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Dateline Resources Ltd.
Summary
| Project: | Gold Links | |
|---|---|---|
| Deposit: | Gold Links | |
| Location: | United States | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-6-2017: Dateline Resources Ltd. announces an Exploration/Drilling Update report for its Gold Links deposit at the Gold Links project. Drilling results incl. 0.5m @ 7.61g/t Au, 161g/t Ag, 111ppm Cu, 2130ppm Pb, 2440ppm Zn from 267.4m. Colorado focused g | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gregory Hall (Internal) | |
| ABSTRACT: | Colorado focused gold mining and exploration company Dateline Resources Limited (DTR) (“Dateline” or the “Company”) is pleased to report assay results from a recently completed four hole, 440 metre diamond drilling program at the company’s 100%-owned Gold Links Mine, located in Gunnison County, Colorado. These results, and those from the earlier sampling program, indicates the non–JORC historical data is reliable and forms a crucial part of Dateline’s mine redevelopment strategy. Along with completed structural mapping and the historical development of the 2150 vein, assays are in line with the geological interpretation of the technical team, with variability in grade and thickness as expected. The drilling results and work completed by Dateline gives the Company the confidence to commence an exploration ramp on the 2150 vein at the Upper Gold Links. The development is adjacent to the recently sampled area where the Company has previously reported high grade assay results of an average of 23g/t over 33m (100ft). The highest grade was ~1m @151g/t Au. While Dateline is mainly focused on the commencement of small-scale mining, exploration work continues in parallel with mining recommencement activities. Sampling and testing of gold distribution within old stockpiled ore adjacent to the middle and lower adits of the Sacramento vein is ongoing and assay results are expected shortly. The Company is targeting this area to provide additional processing feed for the Lucky Strike Mill. Dateline’s strategy is to commence small-scale gold production which is expected to deliver positive cash flow from the Upper Gold Links and the Sacramento Veins. This program is on track to commence next month. As reported to shareholders, the Company has selected US-based mining contractor Small Mine Development LLC ("SMD") to undertake underground development works and mobilization is progressing to plan. | |
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