Resources

Class Tonnes Au (g/t) Ag (g/t) Au Ounces Ag Ounces
Indicated 3,731,000 10.2 36.5 1,242,000 4,468,000
Inferred 243,000 6.0 4.2 47,000 33,000

Notes on Resource Estimate:

  1. Mineral resources are not mineral reserves and have not demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
  2. The mineral resources in this presentation 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.
  3. Mineral resources are reported at a cut-off grade of 3.75 gpt gold assuming: metal price of US$1,250 per ounce of gold and US$16 per ounce of silver, mining cost of US$49 per tonne, G&A cost of US$17 per tonne, processing cost of US$26 per tonne, process recovery of 91% Au.
  4. All figures have been rounded to reflect the relative accuracy of the estimates.