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DATELINE RESOURCES LIMITED Interim / Quarterly Report 2020

Jul 30, 2020

64793_rns_2020-07-30_a07c018f-243e-4dac-b43b-790acc7d87b2.pdf

Interim / Quarterly Report

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June 2020 Quarterly Report

ASX Release 31 July 2020

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DATELINERESOURCES LIMITED

(ACN149105653) ASX Code:DTR

CAPITALSTRUCTURE

Share Price (30/07/20)$0.002 Shares on issue 8,210million Market Cap $16.4million UnlistedOptions 10million

MAJORSHAREHOLDERS

Southern Cross ExplorationNL 32.5% Mr. Mark JohnsonAO 19.6% National NomineesLtd 15.4%

DIRECTORS & MANAGEMENT

Mark JohnsonAO Chairman

Stephen Baghdadi ManagingDirector

GregHall Non-ExecutiveDirector

Tony Ferguson Non-Executive Director

Dateline Resources Limited (ASX:DTR) (“Dateline” or the “Company”), provides this Activities Report for the three-month period ending 30 June 2020.

Impacts of Covid-19

During the June quarter, the company limited its field activities to surface mapping and general maintenance and compliance related tasks. This was done in direct response to the prevailing Covid-19 situation in the USA.

Notwithstanding the reduced field work, the company was able to commence detailed field mapping at the Gold Links project and undertake a desktop review of its previous 15 months field work.

Gold Links– Colorado USA 100% owned

The Company commenced an extensive desktop review of the previous 15 months field work on both its 100% owned Gold Links and Green Mountain projects. The objective of the review is to

  • Better understand the geological conditions that create high-grade shoots within the Gold Links veins

  • Finalise the geological modelling of the drill defined mineralised shoots of the 2150 vein

  • Plan the next stage of exploration and potential resource definition at both Green Mountain and Gold Links

Gold Links – Surface mapping

John Smith CompanySecretary

CONTACT John Smith Phone:+612 93752353 PostalAddress:P.O.Box 553 South Hurstville NSW2221 Email:[email protected]

The company commence a comprehensive surface mapping program across the entire Gold Links project. The objective of the program is to build on known data compiled during the 1980’s and to identify likely drill targets that could be either new veins or surface expressions on known underground veins

A number of follow up targets have been identified and the mapping will be completed during the September quarter

To date a total of 80 samples have been collected and dispatched to ALS for analysis.

ASX Release 31 July 2020

For more information, please contact:

John Smith

CFO / Company Secretary +61 2 9375 2353

www.datelineresources.com.au

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in Colorado, United States of America. The Company owns 100% of the Gold Links projectwhich is located in Gunnison County

The Gold Links is comprised of several contiguous historic gold mines that have been consolidated by the company. Gold Links has produced up to 150,000 oz of highgrade gold (see ASXannouncement of 8 February2019)

Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. Well documented records indicate that there are large areas that remain untested at surface and little to no exploration has been done below the valleyfloor.

Dateline also owns the Green Mountain project that hosts the Lucky Strike and Mineral Hill permitted gold properties and has recommissioned a gold processing plant located at the Lucky Strike Mine. The Gold Links and the Lucky Strike are located approximately 50km apart.

Competent Person’s Statement

Exploration information in this announcement is based upon work reviewed reviewed by Mr Gregory Hall who is a Chartered Professional of Australasian Institute of Mining and Metallurgy (CP-IMM) and undertaken by Mr Allen David V. Heyl who is a Certified Professional Geologist of the American Institute of Professional Geologists (AIPG) and by Dahrouge Geological consultants. Mr Gregory Hall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr Gregory Hall is a non-executive Director of Dateline Resources Ltd and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Forward Looking Statement s

This Announcement is provided on the basis that neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Announcement and nothing contained in the Announcement is, or may be relied upon as a promise, representationor warranty,whetheras to the past or the future. The Companyhereby excludes all warrantiesthat can be excluded by law. The Announcementcontains material which is predictive in nature and may be affected by inaccurate assumptions or by known and unknown risks and uncertainties and may differ materially from results ultimatelyachieved.

The Announcement contains “forward-looking statements”. All statements other than those of historical facts included in the Announcement are forward-looking statements including estimates of Mineral Resources. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, copper, gold and othermetals price volatility,currencyfluctuations,increased productioncosts and variancesin ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to any “forward-looking statement” to reflect events or circumstances after the date of the Announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicablesecurities laws. All persons shouldconsiderseeking appropriateprofessionaladvicein reviewing the Announcementand all otherinformation with respect to the Companyand evaluatingthe business, financialperformanceand operationsof the Company.

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ASX Release 31 July 2020
Sacramento
Adit
Raymond
Reynolds Adit
Carter
Adit
Adit
Gold Links North Gold Links Centre Gold Links South
This image is intended as a guide only and is not a surveyed map of our true boundaries
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Gold Links Northincludes Gold Links Centre includes Gold Links Southincludes
Sacramento Adit RaymondAdit Carter Adit
Sacramento vein 600vein 100vein
950vein 300vein
Reynolds Adit 1100vein 800vein
1200vein 1200vein 1320vein
1740vein 1700vein 1440vein
2100vein 1800vein 1480vein
2150vein 1825vein 1550vein
2200vein 2457vein 1925vein
2600vein 3300vein 2385vein
2800vein Jessie vein 2500vein
3300vein Gold Monument vein 2835vein
Maggie Mitchell vein 3040vein
Dateline discovered Volunteer vein 3131vein
Hill vein Upper Raymondvein 3640vein
West vein 3750vein
Veins starting with digits represent the number of feet from the start of
the portal and were discovered and mapped from insidethe adit
4085vein
4778vein
4868vein
Veins that don't start with digits were discovered from surface outcrops 4883vein
6300vein
Farleyvein
Only the 2150vein has been drilled below the valley floor Grand Prize vein
Volunteer vein
Chloride vein

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