Resources
| Category |
Tonnes |
Au (g/t) |
Contained Ounces |
| Measured |
3,000 |
8.95 |
900 |
| Indicated |
1,279,000 |
5.74 |
236,000 |
| Inferred |
1,546,000 |
5.93 |
294,000 |
|
Source: NI 43-101 Technical Report, August 1, 2008
- The mineral resource estimate for the Discovery Project was prepared by Mr, Carl Pelletier, B.Sc., P.Geo. of InnovExplo, an independent qualified person under NI 43-101, assuming a gold price of U.S.$850 in the first 5 years, and U.S.$750 thereafter. Applied varying cut-off grades depending on the type of mining method contemplated.
- The effective date of the estimate is June 17, 2008.
- This estimate conforms with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101). U.S. investors should refer to the company’s most recent 40F/Annual Information Form for an overview on how Canadian standards differ significantly from U.S. requirements. Mineral Resources, having demonstrated economic viability, are not Mineral Reserves.
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