Information
RESERVES AS OF OCTOBER 23, 2000
1 070 717 t @ 7.51 g/t gold, for 258 670 oz.
Information
MINING RESERVES AS OF JANUARY 2003
Closed mine, depletion of reserves.
Information
JANUARY 1, 2000 - RESERVES
Proven: 67 500 t @ 19.00 g/t gold
Probable 1: 61 800 t @ 16.35 g/t gold
Probable 2: 173 200 t @ 13.40 g/t gold
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ROUNDED TOTAL: 302 500 t @ 15.23 g/t gold: 148 157 oz
Information
Reserves on December 31, 2001
Proven: 3 730 000 t, at a grade of 4.8 g/t of gold.
Probable: 4 266 000 t, at a grade of 5.5 g/t of gold.
Rounded total: 7 996 000 t, at a grade of 5.2 g/t of gold or 1 327 000 oz.
Ore reserve rejuvenation ratio is estimated to 85%.
Attached Documents
Information
MINERAL RESERVES AS OF JANUARY 1, 2001
Proven: 192 200 tons at a grade of 10.3 g Au/t, representing 63 700 ounces of gold contained.
Probable: 147 900 tons at a grade of 12.0 g Au/t, representing 57 000 ounces of gold contained.
For a total of 340 100 tons at an average grade of 11.1 g Au/t, representing 120 700 ounces of gold contained.
Attached Documents
Information
RESERVES AS OF JANUARY 1, 2001
Geological resources: 1 525 838 t at 11.18 g/t.
Including:
Proven and probable reserves: 297 333 t at 10.42 g/t.
Measured and indicated resources: 1 228 505 t at 11.35 g/t.
Mining resources: 740 795 t at 10.76 g/t.
Information
ORE RESERVE SUMMARY AS OF MARCH 31, 2000
Unbroken Ore Proven: 170 995 tonnes at a grade of 10.81 g/t.
Unbroken Ore Probable: 284 334 tonnes at a grade of 8.03 g/t.
Total Proven and Probable: 455 329 tonnes at a grade of 9.07 g/t.
Dilution of 12.5 % added: 56 916 tonnes at a grade of 1.00 g/t.
TOTAL PROVEN AND PROBABLE (DILUTED):
512 245 tonnes at a grade of 8.17 g/t.
Broken Ore (Proven) underground: 83 348 t at a grade of 8.05 g/t.
Broken Ore (Proven) surface: 6 994 t at a grade of 8.27 g/t.
Total broken ore: 90 342 t at a grade of 8.07 g/t.
TOTAL PROVEN, PROBABLE (DILUTED) AND BROKEN ORE RESERVES:
602 587 tonnes at a grade of 8.16 g/t.
Additional Possible Ore: 330 279 tonnes at a grade of 8.01 g/t.
TOTAL ORE RESERVES: 932 866 tonnes at a grade of 8.12 g/t.
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Broken low grade ore, underground: 82 561 t at a grade of 3.54 g/t.
Broken low grade ore, surface: 26 971 t at a grade of 3.31 g/t.
Total broken low grade ore: 109 532 t at a grade of 3.49 g/t.
Information
DECEMBER 31, 2001
2.5 millions tonnes at 0.64% Nickel, 5.08% Copper.
Attached Documents
Information
Refer to attached document.
Attached Documents
Information
RESERVES AS OF JANUARY 1, 1999
Proven Reserves: 693 000 t @ 6.23 g/t.
Probable Reserves: 2 253 000 t @ 4.47 g/t.
Measured Resources: 357 000 t @ 5.57 g/t.
Indicated Resources: 749 000 t @ 6.08 g/t.
Information
SUMMARY OF ORE RESERVE ON JANUARY 1, 2000
RESERVES
Proven: 344 699 tons @ 0.34 oz/ton (117 093 oz).
Probable: 879 038 tons @ 0.34 oz/ton (301 714 oz).
Total: 2 326 860 tons @ 0.34 oz/ton (418 807 oz).
Possible: 1 019 849 tons @ 0.30 oz/ton (305 508 oz).
RESOURCES
Identified: 3 209 740 tons @ 0.27 oz/ton (856 672 oz).
TOTAL CON MINERAL INVENTORY: 5 453 326 tons @ 0.29 oz/ton (1 580 987 oz).
Attached Documents
Information
As of January 1, 2000, Golden Giant ore reserves total 5 585 892 tonnes grading 9.62 grams per tonne.
Attached Documents
Information
The proven and probable ore reserves at December 31st, 1999 contained 1,725,000 ounces of gold. This was a net decrease of 304,000 ounces from the reserves at December 31st, 1998, which contained 2,029,000 ounces. Depletion due to mining was 350,000 ounces and the increase in reserves was 46,000 ounces of gold.
Open pit reserves will be depleted in five years (2004). Although underground reserves are not defined past the life of the open pit, underground mining is expected to continue. Stockpiled ore is expected to sustain mill operations until the year 2007.
Information
The percentage of reserves renewal was 97% from 1991 to 1998 and 80% for 1998-1999.
Mill recovery is at 95%.
Attached Documents
Information
1999 YEAR END, ORE RESERVE ESTIMATE
Proven (broken): 158,748 t, at a grade of 6.83 g/t (34,851 oz).
Proven (in-situ): 421,049 t, at a grade of 11.01 g/t (148,974 oz).
Total proven: 579,797 t, at a grade of 9.86 g/t (183,825 oz).
Probable: 931,555 t, at a grade of 11.35 g/t (340,058 oz).
Total proven and probable: 1,511,352 t, at a grade of 10.78 g/t (523,883 oz).
*Possible: 38,509 t, at a grade of 4.93 g/t (6,102 oz).
* - Projection of # 6 Zone below 500 m (1640 ft) on limited drilling information.
- The Toronto Stock Exchange wishes to discourage the use of the "Possible Reserve" designation in favour of "Resource" pending finalization of a new National Policy Statement.
Attached Documents
Information
RESERVE ON JANUARY 1, 2000
Highway zone Resource: 585 000 tons at a grade of 0.120 oz Au/t, representing 70 300 ounces of gold contained.
Underground Proven: 3 650 943 tons at a grade of 0.353 oz Au/t, representing 1 288 093 ounces of gold contained.
Underground Probable: 226 857 tons at a grade of 0.375 oz Au/t, representing 85 005 ounces of gold contained.
Quarter Claim: 145 628 tons at a grade of 0.274 oz Au/t, representing 39 870 ounces of gold contained.
TOTAL DAVID BELL MINE RESOURCES: 4 608 428 tons at a grade of 0.322 oz Au/t, representing 1 483 268 ounces of gold contained.
Reconciliation is done on a yearly basis. The purpose is to determine the accuracy and to prove the geological reserves. During the working year, a close attention was paid to the grade, tonnage and mined ounces. This information was compared against the geological reserve estimates prepared for the stopes that were mined. Mill assays and monthly reports are closely scrutinized against the reserves and a margin of error is calculated. The reconciliation of the ore reserves at the David Bell mine has proven the margin of error to be less than 10%.
Attached Documents
Information
Refer to attached document.
Attached Documents