San Gold Corporation (SGRCF)

[goldenpolarbear]

"... Greg Gibson is most recently CEO of San Gold Corporation and President and CEO of Kerr Mines Inc., a director of Mag Copper Ltd. and a director of SGX Resources. ..."
Really ? Hmmm...?
http://www.klondexmines.com/i/pdf/ppt/12-15%20R_Lake%20Marketing%20Pres_FINAL.pdf

http://www.barkervillegold.com/investors/news/executive-officer-appointments

http://www.bloomberg.com/research/stocks/private/person.asp?personId=53413930&privcapId=875762

Notes to Rice Lake Historical Mineral Estimate
A historical estimate of the mineral reserves and resources at Rice Lake as at December 31, 2014, as reported by San Gold Corporation (a prior owner of Rice Lake) in its annual information form dated March 31, 2015 (the "San Gold AIF") for the financial year ended December 31, 2014, which refers to the technical report dated effective February 4, 2013 and amended on February 25, 2013 (with an effective date of mineral resources and mineral reserves of December 31, 2012) as updated by subsequent press releases of San Gold (all of which are available at www.sedar.com under San Gold's profile), is shown in this presentation. A qualified person has not done sufficient work to classify this historical estimate as current mineral resources or mineral reserves and Klondex is not treating such estimate as current mineral resources or mineral reserves.

The key assumptions, parameters and methods used to prepare the estimate are described in the San Gold AIF. As discussed in the San Gold AIF, mineral reserves and mineral resources were prepared by San Gold in accordance with NI 43-101 under the supervision of a qualified person. As discussed in the San Gold AIF, mineral reserves were calculated by San Gold using a gold price of C$1,350 per ounce. A cut-off grade of 4.11 g/tonne gold was used for estimating mineral reserves. A cut-off grade of between 2.74 and 3.43 g/tonne gold was used for estimating mineral resources. Proven and probable mineral reserves are included in the measured and indicated mineral resources.

Inferred Resources are in addition to Measured and Indicated Resources. Inferred Resources have a great amount of uncertainty as to their existence and whether they can be mined legally or economically. It cannot be assumed that all or any part of the Inferred Resources will ever be upgraded to a higher category. See "Cautionary Note Concerning Reserve & Resource Estimates".

http://www.barkervillegold.com/assets/docs/nr/2015-01-13_NR_5GnQTt.pdf