Resource Estimate & Technical Reports

Golden Saddle and Arc Deposits

 

 

Area  Type Classification Cut-off (g/t) Tonnes (000's) Grade (g/t) Contained Gold (oz)
GS Open Pit Indicated 0.5 14,815 2.31 1,098,300
Inferred 3,454 1.43 159,100
Underground Indicated 3 143 4.53 20,800
Inferred 326 4.33 45,300
Arc Open Pit Indicated 0.5 613 1.06 20,800
Inferred 5,221 1.18 197,700

Highlights:

 

VG Deposit

 

Deposit
 
Indicated Resource Inferred Resource
Tonnage (000's) Grade (g/t) Contained Gold (ounces) Tonnage (000's) Grade (g/t) Contained Gold (ounces)
VG - Near Surface -- -- -- 5,264 1.62 267,600

Highlights:

 

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.

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