NI 43-101 Resource Estimate
|Area||Type||Classification||Cut-off (g/t)||Tonnes (000's)||Grade (g/t)||Contained Gold (oz)|
- Indicated Mineral Resource of 1,139,900 gold ounces within 15,571,000 tonnes at 2.28 g/t gold, and Inferred Mineral Resource of 402,100 gold ounces within 9,001,000 tonnes at 1.39 g/t gold, from the Golden Saddle (“GS”) and Arc deposits.
- GS Main contains a consistent high-grade core of 1,036,000 gold ounces at a grade of 2.67 g/t gold in the Indicated category and 270,700 gold ounces at a grade of 1.60 g/t gold Inferred using a >1 g/t cut-off. Included in this high-grade core is 572,400 gold ounces at a grade of 4.67 g/t gold in the Indicated category and 36,100 gold ounces at a grade of 4.52 g/t gold Inferred using a >3 g/t cut-off.
- GS & Arc mineralization remains open along strike and down dip/plunge.
- Mineralization known to extend beyond the limits of the current resource
Notes on Resource Estimate:
(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
(2) The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
(3) The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
(4) The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.