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DATELINE RESOURCES LIMITED — Capital/Financing Update 2023
Jul 19, 2023
64793_rns_2023-07-19_82dbc191-ed11-417e-b6ff-441a39004c63.pdf
Capital/Financing Update
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ASX Release 20 July 2023
DATELINE RESOURCES LIMITED
(ACN 149 105 653) ASX Code: DTR
==> picture [72 x 67] intentionally omitted <==
WIDE GOLD INTERCEPT AT COLOSSEUM 81.35 metres at 2.57g/t Au
Highlights
-
81.35m @ 2.57g/t Au intercepted in diamond drill hole CM23-11a.
-
Including 36m @ 3.97g/t Au
-
Average grade of the intersection is greater than overall mineral resource grade (1.2g/t Au).
CAPITAL STRUCTURE Share Price (19/7/23) $0.022
$18.85 million
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A total of eight diamond drill holes planned.
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Third drillhole , CM23-09, still in breccia pipe at over 306 metres downhole.
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Drilling of the rare earth targets is planned for the September quarter.
MAJOR SHAREHOLDERS
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
John Smith Company Secretary
CONTACT John Smith Phone: +61 2 9375 2353 Postal Address: P.O. Box 178 Neutral Bay NSW 2089 Email: [email protected]
Dateline Resources Limited ( Dateline or the Company ) is pleased to announce it has received final assay results for its second diamond drill hole, CM23-11a, drilled at the Colosseum Mine in San Bernardino County, California, USA that includes an intersection of 81.35 metres at 2.57 g/t gold from 81.01m downhole.
Mineralisation at Colosseum is hosted within two near vertical breccia pipes, with historical drilling continuing to intersect the West pipe at ~1,000m vertical depth below the starting surface. The existing open pit is at 1,621mRL (208m below the starting surface). The Mineral Resource estimate extends to 1,493mRL (128m below the pit). This current drill program proposes to test targets down to 1,417mRL, ~75m below the base of the Mineral Resource estimate. The Colosseum is known to contain at least 813,000oz of gold at a grade of 1.2g/t Au (813,000oz)[1] , of which 71% is in the Measured and Indicated category.
The current drill program builds on the success of the previous drilling including CM22-05, which intercepted 100.6m @ 4.16g/t Au from 79.24m downhole[2] and CM23-08, which has a revised intercept of 76.2m @ 8.62g/t Au (previously 63.2m @ 10.28g/t Au[3] ) once final assays were received and analysed.
The drilling program comprises eight diamond drillholes targeting areas of high grade sedimentary breccia within the mineral resource model. This area has low drill density and lies within and extends below the Mineral Resource model and should add additional tonnes and ounces. The results of this program will be used to update the Mineral Resource estimate.
Commenting on the results, Managing Director, Stephen Baghdadi, commented:
“The curent drilling program continues to deliver. We now have results from two holes and are are drilling the third hole, CM23-09 which is has reached a length that is beyond the original design and is still in the breccia pipe. This indicates that the actual breccia pipe is wider than was previously known.
“It is very encouraging to see mineralisation that is wider than we expected, with excellent consistency. Our last three holes have had intersections of 100, 75 and 81 metres of a gold bearing zone comprising several rock types within the breccia pipe. All three holes intersect gold grades that are greater than the current average mineral resource grade
“In addition to increasing the mineral resource size, at the end of this eight hole drilling program, we expect to know a lot more about the shape of the high grade zone within the breccia pipe. This knowledge will allow us to better target our ongoing drilling program.”
1 ASX Announcement 6 July 2022 – 813,00oz Gold Maiden Resource at Colosseum
2 ASX Announcement 6 June 2022 – 100m @ 4.16g/t Au Colosseum Gold Project
3 ASX Announcement 19 June 2023 – 63.2m @ 10.28g/t gold at Colosseum mine
ASX Release 20 July 2023
Diamond Drilling Details
Drillhole CM23-11a was drilled at a dip of -50[o] towards azimuth 230[o] , testing the West breccia pipe inside and below the current Mineral Resource envelope. The hole was drilled to 260.2m and intersected the sedimentary breccia as planned and also intersected12.2m @1.6g/t Au at the end of the hold near the breccia and granite contact.
==> picture [552 x 459] intentionally omitted <==
Figure 1: Cross section showing the existing pit, mineral resource shell in yellow, Leapfrog software interpolated shape of the higher grade sedimentary breccia unit, end location of drill hole 11a outside and below the resource shell.
Third Drillhole – CM23-09
The third hole in the current drill program, CM23-09, is in progress with approximately 306 metres completed thus far. The drillhole is within the breccia pipe, demonstrating the breccia pipe is bigger than what has been previously modelled.
ASX Release 20 July 2023
==> picture [549 x 450] intentionally omitted <==
Figure 2: Photo of high-grade core in CM23-11a with gold grades outlined
Forward Program
The diamond drilling program comprises eight (8) holes. The third drillhole, CM23-09, is ongoing. Some core has already been sent to the laboratory for analysis and the balance will be sent when the hole is complete. Laboratory assay turnaround times can vary and the market will be advised of any material results as soon as they become available.
The Company has developed a drill plan for an initial test of the rare earth targets developed by the Company’s expert advisors in 2022. Depending on the rate of drilling of the gold targets, these holes may be drilled either with diamond or reverse circulation (RC). Current planning is the holes will be drilled in the September ’23 quarter.
ASX Release 20 July 2023
This announcement has been authorised for release on ASX by the Company’s Board of Directors.
For more information:
Stephen Baghdadi Andrew Rowell Managing Director White Noise Communications +61 2 9375 2353 +61 400 466 226 www.datelineresources.com.au [email protected]
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 mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in California.
The Colosseum Mine is located in the Walker Lane Trend in East San Bernardino County, California. On July 6, 2022, the Company announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 20.9Mt @ 1.2g/t Au for 813,000oz. Of the total Mineral Resource, 258koz @1.2g/t Au (32%) are classified as Measured, 322koz @1.2g/t Au (39%) as Indicated and 235koz @1.3g/t Au (29%) as Inferred.
The Colosseum is located less than 10km north of the Mountain Rare Earth mine. Work has commenced on identifying the source of the mantle derived rocks that are associated with carbonatites and are located at Colosseum. A comprehensive mapping, sampling and gravity survey has located several REE targets that are ready to be drill tested.
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.
Forward-Looking Statements
This announcement may contain “forward-looking statements” concerning Dateline Resources that are subject to risks and uncertainties. Generally, the words “will”, “may”, “should”, “continue”, “believes”, “expects”, “intends”, “anticipates” or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Dateline Resources’ ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. Dateline Resources cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forwardlooking statements. Dateline Resources assumes no obligation and does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
ASX Release 20 July 2023
APPENDIX 1 COLLAR INFORMATION
| Hole ID | Easting | Northing | Elevation | Total Depth (m) |
|---|---|---|---|---|
| CM23-08 | 11245 | 21173 | 5433 | 179.7 |
| CM23-11 | 11245 | 21173 | 5433 | 75.2 |
| CM23-11a | 11245 | 21173 | 5433 | 260.2 |
| CM23-09 | 11245 | 21173 | 5433 | in-progress |
ASX Release 20 July 2023
APPENDIX 2 - ASSAY INFORMATION
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Au opt |
|---|---|---|---|---|---|---|---|
| E256001 | CM23-08 | Core | 1.5 | 3.0 | 1.5 | 0.014 | 0.0004 |
| E256002 | CM23-08 | Core | 3.0 | 4.6 | 1.5 | 0.02 | 0.0006 |
| E256003 | CM23-08 | Core | 4.6 | 6.1 | 1.5 | 0.023 | 0.0007 |
| E256004 | CM23-08 | Core | 6.1 | 7.6 | 1.5 | 0.023 | 0.0007 |
| E256005 | CM23-08 | Core | 7.6 | 9.1 | 1.5 | 0.017 | 0.0005 |
| E256007 | CM23-08 | Core | 9.1 | 10.7 | 1.5 | 0.072 | 0.0021 |
| E256008 | CM23-08 | Core | 10.7 | 12.2 | 1.5 | 0.027 | 0.0008 |
| E256009 | CM23-08 | Core | 12.2 | 13.7 | 1.5 | 0.11 | 0.0032 |
| E256010 | CM23-08 | Core | 13.7 | 15.0 | 1.3 | 0.186 | 0.0054 |
| no sample | CM23-08 | Core | 15.0 | 16.5 | 1.5 | ||
| E256011 | CM23-08 | Core | 16.5 | 17.0 | 0.5 | 0.094 | 0.0027 |
| E256013 | CM23-08 | Core | 17.0 | 18.3 | 1.3 | 0.334 | 0.0097 |
| E256014 | CM23-08 | Core | 18.3 | 19.8 | 1.5 | 0.259 | 0.0076 |
| E256015 | CM23-08 | Core | 19.8 | 20.7 | 0.9 | 0.38 | 0.0111 |
| E256016 | CM23-08 | Core | 20.7 | 21.9 | 1.1 | 0.336 | 0.0098 |
| E256017 | CM23-08 | Core | 21.9 | 22.0 | 0.2 | 22.08 | 0.644 |
| E256019 | CM23-08 | Core | 22.0 | 23.3 | 1.3 | 0.47 | 0.01 |
| E256020 | CM23-08 | Core | 23.3 | 23.9 | 0.5 | 0.12 | 0.00 |
| E256021 | CM23-08 | Core | 23.9 | 24.1 | 0.2 | 0.15 | 0.00 |
| E256022 | CM23-08 | Core | 24.1 | 25.3 | 1.2 | 0.28 | 0.01 |
| E256023 | CM23-08 | Core | 25.3 | 26.2 | 0.9 | 0.07 | 0.00 |
| E256025 | CM23-08 | Core | 26.2 | 26.8 | 0.6 | 0.21 | 0.01 |
| E256026 | CM23-08 | Core | 26.8 | 28.3 | 1.5 | 0.06 | 0.00 |
| E256027 | CM23-08 | Core | 28.3 | 29.9 | 1.5 | 0.28 | 0.01 |
| E256028 | CM23-08 | Core | 29.9 | 31.1 | 1.2 | 0.12 | 0.00 |
| E256029 | CM23-08 | Core | 31.1 | 31.4 | 0.3 | 0.01 | 0.00 |
| E256030 | CM23-08 | Core | 31.4 | 32.9 | 1.5 | 0.59 | 0.02 |
| E256032 | CM23-08 | Core | 32.9 | 34.4 | 1.5 | 0.30 | 0.01 |
| E256033 | CM23-08 | Core | 34.4 | 36.0 | 1.5 | 0.14 | 0.00 |
| E256034 | CM23-08 | Core | 36.0 | 37.5 | 1.5 | 0.07 | 0.00 |
| E256035 | CM23-08 | Core | 37.5 | 38.0 | 0.5 | 0.50 | 0.01 |
| E256036 | CM23-08 | Core | 38.0 | 39.5 | 1.5 | 0.15 | 0.00 |
| E256038 | CM23-08 | Core | 39.5 | 42.5 | 3.0 | 0.21 | 0.01 |
| E256039 | CM23-08 | Core | 51.4 | 52.9 | 1.5 | 0.03 | 0.00 |
| E256040 | CM23-08 | Core | 52.9 | 54.5 | 1.5 | 0.06 | 0.00 |
| E256041 | CM23-08 | Core | 54.5 | 57.5 | 3.0 | 0.19 | 0.01 |
| E256042 | CM23-08 | Core | 57.5 | 57.8 | 0.3 | 0.15 | 0.00 |
| E256044 | CM23-08 | Core | 57.8 | 58.4 | 0.5 | 0.57 | 0.02 |
| E256045 | CM23-08 | Core | 58.4 | 59.1 | 0.8 | 0.01 | 0.00 |
| E256046 | CM23-08 | Core | 59.1 | 60.7 | 1.5 | 0.34 | 0.01 |
| E256047 | CM23-08 | Core | 60.7 | 62.2 | 1.5 | 0.27 | 0.01 |
ASX Release 20 July 2023
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Au opt |
|---|---|---|---|---|---|---|---|
| E256048 | CM23-08 | Core | 62.2 | 63.7 | 1.5 | 0.61 | 0.02 |
| E256050 | CM23-08 | Core | 63.7 | 65.2 | 1.5 | 1.52 | 0.04 |
| E256051 | CM23-08 | Core | 65.2 | 66.7 | 1.5 | 0.19 | 0.01 |
| E256052 | CM23-08 | Core | 66.7 | 67.6 | 0.8 | 0.25 | 0.01 |
| E256053 | CM23-08 | Core | 67.6 | 68.9 | 1.3 | 0.01 | 0.00 |
| E256054 | CM23-08 | Core | 68.9 | 70.4 | 1.5 | <0.01 | <0.0003 |
| E256056 | CM23-08 | Core | 70.4 | 71.9 | 1.5 | 0.01 | 0.00 |
| E256057 | CM23-08 | Core | 71.9 | 73.5 | 1.5 | 0.01 | 0.00 |
| E256058 | CM23-08 | Core | 73.5 | 75.0 | 1.5 | 0.03 | 0.00 |
| E256059 | CM23-08 | Core | 75.0 | 76.5 | 1.5 | 0.03 | 0.00 |
| E256060 | CM23-08 | Core | 76.5 | 78.0 | 1.5 | 0.03 | 0.00 |
| E256062 | CM23-08 | Core | 78.0 | 79.0 | 1.0 | <0.01 | <0.0003 |
| E256063 | CM23-08 | Core | 79.0 | 80.5 | 1.5 | 0.15 | 0.00 |
| E256064 | CM23-08 | Core | 80.5 | 82.0 | 1.5 | 0.05 | 0.00 |
| E256065 | CM23-08 | Core | 82.0 | 83.5 | 1.5 | 0.01 | 0.00 |
| E256067 | CM23-08 | Core | 83.5 | 85.0 | 1.5 | 0.04 | 0.00 |
| E256068 | CM23-08 | Core | 85.0 | 86.6 | 1.5 | 0.15 | 0.00 |
| E256069 | CM23-08 | Core | 86.6 | 86.8 | 0.3 | 0.13 | 0.00 |
| E256070 | CM23-08 | Core | 86.8 | 88.3 | 1.4 | 0.11 | 0.00 |
| E256071 | CM23-08 | Core | 88.3 | 89.6 | 1.3 | 0.45 | 0.01 |
| E256073 | CM23-08 | Core | 89.6 | 91.1 | 1.5 | 0.19 | 0.01 |
| E256074 | CM23-08 | Core | 91.1 | 92.7 | 1.5 | 0.68 | 0.02 |
| E256075 | CM23-08 | Core | 92.7 | 94.2 | 1.5 | 3.73 | 0.11 |
| E256076 | CM23-08 | Core | 94.2 | 95.7 | 1.5 | 0.77 | 0.02 |
| E256077 | CM23-08 | Core | 95.7 | 97.1 | 1.4 | 0.48 | 0.01 |
| E256078 | CM23-08 | Core | 97.1 | 97.5 | 0.4 | 1.52 | 0.04 |
| E256080 | CM23-08 | Core | 97.5 | 98.8 | 1.3 | 1.49 | 0.04 |
| E256081 | CM23-08 | Core | 98.8 | 100.3 | 1.5 | 4.11 | 0.12 |
| E256082 | CM23-08 | Core | 100.3 | 101.8 | 1.5 | 1.02 | 0.03 |
| E256083 | CM23-08 | Core | 101.8 | 103.3 | 1.5 | 2.33 | 0.07 |
| E256084 | CM23-08 | Core | 103.3 | 104.8 | 1.5 | 1.50 | 0.04 |
| E256086 | CM23-08 | Core | 104.8 | 106.4 | 1.5 | 2.65 | 0.08 |
| E256088 | CM23-08 | Core | 106.4 | 107.9 | 1.5 | 0.85 | 0.25 |
| E256089 | CM23-08 | Core | 107.9 | 109.4 | 1.5 | 9.99 | 0.29 |
| E256090 | CM23-08 | Core | 109.4 | 110.9 | 1.5 | 0.44 | 0.01 |
| E256091 | CM23-08 | Core | 110.9 | 112.5 | 1.5 | 1.14 | 0.03 |
| E256092 | CM23-08 | Core | 112.5 | 114.0 | 1.5 | 0.76 | 0.02 |
| E256093 | CM23-08 | Core | 114.0 | 115.5 | 1.5 | 0.86 | 0.03 |
| E256095 | CM23-08 | Core | 115.5 | 116.6 | 1.1 | 16.00 | 0.47 |
| E256096 | CM23-08 | Core | 116.6 | 118.3 | 1.6 | 21.85 | 0.64 |
| E256097 | CM23-08 | Core | 118.3 | 119.8 | 1.5 | 11.90 | 0.35 |
| E256098 | CM23-08 | Core | 119.8 | 121.3 | 1.5 | 17.45 | 0.51 |
| E256099 | CM23-08 | Core | 121.3 | 122.8 | 1.5 | 12.10 | 0.35 |
| E256100 | CM23-08 | Core | 122.8 | 124.4 | 1.5 | 10.60 | 0.31 |
ASX Release 20 July 2023
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Au opt |
|---|---|---|---|---|---|---|---|
| E256102 | CM23-08 | Core | 124.4 | 125.9 | 1.5 | 36.10 | 1.06 |
| E256103 | CM23-08 | Core | 125.9 | 127.4 | 1.5 | 20.00 | 0.58 |
| E256104 | CM23-08 | Core | 127.4 | 128.6 | 1.2 | 16.30 | 0.48 |
| E256105 | CM23-08 | Core | 128.6 | 129.6 | 1.0 | 42.19 | 1.23 |
| E256106 | CM23-08 | Core | 129.6 | 131.1 | 1.4 | 9.16 | 0.27 |
| E256107 | CM23-08 | Core | 131.1 | 132.6 | 1.5 | 16.35 | 0.48 |
| E256109 | CM23-08 | Core | 132.6 | 134.1 | 1.5 | 18.70 | 0.55 |
| E256110 | CM23-08 | Core | 134.1 | 135.6 | 1.5 | 26.10 | 0.76 |
| E256111 | CM23-08 | Core | 135.6 | 137.2 | 1.5 | 24.90 | 0.73 |
| E256112 | CM23-08 | Core | 137.2 | 137.8 | 0.6 | 35.60 | 1.04 |
| E256113 | CM23-08 | Core | 137.8 | 139.0 | 1.2 | 53.70 | 1.57 |
| E256114 | CM23-08 | Core | 139.0 | 139.2 | 0.2 | 45.50 | 1.33 |
| E256116 | CM23-08 | Core | 139.2 | 139.6 | 0.5 | 13.20 | 0.39 |
| E256117 | CM23-08 | Core | 139.6 | 141.1 | 1.5 | 6.66 | 0.19 |
| E256118 | CM23-08 | Core | 141.1 | 142.6 | 1.5 | 4.36 | 0.13 |
| E256119 | CM23-08 | Core | 142.6 | 144.2 | 1.5 | 6.97 | 0.20 |
| E256120 | CM23-08 | Core | 144.2 | 145.7 | 1.5 | 15.30 | 0.45 |
| E256121 | CM23-08 | Core | 145.7 | 147.2 | 1.5 | 11.55 | 0.34 |
| E256123 | CM23-08 | Core | 147.2 | 148.4 | 1.2 | 2.40 | 0.07 |
| E256124 | CM23-08 | Core | 148.4 | 150.0 | 1.6 | 0.35 | 0.01 |
| E256125 | CM23-08 | Core | 146.9 | 151.5 | 4.6 | 0.13 | 0.00 |
| E256126 | CM23-08 | Core | 151.5 | 153.0 | 1.5 | 0.27 | 0.01 |
| E256127 | CM23-08 | Core | 153.0 | 154.5 | 1.5 | 0.88 | 0.03 |
| E256128 | CM23-08 | Core | 154.5 | 156.0 | 1.5 | 0.23 | 0.01 |
| E256130 | CM23-08 | Core | 156.0 | 157.6 | 1.5 | 0.38 | 0.01 |
| E256131 | CM23-08 | Core | 157.6 | 159.1 | 1.5 | 1.24 | 0.04 |
| E256132 | CM23-08 | Core | 159.1 | 160.6 | 1.5 | 0.95 | 0.03 |
| E256133 | CM23-08 | Core | 160.6 | 161.3 | 0.7 | 1.23 | 0.04 |
| E256134 | CM23-08 | Core | 161.3 | 161.5 | 0.2 | 0.27 | 0.01 |
| E256135 | CM23-08 | Core | 161.5 | 162.5 | 0.9 | 0.24 | 0.01 |
| E256137 | CM23-08 | Core | 162.5 | 162.6 | 0.2 | 0.88 | 0.03 |
| E256138 | CM23-08 | Core | 162.6 | 163.6 | 0.9 | 0.11 | 0.00 |
| E256139 | CM23-08 | Core | 163.6 | 164.3 | 0.7 | 0.16 | 0.00 |
| E256140 | CM23-08 | Core | 164.3 | 165.8 | 1.5 | 0.32 | 0.01 |
| E256141 | CM23-08 | Core | 165.8 | 167.3 | 1.5 | 0.68 | 0.02 |
| E256142 | CM23-08 | Core | 167.3 | 168.9 | 1.5 | 0.29 | 0.01 |
| E256144 | CM23-08 | Core | 168.9 | 170.4 | 1.5 | 0.34 | 0.01 |
| E256145 | CM23-08 | Core | 170.4 | 171.9 | 1.5 | 0.30 | 0.01 |
| E256146 | CM23-08 | Core | 171.9 | 173.4 | 1.5 | 0.29 | 0.01 |
| E256147 | CM23-08 | Core | 173.4 | 174.6 | 1.2 | 0.14 | 0.00 |
| E256148 | CM23-08 | Core | 174.6 | 176.1 | 1.5 | 0.11 | 0.00 |
| E256149 | CM23-08 | Core | 176.1 | 177.2 | 1.1 | 0.06 | 0.00 |
| E256150 | CM23-08 | Core | 177.2 | 178.7 | 1.5 | 0.04 | 0.00 |
| E256151 | CM23-08 | Core | 178.7 | 179.5 | 0.8 | 0.03 | 0.00 |
ASX Release 20 July 2023
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Au opt |
|---|---|---|---|---|---|---|---|
| E256152 | CM23-08 | Core | 179.5 | 179.7 | 0.2 | 0.01 | 0.00 |
| E256212 | CM23-11a | Core | 0.0 | 1.5 | 1.5 | 0.01 | 0.00 |
| E256213 | CM23-11a | Core | 1.5 | 3.0 | 1.5 | 0.01 | 0.00 |
| E256214 | CM23-11a | Core | 3.0 | 4.6 | 1.5 | 0.02 | 0.00 |
| E256215 | CM23-11a | Core | 4.6 | 6.1 | 1.5 | 0.03 | 0.00 |
| E256216 | CM23-11a | Core | 6.1 | 7.6 | 1.5 | 0.01 | 0.00 |
| E256217 | CM23-11a | Core | 7.6 | 9.1 | 1.5 | 0.02 | 0.00 |
| E256219 | CM23-11a | Core | 9.1 | 10.7 | 1.5 | 0.02 | 0.00 |
| E256220 | CM23-11a | Core | 10.7 | 12.2 | 1.5 | 0.03 | 0.00 |
| E256221 | CM23-11a | Core | 12.2 | 13.7 | 1.5 | 0.01 | 0.00 |
| E256222 | CM23-11a | Core | 13.7 | 15.2 | 1.5 | 0.03 | 0.00 |
| E256223 | CM23-11a | Core | 15.2 | 16.8 | 1.5 | 0.06 | 0.00 |
| E256224 | CM23-11a | Core | 16.8 | 18.3 | 1.5 | 0.14 | 0.00 |
| E256225 | CM23-11a | Core | 18.3 | 19.8 | 1.5 | 0.17 | 0.00 |
| E256227 | CM23-11a | Core | 19.8 | 21.3 | 1.5 | 0.08 | 0.00 |
| E256228 | CM23-11a | Core | 21.3 | 22.9 | 1.5 | 0.04 | 0.00 |
| E256229 | CM23-11a | Core | 22.9 | 24.4 | 1.5 | 0.07 | 0.00 |
| E256230 | CM23-11a | Core | 24.4 | 25.9 | 1.5 | 0.22 | 0.01 |
| E256231 | CM23-11a | Core | 25.9 | 27.7 | 1.8 | 0.04 | 0.00 |
| E256232 | CM23-11a | Core | 27.7 | 29.2 | 1.5 | 0.03 | 0.00 |
| E256233 | CM23-11a | Core | 29.2 | 30.7 | 1.5 | 0.14 | 0.00 |
| E256234 | CM23-11a | Core | 30.7 | 32.2 | 1.5 | 0.31 | 0.01 |
| E256235 | CM23-11a | Core | 32.2 | 33.8 | 1.5 | 0.26 | 0.01 |
| E256236 | CM23-11a | Core | 33.8 | 35.3 | 1.5 | 0.13 | 0.00 |
| E256238 | CM23-11a | Core | 35.3 | 36.8 | 1.5 | 0.27 | 0.01 |
| E256239 | CM23-11a | Core | 36.8 | 38.3 | 1.5 | 1.83 | 0.05 |
| E256240 | CM23-11a | Core | 38.3 | 39.9 | 1.5 | 1.09 | 0.03 |
| E256241 | CM23-11a | Core | 39.9 | 41.4 | 1.5 | 0.47 | 0.01 |
| E256242 | CM23-11a | Core | 41.4 | 42.9 | 1.5 | 0.21 | 0.01 |
| E256243 | CM23-11a | Core | 42.9 | 44.1 | 1.2 | 0.18 | 0.01 |
| E256244 | CM23-11a | Core | 44.1 | 44.8 | 0.8 | 0.64 | 0.02 |
| E256245 | CM23-11a | Core | 44.8 | 46.4 | 1.5 | 0.23 | 0.01 |
| E256246 | CM23-11a | Core | 46.4 | 47.9 | 1.5 | 0.28 | 0.01 |
| E256247 | CM23-11a | Core | 47.9 | 49.4 | 1.5 | 0.14 | 0.00 |
| E256249 | CM23-11a | Core | 49.4 | 50.9 | 1.5 | 0.12 | 0.00 |
| E256250 | CM23-11a | Core | 50.9 | 52.5 | 1.5 | 0.18 | 0.01 |
| E256251 | CM23-11a | Core | 52.5 | 53.6 | 1.2 | 0.26 | 0.01 |
| E256252 | CM23-11a | Core | 53.6 | 54.3 | 0.6 | 0.22 | 0.01 |
| E256253 | CM23-11a | Core | 54.3 | 55.8 | 1.5 | 0.42 | 0.01 |
| E256254 | CM23-11a | Core | 55.8 | 57.3 | 1.5 | 0.50 | 0.01 |
| E256255 | CM23-11a | Core | 57.3 | 58.4 | 1.1 | 0.48 | 0.01 |
| E256256 | CM23-11a | Core | 58.4 | 60.0 | 1.5 | 0.61 | 0.02 |
| E256257 | CM23-11a | Core | 60.0 | 61.2 | 1.3 | 0.09 | 0.00 |
ASX Release 20 July 2023
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Au opt |
|---|---|---|---|---|---|---|---|
| E256258 | CM23-11a | Core | 61.2 | 61.7 | 0.5 | 0.01 | 0.00 |
| E256260 | CM23-11a | Core | 61.7 | 63.1 | 1.4 | 0.06 | 0.00 |
| E256261 | CM23-11a | Core | 63.1 | 64.6 | 1.5 | 0.21 | 0.01 |
| E256262 | CM23-11a | Core | 64.6 | 66.1 | 1.5 | 0.08 | 0.00 |
| E256263 | CM23-11a | Core | 66.1 | 67.7 | 1.5 | 0.09 | 0.00 |
| E256264 | CM23-11a | Core | 67.7 | 69.2 | 1.5 | 0.04 | 0.00 |
| E256265 | CM23-11a | Core | 69.2 | 69.6 | 0.4 | 0.28 | 0.01 |
| E256266 | CM23-11a | Core | 69.6 | 71.0 | 1.4 | 0.04 | 0.00 |
| E256267 | CM23-11a | Core | 71.0 | 72.5 | 1.5 | 0.03 | 0.00 |
| E256268 | CM23-11a | Core | 72.5 | 74.0 | 1.4 | 0.02 | 0.00 |
| E256269 | CM23-11a | Core | 74.0 | 75.5 | 1.5 | 0.03 | 0.00 |
| E256271 | CM23-11a | Core | 75.5 | 77.0 | 1.5 | 0.05 | 0.00 |
| E256272 | CM23-11a | Core | 77.0 | 78.5 | 1.5 | 0.25 | 0.01 |
| E256273 | CM23-11a | Core | 78.5 | 80.1 | 1.5 | 0.10 | 0.00 |
| E256274 | CM23-11a | Core | 80.1 | 81.0 | 0.9 | 0.07 | 0.00 |
| E256275 | CM23-11a | Core | 81.0 | 82.5 | 1.5 | 4.89 | 0.14 |
| E256276 | CM23-11a | Core | 82.5 | 83.8 | 1.3 | 0.13 | 0.00 |
| E256277 | CM23-11a | Core | 83.8 | 85.3 | 1.5 | 0.33 | 0.01 |
| E256278 | CM23-11a | Core | 85.3 | 85.6 | 0.2 | 0.09 | 0.00 |
| E256280 | CM23-11a | Core | 85.6 | 86.9 | 1.3 | 0.49 | 0.01 |
| E256281 | CM23-11a | Core | 86.9 | 88.4 | 1.5 | 0.14 | 0.00 |
| E256282 | CM23-11a | Core | 88.4 | 89.9 | 1.5 | 5.50 | 0.16 |
| E256283 | CM23-11a | Core | 89.9 | 90.8 | 0.9 | 2.09 | 0.06 |
| E256284 | CM23-11a | Core | 90.8 | 92.3 | 1.5 | 0.48 | 0.01 |
| E256285 | CM23-11a | Core | 92.3 | 93.9 | 1.5 | 0.25 | 0.01 |
| E256287 | CM23-11a | Core | 93.9 | 95.4 | 1.5 | 0.15 | 0.00 |
| E256288 | CM23-11a | Core | 95.4 | 96.9 | 1.5 | 0.07 | 0.00 |
| E256289 | CM23-11a | Core | 96.9 | 98.4 | 1.5 | 0.15 | 0.00 |
| E256290 | CM23-11a | Core | 98.4 | 100.0 | 1.5 | 0.19 | 0.01 |
| E256291 | CM23-11a | Core | 100.0 | 101.5 | 1.5 | 0.22 | 0.01 |
| E256292 | CM23-11a | Core | 101.5 | 102.4 | 0.9 | 31.20 | 0.91 |
| E256294 | CM23-11a | Core | 102.4 | 103.0 | 0.6 | 2.03 | 0.06 |
| E256295 | CM23-11a | Core | 103.0 | 104.5 | 1.5 | 0.33 | 0.01 |
| E256296 | CM23-11a | Core | 104.5 | 106.1 | 1.5 | 0.09 | 0.00 |
| E256297 | CM23-11a | Core | 106.1 | 107.6 | 1.5 | 0.18 | 0.01 |
| E256298 | CM23-11a | Core | 107.6 | 109.1 | 1.5 | 5.07 | 0.15 |
| E256299 | CM23-11a | Core | 109.1 | 110.6 | 1.5 | 0.18 | 0.01 |
| E256300 | CM23-11a | Core | 110.6 | 112.2 | 1.5 | 0.36 | 0.01 |
| E256301 | CM23-11a | Core | 112.2 | 113.7 | 1.5 | 0.19 | 0.01 |
| E256303 | CM23-11a | Core | 113.7 | 115.2 | 1.5 | 0.06 | 0.00 |
| E256304 | CM23-11a | Core | 115.2 | 116.6 | 1.4 | 0.01 | 0.00 |
| E256305 | CM23-11a | Core | 116.6 | 118.1 | 1.5 | 1.95 | 0.06 |
| E256306 | CM23-11a | Core | 118.1 | 119.6 | 1.5 | 0.47 | 0.01 |
| E256307 | CM23-11a | Core | 119.6 | 121.2 | 1.5 | 0.13 | 0.00 |
ASX Release 20 July 2023
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Au opt |
|---|---|---|---|---|---|---|---|
| E256308 | CM23-11a | Core | 121.2 | 122.7 | 1.5 | 0.14 | 0.00 |
| E256309 | CM23-11a | Core | 122.7 | 123.5 | 0.9 | 0.22 | 0.01 |
| E256310 | CM23-11a | Core | 123.5 | 125.0 | 1.4 | 0.14 | 0.00 |
| E256311 | CM23-11a | Core | 125.0 | 126.2 | 1.2 | 0.35 | 0.01 |
| E256312 | CM23-11a | Core | 126.2 | 127.7 | 1.5 | 1.29 | 0.04 |
| E256314 | CM23-11a | Core | 127.7 | 129.2 | 1.5 | 0.40 | 0.01 |
| E256315 | CM23-11a | Core | 129.2 | 130.8 | 1.5 | 7.06 | 0.21 |
| E256316 | CM23-11a | Core | 130.8 | 132.2 | 1.4 | 32.90 | 0.96 |
| E256317 | CM23-11a | Core | 132.2 | 133.7 | 1.5 | 2.51 | 0.07 |
| E256318 | CM23-11a | Core | 133.7 | 135.2 | 1.5 | 5.30 | 0.15 |
| E256319 | CM23-11a | Core | 135.2 | 136.8 | 1.6 | 1.80 | 0.05 |
| E256320 | CM23-11a | Core | 136.8 | 138.3 | 1.5 | 10.95 | 0.32 |
| E256322 | CM23-11a | Core | 138.3 | 139.8 | 1.5 | 0.96 | 0.03 |
| E256323 | CM23-11a | Core | 139.8 | 141.3 | 1.5 | 2.85 | 0.08 |
| E256324 | CM23-11a | Core | 141.3 | 142.3 | 0.9 | 0.50 | 0.01 |
| E256325 | CM23-11a | Core | 142.3 | 143.0 | 0.7 | 1.07 | 0.03 |
| E256326 | CM23-11a | Core | 143.0 | 144.4 | 1.4 | 4.48 | 0.13 |
| E256327 | CM23-11a | Core | 144.4 | 145.9 | 1.5 | 2.03 | 0.06 |
| E256328 | CM23-11a | Core | 145.9 | 147.4 | 1.5 | 1.97 | 0.06 |
| E256329 | CM23-11a | Core | 147.4 | 148.9 | 1.5 | 6.07 | 0.18 |
| E256330 | CM23-11a | Core | 148.9 | 150.5 | 1.5 | 0.30 | 0.01 |
| E256331 | CM23-11a | Core | 150.5 | 152.0 | 1.5 | 3.02 | 0.09 |
| E256333 | CM23-11a | Core | 152.0 | 153.2 | 1.2 | 4.19 | 0.12 |
| E256334 | CM23-11a | Core | 153.2 | 154.7 | 1.5 | 1.92 | 0.06 |
| E256335 | CM23-11a | Core | 154.7 | 156.3 | 1.5 | 2.05 | 0.06 |
| E256336 | CM23-11a | Core | 156.3 | 157.8 | 1.5 | 2.17 | 0.06 |
| E256337 | CM23-11a | Core | 157.8 | 159.3 | 1.5 | 0.57 | 0.02 |
| E256338 | CM23-11a | Core | 159.3 | 160.8 | 1.5 | 0.05 | 0.00 |
| E256340 | CM23-11a | Core | 160.8 | 162.4 | 1.5 | 1.99 | 0.06 |
| E256341 | CM23-11a | Core | 162.4 | 163.9 | 1.5 | 0.09 | 0.00 |
| E256342 | CM23-11a | Core | 163.9 | 165.4 | 1.5 | 0.05 | 0.00 |
| E256343 | CM23-11a | Core | 165.4 | 166.9 | 1.5 | 0.05 | 0.00 |
| E256344 | CM23-11a | Core | 166.9 | 168.5 | 1.5 | 0.13 | 0.00 |
| E256345 | CM23-11a | Core | 168.5 | 170.0 | 1.5 | 0.09 | 0.00 |
| E256347 | CM23-11a | Core | 170.0 | 171.5 | 1.5 | 0.27 | 0.01 |
| E256348 | CM23-11a | Core | 171.5 | 173.0 | 1.5 | 0.08 | 0.00 |
| E256349 | CM23-11a | Core | 173.0 | 174.6 | 1.5 | 0.03 | 0.00 |
| E256350 | CM23-11a | Core | 174.6 | 176.1 | 1.5 | 0.09 | 0.00 |
| E256351 | CM23-11a | Core | 176.1 | 177.1 | 1.1 | 0.05 | 0.00 |
| E256352 | CM23-11a | Core | 177.1 | 177.9 | 0.8 | 0.03 | 0.00 |
| E256354 | CM23-11a | Core | 177.9 | 179.3 | 1.4 | 0.04 | 0.00 |
| E256355 | CM23-11a | Core | 179.3 | 180.9 | 1.5 | 0.02 | 0.00 |
| E256356 | CM23-11a | Core | 180.9 | 182.4 | 1.5 | 0.06 | 0.00 |
| E256357 | CM23-11a | Core | 182.4 | 183.9 | 1.5 | 0.02 | 0.00 |
ASX Release 20 July 2023
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Au opt |
|---|---|---|---|---|---|---|---|
| E256358 | CM23-11a | Core | 183.9 | 185.2 | 1.3 | 0.05 | 0.00 |
| E256359 | CM23-11a | Core | 185.2 | 186.7 | 1.5 | 0.04 | 0.00 |
| E256360 | CM23-11a | Core | 186.7 | 188.2 | 1.5 | 0.02 | 0.00 |
| E256361 | CM23-11a | Core | 188.2 | 189.8 | 1.5 | 0.03 | 0.00 |
| E256362 | CM23-11a | Core | 189.8 | 191.3 | 1.5 | 0.15 | 0.00 |
| E256363 | CM23-11a | Core | 191.3 | 192.8 | 1.5 | 0.22 | 0.01 |
| E256365 | CM23-11a | Core | 192.8 | 194.3 | 1.5 | 0.04 | 0.00 |
| E256366 | CM23-11a | Core | 194.3 | 195.9 | 1.5 | 0.16 | 0.00 |
| E256367 | CM23-11a | Core | 195.9 | 197.4 | 1.5 | 0.03 | 0.00 |
| E256368 | CM23-11a | Core | 197.4 | 198.9 | 1.5 | 0.15 | 0.00 |
| E256369 | CM23-11a | Core | 198.9 | 200.4 | 1.5 | 0.08 | 0.00 |
| E256370 | CM23-11a | Core | 200.4 | 202.0 | 1.5 | 0.35 | 0.01 |
| E256371 | CM23-11a | Core | 202.0 | 203.5 | 1.5 | 0.07 | 0.00 |
| E256372 | CM23-11a | Core | 203.5 | 205.0 | 1.5 | 0.05 | 0.00 |
| E256373 | CM23-11a | Core | 205.0 | 206.5 | 1.5 | 0.015 | 0.00 |
| E256375 | CM23-11a | Core | 206.5 | 208.0 | 1.5 | 0.01 | 0.00 |
| E256376 | CM23-11a | Core | 208.0 | 209.6 | 1.5 | 0.07 | 0.00 |
| E256377 | CM23-11a | Core | 209.6 | 211.1 | 1.5 | 0.13 | 0.00 |
| E256378 | CM23-11a | Core | 211.1 | 212.1 | 1.0 | 0.10 | 0.00 |
| E256379 | CM23-11a | Core | 212.1 | 213.0 | 0.9 | 0.05 | 0.00 |
| E256381 | CM23-11a | Core | 213.0 | 214.5 | 1.5 | 0.95 | 0.03 |
| E256382 | CM23-11a | Core | 214.5 | 216.0 | 1.5 | 0.04 | 0.00 |
| E256383 | CM23-11a | Core | 216.0 | 216.9 | 0.9 | 0.05 | 0.00 |
| E256384 | CM23-11a | Core | 216.9 | 217.3 | 0.3 | 0.15 | 0.00 |
| E256385 | CM23-11a | Core | 217.3 | 218.4 | 1.2 | 0.03 | 0.00 |
| E256386 | CM23-11a | Core | 218.4 | 219.4 | 1.0 | 0.01 | 0.00 |
| E256387 | CM23-11a | Core | 219.4 | 220.9 | 1.5 | 0.01 | 0.00 |
| E256388 | CM23-11a | Core | 220.9 | 222.4 | 1.5 | 0.02 | 0.00 |
| E256389 | CM23-11a | Core | 222.4 | 223.6 | 1.2 | 0.015 | 0.00 |
| E256391 | CM23-11a | Core | 223.6 | 224.3 | 0.7 | 0.01 | 0.00 |
| E256392 | CM23-11a | Core | 224.3 | 225.8 | 1.5 | 0.12 | 0.00 |
| E256393 | CM23-11a | Core | 225.8 | 227.4 | 1.5 | 0.08 | 0.00 |
| E256394 | CM23-11a | Core | 227.4 | 228.9 | 1.5 | 0.26 | 0.01 |
| E256395 | CM23-11a | Core | 228.9 | 230.4 | 1.5 | 0.16 | 0.00 |
| E256396 | CM23-11a | Core | 230.4 | 231.9 | 1.5 | 4.63 | 0.14 |
| E256398 | CM23-11a | Core | 231.9 | 233.5 | 1.5 | 3.85 | 0.11 |
| E256399 | CM23-11a | Core | 233.5 | 235.0 | 1.5 | 0.56 | 0.02 |
| E256400 | CM23-11a | Core | 235.0 | 236.5 | 1.5 | 1.83 | 0.05 |
| E256401 | CM23-11a | Core | 236.5 | 238.0 | 1.5 | 0.19 | 0.01 |
| E256402 | CM23-11a | Core | 238.0 | 239.6 | 1.5 | 0.70 | 0.02 |
| E256403 | CM23-11a | Core | 239.6 | 241.1 | 1.5 | 0.37 | 0.01 |
| E256404 | CM23-11a | Core | 241.1 | 242.6 | 1.5 | 0.78 | 0.02 |
| E256405 | CM23-11a | Core | 242.6 | 243.8 | 1.2 | 0.22 | 0.01 |
| E256407 | CM23-11a | Core | 243.8 | 244.7 | 0.9 | 0.13 | 0.00 |
ASX Release 20 July 2023
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Au opt |
|---|---|---|---|---|---|---|---|
| E256408 | CM23-11a | Core | 244.7 | 245.3 | 0.6 | 0.05 | 0.00 |
| E256409 | CM23-11a | Core | 245.3 | 246.8 | 1.5 | 0.04 | 0.00 |
| E256410 | CM23-11a | Core | 246.8 | 248.2 | 1.4 | 0.16 | 0.00 |
| E256411 | CM23-11a | Core | 252.3 | 253.5 | 1.2 | 1.22 | 0.04 |
ASX Release 20 July 2023
JORC Code, 2012 Edition – Table 1 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 | • As of 15/07/2023, the Colosseum Mine, Colosseum |
| techniques | sampling (eg cut channels, | Rare Metals, INC. has completed 802.7 metres of |
| random chips, or specific | drilling in 4 drill holes. All of the drilling was done | |
| specialised industry standard | from surface with a diamond drill core. Industry | |
| measurement tools | standard core handling and sampling procedures | |
| appropriate to the minerals | were employed to ensure high quality samples. | |
| under investigation, such as | • Core sample boundaries were defined by changes in | |
| down hole gamma sondes, or | lithology, alteration, and mineralisation noted in | |
| handheld XRF instruments, | logging. | |
| etc). These examples should | • Collar to toe assays were taken and sent to labs for | |
| not be taken as limiting the | analysis. | |
| broad meaning of sampling. | • Core was cut along the long axis leaving half for assay | |
| • Include reference to measures | and half to be stored in cardboard core boxes. | |
| taken to ensure sample |
• Samples from drill holes were sent to ALS Global and | |
| representivity and the |
Paragon Geochemical in Reno, Nevada for sample | |
| appropriate calibration of any | preparation and assay. Samples were dried, | |
| measurement tools or |
weighed, crushed and split to obtain 250 gm. | |
| systems used. | Samples were placed in ring and puck grinder to | |
| • Aspects of the determination | produce 85% minus 75-micron pulp. This material | |
| of mineralisation that are | was blended on clean cloth and packaged in paper | |
| Material to the Public Report. | pulp bags. Using a pulp balance, a 30-gm sample was | |
| • In cases where ‘industry | weighted out for traditional fire assay. Samples were | |
| standard’ work has been done | analyzed using standard fire assay for gold. Over | |
| this would be relatively simple | limits were analyzed via gravimetric analysis. | |
| (eg ‘reverse circulation drilling | • All samples followed a strict Chain of Custody. | |
| was used to obtain 1 m | • Routine QAQC samples were inserted in the sample | |
| samples from which 3 kg was | runs at a rate of 20%, comprising Certified Reference | |
| pulverised to produce a 30 g | Materials from CDN Resource Laboratories Ltd., and | |
| charge for fire assay’). In | verified blank granitic material. | |
| other cases more explanation | • Sampling practice is appropriate to the geology and | |
| may be required, such as | mineralisation of the deposit and complies with | |
| where there is coarse gold | industry best practice. | |
| that has inherent sampling | ||
| problems. Unusual | ||
| commodities or | ||
| mineralisation types (eg | ||
| submarine nodules) may | ||
| warrant disclosure of detailed | ||
| information. | ||
| Drilling | • Drill type (eg core, reverse | • The drilling program utilizes surface core drilling. |
| techniques | circulation, open-hole | • The core drilling is being conducted with an Everdigm |
| hammer, rotary air blast, | cat 4 drill with HQTT core tooling. Triple tubes were | |
| auger, Bangka, sonic, etc) | used for the for all holes to increase recoveries. The | |
| and details (eg core | drilling has been completed by an experienced | |
| diameter, triple or standard | diamond drilling core driller. | |
| tube, depth of diamond tails, | ||
| face-sampling bit or other | ||
| type, whether core is | ||
| oriented and if so, by what | ||
| method, etc). |
ASX Release 20 July 2023
| Criteria | JORC Code explanation | Commentary |
| Drill sample | • Method of recording and | • All drilling recoveries have been logged and |
| recovery | assessing core and chip sample | notated each run based on 3.05-meter tooling. |
| recoveries and results assessed. | • To maximize sample recoveries, use of triple | |
| • Measures taken to | tube and long chain polymer muds were used | |
| maximise sample | to increase recovery. | |
| recovery and ensure | • There has been no analysis between sample | |
| representative | recoveries and grade to date. | |
| nature of the | ||
| samples. | ||
| • Whether a relationship exists | ||
| between sample recovery | ||
| and grade and whether | ||
| sample bias may have | ||
| occurred due to preferential | ||
| loss/gain of fine/coarse | ||
| material. | ||
| Logging | • Whether core and chip | • Core samples were geologically logged. Lithology, |
| samples have been | veining, alteration, mineralisation, and weathering are | |
| geologically and | recorded in the appropriate tables of the drill hole | |
| geotechnically logged to | database. | |
| a level of detail to | • Each core box was photographed dry and wet, after | |
| support appropriate | logging of unit and structures were notated on the | |
| Mineral Resource | core. | |
| estimation, mining | • Core was cut along the long axis using a diamond saw, | |
| studies and metallurgical | half-core was sampled, and half stored for reference. | |
| studies. | • Geological logging of core samples is | |
| • Whether logging is | qualitative and quantitative in nature. | |
| qualitative or | ||
| quantitative in nature. | ||
| Core (or costean, channel, | ||
| etc) photography. | ||
| • The total length and percentage | ||
| of the relevant intersections | ||
| logged. | ||
| Sub-sampling | • If core, whether cut or | • All drill core samples were cut along the long axis. The |
| techniques and | sawn and whether | left side when looking down hole was sampled. |
| sample | quarter, half or all core | Samples were placed in a heavy-duty poly sample bag. |
| preparation | taken. | Each core sample placed in heavy duty poly sample |
| • If non-core, whether | bag, noted interval width in sample book, with a | |
| riffled, tube sampled, | sample tag with the corresponding sample number | |
| rotary split, etc and | placed in the bag with the other tag stapled to the top | |
| whether sampled wet | of the bag. Sample bags were stapled along the top. | |
| or dry. | Samples were sent by freight to ALS Global, or Paragon | |
| • For all sample types, | Geochemical in Reno, Nevada. | |
| the nature, quality and | • Routine QAQC samples were inserted at a 20% rate | |
| appropriateness of the | into the sample batches and comprised Certified | |
| sample preparation | Reference Materials (CRMs) from CDN Resource | |
| technique. | Laboratories Ltd. and verified blank granitic material. | |
| • Quality control procedures | • Rock samples sent to ALS Laboratories and Paragon | |
| adopted for all sub- | Geochemical were dried, weighed, crushed, and split, | |
| sampling stages to | with a split pulverized to better than 85% passing 75 | |
| maximise representivity of | microns. Samples were analyzed for trace elements | |
| samples. | using 4-acid digestion. Additionally, rocks samples | |
| • Measures taken to ensure that | were analyzed by standard 30gm fire assay for gold | |
| the sampling is representative | and silver. | |
| of the in situ material collected, | • Sample size assessment was not conducted but used |
ASX Release 20 July 2023
| Criteria | JORC Code explanation | Commentary | |
| including for instance results for | sampling size which is typical for gold deposits. | ||
| field duplicate/second-half | |||
| sampling. | |||
| • Whether sample sizes are | |||
| appropriate to the grain size of | |||
| the material being sampled. | |||
| Quality of | • The nature, quality and | • Samples were assayed by industry standard methods | |
| assay data | appropriateness of the | by ALS Global Laboratories, and Paragon | |
| and | assaying and laboratory | Geochemical, in Reno, Nevada. | |
| laboratory | procedures used and whether | • Fire assays for gold were completed using | |
| tests | the technique is considered | industry standard fire assay methodology. | |
| partial or total. | • External certified standards and blank material were | ||
| • For geophysical tools, | added to the sample submission. | ||
| spectrometers, handheld XRF | |||
| instruments, etc, the | |||
| parameters used in determining | |||
| the analysis including | |||
| instrument make and model, | |||
| reading times, calibrations | |||
| factors applied and their | |||
| derivation, etc. | |||
| • Nature of quality control | |||
| procedures adopted (eg | |||
| standards, blanks, duplicates, | |||
| external laboratory checks) and | |||
| whether acceptable levels of | |||
| accuracy (ie lack of bias) and | |||
| precision have been established. | |||
| Verification | of | • The verification of significant | • Sampling, documentation, and sample submittal were |
| sampling | and | intersections by either | under the guidance and care of Graham Craig, GIT |
| assaying | independent or alternative | (Association of Professional Engineers and Geoscientists | |
| company personnel. | of Manitoba). | ||
| • The use of twinned holes. | • Drilling, sample, and assay data is currently stored | ||
| • Documentation of | in MX Deposit, a secured data management | ||
| primary data, data | system through Seequent. | ||
| entry procedures, | |||
| data verification, | |||
| data storage | |||
| (physical and | |||
| electronic) protocols. | |||
| • Discuss any adjustment to assay | |||
| data. | |||
| Location of | • Accuracy and quality of surveys | • All drill hole collars are surveyed using differential GPS | |
| data points | used to locate drill holes (collar | survey equipment. The positions are accurate to within | |
| and down-hole surveys), | 10 cm x-y and height (z) to +/- 20 cm. | ||
| trenches, mine workings and | • The holes are surveyed in UTM WGS 84 coordinate | ||
| other locations used in Mineral | system. | ||
| Resource estimation. | • Down hole surveys will be done using a Reflex EZ- | ||
| • Specification of the grid system | TRAC magnetic downhole survey tool on all diamond | ||
| used. | drill holes. With collars surveyed using Reflex TN-14 | ||
| • Quality and adequacy of | Azi-Aligner. | ||
| topographic control. | • Sample locations were surveyed using UTM WGS 84 | ||
| coordinate system. |
ASX Release 20 July 2023
| Criteria | JORC Code explanation | Commentary |
| Data spacing | • Data spacing for reporting of | • The spacing and location of data is currently 5-15 |
| and | Exploration Results. | meter spacing according to previous Mineral |
| distribution | • Whether the data spacing, and | Resource estimation completed by Barbara Carroll, |
| distribution is sufficient to | CPG (American Institute of Professional Geologists) | |
| establish the degree of | of GeoGRAFX Consulting, LLC. | |
| geological and grade continuity | • No sample compositing has been applied at this time. | |
| appropriate for the Mineral | ||
| Resource and Ore Reserve | ||
| estimation procedure(s) and | ||
| classifications applied. | ||
| • Whether sample compositing has | ||
| been applied. | ||
| Orientation of | • Whether the orientation of | • Drill holes are planned to be drilled along strike due to |
| data in relation | sampling achieves unbiased | limited areas available to drill from. Definition of |
| to geological | sampling of possible structures | structure location is the principal goal. |
| structure | and the extent to which this is | • Sample orientation is deemed to be |
| known, considering the deposit | representative for reporting purposes. | |
| type. | • No bias is considered to have been introduced by | |
| • If the relationship between | the existing sampling orientation. | |
| the drilling orientation and | ||
| the orientation of key | ||
| mineralised structures is | ||
| considered to have introduced | ||
| a sampling bias, this should | ||
| be assessed and reported if | ||
| material. | ||
| Sample | • The measures taken to ensure | • All samples were taken and maintained under the |
| security | sample security. | constant care of Colosseum Rare Metals, INC. |
| personnel. Samples were delivered to laboratories | ||
| by a licensed transportation company. | ||
| Audits or | • The results of any audits or | • Drill hole sampling techniques and QAQC |
| reviews | reviews of sampling techniques | procedures have been developed and reviewed by |
| and data. | 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. | ||
| • Mineral resource estimations and JORC 2022 completed | ||
| by Barbara Carroll, CPG. |
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 | • The Colosseum Mine project is located in T17N R13E |
| tenement and | name/number, location and | Sec 10, 11, 14, 15, 22, 23 SB&M. |
| land tenure status |
ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding |
• All tenements are 100% owned by Dateline Resources Limited or a wholly owned subsidiary and there exist production-based royalties as previously disclosed to ASX. |
| royalties, native title | ||
| interests, historical sites, | ||
| wilderness or national park |
ASX Release 20 July 2023
| Criteria | JORC Code explanation | Commentary | ||
| 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 done | • Acknowledgment and appraisal | • Historical work has been completed by various mining | ||
| by other parties | of exploration by other parties. | companies since 1972. | ||
| Draco Mines (1972-1974) | ||||
| Placer Amex (1975-1976) | ||||
| Draco Mines (1980) | ||||
| Amselco (1982-1984 | ||||
| Dallhold Resources/Bond Gold (1986-1989 | ||||
| Lac Minerals (1989-1994) | ||||
| • All the companies were reputable, well-known | ||||
| mining/exploration companies that followed the | ||||
| accepted industry standard protocols of the time. | ||||
| • Review of this work was completed by GeoGRAFX | ||||
| Consulting, LLC in 2022. | ||||
| • All previous work undertaken by others is non-JORC | ||||
| compliant. | ||||
| Geology | • Deposit type, geological setting | • The Colosseum mine is hosted by Cretaceous aged | ||
| and style of mineralisation. | breccia-pipe. The pipe contains aphanitic Cretaceous | |||
| rhyolite flows, Pre-Cambrian granitic basement | ||||
| material, and Cambrian-Devonian dolomite clasts | ||||
| replaced by sulphide mineralisation. | ||||
| • The gold mineralisation occurs in brecciated felsite | ||||
| and sediment clast replaced by sulphides. | ||||
| Drill hole | • A summary of all information | • See Table 1 within this report for details of the | ||
| Information | material to the understanding | drill holes and sample locations. | ||
| of the exploration 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. |
ASX Release 20 July 2023
| Criteria | JORC Code explanation | Commentary | |||
| Data | • In reporting Exploration Results, | • Drill hole intersections are reported above a | |||
| aggregation | weighting averaging | lower exploration cut-off grade of 0.1 g/T Au | |||
| methods | techniques, maximum and/or | and no upper cut off grade has been applied. | |||
| minimum grade truncations | (eg | ||||
| cutting of high grades) and cut- | |||||
| off grades are usually Material | |||||
| and should be stated. | |||||
| • Where aggregate intercepts | |||||
| incorporate short lengths of | |||||
| high-grade results and longer | |||||
| lengths of low grade results, | |||||
| the procedure used for such | |||||
| aggregation should be stated | |||||
| and some typical examples of | |||||
| such aggregations should be | |||||
| shown in detail. | |||||
| • The assumptions used for | |||||
| any reporting of metal | |||||
| equivalent values should be | |||||
| clearly stated. | |||||
| Relationship | • These relationships are | • Drill holes are orientated along | |||
| between | particularly important in | apparent strike of the breccia pipe due | |||
| mineralisation | the reporting of | to limited drill pad locations. | |||
| widths and | Exploration Results. | • Interception angles of the mineralised | |||
| intercept lengths | • If the geometry of the | structures are estimated using core | |||
| mineralisation with | drilling intercepts and existing 3D | ||||
| respect to the drill hole | models of the pipe orientation. | ||||
| angle is known, its nature | |||||
| should be reported. | |||||
| • If it is not known and only | the | ||||
| down hole lengths |
are | ||||
| reported, there should be a | |||||
| clear statement to this effect | |||||
| (eg ‘down hole length, true | |||||
| width not known’). | |||||
| Diagrams | • Appropriate maps and | • Supporting figures have been included within the body | |||
| sections (with scales) and | of this release. | ||||
| 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 | • Representative reporting of both low and high grades | |||
| reporting | reporting of all Exploration | and/or widths have been reported. | |||
| Results is not practicable, | |||||
| representative reporting of | |||||
| both low and high grades | |||||
| and/or widths should be | |||||
| practiced avoiding | |||||
| misleading reporting of | |||||
| Exploration Results. |
ASX Release 20 July 2023
| Criteria | JORC Code explanation | Commentary | ||
| Other | • Other exploration data, if | |||
| substantive | meaningful and material, should | |||
| exploration | be reported including (but not | |||
| data | limited to): geological | |||
| observations; geophysical survey | ||||
| results; geochemical survey | ||||
| results; bulk samples – size and | ||||
| method of treatment; | ||||
| metallurgical test results; bulk | ||||
| density, groundwater, | ||||
| geotechnical and rock | ||||
| characteristics; potential | ||||
| deleterious or contaminating | ||||
| substances. | ||||
| Further work | • The nature and scale of | • At Colosseum, future work will include expanded | ||
| planned further work (eg | drilling between the North and South pits, mapping, | |||
| tests for lateral extensions | and sampling of open pit benches; as well as infill and | |||
| or depth extensions or | expanded surface soil geochemistry, geological | |||
| large-scale step-out | mapping, and geophysics. | |||
| 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. |