The Yellowknife Gold Project contains the Ormsby Zone, the Bruce Zone, the Nicholas Zone, the Clan Main Zone and the Goodwin Vad Zone. The resource estimates are based on geological models for which the nature and orientation of the mineralization is derived from the results of diamond drilling programs, underground mapping and sampling of decline development as well as on an extensive amount of technical data obtained during previous exploration programs. Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
The effective date of this mineral resource estimate is July 1, 2012 and is based on data received by SRK in August 2011. The resource estimate was completed by Jeffrey Volk, CPG, FAusIMM, Principal Resource Geologist with SRK Consulting (U.S.) in accordance with CSA, NI 43-101 and have been estimated in conformity with generally accepted CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices” guidelines.
The effective date of this mineral reserve estimate is July 28, 2012. The mineral reserve estimate was calculated by Bret C Swanson, BE (Min) MMSAQP #04418QP, of SRK Consulting (U.S.) in accordance to CSA, NI 43-101 standards and generally accepted CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices” guidelines.
The resource and reserve estimates have been published in a Company News Release August 15, 2012 (Series 13, Release 13). Valmar Pratico, P.Geol., a designated QP within the meaning of NI 43-101, has reviewed this resource and reserve summary and approves of its content.
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