Horne 5 Project

Reserves and Resources

RESOURCE SUMMARY
PROVEN & PROBABLE
Resource Class Tonnes (mm) Au Equivalent g/t Au g/t Ag g/t Cu % Zn % Contained Au EQ (000 oz) Contained Au (000 oz) Contained Ag (000 oz) Contained Cu (mm lbs) Contained Zn (mm lbs)
Proven 8.4 2.35 1.41 15.75 0.17 0.75 614 368 4,115 31.5 138.9
Probable 72.5 2.37 1.44 13.98 0.17 0.78 5,347 3,247 31,525 271.7 17.6
Total P&P 80.9 2.37 1.44 14.14 0.17 0.77 5,961 3,616 35,64 303.2 156.5
MEASURED & INDICATED + INFERRED (at C$55 NSR cut-off)
Resource Class Tonnes (mm) Au Equivalent g/t Au g/t Ag g/t Cu % Zn % Contained Au EQ (000 oz) Contained Au (000 oz) Contained Ag (000 oz) Contained Cu (mm lbs) Contained Zn (mm lbs)
Measured 9.3 2.59 1.58 16.20 0.19 0.83 770 470 4,824 38.0 168.5
Indicated 81.9 2.56 1.55 14.74 0.18 0.89 6,731 4,07 38,796 325.4 1,599.3
Total M&I 91.2 2.56 1.55 14.89 0.18 0.88 7,501 4,54 43,62 363.4 1,767.8
Inferred 21.5 2.51 1.44 23.04 0.20 0.71 1,736 1 15,925 96.3 337.2