Project

Resource

The PEA had established an economic cut-off of 0.15 g/t gold based on assumptions of operating costs for a potential open pit operation. The following table presents the updated resource at various cut-off grade:

Measured plus Indicated Resource

Au Cut-off
(g/t)
Tonnes > Cut-off
(tonnes)
Grade > Cut-offContained Metal
Au (g/t)Ag (g/t)Au (g/t)Ag (g/t)
0.15306,530,0000.390.643,880,0006,280,000
0.20238,840,0000.460.663,510,0005,030,000
0.25187,240,0000.520.673,140,0004,020,000
0.30149,260,0000.590.682,810,0003,240,000
0.4096,030,0000.720.692,210,0002,130,000
0.5065,040,0000.850.691,770,0001,450,000

Inferred Resource

Au Cut-off
(g/t)
Tonnes > Cut-off
(tonnes)
Grade > Cut-offContained Metal
Au (g/t)Ag (g/t)Au (g/t)Ag (g/t)
0.15450,640,0000.280.614,110,0008,900,000
0.20307,410,0000.340.633,320,0006,250,000
0.25203,740,0000.390.652,580,0004,240,000
0.30136,250,0000.450.661,980,0002,900,000
0.4061,590,0000.590.691,160,0001,360,000
0.5032,180,0000.720.69740,000710,000
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