Updated NI 43-101
The new Mineral Resource estimate has yielded a small increase in average grade and for Salave represents a 28% increase from the 944,000 combined Measured and Indicated ounces defined in the Company’s previous resourceestimate at the same cut-off grade of 2.0 g/t Au, released in March 2014 and restated on 2 February 2017.
The MRE has been classified and reported in accordance with JORC and the CIM Code. The Mineral Resource has been reported above a cut-off of 2 g/t Au and is current to 31 October 2018. The MRE follows 2,217 metres of core drilling completed in 2018 and based on a revised interpretation of the Salave Deposit. The updated combined Measured and Indicated Mineral Resource now totals 8.21 million tonnes grading 4.58 g/t Au, containing 1.21 million ounces of gold, plus inferred resources totalling 3.12 million tonnes grading 3.47 g/t Au, containing 348,000 ounces of gold.