Calais Resources (CAAUF)

[kudos2u]

Colorado Assets

Cross / Caribou Mines - Nederland, Colorado

Started in 1869 – Historic Production - 20 million oz of Silver & 500,000 oz of Gold
Historic Resources (PAH - 2002)

Measured & Indicated – 443,000 tons
Gold - 0.57 oz per ton (19.5 gm / tonne)
Silver - 18.3 oz per ton (627 gm / tonne)

Asset Summary

Inferred – 579,000 Tons
Gold – 0.29 oz per ton (9.93 gm / tonne)
Silver – 7.49 oz per ton (256 gm / tonne)

Measured, Indicated & Inferred – 1,022,000 tons
Gold – 0.41 oz per ton (14.0 gm / tonne)
Silver – 12.2 oz per ton (418 gm / tonne)

Identified Over 100 near vertical veins – true widths between 3ft (1m) to over 20ft (6.1m)
Based on 175,000ft (53,500m) of core drilling and extensive underground sampling
Land Position - 500 Acres Patented and 1800 Acres Unpatented