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DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2017
Jan 30, 2017
64793_rns_2017-01-30_6ed55551-c89b-4e90-b0b2-e70b071b6899.pdf
Interim / Quarterly Report
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QUARTERLY ACTIVITIES REPORT As at 31 December 2016
Dateline Resources Limited (“the Company” or “Dateline” or “DTR”) is pleased to present its Activities Report for the Quarter ended 31 December, 2016
Tenement Schedule
| enement Schedule | |||
|---|---|---|---|
| Project | **Number ** | Ownership | **Location ** |
| Udu | SPL1387 | 100% | Fiji |
| Udu | SPL1396 | 100% | Fiji |
| Udu | CX814 | Application 100% | Fiji |
| Udu | CX815 | Application 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
The following activities were completed at the Gold Links project during the December quarter
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Digitized the geological structures and historical maps
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Applied for two new permits which when granted will enable the company to extract a total of 210,000tpa from the approved permitted areas.
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Applied for change of Mine Operator to the department of Mine Safety and Health Administration (MSHA). This application is progressing and when obtained will enable the company to proceed with its planned underground drilling program
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Drilled a surface hole to a depth of approximately 550 feet (167metres) to confirm the tenor and the continuity of the 2150 vein. We are awaiting assay results.
Corporate
At the Company’s Annual General Meeting held on November 30 2016, DTR put several resolutions to it’s shareholders concerning the acquisition of Gunnison Gold Pty Ltd (Gunnison) from Southern Cross Exploration Limited (ASX: SXX). Gunnison had entered into agreements to acquire 100% ownership of CRG Mining LLC (which owns the permitted Gold Links Mine in Colorado) and 100% of SLV Minerals LLC (which owns a nominally 50 tonne-per day (tpd) ore processing mill located on 17 acres (6 hectares) of freehold land in Colorado). All of the resolutions were approved by shareholders.
Dateline Resources Limited (ACN 149 105 653) Po Box 553 South Hurtsville NSW 2221
www.datelineresources.com.au [email protected]
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The shareholder approved resolutions saw the company issue 265,862,055 shares at $0.01 to new and existing shareholders. Dateline’s issued capital now totals 367,162,471. There were also issued 35,000,000 options with an exercise price of $0.04 per share and an expiry date of 31 October 2019. The capital raised has allowed DTR to significantly repair it Balance Sheet with the retirement of approximately $560,000 in debt and provided the company with additional working capital.
The company has also entered into an agreement to acquire the Sooner Lucky Strike Mine and Mill located approximately 50km away from the Gold Links Mine in Colorado
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