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Sunday, November 17, 2013 1:24:50 PM
SUMMARY OF RESERVES AND RESOURCES (N.I. 43-101 Table 22-1) Category M3 Tonnes Grade Oz/T Ounces Au Measured Reserve 360,000 720,000 0.0506 36,432 Indicated Resource 3,500,000 7,000,000 0.0337 235,900 Inferred Resource 27,000,000 54,000,000 0.0337 1,819,800 Highlights: -- Combined mineral resource of 2,092,132 ounces of gold -- 61,720,000 tonnes of total mineable material of which 7,720,000 tonnes are of Measured Reserve and Indicated Resource mineable material -- The above 7,720,000 tonnes of mineable material would produce between 60 - 80 ounces per day at a production rate of 2000 tonnes per day -- Estimated production cost is $135.00 per ounce of gold
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