Resources
Cerro Blanco Mineral Resource Estimate at a 0.4 g/t Au cut-off
| Resource Category | Tonnes ('000) |
Gold Grade (g/t) |
Silver Grade (g/t) |
Contained Au ('000 oz) |
Contained Ag ("000 oz) |
| Measured | 40,947 | 1.8 | 7.9 | 2,382 | 10,387 |
| Indicated | 22,595 | 1.0 | 4.2 | 706 | 3,058 |
| Measured and Indicated | 63,542 | 1.5 | 6.6 | 3,089 | 13,445 |
| Inferred | 1,672 | 0.6 | 2.1 | 31 | 112 |
| Below Pit (Indicated) | 189 | 5.7 | 13.4 | 35 | 82 |
| Stockpile (Measured) | 30 | 5.4 | 22.6 | 5 | 22 |
- Prepared by Garth Kirkham (Kirkham Geosystems Ltd.) an Independent Qualified Person in accordance with NI 43-101.
- Effective date: June 20, 2021. All mineral resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) definitions, as required under NI 43-101.
- Mineral Resources reported demonstrate reasonable prospect of eventual economic extraction, as required under NI 43-101. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The Mineral Resources may be materially affected by environmental, permitting, legal, marketing, and other relevant issues.
- Cut-off grades are based on a price of US$1,600/oz gold, US$20/oz silver and a number of operating cost and recovery assumptions, including a reasonable contingency factor.
- An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
- Resources identified below the PEA pit shell that are amenable to underground mining (3.5 g/t cut off)