Dateline Resources Limited announced the completion of the Company's first diamond drilling program at the Colosseum Gold Mine. Objectives of drill program Core and cuttings collected from the drilling program will be used to assess, The accuracy of the historical drill hole and resource data for the definition of a JORC-2012 compliant Mineral Resource estimate, The groundwater quality to determine variances between the mined and unmined zones. The diamond drill program consisted of 5 holes for 2200 feet.

JORC-2012 Mineral Resource Estimate Assay results from the diamond drilling program will be compared to the resource information that has been compiled in the relational database and used to confirm the quantum of the remnant Mineral Resource. The Company has appointed an independent resource geologist to analyse the results and define a JORC-2012 compliant Mineral Resource for the project. The Company currently envisages that the Mineral Resource estimate will be announced in the June quarter.

It should be noted that the planned Mineral Resource estimate will be based on historical drilling and this current limited drill program, with the Company anticipating that upside potential will remain to be tested beyond this initial estimate. Samples were collected to assess the groundwater quality (including the assessment of sulphur crystals in both fresh and oxidised material). Distinguishing between natural background sulphate in the un-mined breccia pipe resource areas around and beneath the pit floor, and from a separate sulphate isotope fingerprint derived from milling activities in the 1980s-1990s is important for consideration of future plans for the mine.

The historical water quality analysis indicates the water has low salinity and relatively low levels of sulphides and sulphates, with groundwater currently being drawn from wells nearby for cattle. Dateline geologists have spent the past 12 months meticulously compiling a modern relational database from information provided by Barrick as part of the acquisition. The vast majority of this information was transcribed from paper plans, cross sections, water analysis reports and monthly mining reports.

The information compiled from pre-mine exploration generally correlated well with the bench plans and reconciliation reports. The data tends to indicate that the grades increase with depth and the mine closed before many of these zones could be recovered.