Resources Statement - Dec 2011 (Micon)
Gold Price (US$) 1,200/oz Quantity (kt) Grade(g/t) Contained Gold (k oz)
Measured & Indicated Resources
O/P 8,250,000 1.04 275,550
U/G 30,000 2.10 2,030
Total (M&I) Resouces 8,280,000 1.04 277,580
Inferred Resources
O/P 5,120,000 1.14 187,710
U/G 1,210,000 2.61 101,540
Total Inferred 6,330,000 1.42 289,250

This resource estimate significantly increases the overall understanding and confidence of the mineral resource and has identified additional nearby areas of potential extensions along strike and at depth within the deposit. The reported open pit mineral resource extends from surface to a vertical depth of approximately 255 metres. The underground portion of the resource was determined from a block model which extends to 640 metres below surface, with the deposit remaining open to depth.

Scientific and technical information on this website has been reviewed and approved by Mr. Ron Stewart (P.Eng) a 'qualified person' as defined by NI 43-101. For additional information, please review the Technical Report section of this website or visit the Company's profile at www.SEDAR.com