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Haile Gold Mine Estimated Resource 1
| Resource Classification Date |
Metric
Tonnes
(000's) |
Gold
g/t |
Short Tons
(000's) |
Gold
oz/t |
Cont oz
(000's) |
| Measured |
1‐Sep‐08
2‐Feb‐09
26‐Mar‐09
14‐Oct‐09 |
12,264 |
1.708 |
13,518 |
0.050 |
673 |
| 12,588 |
1.737 |
13,876 |
0.051 |
703 |
| 13,786 |
1.782 |
15,196 |
0.052 |
790 |
| 24,258 |
1.885 |
26,739 |
0.055 |
1,470 |
| |
| Indicated |
1‐Sep‐08
2‐Feb‐09
26‐Mar‐09
14‐Oct‐09 |
22,698 |
1.136 |
25,020 |
0.033 |
829 |
| 26,158 |
1.216 |
28,835 |
0.035 |
1,022 |
| 13,999 |
1.837 |
15,431 |
0.054 |
827 |
| 20,374 |
1.064 |
22,458 |
0.031 |
697 |
| |
| Measured + Indicated |
1‐Sep‐08
2‐Feb‐09
26‐Mar‐09
14‐Oct‐09 |
34,961 |
1.336 |
38,538 |
0.039 |
1,502 |
| 38,746 |
1.385 |
42,710 |
0.040 |
1,725 |
| 27,785 |
1.810 |
30,627 |
0.053 |
1,617 |
| 44,632 |
1.510 |
49,198 |
0.044 |
2,167 |
| |
| Inferred |
1‐Sep‐08
2‐Feb‐09
26‐Mar‐09
14‐Oct‐09 |
26,148 |
0.807 |
28,823 |
0.024 |
679 |
| 27,547 |
0.858 |
30,365 |
0.025 |
760 |
| 57,452 |
0.889 |
63,329 |
0.026 |
1,643 |
| 61,179 |
1.002 |
67,437 |
0.029 |
1,971 |
1 The resource calculations were completed by Gustavson Associates, LLC of Boulder, Colorado under the direction of Mr. Donald E. Hulse, PE, an independent Qualified Person pursuant to NI 43-101. The National Instrument 43-101 Technical Report was filed on SEDAR on December 3, 2009. On April 6, 2010, the Company filed on SEDAR an amended December 3, 2009 NI 43-101 Technical Report on the Resource Estimate (revised April 1, 2010) with the only significant change being the inclusion of the March 17, 2009 feasibility study. Please refer to the disclosures statements and forward looking statements.
Mineable Reserves by Cutoff 1
Haile Project
Lancaster County SC.
Estimated Minable Reserve |
| Proven Reserve |
Tonnes
(000s) |
Gold Grade
(g/t) |
Contained Gold
(000 oz) |
| 0.015 oz/t (0.514g/t) |
8,331 |
2.28 |
610 |
| 0.020 oz/t (0.686 g/t) |
7,282 |
2.52 |
590 |
| Probable Reserve |
|
|
|
| 0.015 oz/t (0.514 g/t) |
12,290 |
1.84 |
729 |
| 0.020 oz/t (0.686 g/t) |
10,529 |
2.05 |
695 |
| Proven and Probable Reserve |
|
|
| 0.015 oz/t (0.514 g/t) |
20,621 |
2.02 |
1,338 |
| 0.020 oz/t (0.686 g/t) |
17,811 |
2.24 |
1,285 |
| Inferred Resource within Designed Pit |
|
|
| 0.015 oz/t (0.514 g/t) |
4,883 |
1.36 |
214 |
| 0.020 oz/t (0.686 g/t) |
3,912 |
1.55 |
195 |
1 A Feasibility Study was completed in February 2009 by a group of independent experts that included Roberts and Schaefer for process plant design, Vector Engineering for site civil and geotechnical work. Water Management for hydrology, Gustavson Associated for mine design, RDi and Phillips Enterprises for metallurgical development and Haynsworth Sinker & Boyd LLC for South Carolina tax and local regulatory statutes. Results of that Feasibility Study are included in the SEDAR filed NI 43-1010 Technical Report on Haile Gold Mine Project dated March 17th, 2009
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