Announcement Date: 2022-07-06
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Dateline Resources Ltd.
Project name: Colosseum
Location: United States
Commodities: Gold
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Dateline Resources Limited (ASX: DTR) (Dateline or the Company) is pleased to announce the estimation of a JORC-2012 compliant Mineral Resource of 20.9Mt @ 1.2g/t Au for 813,000oz at the Colosseum Gold Project in California, USA. Of the total Mineral Resource, 258koz @1.2g/t Au (32%) are classified as Measured, 322koz @1.2g/t Au (39%) as Indicated and 235koz @1.3g/t Au (29%) as Inferred. Dateline acquired a significant volume of hardcopy data as part of the Colosseum acquisition in 2021. The data collected by the previous operators was to a very high-quality level, enabling a database that reflects the deposit to be collected and analysed. All of the drillhole data was reviewed and loaded into a relational database, building the first 3D view of the mine. In order for the Company to use the historical data and report to JORC-2012 standards, a program of confirmatory drillholes was completed. These drillholes confirmed the mineralisation identified by previous operators and provided the confidence for the Mineral Resource estimate to be completed. Mineral Resource remains open at depth This JORC-2012 compliant Mineral Resource estimate for the Colosseum Gold Mine was primarily based on information compiled by the previous operators in the
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