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DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2021
Oct 28, 2021
64793_rns_2021-10-28_209b3682-3e9f-46f6-b822-dde493d86d83.pdf
Interim / Quarterly Report
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ASX Release
DATELINE RESOURCES LIMITED
(ACN 149 105 653) ASX Code: DTR
CAPITAL STRUCTURE
Share Price (28/10/21) $0.09
$39.4 million
MAJOR SHAREHOLDERS
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SEPTEMBER 2021 QUARTERLY ACTIVITIES REPORT
Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) is pleased to provide an update on its activities for the September 2021 quarter. The Company’s focus during the period was commencing underground development and drilling at the Gold Links Project in Colorado and progressing the acquisition of the Colosseum Gold Mine (Colosseum) in California.
HIGHLIGHTS
Gold Links Gold Mine
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Underground development program commenced during the quarter, with 430m out of 1000m total program completed.
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Underground diamond drilling also commenced, with 18 holes completed during the quarter and received assay results from 7 completed holes.
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Highlights from the results received are:
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2.2m @ 9.7g/t Au & 73.5g/t Ag from 17m in CRG21-004
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
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0.5m @ 17.95g/t Au & 49.6g/t Ag from 21m in CRG2-006
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Both holes are approximately 50 metres up-dip from previously drilled zones of mineralisation
Colosseum Gold Mine
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During the quarter, the Company announced that a review of USGS data had highlighted radiometric anomalies that offer potential for REE mineralisation at Colosseum.
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Digital data compilation is ongoing with 386 drillholes and 35,352 assays loaded into the database.
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Post-quarter end, the conditions precedent for settling of the acquisition with Barrick were met, with settlement now completed.
Corporate
CONTACT
John Smith Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: [email protected]
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Equity placement of $4.1 million at $0.09 per share completed during the quarter.
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At the end of the quarter, the Company’s cash balance was $7.0 million.
ASX Release 29 October 2021
Gold Links Gold Mine, Colorado
Gold Links hosts a swarm of high-grade narrow gold veins over more than 5km strike length and a kilometre across strike. Historical mapping and drilling coupled with the Company’s own exploration work has confirmed mineralisation is extensive throughout the Project. Dateline’s 100% owned Lucky Strike Mill will be used to process material from the Gold Links Mine.
Commencement of underground development[1]
During the quarter, the Company commenced development of ~1km of underground decline with 4.0m x 4.3m dimensions. The decline will act as a haulage and exploration tunnel, from which the 2150 and West gold veins are being drill tested.
The decline links up with an existing drive at a lower elevation, which provides a second escapeway for underground personnel and enhanced mine ventilation.
During the quarter, 430 metres of development was completed as represented by the blue line in figure 1 below. The total decline work is expected to be completed in the fourth quarter of the 2021 calendar year.
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Figure 1 – Schematic view of decline development at Gold Links Project. Scale is in feet
1 ASX announcement 1 July 2021 – Development starts at Gold Links
ASX Release 29 October 2021
Underground Diamond Drilling[2]
The underground diamond drill crew mobilised to site and commenced drilling in July 2021. The drilling company will undertake 4,000 metres (~12,000 feet) of underground drilling from within the decline. Initially, drilling rates were lower than expected, however a change to rostering and drill plan has increased productivity. Drilling is expected to be completed by the end of December.
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Figure 2 – Long section view of ore zones annotated - Gold Links Project scale is in feet
Drillhole Results
As at the end of the quarter, the company had completed 18 drill holes. Results for seven holes have been received and are described in the attached table to this report.
Drilling intersected mineralisation in drill site 1 (top red shape). Underground development has progressed to the area shown by the lower blue and yellow shapes that represent historically drilled lower areas. This lower area was drilled in the 1970’s and 1980’s and Dateline has obtained copies of the assay certificates. The current drill program will prioritise drilling for extensions of the historically drilled areas and will also drill the gap between the blue and red zones to test if they are part of a single larger zone, as depicted by the pink shape in Figure 3.
2 ASX announcement 20 July 2021 – Drilling commenced at Gold Links
ASX Release 29 October 2021
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Figure 3 – Schematic showing potential linking of mineralised zones and mineralised zone to the west of the 2150 vein. Scale is in feet
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Figure 6 – Gold Links Project underground development
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Figure 7 – Gold Links Project underground development
ASX Release 29 October 2021
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Figure 8 – Gold Links Project development face
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Figure 9 – Gold Links Project waste disposal
Colosseum Gold Mine, California
In March 2021, Dateline entered into a binding Agreement with LAC Minerals (USA) LLC, a wholly owned subsidiary of Barrick Gold Corporation, for the acquisition of 100% of Colosseum and will acquire 83 mining claims that host the Colosseum Gold Mine and surrounding areas, totalling approximately 1,600 acres[3] .
The Colosseum Gold Mine is in the southern section of the Walker Lane Trend in California, USA. The Walker Lane Trend hosts numerous substantial discoveries including the Corvus Gold owned 1.7Moz Mother Lode deposit and the 6.5Moz Castle Mountain gold mine owned by Equinox Gold (located 50km to the Southeast of Colosseum).
The primary activities for the September quarter were digitising information, reviewing the rare earth potential, management meetings with local stakeholders, planning of field work and progressing the conditions precedent to finalise the acquisition.
Dateline is currently digitising the significant volume of plans and sections in order to build a comprehensive database of the Project. A total of 5,045 documents (not pages) and 2,132 maps have been digitised. A database of 386 drillholes and 35,352 assays has been loaded to date.
Post quarter end, the conditions precedent for the acquisition were completed and the acquisition was closed.
[3] ASX release – 15 March 2021 - Colosseum Gold Mine Acquisition
ASX Release 29 October 2021
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Figure 10: Colosseum location relative to other operating mines and significant discoveries
Rare Earth Potential
During the quarter, the Company announced that a review of USGS data had highlighted a coincident thorium and potassium radiometric anomaly 8km along strike from the Mountain Pass Rare Earth mine, the only operating rare earth mine in the US.
The Mountain Pass carbonatite is a thin linear body that trends NNW, along strike from Colosseum.
CORPORATE
Colosseum transaction update
During the quarter, the Company progressed the establishment of US banking facilities to allow the completion of the acquisition, which was completed in October.
Equity Placement
During the quarter, the Company raised $4.1 million at $0.09 per share from sophisticated and professional investors.
Cash at bank
At the end of the quarter, the Company had cash and investments of A$7.0 million.
ASX Release 29 October 2021
DECEMBER QUARTER – PLANNED ACTIVITIES
During the December quarter, the Company intends to undertake the following activities:
Gold Links Gold Mine
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Completion of underground mine development
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Completion of underground diamond drilling programme
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Initial start-up and commissioning activities at Lucky Strike Mill
Colosseum Gold Mine
- Continued digitising of historical information and planning of field work
Authorised by the Dateline Board.
For more information, please contact:
Stephen Baghdadi Managing Director +61 2 9375 2353
www.datelineresources.com.au
Follow Dateline on Twitter: https://twitter.com/Dateline_DTR
ASX Release 29 October 2021
About Dateline Resources Limited
Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in North America. The Company owns 100% of the Gold Links and Green Mountain Projects in Colorado, USA as well as plans to acquire the Colosseum Gold Mine in California.
The Gold Links Gold Mine is a historic high-grade gold mining project where over 150,000 ounces of gold was mined from high-grade veins. Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. The Company aims to delineate sufficient Mineral Resources to commence a small high-grade, low-cost operation by the end of 2021.
The Company owns the Lucky Strike gold mill, located 50km from the Gold Links mine, within the Green Mountain Project. It is proposed that ore from Gold Links would be transported to Lucky Strike for processing.
The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and produced approximately 344,000 ounces of gold (see ASX release 15 March 2021). Significant potential remains for extension to mineralization at depth.
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 (CPIMM). 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.
ASX Release 29 October 2021
Completed Drill Hole co-ordinates
| Hole ID | Easting | Northing | Elevation | Total Depth (m) | Status |
|---|---|---|---|---|---|
| CRG21-001 | 2694042 | 1291581 | 9845 | 21 | Completed |
| CRG21-002 | 2694042 | 1291581 | 9845 | 27.6 | Completed |
| CRG21-003 | 2694042 | 1291581 | 9845 | 37.1 | Completed |
| CRG21-004 | 2694042 | 1291581 | 9845 | 45.6 | Completed |
| CRG21-005 | 2694042 | 1291581 | 9845 | 57.1 | Completed |
| CRG21-006 | 2694042 | 1291581 | 9845 | 58.4 | Completed |
| CRG21-007 | 2694042 | 1291581 | 9845 | 28.9 | Completed |
| CRG21-008 | 2694042 | 1291581 | 9845 | 32.2 | Pending |
| CRG21-009 | 2693929 | 1291307 | 9807 | 37.1 | Pending |
| CRG21-010 | 2693929 | 1291307 | 9807 | 18 | Pending |
| CRG21-013 | 2693929 | 1291307 | 9807 | 96.5 | Pending |
| CRG21-014 | 2693929 | 1291307 | 9807 | 63.6 | Pending |
| CRG21-014a | 2693929 | 1291307 | 9807 | 41.7 | Pending |
| CRG21-015 | 2693929 | 1291307 | 9807 | 48.6 | Pending |
| CRG21-016 | 2693929 | 1291307 | 9807 | 58.7 | Pending |
| CRG21-017 | 2693929 | 1291307 | 9807 | 49.9 | Pending |
Summary of significant intercepts
| Sample_ID | Hole_ID | Drill Type | From (m) | To (m) | Length (m) | Au ppm | Ag ppm |
|---|---|---|---|---|---|---|---|
| E255055- E255056 |
CRG21-004 | Core | 17.2 | 19.4 | 2.2 | 9.63 | 73.54 |
| 326229 | CRG21-006 | Core | 21.8 | 22.3 | 0.5 | 17.95 | 49.6 |
ASX Release 29 October 2021
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 sampling (eg cut |
• As of 9/30/2021, the Gold Links Project CRG Mining, |
| techniques | channels, random chips, or specific specialised | LLC has completed 722 metres of drilling in 18 drill holes. |
| industry standard measurement tools appropriate | All the drilling was done underground with diamond drill | |
| to the minerals under investigation, such as down | core. Industry standard core handling and sampling | |
| hole gamma sondes, or handheld XRF | procedures were employed to ensure high quality | |
| instruments, etc). These examples should not be | samples. | |
| taken as limiting the broad meaning of sampling. | • Core sample boundaries were defined by changes |
|
| • Include reference to measures taken to |
in lithology, alteration, and mineralization noted in | |
| ensure sample representivity and the appropriate | logging. | |
| calibration of any measurement tools or systems | • Potentially mineralized intervals were identified by |
|
| used. | geological logging and dispatched for assay with | |
| • Aspects of the determination of |
minimum 0.3 metre shoulder samples. | |
| mineralisation that are Material to the Public | • Logging geologist identified zones of interest for |
|
| Report. | sampling and sampled them. They also sampled a length | |
| • In cases where ‘industry standard’ work has |
equivalent to approximately 20% of the zone of interest | |
| been done this would be relatively simple (eg | on each side of it. These are referred to as shoulder | |
| ‘reverse circulation drilling was used to obtain 1 | samples. | |
| m samples from which 3 kg was pulverised to | • Core remaining after sampling was stored in wax |
|
| produce a 30 g charge for fire assay’). In other | coated cardboard core trays. | |
| cases more explanation may be required, such as | • Samples from drill holes were sent to ALSGlobal and |
|
| where there is coarse gold that has inherent | Paragon Geochemical in Reno, Nevada for sample | |
| sampling problems. Unusual commodities or | preparation and assay. Samples were dried, weighed, | |
| mineralisation types (eg submarine nodules) may | crushed and split to obtain 250 gm. Samples were placed | |
| warrant disclosure of detailed information. | in ring and puck grinder to produce 85% minus 75 | |
| micron pulp. This material was blended on clean cloth | ||
| and packaged in paper pulp bags. Using a pulp balance, a | ||
| 30 gm sample was weighted out for traditional fire assay. | ||
| Samples were analyzed using standard fire assay for | ||
| gold. Overlimits were analyzed via gravimetric analysis. | ||
| • All samples followed a strict Chain of Custody. |
||
| • Routine QAQC samples were inserted in the sample |
||
| runs at a rate of 20%, comprising Certified Reference | ||
| Materials from CDN Resource Laboratories Ltd., and | ||
| verified blank granitic material. | ||
| • Sampling practice is appropriate to the geology and |
||
| mineralization of the deposit and complies with industry | ||
| best practice. | ||
| Drilling | • Drill type (eg core, reverse circulation, open- |
• The drilling program utilizes underground core |
| techniques | hole hammer, rotary air blast, auger, Bangka, | drilling. |
| sonic, etc) and details (eg core diameter, triple or | • The core drilling is being conducted with a DE-130 |
|
| standard tube, depth of diamond tails, face- | Sandvik rig with HQTT core tooling. Standard tubes were | |
| sampling bit or other type, whether core is | used for the first 6 drillholes, the balance utilized triple | |
| oriented and if so, by what method, etc). | tube to increase recoveries. The drilling has been | |
| completed by an experienced diamond drilling core | ||
| driller. |
ASX Release 29 October 2021
| Criteria | JORC Code explanation | Commentary |
| Drill sample | • Method of recording and assessing core and | • All drilling recoveries have been logged and |
| recovery | chip sample recoveries and results assessed. | notated each run based on 1.65-meter tooling. |
| • Measures taken to maximise | • To maximize sample recoveries, use of triple |
|
| sample recovery and ensure | tube and long chain polymer muds were used to | |
| representative nature of the samples. | increase recovery. | |
| • Whether a relationship exists between | • There has been no analysis between sample |
|
| sample recovery and grade and whether | recoveries and grade to date. | |
| sample bias may have occurred due to | ||
| preferential loss/gain of fine/coarse material. | ||
| Logging | • Whether core and chip samples have | • Core samples were geologically logged. Lithology, |
| been geologically and geotechnically | veining, alteration, mineralization and weathering are | |
| logged to a level of detail to support | recorded in the appropriate tables of the drill hole | |
| appropriate Mineral Resource estimation, | database. | |
| mining studies and metallurgical studies. | • Each core box was photographed dry and wet, after |
|
| • Whether logging is qualitative or | logging of unit and structures were notated on the core. | |
| quantitative in nature. Core (or costean, | • Core was cut along the long axis using a diamond |
|
| channel, etc) photography. | saw, half-core was sampled, and half stored for | |
| • The total length and percentage of the relevant | reference. | |
| intersections logged. | • Geological logging of core samples is |
|
| qualitative and quantitative in nature. | ||
| Sub-sampling | • If core, whether cut or sawn and whether | • All drill core samples were cut along the long axis. The |
| techniques | quarter, half or all core taken. | left side when looking down hole was sampled. Samples |
| and sample | • If non-core, whether riffled, tube | were placed in a heavy-duty poly sample bag. Each core |
| preparation | sampled, rotary split, etc and whether | sample placed in heavy duty poly sample bag, noted |
| sampled wet or dry. | interval width in sample book, with a sample tag with the | |
| • For all sample types, the nature, | corresponding sample number placed in the bag with the | |
| quality and appropriateness of the | other tag stapled to the top of the bag. Sample bags were | |
| sample preparation technique. | stapled along the top. Samples were sent by freight to | |
| • Quality control procedures adopted for all | ALSGlobal or Paragon Geochemical, Reno, Nevada. | |
| sub-sampling stages to maximise | • Routine QAQC samples were inserted at a 20% rate |
|
| representivity of samples. | into the sample batches and comprised Certified | |
| • Measures taken to ensure that the sampling is | Reference Materials (CRMs) from CDN Resource | |
| representative of the in situ material collected, | Laboratories Ltd. and verified blank granitic material. | |
| including for instance results for field | • Rock samples sent to ALS Laboratories were dried, | |
| duplicate/second-half sampling. | weighed, crushed and split, with a split pulverized to | |
| • Whether sample sizes are appropriate to the | better than 85% passing 75 microns. Samples were | |
| grain size of the material being sampled. | analyzed for trace elements using 4-acid digestion. | |
| Additionally, rocks samples were analyzed by standard | ||
| 30gm fire assay for gold and silver. | ||
| • Sample size assessment was not conducted but used |
||
| sampling size which is typical for gold deposits. | ||
| Quality of | • The nature, quality and appropriateness of | • Samples were assayed by industry standard |
| assay data | the assaying and laboratory procedures used and | methods by ALSGlobal Laboratories, Paragon |
| and | whether the technique is considered partial or | Geochemical in Reno, Nevada and Hazen Research |
| laboratory | total. | Laboratories in Golden, Colorado. |
| tests | • For geophysical tools, spectrometers, | • Fire assays for gold and silver were completed |
| handheld XRF instruments, etc, the parameters | using industry standard fire assay methodology. | |
| used in determining the analysis including | • External certified standards and blank material | |
| instrument make and model, reading times, | were added to the sample submission. | |
| calibrations factors applied and their derivation, | ||
| etc. | ||
| • Nature of quality control procedures adopted | ||
| (eg standards, blanks, duplicates, external |
ASX Release 29 October 2021
| Criteria | JORC Code explanation | Commentary |
| laboratory checks) and whether acceptable levels | ||
| of accuracy (ie lack of bias) and precision have | ||
| been established. | ||
| Verification of | • The verification of significant intersections | • Sampling, documentation and sample submittal were |
| sampling and | by either independent or alternative company | under the guidance and care of Graham Craig, GIT |
| assaying | personnel. | (Association of Professional Engineers and Geoscientists of |
| • The use of twinned holes. | Manitoba). | |
| • Documentation of primary data, | • Drilling, sample, and assay data is currently stored | |
| data entry procedures, data | in MX Deposit, a secured data management system | |
| verification, data storage (physical and | through Seequent. | |
| electronic) protocols. | ||
| • Discuss any adjustment to assay data. | ||
| Location of | • Accuracy and quality of surveys used to locate | • All drill hole collars are surveyed using differential GPS |
| data points | drill holes (collar and down-hole surveys), trenches, | survey equipment. The positions are accurate to within 10 |
| mine workings and other locations used in Mineral | cm x-y and height (z) to +/- 20 cm. | |
| Resource estimation. | • The holes are surveyed in the Colorado State Plane, | |
| • Specification of the grid system used. | UTM zone 12, NAD 1983 coordinate system. | |
| • Quality and adequacy of topographic | • Down hole surveys will be done using a Reflex | |
| control. | SPRINT-IQ north seeking gyro on all diamond drill holes. | |
| With collars surveyed using Reflex TN-14 Azimuth | ||
| Aligner. | ||
| • Sample locations were surveyed using Colorado State | ||
| Plane, UTM zone 12, NAD 1983 coordinate system. | ||
| Data spacing | • Data spacing for reporting of Exploration | • The spacing and location of data is currently 16-33 |
| and | Results. | meter spacing according to previous Mineral Resource |
| distribution | • Whether the data spacing, and distribution is | estimation completed. |
| sufficient to establish the degree of geological | • No sample compositing has been applied. | |
| and grade continuity 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 sampling achieves | • Drill holes are planned to be drilled obliquely to near |
| data in | unbiased sampling of possible structures and the | perpendicular to the known mineralized structures. |
| relation to | extent to which this is known, considering the | Definition of structure location is the principal goal. |
| geological | deposit type. | • Sample orientation is deemed to be |
| structure | • If the relationship between the drilling | representative for reporting purposes. |
| orientation and the orientation of key | • No bias is considered to have been introduced | |
| mineralised structures is considered to have | by the existing sampling orientation. | |
| introduced a sampling bias, this should be | ||
| assessed and reported if material. | ||
| Sample | • The measures taken to ensure sample security. | • All samples were taken and maintained under the |
| security | constant care of CRG Mining personnel. Samples were | |
| delivered to laboratories by a licensed transportation | ||
| company. | ||
| Audits or | • The results of any audits or reviews of sampling | • Drill hole sampling techniques and QAQC |
| reviews | techniques and data. | procedures have been developed and reviewed by |
| Dale Sketchley, M.Sc., P. Geo. of Acuity Geoscience | ||
| Ltd., Graham Craig, GIT. | ||
| • The QAQC program has demonstrated its ability to | ||
| catch errors. |
ASX Release 29 October 2021
| Criteria | JORC Code explanation | Commentary |
| • A QAQC review will be completed for this program. |
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 name/number, location and | • All tenements are 100% owned by Dateline |
| tenement and | ownership including agreements or material | Resources Limited or a wholly owned subsidiary and |
| land tenure | issues with third parties such as joint ventures, | there exist production-based royalties as previously |
| status | partnerships, overriding royalties, native title | disclosed to ASX. |
| interests, historical sites, wilderness or national | ||
| park 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 | • Acknowledgment and appraisal of exploration by | • Historical work was completed by various groups over |
| done by other | other parties. | 100 years and is not JORC compliant |
| parties | ||
| Geology | • Deposit type, geological setting and style of | • The Gold Links Project is hosted by an Early |
| mineraliation. | Proterozoic assemblage of fine-grained meta-sediments | |
| and interbedded felsitic meta-volcanics. These were | ||
| intruded by Early Proterozoic amphibolites, granites, | ||
| and rhyolite porphyry dykes. Tertiary age rhyolitic | ||
| stocks, dikes and sills intrude the Proterozoic rocks. | ||
| • The gold and silver mineralization occurs in narrow | ||
| fissure quartz veins. Veins in the district trend West- | ||
| Northwest with steep Southerly dips. | ||
| • The auriferous quartz veins cut through the | ||
| various rock types. There appears to be an affinity | ||
| for the veins with the amphibolites. The primary | ||
| sulphide occurring in these veins is pyrite. Broad | ||
| zones of silicification and disseminated sulfides | ||
| have been found near the veins. | ||
| Drill hole | • A summary of all information material to the | • See Table 1 within this report for details of the |
| Information | understanding of the exploration results including | drill holes and sample locations. |
| a tabulation of the following information for all | ||
| Material drill holes: | ||
oeasting and northing of the drill hole collar |
||
oelevation or RL (Reduced Level – |
||
| elevation above sea level in metres) of the drill | ||
| hole collar | ||
odip and azimuth of the hole |
||
odown hole length and interception depth |
||
ohole 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 29 October 2021
| Criteria | JORC Code explanation | Commentary | |||
| Data | • In reporting Exploration Results, weighting | • | Drill hole intersections are reported above a | ||
| aggregation | averaging techniques, maximum and/or minimum | lower exploration cut-off grade of 0.2 g/T Au and | |||
| methods | grade truncations (eg cutting of high grades) and | no | upper cut off grade has been applied. | ||
| 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 particularly | • | Drill holes are orientated obliquely to | ||
| between | important in the reporting of Exploration | the mineralized structures and | |||
| mineralisation | Results. | disseminated bodies. | |||
| widths and | • If the geometry of the mineralisation with | • | Interception angles of the | ||
| intercept | respect to the drill hole angle is known, its | mineralized structures are estimated by | |||
| lengths | nature should be reported. | geometries from known occurrences in | |||
| • If it is not known and only the down hole lengths | the adjacent mine workings and the core | ||||
| are reported, there should be a clear statement to | drilling intercepts. | ||||
| this effect (eg ‘down hole length, true width not | |||||
| known’). | |||||
| Diagrams | • Appropriate maps and sections (with scales) | • | Supporting figures have been included within the | ||
| and tabulations of intercepts should be included | body of this release. | ||||
| 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 reporting of all | • | Representative reporting of both low and high grades | ||
| reporting | Exploration Results is not practicable, | and/or widths have been reported. | |||
| representative reporting of both low and high | |||||
| grades and/or widths should be practiced to | |||||
| avoid misleading reporting of | |||||
| Exploration Results. | |||||
| Other | • Other exploration data, if meaningful and | ||||
| substantive | material, should be reported including (but not | ||||
| exploration | limited to): geological observations; geophysical | ||||
| data | 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 planned further | • | At Gold Links, future work will include expanded | ||
| work (eg tests for lateral extensions or depth | drilling the on-strike and down-dip extensions of the | ||||
| extensions or large-scale step-out drilling). | 2150, Hanging Wall, and 1700 veins, preparation for | ||||
| • Diagrams clearly highlighting the areas of | underground exploitation, finalizing the surface | ||||
| possible extensions, including the main geological | program; reopening, mapping and sampling of | ||||
| interpretations and future drilling areas, provided | previously inaccessible underground workings; as well as | ||||
| this information is not commercially sensitive. | infill and expanded surface soil geochemistry, geological | ||||
| mapping, and geophysics. |