Resource Estimate & Technical Reports

Mineral Resource Estimate Details

White Gold Project, Yukon Territory, Mineral Resource Statement, ACS April 15, 2023.

Area Type Classification Cut-off (g/t) Tonnes (000's) Grade (g/t) Contained Gold (oz)
Golden Saddle Open Pit Indicated 0.4 15,241 2.25 1,103,900
Inferred 3,569 1.39 159,700
Underground Indicated 2.5 224 3.86 27,800
Inferred 535 3.68 63,200
Arc Open Pit Indicated 0.4 642 1.03 21,200
Inferred 5,426 1.15 201,000
Underground Inferred 2.5 36 3.23 3,700
Ryan Open Pit Inferred 0.4 3,373 1.89 205,300
Underground Inferred 2.5 214 3.25 22,400
QV Open Pit Inferred 0.4 5,836 1.53 287,100
             
All Deposits Open Pit Indicated 0.4 15,883 2.20 1,125,100
All Deposits Open Pit Inferred 0.4 18,203 1.46 853,100
All Deposits Underground Indicated 2.5 224 3.86 27,800
All Deposits Underground Inferred 2.5 785 3.54 89,300
All Deposits Total Indicated   16,107 2.23 1,152,900
All Deposits Total Inferred   18,989 1.54 942,400
  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.
  5. Open pittable resources are constrained by GEOVIA Whittle optimized pit shells using a 0.4 g/t Au cut-of grade and are considered to have reasonable prospects for eventual economic extraction, assuming a gold price of US$1,800 per ounce, a C$:US$ exchange rate of 0.75. an open pit mining cost of CDN$3.25 per tonne, a processing and G&A cost of CDN$27.50 per tonne milled, and gold recoveries of 92% for Golden Saddle, and VG, along with 85% for Arc and Ryan’s Surprise. Underground resources assume a mining cost of CDN$120/tonne.
  6. The following bulk density values for mineralized material were used: Golden Saddle (2.62 – 2.65 t/m3), Arc (2.55 t/m3), Ryan’s Surprise (2.63 t/m3) and VG (2.65 t/m3).
  7. High-grade gold assay values have been capped as follows: Golden Saddle and Arc (8 – 18 g/t Au), Ryan’s Surprise (9 g/t Au) and VG (3 – 10 g/t Au).
  8. The Statement of Estimates of Mineral Resources has been compiled by Mr. Gilles Arseneau, Ph.D.,P.Geo, of ARSENEAU Consulting Services (“ACS”). Mr. Arseneau has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity that he has undertaken to qualify as a Qualified Person as defined in the CIM Standards of Disclosure. 
  9. All numbers are rounded. Overall numbers may not be exact due to rounding.

White Gold Project 2023 NI43-101

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