Proven and Probable Mineral Reserves
| December 31, 2019 | December 31, 2019 (Updated) | |||||
|---|---|---|---|---|---|---|
| Tonnes (millions) |
Grade (g/t Au) |
Oz Au (000's) |
Tonnes (millions) |
Grade (g/t Au) |
Oz Au (000's) |
|
| Underground | ||||||
| Proven | 1.07 | 4.40 | 150 | 1.07 | 4.40 | 150 |
| Probable | 1.51 | 3.70 | 180 | 1.51 | 3.70 | 180 |
| Total | 2.58 | 4.00 | 330 | 2.58 | 4.00 | 330 |
| Open Pit | ||||||
| Probable | 1.35 | 1.10 | 50 | 1.35 | 1.10 | 50 |
| Grand Total | 3.93 | 3.00 | 380 | 3.93 | 3.00 | 380 |
NOTES:
1 The Mineral Reserve Estimate has an effective date of December 31 2019.
2 The CIM Definition Standards were followed for Mineral Reserves.
3 Mineral Reserves for open pit are estimated at a cut off grade of 0.40 g/t Au.
4 Mineral Reserves for underground are estimated at a cut off grade of 2.00 to 3.00 g/t Au.
5 Mineral Reserve economics are estimated using an average long term gold price of US$1,348 per ounce.
6 Dilution of 15% was factored into the estimation of underground Mineral Reserves.
7 All figures are rounded and use significant figures Subtotals, totals and weighted averages are calculated from quantities before rounding and significant figures.