Mineral Resource Estimation Sample Clauses

Mineral Resource Estimation. The mineral resource estimations were made from 3-dimensional block models generated using commercial mine planning software (MineSight). The mineral resource estimate was generated from drill-hole sample assay results and a geologic model which relies on the spatial distribution of gold. Individual domains, reflecting distinct zones or types of mineralization, have been defined and interpolation characteristics have been defined for each domain based on the geology, drill-hole spacing and geostatistical analysis of the data. The degree of confidence in the resources has been classified based on the proximity to sample locations and/or surface exposures and are reported, as required by NI 43-101, according to the CIM standards on Mineral Resources and Reserves. The report includes only estimates for mineral resource. No mineral reserves are prepared or reported in this Technical Report. Based on the information available in the drilling database (401 drill holes including core and RC holes), 3-dimensional wireframe solids were generated for the CX and Range Front fault zones. The shape and location of the gold bearing “high-grade” (HG) portion within these fault zones were estimated using a combination of geostatistical and geologically interpretative methods. The block model grade interpolation, by ordinary kriging, was conducted using hard boundary code matching within the HG zone domains. For comparison purposes, inverse distance and nearest neighbor estimations of grade were also conducted. The Mineral Resources contained within the HG zones of the combined CX and Range Front zones are shown in Table 1-1 and are classified as Measured, Indicated and Inferred as per CIM reporting standards. Based on projected economic and technical parameters, derived primarily from nearby (similar) operations, the “base case” operating cut-off grade for the P▇▇▇▇▇ deposit in estimated to be 0.20 ounces per ton gold. Table 1-1: Mineral Resource, Combined CX and Range Front Zones Measured 0.15 445 0.27 119 Indicated 0.15 1,313 0.30 400 Measured + 0.15 1,758 0.30 519 Indicated 0.20 1,467 0.32 467 Inferred 0.15 4,211 0.32 1,332 (Base case cut-off grade = 0.20optAu)