Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DATELINE RESOURCES LIMITED Interim / Quarterly Report 2019

Jan 30, 2020

64793_rns_2020-01-30_274dd6b5-c1a5-4fcd-a3a9-b40d3327e9f8.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

ASX Release 31 January 2020

December 2019 Quarterly Report

==> picture [73 x 73] intentionally omitted <==

DATELINERESOURCES LIMITED

(ACN149105653) ASX Code:DTR

CAPITALSTRUCTURE

Share Price (31/01/20)$0.002 Shares on issue 8,210 million Market Cap $16.4 million UnlistedOptions 10million

MAJORSHAREHOLDERS

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

Dateline Resources Limited (ASX:DTR) (“Dateline” or the “Company”), is pleased to provide this Activities Report for the three-month period ending 31 December2019.

The December quarter was used to conduct additional drilling at Gold Links and consolidate the data obtained from the drilling program to establish a solid basis from which to conduct additional exploration. The company also conducted a first pass exploration program at Green Mountain and has developed a pipeline of targets some of which will be followed up in the current Quarter.

Gold Links drilling program:

During the quarter, the Company completed 1,942 metres of RC and core drilling for 14 holes targeting the Sacramento, 2150 and West vein.

Notable intercepts are:

West vein:

  • 0.98m at 30.2g/t Au and 61g/t Ag

Sacramento vein

DIRECTORS & MANAGEMENT

Mark JohnsonAO Chairman

Stephen Baghdadi ManagingDirector

GregHall Non-ExecutiveDirector

Tony Ferguson Non-Executive Director

John Smith CompanySecretary

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

  • SAC17 – 3.0m at 3.36g/t Au and 36.45g/t Ag.

  • SAC18 – 3.0m at 6.08g/t Au and 32.45g/t Ag.

  • SAC20 – 1.5m at 4.59g/t Au and 27.1g/t Ag

The West vein

The West vein was intersected in eight RC drill holes that were intended as pre-collars for holes targeting the 2150 vein. A single follow up hole using a core drill from surface returned the following notable intersection.

  • 0.98m at 30.2g/t Au and 61g/t Ag

==> picture [392 x 287] intentionally omitted <==

Figure 1: Cross section view of West vein location in relation to 2150 vein

ASX Release 31 January 2020

2150 Vein:

During the December quarter, five drill holes targeting the 2150 vein were pre-collared using an RC drill. The core drill was only able to enter into two pre-collars before the program had to be suspended due to weather and safety concerns

There remain four holes to complete at the 2150 vein. Eight of the nine holes completed have intersected the 2150 vein

Sacramento Vein:

In the December Quarter, nine RC holes were drilled into the Sacramento vein for a total of 925 metres. Notable intersections are

  • SAC17 – 3.0m at 3.36g/t Au and 36.45g/t Ag.

  • SAC18 – 3.0m at 6.08g/t Au and 32.45g/t Ag.

  • SAC20 – 1.5m at 4.59g/t Au and 27.1g/t Ag

The 2019 surface drilling program at Gold Links has confirmed the down dip extension of both the Sacramento and 2150 veins and identified two new veins. The Company was able to consistently intersect mineralisation and has been able to identify two mineralised envelopes below the old workings.

Holes GL10, GL11, GL12 and GL13 are incomplete.

==> picture [536 x 228] intentionally omitted <==

Figure 2: Holes drilled towards the Sacramento and 2150 veins

Gold Links – Centre and South

Approval was received from the Colorado Division of Reclamation and Safety to conduct surface exploration work and open up five portals that lead into the Raymond and Carter mines. This is the first step in considering an application for mining. Further information will be provided to the market about permitting these properties as it becomes available.

==> picture [74 x 73] intentionally omitted <==

2 | ASXRelease 31January 2020

ASX Release 31 January 2020

Green Mountain – (Lucky Strike and Mineral Hill tenements)

During the December Quarter the company completed the following work at Green Mountain

  • Increased the tenement footprint from to 477 acres to 1484 acres. The property now includes over 5km of mapped porphyry dyke

  • Comprehensively mapped the surface Geology of the tenements

  • Collected approximately 550 Rock and Soil samples for Geochemistry analysis

  • Undertook a ground magnetic survey

  • Developed a magnetic susceptibility model and,

  • Analysed the assay results of the Rock and Soil Geochemistry program

Increased land package

The Company initiated a surface mapping program in in the December quarter, 2019 and identified a larger surface area that is prospective for Gold and Silver. As a result of the mapping, Dateline increased its footprint at Green Mountain to 1484 acres to be 6.8km long from the NW to the SE corner which includes a mineralised porphyry dyke that extends for over 5km of strike length within the property boundary.

==> picture [536 x 429] intentionally omitted <==

Figure 3: Tenement boundary map

==> picture [73 x 73] intentionally omitted <==

3 | ASXRelease 31January 2020

ASX Release 31 January 2020

Green Mountain - Magnetics

A ground magnetic survey was carried out in the Lucky Strike – Mineral Hill area at Green Mountain to assist with mapping amphibolite bodies (the preferred host rock for the Lucky Strike veins).

A prominent magnetic anomaly is modelled coincident with mapped amphibolite at Lucky Strike mine. The magnetic susceptibility model shows an amphibolite body significantly larger than indicated by surface mapping. The Lucky Strike mine lies near the northern (local grid) end of the modelled amphibolite. The amphibolite body plunges shallowly toward the south-east.

==> picture [549 x 470] intentionally omitted <==

==> picture [74 x 73] intentionally omitted <==

4 | ASXRelease 31January 2020

ASX Release 31 January 2020

Green Mountain

Dateline undertook a first pass soil sampling program during the period with approximately 550 soil and rock samples taken from Green Mountain district of Gunnison and Saguache Counties in Colorado.

==> picture [555 x 360] intentionally omitted <==

Figure 5: Soil and ground magnetic grid lines

ALS Geochemistry returned the assay results for the collected samples in the December quarter. Analysis of the samples highlight a 3km anomalous target that parallels a mapped porphyry dyke.

Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au Green Mountain Rock chip sample Assays above 0.5g/t Au
ID Area Source Sample
Type
Litholigy UTM_E_m UTM_N_m UTM_Elv Au_ppm Ag_ppm
LS19-006 Green Mountain Rock Grab MR 339028.701 4254602.14 2800.023 3.75 0.25
LS19-011 Green Mountain Rock Channel QtzVein 338952.779 4254448.01 2787.516 1.91 0.53
LS19-015 Green Mountain Rock Channel MS 338952.779 4254448.01 2787.516 0.647 0.25
LS19-017 Green Mountain Rock Grab MS 338899.377 4254520.13 2767.949 0.567 0.28
LS19-018 Green Mountain Rock Grab Qtz Vein 338899.377 4254520.13 2767.949 5.22 1.03
LS19-020 Green Mountain Rock Grab QtzVein 339042.956 4254253.92 2808.295 6.33 2
LS19-022 Green Mountain Rock Grab MS 339217.504 4254265.09 2833.856 1.255 0.4
LS19-046 Green Mountain Rock Grab QtzVein 338278.666 4255161.84 2811.378 0.583 3.21

==> picture [74 x 74] intentionally omitted <==

5 | ASXRelease 31January 2020

ASX Release 31 January 2020

==> picture [272 x 176] intentionally omitted <==

Green Mountain – Soil Geochemistry

  • W-Au-As-Sb pattern defines a 3km long gold system

  • Anomaly coincident with a porphyry dyke

==> picture [269 x 175] intentionally omitted <==

  • The south-eastern end has a

  • distinct W anomaly (closer to a hot porphyry source)

  • The north-western end has a distinct Sb anomaly (distal to the porphyry source)

  • Elevated gold values extend throughout the system

==> picture [272 x 167] intentionally omitted <==

Figure 6: Metal zonation map of a gold system

==> picture [208 x 195] intentionally omitted <==

==> picture [272 x 170] intentionally omitted <==

==> picture [73 x 73] intentionally omitted <==

Figure 7: Mapped Soil Geochem results

==> picture [475 x 4] intentionally omitted <==

6| ASX Release 31 January 2020

ASX Release 31 January 2020

Further explorationinitiatives:

Geophysics

Early stage core property testing shows that veins usually have a strong IP response (>50 msec) and that most wall rocks have a low IP response (<15 msec). While there is some overlap, the segregation of results is promising in that it at appears to distinguishbetween the mineralized vein and the barren wall rock.

Logging of the longer holes has identified very significantly changed rock types. Further relogging was completed in the December Quarter and that information is currently being used to create a geologic model to assess the IP, Gravity and Vertical seismic response to determine if any of these tools are viable for improved drill targeting.

Operations at Udu Project – Fiji:

Management advises that metallurgical test work at the Udu polymetallic project in Fiji is ongoing. The project contains a JORC compliant inferred resource estimate of 4.53 million tonnes averaging 3.9% Zn, 1.2% Cu, 0.14% Pb, 0.26g/t Au, 29g/t Ag and 635ppm As using a 0.5% Zn cutoff.

Results from test work are expected is ongoing and expected to be finalised in the March Quarter 2020. Board and management have determined to spend the minimum amount required to retain ownership of the project and actively pursue a joint venture or farm in partner.

Corporate:

The Company expended $1,741m during the current quarter, predominately on exploration activities with corporate costs remaining low. Dateline is well capitalised with ~$1.6m of cash at bank as at 31 December 2019.

-ENDS-

==> picture [73 x 73] intentionally omitted <==

7 | ASXRelease 31January 2020

ASX Release 31 January 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 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 by Mr Gregory Hall who is a Chartered Professional of Australasian Institute of Mining and Metallurgy (CP-IMM) and undertaken by Patrick Hollenbeck a certified Geologist by the American Institute of Professional Geologists 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 pricevolatility,currencyfluctuations,increasedproductioncosts and variancesin ore grade recoveryrates 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 appropriateprofessionaladvice in reviewing the Announcementand all otherinformation with respect to the Companyand evaluatingthe business, financialperformanceand operationsof the Company.

==> picture [74 x 73] intentionally omitted <==

8 | ASXRelease 31January 2020

==> picture [569 x 52] intentionally omitted <==

----- Start of picture text -----

ASX Release 31 January 2020
----- End of picture text -----

==> picture [561 x 273] intentionally omitted <==

----- Start of picture text -----

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
----- End of picture text -----

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

==> picture [74 x 73] intentionally omitted <==

9 | ASXRelease 31January 2020

ASX Release 31 January 2020

2019 Drill-hole Collar Co-ordinates

2150 and West veins 2150 and West veins 2150 and West veins 2150 and West veins 2150 and West veins 2150 and West veins
Hole_ID Easting Northing Elevation
(Feet)
Total Depth
(Feet)
Total Depth
(metres)
GL01 2693923 1292495 9877.45 730 222
GL02 2693993 1292571 9928.5 480 146
GL03 2694064 1292625 9974.4 672 205
GL04 2694077 1292740 10022.9 703 214
GL05 2694172 1292908 10104.1 848 258
GL06 2694146 1292828 10070.7 771 235
GL07 2694211 1293018 10143.1 984 300
GL08 2693996 1292572 9929.7 574 175
GL09 2694079 1292742 10024.1 725 221
GL10 2693689 1292270 9973.4 Incomplete Incomplete
485 148
GL11 2693687 1292271 9973.1 Incomplete Incomplete
600 183
GL12 2693704 1292255 9986.5 1152 351
GL13 2694085 1292621 9974.9 Incomplete Incomplete
500 152
GL14 2694083 1292622 9974.9 500 152
GL15 2694077 1292622 9974.5 480 146
GL16 2693996 1292572 9930 330 101
GL17 2693996 1292572 9930 365 111
GL18 2693996 1292572 9930 450 137

Dateline Resources Drill Hole Collar Coordinates Colorado State Plane Central Zone, feet

==> picture [73 x 73] intentionally omitted <==

10| ASXRelease 31January 2020

ASX Release 31 January 2020

2019 Drill-hole Collar Co-ordinates

Sacramento vein Sacramento vein Sacramento vein Sacramento vein Sacramento vein Sacramento vein
Hole_ID Easting Northing **Elevation (Feet) ** Total Depth
(Feet)
Total Depth
(metres)
SAC01 2694836.7 1292465.9 9963.4 48 15
SAC02 2695290.4 1292610.4 10186.1 363 111
SAC03 2695304.2 1292713.8 10193.8 335 102
SAC04 2695369.9 1292903.3 10187.9 322.5 98
SAC05 2695454.5 1293082.6 10201.1 370 113
SAC06 2695338.8 1292814 10189.2 326.5 100
SAC07 2695402.1 1292987.7 10190.8 330 101
SAC08 2695399.7 1292988.9 10191 445 136
SAC09 2695458.4 1293101.3 10200.8 559 170
SAC10 2695304.6 1292711.9 10198.7 54.5 17
SAC11 2695369.4 1292905.4 10185.4 450 137
SAC12 2695332.3 1292810.6 10191 358 109
SAC13 2695304.3 1292715.6 10194 353 108
SAC14 2695304.2 1292379.2 10133.4 385 117
SAC15 2695093.2 1292603.6 10083.2 500 152
SAC16 2695304.7 1292377.8 10134.1 142.5 43
SAC17 2695310 1292720.3 10193.2 360 110
SAC18 2695280 1292611 10187 435 133
SAC19 2695279.9 1292611 10187 350 107
SAC20 2695047 1292816.7 10073.8 405 123
SAC21 2694974.9 1292753.2 10055.8 80 24
SAC22 2695101.8 1292609.1 10088.3 365 111
SAC23 2695101.8 1292609.1 10088.3 50 15
SAC24 2695047 1292816.7 10073.8 475 145
SAC25 2694974.9 1292753.2 10055.8 515 157

Dateline Resources Drill Hole Collar Coordinates Colorado State Plane Central Zone, feet

==> picture [74 x 74] intentionally omitted <==

11| ASXRelease 31January 2020

ASX Release 31 January 2020

Drill-hole table

2150 Vein 2150 Vein 2150 Vein 2150 Vein 2150 Vein 2150 Vein 2150 Vein 2150 Vein 2150 Vein 2150 Vein 2150 Vein
ID Hole_ID Type From
(ft)
To (ft) Length
(ft)
**From (m) ** To (m) Length
(m)
Au_ppm Ag_ppm
P359439 GL03 Core 568.30 569.10 0.8 173.21 173.45 0.24 0.309 7.15
P359440 GL03 Core 571.60 572.50 0.9 174.22 174.49 0.27 0.446 7.39
P359444 GL03 Core 574.10 575.00 0.9 174.98 175.25 0.27 151 143
P359445 GL03 Core 575.00 575.80 0.8 175.25 175.50 0.24 1.71
P359446 GL03 Core 575.80 577.20 1.4 175.50 175.92 0.43 1.47 150
P359447 GL03 Core 577.20 578.90 1.7 175.92 176.44 0.52 3.87 21.2
P359799 GL03 Core 611.80 612.70 0.9 186.47 186.74 0.27 0.994
P359803 GL03 Core 636.40 637.30 0.9 193.97 194.24 0.27 1.61 6.81
P359805 GL03 Core 638.90 639.70 0.8 194.73 194.97 0.24 0.309
P359462 GL04 Core 664.00 665.00 1 202.38 202.68 0.30 6.96 107
P359464 GL04 Core 666.50 667.80 1.3 203.14 203.54 0.40 4.83 17.8
P359467 GL04 Core 669.30 670.40 1.1 203.99 204.33 0.34 0.24 6.36
P359468 GL04 Core 670.40 671.60 1.2 204.33 204.69 0.37 3.69 11.5
P359476 GL05 Core 637.50 638.50 1 194.30 194.61 0.30 7.82 7.66
P359480 GL05 Core 641.80 643.50 1.7 195.61 196.13 0.52 17.9 22.2
P359481 GL05 Core 643.50 645.00 1.5 196.13 196.59 0.46 1.27 4.25
P359483 GL05 Core 646.60 648.40 1.8 197.07 197.62 0.55 6.52 19.1
P359484 GL05 Core 648.40 650.40 2 197.62 198.23 0.61 0.206
P359651 GL05 Core 764.50 765.20 0.7 233.01 233.22 0.21 7.27 30.2
P359654 GL05 Core 770.70 771.80 1.1 234.90 235.23 0.34 0.583
P359656 GL05 Core 772.50 773.40 0.9 235.45 235.72 0.27 0.206
P359489 GL06 Core 700.40 702.20 1.8 213.47 214.02 0.55 0.514 33.9
P359491 GL06 Core 702.20 703.90 1.7 214.02 214.54 0.52 3.05 34
P359496 GL06 Core 718.00 718.90 0.9 218.84 219.11 0.27 6.92 9.41
P359498 GL06 Core 718.90 719.60 0.7 219.11 219.32 0.21 0.343 3.3
P359753 GL08 Core 540.90 542.20 1.3 164.86 165.25 0.40 1.13 7.84
P359754 GL08 Core 542.20 543.70 1.5 165.25 165.71 0.46 0.24 14.7
P359820 GL09 Core 672.10 672.40 0.3 204.85 204.94 0.09 1.13 20
P359825 GL09 Core 690.40 692.00 1.6 210.42 210.91 0.49 7.34 11.5
P359826 GL09 Core 692.00 694.20 2.2 210.91 211.58 0.67 0.309 6.92
P359827 GL09 Core 694.20 695.90 1.7 211.58 212.10 0.52 0.274
P359850 GL09 Core 698.00 699.70 1.7 212.74 213.26 0.52 0.206 5.44
P359852 GL09 Core 699.70 700.80 1.1 213.26 213.59 0.34 1.2
P359855 GL09 Core 710.50 712.00 1.5 216.55 217.01 0.46 0.206

==> picture [74 x 74] intentionally omitted <==

12| ASXRelease January 2020

ASX Release 31 January 2020

Drill-hole table

Sacramento Vein Sacramento Vein Sacramento Vein Sacramento Vein Sacramento Vein Sacramento Vein Sacramento Vein Sacramento Vein Sacramento Vein Sacramento Vein Sacramento Vein
ID Hole_ID Type From
(ft)
To (ft) Length
(ft)
**From (m) ** To (m) Length
(m)
Au_ppm Ag_ppm
P359253 SAC02 RC 245 250 5 74.67 76.20 1.52 0.343 23.4
P359330 SAC03 Core 282.8 283.8 1 86.19 86.50 0.30 0.343 10.6
P359278 SAC04 RC 255 260 5 77.72 79.24 1.52 0.514 35.4
P359280 SAC04 RC 260 265 5 79.24 80.77 1.52 0.309 10.1
P359390 SAC05 RC 265 270 5 80.77 82.29 1.52 0.377 11.1
P359355 SAC05 RC 310 315 5 94.48 96.01 1.52 0.651 8.66
P359310 SAC06 Core 261.4 262.9 1.5 79.67 80.13 0.46 0.24 7.12
P359311 SAC06 Core 262.9 263.9 1 80.13 80.43 0.30 0.309 56.5
P359317 SAC06 Core 275.5 277 1.5 83.97 84.43 0.46 14 94.7
P359319 SAC06 Core 278.5 280 1.5 84.88 85.34 0.46 1.71 21.3
P359341 SAC07 RC 270 275 5 82.29 83.82 1.52 0.549 6.79
P359342 SAC07 RC 275 280 5 83.82 85.34 1.52 4.08 47.2
P359432 SAC09 Core 247.5 248.9 1.4 75.43 75.86 0.43 0.309 5.54
P359436 SAC09 Core 360.3 361.2 0.9 109.81 110.09 0.27 6 18.7
P359433 SAC11 RC 300 305 5 91.44 92.96 1.52 0.446 16.9
P359425 SAC12 Core 307.9 309.8 1.9 93.84 94.42 0.58 2.16 49.1
P359426 SAC12 Core 309.8 310.6 0.8 94.42 94.67 0.24 8.12 268
P359414 SAC13 Core 294.7 296.1 1.4 89.82 90.25 0.43 80.1 489
P359415 SAC13 Core 296.1 297.6 1.5 90.25 90.70 0.46 9.8 61.6
P359416 SAC13 Core 297.6 300 2.4 90.70 91.44 0.73 2.06 14.7
P359502 SAC14 RC 60 65 5 18.29 19.81 1.52 0.309 5.43
P359516 SAC14 RC 315 320 5 96.01 97.53 1.52 0.309 4.58
P359401 SAC14 RC 340 345 5 103.63 105.15 1.52 0.274 4.19
P359407 SAC14 RC 365 370 5 111.25 112.77 1.52 0.309 5.35
P359409 SAC14 RC 375 380 5 114.29 115.82 1.52 0.309
P359518 SAC15 RC 295 300 5 89.91 91.44 1.52 2.91 21.6
P359430 SAC16 Core 95.9 98 2.1 29.23 29.87 0.64 18.1 241
P359431 SAC16 Core 123.6 124.9 1.3 37.67 38.07 0.40 0.377 16.8
P359736 SAC17 RC 290 295 5 88.39 89.91 1.52 5.45 60.8
P359737 SAC17 RC 295 300 5 89.91 91.44 1.52 1.27 12.1
P359743 SAC18 RC 380 385 5 115.82 117.34 1.52 4.42 53.5
P359744 SAC18 RC 385 390 5 117.34 118.87 1.52 7.75 11.4
P359959 SAC19 RC 265 270 5 80.77 82.29 1.52 1.13 23.2
P359960 SAC19 RC 270 275 5 82.29 83.82 1.52 0.754 21.3
P359964 SAC20 RC 365 370 5 111.25 112.77 1.52 2.23 6.68
P359966 SAC20 RC 375 380 5 114.29 115.82 1.52 2.95 39.3
P359979 SAC22 RC 280 285 5 85.34 86.86 1.52 4.59 27.1

==> picture [74 x 73] intentionally omitted <==

13| ASXRelease 31January 2020

ASX Release 31 January 2020

Drill-hole table

West Vein West Vein West Vein West Vein West Vein West Vein West Vein West Vein West Vein West Vein West Vein
ID **Hole_ID ** **Type ** From
(ft)
**To (ft) ** Length
(ft)

**From (m) **
**To (m) ** Length
(m)
Au_ppm Ag_ppm
P359238 GL01 Core 170.50 171.80 1.3 51.97 52.36 0.40 2.02
P359525 GL02 RC 210.00 215.00 5 64.00 65.53 1.52 1.2 13.3
P359530 GL02 RC 235.00 240.00 5 71.62 73.15 1.52 0.686 3.01
P359542 GL03 RC 240.00 245.00 5 73.15 74.67 1.52 0.24 3.71
P359538 GL04 RC 330.00 335.00 5 100.58 102.10 1.52 0.24
P359596 GL05 RC 435.00 440.00 5 132.58 134.11 1.52 0.514 3.09
P359664 GL08 Core 216.30 217.70 1.4 65.93 66.35 0.43 71.9 140
P359665 GL08 Core 217.70 219.50 1.8 66.35 66.90 0.55 0.514 5.15
P359679 GL08 Core 237.90 239.40 1.5 72.51 72.97 0.46 0.549 15.6
P359708 GL09 RC 205.00 210.00 5 62.48 64.00 1.52 0.549 6.49
P359715 GL10 RC 305.00 310.00 5 92.96 94.48 1.52 0.72
P359716 GL10 RC 310.00 315.00 5 94.48 96.01 1.52 0.274
P359550 GL11 RC 360.00 365.00 5 109.72 111.25 1.52 4.97 20.2
P359586 GL11 RC 365.00 370.00 5 111.25 112.77 1.52 1.06 13.9
P359718 GL12 RC 405.00 410.00 5 123.44 124.96 1.52 0.274 13.2
P359724 GL14 RC 220.00 225.00 5 67.05 68.58 1.52 0.206
P359728 GL15 RC 225.00 230.00 5 68.58 70.10 1.52 0.994 33.8
P359929 GL16 RC 295.00 300.00 5 89.91 91.44 1.52 0.617
P359939 GL17 RC 250.00 255.00 5 76.20 77.72 1.52 1.89 22.3

==> picture [73 x 73] intentionally omitted <==

14| ASXRelease January 2020

ASX Release 31 January 2020

Grab and Channel sample tables

Location - SacramentoArea Location - SacramentoArea Location - SacramentoArea Location - SacramentoArea Location - SacramentoArea
Sample_ID Name Sample type Au_ppm Ag_ppm
P358968 Middle Sacramento Grab 67.4 816
P358971 Upper Sacramento Grab 1.99 65.5
P358972 Upper Sacramento Grab 9.12 161
P358973 Upper Sacramento Channel 12.4 320
P358974 Upper Sacramento Grab 7.64 214
P358966 Sacramento Grab 23.6 301
P358967 Sacramento Grab 16.8 118
P358963 Sacramento Channel 4.53 116
P358965 Sacramento Channel 2.19 26
P358964 Sacramento Channel 2.02 20.7
Location – New “Hill” Vein - 120m SE of Sacramentovein Location – New “Hill” Vein - 120m SE of Sacramentovein Location – New “Hill” Vein - 120m SE of Sacramentovein Location – New “Hill” Vein - 120m SE of Sacramentovein Location – New “Hill” Vein - 120m SE of Sacramentovein
Sample_ID Name Sample type Au_ppm Ag_ppm
P358969 Hill vein Grab 56.5 200
P358970 Hill vein Grab 12 193
Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu Green Mountain Rock chip sample Assays above 0.5g/tAu
ID Area Source Sample
Type
Lith **UTM_E_m ** **UTM_N_m ** **UTM_Elv ** **Au_ppm ** Ag_ppm
LS19-006 Green Mountain Rock Grab MR 339028.701 4254602.14 2800.023 3.75 0.25
LS19-011 Green Mountain Rock Channel Qtz Vein 338952.779 4254448.01 2787.516 1.91 0.53
LS19-015 Green Mountain Rock Channel MS 338952.779 4254448.01 2787.516 0.647 0.25
LS19-017 Green Mountain Rock Grab MS 338899.377 4254520.13 2767.949 0.567 0.28
LS19-018 Green Mountain Rock Grab Qtz Vein 338899.377 4254520.13 2767.949 5.22 1.03
LS19-020 Green Mountain Rock Grab Qtz Vein 339042.956 4254253.92 2808.295 6.33 2
LS19-022 Green Mountain Rock Grab MS 339217.504 4254265.09 2833.856 1.255 0.4
LS19-046 Green Mountain Rock Grab Qtz Vein 338278.666 4255161.84 2811.378 0.583 3.21

==> picture [74 x 74] intentionally omitted <==

15| ASXRelease 31January 2020