NI43-101 resource base for underground mine
|Cut-off||Measured||Indicated||Measured + Indicated||Inferred|
|Tonnes||Au g/t||oz Au||Tonnes||Au g/t||oz Au||Tonnes||Au g/t||oz Au||Tonnes||Au g/t||oz Au|
• Rounding may cause apparent discrepancies
• Resource estimate conducted by Mine Development Associates, Inc. effective date of January 22, 2014
• Mineral resources that are not mineral reserves do not have demonstrated economic viability
The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured resource category.
The resource cut-off grade of 2.0 g/t Au was chosen to capture mineralization that is potentially amenable to underground mining, sulfide concentration, and gold recovery using off-site processing. Due to the necessity to maintain a surficial crown pillar in a potential underground operation, all material from the present surface to a depth of 40 meters is not included in the Salave resources.
In addition to the mineral resource remaining open to the west and at depth, the Company will be targeting other areas of known high grade and inferrred mineralization within the current resource model for infill drilling. The company believes there are excellent opportunities to expand the measured and indicated resource base beyond the million ounce threshold at a 2.0 g/t cut off which is achievable at the current gold price.