Investor Presentaiton
+UATNAN - A WORLD-CLASS DEPOSIT
CURRENT MINERAL RESOURCE ESTIMATE
Notes:
1.
2.
The Mineral Resources provided in this table were estimated
by M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of
GoldMinds Geoservices Inc., using current Canadian Institute
of Mining, Metallurgy and Petroleum (CIM) Standards on
Mineral Resources and Reserves, Definitions and Guidelines.
Mineral Resources which are not Mineral Reserves do not
have demonstrated economic viability. The estimate of
Mineral Resources may be materially affected by
environmental, permitting, legal, title, market or other
relevant issues. The quantity and grade of reported Inferred
Mineral Resources are uncertain in nature and there has not
been sufficient work to define these Inferred Mineral
Resources as indicated or Measured Mineral Resources.
There is no certainty that any part of a Mineral Resource will
ever be converted into Mineral Reserves.
The Mineral Resources presented here were estimated with
a block size of 3mE x 3mN x 3mZ. The blocks
were interpolated from equal-length composites (3 m)
calculated from the mineralized intervals.
The Mineral Resource estimate was completed using the
inverse distance to the square methodology utilizing three
runs. For run 1, the number of composites was limited to ten
with a maximum of two composites from the same drillhole.
For runs two and three the number of composites was
limited to ten with a maximum of one composite from the
same drillhole.
The Measured Mineral Resources classified using a minimum
of four drillholes. Indicated resources classified using a
minimum of two drillholes. The Inferred Mineral Resources
were classified by a minimum of one drillholes.
Tonnage estimates are based on a fixed density of 2.9 t/m3.
A pit shell to constrain the Mineral Resources was developed
using the parameters presented in Table 4. The effective
date of the current Mineral Resources is January 10, 2023.
Mineral Resources are stated at a cut-off grade of
5.75% C(g).
IN-PIT CONSTRAINED MINERAL RESOURCES
Tonnes (Mt)
Grade (% Cg)
Cg (Mt)
Measured 5.75% < Cg < 25%
15.65
15.2
2.38
Measured Cg > 25%
3.35
30.6
1.02
Total Measured
19.02
17.9
3.40
Indicated 5.75% < Cg < 25%
40.29
14.6
5.89
Indicated Cg > 25%
6.33
31.6
2.00
3.
Total Indicated
46.62
16.9
7.89
4.
Indicated + Measured 5.75% < Cg < 25%
55.94
14.8
8.27
Indicated Measured Cg > 25%
9.70
31.2
3.03
Total Measured + Indicated
65.64
17.2
11.30
5.
Inferred 5.75% < Cg < 25%
15.35
14.9
2.28
6.
Inferred Cg > 25%
Total Inferred
2.47
31.8
0.79
7.
17.82
17.2
3.07
8.
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