | microns. Samples were 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 | • Samples were assayed by industry standard |
| assay data | of the assaying and laboratory | methods by ALSGlobal Laboratories, Paragon |
| and | procedures used and whether the | Geochemical, and Kappes Cassiday & |
| laboratory | technique is considered partial or total. | Associates in Reno, Nevada and Hazen |
| tests | • For geophysical tools, spectrometers, | Research Laboratories in Golden, Colorado. |
| handheld XRF instruments, etc, the | • Fire assays for gold and silver were | |
| parameters used in determining the | completed using industry standard fire | |
| analysis including instrument make and | assay methodology. | |
| model, reading times, calibrations | • External certified standards and blank | |
| factors applied and their derivation, etc. | material were added to the sample | |
| • Nature of quality control procedures | submission. | |
| adopted (eg standards, blanks, | ||
| duplicates, external laboratory checks) | ||
| and whether acceptable levels of | ||
| accuracy (ie lack of bias) and precision | ||
| have been established. | ||
| Verification of | • The verification of significant | • Sampling, documentation and sample submittal |
| sampling and | intersections by either independent or | were under the guidance and care of Graham |
| assaying | alternative company personnel. | Craig, GIT (Association of Professional Engineers |
| • The use of twinned holes. | and Geoscientists of Manitoba). | |
| • Documentation of primary | • Drilling, sample, and assay data is currently | |
| data, data entry procedures, | stored in MX Deposit, a secured data | |
| data verification, data storage | management system through Seequent. | |
| (physical and electronic) | ||
| protocols. | ||
| • Discuss any adjustment to assay data. | ||
| Location of | • Accuracy and quality of surveys used to | • All drill hole collars are surveyed using differential |
| data points | locate drill holes (collar and down-hole | GPS survey equipment. The positions are accurate |
| surveys), trenches, mine workings and | to within 10 cm x-y and height (z) to +/- 20 cm. | |
| other locations used in Mineral Resource | • The holes are surveyed in the Colorado State | |
| estimation. | Plane, UTM zone 12, NAD 1983 coordinate | |
| • Specification of the grid system used. | system. | |
| • Quality and adequacy of topographic | • Down hole surveys will be done using a Reflex | |
| control. | SPRINT-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 |
| and | Results. | 16-33 meter spacing according to previous |
| distribution | • Whether the data spacing, and | Mineral Resource estimation completed. |
| distribution is sufficient to establish the | • No sample compositing has been applied. | |
| degree of geological and grade | ||
| continuity appropriate for the Mineral | ||
| Resource and Ore Reserve estimation | ||
| procedure(s) and classifications applied. |
ASX Release 4 March 2022
| Criteria | JORC Code explanation | Commentary |
| • Whether sample compositing has been | ||
| applied. | ||
| Orientation of | • Whether the orientation of sampling | • Drill holes are planned to be drilled obliquely to |
| data in relation | achieves unbiased sampling of possible | near perpendicular to the known mineralized |
| to geological | structures and the extent to which this is | structures. Definition of structure location is the |
| structure | known, considering the deposit type. | principal goal. |
| • If the relationship between the drilling | • Sample orientation is deemed to be | |
| orientation and the orientation of key | representative for reporting purposes. | |
| mineralised structures is considered to | • No bias is considered to have been | |
| have introduced a sampling bias, this | introduced by the existing sampling | |
| should be assessed and reported if | orientation. | |
| material. | ||
| Sample | • The measures taken to ensure sample | • All samples were taken and maintained |
| security | security. | under the constant care of CRG Mining |
| personnel. Samples were delivered to | ||
| laboratories by a licensed transportation | ||
| company. | ||
| Audits or | • The results of any audits or reviews of | • Drill hole sampling techniques and QAQC |
| reviews | sampling techniques and data. | procedures 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. |
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 |
| tenement and | and ownership including agreements or | Dateline Resources Limited or a wholly |
| land tenure | material issues with third parties such | owned subsidiary and there exist |
| status | as joint ventures, partnerships, | production-based royalties as previously |
| overriding royalties, native title | disclosed to ASX. | |
| interests, historical sites, wilderness or | ||
| national park and environmental | ||
| settings. | ||
| • The security of the tenure held at the | ||
| time of reporting along with any known | ||
| impediments to obtaining a licence to | ||
| operate in the area. | ||
| Exploration | • Acknowledgment and appraisal of | • Historical work was completed by various |
| done by other | exploration by other parties. | groups over 100 years. Review of this work was |
| parties | completed by Dahrouge Geological Consulting | |
| Ltd. In 2019. | ||
| • All previous work undertaken by others is non- | ||
| JORC compliant. |
ASX Release 4 March 2022
| Criteria | JORC Code explanation | Commentary |
| Geology | • Deposit type, geological setting and style of | • The Gold Links Project is hosted by an Early |
| mineralisation. | Proterozoic 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 |
| Information | the understanding of the exploration | of the drill holes and sample locations. |
| results 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 |
| aggregation | averaging techniques, maximum and/or | above a lower exploration cut-off grade |
| methods | minimum grade truncations (eg cutting of | of 0.2 g/T Au and no upper cut off grade |
| high grades) and cut-off grades are | has been applied. | |
| 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. |
ASX Release 4 March 2022
| Criteria | JORC Code explanation | Commentary |
| Relationship | • These relationships are particularly | • Drill holes are orientated |
| between | important in the reporting of | obliquely to the mineralized |
| mineralisation | Exploration Results. | structures and disseminated |
| widths and | • If the geometry of the mineralisation | bodies. |
| intercept | with respect to the drill hole angle is | • Interception angles of the |
| lengths | known, its nature should be reported. | mineralized structures are |
| • If it is not known and only the down hole | estimated by geometries from | |
| lengths are reported, there should be a | known occurrences in the | |
| clear statement to this effect (eg ‘down | adjacent mine workings and | |
| hole length, true width not known’). | the core drilling intercepts. | |
| Diagrams | • Appropriate maps and sections (with | • Supporting figures have been included within |
| scales) and tabulations of intercepts | the body of 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 |
| reporting | Exploration Results is not practicable, | grades 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 | • At Gold Links, future work will include |
| further work (eg tests for lateral | expanded drilling the on-strike and down-dip | |
| extensions or depth extensions or | extensions of the 2150, Hanging Wall, and | |
| large-scale step-out drilling). | 1700 veins, preparation for underground | |
| • Diagrams clearly highlighting the areas of | exploitation, finalizing the surface program; | |
| possible extensions, including the main | reopening, mapping and sampling of | |
| geological interpretations and future | previously inaccessible underground workings; | |
| drilling areas, provided this information is | as well as infill and expanded surface soil | |
| not commercially sensitive. | geochemistry, geological mapping, and | |
| geophysics. |