SUBSCRIBE TO NEWS

CONTACT US

The JORC Code compliant resources delineated as at 31 December 2016 (COSE removed) are listed in the table below:

Gross Resources (PGSA-Fomicruz)
MEASURED RESOURCES
Area Name Measured Grade (g/t) Metal (oz)
Tonnes Au Ag AuEq Au Ag AuEq**
Cap-Oeste 825,626 1.66 42.81 2.28 44,107 1,136,395 60,577
TOTAL Measured 825,626 1.66 42.81 2.28 44,107 1,136,395 60,577
INDICATED RESOURCES
Area Name Indicated Grade (g/t) Metal (oz)
Tonnes Au Ag AuEq Au Ag AuEq**
La Manchuria 425,705 2.95 135 4.07 40,380 1,848,211 55,684
Cap-Oeste 12,392,738 2.06 59.84 2.92 819,118 23,840,690 1,164,626
Lomada* 4,000,465 0.48 NA NA 61,919 NA 61,919
TOTAL Indicated 16,818,908 1.70 47.51 2.37 921,417 25,688,901 1,282,229
INFERRED RESOURCES
Area Inferred Grade (g/t) Metal (oz)
Tonnes Au Ag AuEq Au Ag AuEq**
La Manchuria 1,469,020 1.530 49.40 1.92 72,335 2,335,236 90,682
Cap-Oeste 8,392,000 1.000 25.79 1.43 269,000 696,000 385,000
Lomada 3,412,270 0.672 NA NA 73,726 NA 73,726
TOTAL Inferred  13,293,290  0.99  8.18  1.32 423,061 3,495,236 565,408
 Net Attributable Resources (PGSA)
MEASURED RESOURCES
Area Name Measured Grade (g/t) Metal (oz)
Tonnes Au Ag AuEq Au Ag AuEq**
Cap-Oeste 1,723,000 2.89 47.84 3.58 160,000 2,649,000 198,000
TOTAL Measured 1,723,000 2.89 47.84 3.58 160,000 2,649,000 198,000
INDICATED RESOURCES
Area Name Indicated Grade (g/t) Metal (oz)
Tonnes Au Ag AuEq Au Ag AuEq**
Calcatreu 8,816,000 2.43 23.78 2.75 690,000 6,740,000 778,000
La Manchuria 383,135 2.95 135 4.07 36,342 1,663,390 50,116
Cap-Oeste1 9,500,167 2.07 62.85 2.97 631,658 19,197,239 908,108
Lomada 3,600,419 0.48 NA NA 55,727 NA 55,727
TOTAL Indicated 22,299,721 1.97 38.50 2.50 1,413,727 27,600,629 1,791,951
INFERRED RESOURCES
Area Inferred Grade (g/t) Metal (oz)
Tonnes Au Ag AuEq Au Ag AuEq**
Calcatreu2 7,571,000 1.41 14.12 1.59 343,000 3,438,000 388,000
La Manchuria 1,322,118 1.530 49.40 1.92 65,102 2,101,712 81,614
Cap-Oeste 4,405,277 1.37 34.74 1.87 193,857 4,919,962 264,714
Lomada 3,071,043 0.672 NA NA 66,353 NA 66,353
TOTAL Inferred 16,369,438  1.27  19.87  1.52 668,312 10,459,674 800,681
* Lomada resource has not been depleted during 2016 to take account of production during the period, pending completion of third party estimation. Cap-Oeste pending third party depletion for mined material to end June 2017.
** AuEq oz were calculated on the prevailing Au:Ag ratio at the date of publication of the JORC/43-101 compliant resource reports for the individual projects.
*** The Company holds a 90% interest in PGSA, with the remaining 10% being held by the Santa Cruz government’s wholly-owned mining company, Fomento Minero de Santa Cruz Sociedad del Estado (“FOMICRUZ”). The net attributable resource shows the 90% of the Cap-Oeste resource that is attributable to the Company.
COSE resource has removed following completion of its disposal on 31 May 2017.

Comments are closed.