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DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2017
Apr 27, 2017
64793_rns_2017-04-27_d2f6f1cf-6da3-409a-b897-c9827a422c22.pdf
Interim / Quarterly Report
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QUARTERLY ACTIVITIES REPORT As at 31 March 2017
Dateline Resources Limited (“the Company” or “Dateline” or “DTR”) is pleased to present its Activities Report for the Quarter ended 31 March, 2017
Tenement Schedule
| enement Schedule | |||
|---|---|---|---|
| Project | **Number ** | Ownership | **Location ** |
| Udu | SPL1387 | 100% | Fiji |
| Udu | SPL1396 | 100% | Fiji |
| Udu | SPL 1506 | 100% | Fiji |
| Udu | SPL 1507 | 100% | Fiji |
| MtAugustus | E09/2030 | 100% | Western Australia |
| Mt Augustus | E09/2031 | 100% | Western Australia |
| Mt Augustus | E09/2035 | 100% | Western Australia |
| Mt Augustus | E09/2117 | 100% | Western Australia |
| Mt Augustus | E09/2118 | 100% | Western Australia |
| GoldLinksMine | 34 Patented Claims | 100% | Colorado USA |
| Gold Links Mine | 20 Unpatented Claims | 100% | Colorado USA |
Gold Links Project
Dateline completed a channel and grab sample program along a combined 70 metre interval of the Upper Gold Links and Sacramento zones at the Gold Links Mine. Samples were assayed by Hazen Research, Inc of Colorado. Assay results confirm the mine contains high grade gold and silver mineralisation, consistent with historical data.
Channel sampling at the Upper Gold Links zone returned average grades of 22.75 g/t Au and g/t Ag over a 30 metre interval (~100ft).
The results from the sampling program gives Dateline confidence that the strategy outlined in the announcement of February 14, 2017, is sound. Dateline expects to commence initial smallscale gold production aimed to deliver positive cash flow from the Upper Gold Links zone followed by the Sacramento zone.
Sampling, documentation and sample submittal were under the guidance and care of Robert M. Perkins, certified professional geologist, CPG #11881 (American Institute of Professional Geologists).
Udu Project
During the Quarter, Dateline was successful in converting prospecting applications CX814 and CX815 into approved prospecting licenses SPL1506 and SPL1507 respectively.
Dateline Resources Limited (ACN 149 105 653) Po Box 553 South Hurtsville NSW 2221
www.datelineresources.com.au [email protected]
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Corporate
On 6 February 2017,Dateline Resources Limited (Dateline) announced that it had reached agreement with Gleneagles Securities (Aust) Pty Ltd (Gleneagles) for the issuance of 33,333,333 fully paid ordinary shares in Dateline (Shares), representing 8.32% of Dateline’s issued capital following completion of the placement, at an issue price of $0.03 per Share. The shares were issued to private clients (sophisticated investors) of Gleneagles.
The placement raised $1,000,000 for working capital purposes.
The placement did not need shareholder approval. The shares were issued without shareholder approval under Dateline’s capacity under listing rule 7.1.
There were no other acquisitions or disposals of any interests in any of the Company's existing projects during the quarter. Directors continue to investigate opportunities to participate in joint ventures and acquire projects in Australia and overseas.
About Dateline Resources Limited:
Dateline Resources Limited is an Australian-based mineral exploration company with existing exploration projects in Australia and the Republic of Fiji and mining permits in Colorado USA.
For more information, visit .www.datelineresources.com.au
John Smith Company Secretary Ph : +61 2 8231 6640 Fax +61 2 8231 6487 Email : [email protected]
Dateline Resources Limited (ACN 149 105 653) Po Box 553 South Hurtsville NSW 2221