Technical Report on the Mineral Resources and Mineral Reserves at Meadowbank Gold Mine, Nunavut, Canada
as at December 31, 2011
NTS 56E/4 and 66H/1, UTM (Zone 14): 638,000 metres East, 7,214,000 metres North
PREPARED FOR
Agnico-Eagle Mines Limited
145 King Street East, Suite 400 Toronto, Ontario, Canada M5C 2Y7
Telephone: / 416.947.1212
Facsimile: / 416.367.4681
BY
Marc Ruel, P.Geo. Alex Proulx, ing. Pathies Nawej Muteb, ing. Larry Connell, P.Eng.
February 15, 2012
Date and Signature Page
The data on which the contained Mineral Reserve and Mineral Resource estimate for the Meadowbank mine is based were current as of the Effective Date, February 15, 2012. The undersigned are all qualified persons and were responsible for preparing or supervising the preparation of parts of this Technical Report, as described in Item 2.
(Signed by) Marc Ruel Date: _March 23, 2012_
Marc Ruel, P.Geo.
(Quebec #0365), (sealed)
(Signed by) Alexandre Proulx Date: _ March 23, 2012
Alexandre Proulx, ing.
(OIQ #117423), (sealed)
(Signed by) Pathies Nawej Muteb Date: March 23, 2012_
Pathies Nawej Muteb, ing.
(OIQ #144728), (sealed)
(Signed by) Larry Connell Date: March 23, 2012_
Larry Connell, P.Eng.
(British Columbia #23696, Ontario #9099508, NWT/NU #L1720), (sealed)
Contents DATE AND SIGNATURE PAGE ...... II ITEM 1. SUMMARY ...... 1 1.1 PROPERTY DESCRIPTION AND LOCATION ...... 1 1.2 GEOLOGICAL SETTING AND DEPOSIT TYPE ...... 1 1.3 EXPLORATION ...... 2 1.4 MINING OPERATIONS ...... 2 1.5 MINERAL PROCESSING AND METALLURGY ...... 3 1.6 MINERAL RESOURCE AND RESERVE ESTIMATES ...... 3 1.7 CONCLUSIONS ...... 5 1.8 RECOMMENDATIONS ...... 6 ITEM 2. INTRODUCTION...... 8 2.1 TERMS OF REFERENCE ...... 8 2.2 QUALIFIED PERSONS ...... 8 2.1 SOURCES OF INFORMATION ...... 10 2.2 UNITS OF MEASURE AND ABBREVIATIONS ...... 10 ITEM 3. RELIANCE ON OTHER EXPERTS...... 12 ITEM 4. PROPERTY DESCRIPTION AND LOCATION ...... 13 4.1 LOCATION ...... 13 4.2 AREA OF THE PROPERTY AND LAND TENURE STATUS ...... 13 4.3 DETAILS OF THE VARIOUS PROPERTY HOLDINGS ...... 17 4.4 ROYALTIES AND OTHER ENCUMBRANCES ...... 18 4.5 ENVIRONMENTAL LIABILITIES ...... 18 4.6 REQUIRED PERMITS ...... 18 4.7 OTHER SIGNIFICANT FACTORS AND RISKS...... 20 ITEM 5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ...... 21 5.1 TOPOGRAPHY, ELEVATION, FLORA AND FAUNA ...... 21 5.1 PROXIMITY TO A POPULATION CENTRE ...... 21 5.2 ACCESS TO THE PROPERTY ...... 21 5.3 CLIMATE AND LENGTH OF OPERATING SEASON ...... 22 5.4 SURFACE RIGHTS FOR MINING OPERATIONS ...... 24 5.5 SOURCES OF WATER AND POWER ...... 24 5.6 SURFACE WATER REGIME ...... 24 5.7 SOURCE OF MINING PERSONNEL ...... 25 5.8 INFRASTRUCTURE AREAS ...... 26 ITEM 6. HISTORY ...... 28 6.1 PREVIOUS WORK AND PRIOR OWNERSHIP...... 28 6.2 2007-PRESENT – AGNICO-EAGLE OWNERSHIP ...... 33
i Meadowbank Mine Technical Report, February 15, 2012 ITEM 7. GEOLOGICAL SETTING ...... 37 7.1 REGIONAL GEOLOGY ...... 37 7.2 LOCAL GEOLOGY ...... 39 7.3 STRATIGRAPHY ...... 40 7.4 STRUCTURAL GEOLOGY...... 42 7.5 METAMORPHISM ...... 42 7.6 MINERALIZATION ...... 43 ITEM 8. DEPOSIT TYPE ...... 45 8.1 PORTAGE AND GOOSE DEPOSITS ...... 45 8.2 VAULT DEPOSIT ...... 46 ITEM 9. EXPLORATION ...... 47 ITEM 10. DRILLING ...... 48 10.1 DIAMOND DRILLING ...... 49 10.2 SAMPLING METHOD AND APPROACH...... 50 10.3 DRILL SAMPLE SUMMARY AND INTERPRETATION OF RESULTS ...... 52 ITEM 11. SAMPLE PREPARATION, ANALYSES AND SECURITY ...... 54 11.1 SAMPLE PREPARATION ...... 54 11.2 LABORATORIES ...... 55 11.3 AGNICO-EAGLE QA/QC MEASURES ...... 57 ITEM 12. DATA VERIFICATION ...... 61 12.1 PREVIOUS VERIFICATIONS ...... 61 12.1 VERIFICATION OF ALL DATABASES FOR THIS REPORT ...... 62 12.2 QA/QC MONITORING AND VERIFICATION ...... 64 ITEM 13. MINERAL PROCESSING AND METALLURGICAL TESTING ...... 65 13.1 MINERAL PROCESSING ...... 65 ITEM 14. MINERAL RESOURCE ESTIMATES ...... 66 14.1 PORTAGE RESOURCE ESTIMATE ...... 67 14.2 GOOSE OPEN PIT RESOURCE ESTIMATE ...... 81 14.3 GOOSE UNDERGROUND RESOURCE ESTIMATE ...... 91 14.4 VAULT RESOURCE ESTIMATE ...... 99 14.5 MEADOWBANK GLOBAL RESOURCE ESTIMATION ...... 109 ITEM 15. MINERAL RESERVE ESTIMATES ...... 111 15.1 OPEN PIT OPTIMIZATION ...... 111 15.2 PIT DESIGNS ...... 115 15.3 MINERAL RESERVES ...... 119 ITEM 16. MINING OPERATIONS ...... 121 16.1 WHITTLE OPTIMIZATION ...... 121 16.2 PIT SLOPE PARAMETERS ...... 122 16.3 WALL STABILITY SAFETY MEASURES ...... 128
ii Meadowbank Mine Technical Report, February 15, 2012 16.4 PIT DESIGNS ...... 128 16.5 SURFACE MINING ...... 128 16.6 UNDERGROUND MINING ...... 132 16.7 PRODUCTION FORECAST...... 132 ITEM 17. RECOVERY METHODS ...... 135 17.1 PROCESS AND PLANT DESCRIPTION ...... 135 17.2 RECOVERABILITY ...... 137 17.3 CHANGES WITH THE NEW LIFE OF MINE PLAN ...... 137 17.4 REQUIREMENTS FOR ENERGY, WATER, AND PROCESS MATERIALS ...... 138 ITEM 18. PROJECT INFRASTRUCTURE...... 139 18.1 PROCESS FACILITIES ...... 139 18.2 POWER PLANT ...... 141 18.3 FUEL TANK FARMS ...... 141 18.4 SHOP AND WAREHOUSE COMPLEX ...... 141 18.5 CAMP ACCOMMODATION COMPLEX ...... 142 18.6 OTHER FACILITIES ...... 142 18.7 RECLAIM WATER ...... 142 18.8 INCINERATOR ...... 143 18.9 EMULSION PLANT...... 143 18.10 AIRSTRIP...... 143 18.11 ALL-WEATHER ROAD ...... 143 18.12 DEWATERING DIKES ...... 144 ITEM 19. MARKET STUDIES AND CONTRACTS ...... 147 19.1 MARKETS ...... 147 19.2 CONTRACTS ...... 147 ITEM 20. ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL AND COMMUNITY IMPACTS ...... 150 20.1 ENVIRONMENTAL STUDIES AND ISSUES ...... 150 20.2 WASTE, TAILINGS AND WATER MANAGEMENT ...... 151 20.3 PERMITTING ...... 155 20.4 SOCIAL AND COMMUNITY-RELATED AGREEMENTS, ACTIVITIES AND PLANS ...... 156 20.5 MINE CLOSURE REQUIREMENTS AND COSTS ...... 156 ITEM 21. CAPITAL AND OPERATING COST ESTIMATES ...... 159 ITEM 22. ECONOMIC ANALYSIS ...... 160 22.1 TAXATION AND ROYALTIES ...... 162 22.2 SENSITIVITY ANALYSIS ...... 162 ITEM 23. ADJACENT PROPERTIES ...... 163 ITEM 24. OTHER RELEVANT DATA AND INFORMATION ...... 163 ITEM 25. INTERPRETATIONS AND CONCLUSIONS ...... 163 25.1 RESULTS AND INTERPRETATIONS ...... 163 iii Meadowbank Mine Technical Report, February 15, 2012 25.1 RISKS AND POTENTIAL IMPACTS ...... 164 ITEM 26. RECOMMENDATIONS ...... 165 26.1 ENVIRONMENTAL PERMITTING ...... 165 26.2 GEOLOGY ...... 165 26.3 MINING ...... 165 26.4 MILLING ...... 166 26.5 ECONOMICS ...... 166 26.6 MEADOWBANK ACTION PLAN ...... 166 ITEM 27. REFERENCES ...... 167 APPENDIX A – INTERCEPTS ...... 174
iv Meadowbank Mine Technical Report, February 15, 2012 LIST OF FIGURES FIGURE 4.1 – LOCATION OF THE MEADOWBANK MINE IN THE NUNAVUT TERRITORY, CANADA .... 13 FIGURE 4.2 – MEADOWBANK PROPERTY MAP SHOWING LEASES AND EXPLORATION CONCESSIONS ENCOMPASSING BOTH INUIT-OWNED LANDS AND AANDC LANDS (NAD83, ZONE 1 GRID) ...... 14 FIGURE 5.1 – BAKER LAKE’S >20 BLIZZARD EVENTS PER YEAR ARE THE MOST IN CANADA ...... 24 FIGURE 5.2 – CAMP, MINING INFRASTRUCTURE AND AIRSTRIP ...... 26 FIGURE 5.3 – OVERALL VIEW OF THE INSTALLATIONS ...... 27 FIGURE 6.1 – LOCATION OF MINERALIZED ZONES ON MEADOWBANK PROPERTY ...... 29 FIGURE 7.1 – REGIONAL GEOLOGY (PEHRSSON AND WILKINSON, 2004) ...... 38 FIGURE 7.2 – SIMPLIFIED STRATIGRAPHY IN THE GOOSE AND PORTAGE AREA ...... 40 FIGURE 7.3 – LOCAL GEOLOGY MAP AND LOCATION OF THE MAIN KNOWN DEPOSITS ...... 41 FIGURE 10.1 – PORTAGE PLAN SHOWING DRILL HOLE TRACES ...... 52 FIGURE 10.2 – GOOSE PLAN SHOWING DRILL HOLE TRACES ...... 53 FIGURE 10.3 – VAULT PLAN SHOWING DRILL HOLE TRACES ...... 53 FIGURE 11.1 – QQ SCATTER PLOT FOR COARSE DUPLICATES DURING 2009-2011 ...... 59 FIGURE 11.2 – QQ SCATTER PLOT FOR PULP DUPLICATES DURING 2011 ...... 60 FIGURE 14.1 – MAP SHOWING PORTAGE DEPOSIT DRILL HOLE LOCATIONS ...... 68 FIGURE 14.2 – ISOMETRIC VIEW OF THE PORTAGE DEPOSIT’S MINERALIZED ZONES, AS IN THE DECEMBER 31, 2010 MODEL ...... 69 FIGURE 14.3 – PORTAGE PIT SECTION 6375N LOOKING NORTH (2010 VS. 2011 INTERPRETATION) 70 FIGURE 14.4 – PORTAGE PIT SECTION 7000N LOOKING NORTH (2010 VS. 2011 INTERPRETATION) 71 FIGURE 14.5 – AN HISTOGRAM SHOWING GOLD GRADE DISTRIBUTION OF THE SAMPLES FROM THE PORTAGE DEPOSIT ...... 72 FIGURE 14.6 – ISOMETRIC VIEW (LOOKING NORTH) OF ZONE 110 IN THE PORTAGE PIT AREA ...... 74 FIGURE 14.7 – MAP SHOWING DRILL-HOLE LOCATIONS IN THE GOOSE OPEN PIT DEPOSIT ...... 82 FIGURE 14.8 – GOOSE PIT SECTION 4825N LOOKING NORTH (2010 INTERPRETATION) ...... 83 FIGURE 14.9 – GOOSE PIT SECTION 4825N LOOKING NORTH (2011 INTERPRETATION) ...... 84 FIGURE 14.10 – A HISTOGRAM SHOWING THE GRADE DISTRIBUTION OF SAMPLES FROM ZONE 100 OF THE GOOSE DEPOSIT ...... 85 FIGURE 14.11 – ISOMETRIC VIEW (LOOKING NORTHEAST) SHOWING SEARCH ELLIPSE ORIENTATION GOOSE PIT AREA ...... 87 FIGURE 14.12 – MAP SHOWING GOOSE UNDERGROUND PROJECT DRILL-HOLE LOCATIONS ...... 91 FIGURE 14.13 – INTERPRETED MINERALIZED ZONES OF THE GOOSE UNDERGROUND PROJECT (LOOKING NORTHEAST) ...... 92 FIGURE 14.14 – HISTOGRAM SHOWING THE GRADES OF THE ORIGINAL SAMPLES FROM THE GOOSE UNDERGROUND PROJECT, INCLUDING ALL DOMAINS ...... 93 FIGURE 14.15 – SEARCH ELLIPSE FOR ZONE 100 OF THE GOOSE UNDERGROUND PROJECT...... 95 FIGURE 14.16 – MAP SHOWING THE VAULT DEPOSIT DRILL-HOLE LOCATIONS ...... 100 FIGURE 14.17 – ISOMETRIC VIEW (LOOKING NORTHEAST) OF THE VAULT DEPOSIT’S MINERALIZED ZONES AS OF THE DECEMBER 31, 2010 MODEL ...... 101
v Meadowbank Mine Technical Report, February 15, 2012 FIGURE 14.18 – VAULT PIT DRILLING SECTION 4625N, LOOKING NORTH (2010 VS. 2011 INTERPRETATION) ...... 102 FIGURE 14.19 – HISTOGRAM SHOWING THE GRADES OF THE ORIGINAL SAMPLES FROM THE VAULT DEPOSIT, INCLUDING ALL DOMAINS ...... 103 FIGURE 14.20 – SEARCH ELLIPSE FOR THE VAULT DEPOSIT BASED ON VARIOGRAPHY (LOOKING NORTH-WEST) ...... 105 FIGURE 15.1 – PORTAGE PIT SLOPE PARAMETERS ...... 112 FIGURE 15.2 – GOOSE PIT SLOPE PARAMETERS ...... 113 FIGURE 15.3 – VAULT PIT SLOPE PARAMETERS ...... 114 FIGURE 15.4 – PORTAGE FINAL PIT DESIGN ...... 116 FIGURE 15.5 – GOOSE FINAL PIT DESIGN ...... 117 FIGURE 15.6 – VAULT FINAL PIT DESIGN ...... 118 FIGURE 15.7 – WATERFALL DIAGRAM SHOWS THE MINERAL RESERVE CHANGES FROM DECEMBER 31, 2010 TO DECEMBER 31, 2011 ...... 120 FIGURE 16.1 – SCHEMATIC MINING SEQUENCE FOR THE PORTAGE, GOOSE AND VAULT PITS AT MEADOWBANK MINE. (THREE PITS AT DIFFERENT SCALES.) ...... 133 FIGURE 17.1 – THE MEADOWBANK MILL FLOWSHEET INCLUDING SECONDARY CRUSHING ADDED IN 2011...... 136 FIGURE 18.1 – ALL-WEATHER ROAD ...... 144 FIGURE 18.2 – DEWATERING DIKES AROUND THE PORTAGE AND GOOSE PITS ...... 145 FIGURE 20.1 – LOCATION OF EXISTING AND PLANNED WASTE ROCK PILES AND OF THE TAILINGS STORAGE FACILITY ...... 152 FIGURE 20.2 – LOCATION OF WATER MANAGEMENT STRUCTURES IN RELATION TO MINE INFRASTRUCTURE ...... 154
vi Meadowbank Mine Technical Report, February 15, 2012 List of Tables
TABLE 1.1 – MEADOWBANK MINE MINERAL RESOURCES (EXCLUSIVE OF RESERVES) AS OF DECEMBER 31, 2011 ...... 4 TABLE 1.2 – MINERAL RESERVES OF THE MEADOWBANK MINE AS OF DECEMBER 31, 2011 ...... 5 TABLE 2.1 – RESPONSIBILITIES OF EACH QUALIFIED PERSON ...... 9 TABLE 2.2 – ACRONYMS AND ABBREVIATIONS ...... 10 TABLE 4.1 – CROWN MINING LEASES ...... 15 TABLE 4.2 – NTI EXPLORATION CONCESSIONS ...... 15 TABLE 4.3 – AANDC MINERAL CLAIMS FOR THE MEADOWBANK BLOCK PROPERTY ...... 16 TABLE 4.4 – AANDC MINERAL CLAIMS FOR THE TEHEK BLOCK PROPERTY ...... 16 TABLE 4.5 – SUMMARY OF THE EXPLORATION PERMITS ALREADY RECEIVED OR TO BE RECEIVED . 19 TABLE 4.6 – SUMMARY OF THE OTHER PERMITS ALREADY RECEIVED OR TO BE RECEIVED ...... 19 TABLE 5.1 – ESTIMATED AVERAGE MONTHLY CLIMATE DATA – MEADOWBANK SITE ...... 23 TABLE 5.2 – SUMMARY OF THE ESTIMATED TOTAL VOLUMES OF WATER IN THE LAKES WITHIN THE PROPERTY AREA ...... 25 TABLE 6.1 – MEADOWBANK PROJECT 43-101-COMPLIANT MINERAL RESOURCE ESTIMATE BY CUMBERLAND AS OF JANUARY 2004 (AMEC, 2004) ...... 32 TABLE 6.2 – MEADOWBANK PROJECT 43-101-COMPLIANT MINERAL RESOURCE ESTIMATE BY CUMBERLAND AS OF MARCH 31 (AMEC, 2005A) ...... 32 TABLE 6.3 – MEADOWBANK PROJECT 43-101-COMPLIANT RESERVE AND RESOURCE ESTIMATE AS OF DECEMBER 31, 2007 ...... 33 TABLE 6.4 – MEADOWBANK PROJECT 43-101-COMPLIANT RESERVE AND RESOURCE ESTIMATE AS OF SEPTEMBER 30, 2008 ...... 34 TABLE 6.5 – MEADOWBANK PROJECT RESERVE AND RESOURCE ESTIMATE AS OF DECEMBER 31, 2010...... 35 TABLE 6.6 – MEADOWBANK PROJECT RESERVE AND RESOURCE ESTIMATE AS OF DECEMBER 31, 2011...... 36 TABLE 9.1 – MEADOWBANK PROPERTY EXPLORATION HISTORY SINCE 2007 ...... 47 TABLE 10.1 – DIAMOND DRILLING USED FOR THE MEADOWBANK MINE RESOURCE AND RESERVE ESTIMATE AS OF DECEMBER 31, 2011 ...... 48 TABLE 12.1 – SUMMARY OF THE NUMBERS CHECKED AND THE NUMBER OF ERRORS FOUND FOR EACH DEPOSIT ...... 62 TABLE 14.1 – SUMMARY STATISTICS OF THE ORIGINAL ASSAY SAMPLES. “C.V.” STANDS FOR “COEFFICIENT OF VARIATION”...... 72 TABLE 14.2 – SUMMARY STATISTICS OF THE 2-M COMPOSITES ...... 73 TABLE 14.3 – DENSITY BY LITHOLOGY ...... 73 TABLE 14.4 – GOLD CORRELOGRAMS FOR 2-M COMPOSITES FOR THE TWO MAIN DOMAINS IN THE PORTAGE DEPOSIT ...... 74 TABLE 14.5 – PORTAGE PIT DEPOSIT BLOCK MODEL PARAMETERS ...... 75 TABLE 14.6 – BLOCK MODEL CODING THE PORTAGE DEPOSIT ...... 76 TABLE 14.7 – BLOCK MODEL ATTRIBUTES ...... 77
vii Meadowbank Mine Technical Report, February 15, 2012 TABLE 14.8 – SEARCH ELLIPSE PARAMETERS ...... 78 TABLE 14.9 – COMPARISON OF THREE DIFFERENT MODELS BY CUT-OFF GRADES ...... 78 TABLE 14.10 – RESOURCE COMPILATION WITHIN US$1,600/OZ PIT SHELL (INCLUSIVE OF MINERAL RESERVES) ...... 79 TABLE 14.11 – OFFICIAL RESOURCE COMPILATION FOR PORTAGE DEPOSIT (EXCLUSIVE OF MINERAL RESERVES) ...... 80 TABLE 14.12 – COMPARISON BETWEEN 2010 AND 2011 MODELS ...... 81 TABLE 14.13 – SUMMARY STATISTICS OF THE ORIGINAL ASSAY SAMPLES ...... 85 TABLE 14.14 – SUMMARY STATISTICS OF THE -M COMPOSITES (BY ZONE) ...... 86 TABLE 14.15 – GOLD CORRELOGRAM FOR 2-M COMPOSITES FOR THE MAIN DOMAIN OF THE GOOSE DEPOSIT ...... 86 TABLE 14.16 – GOOSE PIT DEPOSIT BLOCK MODEL PARAMETERS ...... 87 TABLE 14.17 – BLOCK MODEL CODING ...... 88 TABLE 14.18 – BLOCK MODEL ATTRIBUTES ...... 88 TABLE 14.19 – SEARCH ELLIPSE PARAMETERS ...... 89 TABLE 14.20 – COMPILATION WITHIN THE DECEMBER 2010 PIT DESIGN ...... 89 TABLE 14.21 – RESOURCE COMPILATION WITHIN US$1,600/OZ PIT SHELL (INCLUSIVE OF MINERAL RESERVES) ...... 90 TABLE 14.22 – RESOURCE COMPILATION FOR THE GOOSE OPEN PIT DEPOSIT (EXCLUSIVE OF MINERAL RESERVES) AS OF DECEMBER 31, 2011 ...... 90 TABLE 14.23 – SUMMARY STATISTICS OF THE ORIGINAL ASSAY SAMPLES ...... 93 TABLE 14.24 – SUMMARY STATISTICS OF THE 2-M COMPOSITES ...... 94 TABLE 14.25 – GOLD CORRELOGRAM FOR ZONE 100 OF THE GOOSE UNDERGROUND PROJECT ..... 94 TABLE 14.26 – GOOSE UNDERGROUND DEPOSIT BLOCK MODEL PARAMETERS ...... 95 TABLE 14.27 – BLOCK MODEL CODING, GOOSE UNDERGROUND DEPOSIT ...... 96 TABLE 14.28 – BLOCK MODEL ATTRIBUTES FOR THE GOOSE UNDERGROUND PROJECT ...... 96 TABLE 14.29 – SEARCH ELLIPSE PARAMETERS ...... 97 TABLE 14.30 – ECONOMIC PARAMETERS USED FOR UNDERGROUND CUT-OFF GRADE CALCULATION ...... 97 TABLE 14.31 – GOOSE UNDERGROUND PROJECT RESOURCE COMPILATION ...... 98 TABLE 14.32 – SUMMARY STATISTICS OF THE ORIGINAL ASSAY SAMPLES ...... 103 TABLE 14.33 – SUMMARY STATISTICS OF THE 2M COMPOSITES ...... 104 TABLE 14.34 – GOLD CORRELOGRAM FOR ZONE 100 OF THE VAULT DEPOSIT ...... 105 TABLE 14.35 – VAULT DEPOSIT BLOCK MODEL PARAMETERS ...... 106 TABLE 14.36 – BLOCK MODEL CODING FOR THE VAULT DEPOSIT ...... 106 TABLE 14.37 – BLOCK MODEL ATTRIBUTES ...... 106 TABLE 14.38 – SEARCH ELLIPSES PARAMETERS ...... 107 TABLE 14.39 – COMPILATION WITHIN THE DECEMBER 31, 2010 PIT DESIGN ...... 107 TABLE 14.40 – RESOURCE COMPILATION WITHIN US$1,600/OZ PIT SHELL (INCLUSIVE OF MINERAL RESERVES) ...... 108
viii Meadowbank Mine Technical Report, February 15, 2012 TABLE 14.41 – MINERAL RESOURCES WITHIN THE US$1,600/OZ PIT SHELL (EXCLUSIVE OF MINERAL RESERVES) ...... 109 TABLE 14.42 – MEADOWBANK MINE MINERAL RESOURCES (EXCLUSIVE OF MINERAL RESERVES) AS OF DECEMBER 31, 2011 ...... 110 TABLE 15.1 – ECONOMIC PARAMETERS USED FOR PIT OPTIMIZATION ...... 115 TABLE 15.2 – ECONOMIC PARAMETERS USED FOR RESERVE CALCULATION (ML: WATCH THE FORMAT) ...... 115 TABLE 15.3 – MINERAL RESERVES OF THE MEADOWBANK MINE AS OF DECEMBER 31, 2011 ...... 119 TABLE 16.1 – MEADOWBANK’S LOM PLAN FOR ANNUAL MINED AND MILLED TONNAGES AND GRADES AS OF JANUARY 27, 2012 ...... 121 TABLE 16.2 – WHITTLE OPTIMIZATION INPUT PARAMETERS ...... 122 TABLE 16.3 – MINIMUM SAFETY FACTORS USED FOR SLOPE STABILITY AT MEADOWBANK ...... 123 TABLE 16.4 – COMPARISON OF THE POSSIBLE PLANAR FAILURES BETWEEN THE AGNICO-EAGLE AND GOLDER (2007) STUDIES WITH ROCPLANE FOR GOOSE ...... 124 TABLE 16.5 – COMPARISON OF THE POSSIBLE WEDGE FAILURES BETWEEN THE AGNICO-EAGLE AND GOLDER (2007) STUDIES WITH SWEDGE FOR GOOSE ...... 125 TABLE 16.6 – COMPARISON OF THE POSSIBLE PLANAR FAILURES BETWEEN THE AGNICO-EAGLE AND GOLDER (2007) STUDIES WITH ROCPLANE FOR PORTAGE ...... 126 TABLE 16.7 – COMPARISON OF THE POSSIBLE WEDGE FAILURES BETWEEN THE AGNICO-EAGLE AND GOLDER (2007) STUDIES WITH SWEDGE FOR PORTAGE ...... 127 TABLE 16.8 – MEADOWBANK MINE’S PROVEN PLUS PROBABLE RESERVE AS OF DECEMBER 31, 2011 ...... 129 TABLE 16.9 – PRODUCTION EQUIPMENT FLEET REQUIREMENTS ...... 130 TABLE 16.10 – LOADING PARAMETERS ...... 131 TABLE 16.11 – PURCHASE SCHEDULE FOR THE PRODUCTION EQUIPMENT ...... 132 TABLE 16.12 – ESTIMATED MINING EQUIPMENT DIESEL FUEL CONSUMPTION ...... 132 TABLE 16.13 – MINE PRODUCTION FORECAST ...... 134 TABLE 17.1 – GOLD RECOVERABILITY EXPECTED FOR THREE MAIN DEPOSITS ...... 137 TABLE 19.1 – MAJOR SERVICE CONTRACTS ...... 148 TABLE 19.2 – MAJOR GOODS CONTRACTS ...... 149 TABLE 20.1 – ESTIMATED RECLAMATION LIABILITY AT MEADOWBANK AT THE END OF THE MINE OPERATING LIFE (C$) ...... 158 TABLE 21.1 – CAPITAL COST ESTIMATE ACCORDING TO THE 2012 LOM PLAN (THOUSANDS OF CANADIAN DOLLARS) ...... 159 TABLE 21.2 – ANNUAL OPERATING COST ESTIMATES ACCORDING TO THE 2012 LOM PLAN (THOUSANDS OF CANADIAN DOLLARS) ...... 159 TABLE 22.1 – MINE PRODUCTION FORECAST FOR THE MEADOWBANK MINE, 2012-2017 ...... 161 TABLE 22.2 – MEADOWBANK PROJECT CASH FLOW EVOLUTION (C$000S) ...... 161 TABLE 22.3 – ECONOMIC AND SENSITIVITY, AGNICO-EAGLE MEADOWBANK DIVISION, NUNAVUT (IN CS MILLIONS) ...... 162
ix Meadowbank Mine Technical Report, February 15, 2012 Item 1. Summary The Meadowbank open pit gold mine located near Baker Lake, Nunavut Territory is a 100% owned "Material Asset" of Agnico-Eagle Mines Limited and has been in commercial operation since March 1, 2010. Agnico-Eagle Mines Limited is a publicly owned company whose shares are listed on the Toronto Stock Exchange, and is a "Producing Issuer" according to the rules and definitions provided by the Canadian Securities Administrators. In a press release dated February 15, 2012, Agnico-Eagle Mines Limited disclosed a significant reduction (a "Material Change") in the Meadowbank mine's mineral reserves and mineral resources compared to its previous disclosure of the mine's mineral reserves and resources that was dated February 16, 2011. The written disclosure of February 15, 2012 triggered the obligation under the Canadian Securities Administrator New Mining Rule (National Instrument 43-101) for Agnico-Eagle Mines Limited to file a Technical Report describing the resource and mineral reserve estimate for the Meadowbank mine. The previously disclosed Meadowbank Technical Report dates back to December 15, 2008. The current Technical Report was prepared as a collaborative effort by Agnico-Eagle Mines Limited staff and independent expert consultants supervised by staff.
1.1 Property description and location The Meadowbank mine is located in the Kivalliq district of Nunavut and lies in the Third Portage Lake area, approximately 70 km north of the Hamlet of Baker Lake near the western shore of Hudson Bay. The mine property covers almost 67,000 ha. The general site area consists of low, rolling hills with numerous lakes. The topography in the immediate vicinity of the project area is generally flat, with relief on the order of 10 to 12 m near the main deposit areas, and as high as 60 m locally. Elevations vary from about 133 masl (metres above sea level) along the lake shorelines to about 200 masl. This location is in the tundra region of the central sub-Arctic, and is considered to have an arid arctic climate with temperatures ranging from +5°C to -40°C in the winter (from October to May) and from -5°C to +25°C throughout the summer (from June to September).
1.2 Geological setting and deposit type The Meadowbank gold deposits are hosted by a series of polydeformed and metamorphosed iron formations and schists of the Neo-Archean Woodburn Lake Group, in the western Churchill Geological Province. The deposit area is underlain by a complex package of intermediate volcaniclastic rocks and wackes with subordinate, interlayered iron formation, pelitic and ultramafic schists, and quartzite. The deposits are located within a structurally complex area in a narrow neck of supracrustal rocks, sandwiched between granite plutons. The intermediate volcanic rocks are predominately volcaniclastic in origin and have a geochemical composition that is consistent with an active continental margin setting. There are
1 Meadowbank Mine Technical Report, February 15, 2012 intercalated ultramafic rocks. The contact between the ultramafic rocks and the overlying quartz arenite is a disconformity marked by a quartz pebble conglomerate. Three metamorphic events are recognised, varying from greenschist to amphibolite facies. The structural geology of the area is complex, with four events of deformation recognised, two of which have significant effects on the geometry of the deposist. All of these regional events are interpreted as Paleo-Proterozoic in age. Relationships between deformation fabrics and mineralization, as well as the overall geometry of the mineralized envelopes, suggest that the deposits were formed during the first and second deformation events. The main control on gold mineralization at Meadowbank is the replacement of magnetite by pyrrhotite and/or pyrite in high-strain corridors. Gold mineralization in the Meadowbank deposits can be classified in two main deposit types— iron formation hosted gold and lode gold (disseminated/replacement style)—although several different styles of mineralization can be commonly found in the same area. The iron formation hosted deposits are represented by the Portage and Goose deposits, while the disseminated/replacement lode gold deposits are best represented by the Vault deposit.
1.3 Exploration Exploration efforts on the Meadowbank property have been extensive since 1985 including geophysics, prospecting, till sampling and drilling, mainly by diamond drill but also reverse circulation. Since acquiring the property in July 2007, Agnico-Eagle has maintained widespread and consistent exploration activity primarily targeting gold occurrences. In 2011, the exploration team completed 80 drill holes (more than 13,000 m) focused untested geophysical anomalies and/or various gold showings throughout the property. As well, the exploration program included compilation and generation of targeting maps using DIAGNOS’s CARDS method; prospecting and collecting till samples over various known and new gold showings throughout the property; and mechanical stripping at one site and restoration of two stripped sites. The current mineral resource and reserve estimate used data from 1,782 diamond drill holes totalling 294,976 metres on the three main deposits: Portage, Goose and Vault.
1.4 Mining operations Mining at Meadowbank is by conventional open pit truck and shovel methods. The operation has been designed to feed ore to a 10,100 tonne/day processing plant (3.7 million tonnes of ore per year). Since the Portage and Goose deposits are partly submerged by Second Portage and Third Portage lakes, dewatering dikes are required to allow open pit mining beneath these lakes. The ultimate mining project will comprise four water-retaining structures. Dikes are also used to enclose the different cells of the tailings storage facility.
2 Meadowbank Mine Technical Report, February 15, 2012 Waste stripping operations have provided building material for dike construction as well as the site airstrip and other infrastructure. The Meadowbank mine and plant have been in commercial operation since March 1, 2010. To date, mining has been restricted to the Portage pit. The Goose pit will begin production during 2012 followed by the two Vault pits starting in 2014. A WHITTLE open pit optimization analysis was used to determine optimum economic pit limits. The results of the WHITTLE optimization work have been used as a guide in the development of new detailed designs for the Portage, Goose and Vault pits. A new Life of Mine (LOM) plan for the Meadowbank project was completed on January 27, 2012 in response to higher than expected production costs in the first two years of operation.
1.5 Mineral processing and metallurgy The process design is based on a conventional gold plant flowsheet consisting of primary gyratory crushing, grinding, gravity concentration, cyanide leaching, and gold recovery in a carbon-in-pulp (CIP) circuit. The mill was designed to operate 365 days per year with an annual design capacity of 3.1 million tonnes (8,500 tonnes per day) and produce an approximate average of 360,000 ounces of gold per year. The addition of a secondary crusher in early summer 2011 increased the overall throughput capacity in the mill to 3.59 million tonnes per year (9,840 tonnes per day). Since the installation of the permanent secondary crusher in June 2011, the plant has been consistently exceeded 8,500 tonnes per day. In 2011, the Meadowbank plant achieved an average gold recovery of 93.8%. In summer 2011, the SAG mill liners, grate design were reviewed and the SAG mill motor capacity was increased and other upgrades and modifications are underway in the plant in order to support a throughput of 450 tonnes per hour (10,800-12,000 tonnes per day). Metallurgical test work and gold recovery studies are scheduled to be completed in 2012 to re-evaluate the gold recovery and grinding specifications for the Vault deposit.
1.6 Mineral resource and reserve estimates The Meadowbank drill-hole databases were managed by Cumberland Resources Ltd. until April 2007. Since April 2007, new drilling data have been collected, validated by QA/QC protocols, compiled and verified by Agnico-Eagle. The program consists of monitoring the gold assay results from a regular insertion of standard materials, blanks and core duplicate samples into the Meadowbank Project sample stream sent to Independent assay laboratories and submitting check assays to different laboratories. The current mineral resource and mineral reserve model for the Meadowbank mine, with the exception of the PDF deposit model, was prepared by independent expert consultants, Belzile
3 Meadowbank Mine Technical Report, February 15, 2012 Solutions Inc. with the support of InnovExplo Inc. and G Mining. This model incorporates the latest surface drilling results at Meadowbank and is current to December 31, 2011. Four different estimates were performed for the resources update: the Portage deposit (open pit), Vault deposit (open pit) and Goose deposit (open pit and underground). The PDF deposit resource estimation was not updated in 2011, but remains unchanged from 2010. Table 1.1 is a compilation of the mineral resource estimate for the Meadowbank mine as of December 31, 2011.
Table 1.1 – Meadowbank mine mineral resources (exclusive of reserves) as of December 31, 2011
Indicated resources Inferred resources Grade Gold Grade Gold Deposit Location Cut-off grade (g/t gold) Tonnes Tonnes (g/t (000 (g/t (000 (000) (000) gold) oz) gold) oz)
Within US$1,255/oz Portage open pit 0.75 to 1.02 1,828 0.84 49.1 8 0.85 0.2 pit shell
Within US$1,255/oz Portage open pit > 1.02 191 3.74 23.0 pit shell Within US$1,600/oz Portage open pit 0.75 to 1.02 290 0.84 7.8 15 0.81 0.4 pit shell Within US$1,600/oz Portage open pit > 1.02 3,109 2.94 294.1 127 2.11 8.6 pit shell Within US$1,255/oz Vault open pit 0.75 to 1.02 1,491 0.83 40.0 pit shell Within US$1,255/oz Vault open pit > 1.02 8 2.37 0.6 pit shell Within US$1,600/oz Vault open pit 0.75 to 1.02 1,052 0.84 28.3 13.4 0.84 0.4 pit shell Within US$1,600/oz Vault open pit > 1.02 6,873 2.37 524.8 89.6 1.93 5.6 pit shell Within US$1,255/oz Goose open pit 0.75 to 1.02 230 0.84 6.2 pit shell Goose Below US$1,255/oz > 2.84 2,341 4.85 364.7 2,213 4.36 310.1 underground pit shell PDF deposit US$848 >1.14 1,079 3.18 110.5 Total 17,213 2.38 1,315 3 745 3.81 459.3
Open pit optimization was conducted on the three open pits planned at Meadowbank to determine the optimal economic shapes of the pits in three dimensions. The mineral reserves were estimated using a marginal economic cut-off grade of 1.02 g/t gold. Inside the reserve pits, the blocks classified as indicated and higher grade than the economic cut-off for reserves (1.02 g/t gold before dilution) were disclosed as the probable reserve. The parameters used for pit optimization and those to establish reserve cut-off grades are slightly different, the result of having to start the lengthy optimization calculations before December 31, 2011, when the official determination of the gold price and exchange rate was made. The pit design used a US$1,109/oz gold price and an exchange rate of C$0.98/US$1.00. The mineral reserve estimates were made using metal price and foreign exchange rates that are historic three- 4 Meadowbank Mine Technical Report, February 15, 2012 year averages: US$1,255 per ounce of gold and an exchange rate of C$1.05/US$1.00. Therefore the mineral reserves were chosen from indicated (and measured) resource blocks that are located inside the previously designed open pit shell (that used more conservative metal price and foreign exchange parameters).
With the new LOM plan, the long, narrow Portage pit will have final dimensions of 2,237 m long by approximately 345 m wide and 134 m deep. The Goose pit will be small, measuring 617 m long by 324 m wide and 118 m deep, and will be will be located just south of the Portage pit. The Vault deposit will be mined with two separate pits, a larger one and smaller one to the south; the larger Vault pit will measure 990 m long by 507 m wide and 127 m deep. At Meadowbank, the tonnes and grades of reserves take into account a recovery factor of 95% applied on the ounces due to the impact of the dilution. The total proven and probable mineral reserves at Meadowbank mine as of December 31, 2011 are estimated at 24.5 million tonnes at 2.79 g/t gold containing 2.20 million ounces of gold. A breakdown of the reserves by category and deposit is given in Table 1.2.
Table 1.2 – Mineral reserves of the Meadowbank mine as of December 31, 2011
Proven reserves Probable reserves Proven + Probable reserves Location Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold (000 oz) (000) (g/t gold) (000 oz) (000) (g/t (000 (000) (g/t gold) gold) oz) Stockpiles 1,931 1.49 92.4 1,931 1.49 92.4 Portage 10,592 2.98 1,015.6 10,592 2.98 1,015.6 Goose 2,332 3.96 296.9 2,332 3.96 296.9 Vault 9,639 2.57 796.0 9,639 2.57 796.0 Total 1,931 1.49 92.4 22,563 2.91 2,108.5 24,494 2.79 2,200.9
Gold contained in the total proven and probable reserves (as of December 31, 2011) decreased by approximately 37.6% or close to 1.3 million ounces (net of depletion from block models) over the past year, mostly attributable to the cost increases in 2011. Changes in geological interpretations and block model parameters also negatively impacted the reserves.
1.7 Conclusions In the new LOM plan, the total material (mine, waste and overburden) to move per year has been set at 32 million tonnes from 2012 to 2014, 25 million tonnes in 2015, 12 million tonnes in 2016 and 0.6 million tonnes in 2017. The mill will process approximately 10,100 tonnes/day (3.7 million tonnes/year) of ore from 2012 through 2016, and 0.5 million tonnes in 2017. Changes currently underway in the process plant will allow it to deliver the expected targets of the new LOM plan without any major issues. With the new plan, the plant is expected to achieve a 94.0% gold recovery rate. The average annual production from the Meadowbank mine will be approximately 362,000 ounces of gold from 2012 through 2016, and 38,000 in 2017. The operating costs per tonne are
5 Meadowbank Mine Technical Report, February 15, 2012 expected to be C$81.30 over the LOM, while the cash cost to produce gold will range from C$594/oz to C$948/oz depending on the year, averaging C$840/oz over that period. It is believed that the new LOM plan, while expected to produce a similar financial return, is a lower risk option as approximately 73 million tonnes, or 36% less than the previously budgeted ore and waste will be mined under this plan. Under the new plan, the mining will be completed in 2017. The capital cost estimates in the new LOM plan from 2012 through 2017 total approximately C$156.8 million. The results of the financial analysis indicate that the Meadowbank mine project, from 2012 through 2017, has on a pre-tax basis a net present value of C$588 million at a discounted rate of 6%. This analysis supports the new classification of reserves, confirming that the Meadowbank operation is economically sound at current model gold prices.
1.8 Recommendations Continued access to the Meadowbank site for the purposes of mining and milling requires maintenance of the necessary permits, licences, leases and authorizations. Efforts should be undertaken to increase knowledge of the geology of the Meadowbank deposits and the internal mineralization trends and consequently, ways to improve the block model tonnage and gold grades. This should include continuing the infill drilling in the Portage, Goose and Vault pits, and combining the diamond drill hole and blast hole assays as well as implementing geological mapping in the pit, and regularly updating the global geological 3D model outside the actual reserve. There is an exploration budget of C$6.7 million including 18,000 m of diamond drilling at Meadowbank in 2012. More testing at the crushing and/or pulverizing stage is warranted in the sample preparation method to improve the level of precision in assays. The setback distance of the Goose pit should be revised to evaluate the full potential for additional ounces in this pit. The orebody at depth south of the Goose pit should be investigated to determine the potential for an underground mine, including the economics of mining using a ramp from the open pit The minimum pit wall angle at Portage should be revised based on the current understanding of the rock mass properties, which could allow for additional potential in the Portage pit. The mining dilution/recovery could be improved by formulating a plan to match production equipment sizes with the area and size of each ore zone. A scoping study is planned that will include optimization of capital infrastructure at Vault. To fully evaluate the mining plan, the condemnation drilling needs to be completed in the pit area. Metallurgical test work and gold recovery studies need to be performed to confirm the gold recovery and grinding specifications for the deposit. The economics of processing marginal ore at the end of the mine life should be revised. This will require close study of the Central dike construction to the correct elevation.
6 Meadowbank Mine Technical Report, February 15, 2012 Costs should be reduced in all departments in order to lower the cut-off grade for reserves, so more reserves can be mined from the pit. Areas of potential cost savings will be identified through a nine-point action plan for continuous improvement that is already underway.
7 Meadowbank Mine Technical Report, February 15, 2012 Item 2. Introduction The Meadowbank gold mine near Baker Lake, Nunavut, Canada is 100% owned by Agnico- Eagle Mines Limited (Agnico-Eagle) based in Toronto, Ontario, Canada. This open pit gold mine and mill has been in commercial operation since March 1, 2010.
2.1 Terms of reference In a February 15, 2012 press release, Agnico-Eagle reported a new mineral resource and reserve estimate for the Meadowbank mine, dated December 31, 2011, with a total proven and probable reserve that was almost 1.3 million ounces of gold (37%) less than in the previous year’s estimate. Taking into account the ore mined in 2011, there was a loss of about 900,000 ounces of gold in proven and probable reserves compared to the last estimate that was disclosed in February 2011. The mine has experienced a number of challenges during its first two years of production related to lower than expected mill throughput and production grade, and higher than expected operating costs. The orebody geometry and operation in the Arctic are more complex than originally thought, making selective mining difficult and increasing mine-site costs. While the mill throughput is now exceeding the original design rate, the grades to the mill continue to be lower than expected, which has the effect of contributing to an increased cost of production on a per ounce basis. The higher-than-expected mining costs have resulted in Agnico-Eagle implementing a new mine plan that forecasts lower gold production over a shorter mine life. It is believed that the new life of mine plan, while expected to produce a similar return, is a lower risk option, as approximately 73 million tonnes, or 36% less than the previously budgeted ore and waste tonnes will be mined under this plan.
This report presents the technical information supporting the December 31, 2011 mineral resources and reserves for the Meadowbank mine, based on the new optimized mine plan.
2.2 Qualified Persons The compilation of this technical report represents a collaborative effort by Agnico-Eagle staff and independent consultants under the supervision of four Qualified Persons as defined by Canadian National Instrument 43-101, in conformity with generally accepted CIM “Exploration Best Practices” and “Estimation of Mineral Resources and Mineral Reserves Best Practices” guidelines. The Qualified Persons are all Agnico-Eagle employees at the company’s Meadowbank Mine Division in Nunavut, the regional office in Preissac, Quebec, or the head office in Toronto, Ontario. Each Qualified Person retains the responsibility for their contribution as indicated in Table 2.1. Their qualifications and site visits are summarized in the paragraphs below.
8 Meadowbank Mine Technical Report, February 15, 2012 Table 2.1 – Responsibilities of each Qualified Person
Qualified Person Period worked at Meadowbank mine site Responsible for items in this report
Marc Ruel 13 visits since July 2011 1, 2, 6 to 12, 14, 15, 25 to 27, Appendix A Alexandre Proulx September 2011 to present 1 to 3, 15, 16, 18, 19, 21 to 26 Pathies Nawej Muteb May 2011 to present 1, 2, 13, 17, 25, 26 Larry Connell Last visited Meadowbank mine February 3, 1, 2, 4, 5, 20, 25, 26 2012. Typically made two or three trips to mine each year since 2009.
Marc Ruel, P.Geo. (Quebec #0365) is a Qualified Person and has been employed by Agnico- Eagle since August 2005. He is currently Corporate Director of Mine Geology and Grade Control. He has worked for 25 years in the fields of mine geology and exploration. He supervised the preparation of all the geological sections of this report including items 6, 7, 8, 9, 10, 11, 12, 14, 15 (part), 27 and Appendix A. Since July 2011, he has visited and inspected the Meadowbank mine site 13 times for an average of four days per visit, offering technical assistance to the geology team. Mr. Alexandre Proulx, ing. (Quebec #117423) is a Qualified Person who has been employed by Agnico-Eagle since October 2009. He has been General Superintendent – Operations at the Meadowbank mine division since September 20, 2011. He is a mining engineer with 17 years of experience working in the mining industry. He co-authored and supervised the preparation of items 3, 15 (part), 16, 18, 19, 21, 22, 23 and 24 that pertain to engineering, mining and economics in this report. Pathies Nawej Muteb, ing. (OIQ #144728), has been Senior Metallurgist with Agnico-Eagle’s Meadowbank Division since May 2011. He has been employed by Agnico-Eagle since May 2011. As the Qualified Person responsible for the metallurgical aspects of the Meadowbank mine project in this report, he reviewed and updated the work completed in the December 2008 Meadowbank mine technical report (Connell et al., 2008) to prepare items 13 and 17 for this report. Larry Connell, P.Eng. (British Colombia #23696, Ontario #9099508, NWT/NU #L1720), is a Qualified Person and has been employed by Agnico-Eagle since October 2007. He is currently the Corporate Director of Sustainable Development. He is a mining engineer with over 35 years’ experience in the fields of extractive metallurgy, environmental assessment and management and sustainable development, all in the mining industry. He supervised and co-authored items 4, 5, and 20 of this report that deal with the property description, accessibility, environmental permitting and community social impacts. Mr. Connell last visited the Meadowbank mine on February 3, 2012 as Corporate Director of Sustainable Development. Typically he visited the Meadowbank mine two or three times per calendar year in each of 2009, 2010 and 2011 in his roles of coordinating the original environmental assessment and permitting of the Meadowbank mine, and in monitoring ongoing environmental performance and permitting requirements.
9 Meadowbank Mine Technical Report, February 15, 2012 2.1 Sources of Information This technical report is based on the Technical Report on the Mineral Resources and Mineral Reserves dated September 30th, 2008, Meadowbank Gold Project, Nunavut, Canada posted on SEDAR December 5, 2008 (Connell et al., 2008). The information was updated by more recent information from a new Life of Mine (LOM) plan completed in the beginning of 2012 by the Meadowbank mine staff and consultants, including gold price, exchange rates, mine life and improvements in operating costs. On February 15, 2012, Agnico-Eagle released a press release that included a mineral reserve and resource estimate for the Meadowbank mine. The historic three-year average gold and C$/US$ foreign exchange rate used in this mineral resource and reserve estimate (in accordance with the SEC Industry Guide 7) for the period ending December 31, 2011 were $1,255/oz and $C/US$ rate of 1.05, respectively.
2.2 Units of measure and abbreviations Unless otherwise stated, all units of measurement in this report are metric and all costs are expressed in Canadian dollars (C$). The payable metal, gold (Au), is priced in United States dollars (US$) per Troy ounce. The standard unit of mass is the metric tonne (t). KT is equal to 1,000 tonnes. MT is equal to 1,000,000 tonnes. Other units used include kilometre (km), metre (m), millimetre (mm), micrometre (µm), cubic metre (m3, cu.m.), square metre (m2, sq.m.), hectare (ha), gram (g), kilogram (kg), centigrade temperature (°C), litre (l), year (y), million years (Ma), billion years (Ga). Gold metal production is in Troy ounces (oz). Metal concentrations are in grams per tonne (g/t), parts per million (ppm), parts per billion (ppb) and percent (%). Acronyms and abbreviations used in this report are noted in Table 2.2.
Table 2.2 – Acronyms and abbreviations Agnico-Eagle Mines Limited Agnico-Eagle or Company All-weather road AWR Arsenopyrite Aspy Atomic absorption AA Banded Iron Formation BIF Billion Years Ga Canada Department of AANDC Aboriginal Affairs and Northern Development Canada Canadian dollar C$ Carbon in Pulp CIP Cubic feet per metre cfm Cubic metre m3 Degree Celsius °C
10 Meadowbank Mine Technical Report, February 15, 2012 Diamond Drill hole ddh or drill hole Electromagnetic geophysical EM survey Geological Survey of Canada GSC Global Positioning System CPS Gold Au Gram g Grams per tonne g/t Hectare ha High density polyethylene HDPE Horizontal loop geophysical HLEM survey Horsepower HP Induced Polarization IP Inuit Impact Benefit Agreement IIBA Inuit Owned Lands IOL Kilovolt kV Kilogram kg Kilometre km Kivalliq Inuit Association KIA Life of Mine Study LOM Light fuel oil LFO Meadowbank Fuel Farm MFF MegaWatt MW Metre m Metres above sea level masl Millimetre: mm mm Million M Million Years Ma National Instrument 43-101 NI 43-101 Nunavut Impact Review Board NIRB Nunavut Tunngavik Incorporated NTI Ounce oz Parts per billion ppb Parts per million ppm Potentially acid generating PAG Pyrite Py Pyrrhotite Po Qualified Person QP Quality assurance/quality control QA/QC Reverse Circulation RC Semi autogenous grinding SAG Square metre m2 Square kilometre km2
11 Meadowbank Mine Technical Report, February 15, 2012 Tonne t United States Dollar US$ Valued ecosystem component VEC Valued social and economic VSEC component Volt V Watt W
Item 3. Reliance on Other Experts This report was compiled through the efforts of Agnico-Eagle Mines staff under the supervision of Qualified Persons, as described in Item 2 (Introduction). There has been no reliance on experts who are not Qualified Persons in the preparation of this report.
12 Meadowbank Mine Technical Report, February 15, 2012 Item 4. Property Description and Location 4.1 Location The Meadowbank mine is located in the Kivalliq District of Nunavut in northern Canada. It is found on NTS Mapsheets 56 E/4 and 66 H/1, UTM (Zone 14) coordinates 7,214,000mN and 638,000mE, near latitude 65°00'N and longitude 96°00'W. The property lies in the Third Portage Lake area, approximately 70 km north of the Hamlet of Baker Lake (Figure 4.1).
Figure 4.1 – Location of the Meadowbank mine in the Nunavut Territory, Canada
4.2 Area of the property and land tenure status The Meadowbank mine property is 100% owned by Agnico-Eagle Mines Ltd. following the acquisition of Cumberland Resources Ltd. in 2007. As of January 2012 the property covers an area of approximately 66,933.4 ha (Figure 4.2) held under a combination of: Crown Mining Leases (7,394.99 ha); NTI Exploration Concessions (23,126 ha) and; Department of Aboriginal Affairs and Northern Development Canada (AANDC) Mineral Claims (36,412.6 ha).
13 Meadowbank Mine Technical Report, February 15, 2012
Figure 4.2 – Meadowbank property map showing leases and exploration concessions encompassing both Inuit-owned lands and AANDC lands (NAD83, zone 1 grid)
Most of the mineral reserves (the Portage and Goose deposits) and all of the current and proposed Meadowbank mining project infrastructure (camp, airfield, processing plant, tailing ponds, and waste deposits) are located on the Crown Mining Leases (Table 4.1). The Vault and PDF deposits are within the NTI exploration concessions (Table 4.2).
14 Meadowbank Mine Technical Report, February 15, 2012 Table 4.1 – Crown Mining Leases
Claim Name Lease # Effective Date Expiry Date Acres Hectares Dick 3669 13 Dec 1995 13 Dec 2016 1,800 728.46 Carey 3670 13 Dec 1995 13 Dec 2016 2,545 1,029.96 OY 2 3782 27 April 1998 27 April 2019 2,547 1,030.77 OY 3 3783 27 April 1998 27 April 2019 2,582 1,044.94 OY 4 3784 27 April 1998 27 April 2019 1,954 790.78 YO 1 3777 27 April 1998 27 April 2019 1,460 590.86 YO 2 3778 27 April 1998 27 April 2019 2,020 817.49 YO 3 3779 27 April 1998 27 April 2019 1,652 668.56 YO 4 3780 27 April 1998 27 April 2019 1,105 447.19 YO 5 3781 27 April 1998 27 April 2019 607.76 245.96 TOTAL 18,272.76 7,394.99
Table 4.2 – NTI exploration concessions
Claim Name Effective Date Expiry Date Hectares BL -14-99-01 Dec. 31 2000 Dec.31 2018 9,234 BL -14-99-02 Dec. 31 2000 Dec 31 2018 8,502 BL-14-99-03 Dec. 31 2000 Dec 31 2018 5,390 TOTAL 23,126
The NTI concessions are contiguous in places with the Crown Mining Leases and the AANDC mineral claims (Figure 4.2). The AANDC mineral claims are divided into the 16,389.3-ha Meadowbank Block property (Table 4.3) and the 20,023.3-ha Tehek Block property (
Table 4.4). No mineral resources or mineral reserves are located on the AANDC mineral claims. In 2008 Agnico-Eagle staked 16 additional claims (16,659.1 ha) in the Meadowbank area. These claims are included in the AANDC mineral claims for the Tehek Block property.
15 Meadowbank Mine Technical Report, February 15, 2012 Table 4.3 – AANDC mineral claims for the Meadowbank Block property
Claim # Effective Date Expiry Date Acres Hectares F41163 Nov-06-2008 2018-11-06 2 ,507.1 1,014.6 F79394 Jul-21-2006 2017-07-21 2,068.4 837.1 F79395 Jul-21-2006 2017-07-21 1,990.1 805.4 F79396 Jul-21-2006 2017-07-21 2,039.0 825.2 F79397 Jul-21-2006 2017-07-21 1,696.3 686.5 F79398 Jul-21-2006 2017-07-21 734..8 297.4 F79399 Jul-21-2006 2017-07-21 2,161.0 874.5 F79400 Jul-21-2006 2017-07-21 2,513.0 1,017.0 F79401 Jul-21-2006 2017-07-21 2,298.6 930.2 F79402 Jul-21-2006 2017-07-21 1,231.0 498.2 F79403 Jul-21-2006 2017-07-21 2,568.6 1,039.5 F95083 Sep-27-2007 2017-09-27 2,405.0 973.3 F95084 Sep-27-2007 2017-09-27 2,523.0 1,021.0 F95085 Sep-27-2007 2016-09-27 2,182.0 883.0 F95086 Sep-27-2007 2016-09-27 1,586.0 641.8 F95087 Sep-27-2007 2016-09-27 2,556.0 1,034.4 F95088 Sep-27-2007 2016-09-27 1,797.0 727.2 F95089 Sep-27-2007 2016-09-27 2,558.0 1,035.2 F95090 Sep-27-2007 2016-09-27 1,645.0 665.7 F95476 Jul-21-2006 2016-07-21 1,438.8 582.3 TOTAL 40,498.7 16,389.3
Table 4.4 – AANDC mineral claims for the Tehek Block property
Claim # Effective Date Expiry Date Acres Hectares F41167 Nov-06-2008 2018-11-06 2,576.4 1,042.6 F71800 Nov-06-2008 2017-11-06 2,576.4 1,042.6 F71803 Nov-06-2008 2017-11-06 2,576.4 1,042.6 F95091 Sep-27-2007 2017-09-27 1,504.0 608.7 F95092 Sep-27-2007 2015-09-27 2,566.0 1,038.4 F95093 Sep-27-2007 2017-09-27 2,566.0 1,038.4 F95094 Sep-27-2007 2017-09-27 1,677.0 678.7 F95155 Nov-06-2008 2018-11-06 2,572.5 1,041.1 F95482 Nov-06-2008 2018-11-06 2,568.5 1,039.4 F95483 Nov-06-2008 2018-11-06 2,570.5 1,040.2 F95484 Nov-06-2008 2018-11-06 2,572.5 1,041.1 F95486 Nov-06-2008 2018-11-06 2,568.5 1,039.4 F95487 Nov-06-2008 2018-11-06 2,570.5 1,040.2 F95488 Nov-06-2008 2018-11-06 2,572.5 1,041.1 F95490 Nov-06-2008 2018-11-06 2,570.5 1,040.2 F95491 Nov-06-2008 2018-11-06 2,572.5 1,041.1 F95492 Nov-06-2008 2018-11-06 2,574.4 1,041.8 F95493 Nov-06-2008 2018-11-06 2,572.5 1,041.1 F95494 Nov-06-2008 2018-11-06 2 574.4 1,041.8 F95495 Nov-06-2008 2018-11-06 2,576.4 1,042.6 TOTAL 49 478.4 20,023.3
16 Meadowbank Mine Technical Report, February 15, 2012 4.3 Details of the various property holdings 4.3.1 Crown Mining Leases The Crown Mining Leases covering the Portage and Goose deposits (Table 4.1, Figure 4.1) have been legally surveyed and are in good standing. Annual rental fees are $1/acre for the first term (10 years) and $2/acre for subsequent renewals. In 2011, the rental fees were $18,272.76. 4.3.2 NTI exploration concessions Three Mineral Exploration Agreements were signed with NTI in 1999 covering three land parcels numbered BL 14-99-01, 02 and 03 (Table 4.2, Figure 4.2) that form the northeastern part of the Meadowbank property and more specifically include the Vault deposit. These land parcels were not legally surveyed and were acquired by map staking according to staking procedures on Inuit-owned land (IOL). These Mineral Exploration Agreements include a right for Agnico- Eagle to obtain a production lease from NTI to mine any ore found under these exploration agreements and incorporate a typical form for such a Production Lease. Provisions of the agreements include yearly exploration expenditures, fees and standard reporting requirements similar to those existing under federal jurisdictions for assessment work. The yearly land fees and required exploration expenses for the NTI concessions will increase as the exploration agreements mature. During the exploration phase, lands within exploration concessions can be held for up to 20 years. The agreements incorporate a production lease, which was delivered by the KIA in July 2008, allowing for development of the Vault deposit and the associated surface infrastructure. Agnico-Eagle is currently renegotiating the Mineral Exploration Agreement with NTI to include a specific production lease for mining and processing of the Vault deposit. Production from the Vault deposit under this lease will be subjected to a 12% net profit interest royalty in which annual deductions are limited to 85% of gross revenue. All deductions will be placed into one deduction pool and can be carried forward until fully deducted. The agreement also allows for potential participation by the NTI in financing all or part of planned mine development. At the end of 2011 the annual rental fees were $4/ha and $92,504 in fees were paid. At the end of 2011 work commitments of $30/ha were required ($693,780) and $2,573,446 in excess exploration expenses were available for the three land parcels in 2011. 4.3.3 AANDC federal claims The western and southern portions of the Meadowbank property outside of the IOL fall under the Federal claim-staking regulations. These claims, known as the Meadowbank Block and Tehek Block claims, were staked according to the conventional field staking procedure, with wood posts located along the outside boundary of each claim, in accordance with AANDC staking procedures. These land parcels were not legally surveyed and do not contain any resources or reserves. Land fees of $0.10/acre are payable when assessment work is filed. Work requirements are $2/acre per year. In 2011, $899 in land fees were paid and $2,266,670.07 in assessment work was filed.
17 Meadowbank Mine Technical Report, February 15, 2012 4.4 Royalties and other encumbrances The project is 100% owned by Agnico-Eagle. No private royalties or other encumbrances are applicable on the majority of the mineral reserves located on the property; the net profit royalty rate payable to the Crown on production from the Portage and Goose deposits is based on a sliding scale to a maximum of 13%. There is a 12% net profit interest royalty on production from the Vault deposit, which is located on an NTI exploration concession on Inuit-owned land. This is described in more detail in Item 22.
4.5 Environmental liabilities The environmental assessment completed in 2005 and 2006, under Article 12 of the Nunavut Land Claim Agreement under the direction of the Nunavut Impact Review Board (NIRB) concluded that all significant residual environmental impacts associated with the construction, operation and decommissioning of the Meadowbank project could be mitigated, culminating in the issuance of a Project Certificate, which allowed the project to proceed through permitting. These permits were subsequently obtained allowing the project to proceed through construction and into operation. Baseline studies conducted prior to 2005 indicated that water quality in the region prior to development was pristine in nature, that is, all of the conventional water quality parameters (e.g., pH, anions, nutrients, etc.), metals concentrations, and limnological data indicate that water quality of the study and references lakes is good with little to no contaminants present. No sensitive, rare, or endangered species or communities have been identified in the vicinity of the project. According to the Elders of Baker Lake, the area around the Meadowbank mine was not previously used by the Inuit for subsistence fishing, although some fishing did take place several kilometres to the south in the White Hills Lake.
4.6 Required permits 4.6.1 Surface rights The NTI exploration concessions are being explored under an agreement with Nunavut Tunngavik Inc. (NTI), an organization responsible for administering mineral rights on Inuit- owned Lands. NTI administers the sub-surface mineral rights on behalf of the Inuit land owners. The Kivalliq Inuit Association (KIA) administers the surface rights on behalf of the Inuit land owners. Two permits are required to conduct exploration work on Inuit-owned lands in Nunavut Territory. One is a Land Use Permit (an Exploration or Commercial Lease) administered by the KIA. The land use permit requires the company to submit an annual operational plan for KIA approval that sets out the specific exploration and development activity to be carried out on the IOL in the coming year. The other required permit is a Water Use Licence, administered by the
18 Meadowbank Mine Technical Report, February 15, 2012 Nunavut Water Board, which covers the amount of water the project will use in camp and for exploration purposes and licenses associated waste disposal. Table 4.5 outlines the exploration permits held by Agnico-Eagle to allow ongoing exploration in the mineral claims held in the vicinity of the Meadowbank project.
Table 4.5 – Summary of the exploration permits already received or to be received
License Issued by Explanation Licence Expiry date KVRW07F06 Kivalliq Inuit Association Land use, winter road 2012/05/16 KVRW09F01 Kivalliq Inuit Association Land use, winter road 2013/05/31 KVCL303H305 Kivalliq Inuit Association Exploration lease 2015/12/31 2BE-MEA0813 Nunavut Water Board Type B Regional Exploration Water Licence, 215 m3/day 2013/02/28 KVRW11F01 Kivalliq Inuit Association Land use, winter road 2012/05/16 KWL108B19 Kivalliq Inuit Association Land use Prospecting 2013/05/13 N2011C0010 INAC Land use, winter road and drilling 2013/06/09
4.6.2 Other permits Table 4.6 presents a summary of the permits, licences, leases and authorizations held by Agnico- Eagle covering ongoing development, operation and decommissioning of the Meadowbank project.
Table 4.6 – Summary of the other permits already received or to be received
Licensor Type Approved Operation Status Kivalliq Inuit Production Lease KVCL303D280, dated July 24, 2008, amended February 09, 2009 Delivered in July 2008 Association with a term through December 31, 2027, extendable for a future 10 year period. Authorizes construction and operation of open pit, mill, dikes, waste rock storage facility, tailing facility, road, permanent camp Natural Resources ANFO Authority to manufacture ANFO explosive at Meadowbank camp Delivered in January 2007 Canada Manufacturing Certificate Nunavut Impact Environmental Project Certificate No. 4, dated December 20, 2006 good for the life of Delivered in December 2006 Review Board Impact Project the mine. Approval from the NIRB and the Government of Canada for Certificate the Meadowbank project to proceed subject to its terms and conditions Nunavut Water Type A Water Issued on June 09, 2008, amended in April of 2010 with an expiry Delivered in July 2008 Board License #2AM- date of May 31, 2015 at which time the Water License has to be MEA0815 renewed (need to allow a minimum of 1 year for renewal process) . License allows for annual water use of 700,000 cubic meters per year and for the construction, operation and decommissioning of open pit, mill, dikes, waste rock storage facility, tailing facility, road, permanent camp Metal Mining Effluent Federal regulation Allows for the tailings impoundment to be constructed in the NE arm Delivered in July 2008 Regulation of Second Portage Lake Scheduled 2 Fisheries and HADD Infilling of fish habitat as a result of tailing facility construction and Delivered in July 2008 Oceans Canada Authorization open pit mining
19 Meadowbank Mine Technical Report, February 15, 2012 4.7 Other significant factors and risks The following is a summary of potential risks being managed by Agnico-Eagle regarding the maintenance of permits, licences, leases and authorizations allowing for continued access to land for the purposes of mining and milling at the Meadowbank site: 1. Agnico-Eagle will need to amend its Type A Water Licence 2AM-MEA0815 for the Meadowbank mine in 2012 to allow for increased annual water use and to allow for modifications to the proposed dewatering structures required to mine the Vault open pit. These amendments have been discussed with the Nunavut Water Board, and Agnico- Eagle is currently preparing its application. There is always some risk that the amended water license will contain new conditions pertaining to ongoing operations at the Meadowbank project. Agnico-Eagle does not see these risks as being material to the viability of ongoing mine operations, but these risks will need to be managed accordingly; 2. Agnico-Eagle will need to seek a renewal of its Type A water licence from the Nunavut Water Board in 2014 to allow the Board one year to process the renewal; and 3. Agnico-Eagle needs to complete the negotiation of its Production Lease with NTI covering production at the planned Vault deposit. This negotiation is well advanced and is expected to be completed in 2012.
20 Meadowbank Mine Technical Report, February 15, 2012 Item 5. Accessibility, Climate, Local Resources, Infrastructure and Physiography 5.1 Topography, elevation, flora and fauna The Meadowbank project is located in the tundra region of the central sub-Arctic (the Barrenlands) at the lower end of the Northern Arctic Ecozone, and within the Wager Bay Plateau Ecoregion. Land exposure consists generally of low, gently rolling hills with numerous lakes and rivers. The topography in the immediate area of the project is generally flat, with relief on the order of 10 to 12 m near the main deposit areas, and as high as 60 m locally. Elevations vary from about 133 metres above sea level (masl) along the shoreline of Second Portage Lake to about 200 masl. Much of the limited topographic relief in the area can be attributed to land features typical of glaciated and permafrost terrain. Throughout the Nunavut Territory, a short but intense summer produces many small but brilliant flowers, including purple saxifrage, sedge, lousewort, fireweed, and wintergreen. Other common flowers in the south of Meadowbank include dandelions, chamomile daisies, harebells, and buttercups. About 200 species of flowers grow in the Barrenlands. The animal population in Meadowbank region includes mammals such as caribou, muskox, barren-ground grizzly bear, wolf, wolverine, fox, ermine, lemming, and hare. Caribou alone outnumber Nunavut's human population 25 to 1. Bird species include gyrfalcon, snowy and short-eared owl, rough-legged hawk, golden eagle, ptarmigan, jaeger, snow goose, pintail and long-tailed duck, goldeneye duck, lesser scaup, and green-winged teal. Fish include lake trout, arctic grayling, arctic char, walleye, whitefish, and northern pike. Mosquitoes breed in the shallow tundra lakes.
5.1 Proximity to a population centre The Meadowbank mine is about 70 km north of the Hamlet of Baker Lake in the Kivalliq Region in the Nunavut Territory, part of mainland Canada. Located 320 km inland from Hudson Bay, Baker Lake is near Canada’s geographical centre, and is notable for being the sole inland community in the Nunavut Territory. The hamlet is located at the mouth of the Thelon River on the north-western shore of Baker Lake and is home to 11 Inuit groups. According to the 2011 census, the population is 1,165 (a 44% increase since 2006). In the summer, the hamlet is a jumping off point for hunting, fishing, and canoe trips.
5.2 Access to the property The Hamlet of Baker Lake provides 2.5 months of summer shipping access via Hudson Bay and year-round airport facilities. The Meadowbank mine also has a 1,100-m-long gravel airstrip, permitting access by air to the mine site. The mine uses ocean transportation for fuel, equipment,
21 Meadowbank Mine Technical Report, February 15, 2012 bulk materials and supplies typically travelling from Montreal, Quebec around the Labrador Cost, through the Hudson Straight and into Hudson Bay. Shallow draft ships or barges pulled by tugs can traverse from Hudson Bay through Chesterfield Inlet and into Baker Lake, an inland freshwater lake created at the mouth of the Thelon and Kazan Rivers. These vessels can then transit across Baker Lake, offloading cargo and fuel at a floating docking facility established by AEM at the community of Baker Lake. Deeper draft cargo ships can moor in the protected area within Chesterfield Inlet and then transfer their cargo via shallow draft barge and tug for the transfer to the dock in the Community of Baker Lake. Alternatively cargo can also be shipped by barge and tug from the port of Churchill, Manitoba along the western Hudson Bay coast and into Baker Lake. The port of Churchill is connected to southern Canada via a railway (operated by Omnitrax). Both of these shipping routes are seasonal. The typical summer shipping season is between mid to end of July through late October but is subject to an ice free period that may vary year to year based on weather. During the winter months Baker Lake, Chesterfield Inlet and most of Hudson’s Bay are frozen over and thus shipping is not viable during these periods. A 110-km private all-weather road from Baker Lake to the mine site was completed at the beginning of 2008. Fuel and supplies are transported year-round to the site from Baker Lake by conventional tractor trailer units using the all-weather road. Transportation for personnel and air cargo are provided on scheduled or chartered flights. Since February 2009, all chartered flights have landed directly at Meadowbank. The project is designed as a “fly-in/fly-out” operation. The permanent bases for employees from which to service the Meadowbank mine are Val d’Or and Montreal in Quebec and communities in the Kivalliq region of Nunavut. The Meadowbank camp is within 2 km of the Goose and Portage deposits, but is approximately 7 km south of the Vault deposit and approximately 22 km southeast of the PDF deposit.
5.3 Climate and length of operating season The Meadowbank region is located within a sub-Arctic ecoclimate described as one of the coldest and driest regions of Canada. Arctic winter conditions occur from October through May, with temperatures ranging from -40°C to +5°C. Summer temperatures range from -5°C to +25°C with isolated rainfall increasing through September (Table 5.1).
22 Meadowbank Mine Technical Report, February 15, 2012 Table 5.1 – Estimated average monthly climate data – Meadowbank site
Min. Max. Max. Air Min. Air Total Lake Wind Soil Rainfall Snowfall Relative Relative Temp. Temp. Precip. Evap. Speed Temp. (mm) (mm) Humidity Humidity (°C) (°C) (mm) (mm) (km/h) (°C) Month (%) (%) January -29.1 -35.5 0 11.2 11.2 0 67.1 75.9 16.3 -25.5 February -27.8 -35.2 0 10.5 10.5 0 66.6 76.5 16.0 -28.1 March -22.3 -30.5 0.1 14.6 14.6 0 68.4 81.4 16.9 -24.9 April -13.3 -22.5 2.3 16.7 19.0 0 71.3 90.1 17.3 -18.1 May -3.1 -9.9 9.8 11.3 21.1 0 75.7 97.2 18.9 -8.0 June 7.6 0.0 14.5 3.9 18.4 8.8 62.6 97.2 16.4 2.0 July 16.8 7.2 36.7 0.0 36.7 99.2 47.5 94.3 15.1 10.5 August 13.3 6.4 45.5 0.9 46.4 100.4 59.2 97.7 18.4 9.3 September 5.7 0.9 30.1 8.8 38.9 39.5 70.8 98.6 19.3 3.6 October -5.0 -10.6 3.5 30.3 33.8 0.1 83.1 97.4 21.4 -2.8 November -14.8 -22.0 0 23.6 23.6 0 80.6 91.1 17.9 -11.7 December -23.3 -29.9 0 15.0 15.0 0 73.3 82.7 17.7 -19.9
Note: Monthly averages have been rounded. Temperatures and precipitation are estimated based on site data (1997 to 2004). Snowfall is based on adjusted Baker Lake data (1946 to 2004). Adjusted small lake evaporation is estimated from pan evaporation data (2002 to 2004). Mean soil temperature was reported by AMEC to be measured at a depth between 0.2 m and 0.3 m below ground surface, but should be confirmed. Installation details such as slope aspect, surfcial cover, site drainage, and annual snow cover are not available. Source: AMEC 2003, 2005a and 2005b.
The long-term mean annual air temperature for Meadowbank is estimated to be approximately -11.1°C. Air temperatures in the Meadowbank area are, on average, about 0.6°C cooler than Baker Lake air temperatures, and extreme temperatures tend to be larger in magnitude. This climatic difference is thought to be the effect of a moderating maritime influence at Baker Lake. The prevailing winds at Meadowbank in both the winter and summer months are from the northwest. A maximum daily wind gust of 83 km/hour was recorded on May 21, 2002. Light to moderate snowfall is accompanied by variable winds up to 70 km/h, creating large, deep drifts and occasional white-out conditions. Skies tend to be more overcast in winter than in summer. Monthly rainfall, snowfall, and total precipitation values shown in Figure 5.1 were adjusted for undercatch using the values reported by Environment Canada for Baker Lake. The resulting adjusted mean annual rainfall, snowfall, and precipitation totals for Meadowbank are 142.5, 146.8, and 289.2 mm, respectively. Meadowbank’s total annual rainfall averaged 85% of the Baker Lake total for the common period of record. Between 1980 and 1999, an average of 91 blowing snow days and more than 20 blizzard events per year were registered (Figure 5.1).
23 Meadowbank Mine Technical Report, February 15, 2012
Figure 5.1 – Baker Lake’s >20 blizzard events per year are the most in Canada
5.4 Surface rights for mining operations The Meadowbank mine has obtained sufficient mining rights to leave flexibility to future adjustments to pit growth and infrastructure upgrades. The production lease with the Kivalliq Inuit Association (KIA) is a surface lease covering 1,354 hectares and requires payment of C$124,530 annually. Details can be found in Item 4 of this report.
5.5 Sources of water and power Fresh water for site use is pumped from an intake barge located on Third Portage Lake. The mine has a water use license that authorizes annual fresh water consumption of 700,000 cubic meters per year. AEM intends to seek an increase in this authorized level from the Nunavut Water Board in 2012. Power is supplied by a 29-MW diesel electric power generation plant at the mine site with heat recovery and an onsite fuel storage (5.6 million litres) and distribution system.
5.6 Surface water regime The Meadowbank mine is located close to the surface watershed between the Back River basin, which flows north to northeast towards the Arctic Ocean, and the Quoich River basin, which flows east to southeast into Chesterfield Inlet. All lakes in the project area are connected by streams with boulder channels. Turn Lake drains southeast into Drill Trail Lake, which drains into Second Portage Lake. Third Portage Lake drains north into Second Portage Lake across a narrow strip of land dividing the two lakes via three distinct outflow channels: a western channel,
24 Meadowbank Mine Technical Report, February 15, 2012 a centre channel, and an eastern channel. The estimated volume of each lake is shown in Table 5.2.
Table 5.2 – Summary of the estimated total volumes of water in the lakes within the property area
Lake Volume (m3) Second Portage Lake 29.7 Third Portage Lake 446.2 Turn Lake 26.5 Vault Lake 2.2 Drill Trail Lake 11.7 Wally Lake 27.9 Notes: Volume estimates are based on site bathymetry and on air photo interpretation of areas not covered by bathymetry. Sources: Golder 2006
5.7 Source of mining personnel To the greatest extent possible AEM tries to source its Meadowbank Mine workforce from the seven communities that make up the Kivalliq Region of Nunavut. However at the current point in time this region of Nunavut does not have the skilled labour force to meet all of the workforce needs at Meadowbank. Out of an AEM mine workforce of 700 people, approximately 35 to 40% (~300 people) come from the Kivalliq region of Nunavut, primarily from the nearest community of Baker Lake but also from Arviat, Rankin Inlet, Whale Cove, Chesterfield Inlet, Repulse Bay and Coral Harbour. The large majority of the Nunavut workforce are Inuit Beneficiaries under the Nunavut Land Claim Agreement (>98%). The remainder of the workforce at Meadowbank (~400) are coming from southern Canada and travel from their home communities to the mine on a two week on – two week off work rotation. AEM contracts a charter air service from Montreal and Val D’Or Quebec to bring this workforce to and from the mine. The company also contracts a charter air service to transport workers to and from the Kivalliq Communities to Meadowbank. The exception is Baker Lake where employees come to and from the mine by road on a company chartered bus service. The Kivalliq Region of Nunavut has a total population of approximately 8,000 people, mostly Inuit Beneficiaries. Typically people of the region have followed a subsistence lifestyle with many now looking to transition to the wage economy. It has a young population that is growing at a larger rate than the rest of Canada. The area does not have a well-developed private sector, educational achievement are typically lower than the rest of Canada, and most households have some dependency upon social assistance from government, be it housing or financial support. Consequently AEM has invested significant resources into skills development training at Meadowbank to allow our Nunavut resident employees to advance their job skills capacity while employed at Meadowbank. We also participate with other groups involved in skills development in the Kivalliq Region of Nunavut in delivery of skills development training programs with the objective of over time increasing the proportion of our workforce at Meadowbank coming from the Kivalliq Region of Nunavut and in increasing the skills capacity within our existing local workforce.
25 Meadowbank Mine Technical Report, February 15, 2012 5.8 Infrastructure areas AEM believes that the Meadowbank mine has sufficient land under lease from the Kivalliq Inuit Association to allow for flexibility in the surface infrastructure design, should the need arise. The current configuration of infrastructure at the Meadowbank site is shown in Figure 5.2 and Figure 5.3.
Figure 5.2 – Camp, mining infrastructure and airstrip
26 Meadowbank Mine Technical Report, February 15, 2012
Figure 5.3 – Overall view of the installations
27 Meadowbank Mine Technical Report, February 15, 2012 Item 6. History 6.1 Previous Work and Prior Ownership Most of this section is taken from AMEC (2004, 2005a). 6.1.1 Pre-1985 to 1993 Exploration for gold in the Meadowbank area was motivated by the discovery of uranium in the Baker Lake basin in the 1970s. In the following decade, regional grassroots exploration programs outlined gold-bearing Archean greenstone belts in the Baker Lake area. In the Meadowbank area, this work culminated in the staking of ground by Wollex Exploration in 1983 due to the presence of anomalous gold and silver values in prospecting samples. In 1985, a joint venture of Asamera Minerals (Asamera) (60%) and Comaplex Minerals Ltd. (Comaplex) (40%) was launched to explore gold and silver showings in the area. Over the next few years, several of these targets were evaluated using diamond drilling, land-based magnetometer and VLF surveys, and airborne magnetometer surveys. In 1987, the Third Portage deposit was discovered, the first of five main gold deposits currently known at Meadowbank. Six exploration permits covering the Meadowbank project were acquired in 1989. In 1991, Lucky Eagle Mines, an exploration joint-venture between Agnico-Eagle and Hecla Mining, optioned the Meadowbank property. Lucky Eagle executed a detailed exploration program that consisted of ground magnetic and EM geophysical surveys, 1,529 m of core drilling and surface mapping. Over the next two years, work was focussed on and around the Third Portage deposit. Three wide-spaced drill holes intersected mineralization in what is now known as the Goose deposit (formerly the “Goose Island” deposit). The deposit locations are shown in Figure 6.1, which includes the current boundaries of the Meadowbank property. In 1992, the Lucky Eagle exploration joint-venture dropped the option.
28 Meadowbank Mine Technical Report, February 15, 2012 Figure 6.1 – Location of mineralized zones on Meadowbank property
29 Meadowbank Mine Technical Report, February 15, 2012 6.1.2 1994-2006 – Cumberland Resources ownership 1994-1997 In 1994, Cumberland Resources Ltd. entered the joint venture by acquiring Asamera’s 60% interest. Drilling and geophysical programs including detailed ground magnetic surveys and Max Min (HLEM) surveys continued through 1997. This work further delineated the Third Portage deposit and outlined the Goose deposit. The North Portage deposit was also discovered and delineated during this period. In 1997 Cumberland Resources Ltd. became the sole owner/operator of the project when it acquired Comaplex’s 40% interest. 1998-1999 In 1998 the Bay Zone was discovered. In 1998 and 1999, a total of 24,191 m of drilling was completed in 160 drill holes on all of the deposits. In 1999, extensive surface trenching at the Third Portage deposit was completed. Also in 1999, Cumberland initiated a regional prospecting program to the north of the known deposits. The focus was on reassessing property that had been previously explored by the original joint venture. This work confirmed the existence of two mineralized trends in the Meadowbank area and led the company to acquire three mineral exploration agreements (NTI Exploration Concessions) on approximately 30,000 ha on December 31, 1999. These land parcels were contiguous with the mining leases surrounding the known Meadowbank deposits. 2000 Exploration in 2000 focussed on the newly acquired concessions and concentrated on locating mineralization proximal to the existing Meadowbank deposits that would be amenable to open pit mining. In the spring, 37 drill holes were completed (3,546 m) on three showings, one of which was the Vault occurrence. This work resulted in the discovery of the Vault deposit. While defining the Vault mineralization in 1999 and 2000, Cumberland retained MRDI (now AMEC) to complete a pre-feasibility study on the Bay Zone, Goose Island, North Portage and Third Portage deposits. The work included making an historic estimate of the mineral resource and reserve and involved a preliminary mine plan that utilized a combination of open pit and underground mining methods. 2001 The 2001 exploration program consisted of grid preparation, ground geophysics, and continued diamond drilling on the Vault deposit. The geophysical programs included ground magnetic, down-hole IP, and 1,590 line-km of airborne magnetometer and EM surveys. Drilling in 2001 consisted of 4,044 m in 19 holes and targeted along-strike and down-dip extensions of the mineralization. It also filled in portions of the deposit drilled in 2000. MRDI was again contracted by Cumberland to update the geological resource on the Vault deposit based on the 2000 and 2001 drill results. This work was completed in November 2001.
30 Meadowbank Mine Technical Report, February 15, 2012 2002 In 2002, Cumberland completed 8,191 m of definition diamond drilling in 66 holes at the Vault deposit. Most of these holes were designed to increase the sampling density within the relatively near-surface portion of the deposit and to improve the confidence level in preparation for a feasibility study. Additionally, 18 holes totalling 1,783 m were completed on the newly- discovered PDF deposit. These holes followed up on scattered drill-hole intersections obtained during 2000, and were successful in partially delineating a significant new zone of mineralization. In the Portage area, 6,022 m of drilling was completed in 58 holes. Most of the drilling in the Portage area focused on the newly-discovered Connector zone and infill in the North Portage deposit in preparation for a feasibility study. These holes successfully connected the North and Third Portage areas into one continuous deposit (now called the “Portage deposit”) extending over 1,800 m of strike length. Other exploration work in 2002 included the completion of a large program of overburden reverse circulation drilling in the area between the Vault and North Portage deposits in an effort to locate gold anomalies in the glacial till immediately down-ice from buried deposits. The work resulted in the definition of several gold anomalies. 2003 A combined total of 165 holes (16,154 m) were drilled at the Vault, Portage, and Goose Island deposits in 2003. A series of 105 (9,058 m) of the holes were drilled at Vault, 55 (6,818 m) were drilled at Portage, and 5 (278 m) were drilled at Goose Island. All of these holes were designed as infill holes to improve confidence levels for a feasibility-quality resource estimate. A program of reverse circulation overburden drilling was conducted between the Crown and Longroot target areas, consisting of 381 vertical holes (1,517 m). A total of 414 till samples and 377 bedrock samples were collected and analyzed. Geological mapping and sampling was carried out on historical prospecting sites, and reverse circulation overburden drilling targets were generated during the spring of 2002 and 2003 programs. About 90 km² was covered by 1:10,000-scale mapping and sampling including the PDF, Crown, Wally South, Longroot, Ron, Jim, and Ukalik zones. Ten holes totalling 1,103 m were drilled to test the Wally South area, 3 km north of the Vault deposit. Diamond drilling in the PDF area was successful in further delineating the gold deposit. There was a total of 912 m of NQ-size drill core in seven holes. 2004 In March of 2004, Cumberland filed a Technical Report on SEDAR dated January 29, 2004 (AMEC, 2004), the first 43-101 mineral resource statement for the property (Table 6.1).
31 Meadowbank Mine Technical Report, February 15, 2012 Table 6.1 – Meadowbank project 43-101-compliant mineral resource estimate by Cumberland as of January 2004 (AMEC, 2004)
A combined total of 67 holes (11,663 m) were drilled at the Vault and Goose Island deposits, 30 (4,785 m) of the holes at Vault, and 37 (6,878 m) at Goose Island. Most were designed as infill holes to improve confidence levels for a feasibility-quality resource estimate. Elsewhere, 17 holes (2,642 m) tested the potential in the Phaser Lake area, an extension of the Vault stratigraphy, and eight holes (1,150 m) tested the down-dip potential of the PDF deposit. Eleven holes (1,599 m) and nine holes (1,165 m) were drilled to test the Crown and Jim prospects, respectively. A till sampling program (56 samples) was carried out in the Ukalik area in the northern portion of the property. 2005 In March 2005, Cumberland filed another Technical Report on SEDAR (AMEC, 2005a). This report contained the last published mineral resource estimate on the property before Agnico- Eagle’s acquisition of Cumberland (Table 6.2).
Table 6.2 – Meadowbank project 43-101-compliant mineral resource estimate by Cumberland as of March 31 (AMEC, 2005a)
Deposit Category Tonnes Grade* (g/t) Ounces All Deposits Measured 1,217,000 5.70 225,000 Indicated 22,129,000 4.40 3,101,000 Total measured and indicated 23,346,000 4.40 3,326,000 Inferred 3,491,000 4.20 474,000 A cut-off grade of 1.5 g/t gold was used for Portage and Goose Island, and a cut-off grade of 2.0 g/t gold was used for Vault. A total of 94 drill holes were completed on the Meadowbank property in 2005 for 11,687 m: 46 holes (5,887 m) on Goose Island and Goose South, and 37 (3,912 m) on North Portage (Cannu). On the rest of the property, 12 drill holes totalling 1,888 m were completed on the PDF deposit to test the down-dip and strike potential of the inferred resource. A summer program of ground geophysics, till sampling and limited prospecting was completed over the Moraine, Ukalik, Vault South and Farside South target areas.
32 Meadowbank Mine Technical Report, February 15, 2012 2006 A total of 79 drill holes were completed at Meadowbank in 2006 for 11,666 m. Six holes (1,152 m) were completed for geotechnical work, 12 holes (3,122 m) were for exploration at Goose Island and 46 were for exploration at North Portage (Cannu). Finally, a total of 10 diamond drill holes (1,450 m) were completed on the NTI concessions during the summer program. This program was focused on the Ukalik target (six holes for 952 m) and Longroot showing area (four holes for 498 m).
6.2 2007-present – Agnico-Eagle ownership 2007 On February 14, 2007, Agnico-Eagle announced its intention to acquire the portion of Cumberland Resources that it did not already own. This transaction was successful; since July 10, 2007, all of Cumberland’s former assets have been 100% owned by Agnico-Eagle. At the end of 2007, Agnico-Eagle completed 117 diamond drill holes for a total of 18,183 m of NQ core. In February 2008, Agnico-Eagle disclosed a NI 43-101-compliant mineral resource estimate for Meadowbank based on the exploration work completed until the end of December 2007 (Table 6.3). The effective date of the estimate was December 31, 2007.
Table 6.3 – Meadowbank project 43-101-compliant reserve and resource estimate as of December 31, 2007
Effective Date COMPANY CATEGORY METRIC Au grade Au content GOLD PRICE (qualified person) TONNES (g/t) Cut (000’s Oz) USED (000’s) ($US/Oz) Probable 29,261 3.67 3,453 AGNICO-EAGLE Dec 31st 2007 Indicated 14,582 2.3 1,078 Au : 583 (Doucet, D.) Inferred 3,434 3.49 385 Mineral reserves are reported at a 1.57 g/t or 1.58 g/t gold cut-off depending on the zone, and mineral resources are reported at a 1.0 g/t gold cut-off. Mineral reserves are not included in the total mineral resources. 2008 By the end of 2008, Agnico-Eagle completed 137 diamond drill holes for a total of 27,322 m of NQ core on the property. The main targets were the southern extensions of Goose Island and Bay Zone. Exploration drill holes were also completed at Vault, Copper Peninsula, PDF, West Iron Formation, Marge Bay and Handle. A condemnation drilling program with a total of 52 holes (3,306 m) was also executed. A two-month intensive grassroots campaign was conducted during the summer. Waste stripping operations started in South Portage, providing building material for dike construction, but no ore was extracted that year. On December 5, 2008 Agnico-Eagle filed a Technical Report on SEDAR (Connell, L., et al., 2008) including a mineral reserve and resource estimate dated September 30, 2008. This was an update of the December 31, 2007 estimate that was required due to modifications in the mining plan. This mineral reserve and resource estimate is shown in Table 6.4.
33 Meadowbank Mine Technical Report, February 15, 2012 Table 6.4 – Meadowbank project 43-101-compliant reserve and resource estimate as of September 30, 2008
2009 By the end of 2009, Agnico-Eagle completed 217 exploration diamond drill holes for a total of 30,606 m of NQ core on the property. These included a condemnation drilling program of 16 holes over the projected waste dump area and under the proposed tailings storage and stockpiles, a 17-hole twinning program of production holes in Portage South, as well as eight infill holes drilled in the central area of Portage. Another 2,083 m of geotechnical core drilling of varying diameter (15 holes) was completed, mostly for dike construction and water monitoring. The main drilling targets were the southern extensions of Goose Island and Vault. Waste stripping operations continued on North Portage and South Portage to provide building material for dike construction. A total of 599,856 tonnes of ore grading an estimated 4.57 g/t gold was stockpiled in preparation for the process plant start-up scheduled for the first quarter of 2010. The company published a new mineral reserve and resource estimate as of December 31, 2009 (Table 6.5).
34 Meadowbank Mine Technical Report, February 15, 2012 Table 6.5 – Meadowbank project reserve and resource estimate as of December 31, 2009
2010 Mining shifted its focus from waste stripping to ore extraction, with the commissioning of the process plant in February, and commercial production was achieved on March 1, 2010. A total of 2,035,611 tonnes of ore grading 4.33 g/t gold was processed in 2010, with total stockpiles standing at 838,925 tonnes grading an estimated 3.13 g/t gold at year-end. The mine processed a total of 283,657 ounces (in situ ounces) of gold in 2010. The company published a new mineral reserve and resource estimate as of December 31, 2010 (Table 6.6).
Table 6.5 – Meadowbank project reserve and resource estimate as of December 31, 2010
By the end of 2010, Agnico-Eagle completed 41 diamond drill holes for a total of 6,363 m of NQ core on the Vault deposit and 63 holes totaling 32,299 m in the Portage/Goose area. The main drilling targets were the southern and down-dip extensions of Goose Island and Vault. Exploration drill holes were also completed on the south extension of Portage, as well as some infill drilling in areas to be mined in Phase 2 of the Portage pit expansion.
35 Meadowbank Mine Technical Report, February 15, 2012 A combination infill/twinning core drilling program of 62 holes (1,289 m) was also executed as part of a bench test in South Portage. During this two-week test the mill was fed exclusively ore coming from South Portage with no input from stockpiles. 2011 A total of 2,977,722 tonnes of ore grading 3.03 g/t gold were processed in 2011, with stockpiles totaling 1,162,004 tonnes at an estimated 1.84 g/t gold at year-end. The mine produced around 271,000 ounces of gold in 2011. By the end of 2011, Agnico-Eagle started a definition program of 165 diamond drill holes on a 25-m x 25-m spacing over some parts of the Portage deposit, for a total of 11,431 m of NQ core. A modest reverse circulation definition drilling program of 42 holes totalling 1,074 m was also executed on parts of the Portage deposit, as a test of the technology under Arctic winter conditions. A total of 115 exploration diamond drill holes were drilled on the southern and down-dip extensions of the Vault deposit, as well as the Tern Lake, Vault East, Far West and Goose South exploration targets, all lying on the property. The company published a new mineral reserve and resource estimate as of December 31, 2011 (Table 6.6).
Table 6.6 – Meadowbank project reserve and resource estimate as of December 31, 2011
As Dec 31st, 2011 (ID2, Diluted)
Category by Zone Tonnes Au (g/t) Au (Oz.) Au (g) Total Proven 1,931,046 1.49 92,386 2,873,529 Mineral Reserves Total Probable 22,563,273 2.91 2,108,514 65,582,165 Grand Total Proven & Probable 24,494,319 2.79 2,200,900 68,455,695 Mineral Total Indicated 17,213,314 2.38 1,315,075 40,903,445 Resources Total Inferred 3,744,353 3.82 459,322 14,286,537
36 Meadowbank Mine Technical Report, February 15, 2012 Item 7. Geological Setting 7.1 Regional geology The Meadowbank area has been the focus of numerous government-funded mapping programs since the late 1980s. A summary of progressively regional- through local-scale government mapping published for the Meadowbank area is as follows: 1988: Fraser, 1:250,000 scale; 1996: Armitage et al., deposit scale; 1994: Henderson and Henderson, 1:100,000 scale; 1997-1999a,b: Zaleski et al., 1:50,000 scale; 2000: Pehrsson et al., 1:20,000 scale; 2001a,b: Sherlock et al., 1:10,000 and 1 :7,500 scale; 2003: Hrabi et al., 1:10,000 scale; 2005: Zaleski et al., 1:50,000 scale; 2005: Zaleski and Pehrsson, 1:50,000 scale; 2005: Zaleski, 1:50,000 scale. Concurrent with regional-scale government field programs, several generations of unpublished geological mapping by mining companies have been conducted including: 1989: Wollex Exploration (Asamera), 1:25,000 scale; 1991: Agnico-Eagle, Lucky Eagle (Meadowbank Joint Venture), 1:20,000 scale; 1997, 2000, 2002: Cumberland Resources, 1:5,000 scale; 2003: Cumberland Resources, 1:10,000 scale. The Meadowbank project is underlain by Archean supracrustal rocks of the Woodburn Lake Group within the Rae domain of the Western Churchill Geological Province (Figure 7.1).
37 Meadowbank Mine Technical Report, February 15, 2012
Figure 7.1 – Regional geology (Pehrsson and Wilkinson, 2004) The Woodburn Lake Group comprises a polydeformed sequence of rocks that include quartzite, ultramafic to felsic volcanic, volcanogenic sedimentary rocks and banded iron formation. These rocks were deposited within a continental rift setting characterized by mantle-derived ultramafic volcanism and correlated with units of the Prince Albert Group to the northeast (Ashton, 1988) and to the Murmac Bay Group to the southwest in northern Saskatchewan. A >2,000-km 38 Meadowbank Mine Technical Report, February 15, 2012 Neoarchean continental rift is inferred. The relationship of the Woodburn Lake Group to the Snowbird Tectonic Zone and the greenstone belts of the central Hearne subdomain is uncertain (Zaleski et al., 1997). Units of the Woodburn Lake Group are unconformably overlain by rocks of the Paleoproterozoic Baker Lake Basin. Sulphidized iron formation and volcaniclastic hosted gold deposits at Meadowbank occur within intermediate to felsic volcanic rocks dated at 2.71 Ga (Davis and Zaleski, 1998; Zaleski et al.; 2000). Dating of volcanic rocks immediately north and south of the project area returned ages of 2.74 and 2.72 Ga, suggesting Meadowbank occurs within the youngest of three phases of felsic volcanism. Regionally, quartzite forms a significant marker unit. In the Meadowbank River area, Zaleski et al. (1997) considers the quartzite to lie at the stratigraphic base of the volcanic sequence. This interpretation was supported by the presence of quartzite clasts in debris flow deposits northeast of Third Portage Lake and by the presence in quartzite of foliated quartz-feldspar porphyry dikes dated at 2.62 Ga. Conversely, massive ridge-forming quartzite in the western project area is structurally discordant with overlying volcaniclastics. These quartzites may be correlated with those in the Paleoproterozoic Amer belt to the northwest; therefore two ages of quartzite deposition are inferred. Nevertheless, drill core observations in the 2007 spring and summer campaigns showed that quartzites (the ones structurally above the ultramafics and the gold- bearing iron formation) around the Goose and Portage deposits have undergone the same tectonic history as the other lithologies around the gold deposits. It also has the same structural fabrics (dominant and early S1-S2 schistosities and S3 crenulation cleavage) imprinted in the quartzite. These observations suggest that the quartzite at Portage is Archean in age. Extensive, foliated granitic bodies east and west of the Meadowbank supracrustals have returned ages of 2,612 Ma and are reportedly cut by undeformed pegmatite dikes to the south in the Whitehills area that have an age of 1,835 Ma.
7.2 Local geology The Meadowbank gold deposits are hosted by Archean rocks of the Woodburn Lake Group (Zaleski et al., 2000) situated in the Rae craton of the western Churchill Province. The deposit area is underlain by a complex, polydeformed package of intermediate volcaniclastic rocks and wackes with subordinate, interlayered iron formation, pelitic and ultramafic schists, and quartzite (Zaleski et al., 1999a,b). The deposits are located within a structurally complex area in a narrow neck of supracrustal rocks, sandwiched between granite plutons (Henderson et al., 1991; Henderson and Henderson, 1994). Structural and lithologic mapping by Agnico-Eagle, Cumberland and the Geological Survey of Canada (GSC) has outlined a polyphase deformation history. Four phases of penetrative, regional deformation affect the Woodburn Lake Group and have been traced into the Meadowbank area by GSC personnel.
39 Meadowbank Mine Technical Report, February 15, 2012 7.3 Stratigraphy At Meadowbank, the published stratigraphy of the Woodburn Group is inverted, placing thick quartzites beneath a supracrustal succession of ultramafic volcanics and felsic to intermediate volcaniclastics with interbedded magnetite-chert iron formation (Figure 7.2).
Figure 7.2 – Simplified stratigraphy in the Goose and Portage area Primary sedimentary structures are generally rare in the clastic units that locally contain lithic lapilli-sized fragments. Quartzite units occur structurally imbricated within and/or locally interbedded with the clastic material. The base of the quartzite is conglomeritic and commonly contains fuchsite clasts. In the area of Portage and Goose (Figure 7.3), this package of rocks is isoclinally folded about an ultramafic core and later refolded and metamorphosed at greenschist to amphibolite facies. The geometry of the mineralized package defines a major early isoclinal fold.
40 Meadowbank Mine Technical Report, February 15, 2012
Figure 7.3 – Local geology map and location of the main known deposits
41 Meadowbank Mine Technical Report, February 15, 2012
In the area of the Vault deposit, 5 km to the north, early isoclinal folding is still the dominant fold pattern; however, the ultramafic schist is absent and iron formations tend to occur as discontinuous beds. The Vault area is dominated by felsic to intermediate volcaniclastics that display characteristics similar to the volcaniclastics above; but the lack of distinct marker horizons makes it difficult to determine the vergence of fold structures. Primary sedimentary structures when available tend to be ambiguous and often contradictory. Overall, the stratigraphy in the area of the Vault deposit is relatively flat lying, with dips of bedding of approximately 20- 30° to the southeast. At the PDF deposit, located approximately 15 km north of the Meadowbank camp, mineralization appears to be hosted in stratigraphy similar to the Vault deposit. The PDF stratigraphy is dominated by a gently southeast dipping (20-25°) package of interbedded and isoclinally folded intermediate volcaniclastics, iron formation and pelitic schist with lesser quartzite.
7.4 Structural geology Regional and property scale structural mapping has outlined a polyphase deformation history for the Meadowbank area. The distinct structural fabric imprints of four-principle deformation events are recognized regionally in the rocks of the Woodburn Lake Group by GSC personnel. Locally, at the deposit scale the distinct fabric imprints of only three deformational events is observed. Three sets of late brittle faults are recognized in the Meadowbank area, including: a prominent series of east-west trending, south-dipping, normal to reverse faults that dissect the stratigraphy and mineralization in the Vault area; interpretation from Third Portage - North Portage geological modelling has identified a north-trending fault offset of mineralization and lithology; and a major northwest-trending sinistral fault that underlies Second Portage Lake (Hrabi et al., 2003).
7.5 Metamorphism The Woodburn Lake Group comprises an assemblage of Archean quartzites, komatiites, iron formation, felsic to intermediate volcanic rocks and derived sedimentary rocks that are variably deformed and metamorphosed at greenschist to granulite facies (Fraser, 1988). The Meadowbank deposits, near Third Portage Lake, appear to be located near the regional transition from greenschist to amphibolite facies assemblages.
42 Meadowbank Mine Technical Report, February 15, 2012
7.6 Mineralization 7.6.1 Gold mineralization Three of the known gold deposits are currently planned to be mined. The Goose and Portage deposits are hosted within highly deformed, magnetite-rich iron formation rocks, while intermediate volcanic rock assemblages host the majority of the mineralization at the more northerly Vault deposit. A fourth deposit, PDF, shows the same characteristics as Vault, though it is not currently anticipated to be a mineable deposit. The predominant gold mineralization found in the Portage and Goose deposits is associated with iron sulphides, mainly pyrite and pyrrhotite, which have replaced magnetite in the oxide facies iron formation host rock. To a lesser extent, pyrite and chalcopyrite may be found and, on rare occasions, arsenopyrite may be associated with the other sulphides. Gold is mainly observed in native form (electrum), occurring in isolated specs or as plating around sulphide grains. The ore zones are typically 6-7 m wide, following the contacts between the iron formation units and the surrounding host rock. Zones are up to several hundred metres along strike and at depth. The sulphides primarily occur as replacement of the primary magnetite layers, as well as narrow stringers or bands of disseminated sulphides that almost always crosscut the main foliation and/or bedding, which would imply an epigenetic mode of emplacement. The percentage of sulphides is quite variable and may range from trace to semi-massive amounts over several centimetres to several metres in length. The higher gold grades and the occasional occurrence of visible gold are almost always associated with greater than 20% sulphide content. The main mineralized banded iron formation unit is bounded by an ultramafic unit to the west that locally occurs interlayered with the banded iron formation and to the east by an intermediate to felsic metavolcaniclastic unit. Defined over a 1.85-km strike length and across lateral extents ranging from 100 to 230 m, the geometry of the Portage deposit consists of general north-northwest-striking ore zones that are highly folded. The mineralization in the lower limb of the fold is typically 6-8 m in true thickness, reaching up to 20 m in the hinge area. The Goose deposit is located just south of the Portage deposit and is also associated with iron formation but exhibits different geometry, with a north-south trend and a steep westerly dip. Mineralized zones typically occur as a single unit near surface, splaying into several limbs at depth. The deposit is currently defined over a 750-m strike length and down to 500 m at depth (mainly in the southern end), with true thicknesses of 3-12 m (reaching up to 20 m locally). The Goose underground resource (100 to 500 m at depth) extends 700 m to the south of the Goose pit. The ore zones show the same characteristics as the Goose pit, which has two to five main zones subparallel and undulating. The average thickness rarely exceeds 3-5 m. The Vault deposit is located 7 km northeast of the Portage and Goose deposits. It is planar and shallow-dipping with a defined strike of 1,100 m. The deposit has been disturbed by two sets of normal faults striking east-west and north-south and dipping moderately to the southeast and steeply to the east, respectively. The main lens has an average true thickness of 8- 12 m, reaching
43 Meadowbank Mine Technical Report, February 15, 2012 as much as 18 m locally. The hanging wall lenses are typically 3-5 m, and up to 7 m, in true thickness. In the Vault deposit, pyrite is the principal gold-bearing sulphide. The disseminated sulphides occur along sheared horizons that have been sericitized and silicified. These zones are several metres wide and may continue for hundreds of metres along strike and down dip. 7.6.2 Other mineral occurrences on the Meadowbank property Copper sulphide mineralization (with lead and/or zinc locally) is found sparsely over the Meadowbank property. Higher values of copper (over 1%) are mainly found in late quartz- carbonate veins containing relatively low sulphides (sulphide content generally less than 15%). Volcanogenic massive sulphide settings have not been discovered on the property. Gold values > 0.5 g/t often accompany high copper assays. Nickel mineralization is uncommon with only few occurrences within the Handle and Essex areas of the Meadowbank property (Figure 7.3). Nickel-sulphide-bearing mineralization is encountered in moderate to highly metamorphosed chloritic schist, iron formations and sedimentary rocks interlayered with ultramafic volcanic rocks and/or intrusive units.
44 Meadowbank Mine Technical Report, February 15, 2012 Item 8. Deposit Type The following section is taken from the AMEC (2004). The Meadowbank region contains numerous types of mineral occurrences, including volcanic massive sulphide, polymetallic veins, gold veins, iron formation hosted gold and disseminated gold (Kerswill et al., 1998). Gold mineralization in the Meadowbank deposits can be classified in two main deposit types: iron formation hosted gold and Lode gold (disseminated/replacement style); although several different styles of mineralization can be commonly found in the same area. The iron formation hosted deposits are represented by Portage and Goose, while the disseminated/replacement lode gold deposits are best represented by Vault. Similarities in the stratigraphic setting, lithogeochemical and geophysical signatures imply a genetic link between massive sulphide and pyrrhotite-rich sulphide iron formation mineralization, and between pyrite-rich oxide iron formation and pyritic exhalite mineralization (Kerswill et al., 1998). These same similarities led geologists to theorize that the genetic link between iron formation hosted deposits and the Vault Deposit is related to the introduction of hydrothermal fluids (gold and sulphide bearing) during the Paleoproterozoic isoclinal fold event.
8.1 Portage and Goose deposits The mineralization in the Portage and Goose areas at Meadowbank is iron formation hosted. Typically, gold in these types of deposits occurs as fine disseminations associated with pyrite, pyrrhotite, and arsenopyrite, or in cross-cutting quartz veins and veinlets hosted in iron formations and adjacent rocks within volcanic or sedimentary sequences. Mineralization is generally within, or near, favourable iron formations. Most deposits occur adjacent to prominent regional structural and stratigraphic features, and mineralization is often related to local structures. Contacts between ultramafic (commonly komatiitic) rocks and tholeiitic basalts or sedimentary rocks are important. All known deposits occur in Precambrian sequences; however, there are some potentially favourable chemical sediment horizons in Paleozoic rocks. Changes in pinch-outs and facies within geologically favourable units are important characteristics for ore deposition. Examples of this style of deposit in Canada are Lupin and Cullaton Lake (Northwest Territories and Nunavut), and Musselwhite, Detour Lake, Madsen Red Lake, Pickle Crow, and Dona Lake (Ontario). International examples are Homestake (South Dakota, USA); Mt. Morgans (Western Australia); Morro Vehlo and Raposos, Minas Gerais (Brazil); Vubachikwe and Bar 20 (Zimbabwe); and Mallappakoda, Kolar District (India). Good arguments have been presented supporting both syngenetic exhalative (Kerswill et al., 1998) and epigenetic, structurally controlled (Armitage et al., 1996) origins to the iron formation hosted gold mineralization at Meadowbank. Observations from drill core can support both models. However, evidences of an association between increased gold grades and the presence of
45 Meadowbank Mine Technical Report, February 15, 2012 secondary silica flooding along with disruptions of the finely banded lamellae in the iron formation seem to favour the latter model of origin.
8.2 Vault deposit The Vault deposit can probably best be described as a disseminated/replacement lode gold deposit. Disseminated and replacement gold deposits comprise mainly stratabound auriferous bodies of disseminated to massive sulphides, commonly pyritic, that are hosted either by micaceous and/or aluminous schist, derived from tuff and volcanic sandstone or by carbonate- clastic sedimentary rocks; spatial associations with granitoid rocks are common (Poulson, 1996). In most cases, minor folds have been noted to be contemporaneous with foliation and the transposition of bedding into parallelism with foliation is a common attribute. Such transposition accounts for the “straightness” of belts and is largely responsible for obscuring the primary relationships between the ore deposits and their host rocks (Poulson, 1996). Sericitic alteration is also a common feature of most deposits of this type and ore distribution is not dictated by quartz veins. Canadian examples of this type of deposit include the Hemlo deposit in Ontario, QR and Equity Silver deposits in British Columbia and the Hope Brook deposit in Newfoundland. International examples include the Archean Big Bell and Sons of Gwalia deposits in Western Australia and the late Proterozoic–Paleozoic Haile, Brewer and Ridgeway deposits in South Carolina, USA. The morphology, alteration and geometry of the Vault deposit appear to support the disseminated/replacement Lode gold classification, however the main ore zone also appears to coincide with a zone of high strain, which may indicate that structural controls are also important at Vault. There are also varieties of volcanic associated auriferous sulphide deposits, such as the Bousquet No.1 deposit in the Abitibi Belt (Quebec), which may also be correlatives of the Vault.
46 Meadowbank Mine Technical Report, February 15, 2012 Item 9. Exploration Exploration efforts on the Meadowbank Property have been extensive since 1985. In July 2007, Agnico-Eagle Mines (AEM) completed the takeover of Cumberland Resources and gained 100% interest in the Meadowbank Property. Since acquiring the property AEM has maintained widespread and consistent exploration activity primarily targeting gold occurrences. These activities are summarized in the Table 9.1 below. For a more detailed compilation of all relevant exploration recently conducted on the Meadowbank property, see Côté-Mantha and Simard (2011) and references therein.
Table 9.1 – Meadowbank Property exploration history since 2007
Year Meadowbank Exploration
Completion of an extensive (6,398 km) HeliGEOTEM II MAG-EM airborne survey of the entire Meadowbank Property. 2007 Prospecting samples (443) over various known and new Au showings throughout the property.
Prospecting samples (1265) and till sampling (331) over various known and new Au showings throughout the property. 2008 Some exploration drilling on the Marge Bay, Vault & Vault South, PDF, Handle (Ni), and West Iron Formation areas.
Prospecting samples (1926) and (infill) till sampling (63) over various known and new Au showings throughout the property.
Ground IP survey (~30 km) over the Ummatik area. 2009
Some drilling tested lateral extension of the Vault deposit and PDF occurrence as well as various gold showings present throughout this vast property.
Prospecting samples (594) and (infill) till sampling (84) over various known and new Au showings throughout the property.
Ground EM surveying (MAXMIN I) totalling 166.3 line-km over 9 different target areas. Ground IP surveying totalling 119.7 line-km over 7 different target areas. Ground MAG survey of 18.7 line-km over the Sabot area.
2010 Detailed geological mapping over the Donna, Fox Lake, and Sabot areas.
Mechanical stripping at 5 sites within the Donna, Fox Lake, Horace, and Tern Porphyry areas.
AEM exploration completed 107 drill holes (17,602.3 m) focused on testing untested geophysical anomalies and/or various gold showings throughout the property.
Compilation and generation of targeting maps using DIAGNOS’s CARDS method.
Prospecting samples (890) and till sampling (49) over various known and new Au showings throughout the property.
2011 Mechanical stripping at 1 site within the Longroot area and restoration of 2 stripping sites in the Longroot and Horace areas.
AEM exploration completed 80 drill holes (13,112.2 m) focused on testing untested geophysical anomalies and/or various gold showings throughout the property.
47 Meadowbank Mine Technical Report, February 15, 2012 Item 10. Drilling
All of the drilling used for mineral resource and reserve estimates for the Meadowbank mine has been diamond core drilling. Reverse circulation drilling was used in the past but the results have only been used to identify anomalous areas of gold concentration in overburden or till. Table 10.1 summarizes the drilling used for resource and reserve estimates; exploration drilling is not included. The total number of holes used in the December 31, 2011 mineral resource is 1,782 for 294,976 m. The full list of the intercepts used in making this estimate is presented in Appendix A.
Table 10.1 – Diamond drilling used for the Meadowbank mine resource and reserve estimate as of December 31, 2011
1989 1990 1991 1995
Zone Qty hole Length (m) Qty hole Length (m) Qty hole Length (m) Qty hole Length (m)
Portage 13 1,410.0 27 2,625.0 24 3,995.0 15 1,462.0 Goose 17 2,484.8
Vault
Total 13 1,410.0 27 2,625.0 24 3,995.0 32 3,946.8
1996 1997 1998 1999
Zone Qty hole Length (m) Qty hole Length (m) Qty hole Length (m) Qty hole Length (m)
Portage 30 3,764.8 55 9,934.3 89 14,564.0 55 4,809.6 Goose 32 5,641.4 8 3,379.6 9 3,597.0 7 1,191.0 Vault
Total 62 9,406.2 63 13,313.9 98 18,161.0 62 6,000.6
2000 2001 2002 2003
Zone Qty hole Length (m) Qty hole Length (m) Qty hole Length (m) Qty hole Length (m) Portage 59 6,088.0 54 7,303.3
Goose 5 279.0
Vault 27 2,853.0 18 3,750.0 65 8,096.0 100 8,688.3
Total 27 2,853.0 18 3,750.0 124 14,184.0 159 16,270.6
2004 2005 2006 2007
Zone Qty hole Length (m) Qty hole Length (m) Qty hole Length (m) Qty hole Length (m)
Portage 3 933.0 36 3,924.7 46 5,947.5 70 8,434.3 Goose 34 5,949.0 40 5,818.0 17 3,122.4 24 6,823.3 Vault 31 5,184.8 13 2,178.5
Total 68 12,066.8 76 9,742.7 63 9,069.9 107 17,436.1
48 Meadowbank Mine Technical Report, February 15, 2012
2008 2009 2010 2011
Zone Qty hole Length (m) Qty hole Length (m) Qty hole Length (m) Qty hole Length (m)
Portage 29 5,451.2 30 4,404.5 19 7,461.6 208 12,423.5 Goose 36 14,122.3 83 25,445.1 41 32,649.5 6 2,739.3 Vault 2 797.0 116 22,780.4 104 10,949.0
PDF 2 378.0 81 10,600.8 2 542.5
Total 69 20,748.5 113 29,849.6 257 73,492.3 320 26,654.3
1989 - 2011
Zone Qty hole Length (m)
Portage 862 104936.3
Goose 359 113241.7
Vault 476 65277
PDF 85 11521.3
Total 1782 294,976.3
Diamond drilling has taken place on the property most years since 1989 and has been done every year since 1995. Cumberland drilled the property continuously until the early 2007 acquisition of the Meadowbank project by Agnico-Eagle, and drilling has continued under Agnico-Eagle’s direction since then.
10.1 Diamond drilling The first priority of Agnico-Eagle when it acquired the Meadowbank property in 2007 was to start the drill program in order to convert inferred resources in the projected open pits to indicated resources. The current drilling procedures are described below. NQ has been the only core calibre used for diamond drilling by contractors. Drilling is done mainly on lake ice during winter weather and on the land areas during summer. 10.1.1 Drill-hole collar surveying Surveying of drill-hole collars at Meadowbank is accomplished with a Total Station instrument and with a GPS instrument. Calculations are referenced to a series of control points tied to a local geodetic monument. Before laying out the drill hole location, the GPS base is positioned on a control point referenced to the local geodetic monument. The GPS mobile is then used for the field positioning. An orange flagged wooden stake is laid out on the collar position and wooden stakes are positioned
49 Meadowbank Mine Technical Report, February 15, 2012 to represent the foresights at 15 m and 30 m, respectively. Back-sight wooden stakes are also laid out when necessary. The Total Station instrument is used to pick up the drill-hole collar location and orientation. While the drill is set up on the hole, three points are surveyed on the drill rods at the highest and lowest points possible and on it centre. The length between the ground and the lowest point is measured with a tape and then reported as the collar position. 10.1.2 Downhole surveying A flex-It™ instrument was the main instrument used for surveying the dip deviations of the shorter holes of 2008. The azimuths were not retained because of the magnetic influence of iron formations. Since then the collar surveys are the only data used for azimuth orientations of those drill holes. A Gyro-Smart and a flex-It were used for surveying the longer holes drilled at the southern portion of Goose. The azimuth and dip of the Gyro-Smart were both retained, and only the dip of the flex-It was considered valid. 10.1.3 Core logging All of the Goose and Portage drill hole sample data are stored in a DHlogger© database, with Portage local grid coordinates (origin at 635,121.72 mE / 7,20,465.17 mN @ 20° to the east) and UTM Nad 83 Zone 14 coordinates. All of the Vault drill hole sample data are stored in a DHlogger database with Vault local grid coordinates (origin at 635,358.98 mE/7,219,218.56 mN @ 47° to the east) and UTM Nad 83 Zone 14 coordinates. All of the PDF drill hole sample data are stored in a DHlogger database with PDF local grid coordinates (origin at 635,919.275 mE / 7,228,517.039 mN @ 11.6° to the west) and UTM Nad 84 Zone 14 coordinates.
10.2 Sampling method and approach 10.2.1 Sampling method Drill core from diamond drilling make up the only samples available for the Meadowbank mine that were used in the current mineral resources estimate. The drill core sampling methodology used at Meadowbank by previous companies and Agnico-Eagle is according to industry standards. The sampling was made essentially along the northeast trend of the three main deposits— Portage, Goose and Vault. It has provided adequate coverage of the deposit at a spacing that enables three-dimensional (3D interpretation of the mineralization in the mineral resource area. Sampling was made by appropriately qualified geologists based on visual indications of alteration and mineralization. Representative samples from core recovered by diamond drilling have been taken from half core lengthwise with manual splitters and more recently hydraulic splitters or diamond saws.
50 Meadowbank Mine Technical Report, February 15, 2012 10.2.2 Reliability of results Core recovery is very good in the mineralized zones. The only lithological unit susceptible to bad core recovery is the ultramafic rocks, which does not contain significant mineralization. Poor recovery, when it occurs, is probably more a result of drilling problems. It is not considered to be significant enough to impact the results of the mineral resource and reserve estimate. One concern about the potential exactness of some drill core assay results, is related to the method of splitting of the core. The hardness of the iron formations makes it very difficult to split the core in half lengthwise orthogonal to the bedding using a mechanical splitter. It becomes increasingly critical as the angle of the core axis to the bedding is lower. This is the main reason why it would be justified to halve every sample lengthwise in the mineralized zones at Portage, Vault and Goose with a diamond saw. In this regard, a diamond saw was used to split core from most of the mineralized zones at Meadowbank in 2008. However, this practice was subsequently discontinued for logistical reasons, as the extreme hardness of the core made sawing impractical in view of the fast production rate of the drills. The effect of splitting rather than sawing the core can lead to minor unrepresentative results on a very local scale, but the results are not likely systematically biased either high or low. Because of the high sample density in the areas of indicated resource, the effect of local less than ideally representative samples is not thought to be significant in the mineral resource model. 10.2.3 Sample quality The core sampling is considered to be representative. In part it is confirmed by the visual correlation of pyrite and/or pyrrhotite, occasionally with visible gold, with significant assay values and also by the general observation of consistent gold values returned over similar thicknesses by adjacent drill holes. Sample bias is not suspected since trenching and sampling at Portage confirmed mineralization intercepted by nearby diamond drilling.
10.2.4 Parameters used to determine the sampling interval Sampling intervals are mainly based on lithology, alteration and sulphide content. Sampling density is higher where iron formations are encountered at Goose and Portage. The sampling density is even higher as the sulphide content increases in those iron formations. At Vault, the density is generally higher when any sericite and/or silica alteration or sulphides are visible. Core sample lengths in the database range from 0.07 m up to a maximum of 14.23 m. The average length of all the samples at Meadowbank is 0.9 m. The average sample length of the samples used in the reserves and resources estimation is 0.8 m. Before the acquisition of Meadowbank by Agnico-Eagle, sample lengths from between 0.3 m and 1.0 m were the most common. The shorter lengths were used on narrow intervals containing visible gold or extreme sulphide concentrations, while samples longer than 1.0 m were used over intervals of low but consistent sulphide content or alteration. Agnico-Eagle established that only sample lengths between 0.5 m and 1.5 m would be assayed, with 1 m being the nominal desirable length.
51 Meadowbank Mine Technical Report, February 15, 2012
10.3 Drill sample summary and interpretation of results A list of drill intercepts appears in Appendix A, with the zone number, gold value and the core length. The locations of the drilling are shown on Figure 10.1 (Portage), Figure 10.2 (Goose) and Figure 10.3 (Vault). Typical cross sections of Portage, Goose and Vault deposits are discussed in Item 14. Drill results in 2010 and 2011 at the Meadowbank mine have generally shown a good continuity with previous drill holes. The recent interpretation of the Portage, Goose and Vault deposits has allowed the outlining of fewer zones that are wider, with good geological correlations. The general concept of the model did not change; however, some zones were joined together to simplify the model.
Figure 10.1 – Portage plan showing drill hole traces
52 Meadowbank Mine Technical Report, February 15, 2012
Figure 10.2 – Goose plan showing drill hole traces
Figure 10.3 – Vault plan showing drill hole traces
53 Meadowbank Mine Technical Report, February 15, 2012 Item 11. Sample Preparation, Analyses and Security 11.1 Sample preparation All aspects of sampling drill core from the Meadowbank project and mine, including the sample preparation methods and quality control measures employed before the dispatch of samples to an analytical laboratory, have been supervised by Qualified Persons (as defined by NI43-101) responsible for the drilling programs that were employees of Cumberland Resources or Agnico- Eagle, the current operator. The process of core sample preparation and the security measures taken to ensure the validity and integrity of the samples taken are described below. 11.1.1 Core sampling Once the core is received in camp, it is logged in detail and sampled by qualified geologists. An Agnico-Eagle geotechnician supervised by geologists conducts the sample preparation according to the following protocol: samples respect lithological contacts or intervals; sample length varies from 0.3 m to 1.5 m; for unmineralized rock, 1.5-m samples are taken; for mineralized rock, 1-m samples are taken on average; for structure characterization, it is possible to take shorter core sections; and three to five samples are taken before and after the mineralized unit. 11.1.2 Sample cutting and shipment The geologist is responsible for layout of drill core samples. The samples determined by lithology, alteration and sulphide content, are marked on the core in red china marker, and arrows are drawn to indicate the sample intervals (beginning and end). A sample tag with a unique number is placed under a piece of core at the end of the interval. A line parallel to the core axis indicating the cut line in the centre of the core is drawn when necessary. A sample form is filled out and added to the digital archives. The sample preparation method is described in the pints below. The methods used by previous companies were similar, except for sample length as reported in Item 11.1.1 The core boxes for one hole are placed in progressive order, oriented with the beginning arrow on the top left corner. The sample tag is stapled to the core box at the end of each sample indicating the sample depth and identification. The core is cut with a hydraulic or manual splitter or a diamond saw in half lengthwise, orthogonal to the bedding or schistosity; for definition holes, the whole core is used (no splitting).
54 Meadowbank Mine Technical Report, February 15, 2012 The sample identification is written on a heavy duty plastic sample bag in black marker. The sample tag is placed in the plastic sample bag. The bag is sealed with a locking plastic tie. Bags containing samples selected as duplicates are identified with a band of flagging tape. Each of these bags is labelled with the number of the sample followed by “D”. Standards, blanks and duplicates are also inserted in each batch of 24 samples. (The QA/QC procedure is described in section 11.3 in this report.) The remaining half cores are replaced in identified core boxes for archiving in the core racks at the new and previous camp sites. A number of bagged samples are placed in a rice bag that is securely tied at the top with locking plastic tie and labelled both with a security tag and on the side of the bag in felt marker, showing the lab address, shipment number and shipping bag number. The shipment number, bag number and the contents of each sample bag are recorded in a logbook and an electronic spreadsheet that is kept on site for reference. A sample shipment form from the primary lab is filled out, a copy of which is kept in a binder while the original is placed in one of the bags. Shipping bags are transported initially to Meadowbank warehouse, and then shipped via Calm Air to Thompson Manitoba. They are later transported by truck from Gardwine North Company to preparation facility at ALS laboratory in Vancouver, B.C. The lab verifies and notifies AEM team about the status of all bags from the shipment received and that all samples on the sample shipment form are received before proceeding with any analytical work. If there is a discrepancy, the shipment is put aside until it is resolved.
11.2 Laboratories The gold assaying analyses for Meadowbank samples have been conducted by ALS Chemex Laboratories (ALS) of Vancouver, B.C., and an independent certified assay laboratory not related to Agnico-Eagle Mines Limited since April 2008. ALS Chemex completes the core sample preparation and gold assay analysis at its facilities in Vancouver.
ALS Chemex has a quality management system and is an accredited laboratory that conforms to the requirements of CAN−P−1579, CAN−P−4E (ISO/IEC 17025:2005). Check assays are completed by ACME Laboratory (ACME) in Vancouver B.C., also an independent assay laboratory not related to Agnico-Eagle. ACME also has a quality management system that has been accredited by the Standards Council of Canada and is an accredited laboratory that conforms to the requirements of CAN-P-1579, CAN-P-4E (ISO/IEC 17025:2005).
55 Meadowbank Mine Technical Report, February 15, 2012 The sample preparation and assaying procedures used by the primary and secondary laboratory for core sampling are described below. 11.2.1 Sample preparation Upon their arrival at ALS, the sealed rice bags are inspected for tampering, and individual sample numbers are checked against the enclosed manifests.
The sample is logged in the tracking system, dried overnight in an oven at 105°C, weighed, and finely crushed to at least 70% passing a 2-mm (Tyler 9 mesh, US Std. No.10) screen.
The entire charge is then reduced down to 250 g by repeated passes through a riffle splitter and pulverized to at least 85% passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen. The quality of the crushing and pulverizing process is checked by sieve analysis checks (three duplicate samples) randomly selected for every furnace run (84 samples) to ensure that the quality of the preparation is achieved. Blank cleaning media are inserted between samples in the pulverizing stage and discarded. Cross-contamination at ALS is minimized by constant cleaning of preparation equipment with high-velocity compressed air. Blank charges are frequently run through crushers to remove trapped particles. Ring and puck pulverizers are cleaned with a quartz sand charge. At ACME laboratory, the selected check samples are checked against the enclosed manifests. The preparation of the selected coarse rejects samples for check assaying (when requested) is precisely the same as at ALS laboratories. 11.2.2 Assaying method
11.2.2.1 ALS laboratory Once the preparation is complete, representative aliquots of 30 g are split from the pulp and assayed for gold by fire assay and AAS finish. A 30-g prepared sample is fused with a mixture of lead oxide, sodium carbonate, borax, silica and other reagents as required, inquarted with 6 mg of gold-free silver and then cupelled to yield a precious metal bead. The bead is digested in 0.5 mL of dilute nitric acid in the microwave oven; 0.5 mL of concentrated hydrochloric acid is then added and the bead is further digested in the microwave at a lower power setting. The digested solution is cooled, diluted to a total volume of 4 mL with de-mineralized water, and analyzed by atomic absorption spectroscopy against matrix-matched standards. All samples with gold results above 3 g/t are re-assayed by fire assay with a gravimetric finish on a 30-g nominal sample weight. A 30-g prepared sample is fused with a mixture of lead oxide, sodium carbonate, borax, silica and other reagents in order to produce a lead button. The lead button containing the precious metals is cupelled to remove the lead. The remaining gold and silver bead is separated using dilute nitric acid, annealed and weighed as gold. Silver, if requested, is then determined by the difference in weights.
56 Meadowbank Mine Technical Report, February 15, 2012 ALS implements an internal quality control system to assure the quality of the results; each furnace run (84 pots) consists of 78 core samples and Agnico-Eagle quality control samples that are run with the following six internal laboratory control samples: two internal gold standards of 30 g (laboratory standard) one internal pulverized blank (laboratory blank) three internal pulp duplicates (laboratory pulp duplicate) Results for all assaying are emailed to Agnico-Eagle upon completion of each batch and the assay certificates are mailed at a later date. Internal quality control sample results are available online through the ALS website. Both coarse rejects and the remaining pulps are labelled and stored in plastic buckets and/or sturdy cardboard boxes in a secure facility adjacent to the laboratory.
11.2.2.2 ACME laboratory At ACME laboratory, 30-g pulp samples are prepared by a lead-collection fire-assay fusion for total sample decomposition and finished by ICP-ES analysis. All samples with gold results above 3 g/t are re- assayed by fire assay fusion with gravimetric finish. ACME implements an internal quality control system to assure the quality of the results with an approximate average rate of 15% internal QA/QC 2 internal gold standard, two internal pulverized blanks and two internal duplicates, pulp and coarse for a batch size of 40 samples. Results for all assaying are emailed to Agnico-Eagle upon completion of each batch, and the assay certificates are mailed at a later date. Both coarse rejects and the remaining pulps from the check samples are labelled and stored in plastic buckets and/or sturdy cardboard boxes in a secure facility adjacent to the laboratory.
11.3 Agnico-Eagle QA/QC measures Agnico-Eagle’s Meadowbank Division conducts a rigorous quality assurance and quality control (QA/QC) program on samples collected from the exploration and resource definition drill programs at the Portage, Portage pit, Vault pit and Vault East deposits. Agnico-Eagle has continuously monitored the results of its QA/QC sample submissions including field standards filed blanks, and coarse and pulp reject duplicates during the exploration program. The submission of the QA/QC elements is done accordingly to the ALS assay batch size: and for every 69 core samples, there are added: three blanks, three standards and three duplicates all at a rate of 1 per 23 core samples. The geologist that logs the drill core is responsible of the insertion of QA/QC materials on site and follows the QA/QC protocol. The logger places into the core a strip of flagging tape indicating where in the sample sequence standards, blanks and duplicates are to be placed. The duplicate sample is identified in the field, and the laboratory creates a coarse reject at the primary crushing stage as the duplicate sample.
57 Meadowbank Mine Technical Report, February 15, 2012 11.3.1 Blank samples
Cross-contamination of gold from one sample to the next can occur through ineffective cleaning of sample preparation machinery, spillage while weighing and moving samples, or through residual gold in analysis equipment during the assaying process. The degree of contamination in a laboratory can be measured through the insertion of blank samples into sample batches. Blank samples contain no gold mineralization and should assay at below the laboratory detection limit for gold. A field blank of ultramafic material is used at Meadowbank to monitor the contamination. Boxes of NQ-size core from previously drilled intervals of ultramafics are stored in the core shack and are pre-screened by the geologists for sulphides such that any rock containing excessive sulphide is not chosen for blank material.
An assay result for a field blank is considered to have failed if it is outside the 3x detection limit range of the method used for gold assaying. Certificates with anomalous blank samples are sent to ACME for check assaying. Results for check assays of the batches with anomalous blanks indicate the possibility that blank samples submitted may contain trace amounts of gold mineralization. These results indicate that there is no significant cross-contamination or sample switching in the sampling and sample preparation process. Because ultramafic material has shown some occasional gold trace mineralization during a QA/QC review, a new blank from pit soapstone is under review. 11.3.2 Certified standard samples Accuracy of the results is measured by analyzing certified standard reference material of which the actual gold value is reliably known within a quantified narrow range of error. Gold standards included in the sample stream with the Meadowbank samples are custom-prepared from reject material of the project. Nine of the independently certified standards have been prepared from material sourced mainly from the Portage and Vault coarse reject material. The certified grades of the standards are between 0.94 g/t and 5.28 g/t gold, with several of the standards having similar grades to the expected economic cut-off, median and 90 percentile grades of the deposit. All gold standards used are pre-packed and pre-labelled to avoid any human error such as sample mislabelling and contamination during the handling process.
Agnico-Eagle’s QA/QC program considers an assay result for a standard to have failed if it is outside a ±2 standard deviation range of the certified value of the standard. In 2010, batches in which standard failures occurred were selected for check assaying, and the entire batch or selected samples associated with the standard failures were re-analyzed at a secondary laboratory. The repeat sample results were QA/QC-checked, and only acceptable assay results were used in the database. 11.3.3 Duplicate coarse rejects The precision of the analytical results can be measured by analyzing duplicate samples or sub- samples from the same parent sample. Duplicate coarse rejects are submitted to assess the precision of the crushing, grinding, and the analytical process. At the laboratory, core samples from Meadowbank are crushed in a jaw crusher prior to pulverization. This crushed sample is split to produce a smaller sample for pulverization. Analysis of a sample from the rejected
58 Meadowbank Mine Technical Report, February 15, 2012 portion of the coarse crushed sample, a coarse reject duplicate, provides a means for measuring the precision and effectiveness of this particular step in the sample preparation process.
Statistical analysis of the coarse reject duplicates indicates that there is no bias between the original and duplicate data and that there is a high degree of correlation (with correlation coefficients of 0.99). Quantile- quantile plots were also used to compare the original and duplicate sample grade populations for coarse duplicates samples ( Figure 11.1) and pulp duplicates samples (Figure 11.2) to assess any possible bias. Results for coarse reject splits are acceptable with good agreement between the sample/assay pairs and low variability above the analytical detection limit. These results indicate that sub-sampling of coarse crushed samples is well-controlled with no bias observed between the two different populations.
Log Scale QQ Plot Meadowbank Project (2009 - 2011) Original gold vs Duplicate gold - ppm 100 +/- 10%
10
1
0.1 Coarse Duplicate gold(ppm) Duplicate Coarse 0.01 0.01 0.1 1 10 100 Original gold (ppm) Figure 11.1 – QQ scatter plot for coarse duplicates during 2009-2011
59 Meadowbank Mine Technical Report, February 15, 2012 Log Scale QQ Plot Meadowbank Project (2011) Gold vs Pulp Duplicate gold (ppm) 100
+/- 10%
10
1
0.1 Pulp Duplicate gold (ppm)DuplicategoldPulp
0.01 0.01 0.1 1 10 100 Original gold (ppm) Figure 11.2 – QQ scatter plot for pulp duplicates during 2011 The precision for the data collected during 2009-2011, as measured by relative difference value plotted against the mean of the original and coarse duplicate sample, shows that 72% of Meadowbank duplicates had a precision better than ±20%. The same measurement for pulp duplicates shows that 74% of Meadowbank duplicates had a precision better than ±10% (using only 2011 data). These results indicate that sub-sampling of coarse crushed samples is well- controlled with no bias and an acceptable level of precision in line with the type of mineralization of the deposit. The level of precision could probably be slightly improved; more testing of the crushing and/or pulverizing stage is warranted. 11.3.4 Statement of the adequacy of procedures The author, a Qualified Person according to NI 43-101, is of the opinion that the sample preparation, and security procedures and monitoring methods are adequate, and that the sample preparations and analytical procedures used by both laboratories are adequate to produce reliable assay results. Since 2009, all results of the quality control samples, blanks, standards and duplicates have been monitored and reported each quarter by Agnico-Eagle personnel. Each quarter, about 8% to 10% of the original samples have been sent for check assaying at a secondary laboratory for replicate analysis. Correlation of all the original gold values and the check assay gold values for the past three years has been very good (r=0.99). Analysis of assay results from standards, blanks, and field, coarse and pulp duplicates for the Meadowbank project indicates that the sample preparation and analytical processes employed by ALS and ACME are appropriate and industry-standard methods for gold mineralization.
60 Meadowbank Mine Technical Report, February 15, 2012 The author considers that the drill core data from Meadowbank gold project are reliable for use in resource estimation.
Item 12. Data Verification The Meadowbank project’s geological data were verified by AMEC Americas Ltd. on behalf of then-owner Cumberland Resources Ltd. following the release of the 2004 reserves and resources estimates. After the acquisition of the project by Agnico-Eagle in 2006-2007, its Technical Services group converted Cumberland’s data into the Agnico-Eagle database. For the purpose of this report, a consultant of InnovExplo conducted data verification on site for the project’s complete database in the fall of 2011.
12.1 Previous verifications 12.1.1 AMEC’s verification for the 2004 reserves and resources AMEC verified Cumberland’s mineral resource database for the Meadowbank project as part of the mineral resource estimate in 2004 (AMEC 2004, 2005). AMEC tested the integrity of the assay database using three methods: a 5% data comparison against original records; a check of all very high grade assays (>100 g/t gold) in the database; and Gemcom’s database validation tools. (Cumberland’s assay data was stored in a Gemcom Gems database containing 26,580 assays from 480 drill holes.)
Five percent of the drill holes at each of the Goose, Portage, and Vault deposits were selected at random and the assay data for these holes were extracted from the Gemcom database and checked manually against the original assay certificates. The integrity of the collar and downhole survey database was tested by comparing 5% of the survey records dumped from the Gemcom database with the original records. The holes checked were the same as those that were checked for assay errors. Original survey records were a combination of: spreadsheets obtained by Cumberland from contract surveyors; digital data dumps from the Total Station survey instrument; or records recorded on the drill logs.
Only one minor transcription error was encountered in a downhole survey dip, which has been noted in Table 12.1 (VLT00-024 at 134 m, dip should have been -70; not -73). In AMEC’s opinion, the data used for the resource estimate were robust and essentially free of error. 61 Meadowbank Mine Technical Report, February 15, 2012
Table 12.1 – Summary of the numbers checked and the number of errors found for each deposit
Assays Surveys Deposit # Checked Errors Error Rate Nature of Errors # Checked Errors Error Rate Nature of Errors Goose 186 0 0.0% na 86 0.00% na Portage 1043 1 0.1% NP96-140 59 0.00% na 163 m to 164 m should be 0.20 g/t. Vault 453 0 0.0% na 48 1 2.08% VLT00-024 at 134 m dip should be -70 Total 1682 1 0.05% 193 1 0.5%
12.1.2 Verification following Agnico-Eagle’s acquisition of Meadowbank After Agnico-Eagle acquired Cumberland , Agnico-Eagle’s Technical Services was given the responsibility of re-evaluating the deposits using data from holes drilled in 2006 and 2007 by Cumberland (after AMEC’s verification in 2004-2005). Technical Services’ verification process was divided into four phases, for the complete Meadowbank project data implementation. The following text from Agnico-Eagle Mines, 2008 (p. 80) explains the 2007 Meadowbank data validation procedure and the recommendations for 2008. “AEM retrieved the Meadowbank data on the USB Drive that was used by Cumberland as a server in the Meadowbank camp for the drill log data, and from a desktop computer that was used for storing Mineral Reserves Model information. In September 2007 the data were imported inside the Company’s DHLogger data base in order to estimate a new mineral resource and reserve update in October 2007 by AEM. AEM Technical Services kept the data extracted by John Reddick, who had a mandate to find the most recent information before the Cumberland geologists resigned. During this data importation, all collar, survey, litho and assays were verified and validated from the original logs description and from the Excel files reporting collar information and the survey measurements. On a total of 1,040 holes were included inside the database, the information of 421 holes were verified which represent a percentage of 40%.”
12.1 Verification of all databases for this report Innov Explo, who is an independent consultant, visited the Meadowbank mine site on two occasions, September 29 to October 13, 2011 and October 31 to November 14, 2011. Validation of the databases for all three deposits (Portage, Goose and Vault) was part of the initial mandate; they also made all necessary adjustments to those databases before the December 31, 2011 resource estimate was conducted.
62 Meadowbank Mine Technical Report, February 15, 2012
12.1.1 Drill-hole databases The integrity of the Gems’ databases was verified by crosschecking it with DHLogger, considered to be the master database for the project, and different Excel spreadsheets used to follow drilling by onsite geologists. Overall, three drill holes were missing from the Gems Vault database and four from the Portage-Goose database (a common database for both deposits). In addition, 13 blast holes were wrongly included as diamond drill holes in the database. All situations were resolved by the consultant 12.1.2 Assays Every assay from the project was verified using Gems’ validation tools and Excel spreadsheets. A total of 1,034 intervals in the Portage-Goose database (1.3% of all assays) and 1,887 intervals in the Vault database (5.6% of all assays) showed sampling, but assay results were missing and were not among the pending assays from the current drill program. The problem was resolved by recreating importation files using the original assay certificates. 12.1.3 Surveys Every drill hole from the project was verified using Gems’ validation tools and Excel. Most of collars (96.1%) on the Portage, Goose and Vault deposits were professionally surveyed. Others were surveyed using a hand-held GPS. Recent holes were surveyed by downhole survey instruments (approximately every 30-50 m) while older holes vary from not surveyed to every 5 m. Azimuth from surface is commonly used in recent holes due to the magnetic property of the mineralized host rock. A total of 44 drill holes in the Portage-Goose database did not include any downhole survey information. The consultant crosschecked all 44 drill holes against the original logs but could not find the missing information. The surface collar survey data was therefore assigned to the entire length of these holes in the Gems database. This is important because Gems will assign an attitude of N360/-90 if no survey information is indicated, yet only some of the holes were drilled vertically; the remainder were drilled at other planned azimuths and dips. A total of 19 survey results had to be modified in the Portage-Goose database and one in the Vault database following discussions with on-site geologists. In all 20 cases, the downhole survey azimuths in the original database were incorrect, likely due to the magnetic properties of the rock formations encountered in these drill holes. The azimuth from the surface collar survey was therefore assigned along the entire length of each of these holes in the Gems databases to replace the instrument azimuths. All downhole dip measurements were kept since they are unaffected by magnetic fields. A total of three survey dips were modified in the Portage-Goose database. In these cases, the dips were incorrect in the original database, likely due to transfer mistakes. The dip was corrected after crosschecking the information with the master drillhole Excel sheet. The surface locations for 31 drill holes from the 2011 program were incorrect. In 22 cases, the theoretical coordinates had not been updated to the surveyed coordinates. Eight other cases were
63 Meadowbank Mine Technical Report, February 15, 2012 due to typing mistakes or rounding errors, and in one case, the Easting and Northing values had been accidentally switched. All appropriate modifications were made in the Gems databases. Following the modifications made prior the resource estimate, the surveys on the project’s databases are considered adequate for the purpose of a resource estimate. Following all mentioned modifications, the Portage-Goose database contains a total of 1,221 drill holes and 79,390 assays while the Vault database contains a total of 478 drill holes and 33,453 assays.
12.2 QA/QC Monitoring and Verification 2007 to 2008 The assay QA/QC information for the Meadowbank Division for 2007and 2008 was reviewed by Applied Geoscience LLC, and the verification of data in this period is described in detail in Connell et al., 2008. In 2007, the primary laboratory used was IPL in Richmond, B.C., with check assays done by ALS in Vancouver, B.C. Generally the results indicated very good agreement between the original and check analyses at IPL indicating good reproducibility. However, the results in 2007 showed that the use of commercially available standard reference materials is occasionally not adequate. In 2008, the primary laboratory was ALS and check assays were done at ACME in Vancouver, B.C. Only those samples with included QC samples and/or check analyses were approved to use in the resource modelling. In 2008, reference materials custom-made from Meadowbank mineralization were prepared and used to improve and optimize the QA/QC procedures being employed. These custom-made reference materials have continued to be used at Meadowbank since then. The assaying at both ALS and ACME was of acceptable quality. Agnico-Eagle verified the 2008 drill hole collar survey, down-hole orientation, lithological, sample information and assay result information found in the Mineral Resource Model database against the original drill logs, survey records and assay certificates. 2009 to 2011 The assay QA/QC information for the Meadowbank Division from March 7 to June 4, 2009 was reviewed by Applied Geoscience LLC. From June 5, 2009 until the end of 2011, the assay QA/QC information was reviewed by Agnico-Eagle geological staff. During 2009, there were four original QA/QC reports reviewing a total of 326 laboratory reports completed by ALS. All reports contained 2,681 QC samples included (approximately 14%) and had check analyses completed at ACME laboratory that confirmed the grade and overall quality of the assaying. Only those primary reports and check assay analyses that were QA/QC-approved have been used in the resource modelling. A total of 21,748 samples were included in the approved primary reports with 1,186 samples check assayed at ACME, approximately 5% of the total number of samples assayed at ALS.
64 Meadowbank Mine Technical Report, February 15, 2012 During 2010, there were three original QA/QC reports reviewing a total of 121 laboratory reports completed by ALS. All reports had 1,386 QC samples included (approximately 13%) and had check analyses that confirmed the grade and overall quality of the assaying. Only those primary reports and check assay analyses that were QA/QC-approved have been used in the resource modelling. A total of 10,314 samples were included in the approved primary reports with 1,160 samples checked at ACME, approximately 11% of the total number of samples assayed at ALS. During 2011, there were four original QA/QC reports reviewing a total of 224 laboratory reports completed by ALS. All reports had 1,879 QC samples included (approximately 12%) and had check analyses that confirmed the grade and overall quality of the assaying. Only those primary reports and check assay analyses that were QA/QC approved have been used in the resource modelling. A total of 16,011 samples were included in the approved primary reports with 1,886 samples checked at ACME, approximately 12% of the total number of samples assayed at ALS. The assaying at both ALS and ACME was of acceptable quality during the period 2009 to 2011. The author, a Qualified Person (under NI 43-101) supervised the verification of the drill-hole database (Appendix A) for collar surveys, down-hole orientations, lithological, sample information and assay result information found in the mineral resource model database against the original drill logs, survey records and assay certificates. The author has reviewed the verification methods employed by Agnico-Eagle and the QA/QC monitoring at the Meadowbank mine project since 2009 and is of the opinion that the drill-hole and assay data are valid and can be relied on for use in the December 31, 2011 mineral resource estimate.
Item 13. Mineral Processing and Metallurgical Testing 13.1 Mineral Processing Extensive mineralogical and metallurgical studies were completed on samples from the Meadowbank gold deposits. Gold recovery studies were done by SGS Lakefield Research, and additional testwork was conducted by Terra Mineralogical Services and A.R. MacPherson Consultants Ltd. The metallurgical test program was overseen by International Metallurgical and Environmental Inc. This test work was described in detail in Connell et al. (2008), and formed the basis for the 2008 feasibility study and process design of the plant, which began commercial production in early 2010. Metallurgical tests work and gold recovery studies are scheduled to be completed on 2012 to confirm in more detail the Vault mine materials gold recovery and grinding specifications. Based on the metallurgical test work done in 2005 on the ore from the Vault mine, the gold recovery was expected to be 91.3% compared to above 94% for the materials from the Goose and Portage mine. Also, The gold liberation was expected at 80 µm for the materials from Vault mine compared to 62 µm for the Goose and Portage mines.
65 Meadowbank Mine Technical Report, February 15, 2012 Item 14. Mineral Resource Estimates The Meadowbank drill-hole databases comprised of collar coordinates, downhole survey data and assay results were managed by Cumberland Resources Ltd. until April 2007. Since April 2007, new drilling data have been collected, validated by QA/QC protocols, compiled and verified by Agnico-Eagle.
The current mineral resource model for the Meadowbank mine was prepared by Elzéar Belzile, ing. (Belzile Solutions Inc.) under the supervision of the Qualified Person for this section of the report, with the support of Pierre-Luc Richard (InnovExplo Inc). This model incorporates the latest surface drilling results at Meadowbank and is current to December 31, 2011. The interpretations were adapted to better fit the open pit mining reality and mining criteria as understood at that time, after almost two years of commercial production.
Agnico-Eagle reports mineral resource and reserve estimates in accordance with the CIM guidelines for the estimation, classification and reporting of resources and reserves that was adopted by CIM Council on November 27, 2010. Agnico-Eagle also reports mineral resources exclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
The estimates were made using metal price and foreign exchange rates in accordance with SEC Industry Guide 7. Industry Guide 7 requires the use of prices that reflect current economic conditions at the time of reserve determination, which Staff of the SEC has interpreted to mean historic three-year average prices. The three-year average metal prices used in this estimate for the period ending December 31, 2011, are US$1,255 per ounce of gold and an exchange rate of US$1.00 for C$1.05.
This section of the report summarizes the methodology used by Belzile Solutions Inc. (BSI) in estimating the mineral resources for the Meadowbank project.
There are no known environmental, permitting, legal, title, taxation, socio-economic, marketing, political or other relevant factors that could materially affect the Meadowbank mineral resources estimate as of December 31, 2011. Four different estimates were performed for the December 31, 2011 update of the global Meadowbank resources. These estimates were done for the Portage deposit (open pit), Vault deposit (open pit) and Goose deposit (open pit and underground).
It must be noted that PDF deposit resource estimation (which is also part of the Meadowbank project) was not updated in 2011. The same inferred resource for this deposit is disclosed at the end of 2011 as at the end of 2010. BSI did not review the PDF deposit resource estimate, so Agnico-Eagle Mines remains responsible for this estimate. A description of the methodology for each of these estimates follows.
66 Meadowbank Mine Technical Report, February 15, 2012 14.1 Portage resource estimate 14.1.1 Goose-Portage database
As the Goose and Portage deposits are very close to each other, the same database is used for the resource estimation. Agnico-Eagle provided BSI in November 2011 with a drill-hole database (Gems 6.3 format) that included all verified drill-hole information available at that time. The final database used for the resource estimation (Portage P_G) contained the following tables and fields: collar information - hole ID, xyz coordinates of collar, maximum depth; downhole survey - hole ID, downhole depth, dip, azimuth; assay data - hole ID, sample ID, depth from, depth to, gold value in g/t; and lithology data - hole ID, depth from, depth to, rock type. The database contains data from 1,221 diamond drill holes, representing a total of 218,178 m of drilling. The assay table consists of 79,389 records of gold assays with an average sample length of 0.976 m, representing 77,505 assayed metres. Grades vary from 0.0 to 1,807.6 grams of gold per tonne (g/t gold) and average 0.99 g/t gold (uncapped). All the data used for resource estimation are derived from this drilling database. The collar locations of drill holes in the Portage deposit are shown in Figure 14.1. The drill-hole density is judged to be sufficient to develop a reasonable picture of the distribution of mineralization, and to quantify its volume and quality with a reasonable degree of confidence.
67 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.1 – Map showing Portage deposit drill hole locations
14.1.2 Geological interpretation In the December 2010 geological interpretation of the Portage deposit, 44 different mineralized solids were interpreted and used for resource estimation. Wireframes were configured to encompass material grading 0.50 g/t gold over a nominal minimum true thickness of 4 m. The result is the presence of parallel solids often with less than 4 m of waste between solids. An example is shown in Figure 14.2.
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Figure 14.2 – Isometric view of the Portage deposit’s mineralized zones, as in the December 31, 2010 model With this interpretation, it is assumed that it will be possible to discriminate the mineralized zones from the waste during mining since no additional dilution is added. In the author’s opinion, the interpretation is too selective; at least part of the waste between the mineralized zones will likely be mined at the same time as the ore if the two mineralized zones are higher than the cut-off grade. Also, it is not always evident how to connect a given mineralized intersection in one particular section to another intersection in a different section. In many cases, there are alternative choices that could be made to model the different zones. Due to the nature of the mineralization and the size of the operation, there is a risk that the selectivity in the model could probably not be achieved in the field. This is why BSI recommended a broader approach. Figure 14.3 and Figure 14.4 illustrate the new approach compared with the previous one.
69 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.3 – Portage pit Section 6375N looking North (2010 vs. 2011 interpretation)
70 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.4 – Portage pit Section 7000N looking North (2010 vs. 2011 interpretation)
71 Meadowbank Mine Technical Report, February 15, 2012 14.1.3 Statistical analysis Drill-hole assay intervals that intersected interpreted domains were coded in the database, and used to analyze sample lengths, and to generate statistics, composites and variography. The level of capping was based on studying the effect of the high grade values on the mean and standard deviation along with probability and histogram plots. An histogram of all the zones is given in Figure 14.5 with a corresponding gold grade capping value.
Figure 14.5 – An histogram showing gold grade distribution of the samples from the Portage deposit Table 14.1 summarizes some statistics of the original (raw) assay data with the corresponding proposed grade capping value and the number of samples capped. The statistics show that about 0.2% of the population is capped.
Table 14.1 – Summary statistics of the original assay samples. “C.V.” stands for “coefficient of variation”.
Zone # samples Uncut Mean Uncut C.V. Capping Value # Capped Cut Mean Cut C.V. all 21,101 2.37 4.28 80.0 34 2.21 2.86
The capping of the high assays represents an apparent metal loss of about 7%.
14.1.4 Compositing The drill-hole database coded within each interpreted zone was composited to achieve a uniform sample support. Because of the size of the open pit operation that uses 3.5 m benches for mining ore, it was decided to composite the data with a regular 2.0-m run length (down hole) within
72 Meadowbank Mine Technical Report, February 15, 2012 each interpreted domain using the capped value of the original samples. Composites of less than 0.75 m were excluded from the database. Descriptive and distribution statistics of the 2-m composites were generated and the population is characterized by a high coefficient of variation (CV) (2.22), which is common for many gold deposits that have a nugget effect (Table 14.2).
Table 14.2 – Summary statistics of the 2-m composites
Zone # samples Mean gold grade (g/t) Median gold grade (g/t) Std Deviation CV all 10,522 1.80 0.54 4.00 2.22
14.1.5 Bulk density data As in earlier mineral resource estimates, the measured density value was used in the current estimate when it was available. When no measured density was available (which was most of the time), it was replaced by calculated densities assigned by lithology as listed in Table 14.3. Each composite was then assigned a density value, and the final density data in the block model were interpolated from the density values of the composites.
Table 14.3 – Density by lithology
Rock code: Lithology Density (g/cm3) IF: iron formation 3.20 V3: Basalt 2.81 V4A: ultramafic 2.84 V9: intermediate volcanic 2.79 QV: quartz vein 2.65 S1A: quartzite 2.72 S3: greywacke 2.79 S10: chert 2.69 OVB: overburden 2.00
14.1.6 Variography Grade variography was generated and modelled in preparation for the estimation of gold grades. The variography was completed based directly on the 2-m downhole composite data. A standard approach was used to generate and model the variography for the main domains, 2 and 110. The steps taken are summarized below: examine the orientations and dips of the solids representing the domain to be studied, to help determine the axes of better continuity; generate and model the downhole correlogram, which allows the determination of the nugget effect (closed spaced variability); and calculate and model the major, semi-major and minor axes of continuity.
73 Meadowbank Mine Technical Report, February 15, 2012 Correlograms were generated for every 30 degrees of azimuth and at 15-degree dip increments using Sage 2001 software, which uses regressions to determine optimal anisotropy directions. Variography was modeled with a nugget effect and two structures representing the larger scale spatial variability of the datasets. The modeled correlograms for main domains 2 (Bay area) and 110 were not very conclusive (Table 14.4). The rotation angles were then adjusted on the basis of interpreted geological constraints.
Table 14.4 – Gold correlograms for 2-m composites for the two main domains in the Portage deposit
Ranges Rotation
Zone Nugget 1st Structure(EXP) 2nd Structure (EXP) Z Y Z
X: 10 X: 30 Y: 5 Y: 20 2 0.60 -25 20 -45 Z: 15 Z: 50 Sill: 0.35 Sill: 0.05 X: 4 X: 25 Y: 40 Y: 100 110 0.40 30 -30 -10 Z: 15 Z: 25 Sill: 0.30 Sill: 0.30
For zone 110, the resulting direction for the major axis is 159° with a plunge of 5° (a very shallow plunge to the southeast). Figure 14.6 shows an example of the orientation of a search ellipse based on the variography study.
Figure 14.6 – Isometric view (looking North) of zone 110 in the Portage pit area
74 Meadowbank Mine Technical Report, February 15, 2012 14.1.7 Block modelling A block model was constructed (PortaNov2011) within the Portage P_G Gems 6.3 database. The block model extent was designed to be large enough to facilitate pit optimizations and associated pit slopes. The block dimensions (4-m X 10-m X 3.5-m) were based on the size of the mineralized zones, the existing drilling pattern, mine planning considerations (3.5-m benches for mining) and equipment to be used (Table 14.5).
Table 14.5 – Portage pit deposit block model parameters
East (X) North (Y) Elevation (Z) Origin 1450 5000 5225 Block size (metres) 4 10 3.5 Number of blocks 370 325 150 Model rotation (degrees) 20
The domain coding for interpolation (rock type model) was based on the various wireframe constraints (lithology solids and mineralized zones). Table 14.6 presents the domain coding of the various wireframes, solids and surfaces used in the block model.
75 Meadowbank Mine Technical Report, February 15, 2012 Table 14.6 – Block model coding the Portage deposit
Type Triangulation Folder Solid or surface name Description Domain Code Surface Surfaces2011 EOM_01012011 Topo January 1, 2011 Surface Surfaces2011 Port V7_ Minimize_TopoJan11 Pit design reserves 2010 Surface Surfaces2011 BEDROCK_FromDDH_091231 Bedrock surface from DDH Surface Surfaces2011 EOM_dec2011_vd Topo End of December 2011 Surface Surfaces2011 EOM OCT_EOM Topo End of October 2011 Geology PortageNov11 002_clip_BR Mineralized solid 2 Geology PortageNov11 003_clip_BR Mineralized solid 3 Geology PortageNov11 004 Mineralized solid 4 Geology PortageNov11 005 Mineralized solid 5 Geology PortageNov11 006 Mineralized solid 6 Geology PortageNov11 010 Mineralized solid 10 Geology PortageNov11 100_clip_BR Mineralized solid 100 Geology PortageNov11 110_EBclip_BR Mineralized solid 110 Geology PortageNov11 111_clip_BR Mineralized solid 111 Geology PortageNov11 112 Mineralized solid 112 Geology PortageNov11 113_EBClip_BR Mineralized solid 113 Geology PortageNov11 114 Mineralized solid 114 Geology PortageNov11 116 Mineralized solid 116 Geology PortageNov11 117 Mineralized solid 117 Geology PortageNov11 118 Mineralized solid 118 Geology PortageNov11 119 Mineralized solid 119 Geology PortageNov11 120_clip_BR Mineralized solid 120 Geology PortageNov11 121_clip_BR Mineralized solid 121 Geology PortageNov11 122_clip_BR Mineralized solid 122 Geology PortageNov11 125_clip_BR Mineralized solid 125 Geology PortageNov11 130_clip_BR Mineralized solid 130 Geology PortageNov11 132_clip_BR Mineralized solid 132 Geology PortageNov11 134_clip_BR Mineralized solid 134 Geology PortageNov11 136_clip_BR Mineralized solid 136 Geology PortageNov11 137_clip_BR Mineralized solid 137 Geology PortageNov11 160 Mineralized solid 160 Geology PortageNov11 170_clip_BR Mineralized solid 170 Geology PortageNov11 172_clip_BR Mineralized solid 172 Geology DEC11_P_LITH 202-1 Lithological solid (Ultramafic) 202 Geology DEC11_P_LITH 202-2 Lithological solid (Ultramafic) 202 Geology DEC11_P_LITH 202-3 Lithological solid (Ultramafic) 202 Geology DEC11_P_LITH 203-1C Lithological solid (IF+Interm Volc) 203 Geology DEC11_P_LITH 203-1_CO Lithological solid (IF+Interm Volc) 203 Geology DEC11_P_LITH 203-1 Lithological solid (IF+Interm Volc) 203 Geology DEC11_P_LITH 203-204 Lithological solid (IF+Interm Volc) 203 Geology DEC11_P_LITH 203-2 Lithological solid (IF+Interm Volc) 203 Geology DEC11_P_LITH 203-4 Lithological solid (IF+Interm Volc) 203 Geology DEC11_P_LITH 203-5 Lithological solid (IF+Interm Volc) 203 Geology DEC11_P_LITH 204-1 Lithological solid (Intermediate volcanic) 204 Geology DEC11_P_LITH 204-2 Lithological solid (Intermediate volcanic) 204 Geology DEC11_P_LITH 204-3 Lithological solid (Intermediate volcanic) 204 Geology DEC11_P_LITH 204-5 Lithological solid (Intermediate volcanic) 204 Geology DEC11_P_LITH 208-1 Lithological solid (Sediments) 208 Geology DEC11_P_LITH Shear Lithological solid (Shear zone) 214 Geology DEC11_P_LITH Shear1 Lithological solid (Shear zone) 214 Geology DEC11_P_LITH 204BLOCK_expanded Lithological solid (Intermediate volcanic) 204
76 Meadowbank Mine Technical Report, February 15, 2012 Also, within the block model project, a series of models were incorporated for recording the different attributes assigned and calculated in the block model development (Table 14.7).
Table 14.7 – Block model attributes
Folder Description Litho Rock model based on lithological and mineralized domains Density Density (t/m³) Percent Percent model (not used) Au_ID2 Inverse distance model (second power) Au_ID2_Dil Diluted inverse distance model (second power) (Au_ID2* 0.95) ID3 Inverse distance model (third power) Distance Distance of the closest composite used for interpolation CLASS Classification (1 and 2=Indicated, 3=Inferred)
14.1.8 Grade estimation methodology Grade estimation was done using inverse distance to the second power (ID²) with hard boundaries between domains, while inverse distance to the third power (ID³) was used for comparison. Gems 6.3 software was used in making the estimates. The grade estimates were generated using the capped 2-m composites. The blocks that are included in one particular domain are estimated only with the composites coded within this domain (hard boundary). The two estimates (ID2 and ID3) have been done using a similar sample search approach as summarized below: First pass: minimum of five and maximum of 12 composites collected within a search ellipse that corresponds to the range of the first structure identified by variographic studies (30 to 40 m for the major axis). A maximum of two composites per drill hole could be used for any block estimate (data from a minimum of three different drill holes). Second pass: minimum of three and maximum of 12 composites within a search ellipse that corresponds to about two-thirds of the range of the second structure identified by variographic studies (50 m for the major axis). A maximum of two composites per drill hole could be used for any block estimate. Third pass: minimum of one and maximum of 12 composites within a search ellipse corresponding to the maximum range of the correlograms. A maximum of two composites per drill hole could be used for any block estimate. Also, a high-grade distance restriction was applied to restrict composite data of gold grades higher than 20.0 g/t to a maximum search distance of 15-m X 25-m X 15-m. Even though somewhat arbitrary, this measure is judged prudent since the continuity of high-grade values is limited and it is desirable to restrict the extrapolation of the higher grade composites within reasonable distances. Search ellipses parameters are described in Table 14.8.
77 Meadowbank Mine Technical Report, February 15, 2012 Table 14.8 – Search ellipse parameters
Rotation Sample search Sample (#) Target rock (degrees) (metres) High-grade Profile Pass Method code restriction Z Y Z X Y Z Min Max Max per hole Portage1 Portage 1 ID2-ID3 10 - - 20 40 20 5 12 2 Yes zones 30 10 Portage2 Portage 2 ID2-ID3 10 - - 25 50 25 3 12 2 Yes zones 30 10 Portage3 Portage 3 ID2-ID3 10 - - 50 100 50 1 12 2 Yes zones 30 10 Bay1 Bay zones 1 ID2-ID3 - 25 0 15 30 15 5 12 2 Yes 10 Bay2 Bay zones 2 ID2-ID3 - 25 0 25 50 25 3 12 2 Yes 10 Bay3 Bay zones 3 ID2-ID3 - 25 0 50 100 50 1 12 2 Yes 10 PORT_SG 100 South 1 ID3 10 - - 100 200 100 1 6 2 No 30 10
14.1.9 Unclassified and unconstrained global resource compilation In order to quickly compare between the 2011 model and the December 31, 2010 resource estimation, BSI compiled the models at various cut-off grades. Also, as the 2011 ID2 model has been built undiluted, an additional attribute was calculated using a 5% dilution applied on the gold grade. The tonnage stays the same as it is assumed that the mining recovery would be 95%. Table 14.9 presents a comparison between the 2010 diluted model and the 2011 undiluted and diluted models compiled at various cut-off grades.
Table 14.9 – Comparison of three different models by cut-off grades
Diff. Cut-off 2 2 2011 gold 2010 Model 2011 Model ID 2011 Model ID Diluted 5% Diluted grade vs. 2010
Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold %
(millions) (g/t gold) (000 oz) (millions) (g/t (000 oz) (millions) (g/t gold) (000 oz) (ounces) gold) 0.0 g/t 34.16 1.92 2,106 34.96 1.76 1,983 34.96 1.67 1,884 -10.5% 0.5 g/t 24.74 2.57 2,040 25.35 2.34 1,904 25.35 2.22 1,809 -11.3% 1.0 g/t 18.85 3.14 1,901 18.12 2.98 1,734 18.12 2.83 1,648 -13.3% 1.5 g/t 14.43 3.72 1,725 13.43 3.59 1,548 13.43 3.41 1,471 -14.7% 2.0 g/t 11.07 4.32 1,537 10.19 4.17 1,367 10.19 3.97 1,299 -15.5% 3.0 g/t 6.97 5.43 1,218 5.81 5.47 1,022 5.81 5.19 971 -20.3%
As expressed in the table, the 2011 diluted model shows a 10% to 20% decrease in ounces, depending of the cut-off grade used, when compared to the 2010 model. At a cut-off close to the Portage pit economic cut-off (around 1.0 g/t gold), the discrepancy is about 3% in tonnes and 10% in grade representing a decrease of about 13% of the gold ounces.
78 Meadowbank Mine Technical Report, February 15, 2012 14.1.10 Classification
The mineral resources estimated for the Portage deposit were classified based on the robustness of the various data sources available, including: quality and reliability of drilling and sampling data; distance between sample points (drilling density); confidence in the geological interpretation; continuity of the geologic structures and of the grade within these structures; variogram models and their related ranges (first and second structures); statistics of the data population; quality of assay data; and tonnage factor.
Based on these criteria, resources have been classified according to the data search used to estimate each block and also on the type of data used for the estimate. Indicated resources correspond to the blocks estimated in the first and second estimation pass, and inferred resources correspond to the blocks estimated in the third estimation pass. The classification model has been reviewed on each level plan and some manual adjustments have been made where needed. 14.1.11 In-pit resource (inclusive of mineral reserves) The diluted ID2 block model was exported to the Whittle pit optimization software, where a pit was generated on indicated resources only. Optimization parameters included a gold price of US$1,600 per ounce, total ore-based costs of US$55.83 per tonne (including processing), average metallurgical recovery of 94.0% and an exchange rate of US$1.00 for C$1.05. G Mining Services Inc. of Montreal performed the pit optimization. Based on these costs and revenues, Agnico-Eagle estimates a cut-off grade of 0.75 g/t gold to be used for resource compilation. Table 14.10 presents the resource estimation tabulation, by category, and at different cut-off grades for the diluted ID2 model within the US$1,600/oz pit shell.
Table 14.10 – Resource compilation within US$1,600/oz pit shell (inclusive of mineral reserves)
Indicated resources Inferred resources Cut-off grade (g/t gold) Tonnes (000) Grade (g/t gold) Gold (000 oz) Tonnes (000) Grade (g/t gold) Gold (000 oz)
0.75 to 1.02 2,117 0.84 57 23 0.82 0.6 1.02 to 1.40 2,495 1.15 92 31 1.15 11.2 > 1.40 11,206 3.38 1,218 287 3.30 30.4 Total 15,819 2.69 1,367 341 2.93 32.2
79 Meadowbank Mine Technical Report, February 15, 2012 This compilation is inclusive of the mineral reserves estimated in Item 15. Agnico-Eagle’s policy is to disclose mineral resources exclusive of mineral reserves. Therefore, these mineral reserves have to be removed from the resource compilation. In Item 15, the mineral reserves are estimated within an Optimized Pit Design using a gold price of US$1,255/oz and higher economic cut-off grade (1.40 g/t gold for full-grade ore and 1.02 g/t gold for marginal ore). For details of the reserve estimation, see Item 15. 14.1.12 In-pit resources (exclusive of mineral reserves) Agnico-Eagle discloses resources exclusive of mineral reserves. The Meadowbank resources are mainly located between the US$1,600 and the US$1,255 pit shells, because the US$1,255 represents the reserve pit and the US$1,600 the resource shell. All blocks between the two pits are considered to be mineral resources if their grade is higher than the economic cut-off for resources (0.75 g/t gold before dilution). Inside the reserve pit (US$1,255), the blocks classified as indicated and higher grade than the economic cut-off for reserve (1.02 g/t gold before dilution) are disclosed as probable reserve, and the blocks with a grade between 0.75 and 1.02 g/t gold are disclosed as indicated resources. Some inferred resources are also present within the reserve pit. Table 14.11 presents the official resource numbers for the Portage deposit exclusive of the mineral reserves.
Table 14.11 – Official resource compilation for Portage deposit (exclusive of mineral reserves)
Indicated resources Inferred resources Cut-off grade Location (g/t gold) Tonnes Grade Gold (000 Tonnes Grade Gold (000 (000) (g/t gold) oz) (000) (g/t gold) oz) Within $1,255 pit shell 0.75 to 1.02 1,828 0.84 49.1 8 0.85 0.2 Within $1,255 pit shell > 1.02 191 3.74 23.0 Within $1,600 pit shell 0.75 to 1.02 290 0.84 7.8 15 0.81 0.4 Within $1,600 pit shell > 1.02 3,109 2.94 294.1 127 2.11 8.6 Total 5,226 2.09 351.0 341 2.93 32.2
14.1.13 Reconciliation with production When a mine is in production, it is important to compare the results of the resource model with the actual production. This comparison is important to determine if the resource model can predict with some accuracy what will be mined in the future (tonnage and grade). To make this comparison, the 2010 and 2011 diluted models were compared between the original bedrock surface and the actual surface at the end of 2011 (using the cut-offgrades used for 2010-2011 production). The volume between these two surfaces corresponds to what has been mined since the beginning of the pre-production (milling to date plus actual stockpiles). Table 14.12 shows the comparison for the two models (2010 and 2011) at different cut-off grades between the two surfaces.
80 Meadowbank Mine Technical Report, February 15, 2012 Table 14.12 – Comparison between 2010 and 2011 models
2010 Model 2011 model ID2 diluted 5% Cut-off grade Difference (g/t gold) Tonnes Grade (g/t gold) Gold (oz) Tonnes Grade (g/t gold) Gold (oz) (ounces)
1.20 to 1.27 214,268 1.24 8,509 235,374 1.17 8,871 +4.2% 1.27 to 1.80 1,604,195 1.52 78,610 1,613,694 1.45 75,192 -4.3% >1.80 4,781,175 4.31 662,560 4,616,843 3.99 591,822 -10.7% Total 6,599,638 3.53 749,680 6,465,912 3.25 675,885 -9.8%
The comparison between the two models shows that the 2011 ID2 diluted model shows less tonnage and grade than the previous model, corresponding to a decrease of about 10% of the ounces for the same volume. For the same volume, the milling to date and stockpile status is as follows: Milling since beginning of the project: 5,049,568 tonnes at 3.51 g/t gold for 569,163 contained ounces (including dome) Stockpile status December 31, 2011: 1,162,004 tonnes at 1.84 g/t gold for 68,650 contained ounces Total production to date: 6,211,572 tonnes at 3.19 g/t gold for 637,813 contained ounces These numbers clearly show that the new model can better predict the tonnage (+4%) and grade (+2%) of the ore that has been mined so far than the previous model did (+6% for tonnage and +11% for grade). Nevertheless, the new model seems to be slightly optimistic, and it will be important to monitor the reconciliation between the production and the model on a monthly basis to know if further parameter changes are necessary.
14.2 Goose open pit resource estimate 14.2.1 Goose open it database As described in section 14.1.1, the Goose database is included in the same database as the Portage deposit. Figure 14.7 illustrates the relative locations of the Portage and Goose pits along with the location of the drill holes (black dots).
81 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.7 – Map showing drill-hole locations in the Goose open pit deposit
14.2.2 Geological interpretation In the December 2010 geological interpretation, six different mineralized solids were interpreted and used for resource estimation. Wireframes were configured to encompass material grading 0.50 g/t gold over a nominal minimum true thickness of 4 m. The result is the presence of parallel solids with often less than 4 m of waste between them (for example in Figure 14.8). With this interpretation, it is then assumed that it will be possible to discriminate the mineralized zones from the waste during mining since no additional dilution is added. In the author’s opinion, the interpretation is too selective; at least part of the waste between mineralized zones will likely be mined at the same time as the ore if the two mineralized zones are higher than the cut-off grade.
82 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.8 – Goose pit Section 4825N looking North (2010 interpretation)
Also, it is not always evident how to connect a given mineralized intersection in one particular section to another intersection in a different section. In many sections, there are alternative choices that could be made to model the different zones. Due to the nature of the mineralization and the size of the operation, there is a risk that the selectivity in the model could probably not be achieved in the field. This is why BSI recommended a broader approach. The BSI interpretation was done using a cut-off gold grade of 0.20 g/t, and only two broader envelopes were modeled at the contact between ultramafic and intermediate volcanics. Figure 14.9 shows the same section (4825N) with the new (2011) interpretation.
83 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.9 – Goose pit Section 4825N looking North (2011 interpretation)
14.2.3 Statistical analysis Drill-hole assay intervals that intersected interpreted domains were coded in the database, and used to analyze sample lengths, and to generate statistics, composites and variography. The level of capping was based on studying the effect of the high-grade values on the mean and standard deviation along with probability and histogram plots. An histogram for the main domain (Zone 100) is given in Figure 14.10 with a corresponding gold grade capping value (70.0 g/t).
84 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.10 – A histogram showing the grade distribution of samples from Zone 100 of the Goose deposit Table 14.13 summarizes some statistics of the original (raw) assay data by zone with their corresponding proposed capping values and the number of samples capped. The statistics show that about 0.3% of the population is capped.
Table 14.13 – Summary statistics of the original assay samples
Zone # samples Uncut Mean Uncut C.V. Capping Value # Capped Cut Mean Cut C.V. 100 5,592 3.08 g/t 10.81 70.0 g/t 15 2.19 g/t 2.91
The capping of the high assays represents an apparent metal loss of 28.8%. This high apparent metal loss is heavily driven by the presence of few very high-grade outliers. Actually, without the three higher grade samples (>700.0 g/t gold), the apparent loss would be about 10%. Statistics performed on metal factor (grade*sample length) shows that the apparent loss is 20.8% and if the three higher grade samples were removed, the apparent loss would be about 8%. This is because the length of the higher grade samples is usually shorter than average. The same capping value was applied to zone 101 and only one sample was capped in this zone. 14.2.4 Compositing The drill-hole database coded within each interpreted zone was composited to achieve a uniform sample support. Because of the size of the planned open pit operation that will use 3.5 metre benches for mining ore, it was decided to composite the data with a regular 2.0-m run length (down hole) within each interpreted domain using the capped value of the original samples.
85 Meadowbank Mine Technical Report, February 15, 2012 Composites of less than 1.0 m were excluded from the database. Nevertheless, if a composite of less than 1.0 m was of significant grade, then the last composite was recalculated manually using the remaining small interval. Descriptive and distribution statistics of the 2-m composites were generated and grouped by mineralized domain (see Table 14.14). The grade datasets for the two estimation domains are characterized by a generally high coefficient of variation (CV) (between 1.8 and 2.2), which is common for many gold deposits that have a nugget effect.
Table 14.14 – Summary statistics of the -m composites (by zone)
Zone # samples Mean gold grade (g/t) Median gold grade (g/t) Std Deviation CV 100 2,540 1.94 0.52 4.25 2.20 101 220 1.50 0.69 2.67 1.77
14.2.5 Bulk density data As for previous estimates, the measured density value was used in the current estimate when it was available. When no measured density was available (which was most of the time), it was replaced by calculated densities assigned by lithology as listed in Table 14.3. Each composite was then assigned a density value, and final density data in the block model were interpolated from the density values of the composites. 14.2.6 Variography Grade variography was generated and modelled in preparation for the estimation of gold grades. The variography was completed based directly on the 2-m downhole composite data. A standard approach was used to generate and model the variography for domain 100 (Domain 101 shows too few samples) as described in Section 14.1.6. The modelled correlogram for domain 100 is summarized in Table 14.15. The rotation angles use the Gemcom convention around the ZYZ axes based on the orientation of the block model used. The resulting orientations were visualized in Gemcom to see if the directions of the axes were consistent with the solid orientations. The orientations generally fit reasonably well with the general orientations of the interpreted zone. Note that some reported rotations have been slightly adjusted on the basis of interpreted geological constraints. The same characteristics were applied to the zone 101.
Table 14.15 – Gold correlogram for 2-m composites for the main domain of the Goose deposit
Ranges Rotation Zone Nugget 1st Structure (SPH) 2nd Structure (EXP) Z Y Z X: 5 X: 15 Y: 30 Y: 100 100 0.30 -69 25 54 Z: 20 Z: 60 Sill: 0.30 Sill: 0.40
86 Meadowbank Mine Technical Report, February 15, 2012 The resulting direction for the major axis is 197° with a plunge of 20° (a shallow plunge to the south-southwest). Figure 14.11 shows an example of the orientation of a search ellipse based on variography study (zone 100).
Figure 14.11 – Isometric view (looking Northeast) showing search ellipse orientation Goose Pit area
14.2.7 Block modeling A block model was constructed (GooseNov2011) within the Portage P_G Gems 6.3 database. The block model extent was designed to be large enough to facilitate pit optimizations and associated pit slopes. The block dimension (5-m X 10-m X 3.5-m) is based on the existing drilling pattern, mine planning considerations (3.5-m benches for mining ore) and equipment to be used (Table 14.16).
Table 14.16 – Goose pit deposit block model parameters
East (X) North (Y) Elevation (Z) Origin 1700 3800 5155 Block size (metres) 5 10 3.5 Number of blocks 120 150 80 Model rotation (degrees) 0
87 Meadowbank Mine Technical Report, February 15, 2012 The domain coding for interpolation (rock type model) was based on the various wireframe constraints (lithology solids and mineralized zones). Table 14.17 presents the domain coding of the various wireframes, solids and surfaces used in the block model.
Table 14.17 – Block model coding
Type Triangulation Folder Solid or surface name Description Domain Code Surface DEC11_G_PIT Goose_Final_PitDesign Pit design reserves Dec 2010 Surface ALLtopotr BEDROCK_FromDDH Bedrock surface Surface ALLtopotr EOM JUNE Topo Surface Geology DEC11_G_PIT Goose1_ClipBR_ClipBot Mineralized solid 100 Geology DEC11_G_PIT Goose2_EB_ClipBot Mineralized solid 101 Geology DEC11_G_LITH 202_Union Lithology domain (Ultramafics) 202 Geology DEC11_G_LITH 203_Union Lithology domain (Iron Formation +V9) 203 Geology DEC11_G_LITH 204_Union Lithology domain (Intermediate volcanics) 204 Geology DEC11_G_LITH 208_Union Lithology domain (Sediments) 208
Also, within the block model project, a series of models were incorporated for recording the different attributes assigned and calculated in the block model development (Table 14.18).
Table 14.18 – Block model attributes
Folder Description Rock Type Rock model based on lithological and mineralized domains Density Density (t/m³) Percent Percent model (not used) Au_OK Ordinary kriging model Au_ID2 Inverse distance model (second power) Au_ID2_Dil5% Diluted model (ID2) Au_ID3 Inverse distance model (third power) Litho Rock model based on lithological domains only Classification Classification (1 and 2=indicated, 3=inferred)
14.2.8 Grade estimation methodology Grade estimation was done using inverse distance (second power) with hard boundaries between domains while inverse distance to the third power (ID³) and ordinary kriging (OK) were used for comparison. Gems 6.3 software was used for the estimates. The grade estimates were generated using the cut 2-m composites. The blocks that are included in one particular domain are estimated only with the composites coded within this domain (hard boundary). The three estimates (OK, ID2 and ID3) have been made using a similar sample search approach to the one described in Section 14.1.8. Also, a high-grade distance restriction was applied to restrict composite data with grades higher than 25.0 g/t gold to a maximum search distance of 30-m X 20-m X 10-m. Even though somewhat arbitrary, this measure is judged prudent since the continuity of high-grade values is limited and it is desirable to restrict the extrapolation of the higher grade composites within reasonable distances. Search ellipses parameters are described in Table 14.19.
88 Meadowbank Mine Technical Report, February 15, 2012 Table 14.19 – Search ellipse parameters
Rotation Sample search Sample (#) Interpolation Target rock (degrees) (metres) Pass Method High grade profile code Max per Z Y Z X Y Z Min Max restriction hole 100_N_1 100 North 1 OK-ID2-ID3 -69 25 54 10 30 20 5 12 2 Yes 100_N_2 100 North 2 OK-ID2-ID3 -69 25 54 10 60 40 3 12 2 Yes 100_N_3 100 North 3 OK-ID2-ID3 -69 25 54 15 100 60 1 12 2 Yes 100_S_1 100 South 1 OK-ID2-ID3 -69 25 70 10 30 20 5 12 2 Yes 100_S_2 100 South 2 OK-ID2-ID3 -69 25 70 10 60 40 3 12 2 Yes 100_S_3 100 South 3 OK-ID2-ID3 -69 25 70 15 100 60 1 12 2 Yes 101_1 101 1 OK-ID2-ID3 -45 30 50 10 30 20 5 12 2 Yes 101_2 101 2 OK-ID2-ID3 -45 30 50 10 50 30 3 12 2 Yes 101_3 101 3 OK-ID2-ID3 -45 30 50 15 100 60 1 12 2 Yes 100SG 100-101-203 1 ID3 27 17 -21 50 300 200 1 6 2 No
14.2.9 Classification The mineral resources estimated for the Goose open pit deposit were classified based on the robustness of the various data sources available, as described in Section 14.1.10. They have been classified according to the data search used to estimate each block and also on the type of data used for the estimate. Indicated resources correspond to the blocks estimated in the first and second estimation pass and inferred resources correspond to the blocks estimated in the third estimation pass. The classification model has been reviewed on each level plan and some manual adjustments have been made where needed.
14.2.10 Model results and comparison with last year In order to quickly compare the 2011 model with the December 31, 2010 resource estimation, BSI compiled the two models within the December 2010 pit design, using the same cut-off gold grades as last year (1.20 g/t for marginal ore, 1.27 g/t for low grade and 1.80 g/t for high grade). As shown in Table 14.20, the new 2011 model shows more tonnage and lower grade than the 2010 model and slightly more gold ounces. This was expected with the broader approach used in the new model.
Table 14.20 – Compilation within the December 2010 pit design
2010 Model (BSI compilation) 2011 Model ID2 diluted 5% Cut-off grade (g/t gold) Tonnes (000) Grade (g/t gold) Gold (oz)(000) Tonnes (000) Grade (g/t gold) Gold (oz) (000)
Marginal 53.8 1.23 2.1 80.0 1.17 3.0 Low grade 338.3 1.54 16.7 546.3 1.45 25.5 High grade 1 966.1 5.18 327.4 2,255.4 4.64 336.2 Total 2,358.2 4.57 346.2 2,881.7 3.94 364.7
89 Meadowbank Mine Technical Report, February 15, 2012 14.2.11 In-pit resources (inclusive of mineral reserves) The diluted ID2 block model was exported to the Whittle pit optimization software, where a pit was generated on indicated resources only. Optimization parameters included a gold price of US$1,255 per ounce, total ore-based costs of US$55.83 per tonne (including processing), average metallurgical recovery of 94.0% and exchange rate of US$1.00 for C$1.05. G Mining Services performed the pit optimization. Based on these costs and revenues, Agnico-Eagle estimates the cut-off grade to be used for resource compilation at 0.75 g/t gold. Table 14.21 presents the resource estimation tabulation, by category, and at different cut-off grades for the diluted ID2 model within the US$1,255/oz pit shell. There are no inferred resources within the pit shell.
Table 14.21 – Resource compilation within US$1,600/oz pit shell (inclusive of mineral reserves)
Cut-off Indicated Location (g/t gold) Tonnes (000) Grade (g/t gold) Gold (000 oz) Within $1,255/oz pit shell 0.75 to 1.02 230 0.84 6.2 Within $1,255/oz pit shell 1.02 to 1.40 290 1.15 10.7 Within $1,255/oz pit shell >1.40 2,042 4.36 286.2 Total 2,562 3.68 303.1
This compilation is inclusive of the mineral reserves estimated in Item 15. Agnico-Eagle’s policy is to disclose mineral resources exclusive of the mineral reserves. Therefore, the mineral reserves have to be removed from the resource compilation. 14.2.12 In-pit resources (exclusive of mineral reserves) The US$1,255/oz pit shell corresponds to the pit reserves. There is no US$1,600/oz shell for the Goose deposit since resources below the reserve pit are considered to be part of the Goose underground project (the next section). Inside the reserve pit (US$1,255/oz), the blocks classified as indicated and higher grade than the economic cut-off for reserves (1.02 g/t gold before dilution) are disclosed as probable reserve, and the blocks with a grade between 0.75 and 1.02 g/t gold are disclosed as indicated resources. There are no inferred resources within the reserve pit. Table 14.22 presents the December 31, 2011 resource numbers for the Goose open pit deposit exclusive of the mineral reserves.
Table 14.22 – Resource compilation for the Goose open pit deposit (exclusive of mineral reserves) as of December 31, 2011
Cut-off grade Indicated resources Location (g/t gold) Tonnes (000) Grade (g/t gold) Gold (000 oz) Within $1,255 pit shell 0.75 to 1.02 230 0.84 6.2 Within $1,255 pit shell 1.02 to 1.40 0 0 0 Within $1,255 pit shell >1.40 0 0 0 Total 230 0.84 6.2
90 Meadowbank Mine Technical Report, February 15, 2012 14.3 Goose underground resource estimate 14.3.1 Goose underground database As described in section 14.1.1, the Goose database is included in the same database as the Portage deposit. Figure 14.12 illustrates the relative locations of the Goose pit along with the location of the drill holes associated with the Goose underground estimation (black dots).
Figure 14.12 – Map showing Goose underground project drill-hole locations
14.3.2 Geological interpretation For the Goose underground project, the geological interpretation remains essentially unchanged from previous years. Wireframes were configured to encompass material grading 0.50 g/t gold over a nominal minimum true thickness of 3 m. The result is the presence of parallel solids often with less than 2 m of waste between them (Figure 14.13). Four main lenses form almost the totality (99%) of the volume identified during interpretation. These are about the same than last year except the fact that they were extended to the South by close to 500 m. However, it must be noted that there is only few drilling in that part of the deposit.
91 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.13 – Interpreted mineralized zones of the Goose underground project (looking Northeast)
14.3.3 Statistical analysis Drill-hole assay intervals intersecting interpreted domains were coded in the database, and used to analyze sample lengths, and to generate statistics, composites and variography. The level of capping was based on the study of the effect of the high-grade values on the mean and standard deviation along with probability and histogram plots. An histogram for all domains is given in Figure 14.14 with the corresponding capping value (65.0 g/t gold).
92 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.14 – Histogram showing the grades of the original samples from the Goose underground project, including all domains Table 14.23 summarizes some statistics of the original (raw) assay data with the corresponding proposed capping value and the number of samples capped. The statistics show that about 0.3% of the population is capped.
Table 14.23 – Summary statistics of the original assay samples
Zone # samples Uncut Mean Uncut C.V. Capping Value # Capped Cut Mean Cut C.V. All 6,411 3.62 g/t 9.29 65.0 g/t 21 2.57 g/t 2.53
The capping of the high assays represents an apparent metal loss of 29.0%. This high apparent metal loss is heavily driven by the presence of a few very high-grade outliers. Without the five highest grade samples (>500.0 g/t gold), the apparent loss would be about 11%. The same capping value was applied to all domains. 14.3.4 Compositing The drill-hole database coded within each interpreted zone was composited to achieve a uniform sample support. Because of the size of the planned underground operation (minimum width of 3.0 m), it was decided to use the capacity of Gemcom software to distribute the length of the last interval among the other intervals, making each of them equally longer within each interpreted domain using the capped value of the original samples. It was set to be as close as possible to 1.0 m.
93 Meadowbank Mine Technical Report, February 15, 2012 Descriptive and distribution statistics of the 1-m composites were generated for all domains and are presented in Table 14.24. The grade dataset is characterized by a high coefficient of variation (CV) (around 2.3), which is common for many gold deposits that have a nugget effect.
Table 14.24 – Summary statistics of the 2-m composites
Zone # samples Mean gold grade (g/t) Median gold grade (g/t) Std Deviation CV All 6,151 2.26 0.57 5.19 2.29
14.3.5 Bulk density data As in earlier mineral resource estimates, the measured density value was used in the current estimate when it was available. When no measured density was available (which was most of the time), it was replaced by calculated densities assigned by lithology as listed inTable 14.3 . Each composite was then assigned a density value, and final density data in the block model were interpolated from the density values of the composites. 14.3.6 Variography Grade variography was generated and modelled in preparation for the estimation of gold grades. The variography was completed based directly on the 1-m downhole composite data. A standard approach was used to generate and model the variography for domain 100 (the main domain) as described in Section 14.1.6. The modelled correlograms for domain 100 are summarized in Table 14.25. The rotation angles use the Gemcom convention around the ZYZ axes based on the orientation of the block model used. The resulting orientations were visualized in Gemcom to see if the directions of the axes were consistent with the solid orientations. The orientations generally fit reasonably well with the general orientations of the interpreted zone (Figure 14.15). Note that some reported rotations have been slightly adjusted on the basis of interpreted geological constraints.
Table 14.25 – Gold correlogram for Zone 100 of the Goose underground project
Ranges Rotation Zone Nugget 1st Structure (EXP) 2nd Structure (EXP) Z Y Z X: 5 X: 10 Y: 35 Y: 100 100 0.20 10 5 0 Z: 8 Z: 75 Sill: 0.40 Sill: 0.40
The resulting direction for the major axis is 350° with a plunge of 0° (horizontal).
94 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.15 – Search ellipse for Zone 100 of the Goose underground project
14.3.7 Block modeling A block model was constructed (GUndgDec2011) within the Portage P_G Gems 6.3 database. The block model extentwas designed to be large enough to include all interpreted mineralized zones. The block dimension (2-m X 5-m X 5-m) is based on the size of the mineralized zones (minimum width of 3 m) and the fact that they are folded and block size must be relatively small to fill the volume adequately (Table 14.26).
Table 14.26 – Goose underground deposit block model parameters
East (X) North (Y) Elevation (Z) Origin 1,800 3,100 5,150 Block size (metres) 2 5 5 Number of blocks 325 520 150 Model Rotation (degrees) 0
The domain coding for interpolation (rock type model) was based on the various wireframe constraints (lithology solids and mineralized zones). Table 14.27 presents the domain coding of the various wireframes, solids and surfaces used in the block model.
95 Meadowbank Mine Technical Report, February 15, 2012 Table 14.27 – Block model coding, Goose underground deposit
Type Triangulation Solid or surface name Description Domain Folder Code Surface Surfaces2011 Goose_Final_V9 Goose Pit design 2011 Surface Surfaces2011 BEDROCK_FromDDH Bedrock surface Surface Surfaces2011 PitGoose_minimize_Bedrock Pit design reserves Dec 2011 minimized with Surface Surfaces2011 Bottom_Goose_Undg Bottombedrock of block surface model Geology GooseUnd2011 Zone100 Mineralized solid 100 Geology GooseUnd2011 103 Mineralized solid 103 Geology GooseUnd2011 104 Mineralized solid 104 Geology GooseUnd2011 105 Mineralized solid 105 Geology GooseUnd2011 150 Mineralized solid 150 Geology GooseUnd2011 151 Mineralized solid 151 Geology GooseUnd2011 152 Mineralized solid 152 Geology GooseUnd2011 153 Mineralized solid 153 Geology GooseUnd2011 154 Mineralized solid 154 Geology GooseUnd2011 155 Mineralized solid 155 Geology GooseUnd2011 156 Mineralized solid 156 Geology GooseUnd2011 157 Mineralized solid 157
Also, within the block model project, a series of models were incorporated for recording the different attributes assigned and calculated in the block model development (Table 14.28).
Table 14.28 – Block model attributes for the Goose underground project
Folder Description Rock Type Rock model based on mineralized domains Density Density (t/m³) Percent Percent model (not used) Au_ID2 Inverse distance model (second power) Class Classification (1 and 2=indicated, 3=inferred)
14.3.8 Grade estimation methodology Grade estimation was done using inverse distance (second power) with hard boundaries between domains. Gems 6.3 software was used for the estimates. The grade estimates were generated using the cut 1-m composites. The blocks that are included in one particular domain are estimated only with the composites coded within this domain (hard boundary). The estimate has been done using a sample search approach as described in Section 14.1.8. Search ellipse parameters are described in Table 14.29. The first 220 rows (north part of the model) were estimated with a search ellipse oriented slightly differently than the southern rows to follow the orientation of the solids.
96 Meadowbank Mine Technical Report, February 15, 2012 Table 14.29 – Search ellipse parameters
Rotation Sample search Sample Interpolation Target rock code Pass Method (meter) profile Z Y Z X Y Z Min Max Max per hole
GN_UNDG1 All North 1 ID2 0 20 0 5 35 20 5 12 2 GN_UNDG2 All North 2 ID2 0 20 0 25 70 50 3 12 2 GN_UNDG3 All North 3 ID2 0 20 0 100 350 350 1 12 2 G_UNDG1 All South 1 ID2 10 5 0 5 35 20 5 12 2 G_UNDG2 All South 2 ID2 10 5 0 25 70 50 3 12 2 G_UNDG3 All South 3 ID2 10 5 0 100 300 300 1 12 2 UND_SGN All North 1 ID3 0 20 0 50 200 150 1 6 2 UND_SGS All South 1 ID3 10 5 0 50 200 150 1 6 2
14.3.9 Classification The mineral resources estimated for the Goose underground deposit were classified based on the robustness of the various criteria, as described in Section 14.1.10 In order to classify the underground mineral resources of the Goose deposit, individual resource block models were combined to correspond to the stope dimensions using the Gemcom software. The “stope” dimensions were set at 15 m wide by 30 m high over the full thickness of the ore zone as determined by an engineering rock mechanics study. The mineral resources in each “stope” were classified primarily on the basis of data density as evaluated on the number of estimation passes required to interpolate gold into a block. For each individual block, a value of 1, 2 or 3 was assigned based on which interpolation pass the gold grade is assigned. When compiling the blocks within the “stopes”, if the majority of the blocks were estimated in passes 1 and 2, the “stope” was classified as indicated and if the majority of the blocks were estimated in pass 3, the “stope” was classified as inferred. 14.3.10 Mineral resources tabulation In order to be included in the mineral resources table, the gold grade of a “stope” had to be higher than 75% of the cut-off grade calculated for underground mining. The parameters used to calculate the economic cut-off grades are shown in Table 14.30.
Table 14.30 – Economic parameters used for underground cut-off grade calculation
Parameter Price Unit Gold price 1,255.00 $US / oz Exchange rate 1.05 C$/US$ Gold price 1,317.75 $C/oz Ore mining 70.00 $C/ tonne Processing 25.06 $C/tonne Gen. & Admin. 25.82 $C/tonne Total costs 120.88 $C/tonne Dilution 25% at 0.0 g/t Mill recovery 94%
97 Meadowbank Mine Technical Report, February 15, 2012 Based on these parameters, the economic underground cut-off grade before dilution and mill recovery was calculated at 3.79 g/t gold. Therefore, the economic cut-off (following Agnico- Eagle policy) for resources was set at 2.84 g/t gold (75%*3.79g/t). The resource model has been compiled below the Goose open pit surface (minimized with the bedrock surface (at average elevation of 5,125 m) and the bottom of the block model (elevation 4,400). No surface pillars have been left. Table 14.31 summarizes the underground resource estimation for the Goose deposit.
Table 14.31 – Goose underground project resource compilation
Indicated resources Inferred resources Zone Tonnes (000) Grade Gold (000 oz) Tonnes (000) Grade (g/t gold) Gold (000 oz) 100 1 014 (g/t gold)4.65 151.7 718 4.35 100.4 103 637 4.84 99.2 1 062 4.45 151.8 104 277 4.13 36.9 211 3.92 26.6 105 391 5.74 72.1 197 4.20 26.5 150 151 25 6.05 4.8 152 153 22 6.81 4.8 154 155 156 157 Total 2 341 4.85 364.7 2 213 4.36 310.1
Notes: Indicated resources include a 25% dilution at 0.0 g/t Cut-off grade (2.84 g/t gold) for indicated resources (75% of the economic cut-off calculated as 3.79 g/t) is applied after dilution. Inferred resources are not diluted (cut-off grade of 2.84 g/t gold) Estimation is based on “stope” panels with dimensions of 15 m (north-south) X 30 m (elevation) x full thickness of the zone. Cut-off grade is applied on panels Zones without resources mean that the grade of all panels were lower than the economic cut-off. Since the Goose underground resource models were not economically evaluated for their underground mining potential, no reserves have been defined.
98 Meadowbank Mine Technical Report, February 15, 2012 14.4 Vault resource estimate 14.4.1 Vault database As the Vault deposit is located about 7 km north of the Goose and Portage deposits, a separate database is used for resource estimation. Agnico-Eagle provided BSI in November 2011 with a Ddrill-hole database (Gems 6.3 format) that included all verified drill-hole information available at that time for the Vault deposit. The final database used for resource estimation (Portage P_G) contained the following tables and fields: dollar information - hole ID, xyz coordinates of collar, maximum depth; downhole survey - hole ID, down-hole depth, dip, azimuth; assay data - hole ID, sample ID, depth from, depth to, gold value in g/t; and lithology data - hole ID, depth from, depth to, rock type. The database contains data from 476 diamond drill holes, representing a total of 65,277 m of drilling. The assay table consists of 33,262 records of gold assays with an average sample length of 1.01 m, representing 33,544 assayed metres. Gold grade varies from 0.0 to 2,318.0 g/t and averages 0.70 g/t (uncapped). All the data used for resource estimation are derived from this drilling database. The drill-hole density is judged sufficient to develop a reasonable picture of the distribution of mineralization, and to quantify its volume and quality with a reasonable degree of confidence (Figure 14.16).
99 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.16 – Map showing the Vault deposit drill-hole locations
14.4.2 Geological interpretation In the December 2010 geological interpretation, 29 different mineralized solids were interpreted and used for resource estimation. Wireframes were configured to encompass material grading 0.50 g/t gold over a nominal minimum true thickness of 4 m. The result is the presence of parallel solids with often less than 4 m of waste between solids (as in Figure 14.17).
100 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.17 – Isometric view (looking northeast) of the Vault deposit’s mineralized zones as of the December 31, 2010 model With this interpretation, it is assumed that it will be possible to discriminate the mineralized zones from the waste during mining, since no additional dilution is added. In the author’s opinion, the interpretation is too selective; at least part of the waste between the mineralized zones will likely be mined at the same time as the ore if the two mineralized zones are higher than the cut-off grade. Also, it is not always evident how to connect a given mineralized intersection in one particular section to another intersection in a different section. In many cases, there are alternative choices that could be made to model the different zones. Due to the nature of the mineralization and the size of the operation, there is a risk that the selectivity in the model could probably not be achieved in the field. This is why BSI recommended a broader approach. Figure 14.18 illustrates the new approach compared with the previous one.
101 Meadowbank Mine Technical Report, February 15, 2012
Figure 14.18 – Vault pit drilling Section 4625N, looking North (2010 vs. 2011 interpretation)
102 Meadowbank Mine Technical Report, February 15, 2012 14.4.3 Statistical analysis Drill-hole assay intervals intersecting interpreted domains were coded in the database, used to analyze sample lengths, generate statistics, composites and variography. The level of capping was based on the study of the effect of the high-grade values on the mean and standard deviation along with probability and histogram plots. An histogram for all domains is shown in Figure 14.19 with a corresponding capping value (50.0 g/t gold).
Figure 14.19 – Histogram showing the grades of the original samples from the Vault deposit, including all domains Table 14.32 summarizes some statistics of the original (raw) assay data with the corresponding proposed capping value and the number of samples capped. The statistics show that about 0.1% of the population is capped.
Table 14.32 – Summary statistics of the original assay samples
Zone # samples Uncut Mean Uncut C.V. Capping Value # Capped Cut Mean Cut C.V. All 10,157 2.05 g/t 11.47 50.0 g/t 10 1.77 g/t 1.99
The capping of the high assays represents an apparent metal loss of 13.5%. This high apparent metal loss is heavily driven by the presence of one very high-grade outlier (2,328.0 g/t). Actually, without this higher grade sample, the apparent loss would be only 3%. The same capping value was applied to all domains.
103 Meadowbank Mine Technical Report, February 15, 2012 14.4.4 Compositing The drill-hole database coded within each interpreted zone was composited to achieve a uniform sample support. Because of the size of the potential open pit operation that would use 3.5-m benches for mining ore, it was decided to composite the data with a regular 2.0-m run length (down hole) within each interpreted domain using the capped value of the original samples. Composites of less than 0.75-m were excluded from the database. Descriptive and distribution statistics of the 2-m composites were generated and the population is characterized by a moderate coefficient of variation (CV) (1.37) (Table 14.33).
Table 14.33 – Summary statistics of the 2m composites
Mean gold grade Median gold grade Zone # samples Std Deviation CV (g/t) (g/t) all 4,428 1.53 0.81 2.10 1.37
14.4.5 Bulk density data As for earlier mineral resource estimates, the measured density was used in the current estimate when it was available. When no measured density was available (which was most of the time), it was replaced by calculated densities assigned by lithology as listed in Table 14.3. Each composite was then assigned a density value, and final density data in the block model were interpolated from the density value of the composites. 14.4.6 Variography Grade variography was generated and modelled in preparation for the estimation of gold grades. The variography was completed based directly on the 2-m downhole composite data. A standard approach was used to generate and model the variography for the main domain 100 as described in Section 14.1.6. Variography was modeled with a nugget effect and two structures representing the larger scale spatial variability of the datasets. The modelled correlogram for domain 100 is summarized in Table 14.34. The rotation angles use the Gemcom convention around the ZYZ axes based on the orientation of the block model used. The resulting orientations were visualized in Gemcom to see if the directions of the axes were consistent with the solid orientations. The orientations generally fit reasonably well with the general orientations of the interpreted zone (see Figure 14.20). Note that some reported rotations have been slightly adjusted on the basis of interpreted geological constraints.
104 Meadowbank Mine Technical Report, February 15, 2012 Table 14.34 – Gold correlogram for Zone 100 of the Vault deposit
Ranges Rotation Zone Nugget 1st Structure (EXP) 2nd Structure (EXP) Z Y Z X: 15 X: 85 Y: 30 Y: 70 100 0.20 0 22 0 Z: 5 Z: 20 Sill: 0.40 Sill: 0.40
The resulting direction for the major axis is along the dip at 90° with a plunge of -22° .
Figure 14.20 – Search ellipse for the Vault deposit based on variography (looking North-West)
14.4.7 Block modelling A block model was constructed (VLTDec11) within the Vault P_G Gems 6.3 database. The block model extent was designed to be large enough to facilitate pit optimizations and associated pit slopes (Table 14.35).
105 Meadowbank Mine Technical Report, February 15, 2012 Table 14.35 – Vault deposit block model parameters
East (X) North (Y) Elevation (Z) Origin 2550 3315 5175 Block size 5 10 3.5 Number of blocks 350 220 200 Model Rotation 0
The block dimension (5-m X 10-m X 3.5-m) is based on the size of the mineralized zones, the existing drilling pattern, mine planning considerations (3.5-m benches for mining ore) and equipment to be used. The domain coding for interpolation (rock type model) was based on the various wireframe constraints (lithology solids and mineralized zones). Table 14.36 presents the domain coding of the various wireframes, solids and surfaces used in the block model.
Table 14.36 – Block model coding for the Vault deposit
Type Triangulation Folder Solid or surface name Description Domain Code Surface RES_2011EB Topo_TEMP_2011-11-04 Topo from DDH Surface RES_2011EB Bedrock_TEMP_2011-11-04 Bedrock surface from DDH Surface RES_2011EB Vault_Final_v12 Pit design Reserves 2011 Surface RES_2011EB VLT_1600MII_Shell Pit shell Resources 2011 Surface RES_2011EB Bottom Surface at the bottom of the model Geology RES_2011EB 100a_Clip_BR Mineralized solid 100 Geology RES_2011EB 101_Clip_BR Mineralized solid 101 Geology RES_2011EB 102_Clip_BR Mineralized solid 102 Geology RES_2011EB 103_Clip_BR Mineralized solid 103 Geology RES_2011EB 104_Clip_BR Mineralized solid 104 Geology RES_2011EB 105_Clip_BR Mineralized solid 105 Geology RES_2011EB 106_Clip_BR Mineralized solid 106 Geology RES_2011EB 110_Clip_BR Mineralized solid 110 Geology RES_2011EB 204_Clip_BR Lithology domain (Intermediate volcanics) 204
Also, within the block model project, a series of models were incorporated for recording the different attributes assigned and calculated in the block model development (Table 14.37).
Table 14.37 – Block model attributes
Folder Description Rock Type Rock model based on lithological and mineralized domains Density Density (t/m³) Percent Percent model (not used) Au_ID2 Inverse distance model (second power) Au_ID2_Dil5% Diluted inverse distance model (second power) (Au_ID2* 0.95) ID3 Inverse distance model (third power) Au_OK Ordinary kriging model Class_Final Classification (1 and 2=indicated, 3=inferred)
106 Meadowbank Mine Technical Report, February 15, 2012 14.4.8 Grade estimation methodology Grade estimation was done using inverse distance to the second power (ID²) with hard boundaries between domains while inverse distance to the third power (ID³) and ordinary kriging (OK) models were used for comparison. Gems 6.3 software was used for the estimates. The grade estimates were generated using the capped 2-m composites. The blocks that are included in one particular domain are estimated only with the composites coded within this domain (hard boundary). The three estimates (ID2, ID3 and OK) have been made using a similar sample search approach to the one described in Section 14.1.8. Also, a high-grade distance restriction was applied to restrict composite data with grades higher than 20.0 g/t gold to a maximum search distance of 25-m X 20-m X 10-m. Even though somewhat arbitrary, this measure is judged prudent since the continuity of high-grade values is limited and it is desirable to restrict the extrapolation of the higher grade composites within reasonable distances. Search ellipse parameters are described in Table 14.38.
Table 14.38 – Search ellipses parameters
Interpolation Target rock Rotation Sample search Sample High grade Pass Method (meter) profile code Z Y Z X Y Z Min Max Max per restriction hole VLT1 All Ore 1 OK-ID2- 0 22 0 30 25 5 5 12 2 Yes VLT2 Allzones Ore 2 OKID3-ID2 - 0 22 0 60 35 10 3 12 2 Yes VLT3 Allzones Ore 3 OKID3-ID2 - 0 22 0 100 75 30 1 12 2 Yes VLT_SG zonesAll 1 ID3 0 22 0 100 75 30 1 6 2 No
14.4.9 Model results and comparison with last year In order to quickly compare between the 2011 model and December 31, 2010 resource estimation, BSI compiled the two models (not classified) within the December 2010 pit design, using the same cut-off gold grades as last year (1.22 g/t for marginal ore, 1.30 g/t for low-grade and 1.80 g/t for high-grade). As shown in Table 14.39, the new 2011 model shows more tonnage and lower grade than the 2010 model and slightly fewer ounces. This was expected with the broader approach used in the new model.
Table 14.39 – Compilation within the December 31, 2010 pit design
2010 Model (BSI compilation) 2011 Model ID2 Diluted 5% Cut-off grade (g/t gold) Tonnes (000) Grade (g/t gold) Gold (oz) (000) Tonnes (000) Grade (g/t gold) Gold (oz) (000)
Marginal 563.9 1.26 22.9 617.8 1.20 23.8 Low grade 3,606.2 1.55 179.5 3,744.2 1.46 176.2 High grade 9,726.2 3.25 1,014.9 9,714.6 3.18 992.9 Total 13,896.3 2.72 1,217.3 14,076.6 2.64 1,192.9
107 Meadowbank Mine Technical Report, February 15, 2012 14.4.10 Classification The mineral resources estimated for the Vault deposit were classified based on the robustness of the various criteria, as described in Section 14.1.10. The resources have been classified according to the data search used to estimate each block and also on the type of data used for the estimate. Indicated resources correspond to the blocks estimated in the first and second estimation pass, and inferred resources correspond to the blocks estimated in the third estimation pass. The classification model has been reviewed on each level plan and some manual adjustments were made where needed. 14.4.11 In-pit resources (inclusive of mineral reserves) The diluted ID2 block model was exported to the Whittle pit optimization software, where a pit was generated on indicated resources only. Optimization parameters included a gold price of US$1,600 per ounce, total ore-based costs of US$55.83 per tonne (including processing), average metallurgical recovery of 94.0% and an exchange rate of US$1.00 for C$0.98. G Mining Services performed the pit optimization. Based on these costs and revenues, Agnico-Eagle estimates the cut-off grade to be used for resource compilation at 0.75 g/t gold. Table 14.40 presents the resource estimation tabulation, by category, and at different cut-off grades for the Diluted ID2 model within the US$1,600/oz pit shell.
Table 14.40 – Resource compilation within US$1,600/oz pit shell (inclusive of mineral reserves)
Cut-off Indicated resources Inferred reserves (g/t gold) Tonnes (000) Grade(g/t gold) Gold (000 oz) Tonnes (000) Grade (g/t gold) Gold (000 oz) 0.75 to 1.02 2,543 0.84 68.3 13 0.84 0.4 1.02 to 1.47 3,597 1.18 136.7 22 1.21 0.8 > 1.47 12,915 2.85 1,184.1 76 2.18 5.3 Total 19,055 2.27 1 389.1 111 1.83 6.5
This compilation is inclusive of the mineral reserves estimated in Item 15. Agnico-Eagle’s policy is to disclose mineral resources exclusive of the mineral reserves. Therefore, these mineral reserves have to be removed from the resource compilation. In Item 15, the mineral reserves are estimated within an optimized pit design using a gold price of US$1,255/oz and a higher economic cut-off gold grade (1.47 g/t for full-grade ore and 1.02 g/t for marginal ore). For details of the reserve estimation, see Item 15.
14.4.12 In-pit resources (exclusive of mineral reserves) The official resources at Meadowbank are disclosed exclusive of the mineral reserves. The resources are mainly located between the US$1,600/oz and the US$1,255/oz pit shells because the US$1,255/oz represents the reserve pit and the US$1,600/oz the resource shell. All blocks
108 Meadowbank Mine Technical Report, February 15, 2012 between the two pits are considered to be mineral resources if their grade is higher than the economic cut-off grade for resources (0.75 g/t gold before dilution). Inside the reserve pit (US$1,255/oz), the blocks classified as indicated and higher grade than the economic cut-off for reserves (1.02 g/t gold before dilution) are disclosed as probable reserve and the blocks with a grade between 0.75 and 1.02 g/t gold are disclosed as indicated resources. Some inferred resources are also present within the reserve pit. Table 14.41 presents the resource numbers for the Vault deposit exclusive of the mineral reserves as of December 31, 2011.
Table 14.41 – Mineral resources within the US$1,600/oz pit shell (exclusive of mineral reserves)
Indicated resources Inferred resources Cut-off Location (g/t gold) Tonnes Grade Gold (000 Tonnes Grade Gold (000 (000) (g/t gold) oz) (000) (g/t gold) oz) Within $1,255/oz pit shell 0.75 to 1,491 0.83 40.0 Within $1,255/oz pit shell > 1.02 7.9 2.37 0.6 Within $1,600/oz pit shell 0.75 to 1,052 0.84 28.3 13.4 0.84 0.4 Within $1,600/oz pit shell > 1.02 6,873 2.37 524.8 89.6 1.93 5.5 Total 9,416 1.96 593.1 110.9 1.83 6.5
14.5 Meadowbank global resource estimation Table 14.42 is a compilation of the mineral resource estimate for the Meadowbank mine as of December 31, 2011. The mineral resources are exclusive of mineral reserves. The resources are tabulated by deposit and for the different cut-off grades used. Numbers are rounded to the nearest thousand (tonnes and ounces) to reflect the fact that it is an estimation. The table includes resource numbers for the PDF deposit. It must be noted that PDF deposit was not updated in 2011.
109 Meadowbank Mine Technical Report, February 15, 2012
Table 14.42 – Meadowbank mine mineral resources (exclusive of mineral reserves) as of December 31, 2011
Cut-off Indicated resources Inferred resources Deposit Location grade (g/t Tonnes Grade Gold Tonnes Grade Gold gold) (000) (g/t gold) (000 oz) (000) (g/t gold) (000 oz) Portage Within US$1,255/oz 0.75 to 1.02 1,828 0.84 49.1 8 0.85 0.2 open pit pit shell
Portage Within US$1,255/oz > 1.02 191 3.74 23.0 open pit pit shell Portage Within US$1,600/oz 0.75 to 1.02 290 0.84 7.8 15 0.81 0.4 open pit pit shell Portage Within US$1,600/oz > 1.02 3,109 2.94 294.1 127 2.11 8.6 open pit pit shell Vault open Within US$1,255/oz 0.75 to 1.02 1,491 0.83 40.0 pit pit shell Vault open Within US$1,255/oz > 1.02 8 2.37 0.6 pit pit shell Vault open Within US$1,600/oz 0.75 to 1.02 1,052 0.84 28.3 13.4 0.84 0.4 Pit pit shell Vault open Within US$1,600/oz > 1.02 6,873 2.37 524.8 89.6 1.93 5.6 pit pit shell Goose open Within US$1,255/oz 0.75 to 1.02 230 0.84 6.2 pit pit shell Goose Below US$1,255/oz > 2.84 2,341 4.85 364.7 2,213 4.36 310.1 underground pit shell PDF deposit US$848* >1.14 1,079 3.18 110.5 Total 17,213 2.38 1,315 3 745 3.81 459.3 *There is no pit design for the PDF deposit Note that total numbers may not match because of rounding. Numbers are rounded to reflect the fact that it is an approximation.
110 Meadowbank Mine Technical Report, February 15, 2012 Item 15. Mineral Reserve Estimates The reserves for the Meadowbank mine are reported according to the Canadian Institute of Mining, Metallurgy and Petroleum’s (CIM) standards. According to these standards, resource model blocks classified as indicated are reported as probable reserves if they have a grade above the economic cut-off. The above reporting standards do not allow an inferred resource to be included in reserve estimates, so the inferred resource has not been included in the LOM schedule presented in this item. There are no known mining, metallurgical, infrastructure, permitting, and other relevant factors that could materially affect the mineral reserve estimate as of December 31, 2011. There are no known mining, metallurgical, infrastructure, permitting and other relevant factors that could materially affect the mineral reserve estimate as of December 31, 2011.
15.1 Open pit optimization Open pit optimization was conducted on the three open pits planned at Meadowbank to determine the optimal economic shapes of the pits in three dimensions. This task was undertaken using Whittle software, which is based on the Lerchs-Grossmann algorithm. The method works on a block model of the deposit, and progressively constructs lists of related blocks that should, or should not, be mined. The method uses the values of the blocks to define a pit outline that has the highest possible total economic value, subject to the required pit slopes defined as structure arcs in the software. G Mining Inc. of Montreal was responsible for the optimization. This section describes all the parameters used to calculate the block values in Whittle. 15.1.1 Geotechnical assessment The geotechnical parameters for Portage, Goose and Vault are presented in Figure 15.1, Figure 15.2 and Figure 15.3, respectively. The pit slopes vary by sector as illustrated in these figures, with inter-ramp angles typically at 50 degrees. The geotechnical studies were performed by Golder Associates (Golder, 2007).
111 Meadowbank Mine Technical Report, February 15, 2012
Portage Pit Slope Parameters West Sector East Sector SE Sector Bench height (m) 3x7 3x7 3x7 Bench face angle (deg) 80 70 80 Catch bench width (m) 14 10 10 Inter-ramp angle (deg) 49.9 50 56.9 Whittle overall angle (deg) 46 46 56.9
Figure 15.1 – Portage pit slope parameters
112 Meadowbank Mine Technical Report, February 15, 2012
Goose Pit Slope Parameters NW Sector East Sector SW Sector Bench height (m) 3x7 3x7 3x7 Bench face angle (deg) 80 65 80 Catch bench width (m) 14 10 14 Inter-ramp angle (deg) 49 45 49 Whittle overall angle (deg) 39 45 49
Figure 15.2 – Goose pit slope parameters
113 Meadowbank Mine Technical Report, February 15, 2012
Vault Pit Slope Parameters 1 2 3 4 5 6 7 Bench height (m) 21 21 21 21 21 21 21 Bench face angle (deg) 70 65 70 65 55 70 65 Catch bench width (m) 10 10 10 10 10 8 10 Inter-ramp angle (deg) 50 47 50 47 40 53 47 Whittle overall angle (deg) 50 47 50 47 40 53 47
Figure 15.3 – Vault pit slope parameters
15.1.2 Summary of optimization parameters The parameters used for pit optimization and those to establish reserve cut-off grades are slightly different. Those utilized for optimization are presented in Table 15.1, while those utilized for reserve cut-off grade determination are presented in Table 15.2. The pit design optimization is a long process that needed to be started before year-end 2011 when the official annual gold price and exchange rate were fixed at $1,109/oz with a C$/US$ exchange rate of 0.98. The cut-off grades determined by both systems were similar to each other. The price for gold utilized to establish the reserve cut-off grades is US$1,255/oz (with a C$/US$ exchange rate of 1.05). The mineral reserves were therefore chosen from indicated (and measured) resource blocks that are located inside the previously designed open pit shell (that used more conservative metal price and foreign exchange assumptions). In the author’s opinion, this is valid, consistent with industry practice and acceptable.
114 Meadowbank Mine Technical Report, February 15, 2012 Metallurgical recoveries are applied according to the different deposits. The metallurgical gold recovery for Portage and Goose deposits is 94.0%, and 91.0% for Vault deposit (see Item 17). The total ore-based cost includes processing costs, general and services costs, rehabilitation, definition drilling and other cost provisions. In the case of Vault, there is an additional incremental haulage cost to bring ore to the plant.
Table 15.1 – Economic parameters used for pit optimization
Gold price US$1,109/oz Exchange rate US$1.00 = C$0.98 Metallurgical recovery 94.0% for Portage and Goose; 91.0% for Vault Mining dilution 0% Mining recovery 100% Processing cost C$25.06/tonne Gen & Admin C$25.82/tonne Additional haulage cost (for Vault only) C$0.79/tonne Definition drilling costs C$0.66/tonne Other costs Not included Total ore-based costs C$51.54/tonne for Goose and Portage; C$52.33/tonne for Vault Mining costs C$4.29/tonne Incremental bench costs Not included, factored into avg. mining cost Goose and Portage: 1.57 g/t gold; Economic cut-off grade Vault: 1.65 g/t gold Portage: variable (see Fig. 15.1) Whittle overall slope angle Goose : variable (see Fig. 15.2) Vault: variable (see Fig. 15.3)
Table 15.2 – Economic parameters used for reserve calculation (ML: watch the format)
Gold price US$1,255/oz Exchange rate US$1.00 = C$1.05 Metallurgical recovery 94.0% for Portage and Goose; 91.0% for Vault Mining dilution 5% Mining recovery 95% Processing cost C$25.06/tonne Gen & Adm C$25.82/tonne Additional haulage cost (for Vault only) C$0.79/tonne Definition drilling costs C$0.66/tonne Other costs C$1.30/tonne Total ore-based costs C$52.84/tonne for Goose and Portage; C$53.63/tonne for Vault Mining costs C$4.95/tonne Incremental bench costs Not included, factored into avg. mining cost Economic and marginal cut-off grades Goose and Portage: 1.40 and 1.02 g/t; Vault: 1.47 and 1.02 g/t
15.2 Pit designs The pit shells produced with the Lerchs-Grossmann algorithm were used as a guideline for the pit designs. Mining takes place on 7-m-high benches with a final bench height of 21 m between catch benches, which vary between 8 m and 14 m wide depending on the sector. The geotechnical sectors and pit slope properties are summarized in for the three deposits at Meadowbank.
115 Meadowbank Mine Technical Report, February 15, 2012 Double-lane ramps are 28 m wide to accommodate 150-ton-class mining trucks (CAT 785), and single-lane ramps are only to 18.8 m wide. Ramp gradients are at 10%. The long, narrow Portage pit will have final dimensions of 2,237 m long by approximately 345 m wide and 134 m deep, as shown in Figure 15.4.
7800 Y
7600 Y
7400 Y
7200 Y
7000 Y
6800 Y
6600 Y
6400 Y
6200 Y
6000 Y
5800 Y
5600 Y
5400 Y 800 X 800 X 1000 X 1200 X 1400 X 1600 X 1800 X 2000 X 2200 X 2400 X 2600 Figure 15.4 – Portage final pit design The Goose pit will be small, measuring 617 m long by 324 m wide and 118 m deep, and will be located just south of the Portage pit. The final pit design is presented in Figure 15.5.
116 Meadowbank Mine Technical Report, February 15, 2012
5200 Y
5000 Y
4800 Y
4600 Y
4400 Y
1800 X 1800 X 2000 X 2200 X 2400 Figure 15.5 – Goose final pit design The Vault deposit will be mined with two separate pits, a larger one and smaller one to the south as shown in Figure 15.6. The larger Vault pit will measure 990 m long by 507 m wide and 127 m deep.
117 Meadowbank Mine Technical Report, February 15, 2012 5200 Y
5000 Y
4800 Y
4600 Y
4400 Y
4200 Y
4000 Y
3800 Y
2600 X 2600 X 2800 X 3000 X 3200 X 3400 X 3600 X 3800
Figure 15.6 – Vault final pit design
118 Meadowbank Mine Technical Report, February 15, 2012 15.3 Mineral reserves Based on the economic parameters described above (Table 15.2), the mineral reserves have been estimated within the optimized pit designs using a gold price of US$1,255/oz (as well as a C$/US$ exchange rate of 1.05) and a marginal economic cut-off grade of 1.02 g/t gold. Inside the reserve pits, the blocks classified as indicated and higher grade than the economic cut-off for reserves (1.02 g/t gold before dilution) are disclosed as the probable reserve. At Meadowbank, only probable reserves are disclosed within the pit designs. Proven reserves are limited to the stockpiled ore. The tonnes and grades reported in the Table 15.3 take into account a recovery factor of 95% applied on the ounces due to the impact of the dilution. The total proven and probable mineral reserves at Meadowbank mine as of December 31, 2011 are estimated at 24.5 million tonnes at 2.79 g/t gold containing 2.20 million ounces of gold. A breakdown of the reserves by category and deposit is given in Table 15.3.
Table 15.3 – Mineral reserves of the Meadowbank mine as of December 31, 2011
Proven reserves Probable reserves Proven + Probable reserves Location Tonnes Grade Gold Tonnes Grade Gold (000 Tonnes Grade Gold (000) (g/t gold) (000 oz) (000) (g/t gold) oz) (000) (g/t gold) (000 oz) Stockpiles 1,931 1.49 92.4 1,931 1.49 92.4 Portage 10,592 2.98 1,015.6 10,592 2.98 1,015.6 Goose 2,332 3.96 296.9 2,332 3.96 296.9 Vault 9,639 2.57 796.0 9,639 2.57 796.0 Total 1,931 1.49 92.4 22,563 2.91 2,108.5 24,494 2.79 2,200.9
15.3.1 Reserve reconciliation with previous year The waterfall diagram (Figure 15.7) shows the gains-losses in gold ounces contained in reserves due to new drilling data with new modeling, an increase in the gold price, and changes in economic parameters, stockpiles variation and mining production.
119 Meadowbank Mine Technical Report, February 15, 2012
Figure 15.7 – Waterfall diagram shows the mineral reserve changes from December 31, 2010 to December 31, 2011 Gold contained in the total reserves decreased by approximately 37% or close to 1.3 million ounces (net of depletion from block models) over the past year. From the 2010 block models, ore containing 391,000 ounces of gold was mined in 2011. Without taking into account the 2011 production, there was a loss of about 900,000 ounces. Most of this loss is attributable to the cost increases that had a much larger effect than the increase in gold price used in the two estimates (from US$1,024 to US$1,255 per ounce). As there was no optimization using the 2010 models with new economic parameters, or 2011 models with last year’s economic parameters, it is difficult to accurately estimate the contribution of the increase in gold price compared to the increase in the cost parameters. This is why the gold price and economic parameter elements are put together in Figure 15.7. These numbers must be taken only as an approximation. The best example to illustrate the impact of economic parameters is the Vault deposit where the geological model almost did not change but the reserves show a loss of more than 400,000 of contained gold ounces, mainly attributed to the changes in economic parameters. Changes in geological interpretations (a broader approach, especially for the Portage deposit) and block model parameters also negatively impacted the reserves.
120 Meadowbank Mine Technical Report, February 15, 2012 Item 16. Mining Operations Mining at Meadowbank is by conventional open pit truck and shovel methods. The operation has been designed to feed ore to a 10,100 tonne/day processing plant (3.7 million tonnes of ore per year). The primary mining fleet consists of three 15-m3-capacity hydraulic front shovels, two 10- m3-capacity wheel loaders, one 6-m3-capacity hydraulic front shovel, one 4.58-m3-capacity hydraulic backhoe shovel, a mixed fleet of eleven 150-tonne-capacity trucks and eight 100tonne- capacity trucks and seven blasthole drills. Support equipment includes bulldozers, graders, loaders and excavators to maintain the surfaces of the road, dumps and operating benches and the water collection system at the pit rim and in pit. Mill feed is hauled to a gyratory crusher at the south side of the Portage pit. The annual mine production and mill feed forecast for the project is summarized in Table 16.1, taken from the Life of Mine (LOM) plan for the Meadowbank project that was completed on January 27, 2012.
Table 16.1 – Meadowbank’s LOM plan for annual mined and milled tonnages and grades as of January 27, 2012
Year Tonnage Mined Tonnage Milled Gold Head Grade (g/t gold) (000's) (000's) 2012 32,519,749 3,592,260 3.43 2013 31,924,518 3,685,780 3.22 2014 32,841,243 3,705,478 3.18 2015 25,120,015 3,725,190 3.36 2016 12,181,180 3,755,160 3.38 2017 318,669 481,254 2.69 Total 134,905,374 18,945,122
16.1 WHITTLE optimization The November 2011, the mineral reserve model described Item 15 was used as the basis for the current (January 9, 2012) WHITTLE open pit optimization analysis to determine optimum economic pit limits. The results of the WHITTLE optimization work have been used as a guide in the development of new detailed designs for the Portage, Goose and Vault pits. The main WHITTLE input parameters are summarized in Table 16.2.
121 Meadowbank Mine Technical Report, February 15, 2012 Table 16.2 – WHITTLE optimization input parameters
Base Case Parameters Portage Goose Vault Dec-11 Dec-11 Dec-11 Gold price (US$/oz) 1,109 1,109 1,109 Exch .rate (C$/US$) 0.98 0.98 0.98 Metallurgical recovery 94% 94% 91% Mining dilution - - - Mining loss - - - Total processing cost (C$/tonne milled) 25.06 25.06 25.06 Ore premium (C$/tonne milled) - - 0.79 General & Admin (C$/tonne milled) 25.82 25.82 25.82 Definition drilling (C$/tonne milled) 0.66 0.66 0.66 Total ore based cost (C$/tonne milled) 51.54 51.54 52.33 Avg. In-situ COG (g/t gold) 1.57 1.57 1.65 Avg .mining cost (C$/tonne mined) 4.29 4.29 4.29 - SANA Fleet (+33Mtonnes) 5.84 5.84 5.84 Stockpile re-handle cost (C$/tonne mined) 1.49 1.49 1.49
The metal prices and foreign exchange rates used by Agnico-Eagle are the historic three-year average gold and foreign exchange rate (in accordance with the SEC Industry Guide 7). For the period ending December 31, 2011 the historic three-year average gold price was $1,255/oz and C$/US$ of 1.05; these figures were used in the calculation of economic cut-off grades and in the economic evaluations for the December 31, 2011 mineral reserves and resources. The rock and overburden mining costs are based on internal costs evaluations. The ore mining costs of Vault are evaluated at $0.79/tonne above base case because of the longer haulage distance between the pit and the crusher. Cut-off grades for the three pit areas have been based on the calculated economical break-even grade of 1.40 g/t gold for the Portage and Goose pits, and 1.47 g/t gold for the Vault pit.
16.2 Pit slope parameters Golder and Associates completed a pit slope design criteria report for the Portage and Goose deposits (Golder, 2007). The design criteria were based on a kinematic analysis of the main structural features in the deposit area. The main structural controls are the foliation and stratigraphic contacts, which dip variably to the west at angles of up to 70 degrees, and systematic jointing. The foliation and stratigraphic contacts are considered to be persistent, while the jointing is considered to be non-persistent. The foliation and stratigraphic contacts may control multiple bench stability and potentially overall slope stability, whereas the non-persistent minor joint sets are more likely to result in local bench-scale failures. It is common for mining projects to apply a factor of safety of 1.2 to 1.3 in the assessment of pit slopes. In the case of the Meadowbank mine, and specifically the Portage and Goose deposits, the design must consider the risks associated with the presence of the de-watering dike structures
122 Meadowbank Mine Technical Report, February 15, 2012 directly above the pits and a higher factor of safety is appropriate. A factor of safety of 1.3 has been adopted for the assessment of the overall pit slopes while the minimum factor of safety against failures that may intersect the dikes have been set as 1.5 (consistent with guidelines for the dams according to Canadian Dam Association, 1999). Table 16.3 summarizes the minimum factors of safety for the assessment of pit slopes.
Table 16.3 – Minimum safety factors used for slope stability at Meadowbank
Location or Scale Minimum Factor of Safety Bench Scale Kinematic Assessment 1.2 Overall Pit Slope 1.3 Dike Toe 1.5 Pseudo-static 1.1
Figure 15.1 shows the location of the average structural sectors for the Portage pit. Some pit limits are dictated by the location of the dikes; the crest of the pit must respect a certain setback distance for safety reasons. There are two dike limit constraints to evaluate at the Portage pit due to uncertainty surrounding the ‘no mining’ limit. Figure 15.2 shows the average structural sectors for the Goose pit, where there are no mining limits to evaluate, but where the ramp system will be kept on the northwest wall Figure 15.3 shows the average structural sectors for the Vault pit, where three is triple bench mining; the overall slope of sector 6 is driven by the shallow dip of the mineralization, not the geotechnical parameters. Additional limit equilibrium analyses and distinct element analyses have been carried out to assess the overall stability of the pit slopes as these relate to the stability of the toe region of the dewatering dikes and tailing dikes. The results of the analyses indicate that, under conservative assumptions of continuous rock structure, uninterrupted by intact rock bridges, the required factors of safety for failures within the pit slope and for those intersecting the dike toe at the current minimum design setback distance of 80 m (70 m for the southeast wall of the Goose pit) are achieved for all slopes with the exception of the Goose southeast slope, the Goose west slope, and the Portage southeast slope. Agnico-Eagle completed its own stability analysis, using the Golder (2007) structural data. The slope angle determined by Agnico-Eagle was steeper than the one of Golder, but the safety factors were the same for the majority of the sectors. Table 16.4, Table 16.5, Table 16.6 and Table 16.7 compare the two studies.
123 Meadowbank Mine Technical Report, February 15, 2012 Table 16.4 – Comparison of the possible planar failures between the Agnico-Eagle and Golder (2007) studies with Rocplane for Goose
Doma Sect Frequen Interam Interam in or Joint Dip/ Wall cy Slope Berm S.F. Cohesion p S.F. Cohesion Wall Slope Berm S.F. Cohesion p S.F. Cohesion
Dip for S.F.≥ for S.F.≥ for S.F.≥ for S.F.≥ direction Height of the angle widht 1.3 angle 1.3 Height angle width 1.3 angle 1.3
(meter (degree (meter (degree (meter (degree (meter (degree s) joint s) s) (t/m2) s) (t/m2) s) s) s) (t/m2) s) (t/m2\)
No 6 Foliation 43/297 20 10% 60 10 0,81 3.5 42 failure 24 55 8 0,81 3 44 0.81 2.5
No No 7 Foliation and bedding 48/249 20 25% 60 10 0,68 3.5 42 failure 24 55 8 0,68 2.5 44 failure
No No Foliation and bedding 48/249 20 25% 60 10 0,68 3.5 42 failure 24 55 8 0,68 2.5 44 failure
No No No No 1 8 CJ1 60/208 20 12% 60 10 failure 42 failure 24 55 8 failure 44 failure
No No No No Foliation 73/276 20 16% 70 10 failure 50 failure 24 65 8 failure 51 failure
No No 6 CJ4 59/337 20 20% 70 10 0,54 4 50 failure 24 65 8 0,54 2.5 51 failure
No No No No 7 Foliation 73/276 20 16% 70 10 failure 50 failure 24 65 8 failure 51 failure
No No 2 8 CJ1 60/221 20 19% 70 10 0,52 3.5 51 failure 24 65 8 0,52 2.5 51 failure
Foliation and bedding (for No No No No UM) 71/097 20 5% 70 10 failure 50 failure 24 60 10 failure 45 failure
Foliation and bedding (for No No No No 2 IV/IF) 71/097 20 5% 70 10 failure 50 failure 24 65 10 failure 49 failure
Foliation and bedding (for No No No No UM) 71/097 20 5% 70 10 failure 50 failure 24 60 10 failure 45 failure
Foliation and bedding (for No No No No 3 IV/IF) 71/097 20 5% 70 10 failure 50 failure 24 65 10 failure 49 failure
No No 6 Foliation 51/288 20 24% 60 10 0,61 3 42 failure 24 55 8 0,61 2 44 failure
No No Foliation 51/288 20 24% 60 10 0,61 3 42 failure 24 55 8 0,61 2 44 failure
No No No No 3 7 Bedding 73/269 20 8% 60 10 failure 42 failure 24 55 8 failure 44 failure
No No 2 Ortho 68/096 20 11% 80 14 0,36 5.5 55 failure 24 70 8 0,36 1.5 55 failure
No No 3 Ortho 68/096 20 11% 80 14 0,36 5.5 55 failure 24 70 8 0,36 1.5 55 failure
No No No CX1 (for UM) 60/031 20 6.50% 80 14 0,52 6.5 55 failure 24 60 10 failure failure
No No 4 4 CX1 (for IV/IF) 60/031 20 6.50% 80 14 0,52 6.5 55 failure 24 65 8 0,52 2.5 51 failure
124 Meadowbank Mine Technical Report, February 15, 2012 Table 16.5 – Comparison of the possible wedge failures between the Agnico-Eagle and Golder (2007) studies with Swedge for Goose
Dom Sect Intersectio Ben Ber S. Intera Ben Ber Intera ain or Joint 1 Dip/ Joint 2 Dip/ n line Slope ch m F. Cohesion mp Interamp S.F. Cohesion Slope ch m S.F. Cohesion mp Interamp S.F. Cohesion Dip Dip heig Wid for S.F. ≥ slope for S.F. ≥ heig wid for S.F. ≥ slope for S.F. ≥ direction direction angle ht th 1.3 slope height 1.3 angle ht ht 1.3 Slope height 1.3 (trend/ (degre (degre (degre (degre plunge) es) (m) (m) (t/m2) es) (m) (t/m2) es) (m) (m) (t/m2) es) (m) (t/m2) 1,0 1 6 Foliation 43/297 CX1 44/357 325/39 60 20 10 7 1 42 174 1,07 1 55 24 8 1,07 1 44 174 1,07 1 Foliation and 0,8 No No Foliation 43/297 bedding 48/249 284/42 60 20 10 1 2 42 174 Wedge 55 24 8 0,81 1.5 44 174 Wedge Foliation and 0,8 No No 7 Foliation 43/297 bedding 48/249 284/42 60 20 10 6 2 42 174 Wedge 55 24 8 0,81 1.5 44 174 Wedge 1,6 No No CJ1 60/208 CJ4 78/339 262/46 60 20 10 2 0 42 174 Wedge 55 24 8 1,62 0 44 174 Wedge Foliation and 0,9 No No CJ1 60/208 bedding 48/249 259/48 60 20 10 9 1 42 174 Wedge 55 24 8 0,99 1 44 174 Wedge Foliation and 0,6 No No 8 bedding 48/249 CJ1 60/208 259/48 60 20 10 8 3 42 174 Wedge 55 24 8 0,68 0.5 44 174 Wedge 1,6 No No CJ1 60/208 CJ4 78/339 262/46 60 20 10 2 0 42 174 Wedge 55 24 8 1,62 0 44 174 Wedge Foliation (for 0,5 No No No UM) 73/276 CJ4 59/337 335/59 80 20 10 4 3 61 84 Wedge 60 24 10 Wedge 0 45 84 Wedge Foliation (for 0,5 No No 5 IV/IF) 73/276 CJ4 59/337 335/59 80 20 10 4 3 61 84 Wedge 65 24 8 0,54 0.5 51 84 Wedge 0,5 No No 6 Foliation 73/276 CJ4 59/337 335/59 70 20 10 5 2 50 174 Wedge 65 24 8 0,55 1 51 174 Wedge 1,4 CJ1 60/221 CJ4 59/337 280/42 70 20 10 7 0 50 174 1,47 0 65 24 8 1,47 0 51 174 1,47 0 1,4 7 CJ1 60/221 CJ4 59/337 280/42 70 20 10 7 0 50 174 1,47 0 65 24 8 1,47 0 51 174 1,47 0 0,5 No No 8 Foliation 73/276 CJ1 60/221 218/60 70 20 10 7 0.5 51 120 Wedge 65 24 8 0,57 0.5 51 120 Wedge Foliation (for 0,5 No No No UM) 73/276 CJ1 60/221 218/60 80 20 10 7 2 59 114 Wedge 60 24 10 Wedge 0 45 114 Wedge Foliation (for 0,5 No No 2 9 IV/IF) 73/276 CJ1 60/221 218/60 80 20 10 7 2 59 114 Wedge 65 24 8 0,57 0.5 51 114 Wedge No No 4 3 Ortho 68/096 CX1 60/031 048/59 80 20 14 0,6 2 55 72 Wedge 70 24 8 0,6 2 55 72 Wedge 1,1 CX1 60/031 CJ3 83/151 070/53 80 20 14 1 1 55 72 1,11 0.5 70 24 8 1,11 1 55 72 1,11 0.5 No No 4 Ortho (for UM) 68/096 CX1 60/031 048/59 80 20 14 0,6 2 55 84 Wedge 60 24 14 0,6 0.5 45 84 Wedge No No Ortho (for IV/IF) 68/096 CX1 60/031 048/59 80 20 14 0,6 2 55 84 Wedge 65 24 14 0,6 1.5 51 84 Wedge 1,1 No No CX1 (for UM) 60/031 CJ3 83/151 070/53 80 20 14 1 0.5 55 84 Wedge 60 24 10 1,11 0.5 45 84 Wedge 1,1 No No CX1 (for IV/IF) 60/031 CJ3 83/151 070/53 80 20 14 1 0.5 55 84 Wedge 65 24 8 1,11 0.5 51 84 Wedge 0,5 No No No Ortho (for UM) 68/096 CJ3 83/151 078/67 80 20 14 8 1 55 84 Wedge 60 24 10 Wedge 0 45 84 Wedge 0,5 No No No Ortho (for IV/IF) 68/096 CJ3 83/151 078/67 80 20 14 8 1 55 84 Wedge 65 24 8 Wedge 0 51 84 Wedge
125 Meadowbank Mine Technical Report, February 15, 2012 Table 16.6 – Comparison of the possible planar failures between the Agnico-Eagle and Golder (2007) studies with Rocplane for Portage
Domain Sector Joint Dip/ Wall Frequency Slope Berm S.F. Cohesion Interamp S.F. Cohesion Wall Slope Berm S.F. Cohesion Interamp S.F. Cohesion
Dip direction Height of the angle widht for S.F.≥ 1.3 angle for S.F.≥ 1.3 Height angle widht for S.F.≥ 1.3 angle for S.F.≥ 1.3
(meters) joint (degrees) (meters) (t/m2) (degrees) (t/m2) (meters) (degrees) (meters) (t/m2) (degrees) (t/m2)
Ortho 1 73/280 20 7% 70 10 No failure 50 No failure 24 70 8 No failure 55 No failure
6 Bay Fault 70/270 20 ND 70 10 No failure 50 No failure 24 70 8 No failure 55 No failure
Ortho 2 (for UM) 77/096 20 4% 75 12 No failure 53 No failure 24 70 10 No failure 52 No failure
12 Ortho 2 (for IV/IF) 77/096 20 4% 75 12 No failure 53 No failure 24 70 8 No failure 55 No failure
Ortho 2 (for UM) 77/096 20 4% 75 12 No failure 53 No failure 24 70 10 No failure 52 No failure
TP1 13 Ortho 2 (for IV/IF) 77/096 20 4% 75 12 No failure 53 No failure 24 70 8 No failure 55 No failure
Bay Fault 70/270 20 ND 70 10 No failure 50 No failure 24 70 8 No failure 55 No failure
TP2 5 Foliation 1 63/265 20 12% 70 10 0,38 3 50 No failure 24 70 8 0,38 4 55 No failure
Bay Fault (for UM) 70/270 20 ND 70 10 No failure 50 No failure 24 65 10 No failure 49 No failure
Bay Fault (for IV/IF) 70/270 20 ND 70 10 No failure 50 No failure 24 70 8 No failure 55 No failure
CJ1 (for UM) 78/240 20 3% 70 10 No failure 50 No failure 24 65 10 No failure 49 No failure
CJ1 (for IV/IF) 78/240 20 3% 70 10 No failure 50 No failure 24 70 8 No failure 55 No failure
Foliation 1 (for UM) 74/267 20 13% 70 10 No failure 50 No failure 24 65 10 No failure 49 No failure
5 Foliation 1 (for IV/IF) 74/267 20 13% 70 10 No failure 50 No failure 24 70 8 No failure 55 No failure
Foliation 1 74/267 20 13% 70 10 No failure 50 No failure 24 70 8 No failure 55 No failure
TP3 est 4 Bay Fault 70/270 20 ND 70 10 No failure 50 No failure 24 70 8 No failure 55 No failure
CX2 (for UM) 86/348 20 6.00% 85 14 No failure 55 No failure 24 65 10 No failure 49 No failure
TP4 3 CX2 (for IV/IF)) 86/348 20 6.00% 85 14 No failure 55 No failure 24 70 10 No failure 49 No failure
6 Bay Fault 70/280 20 ND 70 10 No failure 50 No failure 24 70 10 No failure 52 No failure
11 Ortho 74/093 20 3.50% 75 12 No failure 53 No failure 24 70 10 No failure 52 No failure
10 Ortho 74/093 20 3.50% 75 12 No failure 53 No failure 24 70 10 No failure 52 No failure
7 Second Portage Fault 70/235 20 ND 70 10 No failure 50 No failure 24 70 10 No failure 52 No failure
NP2 8 Second Portage Fault 70/235 20 ND 70 10 No failure 50 No failure 24 70 10 No failure 52 No failure
126 Meadowbank Mine Technical Report, February 15, 2012 Table 16.7 – Comparison of the possible wedge failures between the Agnico-Eagle and Golder (2007) studies with Swedge for Portage
Sect Intersection Benc Ber Interam Benc Ber Interam or Joint 1 Dip/ Joint 2 Dip/ line Slope h m S.F. Cohesion p S.F. Cohesion Slope h m S.F. Cohesion p S.F. Cohesion Dip dip heig widt for S.F. ≥ for S.F. ≥ heig widt for S.F. ≥ for S.F. ≥ direction direction angle ht h 1.3 slope 1.3 angle ht h 1.3 slope 1.3 (trend/ (degree (degree (degree (degree plunge) s) (m) (m) (t/m2) s) (t/m2) s) (m) (m) (t/m2) s) (t/m2) No No Ortho 1 73/280 Bay Fault 70/270 230/65 70 20 10 2,5 0 50 wedge 70 24 8 2,5 0 55 wedge Second Portage No No Bay Fault 70/270 Fault 70/235 253/69 70 20 10 0,2 1 50 wedge 70 24 8 0,2 1 55 wedge Second Portage No No No No TP1 6 Ortho 1 73/280 Fault 70/235 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge TP3 Bay Fault (for No No No No East UM) 70/270 CJ1 78/240 None 70 20 10 wedge 50 wedge 65 24 10 wedge 49 wedge Bay Fault (for No No No No IV/IF) 70/270 CJ1 78/240 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge Foliation 1 (for No No No No UM) 74/267 CJ1 78/240 None 70 20 10 wedge 50 wedge 65 24 10 wedge 49 wedge Foliation 1 (for No No No No IV/IF) 74/267 CJ1 78/240 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge No No No No CJ1 (for UM) 78/240 CX3 86/349 None 70 20 10 wedge 50 wedge 65 24 10 wedge 49 wedge No No No No CJ1 (for IV/IF) 78/240 CX3 86/349 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge Bay Fault (for No No No No UM) 70/270 CX3 86/349 None 70 20 10 wedge 50 wedge 65 24 10 wedge 49 wedge Bay Fault (for No No No No IV/IF) 70/270 CX3 86/349 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge Foliation 1 (for No No No No UM) 74/267 CX3 86/349 None 70 20 10 wedge 50 wedge 65 24 10 wedge 49 wedge Foliation 1 (for No No No No 5 IV/IF) 74/267 CX3 86/349 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge No No Bay Fault 70/270 CJ1 78/240 299/67 70 20 10 0,69 1 50 wedge 70 24 8 0,69 1 55 wedge No No No No Foliation 1 74/267 CJ1 78/240 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge No No No No CJ1 78/240 CX3 86/349 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge No No No No Bay Fault 70/270 CX3 86/349 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge No No No No 4 Foliation 1 74/267 CX3 86/349 None 70 20 10 wedge 50 wedge 70 24 8 wedge 55 wedge Foliation 1 (for No No No 3 UM) 74/267 CJ1 78/240 285/73 80 20 10 0,54 0.5 59 wedge 65 24 10 wedge 49 wedge Foliation 1 (for No No No IV/IF) 74/267 CJ1 78/240 285/73 80 20 10 0,54 0.5 59 wedge 65 24 8 wedge 51 wedge Bay Fault (for No No No UM) 70/270 CJ1 78/240 299/67 80 20 10 0,69 1 59 wedge 65 24 10 wedge 49 wedge Bay Fault (for No No No IV/IF) 70/270 CJ1 78/240 299/67 80 20 10 0,69 1 59 wedge 65 24 8 wedge 51 wedge Second Portage No No NP2 6 Bay Fault 70/280 Fault 70/235 258/69 70 20 10 0,21 1 50 wedge 70 24 10 0,21 1 52 wedge Second Portage No No CX1 62/339 Fault 70/235 295/54 70 20 10 0,76 1,5 50 wedge 70 24 10 0,76 2 52 wedge Second Portage No No 7 Ortho 74/093 Fault 70/235 166/45 70 20 10 1,57 0 50 wedge 70 24 10 1,57 0 52 wedge Second Portage No No 8 Bay Fault 70/280 Fault 70/235 258/69 70 20 10 0,21 1 50 wedge 70 24 10 0,21 1 52 wedge Second Portage 9 Ortho 74/093 Fault 70/235 166/45 90 20 10 1,57 0 67 1,57 0 70 24 10 1,57 0 52 1,57 0
127 Meadowbank Mine Technical Report, February 15, 2012
16.3 Wall stability safety measures To ensure the stability of the walls, Agnico-Eagle has a wall control program. As part of the program, one safety berm inspection is carried out each year. After this inspection, a series of recommendations are given to the mine group in order to take corrective actions such as scaling, and small blasts. Every two weeks, a team consisting of an engineer, a mine supervisor and safety personnel inspect the new rock faces in order to provide recommendations. A follow-up report is produced and updated every two weeks. In the beginning of the operation was very important to do a mapping program. This program was necessary to verify the diamond drill-hole data. A prism system will be established around the pit to inform the company about how the rock mass is reacting with time, which will allow it to follow local problems. Agnico-Eagle use pre-shear blastholes (21 m deep) along the final walls to optimize the wall control. These holes are drilled at different angles in accordance with the optimal slope angles. All the wall pre-shear holes are drilled at a diameter of 114 mm.
16.4 Pit designs The ultimate pit designs have been prepared with the objective of achieving the physical pit limits corresponding to the WHITTLE optimum pit shell in each case, using a gold price of US$1,109/oz. Once completed, these designs have been used as the basis for estimating the mineral reserves for the Portage, Goose and Vault pits. The Portage ultimate pit design is shown in Figure 15.4. The dual lane ramps are 28 m wide and slope between 10% and 12%. The single lane ramps are 18 m wide. The safety berms are 14 m wide for the west and south walls, and 10 m wide for the east and north walls. The east wall is pre-split with inclined smaller diameter drill holes at –70° and the other walls are inclined pre- split 114-mm holes at -80o. The pre-split holes are drilled and triple benched at 7 m at a time. The Goose ultimate pit design is shown in Figure 15.5. The dual lane ramps are 28 m wide and slope between 10% and 12%. The single lane ramps are 18 m wide. The safety berms and the slope angles are different for each sector. The minimum berm width will be 10 m (see Figure 15.2). A pre-shearing blast method will be carried out. The pre-split holes are drilled and blasted with a triple bench of 7 m at a time. The southeast wall will be limited by a 70-m setback from the Bay Goose dike.
16.5 Surface Mining The Meadowbank deposits will be mined from three individual pits. The Portage starter phase was centred on a higher-grade section in the middle of the deposit up to the ultimate depth of the pit design. The second phase is being mined to the south of the pit and the third phase will be mined to the north. Mined out sectors of the pit will be backfilled with waste rock from other
Meadowbank Mine Technical Report, February 15, 2012 128
active areas. This will be done to minimize visual impact to the environment and minimize hauling distance. Resources from the Goose deposit have been incorporated into one separate single-phase open pit design. The Vault starter phase is centred in the lower stripping ore. A second phase will be done to the reach the final wall. The open pit mine designs have utilized extensive geotechnical engineering studies by Golder and Agnico-Eagle to develop pit wall slope parameters. The designs incorporate appropriate pit access ramps, wall slope angles, catchment berms and minimum mining widths for selected equipment using a long-term US$1,109/oz gold price at a C40.98/$US1.00 exchange rate. The average strip ratio for open pit mining is 6.2 over the life of the mine. The proven and probable open pit reserve estimate for the three pits on the project is shown in Table 16.8. Cutoff grades for the three pit areas are based on the calculated economical break- even grade of 1.4 g/t gold for the Portage and Goose pits, and 1.47 g/t gold for the Vault pit.
Table 16.8 – Meadowbank mine’s proven plus probable reserve as of December 31, 2011
Pit Tonnes (000s) Au (g/t) Ounces (000s) Portage 12,523 2.75 1,108 Goose 2,332 3.96 297 Vault 9,639 2.57 796 LOM Proven and Probable Mineral Reserve 24,494 2.79 2,201
Note: This table includes the marginal ore.
16.5.1 Pre-production mine development Pre-production mine development was completed over a two-year period, prior to mill start-up. During this period, approximately 7,326,000 tonnes of material was removed and 600,000 t of ore was stockpiled by the crusher for plant feed during 2010. Of the total amount of waste, nearly 50% was used for pre-production construction. Initial pre-stripping started on the top of the Portage pit at the 150 m elevation. Waste material was initially hauled to build the planned on-site airstrip. When the construction of the East Dike was completed, dewatering of the Second Portage Arm proceeded. When the dewatering of Second Portage Arm was achieved, the construction of the Stormwater Dike, SD1 and SD2 was done for the tailings storage facility. The construction of the Central Dike will start in 2012 for the tailings storage facility (south cell). Additional waste will be used for further construction work on site. 16.5.2 Mining equipment The mine production forecast and general logistical considerations were determined the fleet selection. An emphasis was placed on equipment with the ability to selectively mine the ore, flexibility to react quickly to changing conditions during mining operations, and the ability to work around narrow mining headings.
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Pre-production mining had one main priority: the development of sufficient waste to complete the site construction. The pioneering work was done using an owner-operated fleet. The required equipment fleet for the mine production period, from 2008 to 2012, is listed in Table 16.9.
Table 16.9 – Production equipment fleet requirements
2012 2013 2014 2015 2016 2017 165-mm (6.5'') blasthole drill 7 7 7 7 3.5 1 114-165-mm blasthole drill 3 3 3 1 1 1 15-m3 hydraulic front shovel 3 3 3 3 1 0 10-m3 wheel loader 2 2 2 1 1 0 6-m3 backhoe 1 1 1 1 0 0 5.5-m3 hydraulic front shovel 1 0 0 0 0 0 4.58-m3 backhoe 1 1 1 1 1 1 100-t haulage truck 10 10 8 5 2 1 150-t haulage truck 11 11 11 8 6 1 Water truck 1 1 1 1 1 1 306-kW track dozer 3 3 3 2 2 1 221-kW motor grader 2 2 2 2 2 2 2-m2 backhoe 1 1 1 1 1 1 Jumbo 0 1 1 1 1 0
16.5.3 General operating parameters To determine the number of equipment units required for each major fleet, productivities were calculated based on estimated annual operating hours and mechanical availability. These have been adjusted based on operating experience at the site.
16.5.3.1 Drilling The primary blasthole drills are diesel-powered rigs capable of drilling 165-mm-diameter holes. Up to seven 165-mm drills will be used for blasthole drilling. This drill size fits with the selected bench height of 7 m. Up to three 114-165-mm drill rigs will be used for drilling in the 7-m benches. These drills are capable of drilling angle holes and will be used for wall control drilling as well. In order to maximize the ore recovery and minimize dilution, it is anticipated to drill 7-m benches and mine those in two lifts of 3.5 m when the dip of the ore requires this measure. In the waste areas the mining will occur on full benches. A pre-shear and buffer blast followed by mechanical clean-up is to be utilized against the final wall. Production drilling was based on the production forecast, estimated drill factors and calculated productivities, as well as operating experience since start-up.
16.5.3.2 Blasting Blasting costs have been based on an electronic detonating system of a single booster primed in primarily wet holes. 100% of the explosives will consist of emulsion. An average powder factor of 0.33 kg/t was used to calculate the explosives consumption. The explosives supplier is responsible for delivering the emulsion. The mine workforce is responsible for drilling the blastholes at the right depth, placing the detonators and boosters, and tying in the pattern.
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The supplier provides the emulsion components FOB Montreal where it is loaded onto barges and transported to Baker Lake for transshipment to the Meadowbank site where it is stored. The emulsion is manufactured in the emulsion plant at the mine site asrequired.
16.5.3.3 Loading The 15-m3-capacity hydraulic front shovels and the 10-m3-capacity loaders are the main loading units for the waste stripping. The smaller backhoe is also required for the mine life, and will be mainly used for defining the ore zones along the hanging wall side and clean-up of the ore from the foot wall. Loading productivities were based on the parameters listed in Table 16.10. These parameters were applied to the average specific gravities resulting from the mine production forecast to calculate overall productivities.
Table 16.10 – Loading parameters
15-m3 hydraulic 10-m3 wheel 6-m3 5.5-m3 hydraulic front 4.58-m3 Bucket size (m3) front shovel15 loader10 backhoe6 shovel5.5 backhoe4.58 Bucket fill factor (%) 82 82 82 82 82 Average cycle time (min) 0.58 0.75 0.67 0.58 0.58 Truck spot time (min) 0.5 0.5 0.5 0.5 0.5 Truck availability to shovel (%) 80 80 80 80 80 Operating efficiencies (%) 92 92 92 92 92 Swell factor (%) 35 35 35 35 35 Moisture (%) 2 2 2 2 2
16.5.3.4 Haul trucks There is a mixed fleet of haul trucks including 100-tonne-capacity trucks and 150-tonne-capacity trucks for all production. These sizes were selected to match the loading unit and achieve production targets at minimum unit operating costs under design conditions. The Agnico-Eagle fleet started with four 100-tonne-capacity trucks in 2008 and will increase to a maximum of 21 trucks in 2012 and 2013; the extra hauling capacity is needed to reach the target. Some contractor trucks will be used to fill the gap. The number of trucks required is based on the forecast production quantities and haulage productivities. These productivities were calculated by determining the haulage profiles for each material type (ore and waste) from each bench in the three pits. The cycle times were then used to calculate theoretical productivities. These were modified by applying various efficiency factors to achieve effective productivities. It was assumed that the trucks would run on Arctic-grade diesel fuel, and no de-rating factor was applied to account for reduced engine performance due to fuel quality. Effective productivities in turn were applied against the production forecast to determine the number of trucks required for each production period.
16.5.3.5 Mine support equipment The following complement of road construction and maintenance equipment supports the mine operations:
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two 221-kW-class road graders to maintain mine site road; three 306-kW-class track dozers for dump maintenance, drill site preparation, road building, and bench repair; and one 2-m3-capacity excavator to assist in ore control, wall clean up, ditching and maintenance of the water control system.
16.5.3.6 Equipment purchase The purchase schedule for the production equipment is shown in Table 16.11.
Table 16.11 – Purchase schedule for the production equipment
2012 2013 2014 2015 2016 2017 165-mm (6.5'') blasthole drill 1 0 0 0 0 0 7-m3 backhoe 1 0 0 0 0 0 12-m3 wheel loader 1 0 0 0 0 0 100-t haulage truck 2 0 0 0 0 0 Jumbo 0 1 0 0 0 0
Note: The 14.5-m3 wheel loader is to replace the 6-m3 backhoe.
16.5.3.7 Fuel storage The estimated fuel consumption for the mine equipment fleet is shown in Table 16.12. The fuel storage area is described in Item 18.
Table 16.12 – Estimated mining equipment diesel fuel consumption
2012 2013 2014 2015 2016 2017 Fuel (litres) 19,188,598 19,506,102 18,895,335 14,274,730 9,939,109 4,935,519
16.6 Underground mining This technical report does not consider an underground operation at Meadowbank. In the future, a scoping study will be carried out in order to evaluate the feasibility of an underground operation.
16.7 Production Forecast The January 27, 2012 LOM plan envisions Meadowbank having three pits in operation: Portage, Goose and Vault. Excavation of the Portage pit started in the summer of 2008 in order to provide the material necessary for dike construction during the pre-production phase. The Portage pit is divided in three parts: Centre Portage, South Portage and North Portage. At the beginning of mine operations, Agnico-Eagle had to concentrate activities in North Portage and Centre Portage because the Bay-Goose Dike had not been built at that time; consequently,
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the company did not have the necessary access to South Portage and Goose. As soon as the water was removed from South Portage pit area, mining activities started there. The phase 2 of Portage will start in the third quarter of 2012. The Goose pit is expected to begin operation in April 2012. Goose and Portage will be mined at the same time. Figure 16.1 shows the planned mining sequence.
Figure 16.1 – Schematic mining sequence for the Portage, Goose and Vault pits at Meadowbank mine. (Three pits at different scales.)
The mine production forecast is prepared on an annual basis with the most recent one prepared on January 27, 2012. The annual production target is based on maintaining the plant throughput at design capacity. Basic mine production parameters are as follows: 365 operating days per year (with 15 unscheduled down days per year) Average of 10,120 tonnes/day of feed to the crusher Maintain production until each pit is exhausted Leveling the equipment requirements
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From the LOM plan of January 27, 2012, Table 16.13 shows the planned mining sequencing for the three pits.
Table 16.13 – Mine Production forecast
TOTAL ORE TO MILL FROM PITS & 2012 2013 2014 2015 2016 2017 STOCKPILE Total/Average Portage Ore Tonnes 3,268,074 2,887,974 686,140 665,163 745,423 8,252,773 Contained gold oz 352,362 312,229 79,759 82,975 109,441 936,766 Gold grade g/t 3.35 3.36 3.62 3.88 4.57 - 3.53 Recovery @ 94% 0.94 331,220 293,495 74,974 77,996 102,875 880,560 1.00 - Goose Ore Tonnes 262,952 345,199 493,428 880,355 - - 1,981,935 Contained gold oz 38,975 44,049 68,857 131,587 - - 283,468 Gold grade g/t 4.61 3.97 4.34 4.65 - 4.45 Recovery @ 94% 0.94 36,637 41,406 64,725 123,692 266,460 1.00 - Vault Ore 2,429,774 1,979,855 2,709,412 180,925 7,299,966 Contained gold oz 224,995 175,945 281,043 24,188 706,172 Gold grade g/t 2.88 2.76 3.23 4.16 3.01 Recovery @ 91% 0.91 204,746 160,110 255,749 22,011 642,616 1.00 - Tonnes from stockpiled ore Tonnes 61,234 452,607 96,136 199,817 300,325 300,329 1,410,448 Contained gold oz 4,331 25,756 5,471 11,371 17,091 17,400 81,419 Gold grade g/t 2.20 1.77 1.77 1.77 1.77 1.80 1.80 Recovery @ 94% 0.94 4,071 24,211 5,143 10,689 16,065 16,356 76,534 1.00 - Waste Tonnes 24,558,105 28,582,022 25,486,131 21,594,642 8,726,344 137,744 109,084,988 Overburden Tonnes 3,379,036 181 2,897,856 - - - 6,277,073 TOTAL TO MOVE FROM PITS AND STOCKPILE Tonnes 32,580,983 32,377,125 32,937,379 25,319,832 12,481,505 618,998 136,315,822
ORE PROCESSED TOTAL ORE Tonnes 3,592,260 3,685,780 3,705,478 3,725,190 3,755,160 481,254 18,945,122 PAYABLE OUNCES oz 353,331 359,112 349,587 372,487 374,689 38,367 1,847,574 Strip Ratio 8.1 7.8 7.9 5.8 2.3 0.3 6.2
Ounces before recovery oz 395,668 382,034 379,082 401,878 407,575 41,588 2,007,825 Gold grade before recovery g/t 3.43 3.22 3.18 3.36 3.38 2.69 3.30
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Item 17. Recovery Methods 17.1 Process and plant description The mineral processing method used at the Meadowbank mine was originally based on a conventional gold plant flowsheet consisting of primary and secondary crushing, grinding using a semi-autogenous mill - ball mill - pebble crusher (SABC), gravity concentration, cyanide leaching and gold recovery in a carbon-in-pulp (CIP) circuit. The mill was designed to operate 365 days/year with a design capacity of 2.7 million tonnes of ore per year (7,500 tonnes/day). When Agnico-Eagle took over Cumberland Resources and its Meadowbank project in the spring of 2007, the same information was used by Hatch Engineering to design the process plant raising the process tonnage to 8,500 tonnes/day (3.1 million tonnes/year). The overall gold recovery was expected to be about 93.13%, with about 30% recovered in the gravity circuit. Furthermore, based on an average gold head grade of 3.703 g/t, the average gold production was estimated to be approximately 343,000 ounces/year for a total of 3,258,893 gold ounces for the original Life of Mine (LOM) plan. The plant poured its first gold in early 2010 and achieved commercial production on March 1, 2010. The addition of a secondary crusher in early summer 2011 (shown in Figure 17.1) has increased the overall throughput capacity in the mill, from 3.1 million tonnes/year (8,500 tonnes/day) to 3.59 million tonnes/year (9,840 t/day). Since the installation of the permanent secondary crusher in June 2011, the design rate of 8,500 tonnes/day has been consistently exceeded.
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Figure 17.1 – The Meadowbank mill flowsheet including secondary crushing added in 2011 A gyratory crusher (3.94 m x 6.31 m – 370 KW) reduces the run-of-mine (ROM) ore to about 80% passing 110-175 mm. The primary crushing is expected to crush an average of 833 tonnes/hour to supply the secondary crusher, in order to satisfy the mill feed requirements of 385 tonnes/hour. The secondary crusher (XL900 671 KW) reduces the 110-175 mm ore from the gyratory to a product with about 80% passing 25-38 mm depending on the required mill feed rate. The secondary crusher rate is about 750-850 tonnes/hour at a design operating time of 75% per day. In order to optimize the operation of the secondary crusher, a vibrating screen was installed ahead of the crusher to scalp off the product sized ore prior to the crusher. The crushed ore is fed to a coarse ore stockpile with a live capacity of 8,500 tonnes and then reclaimed to a semi-autogenous (SAG) mill. The SAG mill (7.925 m diam. x 3.734 m long / 3,650 KW) operates together with a ball mill 5.486 m diam. x 8.839 m long / 4,474 KW) to reduce the ore to about 80% passing 60 µm to 85 µm, depending on the ore type and its hardness. The ball mill operates in closed circuit with cyclones. About 33% of the cyclone underflow reports to a gravity concentrator protected by an oversize scalping screen followed by an intensive cyanidation unit (ICU) where the gravity
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recovered gold is intensively leached in concentrated cyanide solution. Gold-bearing pregnant solution from the intensive cyanidation leach tank is recovered by electrowinning followed by smelting and the production of a doré bar. The cyclone overflow is thickened prior to flowing into a pre-aeration and leaching circuit that consists of three pre-aeration tanks (4,200 m3 each) where air is injected, followed by six cyanide leach tanks (4,200 m3 each). The leached slurry is directed to a carbon-in-pulp (CIP) system for gold recovery. The CIP circuit consist of seven tanks (142 m3 each) in series. Gold in solution from the leaching circuit is recovered on carbon in the CIP circuit and subsequently stripped and recovered from the strip solution by electrowinning, followed by smelting and the production of a doré bar. The CIP tailings are thickened to recover cyanide from the process solution, and then treated using the standard SO2/air process to destroy residual cyanide. The tailings are pumped to the permanent tailings facility, which is designed for zero discharge, with all the water being reclaimed for re-use in the mill.
17.2 Recoverability The precious metals recovery circuit is designed to produce an average of approximately 343,000 ounces of gold annually. The metal extraction rates established at startup according to metallurgical tests work done on 2005 as reasonable for the three main deposits of the Meadowbank project are shown in Table 17.1, based on testwork described in SGS Lakefield et al., 2005.:
Table 17.1 – Gold recoverability expected for three main deposits
Deposit Primary grind size (80% passing) LOM weighted average gold recovery Portage 62 µm 94.1% Goose 62 µm 96.1% Vault 80 µm 91.3%
In 2011, the Meadowbank plant achieved an average gold recovery of 93.8%. With the new LOM plan, the plant is expected to achieve a 94.0% gold recovery rate.
17.3 Changes with the new Life of Mine plan The Q3 and Q4 of 2011 mill averaged throughput were respectively 414 tph and 413 tph compared to 375 tph at the end of Q2 2011. The insertion of the secondary crusher between the primary crusher and the grinding circuit increased the mill throughput flexibility. The grinding circuit can handle an average daily throughput above 450 tph (2012 Meadowbank Mill Production Budget). However, the investment on the optimization project to increase and maintain the higher gold recovery will be considered as well as the process cost reduction. The new life of mine plan concurs with the optimization phase of the process, which will guarantee the achievement of production targets.
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In summer 2011, the SAG mill liners and grate design were reviewed in order to support a throughput between 450 and 500 tonnes/hour. Also, the SAG mill motor capacity was increased from 3,356 kW to 3,650 kW to support the upcoming mill throughput increase. In the rest of circuit, the pump upgrading capacity as well as the optimization modification are already in progress to support the mill increase. These changes have been done to make the process plant more robust to deliver the expected target of the new life of mine plan.
17.4 Requirements for energy, water, and process materials No major capital investments are expected with the new LOM plan in the process plant. However, some equipment upgrading would be required to complete the production requirement. The process plant grinding circuit simulations and study will be completed at the end of 2012 in order to evaluate the impact of increasing the SAG mill feed size to the overall SAG mill throughput. The objective of this study is to decrease the secondary crusher power consumption as well as to increase the secondary crusher throughput by using a bigger secondary crusher close side setting.
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Item 18. Project Infrastructure The location of the Meadowbank mine required special cold climate design considerations. The climatic data used for this project were based on the values specified in the National Building Code of Canada for Baker Lake, Nunavut. The primary implications of the Arctic climate are in the design of the buildings (particularly insulation and special foundation requirements), use of enclosed corridors to connect the buildings, and extreme space-heating requirements. The relatively shallow depth of the bedrock at the plant site—about 2 m below the ground surface—allows building and heavy equipment foundations to lie directly on the bedrock with no need for piles or extensive structural fill. The overall facilities are located near the Portage deposit. The mill site location is the same as in the pre-feasibility study and is considered the preferred plant site location for the following reasons: proximity to the main deposits of Portage and Goose; proximity to the tailings disposal site; relatively large area of flat but elevated terrain, allowing room for anticipated facilities; competent rock at or close to surface for good foundation conditions; and remote from culturally sensitive areas. Included in the mill site area are the process facilities, service truck-shop complex, camp, power plant, fuel storage, distribution facility, airstrip and cold storage (Figure 5.2). There is a single mill-service complex structure, reducing both capital and operating (heating) costs. The powerhouse is separate from the mill-service complex and connected via a heated corridor. This reduces the need for sound attenuation measures and firewalls. The mine truck service shop is also separate from the mill-service complex in order to be closer to the pit and keep mine traffic away from the mill area. The accommodation complex is connected to the other main buildings via Arctic corridors, except for the process plant.
18.1 Process facilities 18.1.1 Mill facilities The mill facilities consist of an outdoor leaching area and a mill building housing the rest of the process operations such as grinding, thickening, carbon-in-pulp recovery, the refinery, cyanide destruction and the reagents. The mill building is incorporated into a combined mill-service complex of nearly 7,060 m2. The mill building is a pre-engineered structure with steel frame and cladding that was assembled on site. Insulated pre-painted exterior walls and roof cladding panels were used. Internal walls are mostly steel studs with single-skin steel panels. Where fire protection is required, Gyproc is
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added to the wall composition. Truck doors provide access to a central corridor that runs the length of the mill-service complex, providing space and lay-down area. Overhead cranes are provided for the grinding circuit, the reagent circuit and the refinery. The mill building is designed to have an average interior temperature of 10oC. The leaching circuit section is not enclosed. The leach tanks are insulated and covered with insulated enclosures over the walkways and agitator mechanisms. Mobile cranes can be used to remove the agitator mechanisms. 18.1.2 Crushing and ore-handling The primary crusher is constructed with a concrete core housing the crusher dump pocket, the crusher rock box and an apron feeder. The service section, in front of the core, is constructed of steel and cladding to protect the dust collection equipment and the tail end of the stockpile stacker conveyor from the elements. The top of the crusher structure is partially enclosed with a non-heated shelter. The crusher mantle is serviced with the assistance of a mobile crane. The haul trucks access the primary crusher via a rock fill ramp. A wire-reinforced retaining wall separates the crusher access ramp from the crusher’s service section. The secondary crusher buildings are the ‘Transfer tower’ (98.8 m2), the ‘Take-up tower’ (52.65 m2) and the ‘Crusher building’ (284.76 m2) itself. These three buildings are made of a pre- engineered steel frame with cladding and insulation. The concrete floor lies directly on bedrock for certain critical sectors (like the crusher base) or on compacted aggregate. The Transfer tower is the building where the rock coming from the primary crusher is diverted to be crushed again from 15 cm down to 2 cm when exiting the secondary crusher. The Take-up tower is in the middle of the conveyor gallery and has the systems to maintain tension in the belt. The Crusher building is the building where the crusher is installed as well as a vibrating screen conveyor to prevent the smaller rocks from going into the crusher. Both the Crusher building and the Transfer tower are equipped with an overhead crane or trolley beam to facilitate the maintenance. From the secondary crusher, a stacker conveyor carries the crushed ore to the stockpile area which is covered by a steel geodesic dome. The purpose of the dome is mainly to protect the surrounding area from dust. Under the stockpile there is a reclaim tunnel that houses two apron feeders, which feed the grinding circuit feed conveyor. Due to the high percentage of magnetite in the ore, it was decided not to use a pebble crusher. 18.1.3 Assay lab The assay laboratory is a combined metallurgical and assay laboratory housed in a 741-m2 building located on the west end of the mill-service building. It includes a sample preparation room, balance room, fire-assay and wet assay laboratory, and an office for the chief assayer. The laboratory has a capacity of 200 gold fire assays per day and is also equipped with a carbon- sulphur (C-S) analyzer.
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18.2 Power plant The Meadowbank site power station is a diesel-fueled electrical generation facility based on multiple medium speed reciprocating engines (6 x 4.4 MW), housed in a powerhouse (1,710 m2), complete with heat recovery and all auxiliary equipment. The power output is rated to meet the requirements of the process plant, ancillary support loads and the camp. One of the six power generating units is on standby to allow for maintenance or repair. The power station is located adjacent to the largest loads, which are located in the grinding area of the process plant, to minimize both power losses and capital cost. The fuel specified is Arctic grade light fuel oil (LFO). Fuel is delivered to the powerhouse from the Meadowbank fuel tank farm area via small pipelines. The main site power distribution is 4.16 kV. Generally the 150 kW motors and above are fed at 4.16 kV. For the smaller motors and the general auxiliary power supply to the different services, the power is 575 V.
18.3 Fuel tank farms Since the Meadowbank mine is in a remote location, a tank farm dedicated to the mine is required at Baker Lake, where fuel from barges is received during sealift season. The Baker Lake tank farm has a storage capacity of 60 million litres (six tanks). This facility is located by the marshalling area by the shore at Baker Lake. These tanks are field-erected steel tanks built to API-650 standards within lined and bermed containment areas. The fuel is transported via an all-weather road by tanker trucks to the Meadowbank fuel farm, which has a storage capacity of 5.6 million litres (one tank). The Meadowbank fuel farm has facilities to fuel the mine and support mobile equipment while facilitating the supply of fuel to the main power plant. This tank is also a field-erected steel tank within proper containment. It is located at the southeast corner of the power plant site, conveniently close to the mining operations and plant facilities. The storage fuel capacity at Meadowbank has been sized to hold approximately 40 days of fuel requirement during operation.
18.4 Shop and warehouse complex The shop and warehouse complex is located northeast of the process plant. It is a large structure that house offices, shops, a warehouse and a heavy vehicle repair shop. It is connected to the other main facilities by arctic corridors. The service complex is a pre-engineered building with steel cladding and roofing,. It has a footprint of 3,168 m2 and contains the following facilities: 2,112 m2 for a workshop intended for heavy mobile equipment and light vehicles, including a wash-bay; 425 m2 for the heated warehouse;
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100 m2 for the electrical shop; 320 m2 for the dry; and 1,000 m2 for offices and a first aid facility. The workshop area is serviced by a 20-tonne overhead crane. The other services are located at one end of the building and distributed over three stories. There are three cold storage fabric shelter buildings, which providing approximately 4,200 m2 of additional storage space and an additional 350-m2 of warehouse space inside the main service building.
18.5 Camp accommodation complex The accommodation complex was built of prefabricated modules. It has a basic capacity of 366 beds. Tents that were used during construction are still in use today, providing an additional 40 beds. An additional 200 workers can be accommodated in the trailers of Nova camp. The rooms are single occupancy. A washroom with a shower is shared between two rooms; each room is equipped with a television set and internet access. The accommodation complex has twelve dormitory wings as well as an office, kitchen, dining room and laundry. These different facilities are all linked by heated corridors; the complex is connected to the other main buildings by Arctic corridors. The complex also includes a potable water treatment system and a sewage treatment system that is sufficient for 500 people. The entire complex is placed on wooden cribbing and steel stands in order to preserve the permafrost beneath.
18.6 Other facilities Fresh water is pump from Third Portage Lake, in front of the camp but across a little bay. The pumps have been set up on a floating barge, discharging the water through a 250-mm-diameter insulated and heat-traced HDPE pipeline to a fresh water and fire water reserve located at the plant site.
18.7 Reclaim Water Reclaim water is pumped from the tailings impoundment facility, located northwest of the plant site. The reclaim barge-mounted water pump station has been designed to ensure the pump intake remains ice-free. The pumps discharge reclaim water through a 250-mm-diameter insulated and heat-traced HDPE pipeline to a reclaim water tank located at the plant site.
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18.8 Incinerator An incinerator building is located southeast of the plant site, close to the tank farm. The building is 15.2 m by 16.2 m and houses an industrial incinerator, which handles all waste from the site that needs to be burned. The building is a pre-engineered steel frame building covered by cladding and roofing panel.
18.9 Emulsion Plant The emulsion plant building is 19.5 m by 30.5 m and is designed to house the emulsion mixing equipment provided by the explosives contractor. This facility is located about 3 km west of the plant site, meeting all explosives regulations. The building is a pre-engineered steel frame building covered by cladding and roofing panel.
18.10 Airstrip The airstrip is located northwest of the mill site facilities and is aligned roughly northwest, parallel to the prevailing wind direction. Agnico-Eagle built the airstrip 1,372 m long with a 60- m safety zone on each end, so the total length is 1,492 m. The airstrip has a width of 45 m including 37 m of runway. The base was built of waste rock from the Portage pit. The surface of the airstrip is covered by a 0.45-m layer of of 152 mm-sized crushed rock and a 0.15-m layer of 19 mm-sized rock. This airstrip can accommodate Convair 580-type aircraft. The strip is a visual flight rules operation and a private airfield. Air transport to the site uses charter operators who rely on a designated site employee to provide reports on site weather conditions and the condition of the strip itself. Lighting (together with air beacons) is provided around the strip to aid flights in marginal weather or low light conditions.
18.11 All-weather road The construction of a conventional access road to the property has extended the access season while reducing the freight cost of fuel and materials substantially. In addition, conventional road access benefits the local community by providing opportunities for transportation, lodging, freighting and marshalling services with the community. The all-weather road was constructed to link the Hamlet of Baker Lake to the Meadowbank mine site. The road is 106 km long and has a travelling surface width of 10 m and an average height above the existing ground of 0.8 m, with gentle side slopes in order to not impede the movement of wildlife. The road surface is minus 75 mm rock quarried and crushed from sources along the road. The roadway accommodates mine production size equipment as well as conventional tractor-trailer haul units on a single lane basis. Transport equipment is radio communicable. Figure 18.1 shows the path of the road.
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Figure 18.1 – All-weather road
18.12 Dewatering Dikes Since the Portage and Goose deposits are partly submerged by Second Portage and Third Portage lakes, dewatering dikes are required to allow open pit mining beneath these lakes. The ultimate project will comprise four water-retaining structures: the East Dike, the Bay-Goose Dike, the West Channel Dike and the South Camp Dike, shown in Figure 18.2. The West Channel Dike has been dry on both sides since the water inside Bay-Goose was removed during the fall 2011, so the dike is considered inactive. Only the East and the Bay-Goose dikes are major structures. All the dikes are built directly into the lakes, and then the water on one side is pumped dry to allow mining activities to occur.
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Figure 18.2 – Dewatering dikes around the Portage and Goose pits
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18.12.1 East Dike The East Dike is a structure made mostly of quarried rock and pervious crushed stone made watertight by means of a slurry trench excavated through the pervious fill and of a grout curtain in the upper rock foundation. It includes a haul road on the downstream side to access the North abutment. Earthworks started in late June 2008 and were essentially complete by mid-September 2008. The grouting was carried out under heated enclosure during the 2009 winter. Lake dewatering started after the foundation grouting was completed. 18.12.2 West Channel Dike The West Channel Dike was also built in 2008 in order to prevent the flow of water from Third Portage Lake towards the portion of Second Portage Lake that was dewatered. The West Channel Dike is located on the south side of the Portage pit, and together with the East Dike, isolates the northwest arm of Second Portage Lake to allow dewatering and development of the northern portion of the Portage pit and the Tailings Storage Facility. The West Channel Dike is considered a temporary structure as, upon completion of dewatering the Bay-Goose Basin the structure will no longer be required and will be removed as part of further mining of the Portage pit. Since November 2011 this dike has not been operational; the removal the Bay-Goose water has made the dike dry on both sides. 18.12.3 South Camp Dike The South Camp Dike was constructed in winter 2009 during frozen conditions and is located across an existing lake narrows in Third Portage Lake to allow for dewatering of the southern portion of the Portage pit. The South Camp Dike in conjunction with the Bay-Goose Dike will permit downstream lake dewatering, exposure of the lake basin and will allow for development of the Portage and Goose pits. The main components of the South Camp Dike include a rockfill shell, and a liner and low- permeability trench backfill constructed over ice-poor soil and/or inferred bedrock with an upstream filter zone. The rockfill embankment was laid on frozen lakebed soil present along the existing outlet channel. A bituminous liner and low–permeability zone was built on the trench excavated at the upstream toe to the inferred bedrock foundation. 18.12.4 Bay-Goose Dike The Bay-Goose Dike is located within Third Portage Lake on the south side of Portage pit and encompasses the Goose pit. The Bay-Goose Dike, in conjunction with South Camp Dike, isolates a portion of Third Portage Lake (Bay-Goose Basin), which was being dewatered at the time of the inspection to permit development of the Goose pit and southern portion of the Portage pit. Figure 18.2 shows the location of the Bay-Goose Dike. Construction of the Bay-Goose Dike commenced in the summer of 2009. The earthworks component for the northern portion of the dike was principally completed by early October 2009 and for the southern portion by October 2010. Grouting of the foundation and bedrock occurred
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between March 2010 and July 2011. Jet grouting occurred in selected portions of the dike between October 2010 and May 2011. The Bay-Goose Dike is approximately 2,200 m in length and consists of a wide rockfill shell, with downstream filters and a cut-off wall. Non-acid generating rock, primarily ultramafic rock, obtained from pit development activities (waste rock) was used for construction of the dike, including the rockfill component, coarse filter and core backfill. For the majority of the dike, the cut-off wall extends to bedrock and consists of soil-bentonite and/or cement-soil bentonite. For portions of the dike where the cut-off wall was not constructed to bedrock, jet grouting of the soil between the base of the cut-off wall and the bedrock was performed, thereby extending the low permeability element of the dike to the bedrock surface. The dike design also includes grouting of the contact and shallow bedrock. Water depth beneath the dike is up to 9 m, with a maximum depth to bedrock below lake elevation of more than 20 m.
Item 19. Market Studies and Contracts
19.1 Markets The Meadowbank mine produces high grade gold doré bars from a gravity circuit and hydrometallurgical treatment of the sulphide concentrate at the mine site refinery. The Royal Canadian Mint in Ottawa, Ontario, Canada refines the gold/silver doré bars produced from both circuits. The refined Meadowbank gold and silver are allocated to the Agnico-Eagle Mines Ltd. account at the Royal Canadian Mint for future sale on the Spot Market by the company.
19.2 Contracts As part of Agnico-Eagle’s ongoing socio-economic commitment to the Kivalliq Region and other local stakeholders, several contracts have been awarded to local Baker Lake businesses, as well as other businesses in the North during Meadowbank’s construction and operating phases. Contract terms are consistent with industry standards and at competitive market prices for various functions at the mine. As of December 31, 2011, payments to Northern businesses have exceeded C$185 million. In accordance with the Inuit Impact Benefits Agreement (IIBA), Agnico-Eagle will continue its focus to create opportunities for the people and businesses of Baker Lake and the Kivalliq Region to participate in the project, thereby establishing its role as an active member of the community and participant in the sustainable development of Baker Lake. Agnico-Eagle does not currently have a contract to sell the bullion produced at Meadowbank. Table 19.1 and 19.2 list the major contracts that are in place for goods and services at the Meadowbank operations.
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Table 19.1 – Major service contracts
Contract # Supplier Description Start on Term Expire date Ben Deshaies / N/A COOP Food supply May 1, 2009 3 years April 30, 2012 Maritime transportation for 8 years +2 June 30, 2017 or N/A NSSI freight July 1, 2010 years option 2019 Maritime transportation for 8 years + March 30 2017 or N/A Woodward Oil Co. fuel April 1, 2010 renewal option LOM March 16, 5 years + Dec 31, 2015 or N/A Woodward Oil Co. Fuel supply 2011 renewal option LOM Terminaux Portuaires Freight handling at N/A du Quebec Becancour, Que. May 1, 2010 Ever green LOM Perkison, Gary & Lease of Guest House 2054 N/A Rhoda in Baker Lake May 1, 2012 5 years April 30, 2017 N/A Enterprise Larry on compressor in the mill March 1, 2013 1 year Dec 31, 2012 Water and sediment AEM-MB-01 ALS LAB analysis July 24, 2010 5 years June 30, 2015 after completion of AEM-MB-02 NORTH SOUTH Bay Goose fish out July 24, 2010 mandate mandate after completion of AEM-MB-03 GOLDER ASSOC. Interim closure preparation July 24, 2010 mandate mandate after completion of AEM-MB-06 MILLENIUM Labour for mill shutdown Sept 27, 2010 mandate mandate after completion of AEM-MB-07 MILLER PAVING Modular bridge repair May 2011 mandate mandate Nunavut Environmental AEM-MB-11 Consulting Wildlife monitoring May 14, 2011 5 years March 30, 2016 QAMANITTUAQ Rental and operation of AEM-MB-12 SANA equipment July 1, 2011 1 year October 30, 2012 ARCTIC FUEL Fuel and freight August 1, AEM-MB-13 SERVICES transportation on AWPR 2011 5 years July 31, 2016 PETER EXPEDITING Employees land August 29, AEM-MB-14 LTD transportation 2011 5 years July 31, 2016 QAMANITTUAQ AEM-MB-15 SANA Reverse circulation drilling Sept 1, 2011 1 year October 30, 2012 Manpower for mechanic October 1, AEM-MB-16 Huka Services light vehicles 2011 1 year March 30, 2012 QAMANITTUAQ AEM-MB-17 SANA HW disposal August 1,2011 5 years July 31, 2016 January 1, AEM-MB-18 ABF Arctic Labour for mill shutdown 2012 1 year Dec 31, 2012 Sarliaq Holding AEM-MB-19 (Nolinor) Air freight transportation April 1, 2012 2 years March 30, 2014 Sarliaq Holding Passenger air AEM-MB-20 (Nolinor) transportation April 1, 2012 2 years March 30, 2014 Air transport of passengers AEM-MB-21 First Air in Kivalliq region April 1, 2012 2 years March 30, 2014 Labour for ball mill AEM-MB-22 To be announced shutdown April 1, 2012 1 year Dec 31, 2012 AEM-MB-23 To be announced Food supply May 1, 2012 5 years April 30, 2017
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Table 19.2 – Major goods contracts
PRODUCT SUPPLIER TERM 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 STS (small tools & supplies) AGI/BLCS 2 YRS MEADOWBANK SLINGS BLCS 2 YRS MEADOWBANK PUMPS TECHNOSUB 2 YRS MEADOWBANK PUMPS CANADIAN DEWATERING 2 YRS MEADOWBANK FILTERS TRACTION VALDOR 2 YRS MEADOWBANK MOTOROLA RADIOS ORIZON MOBILE 2 YRS MEADOWBANK WELDING CONSUMABLES PEL/NIS 2 YRS MEADOWBANK CUMMINS & KENWORTH TRACTION VALDOR 2 YRS MEADOWBANK
MILL LINERS METSO 3 YRS REGIONAL CONTRACT under negotiation OFFICE SUPPLIES BOUTIQUE BUREAU GYVA 3 YRS MEADOWBANK under negotiation FASTENERS PEL/NIS 3 YRS MEADOWBANK WOOD COOP SANAVIK 3 YRS MEADOWBANK BELTS & BEARINGS KINECOR 3 YRS MEADOWBANK ELEC CABLE WESTBURNE ROUYN/VAL D’OR 3 YRS MEADOWBANK ELEC CONSUMABLES WESTBURNE ROUYN/VAL D’OR 3 YRS MEADOWBANK ELEC MOTORS BC BEARINGS/BLCS 3 YRS MEADOWBANK SPILL CONTROL JEXPLORE 4 YRS MEADOWBANK LAMARTINE SUITS SPI VAL D’OR 4 YRS MEADOWBANK PPE AGI/BLCS 4 YRS MEADOWBANK PIPING PEL/NIS 4 YRS MEADOWBANK LUBRICANTS PETRO CAN/BLCS 5 YRS MEADOWBANK FORD PARTS FAST PARTS +/ HUKA SERVICES 5 YRS MEADOWBANK STEEL COOP SANAVIK 5 YRS MEADOWBANK FIRE SUPPRESSION SPI VALDOR 5 YRS MEADOWBANK GASES PRAXAIR TROIS RIVIERES 7 YRS MEADOWBANK EXPLOSIVES QAAQTUQ/DYNO-NOBEL L.O.M LOM CONTRACT MEADOWBANK CORE BOXES LABOCORE L.O.M REGIONAL CONTRACT SANITARY NORFIL L.O.M LOM CONTRACT REGIONAL/CORPORATE CATERPILLAR / O&K PARTS TOROMONT L.O.M LOM CONTRACT MEADOWBANK
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Item 20. Environmental Studies, Permitting, and Social and Community Impacts 20.1 Environmental studies and issues Baseline environmental studies were first conducted by AEM (and its predecessor company Cumberland Resources) in the Meadowbank project area beginning in 1996, in preparation for the environmental assessment process. These studies examined the geological setting of the project area, the geochemistry of the waste rock, ore, tailings and overburden materials to assess acid rock drainage (ARD) and metal leaching potential, climate, terrain and soil types in the region, prevalence and extent of permafrost, hydrology and hydrogeology of the region, flora and fauna of the region including studies of local wildlife, birds, fish and benthic organisms and vegetation, traditional Inuit knowledge of the region, historical land use by the Inuit in the area, identification of archaeological, cultural and spiritually important sites of the region, identification of any protected or sensitive areas in the region and socio-economic baseline conditions within the seven Kivalliq Communities of the Kivalliq Region of Nunavut. The information gathered during these baseline studies was utilized by AEM to assess the project’s potential environmental impacts and to design ways to avoid or mitigate significant adverse impacts to both the natural and socio-economic environment caused by the construction, operation and decommissioning of the Meadowbank gold mine project. This baseline data and environmental assessment was submitted to the Nunavut Impact Review Board (NIRB) in 2005 as part of the project’s environmental impact statement. The NIRB process concluded in late 2006 with the issue of a Project Certificate clearing the way for the project to obtain its required construction and operating permits/licences. The results of the environmental baseline studies were integrated into the project design. Valued ecosystem components (VECs) and valued social economic components (VSECs) were identified in consultation with regulatory authorities, the Inuit of the Kivalliq Region and with local communities. Typical VECs identified and assessed included air quality, noise, water quality, surface water quantity, permafrost, fish populations, fish habitat, vegetation cover (wildlife habitat), ungulates, predatory mammals, small mammals, raptors, water birds, and other breeding birds. Typical VSECs identified and assessed included population, economic activity and income, education, traditional activity, community health and wellness, crime, housing and transportation and culture. The results of the environmental assessment process indicated that there were no known significant environmental impacts associated with the project that could not be mitigated by AEM through mine design and management processes implemented during the construction, operation and decommissioning phases of the project. All of the conventional water quality parameters (e.g., pH, anions, nutrients, metal concentrations, and limnological data) indicated that the quality of the water in the study and references lakes prior to mine development was pristine with low levels of contaminants. The study lakes are situated in the uppermost reaches of the Quoich River system, so they do not receive input from upstream lakes that might carry suspended and dissolved solids and/or nutrients. This helps explain why the lakes adjacent to the mine are so oligotrophic, nutrient- poor, and relatively unproductive with respect to supporting large fish populations.
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Groundwater baseline data was collected from four monitoring wells located within the three main rock types in the area of the Goose and Portage deposits—namely iron formation (IF), intermediate volcanic (IV) and ultramafic (UM) lithologies—and from the talik (zone of permanently unfrozen ground) underlying the proposed tailings storage facility area at Second Portage Lake. No wells were installed in the Vault deposit area, as it lies within continuous permafrost. The chemistry of the groundwater demonstrated distinct signatures for each lithology. The Meadowbank study area lies at the lower end of the Northern Arctic Eco zone and is characterized by a continuous vegetation cover interspersed with bedrock outcroppings and continuously aggrading surfaces. Vegetation plots show that vegetation at the mine site is typical of upland tundra. No sensitive, rare, or endangered species or communities have been identified. The site is well north of the tree-line and is within the Arctic “barren” lands. Based on traditional knowledge, the Meadowbank site is considered to be a low usage area for caribou hunting due to low abundance and distance from Baker Lake. Based on existing information, baseline surveys, and traditional knowledge, the Meadowbank area and vicinity is not used as a calving area for caribou and is not known as critical caribou habitat. Key fish species in the Meadowbank region are lake trout, Arctic char, and round whitefish. Arctic char in the system are landlocked since there is an impassable falls (St. Clair Falls) on the Quoich River near Chesterfield Inlet. Traditionally, fish have been the secondary food source for Baker Lake residents after caribou meat. According to the Elders of Baker Lake, the area around the mine was not used for fishing, although some fishing did take place several kilometres to the south.
20.2 Waste, tailings and water management 20.2.1 Waste rock disposal Waste rock from the Portage and Goose open pits is (and will be) stored in an area to the north of Second Portage Arm and to the west of the Vault haul road, designated as the Portage Rock Storage Facility (Figure 20.1). This waste rock pile will be capped at closure with a layer of non- acid generating (non-PAG) waste rock to ensure that all potentially acid generating rock contained within the pile remains permanently frozen. The depth of the cover will be sufficient to ensure that the annual summer thaw depth never reaches into the stored PAG rock. This will ensure that the PAG rock remains frozen preventing any generation or release of contaminated water from the stored PAG rock. Once capped the waste rock pile will be graded to ensure that all snowmelt and precipitation runoff drains off of the pile and does not create ponds on top of the pile. Later in mine life, waste rock from the Portage and Goose pits will also be placed for permanent storage within the mined out portion of the Portage pit, which will ultimately be flooded.
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Figure 20.1 – Location of Existing and Planned Waste Rock Piles and of the Tailings Storage Facility
Waste rock from the Vault pit will be stored in an area to the west of the pit, designated as the Vault Rock Storage Facility. This facility will also be re-graded at closure to ensure that all snowmelt and precipitation runoff drains off the pile and does not form ponds on top of the pile and to provide a final shape consistent with the surrounding topography. The water seepage from the Vault Rock Storage Facility is expected to be of suitable quality to allow it to be discharged to the environment without treatment, so capping of this facility is not proposed. An adaptive management plan will include monitoring of water quality during operations to confirm the modeling predictions and to allow adjustments to the closure plan as required. The waste rock is expected to eventually freeze. 20.2.2 Tailings disposal The Tailings Storage Facility is delineated by a series of dams that have been built around and across the basin of the dewatered northwest arm of Second Portage Lake (Figure 20.1). The Tailings Storage Facility is divided into the North and South Cells. Since Year 1 (2010) to about Year 5 (2014), tailings are being stored in the North Cell, delimited by the Stormwater Dike, and Saddle Dams 1 and 2. Future development of the North Cell includes the construction of Saddle Dam 6. Once the North Cell is full, deposition will switch to the South Cell until plant operations cease. The South Cell will be delimited by the Central Dike, and Saddle Dams 3, 4 and 5. The division of the Tailings Storage Facility into cells allows tailings management in comparatively smaller areas with shorter beach lengths that reduce the amount of water that is trapped and permanently stored as ice. Operation in cells also allows progressive closure and cover trials to begin in the North Cell while tailings deposition continues in the South Cell.
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Tailings are placed sub-aerially as thickened slurry and water from the pond is reclaimed during operation. The tailings deposition strategy is to build beaches against the faces of the perimeter dikes to push the pond away, and ultimately produce a tailings surface that directs drainage towards the western abutment of the Stormwater Dike. Thermal modeling indicates that the tailings will freeze in the long term, and that the talik that currently exists below Second Portage Arm will freeze before seepage from the Tailings Storage Facility reaches the groundwater below the permafrost. Therefore, the potential for groundwater contamination to occur as a result of seepage from the Tailings Storage Facility is considered to be low. The tailings are PAG. A minimum 2-m-thick cover (expected to be between 2 and 4 m thick) of non-PAG rockfill will be placed over the tailings at decommissioning to physically isolate the tailings and to confine the active (summer thaw) layer within relatively inert materials. At mine closure, the control strategy to minimize water infiltration into the Tailings Storage Facility and the migration of constituents out of the facility includes freeze control of the tailings through permafrost encapsulation. 20.2.3 Water management The water management objective for the mine is to minimize the potential for any short or long term adverse impact to the quantity and quality of surface water and groundwater in the existing watersheds and aquifers in the area immediately surrounding the mine site by; i) deflecting clean non-contact water away from the site to prevent such water from picking up contaminants; ii) by intercepting, containing and recycling water that does come in contact with mine facilities such as the open pits, site roads, waste rock dumps to the greatest extent possible; and iii) by treating the mill tailings slurry to destroy residual cyanide before it leaves the mill and by operating the tailings storage facility as a zero-discharge facility during the mine operating life. Diversion ditches have and are being constructed to avoid the contact of clean runoff water with areas affected by the mine or mining activities. Contact water originating from affected areas is intercepted, collected, conveyed to central storage facilities for re-use in process, or decant to treatment (if needed) prior to release to receiving lakes. The mine consists of several gold- bearing deposits that are being mined in sequence from three open pits: Portage (North, Centre and South), Goose and Vault. A series of dewatering dikes (East, West Channel, Bay-Goose, South Camp and Vault) are required to isolate the mining activities from neighbouring lakes. The Second Portage Lake (2PL) Arm was dewatered in 2009 and 2010 to permit mining in the north and south portions of the Portage pit, and allow construction of a Tailings Storage Facility with a Reclaim Pond, and the Portage Attenuation Pond (Figure 20.2). The Reclaim and Portage Attenuation ponds are separated by the Stormwater Dike constructed between the north and main basins of 2PL Arm. Dewatering volumes not meeting the TSS discharge standards were treated before being released into Third Portage Lake (3PL).
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Figure 20.2 – Location of Water Management Structures in relation to Mine Infrastructure
Since 2010 and until 2012, site contact water from the Portage mine area has been collected in the Portage Attenuation Pond located in the main basin of 2PL Arm. Contact water collected within the Portage Attenuation Pond is used to satisfy mill process water make-up requirements with any excess water treated, if necessary, and discharged to 3PL. Reclaim water from the Tailings Storage Facility is also available to meet the process water demand, with excess water being returned to the Reclaim Pond located in the northwest basin of 2PL Arm. The Portage Attenuation Pond is operated in a manner to minimize the amount of water stored within the facility during the open water period. This will facilitate the construction of the Central Dike, which will be required in future years to isolate the open pit mining operations from the Tailings Storage Facility, and will limit water storage over the winter period thereby maximizing the storage capacity available for the spring freshet. By Year 5 (2014), the north basin will be filled with tailings, so tailings deposition will commence in the main basin until the end of mining operations. At this time the former Portage
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Attenuation Pond will be used as the Reclaim Pond, and freshwater make-up to mill will be sourced from the mill area and pit runoff supplemented by pumping from either 3PL or flooded pit lakes. The portion of 3PL located within the Bay-Goose and South Camp dikes was dewatered in Year 2 (2011) to facilitate open pit mining in Portage South and Goose pits. All dewatering water was sent to a water treatment plant before being discharge into 3PL. Vault Lake will be dewatered in Year 4 (2013) to provide attenuation storage for site contact water from the Vault mine area prior to release to Wally Lake. Dewatering water will be discharged into Wally Lake, with volumes of water not meeting discharge standards stored within the Vault Attenuation Pond for treatment prior to release. The Vault Attenuation Pond will be operated in such a manner to minimize the amount of water stored within the facility during the open water period.
20.2.3.1 Fresh water source Fresh water for site use is pumped from an intake barge located on 3PL. The intake to the barge is situated more than 1 m above the lake bottom to avoid fish habitat and is fitted with an appropriately sized screen to avoid entrapment of fish. Heat-traced, insulated piping extends from the barge to an insulated main storage tank located at the process plant, providing storage for both fire-protection and fresh water. Some fresh water is send to a chlorination system to be used as potable water. The treated potable water is stored in an insulated water tank. A water distribution pump, distributes potable water to the site. The camp uses approximately 100 m³/day of potable water, while accommodating approximately 500 people. The mill water balance requires a minimum freshwater requirement of approximately 3000 m³/day. Annual consumption volume is approximately 1.3 million m³ or 0.2% of the total volume of Third Portage Lake. Most of this volume will be redirected back to Third Portage Lake via the Portage Attenuation Pond up to operating year 5 (2014); therefore, no significant impacts to the lake water balance are anticipated.
20.2.3.2 Reclaim water Mine process water will be primarily reclaimed from the Reclaim and Attenuation ponds. Sewage from the camp and office facilities is treated in an onsite sewage treatment plant with the treated water then discharged to the Reclaim Pond. The mill uses approximately 7,700 m³/day from the Reclaim Pond (Tailings Storage Facility). The reclaim of water is achieved using a floating barge, which will be moved progressively during the operation of the Tailings Storage Facility. Heated reclaim pumps are used to ensure operation during the winter. A bubbler system is used to keep ice away from the barge.
20.3 Permitting The development of the Meadowbank mine was subject to an extensive environmental review process under the Nunavut Land Claims Agreement administered by the Nunavut Impact Review Board (NIRB). On December 30, 2006, a predecessor to Agnico-Eagle (Cumberland Resources)
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received a Project Certificate from NIRB. The Project Certificate was signed by the Minister of Indian and Northern Affairs Canada and allowed Agnico-Eagle to obtain the necessary permits and authorizations to construct operate and decommission the Meadowbank gold mine. The primary mine operating permit is a Type A Water Licence issued by the Nunavut Water Board authorizing the use of water and the generation, storage and disposal of mine waste products including waste rock, tailings and effluents. The Type A Water Licence was issued in July 2008 and is subject to renewal in June 2015. Agnico-Eagle currently holds a renewable exploration lease from the KIA that expires on December 31, 2015. In July 2008, the company signed a production lease for the construction and the operation of the mine, the mill and all related activities. In April 2008, the company and KIA signed a water compensation agreement for the Meadowbank mine addressing Inuit rights under Section 20 of the Land Claims Agreement respecting compensation for water use and water impacts associated with the project. See Table 4.6 for the summary of the permits and authorizations held by Agnico-Eagle for the Meadowbank mine.
20.4 Social and community-related agreements, activities and plans In February 2007, Cumberland Resources (a predecessor company subsequently acquired by Agnico-Eagle) and the Nunavut government signed a Development Partnership Agreement (DPA) with respect to the Meadowbank mine. The DPA provides a framework for Government of Nunavut to ensure that socio-economic benefits of the Meadowbank mine accrue to the citizens of Nunavut. In return Agnico-Eagle receives a rebate of some of the territorial tax it pays to the GN on fuel used at Meadowbank. An Inuit Impact Benefit Agreement (IIBA) for the Meadowbank mine was signed with the KIA in March 2006. This agreement was renegotiated, and a revised IIBA was signed October 18, 2011. The IIBA ensures that local employment, training and business opportunities arising from all phases of the project are accessible to the Kivalliq Inuit. The IIBA also outlines the special considerations and compensation that Agnico-Eagle has agreed to provide to the Inuit regarding traditional, social and cultural matters. In 2008 Agnico-Eagle formed a community liaison committee for the Meadowbank project to discuss all issues of concern or interest between the Hamlet of Baker Lake and its residents and Agnico-Eagle concerning any facet or activity associated with the mine. This committee was established with the help of the Hamlet of Baker Lake. The committee consists of representatives selected by the community representing the Elders Society, youth, the business community, the adult education committee, the Hamlet, Nunavut Arctic College and the Hunters and Trappers Organization of Baker Lake. Meetings are held at a minimum of once per quarter in both English and Inuktitut with the presence of an interpreter.
20.5 Mine closure requirements and costs In accordance with the requirements of the Type A Water Licence, in September of 2008 Agnico-Eagle prepared and submitted a Mine Closure and Reclamation Plan to the Nunavut
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Water Board (NWB) for the Meadowbank mine. Under the Closure Plan, closure activities include the dismantling and removal of all buildings (the mill, the maintenance shop, power house, camp, etc.), stabilization and closure of the open pits, waste rock piles, tailings storage facilities, decommissioning and removal of all fuel storage and handling facilities, the explosives mixing plant, the water treatment plant, the sewage treatment plant, and the decommissioning of roadways and the airstrip as well as drainage ditches. Mine closure and reclamation will utilize currently accepted management practices and appropriate mine closure techniques that will comply with accepted protocols and standards. Closure will be based on project design and operation to minimize the area of surface disturbance, stabilize disturbed land surfaces and permafrost against erosion, and return the land to post-mining uses for traditional pursuits and as an appropriate wildlife habitat. The waste storage facilities will be progressively closed during mine operations. A dry cover of non-PAG ultramafic rock will be placed over PAG waste rock piles and the Tailings Storage Facility to confine the active permafrost layer within relatively inert materials. The objective is to ensure that the encapsulated PAG rock remains buried within the permafrost zone while the cover rock that thaws each summer is non-PAG. In this way oxidation is reduced and no contaminants can be transported away from the closed dump. All surface buildings and infrastructure will require reclamation and closure measures upon completion of mine operations. The primary crusher, ore storage building, mill complex, site services, and power plant will be dismantled and removed off site as salvage materials, or deposited in a demolition landfill to be constructed within the Portage Rock Storage Facility. Other surface facilities (camp complex, the shop, warehousing and office complex, mine site tank farm, and miscellaneous dry storage facilities) will be dismantled and disposed of on site in the Portage Rock Storage Facility demolition landfill. All infrastructure that may be required for mine operations, closure and reclamation including the airstrip, roads, storage pads, quarries, granular borrow areas (if present), ditches and sumps will be re-contoured and/or surface-treated according to site-specific conditions to minimize erosion from surface runoff and windblown dust, while enhancing the development site area for the re-establishment of native vegetation. At the end of active mining operations, rock berms will be placed around the perimeters of the pits that will be above water to restrict access and minimize hazards to people and wildlife. Re- watering of the Goose and Portage pits will commence before the completion of mining activities at Vault. All of the pits will eventually be flooded and become part of Second Portage and Third Portage lakes. The final closure and reclamation plan will be developed in conjunction with the mine plan so that considerations for site closure can be incorporated into the mine design. Monitoring will be carried out during all stages of the mine life to demonstrate the safe performance of the mine facilities. If any non-compliant conditions are identified, then maintenance and planning for corrective measures will be completed in a timely manner to ensure successful completion of the reclamation and closure plan. The cost of completing the reclamation of the Meadowbank mine was estimated as part of the mine closure planning process. A separate cost estimate was prepared by an external consultant retained by Indian and Northern Affairs Canada and reviewed by a second external consultant retained by the Kivalliq Inuit Association for the purpose of establishing an appropriate level of security bonding to be held by the Government of Canada for the Meadowbank mine. The total reclamation liability was estimated to be C$43.9 million at the end of the mine operating life
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(2017, which is Year 8). Consensus was reached between Agnico-Eagle, Canada and the KIA on this figure. The breakdown of the estimate is presented in Table 20.1.
Table 20.1 – Estimated reclamation liability at Meadowbank at the end of the mine operating life (C$)
SUMMARY OF COSTS YEAR 8 COMPONENT TYPE COMPONENT NAME TOTAL COST Land Liability Water Liability $2,441,495.00 $2,081 $2,439,414 OPEN PIT 0 $0.00 $0 $0 UNDERGROUND MINE 0 $20,573,793.76 $5,143,448 $15,430,345 TAILINGS 0 $4,174,264.74 $145,613 $4,028,652 ROCK PILE 0 $6,057,561.54 $5,937,562 $120,000 BUILINGS AND EQUIPMENT 0 $538,754.00 $160,520 $378,234 CHEMICALS AND SOIL MANAGEMENT 0 $0.00 $0 $0 WATER MANAGEMENT 0 $0.00 $0 $0 POST-CLOSURE SITE MAINTENANCE SUBTOTAL $33,785,869 $11,389,223 $22,396,645 Percentages 33.7 66.3
$802,207 $270,424 $531,783 MOBILIZATION/DEMOBILIZATION 0 $840,000 $283,164 $556,836 MONITORING AND MAINTENANCE 0 $0 $0 $0 Market Factor Price Adjustment 0% PROJECT MANAGEMENT 5% $1,689,293 $569,461 $1,119,832 $1,689,293 $569,461 $1,119,832 ENGINEERING 5% $5,067,880 $1,708,384 $3,359,497 CONTINGENCY 15% $43,874,543 $14,790,118 $29,084,426 GRAND TOTAL - CAPITAL COSTS
Agnico-Eagle has provided a Letter of Credit to the Government of Canada for C$38 million effective January 1, 2012 against site reclamation liability at Meadowbank for the mine plan as of the end of 2012. The Type A Water Licence requires that this security be increased by a further C$4 million on January 1, 2013 and C$1.9 million on January 1, 2014 bringing the total to C$43.9 million by the beginning of 2014. Agnico-Eagle has also provided a Letter of Credit to the Kivalliq Inuit Association for C$14.9 million effective July 2008 against site reclamation liability at Meadowbank. Consequently as of the writing of this report Agnico-Eagle has posted Letters of Credit of a combined value of C$52.9 million against reclamation liability at Meadowbank (121% of estimated liability). Agnico-Eagle believes that the reduction in reserves under the new LOM plan will not materially affect the estimated reclamation liability or closure cost. Under the new mine plan the amount of tailings placed within the tailings impoundment will be less but the overall footprint within the impoundment basin will not significantly change. Similarly the amount of waste rock placed into the waste rock dumps will be less, reducing the overall final heights of the dumps but not significantly impacting the overall surface area. The final configuration of the open pits will be smaller, which will tend to reduce the reclamation cost but not in a material manner.
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Item 21. Capital and Operating Cost Estimates The capital cost estimates in the Life of Mine (LOM) plan of January, 2012 totalled approximately C$156.8 million and are summarized in Table 21.1.
Table 21.1 – Capital cost estimate according to the 2012 LOM plan (thousands of Canadian dollars)
(X1000)$ 2012 2013 2014 2015 2016 2017 Total Pre-stripping 5,054 0 7,531 0 0 0 12,585 Infrastructure 23,301 10,925 5,379 4,645 2,999 0 47,249 Dyke Construction 48,559 35,730 7,690 8,675 10,112 0 110,766 Mobile Equipment 9,860 1,588 0 0 0 0 11,448 Exploration 6,052 500 0 0 0 0 6,552 Salvage Value (31,837) Total 92,826 48,743 20,601 13,321 13,110 (31,837) 156,764
The annual mine cost, milling and indirect operating costs in the LOM plan for the three pits are summarized in Table 21.2.
Table 21.2 – Annual operating cost estimates according to the 2012 LOM plan (thousands of Canadian dollars)
(X1000)$ 2012 2013 2014 2015 2016 2017 Total Mining Cost 92,943 76,896 79,442 68,540 36,343 1,857 356,021 Indirect Cost 166,279 163,570 162,190 138,875 98,905 14,106 743,925 Mill Cost 85,211 87,625 87,571 87,568 87,138 17,130 452,243 Total Operating Cost 344,433 328,090 329,203 294,982 222,386 33,093 1,552,188
The estimates were made based on the 2011 actual costs. Some of these have been adjusted using expected improvements, and then projected over the LOM plans. The estimates take into account the goods and services contracts already in place (see item 19).
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Item 22. Economic Analysis The current total mineable reserve at Meadowbank is 24.5 million tonnes grading 2.79 g/t gold, containing 2.2 million ounces of gold. The metal prices and foreign exchange rates used to calculate the reserve are the historic three-year average gold and foreign exchange rate (in accordance with the SEC Industry Guide 7). For the period ending December 31, 2011, the historic three-year average gold price was $1,255/oz and the exchange rate was C$1.05/US$1.00. The mine produces gold in the form of gold/silver doré bars requiring further refining. The contracted refinery recovers 100% of the gold. The refined gold is sold on the Spot Market by Agnico-Eagle. Based on the January 2012 LOM plan, the mine life will continue at Meadowbank for another six years (2012 through mid-2017) from three pits. The basic mine production parameters are as follows: 365 operating days per year (with 15 unscheduled down days per year due to weather conditions) 10,100 tonnes/day of feed to the crusher 1.4 g/t gold cut-off grade Whittle pit shells selected to maximize the net present value The Portage pit in production from 2012 to 2016, Goose in production from 2012 to 2015 and Vault in production from 2014 to 2017 Low-grade stockpiles processed throughout the mine life The total material (mine, waste and overburden) to move per year has been set at 32 million tonnes from 2012 to 2014, 25 million tonnes in 2015, 12 million tonnes in 2016 and 0.6 million tonnes in 2017. There will be little reliance on contractors for mine production because Agnico- Eagle has the mobile fleet necessary to meet the production requirements. The mill will process approximately 10,100 tonnes/day (3.7 million tonnes/year) of ore from 2012 through 2016, and 0.5 million tonnes in 2017. For the economic model, Agnico-Eagle has assumed mill recoveries of 94.0% for the Portage pit, 91.0% for Vault and 94.0% for the Goose pit. Portage recovery is in line with the current mill performances; for Goose and Vault the assumptions are from laboratory metallurgical test work. The average annual production from the Meadowbank mine will be approximately 362,000 ounces of gold from 2012 through 2016, and 38,000 in 2017, totalling more than 1.8 million ounces. Table 22.1 shows the production forecast from the 2012 LOM plan.
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Table 22.1 – Mine production forecast for the Meadowbank mine, 2012-2017
Mill feed/year Gold grade before Total payable gold Year (000 tonnes) recovery (g/t) production (ounces) 2012 3,592 3.43 353,331 2013 3,686 3.22 359,112 2014 3,705 3.18 349,587 2015 3,725 3.36 372,487 2016 3,755 3.38 374,689 2017 481 2.69 38,367 Total/Average 18,945 3.30 1,847,574
Using a gold price of US$1,255/oz and an exchange rate of C$1.05/US$1.00, cash costs for the project are expected to be US$853/oz. Therefore, the total revenues and total net cash flow are estimated to be, respectively, C$2,433 million and C$736 million over the life of mine (Table 22.2). Calculation of the net cash flow takes into account the revenues, and capital and operating costs, but not the taxes and financing expenses.
Table 22.2 – Meadowbank project cash flow evolution (C$000s)
Year Revenue Capital expenditure Operating expenditure Net cash flow Cumulative cash flow
2012 465,345 92,826 339,379 33,140 33,140 2013 473,194 48,743 328,090 96,361 129,501 2014 460,605 20,601 321,672 118,332 247,833 2015 490,884 13,321 294,982 182,581 430,414 2016 493,727 13,110 222,386 258,231 688,645 2017 48,955 (31,837) 33,093 47,699 736,344
TOTAL 2,432,710 156,764 1,539,602 736,344
The difference in the 2.2 million ounces of gold contained in reserves versus the 1.8 million ounces of gold expected to be produced can be explained by three factors. Firstly, the mine production forecast and the estimated cash flow projection do not take into account the marginal ore that is included in the reserve. (The marginal ore—approximately 4.2 million tonnes at 1.16 g/t gold containing 157,912 ounces of gold—is stockpiled separately, and could potentially be processed at the end of the mine life.) Secondly, a contingency of 5% has been deducted from the total ounces expected to be produced in 2012, allowing for a higher mining dilution that year. The rest of the difference can be explained by the gold recovery rate of 94.0% for the Portage and Goose pits and 91.0% for Vault. The results of the financial analysis indicate that the Meadowbank mine project, from 2012 through 2017, has on a pre-tax basis a net present value of C$588 million at a discounted rate of 6%.
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22.1 Taxation and royalties Meadowbank, a division of Agnico-Eagle Mines Limited, is subject to Canadian federal income taxes at a combined rate of 27% (15% federal and 12% Nunavut) and mining royalties in Nunavut Territory. The Meadowbank property is situated on both Crown Mining Leases and Nunavut Tunngavik Inc. (NTI) exploration concessions. Production from the Portage and Goose deposits is subject to a net profits royalty payable to the Crown royalty regime in accordance with the Northwest Territories and Nunavut Mining Regulations. The royalty rate is based on a sliding scale to a maximum of 13%. The Vault deposit will be subject to a similar royalty payable to the NTI royalty regime. However, it will be a flat rate of 12%. As these royalties are based on net profits, they will be reflected as income and mining taxes.
22.2 Sensitivity analysis Table 22.3 shows the base case annual cash flow, as well as the impact that a 5% and 10% increase or decrease in the gold price, the gold grade, the capital expenses and the operating expenses would have on the cash flow.
Table 22.3 – Economic and sensitivity, Agnico-Eagle Meadowbank Division, Nunavut (in CS millions)
Years 2012 2013 2014 2015 2016 2017 Total Base Case Cash Flow (C$M) 33 96 118 183 258 48 736
5% C$ Gold Price Change +/- +/- +/- +/- +/- +/- +/- 23 23 23 25 25 3 122 10% C$ Gold Price Change +/- +/- +/- +/- +/- +/- +/- 47 47 46 49 49 5 243 5% Gold Grade +/- +/- +/- +/- +/- +/- +/- 24 24 23 24 25 2 122 10% Gold Grade +/- +/- +/- +/- +/- +/- +/- 46 47 46 49 49 5 242 5% Capex +/- +/- +/- +/- +/- +/- +/- 5 2 1 1 1 -2 8 10% Capex +/- +/- +/- +/- +/- +/- +/- 9 5 2 1 1 -3 15 5% Opex +/- +/- +/- +/- +/- +/- +/- 17 16 16 15 11 2 77 10% Opex +/- +/- +/- +/- +/- +/- +/- 34 33 33 30 22 3 155
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Item 23. Adjacent Properties There is no adjacent property in operation or in late stage of the development in the area.
Item 24. Other Relevant Data and Information Agnico-Eagle is not aware of any other relevant data or information about the Meadowbank mine.
Item 25. Interpretations and Conclusions 25.1 Results and interpretations Since start-up, the Meadowbank mine has experienced a number of production issues related to lower than expected mill throughput and production grade, and higher than expected operating costs. Firstly, a secondary crushing unit was installed in 2011 in order to solve a shortfall from the original 8,500 tonne per day design production rate, observed since startup in 2010. Next, since the June 2011 startup of the permanent secondary crusher, the design rate of 8,500 tonnes per day has been consistently exceeded, but, the production head grade has been consistently lower than predicted by the reserve model of December 2010. Finally, the orebody geometry and operating in the Arctic have made mining more complex and expensive than expected. As a result, the 2010 and 2011 minesite operating costs (respectively, C$95 per tonne and C$91 per tonne) were higher than expected (C$82 per tonne expected in 2011). In order to address the issue in 2011 of poor reconciliation between the mineral reserve model and millhead grade, the mineral resource model was modified at the end of 2011, to incorporate additional internal dilution, which resulted in an overall lower grade for the deposit. In reaction to the persistently high operating costs and the revised mineral resource model, an optimized mine plan for Meadowbank was completed early in 2012 that recommends smaller pits, higher mill throughput, and reduced gold production over a mine life shortened from 2020 to 2017. Gold contained in the total reserves (as of December 31, 2011) have decreased by approximately 37.6% or close to 1.3 million ounces (net of depletion from block models) over the past year. The average annual production from the Meadowbank mine will be approximately 362,000 ounces of gold from 2012 through 2016, and 38,000 in 2017 when mining will be completed. The operating costs per tonne are expected to be C$81.30 over the LOM, while the cash cost to produce gold will range from C$594/oz to C$948/oz depending on the year, averaging C$840/oz over that period. It is believed that the new LOM plan, while expected to produce a similar financial return, is a lower risk option as approximately 73 million tonnes, or 36% less than the previously budgeted ore and waste will be mined under this plan.
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The capital cost estimates in the new LOM plan from 2012 through 2017 total approximately C$156.8 million. The results of a financial analysis indicate that the Meadowbank mine project, from 2012 through 2017, has on a pre-tax basis a net present value of C$588 million at a discounted rate of 6%. This analysis supports the new classification of reserves, confirming that the Meadowbank operation is economically sound at current model gold prices. To reach the expected goals and provide continuous improvement, a nine-point Meadowbank Action Plan was officially put in place in the third quarter of 2011: (1) increase millfeed grade, (2) improve mine productivity, (3) increase mill tonnage, (4) improve water management, (5) better-defined roles and responsibilities, (6) better data management, (7) cost management, (8) improve maintenance systems, and (9) better personnel training. Gains have already been realized since the implementation of the action plan, and a continued focus in this direction will improve Meadowbank’s ability to operate efficiently and economically.
25.1 Risks and potential impacts The potential risks at the Meadowbank operations are in the environmental permitting field. In response, Agnico-Eagle needs to manage these risks by maintaining the necessary permits, licences, leases and authorizations that will allow for continued access to land for the purposes of mining and milling at the Meadowbank site. These are discussed in Items 4 and 26 of this report. There is always some risk that an amended water licence will contain new conditions pertaining to ongoing operations at the Meadowbank project, but the company does not see these risks as being material to the viability of ongoing mine operations. Agnico-Eagle also needs to complete the negotiation of its Production Lease with NTI covering production at the planned Vault deposit; this negotiation is well advanced and is expected to be completed in 2012.
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Item 26. Recommendations 26.1 Environmental permitting Continued access to the Meadowbank site for the purposes of mining and milling requires maintenance of the necessary permits, licences, leases and authorizations.: Agnico-Eagle will need to amend its Type A Water Licence 2AM-MEA0815 for the Meadowbank mine in 2012 to allow for increased annual water use and to allow for modifications to the proposed dewatering structures required to mine the Vault open pit. These amendments have been discussed with the Nunavut Water Board and the company is currently preparing its application. The company will need to seek a renewal of its Type A water licence from the Nunavut Water Board in 2014 to allow the Board one year to process the renewal. A well, Agnico-Eagle needs to complete the negotiation of its Production Lease with NTI covering production at the planned Vault deposit. This negotiation is well advanced and is expected to completed in 2012.
26.2 Geology The infill drilling should be continued in the Portage, Goose and Vault pits, and the diamond drill hole and blast hole assays should be combined in order to improve the short-term forecast of grades. This will increase knowledge of the geology of the deposit and help to better understand the internal mineralization trends and consequently, ways to improve the block model tonnage and gold grades. Geological mapping should be implemented in the pit. The global geological 3D model outside the actual reserve should be updated regularly to exploit the full potential of the database and the knowledge of the mine’s geological team to develop new geological ideas and potential. The C$6.7-million exploration program in 2012 including 18,000 m of diamond drilling will help to increase the geological knowledge. The level of precision of assays could probably be improved in the assay sample preparation method; more testing at the crushing and/or pulverizing stage is warranted. It is important to start monitoring the reconciliation between the production and the geological model on a monthly basis, to determine if further parameter changes in the block model are necessary.
26.3 Mining The setback distance of the Goose pit should be revised; the setback is the distance that the edge of the pit needs be away from the water-retaining dike to safely avoid pit slope failure. This revision is necessary in order to evaluate the full potential additional ounces in this pit. Investigation of the orebody at depth south of the Goose pit should be carried out to determine the potential for an underground mine. At the same time an economical study should investigate the potential to mine these deeper mineralized areas using a ramp from the open pit
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The minimum wall angle of the Portage pit should be revised based on the current understanding of the rock mass properties. In different economic conditions, this could allow for additional potential in the pit. The mining dilution/recovery could be improved by formulating a plan to match production equipment sizes with the area and size of each ore zone while ensuring continuous physical grade control in narrow ore mining areas. In order to be well positioned for mining the Vault pit, a scoping study is planned that will include optimization of capital infrastructure at Vault. To fully evaluate the mining plan for the Vault pit, the drilling coverage needs to be completed in the pit area.
26.4 Milling Metallurgical test work and gold recovery studies need to be performed to confirm the gold recovery and grinding specifications for the Vault deposit.
26.5 Economics The economics of processing marginal ore at the end of the mine life should be revised. This will require close study of the central dike construction to the correct elevation to allow adequate capacity when it is time to process the marginal ore. A full study will be required including a tailing pond extension and the relative G&A costs. Costs should be reduced in all departments in order to lower the cut-off grade for reserves. This will greatly help in designing more continuous ore zones, and more reserves will be available to be mined from the pit. Areas of potential cost savings will be identified through an action plan that is already underway. A substantial reduction in operating costs would provide an opportunity to convert additional resources to reserves.
26.6 Meadowbank Action Plan To achieve the above recommendations, the Meadowbank mine needs to continue working closely on its nine-point action plan for continuous improvement. Gains have already been realized since the action plan was implemented starting in mid-2011; a continued focus on this will provide positive gains in Meadowbank’s ability to operate more efficiently and economically. The items that will give the most benefit going forward are: (1) increase millfeed grade, (2) improve mine productivity, (3) increase mill tonnage, (4) improve water management, (5) better-defined roles and responsibilities, (6) better data management, (7) cost management, (8) improve maintenance systems, and (9) better personnel training.
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Item 27. References
Alexander, R.B., and March, R., 2002: Meadowbank Gold Project, Woodburn Lake Group, western Churchill Province, Nunavut, 2001 Update on Activities and Geology; Cumberland Resources Ltd., 14p.
Alexander, R.B., 1999, Meadowbank Gold Deposits, Nunavut, Canada, 27th Yellowknife Geoscience Forum, Program & Abstracts of Talks & Posters.
Alexander, R.B., 2000: Meadowbank Gold Deposits, Nunavut, Canada, 28th Yellowknife Geoscience Forum, Program & Abstracts of Talks & Posters.
AMEC, 2003. Baseline Hydrology Study, AMEC Earth and Environmental, December 2003 with January 2004 errata sheets.
AMEC, 2005a. Meadowbank Gold Project Hydrologic Monitoring 2004 Draft Data Report. February 2005.
AMEC, 2005b. Meadowbank Gold Project Feasibility Study Report. June 2005.
AMEC Americas Ltd., 2005a: Meadowbank Gold Project, Feasibility Study Report. Vol. 1 Report, Project No. 131395., June 27, 2005; prepared for Cumberland Resources Ltd., 2286 pages.
AMEC Americas Ltd., 2005b: Technical Report, Meadowbank Resource Estimate, Nunavut, Canada, Project No. 131368. prepared for Cumberland Resources Ltd., by Mark Pearson, March 31, 2005, 89 pages.
AMEC Americas Ltd., 2004: Technical Report, Meadowbank Resource Estimate, Nunavut, Canada, Project No. 131368; prepared for Cumberland Resources Ltd. by Steven Blower, January 29, 2004, 329 pages.
Armitage, A.E., James, R.S., Goff, S.P., 1996, Gold Mineralization in Archean banded iron formation, Third Portage Lake Area, Northwest Territories, Canada, Exploration and Mining Geology, v.5, p.1-15.
Ashton, K.A., 1981, Preliminary Report on Geological Studies of the Woodburn Lake Group Northwest of Tehek Lake, in Current Research – A, Geological Survey of Canada, Paper 1981 – A, p. 269 – 273.
Ashton, K.A., 1988: Precambrian Geology of the Southeastern Amer Lake map area (66H/1), Baker Lake, N.W.T.,: PhD. Thesis, Queens University, Kingston, ON, p. 335.
Barclay, W.A., 1997, Internal Report on Structural Geology Mapping at the Meadowbank Project, District Of Keewatin, NWT., for Cumberland Resources Ltd.
Meadowbank Mine Technical Report, February 15, 2012 167
Barclay, W.A., 2000, Internal Report on Structural Geology Investigations at the Vault, PDF, Longroot and Horace Prospects, Meadowbank Region, Nunavut, for Cumberland Resources Ltd.
Barclay, W. A., 2002, Structural Geology Investigations at the Cricket Prospect, South Vault Setting, and Southwest Pipedream Lake Area, prepared for Cumberland Resources Ltd.
Blower, S., 2004, Meadowbank Resource Estimate, NU, Canada. AMEC Americas Ltd. NI 43- 101 Technical Report, Project No. 131368.
Balog, M and P Mudry, 1990, Meadowbank Joint Venture, Geological Mineral Inventory, Vol 1, internal report for Asamera Minerals Inc.
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Appendix A – Intercepts Diamond drill hole intercepts used in the December 31, 2011 mineral resource and reserve estimate for the Meadowbank mine. Note about Rockcode: In Gems, Rockcodes represent strings of characters that uniquely identify lithologies, gold zones, overburden, air or any other components found within the limits of the block model. Those are defined and used from the beginning of the process (i.e., interpretation) to the end of the process (i.e., volumetrics and pit shell design). Each Rockcode has a set of attributes that describes the rock and how the rock is used. Please refer to Item 14 for a full description of the Rockcodes used in this Appendix.
Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-002 89011 3.98 57.66 53.67 Length46.10 1.02 1.02 2 1897.21 5551.31 5112.94 Portage-002 91046 134.00 191.70 57.70 45.60 0.15 0.15 2 1793.40 5800.16 5018.16 Portage-002 91056 3.00 39.10 36.11 35.50 0.58 0.58 2 1930.45 5551.60 5119.82 Portage-002 GTP02-02 109.67 118.26 8.59 0.00 0.00 0.00 2 1863.21 5884.44 5049.78 Portage-002 P10-13 174.57 190.79 16.23 16.23 1.81 1.81 2 1862.69 5522.75 4970.54 Portage-002 P10-14 80.60 169.30 88.70 88.70 2.88 2.40 2 1855.21 5697.35 5013.46 Portage-002 P10-15 171.88 178.90 7.02 0.00 0.00 0.00 2 1799.03 5700.27 4975.14 Portage-002 TP03-435 56.50 105.00 48.50 48.50 1.01 1.01 2 1877.47 5674.61 5066.17 Portage-002 TP03-436 43.90 67.42 23.52 23.52 0.23 0.23 2 1860.63 5725.78 5088.01 Portage-002 TP04-494 155.53 178.73 23.20 23.20 2.17 2.17 2 1847.98 5497.16 4982.58 Portage-002 TP07-689A 37.24 88.00 50.76 47.01 0.87 0.87 2 1898.82 5523.40 5076.44 Portage-002 TP07-693 95.00 103.80 8.80 8.80 0.31 0.31 2 1881.83 5524.23 5044.42 Portage-002 TP07-694 84.00 151.00 67.00 60.00 3.52 3.52 2 1867.43 5599.66 5023.45 Portage-002 TP07-695 101.89 122.29 20.41 20.41 8.88 7.58 2 1873.49 5545.58 5030.81 Portage-002 TP07-697 86.00 93.00 7.00 7.00 0.25 0.25 2 1873.85 5575.23 5051.73 Portage-002 TP07-698 106.00 207.00 101.00 101.00 1.22 1.22 2 1862.79 5620.95 4990.73 Portage-002 TP07-699 59.50 70.30 10.80 10.80 0.91 0.91 2 1896.57 5570.08 5074.21 Portage-002 TP07-700 60.40 81.00 20.60 20.60 1.51 1.51 2 1887.76 5624.27 5072.75 Portage-002 TP07-702 47.00 71.00 24.00 24.00 0.82 0.82 2 1885.98 5595.56 5079.31 Portage-002 TP07-704 6.80 82.70 75.90 34.70 1.93 1.93 2 1910.16 5523.90 5096.93 Portage-002 TP08-765A 88.00 188.40 100.40 100.40 1.17 1.17 2 1853.31 5674.36 5007.27 Portage-002 TP08-766 72.50 90.50 18.00 18.00 0.57 0.57 2 1875.35 5600.62 5058.11 Portage-002 TP08-766 114.49 127.51 13.01 13.01 0.77 0.77 2 1889.40 5600.97 5021.20 Portage-002 TP08-767 1.67 72.60 70.92 59.90 2.59 2.57 2 1917.99 5550.36 5105.13 Portage-002 TP08-769 118.51 207.00 88.49 88.49 1.86 1.86 2 1850.42 5600.87 4984.27
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-002 TP08-779 61.05 76.50 15.45 Length15.45 0.39 0.39 2 1882.21 5651.38 5083.00 Portage-002 TP08-781 5.80 73.40 67.60 60.60 0.93 0.93 2 1893.37 5549.84 5099.43 Portage-002 TP08-782 142.99 172.99 30.00 30.00 2.34 2.34 2 1868.20 5551.99 4986.29 Portage-002 TP08-785 77.40 91.09 13.70 13.70 4.31 4.31 2 1896.24 5502.11 5059.82 Portage-002 TP08-788 39.20 45.40 6.20 6.20 0.19 0.19 2 1908.60 5500.81 5097.98 Portage-002 TP08-790 2.90 69.30 66.40 23.40 0.46 0.46 2 1918.59 5525.90 5104.70 Portage-002 TP97-168 11.48 24.64 13.16 8.00 0.05 0.05 2 1877.37 5803.69 5117.61 Portage-002 TP97-170 31.43 98.43 67.00 67.00 2.12 2.12 2 1828.58 5805.21 5076.05 Portage-002 TP97-178 62.76 89.91 27.15 10.34 0.36 0.36 2 1779.04 5837.47 5066.05 Portage-002 TP97-178 111.11 132.00 20.89 0.00 0.00 0.00 2 1800.27 5837.68 5026.12 Portage-002 TP97-179 38.08 81.13 43.05 43.05 4.87 4.87 2 1841.24 5836.80 5080.77 Portage-002 TP97-180 96.17 108.11 11.94 0.00 0.00 0.00 2 1826.41 5872.01 5044.52 Portage-002 TP97-181 159.50 192.90 33.40 21.90 0.68 0.68 2 1797.27 5872.57 4979.65 Portage-002 TP97-183 75.18 124.05 48.87 31.70 0.39 0.39 2 1808.99 5806.39 5046.55 Portage-002 TP97-196 3.00 59.90 56.90 54.20 0.46 0.46 2 1871.35 5749.85 5105.94 Portage-002 TP97-199 3.00 52.79 49.79 49.79 1.30 1.30 2 1876.49 5749.96 5110.33 Portage-002 TP97-201 3.00 187.10 184.10 174.70 0.45 0.45 2 1836.04 5749.24 5047.92 Portage-002 TP97-203 26.61 49.16 22.55 22.55 4.26 4.26 2 1901.13 5650.19 5101.79 Portage-002 TP97-206 3.00 55.60 52.60 52.60 0.95 0.95 2 1892.99 5700.18 5108.95 Portage-002 TP97-208 3.00 162.40 159.40 137.50 0.81 0.81 2 1870.81 5700.12 5053.73 Portage-002 TP97-211 17.70 25.40 7.70 7.70 0.34 0.34 2 1907.36 5600.23 5115.81 Portage-002 TP97-214 36.10 58.60 22.50 20.60 0.54 0.54 2 1897.45 5675.71 5100.47 Portage-002 TP97-216 18.90 66.90 48.00 45.10 1.00 1.00 2 1888.37 5725.27 5102.76 Portage-002 TP97-217 42.20 57.00 14.80 14.80 1.30 1.30 2 1899.72 5650.41 5096.92 Portage-002 TP97-218 35.30 40.30 5.00 5.00 3.14 3.14 2 1898.97 5625.55 5106.84 Portage-002 TP98-230 63.00 157.49 94.49 94.49 1.11 1.11 2 1871.56 5675.58 5031.82 Portage-002 TP98-237 159.30 221.30 62.00 59.80 0.93 0.93 2 1846.15 5618.73 4959.14 Portage-002 TP98-243 145.52 175.12 29.60 20.38 2.49 1.85 2 1826.46 5669.38 4984.02 Portage-002 TP98-251 70.00 139.55 69.54 50.62 0.73 0.73 2 1871.11 5625.04 5038.72 Portage-002 TP98-253 46.67 170.90 124.23 116.11 0.95 0.95 2 1843.56 5725.33 5033.97 Portage-002 TP98-255 100.08 187.74 87.66 71.34 0.22 0.22 2 1803.20 5725.25 4999.55 Portage-002 TP98-256 170.15 188.83 18.68 7.95 2.58 2.58 2 1862.75 5551.22 4964.98 Portage-002 TP98-258 42.90 77.18 34.28 34.28 1.47 1.47 2 1855.88 5879.63 5082.56 Portage-002 TP98-265 43.50 62.80 19.30 19.30 1.15 1.15 2 1860.24 5840.29 5092.16 Portage-002 TP98-267 56.45 78.61 22.16 22.16 0.52 0.52 2 1881.74 5552.26 5073.38 Portage-002 TP98-269 61.38 147.86 86.48 64.35 0.48 0.48 2 1822.22 5775.02 5037.47 Portage-002 TP98-270 72.80 154.97 82.17 60.58 1.19 1.19 2 1822.66 5700.55 5029.22
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-002 TP98-271 93.30 155.83 62.53 Length62.53 0.39 0.39 2 1784.11 5774.86 5019.81 Portage-002 TP98-272 87.22 110.90 23.68 13.78 0.28 0.28 2 1868.96 5500.29 5044.38 Portage-002 TP99-326 23.10 31.90 8.80 4.20 0.11 0.11 2 1866.62 5820.67 5110.71 Portage-002 TP99-327 29.54 29.87 0.34 0.34 0.80 0.80 2 1843.13 5820.60 5108.53 Portage-002 TP99-327 31.85 84.84 52.99 52.99 1.90 1.90 2 1858.21 5821.27 5084.19 Portage-002 TP99-328 25.60 97.19 71.59 44.54 0.50 0.50 2 1837.48 5821.18 5081.92 Portage-002 TP99-330 23.45 98.00 74.55 69.20 0.56 0.56 2 1810.82 5821.06 5079.84 Portage-002 TP99-334 42.27 97.57 55.30 55.30 1.22 1.22 2 1821.93 5841.73 5071.56 Portage-002 TP99-335 23.36 75.80 52.44 43.99 0.51 0.51 2 1864.49 5801.21 5090.20 Portage-002 TP99-336 65.09 116.64 51.55 18.16 0.44 0.44 2 1808.96 5841.84 5052.48 Portage-002 TP99-338 11.65 95.74 84.09 84.09 0.50 0.50 2 1844.14 5801.60 5087.35 Portage-002 TP99-341 73.05 133.88 60.83 32.08 0.47 0.47 2 1804.74 5821.82 5040.68 Portage-002 TP99-343 58.15 87.13 28.98 28.98 0.86 0.86 2 1837.03 5774.54 5067.43 Portage-002 TP99-346 13.70 88.30 74.60 69.86 0.41 0.41 2 1847.90 5774.89 5089.02 Portage-002 TP99-351 12.71 63.42 50.71 45.37 0.63 0.63 2 1861.11 5775.51 5101.62 Portage-002 TP99-357 63.26 103.11 39.85 13.68 0.32 0.32 2 1853.36 5863.62 5063.89 Portage-002 TP99-359 38.93 63.95 25.02 0.00 0.00 0.00 2 1859.74 5862.66 5092.14 Portage-002 TP99-360 88.24 94.81 6.57 6.57 0.78 0.78 2 1832.51 5864.01 5056.60 Portage-002 TP99-365 36.72 75.00 38.28 27.53 0.31 0.31 2 1839.96 5751.67 5084.26 Portage-003 P10-14 33.00 39.00 6.00 6.00 0.34 0.34 3 1834.79 5699.68 5100.00 Portage-003 TP03-435 42.50 49.34 6.84 6.84 0.24 0.24 3 1858.90 5674.76 5095.63 Portage-003 TP07-694 61.25 74.00 12.75 12.75 0.81 0.81 3 1849.92 5600.22 5070.15 Portage-003 TP07-697 68.45 74.50 6.05 6.05 0.35 0.35 3 1866.44 5575.22 5068.17 Portage-003 TP07-699 29.50 35.20 5.70 5.70 0.25 0.25 3 1882.97 5572.61 5103.67 Portage-003 TP07-700 27.90 33.50 5.60 5.60 0.23 0.23 3 1866.85 5624.70 5106.84 Portage-003 TP07-702 20.75 26.20 5.45 5.45 0.92 0.92 3 1871.40 5598.24 5111.59 Portage-003 TP08-766 32.00 39.30 7.30 7.30 0.27 0.27 3 1858.07 5600.20 5100.57 Portage-003 TP08-779 31.59 45.98 14.39 14.39 0.45 0.45 3 1862.72 5650.82 5105.79 Portage-003 TP97-203 3.00 19.00 16.00 15.40 0.67 0.67 3 1893.85 5650.12 5127.67 Portage-003 TP97-214 12.90 25.60 12.70 12.70 2.75 2.75 3 1879.54 5675.53 5122.13 Portage-003 TP97-217 5.00 23.00 18.00 18.00 0.59 0.59 3 1877.98 5650.19 5125.11 Portage-003 TP97-218 3.00 18.10 15.10 15.10 1.25 1.25 3 1882.15 5625.38 5128.28 Portage-003 TP98-230 40.60 52.70 12.10 12.10 0.52 0.52 3 1847.87 5675.34 5090.83 Portage-003 TP98-251 36.85 45.45 8.60 8.60 1.84 1.84 3 1844.11 5624.76 5096.32 Portage-100 CON08-16 32.00 36.00 4.00 4.00 0.70 0.70 100 1200.00 7800.10 5113.00 Portage-100 CON08-17 59.00 63.00 4.00 4.00 1.31 1.31 100 1248.95 7800.96 5094.11 Portage-100 CON08-18 37.10 41.00 3.90 3.90 0.58 0.58 100 1300.00 7801.03 5107.97
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-100 CON08-22 49.00 53.00 4.00 Length4.00 0.06 0.06 100 1194.63 7846.54 5105.64 Portage-100 CON08-23 66.00 70.00 4.00 4.00 0.59 0.59 100 1241.90 7853.62 5089.02 Portage-100 NP03-480 81.06 85.26 4.20 0.00 0.00 0.00 100 1490.89 7401.48 5078.29 Portage-100 NP03-481 131.83 136.34 4.51 4.51 0.73 0.73 100 1468.70 7402.76 5032.29 Portage-100 NP03-482 142.14 147.40 5.26 5.26 1.24 1.24 100 1426.15 7397.01 5021.08 Portage-100 NP03-483 173.05 179.00 5.95 5.95 1.77 1.77 100 1385.05 7395.27 4985.52 Portage-100 NP05-572 46.62 51.25 4.63 4.63 1.21 1.21 100 1171.68 7652.04 5109.19 Portage-100 NP05-573 67.31 71.47 4.17 0.00 0.00 0.00 100 1374.77 7676.52 5099.95 Portage-100 NP05-574 77.31 81.27 3.96 2.33 0.17 0.17 100 1350.80 7676.75 5088.34 Portage-100 NP05-575 104.85 108.87 4.02 4.02 0.90 0.90 100 1214.61 7651.37 5061.77 Portage-100 NP05-576 63.50 67.89 4.38 0.00 0.00 0.00 100 1217.29 7698.81 5100.02 Portage-100 NP05-577 100.27 104.34 4.07 4.07 0.60 0.60 100 1254.30 7701.15 5059.13 Portage-100 NP05-584 107.95 112.31 4.35 4.35 0.63 0.63 100 1406.50 7625.25 5069.66 Portage-100 NP05-585 63.48 68.53 5.06 5.06 0.50 0.50 100 1239.56 7750.09 5098.77 Portage-100 NP05-586 59.93 64.17 4.24 0.00 0.00 0.00 100 1483.10 7497.66 5103.59 Portage-100 NP05-587 40.00 44.10 4.10 3.73 0.53 0.53 100 1300.90 7750.67 5117.73 Portage-100 NP05-588 118.47 136.03 17.55 13.89 1.38 1.38 100 1418.48 7500.73 5040.26 Portage-100 NP05-589 139.54 144.02 4.48 4.48 0.19 0.19 100 1349.75 7626.28 5026.64 Portage-100 NP05-590 81.55 86.55 5.00 5.00 1.24 1.24 100 1265.67 7725.68 5068.55 Portage-100 NP05-591 64.60 69.00 4.40 4.40 0.47 0.47 100 1229.03 7725.80 5096.44 Portage-100 NP05-592 123.15 127.45 4.30 2.15 0.53 0.53 100 1394.88 7598.64 5049.90 Portage-100 NP05-594 121.53 126.55 5.02 5.02 0.26 0.26 100 1398.36 7549.63 5049.23 Portage-100 NP05-595 49.82 53.95 4.13 4.13 0.66 0.66 100 1208.07 7699.86 5110.32 Portage-100 NP05-596 97.80 102.30 4.50 4.50 7.01 7.01 100 1224.93 7700.49 5073.05 Portage-100 NP05-597 95.70 100.75 5.05 5.05 0.56 0.56 100 1286.98 7701.45 5053.85 Portage-100 NP05-599 51.75 56.33 4.58 4.58 0.89 0.89 100 1236.20 7750.64 5099.52 Portage-100 NP05-600 30.37 36.34 5.97 5.97 0.60 0.60 100 1215.72 7750.86 5126.92 Portage-100 NP05-601 132.58 140.00 7.42 7.42 2.37 2.37 100 1348.19 7647.04 5043.08 Portage-100 NP05-602 103.57 107.91 4.34 4.34 0.36 0.36 100 1263.06 7652.28 5043.73 Portage-100 NP05-603 74.90 79.17 4.27 4.27 0.60 0.60 100 1192.88 7652.92 5085.87 Portage-100 NP05-604 124.00 128.50 4.50 4.50 4.39 4.39 100 1375.52 7623.28 5044.12 Portage-100 NP05-606 108.99 110.00 1.01 1.01 0.70 0.70 100 1416.86 7548.35 5064.48 Portage-100 NP06-607 94.43 98.45 4.02 3.63 0.29 0.29 100 1340.19 7682.13 5079.28 Portage-100 NP06-609 109.01 110.99 1.97 1.97 0.37 0.37 100 1275.84 7679.75 5040.84 Portage-100 NP06-615 140.08 144.25 4.17 4.17 0.81 0.81 100 1321.53 7598.34 5010.22 Portage-100 NP06-617 132.97 137.05 4.08 4.08 1.89 1.89 100 1266.00 7599.71 5016.26 Portage-100 NP06-621 58.42 62.30 3.88 3.88 0.76 0.76 100 1152.88 7600.50 5098.76
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-100 NP06-623 70.37 75.00 4.63 Length4.63 3.09 3.09 100 1468.05 7551.65 5097.21 Portage-100 NP06-628 87.91 92.89 4.99 0.00 0.00 0.00 100 1423.16 7547.54 5075.56 Portage-100 NP06-634 149.71 154.51 4.80 4.80 0.45 0.45 100 1369.89 7553.36 5005.15 Portage-100 NP06-636 164.75 167.00 2.24 0.00 0.00 0.00 100 1304.72 7557.28 4983.09 Portage-100 NP06-639 105.38 116.41 11.04 0.00 0.00 0.00 100 1432.12 7498.56 5056.05 Portage-100 NP06-641 127.77 132.41 4.64 4.64 3.71 3.71 100 1457.38 7449.99 5031.35 Portage-100 NP06-642 83.00 87.68 4.68 4.68 0.78 0.78 100 1515.35 7451.25 5079.29 Portage-100 NP06-643 195.68 199.80 4.12 4.12 0.00 0.00 100 1336.90 7397.27 4946.35 Portage-100 NP06-644 108.27 114.56 6.29 6.26 1.30 1.30 100 1479.44 7403.47 5052.59 Portage-100 NP06-645 62.69 66.87 4.18 0.00 0.00 0.00 100 1274.18 7871.04 5093.12 Portage-100 NP06-646 64.41 68.93 4.53 0.00 0.00 0.00 100 1556.31 7449.24 5097.62 Portage-100 NP06-647 187.14 189.70 2.56 0.00 0.00 0.00 100 1368.34 7448.67 4961.88 Portage-100 NP06-648 143.30 149.84 6.54 6.54 0.80 0.80 100 1385.70 7574.65 5018.31 Portage-100 NP06-649 135.94 146.42 10.48 10.48 10.67 8.93 100 1342.40 7574.91 5009.75 Portage-100 NP06-650 154.47 158.92 4.45 4.45 0.48 0.48 100 1396.07 7523.91 5010.75 Portage-100 NP06-651 155.56 162.52 6.96 6.96 0.79 0.79 100 1345.04 7522.25 4989.84 Portage-100 NP06-653 150.47 162.05 11.58 11.58 0.96 0.96 100 1388.29 7501.72 5005.50 Portage-100 NP06-656 141.00 145.10 4.10 4.10 0.86 0.86 100 1427.01 7522.63 5039.16 Portage-100 NP06-658 86.01 90.81 4.80 4.80 0.35 0.35 100 1338.80 7725.51 5083.91 Portage-100 NP06-659 79.00 86.00 7.00 7.00 0.58 0.58 100 1411.97 7625.97 5090.43 Portage-100 NP06-660 80.89 85.01 4.13 2.65 0.62 0.62 100 1452.32 7503.02 5087.93 Portage-100 NP06-661 143.00 148.00 5.00 5.00 0.77 0.77 100 1287.14 7576.09 5006.48 Portage-100 NP06-662 49.00 54.00 5.00 5.00 0.36 0.36 100 1486.68 7549.59 5105.48 Portage-100 NP06-663 70.00 74.40 4.40 4.40 0.67 0.67 100 1460.92 7524.00 5087.76 Portage-100 NP06-665 58.00 63.01 5.00 5.00 1.23 1.23 100 1436.32 7599.79 5105.30 Portage-100 NP06-666 55.62 59.73 4.11 4.11 0.64 0.64 100 1561.66 7450.14 5099.11 Portage-100 NP06-667 59.67 65.27 5.60 5.60 3.56 3.56 100 1521.06 7400.23 5100.24 Portage-100 NP06-668 50.82 58.22 7.40 7.40 2.49 2.49 100 1552.77 7398.53 5108.59 Portage-100 NP06-669 50.30 54.45 4.15 4.15 1.10 1.10 100 1500.01 7501.47 5104.59 Portage-100 NP07-741 68.99 74.00 5.00 5.00 0.83 0.83 100 1149.94 7575.83 5080.07 Portage-100 NP07-742 27.14 32.15 5.01 1.46 0.00 0.00 100 1149.84 7665.35 5126.11 Portage-100 NP07-744 82.23 87.79 5.56 0.00 0.00 0.00 100 1160.88 7576.99 5073.25 Portage-100 NP96-142 119.58 123.53 3.94 3.79 0.22 0.22 100 1523.20 7351.04 5063.68 Portage-100 NP96-143 40.96 52.64 11.67 2.00 0.08 0.08 100 1159.63 7653.90 5116.76 Portage-100 NP96-144 106.41 111.03 4.61 0.00 0.00 0.00 100 1361.50 7652.21 5059.34 Portage-100 NP96-145 86.00 90.67 4.67 3.00 0.41 0.41 100 1348.72 7694.61 5087.53 Portage-100 NP96-146 27.99 34.38 6.39 3.00 0.94 0.94 100 1187.16 7754.39 5133.49
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-100 NP97-192 204.64 208.90 4.26 Length3.80 0.01 0.01 100 1297.39 7449.12 4932.45 Portage-100 NP98-297 142.26 146.78 4.52 4.52 3.41 3.41 100 1445.55 7450.76 5018.62 Portage-100 NP98-302 139.29 143.96 4.67 4.67 1.84 1.84 100 1321.75 7650.90 5026.03 Portage-100 NP99-366 27.00 31.50 4.50 4.50 0.63 0.63 100 1390.08 7700.66 5129.55 Portage-100 NP99-368 100.75 102.00 1.24 0.00 0.00 0.00 100 1325.89 7702.28 5063.84 Portage-100 P11-18 110.00 111.00 1.00 1.00 0.40 0.40 100 1401.11 7476.80 5011.67 Portage-100 P11-19 97.00 105.00 8.00 8.00 9.90 9.90 100 1424.98 7475.00 5021.22 Portage-100 P11-20 85.00 89.50 4.50 4.50 0.27 0.27 100 1449.90 7474.55 5035.19 Portage-100 P11-21 59.50 65.00 5.50 5.50 1.23 1.23 100 1475.66 7476.04 5060.20 Portage-100 P11-25 109.00 113.50 4.50 4.50 0.06 0.06 100 1426.71 7425.94 5011.24 Portage-100 P11-26 94.40 99.00 4.60 4.60 0.93 0.93 100 1450.40 7425.33 5025.82 Portage-100 P11-27 65.30 70.80 5.50 5.50 8.08 8.08 100 1476.44 7424.79 5054.55 Portage-100 P11-28 54.50 57.00 2.50 2.50 2.22 2.22 100 1500.54 7423.95 5067.27 Portage-100 P11-29 24.00 28.70 4.70 4.70 0.81 0.81 100 1550.00 7425.00 5103.65 Portage-100 P11-30 9.00 14.00 5.00 5.00 2.41 2.41 100 1580.08 7400.00 5118.39 Portage-110 89001 43.28 102.99 59.71 45.79 1.49 1.49 110 1959.14 6122.27 5089.93 Portage-110 89002 48.81 56.00 7.19 7.19 3.40 3.40 110 1938.16 6107.57 5096.00 Portage-110 89003 5.30 83.50 78.20 63.20 2.73 2.73 110 1911.95 6190.76 5110.87 Portage-110 89004 5.00 82.00 77.00 59.30 1.48 1.48 110 1900.90 6179.07 5101.91 Portage-110 89005 31.67 99.00 67.33 60.33 6.21 2.03 110 1935.44 6155.84 5095.74 Portage-110 89006 37.25 89.00 51.75 44.80 1.26 1.26 110 1920.72 6145.65 5086.74 Portage-110 89007 19.20 87.20 68.00 68.00 2.19 2.19 110 1840.89 6228.39 5101.16 Portage-110 89008 51.50 90.50 39.00 37.20 1.73 1.73 110 1886.68 6163.45 5072.98 Portage-110 89009 27.85 92.95 65.10 65.10 1.57 1.57 110 1876.82 6200.03 5096.28 Portage-110 89010 10.31 47.00 36.69 36.69 7.21 7.21 110 1819.52 6333.02 5119.10 Portage-110 89012 73.77 117.80 44.03 30.20 3.45 3.45 110 1969.24 6092.34 5070.16 Portage-110 89013 14.00 54.50 40.50 32.60 3.74 3.74 110 2064.61 5995.59 5117.41 Portage-110 90014 75.70 100.68 24.98 23.48 2.87 2.87 110 2059.51 5960.28 5079.39 Portage-110 90015 13.00 48.81 35.81 35.81 3.21 3.21 110 1796.71 6361.63 5112.32 Portage-110 90016 43.25 43.52 0.27 0.00 0.00 0.00 110 1989.65 6062.20 5110.75 Portage-110 90016 66.20 89.20 23.00 23.00 4.27 4.27 110 2009.72 6076.25 5086.73 Portage-110 90016 89.20 91.35 2.15 2.15 0.04 0.04 110 2016.97 6081.33 5077.80 Portage-110 90017 71.72 112.10 40.38 40.38 5.18 5.18 110 2019.09 6038.11 5076.58 Portage-110 90018 73.60 114.45 40.85 40.85 2.77 2.77 110 1970.54 6003.78 5046.52 Portage-110 90019 62.90 74.02 11.12 11.12 1.87 1.87 110 2054.06 6000.00 5090.85 Portage-110 90020 36.00 78.25 42.25 41.25 3.30 3.30 110 1818.66 6215.26 5089.61 Portage-110 90021 16.00 87.88 71.88 71.88 5.47 2.46 110 1825.49 6242.78 5101.26
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 90022 14.39 53.00 38.61 Length38.61 1.08 1.08 110 1797.79 6283.28 5110.23 Portage-110 90023 16.00 51.60 35.60 35.60 3.33 3.33 110 1795.59 6323.68 5110.64 Portage-110 90024 5.01 10.01 5.00 5.00 6.02 6.02 110 1960.06 6063.89 5136.26 Portage-110 90024 27.00 38.70 11.71 11.71 3.62 3.62 110 1974.85 6074.24 5118.47 Portage-110 90024 44.27 87.00 42.73 21.20 2.59 2.59 110 1994.00 6087.65 5095.50 Portage-110 90025 66.24 69.66 3.42 3.42 6.88 6.88 110 2016.98 6059.36 5094.66 Portage-110 90025 70.41 90.70 20.29 20.29 2.32 2.32 110 2024.54 6064.65 5086.08 Portage-110 90026 46.08 66.70 20.62 20.62 5.76 5.76 110 2091.49 5920.34 5102.04 Portage-110 90027 7.50 68.40 60.90 60.90 2.49 2.49 110 2049.88 6034.66 5115.12 Portage-110 90028 5.78 76.00 70.22 61.25 1.97 1.97 110 1958.47 6141.81 5113.18 Portage-110 90029 21.30 40.88 19.58 19.58 1.67 1.67 110 1758.14 6263.38 5105.37 Portage-110 90030 17.85 43.16 25.31 25.31 2.44 2.44 110 1762.79 6303.88 5105.73 Portage-110 90031 8.57 9.14 0.57 0.57 0.09 0.09 110 1807.80 6323.48 5132.27 Portage-110 90031 9.14 42.00 32.86 32.86 4.71 4.71 110 1817.55 6323.48 5118.70 Portage-110 90032 17.76 50.66 32.90 32.90 2.48 2.48 110 1777.69 6323.78 5108.00 Portage-110 90033 71.10 95.50 24.40 24.40 3.97 3.97 110 2042.32 6054.03 5083.09 Portage-110 90034 7.50 74.70 67.20 67.19 6.35 6.35 110 2036.05 6049.65 5113.69 Portage-110 90035 133.71 141.23 7.52 7.52 2.35 2.35 110 1903.10 5967.65 5000.56 Portage-110 90036 72.70 101.00 28.30 28.30 3.45 3.45 110 1986.04 6063.45 5078.38 Portage-110 90037 2.30 54.10 51.80 51.80 1.04 1.04 110 2046.14 6056.23 5122.25 Portage-110 90038 2.48 75.36 72.88 65.88 2.97 2.71 110 1883.89 6212.16 5114.28 Portage-110 90039 11.00 54.20 43.20 43.20 3.18 3.18 110 1819.34 6281.87 5112.78 Portage-110 90040 72.15 109.70 37.55 37.55 1.97 1.97 110 1531.18 7120.34 5069.92 Portage-110 91041 30.00 46.70 16.70 16.70 2.97 2.97 110 2076.34 5958.88 5114.17 Portage-110 91042 97.50 110.00 12.50 12.50 3.00 3.00 110 2075.46 5920.35 5069.20 Portage-110 91043 47.00 61.25 14.25 14.25 3.92 3.92 110 2081.44 5800.15 5100.84 Portage-110 91044 108.80 122.50 13.70 13.70 4.17 4.17 110 2042.06 5800.02 5036.84 Portage-110 91047 150.30 163.00 12.70 12.70 2.11 2.11 110 1772.98 6065.60 5027.83 Portage-110 91048 132.00 137.50 5.50 5.50 0.17 0.17 110 1665.81 6400.00 5025.52 Portage-110 91056 193.60 198.07 4.47 4.47 0.06 0.06 110 2049.82 5551.60 4992.26 Portage-110 91058 3.01 10.20 7.19 6.70 0.80 0.80 110 1838.12 6461.88 5128.56 Portage-110 91060 7.50 34.70 27.20 27.20 0.80 0.80 110 1798.54 6460.96 5115.91 Portage-110 91061 12.00 63.80 51.80 42.90 2.10 2.10 110 1770.78 6461.60 5101.42 Portage-110 89002A 49.01 104.00 54.99 54.99 2.63 2.63 110 1945.59 6112.77 5073.69 Portage-110 CON08-16 21.00 25.00 4.00 4.00 0.31 0.31 110 1200.00 7800.05 5124.00 Portage-110 CON08-17 38.00 42.00 4.00 4.00 0.33 0.33 110 1248.95 7800.74 5115.11 Portage-110 CON08-18 28.80 32.80 4.00 2.00 0.25 0.25 110 1300.00 7800.78 5116.21
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 CON08-22 25.00 29.00 4.00 Length4.00 0.15 0.15 110 1194.63 7846.34 5129.64 Portage-110 CON08-23 42.00 46.00 4.00 4.00 0.16 0.16 110 1241.90 7852.97 5113.01 Portage-110 DDH-1801 6.37 17.00 10.63 10.63 2.54 2.54 110 1914.79 6145.58 5130.72 Portage-110 DDH-1801A 8.72 60.00 51.28 51.28 2.73 2.73 110 1928.57 6157.77 5117.90 Portage-110 DDH-1802 0.72 18.70 17.98 15.70 1.86 1.86 110 1917.90 6148.84 5133.32 Portage-110 DDH-1803 1.82 19.00 17.18 16.00 5.05 5.05 110 1924.23 6152.18 5133.78 Portage-110 DDH-1804 1.57 19.10 17.53 17.10 2.55 2.55 110 1924.23 6155.56 5133.86 Portage-110 DDH-1805 1.57 22.80 21.23 18.30 1.59 1.59 110 1924.23 6155.56 5132.01 Portage-110 DDH-1806 3.78 21.70 17.92 17.50 1.31 1.31 110 1930.49 6161.81 5133.87 Portage-110 DDH-1807 3.90 21.80 17.90 17.90 6.69 6.69 110 1933.68 6165.27 5134.00 Portage-110 DDH-1808 3.87 22.80 18.93 18.70 6.85 6.85 110 1937.07 6168.70 5133.84 Portage-110 DDH-1808B 0.00 32.86 32.86 27.86 1.86 1.86 110 1944.87 6177.43 5130.50 Portage-110 DDH-1809 3.88 22.90 19.02 19.02 2.22 2.22 110 1940.45 6172.34 5134.21 Portage-110 DDH-1810 3.09 22.80 19.71 19.20 1.64 1.64 110 1943.89 6175.96 5134.66 Portage-110 DDH-1812 2.84 24.00 21.16 21.00 0.96 0.96 110 1947.44 6179.78 5134.76 Portage-110 DDH-1813 3.31 24.00 20.69 20.69 2.34 2.34 110 1954.51 6187.30 5135.31 Portage-110 DDH-1814 3.86 5.17 1.32 1.17 0.01 0.01 110 1958.02 6191.08 5144.78 Portage-110 G97-169 187.22 194.22 7.00 7.00 0.37 0.37 110 1982.88 5400.74 4962.82 Portage-110 G98-259 390.11 392.99 2.89 0.00 0.00 0.00 110 1911.62 5401.20 4777.02 Portage-110 GNP02-01 56.87 84.31 27.44 23.12 1.89 1.89 110 1543.66 7002.38 5077.78 Portage-110 GNP02-03 40.18 61.86 21.68 14.90 1.06 1.06 110 1570.31 7241.06 5107.90 Portage-110 GTP02-01 33.80 33.88 0.08 0.08 1.49 1.49 110 1750.02 6265.71 5111.97 Portage-110 GTP02-01 40.28 94.00 53.73 33.22 1.85 1.85 110 1728.36 6267.73 5086.76 Portage-110 NP02-385 25.75 38.50 12.75 12.75 7.25 5.08 110 1771.62 6599.18 5101.31 Portage-110 NP02-386 27.30 69.00 41.70 41.70 0.68 0.68 110 1692.18 6749.21 5086.16 Portage-110 NP02-387 31.25 52.82 21.57 21.57 4.94 4.94 110 1615.37 6824.33 5091.70 Portage-110 NP02-390 30.90 62.20 31.30 31.30 2.59 2.59 110 1750.24 6649.75 5086.97 Portage-110 NP02-391 33.60 60.42 26.82 16.52 0.63 0.63 110 1695.06 6650.18 5086.17 Portage-110 NP02-392 66.70 73.45 6.75 6.75 0.72 0.72 110 1654.70 6647.46 5064.80 Portage-110 NP02-393 48.88 70.60 21.72 21.72 0.79 0.79 110 1690.38 6598.16 5073.98 Portage-110 NP02-397 34.25 57.05 22.80 22.80 13.78 7.66 110 1606.34 6865.02 5089.08 Portage-110 NP02-398 94.10 102.25 8.15 8.15 0.41 0.41 110 1571.06 6865.04 5038.65 Portage-110 NP02-399 35.41 56.29 20.88 20.88 1.71 1.71 110 1666.12 6824.97 5088.52 Portage-110 NP02-400 29.17 53.77 24.60 24.60 2.03 2.03 110 1623.90 6941.06 5094.09 Portage-110 NP02-401 49.56 69.30 19.74 19.74 0.68 0.68 110 1569.93 6939.10 5078.79 Portage-110 NP02-404 21.58 35.47 13.89 13.89 0.91 0.91 110 1796.03 6600.05 5105.52 Portage-110 NP02-406 35.90 47.05 11.15 11.15 1.23 1.23 110 1654.38 6864.67 5092.88
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 NP02-407 26.98 63.00 36.02 Length36.02 1.86 1.29 110 1705.68 6865.53 5090.41 Portage-110 NP02-408 42.95 66.97 24.02 24.02 0.80 0.80 110 1691.91 6824.53 5079.63 Portage-110 NP02-409 42.00 59.00 17.00 17.00 2.02 2.02 110 1717.97 6825.91 5084.03 Portage-110 NP02-410 29.59 67.92 38.33 38.33 0.60 0.60 110 1720.06 6700.46 5085.83 Portage-110 NP02-411 25.80 57.56 31.76 31.76 0.83 0.83 110 1743.55 6699.69 5092.52 Portage-110 NP02-412 26.80 46.30 19.50 13.85 1.13 1.13 110 1772.02 6700.74 5099.44 Portage-110 NP02-413 31.55 55.10 23.55 23.55 1.94 1.94 110 1640.36 6790.21 5091.42 Portage-110 NP02-414 48.03 71.25 23.22 23.22 2.27 2.27 110 1694.10 6790.60 5075.61 Portage-110 NP02-415 32.00 37.77 5.77 5.77 2.66 2.66 110 1772.85 6649.45 5098.98 Portage-110 NP02-416 74.17 102.00 27.83 27.83 1.27 1.27 110 1512.64 7075.34 5062.17 Portage-110 NP02-417 68.45 90.20 21.75 21.75 1.27 1.27 110 1532.23 6978.74 5060.32 Portage-110 NP02-418 37.00 51.04 14.04 14.04 0.72 0.72 110 1744.38 6824.95 5090.75 Portage-110 NP02-419 19.46 31.44 11.98 11.98 1.01 1.01 110 1751.72 6864.89 5108.30 Portage-110 NP02-420 34.74 60.94 26.20 26.20 1.33 1.33 110 1690.90 6900.84 5087.51 Portage-110 NP02-421 30.28 54.30 24.02 13.43 0.69 0.69 110 1662.01 6980.75 5103.18 Portage-110 NP02-422 33.43 56.52 23.09 23.09 0.90 0.90 110 1612.52 7001.12 5094.92 Portage-110 NP02-423 31.85 61.70 29.85 12.42 0.35 0.35 110 1628.97 7074.04 5099.38 Portage-110 NP02-424 27.25 71.00 43.75 36.37 0.70 0.70 110 1578.29 7074.68 5095.13 Portage-110 NP02-425 43.84 80.52 36.68 36.68 1.11 1.11 110 1547.88 7074.34 5079.34 Portage-110 NP02-426 31.16 78.30 47.14 44.66 1.59 1.59 110 1548.30 7101.02 5088.72 Portage-110 NP02-427 57.94 90.24 32.30 23.80 1.74 1.74 110 1511.67 7099.29 5064.89 Portage-110 NP02-428 42.05 90.10 48.05 48.05 1.28 1.28 110 1535.24 7152.75 5082.36 Portage-110 NP02-429 72.38 108.83 36.45 36.45 1.20 1.20 110 1493.36 7151.34 5056.35 Portage-110 NP02-430 25.45 72.35 46.90 24.62 0.26 0.26 110 1574.66 7174.20 5103.96 Portage-110 NP02-431 41.35 72.80 31.45 26.87 1.23 1.23 110 1548.29 7275.72 5095.22 Portage-110 NP02-432 120.38 141.05 20.68 20.68 1.80 1.80 110 1428.05 7276.22 5020.79 Portage-110 NP02-433 105.35 128.35 23.00 19.80 4.85 2.29 110 1449.49 7313.25 5039.46 Portage-110 NP02-434 92.48 111.00 18.52 18.52 0.54 0.54 110 1494.63 7314.84 5054.82 Portage-110 NP03-445 39.70 64.00 24.30 24.30 2.98 2.98 110 1681.54 6699.00 5083.36 Portage-110 NP03-446 55.10 63.20 8.10 8.10 0.83 0.83 110 1662.69 6706.58 5077.02 Portage-110 NP03-447 122.83 130.00 7.17 7.17 1.53 1.53 110 1601.82 6696.45 5018.79 Portage-110 NP03-454 28.35 57.05 28.70 28.70 1.19 1.19 110 1730.50 6749.74 5092.03 Portage-110 NP03-458 37.72 57.15 19.43 19.43 0.97 0.97 110 1731.63 6789.39 5087.46 Portage-110 NP03-460 81.27 97.04 15.77 15.77 1.24 1.24 110 1608.88 6790.09 5048.76 Portage-110 NP03-480 67.80 71.99 4.19 3.10 0.09 0.09 110 1484.36 7401.28 5089.84 Portage-110 NP03-481 110.15 118.52 8.37 8.37 3.23 3.23 110 1458.75 7402.39 5049.34 Portage-110 NP03-482 132.29 136.37 4.08 4.08 1.55 1.55 110 1420.75 7397.21 5030.01
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 NP03-483 160.57 166.00 5.43 Length5.43 4.15 4.15 110 1379.11 7395.60 4996.79 Portage-110 NP03-484 149.32 156.57 7.25 7.25 1.05 1.05 110 1409.77 7309.48 5001.64 Portage-110 NP05-571 53.89 58.53 4.64 3.15 0.56 0.56 110 1355.59 7650.24 5105.92 Portage-110 NP05-572 25.50 29.83 4.33 4.33 1.47 1.47 110 1183.61 7651.17 5126.78 Portage-110 NP05-573 44.53 48.53 4.00 3.08 0.62 0.62 110 1360.70 7676.10 5117.96 Portage-110 NP05-574 52.20 56.25 4.04 3.20 0.28 0.28 110 1335.81 7676.04 5108.42 Portage-110 NP05-575 81.20 85.30 4.10 4.10 9.32 9.32 110 1228.01 7651.04 5081.20 Portage-110 NP05-576 44.50 49.07 4.57 4.10 1.07 1.07 110 1228.87 7699.13 5114.97 Portage-110 NP05-577 86.98 92.00 5.02 5.02 3.08 3.08 110 1259.33 7701.02 5070.91 Portage-110 NP05-584 70.28 76.07 5.80 5.80 0.22 0.22 110 1382.08 7625.15 5097.40 Portage-110 NP05-585 40.53 45.11 4.58 4.58 0.85 0.85 110 1252.68 7750.06 5117.88 Portage-110 NP05-586 28.56 39.00 10.44 10.44 1.10 1.10 110 1467.28 7498.71 5126.99 Portage-110 NP05-587 22.77 27.10 4.33 4.33 1.68 1.68 110 1292.30 7750.44 5132.53 Portage-110 NP05-588 101.32 110.62 9.30 9.30 4.73 4.73 110 1407.60 7500.60 5058.54 Portage-110 NP05-589 117.60 122.89 5.29 5.29 5.18 5.18 110 1339.09 7626.07 5045.35 Portage-110 NP05-590 58.30 62.90 4.60 4.60 0.43 0.43 110 1265.67 7725.56 5092.00 Portage-110 NP05-591 47.88 52.00 4.12 4.12 0.67 0.67 110 1238.26 7725.64 5110.55 Portage-110 NP05-592 81.01 86.71 5.70 5.69 0.05 0.05 110 1370.53 7599.05 5083.42 Portage-110 NP05-593 46.62 51.05 4.43 4.43 0.54 0.54 110 1385.64 7599.12 5113.19 Portage-110 NP05-594 99.00 104.00 5.00 5.00 3.00 3.00 110 1385.11 7549.69 5067.47 Portage-110 NP05-595 30.00 34.50 4.50 4.50 0.97 0.97 110 1219.92 7699.92 5125.97 Portage-110 NP05-596 74.55 78.80 4.25 4.25 4.50 4.50 110 1239.26 7700.34 5091.52 Portage-110 NP05-597 74.40 80.95 6.55 6.55 0.82 0.82 110 1286.98 7701.09 5074.40 Portage-110 NP05-598 52.39 57.23 4.85 4.82 0.13 0.13 110 1330.15 7698.20 5107.67 Portage-110 NP05-599 22.34 28.42 6.08 6.08 0.12 0.12 110 1236.20 7750.14 5128.17 Portage-110 NP05-600 14.00 18.78 4.78 2.77 1.88 1.88 110 1225.62 7750.39 5140.68 Portage-110 NP05-601 106.65 111.38 4.73 4.73 0.33 0.33 110 1331.27 7647.64 5064.46 Portage-110 NP05-602 93.12 97.43 4.31 4.31 0.95 0.95 110 1263.06 7651.96 5054.19 Portage-110 NP05-603 48.44 57.72 9.28 9.28 4.64 4.64 110 1205.90 7652.07 5105.96 Portage-110 NP05-604 113.84 118.91 5.07 5.07 0.89 0.89 110 1370.78 7623.37 5052.78 Portage-110 NP05-605 124.93 129.74 4.81 4.81 1.15 1.15 110 1361.04 7594.99 5043.38 Portage-110 NP05-606 89.29 93.57 4.28 4.28 2.51 2.51 110 1405.51 7548.60 5078.53 Portage-110 NP06-607 71.43 75.71 4.28 4.28 0.15 0.15 110 1325.03 7680.47 5096.30 Portage-110 NP06-609 97.56 102.35 4.79 4.79 0.65 0.65 110 1275.84 7679.55 5050.88 Portage-110 NP06-611 55.46 60.01 4.55 4.55 0.85 0.85 110 1228.49 7676.32 5105.61 Portage-110 NP06-613 75.00 79.50 4.50 4.50 0.44 0.44 110 1206.38 7625.82 5088.90 Portage-110 NP06-614 95.06 99.00 3.94 3.00 0.13 0.13 110 1252.48 7624.81 5051.86
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 NP06-615 133.38 137.80 4.42 Length4.42 8.15 8.15 110 1320.15 7598.41 5016.65 Portage-110 NP06-617 102.00 107.00 5.00 5.00 0.38 0.38 110 1271.39 7599.58 5046.29 Portage-110 NP06-619 77.68 82.51 4.83 2.54 1.02 1.02 110 1230.21 7602.77 5076.77 Portage-110 NP06-620 61.81 66.01 4.20 1.00 0.00 0.00 110 1199.65 7606.45 5095.71 Portage-110 NP06-621 40.92 45.88 4.96 4.96 1.60 1.60 110 1162.14 7600.37 5112.96 Portage-110 NP06-623 34.31 39.52 5.21 5.21 8.27 8.27 110 1447.73 7550.85 5126.63 Portage-110 NP06-626 134.81 139.95 5.14 5.14 1.61 1.61 110 1255.08 7554.46 5014.57 Portage-110 NP06-628 60.90 65.83 4.93 4.93 2.67 2.67 110 1408.85 7548.25 5098.49 Portage-110 NP06-634 113.25 134.05 20.80 20.80 5.61 5.61 110 1360.78 7552.67 5032.09 Portage-110 NP06-636 142.50 146.53 4.03 4.03 0.86 0.86 110 1306.59 7556.19 5004.34 Portage-110 NP06-639 84.88 89.95 5.07 5.07 3.04 3.04 110 1419.11 7498.86 5075.59 Portage-110 NP06-641 107.49 111.73 4.24 4.24 0.89 0.89 110 1449.05 7449.95 5050.06 Portage-110 NP06-642 42.10 48.00 5.90 5.90 1.53 1.53 110 1497.08 7452.06 5115.19 Portage-110 NP06-643 186.69 191.22 4.53 4.53 0.05 0.05 110 1335.17 7397.38 4954.96 Portage-110 NP06-644 89.41 94.18 4.78 4.76 0.11 0.11 110 1470.16 7402.95 5069.86 Portage-110 NP06-646 21.70 26.28 4.58 4.58 2.03 2.03 110 1536.86 7449.47 5135.61 Portage-110 NP06-647 151.74 156.05 4.31 4.31 0.50 0.50 110 1357.87 7448.86 4994.77 Portage-110 NP06-648 116.20 121.20 5.00 5.00 11.07 11.07 110 1373.08 7574.74 5043.16 Portage-110 NP06-649 121.60 131.78 10.18 10.18 3.96 3.96 110 1340.11 7574.94 5024.06 Portage-110 NP06-650 122.80 136.19 13.39 13.39 5.43 5.43 110 1383.52 7524.14 5034.86 Portage-110 NP06-651 142.54 152.64 10.10 10.10 0.94 0.94 110 1343.34 7522.46 5001.16 Portage-110 NP06-652 85.12 88.03 2.90 2.44 0.49 0.49 110 1385.97 7577.14 5081.19 Portage-110 NP06-653 129.78 139.61 9.83 9.83 2.47 2.47 110 1377.73 7501.51 5024.30 Portage-110 NP06-654 161.47 166.17 4.70 4.70 0.53 0.53 110 1312.57 7501.01 4978.05 Portage-110 NP06-655 55.88 60.96 5.08 5.08 0.80 0.80 110 1399.43 7575.14 5105.98 Portage-110 NP06-656 118.00 126.00 8.00 8.00 1.01 1.01 110 1413.81 7522.99 5055.55 Portage-110 NP06-657 88.26 92.99 4.73 4.73 1.00 1.00 110 1420.27 7527.15 5080.52 Portage-110 NP06-658 50.72 55.37 4.65 4.65 0.91 0.91 110 1317.31 7725.34 5111.98 Portage-110 NP06-659 41.00 47.00 6.00 6.00 3.54 3.54 110 1387.39 7625.56 5120.05 Portage-110 NP06-660 52.36 56.60 4.24 4.24 0.90 0.90 110 1434.90 7502.02 5110.42 Portage-110 NP06-661 126.00 130.00 4.00 4.00 0.69 0.69 110 1290.51 7575.95 5023.65 Portage-110 NP06-663 35.00 39.97 4.97 4.97 0.96 0.96 110 1449.32 7524.05 5120.48 Portage-110 NP06-664 57.70 62.76 5.06 5.06 1.62 1.62 110 1423.18 7521.93 5101.78 Portage-110 NP06-665 15.35 27.00 11.65 11.65 1.75 1.75 110 1413.87 7599.97 5137.59 Portage-110 NP06-666 10.08 15.00 4.92 4.92 0.43 0.43 110 1561.66 7449.34 5144.24 Portage-110 NP06-667 51.32 55.55 4.23 3.00 0.11 0.11 110 1516.18 7400.20 5107.85 Portage-110 NP06-668 38.90 44.00 5.10 5.10 1.25 1.25 110 1545.80 7398.87 5119.64
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 NP06-669 3.46 22.00 18.54 Length18.54 0.79 0.79 110 1500.01 7500.10 5144.21 Portage-110 NP07-711 33.50 57.00 23.50 23.50 0.54 0.54 110 1739.07 6673.97 5086.54 Portage-110 NP07-714 101.60 107.00 5.40 5.40 0.00 0.00 110 1472.64 7077.00 5046.20 Portage-110 NP07-717A 86.51 118.20 31.69 31.69 0.17 0.17 110 1472.84 7023.72 5036.52 Portage-110 NP07-722A 45.70 55.00 9.30 9.30 2.92 2.92 110 1659.98 6724.32 5082.95 Portage-110 NP07-723 46.00 62.00 16.00 16.00 2.69 2.69 110 1557.86 6976.93 5079.51 Portage-110 NP07-724 49.50 74.99 25.49 25.49 1.87 1.87 110 1558.19 6919.71 5070.98 Portage-110 NP07-727A 23.70 36.50 12.80 12.80 0.35 0.35 110 1640.79 7100.36 5113.93 Portage-110 NP07-728 28.60 46.00 17.40 17.40 1.56 1.56 110 1708.20 7074.87 5112.41 Portage-110 NP07-729 31.70 54.90 23.20 23.20 2.26 2.26 110 1611.25 7099.49 5101.58 Portage-110 NP07-730 36.50 47.00 10.50 10.50 0.40 0.40 110 1670.20 7074.67 5103.93 Portage-110 NP07-731 77.00 97.51 20.50 20.50 2.04 2.04 110 1464.16 7093.74 5048.13 Portage-110 NP07-733 126.09 129.96 3.86 3.86 0.02 0.02 110 1452.65 7128.72 5007.05 Portage-110 NP07-734 95.20 102.60 7.40 7.40 10.18 10.18 110 1453.52 7148.59 5040.28 Portage-110 NP07-736 120.50 129.98 9.47 9.47 0.17 0.17 110 1462.79 7197.17 5026.79 Portage-110 NP07-738 137.01 145.01 8.00 7.99 1.03 1.03 110 1424.74 7246.75 5011.06 Portage-110 NP07-741 50.90 55.50 4.60 4.60 0.09 0.09 110 1149.96 7569.24 5097.14 Portage-110 NP07-742 12.04 15.56 3.52 0.16 0.00 0.00 110 1149.88 7660.01 5141.03 Portage-110 NP07-744 70.00 75.70 5.70 5.70 0.97 0.97 110 1166.59 7576.69 5083.99 Portage-110 NP07-745 116.50 121.00 4.50 4.50 0.38 0.38 110 1218.57 7550.00 5033.63 Portage-110 NP96-139 91.45 115.00 23.55 18.02 2.48 2.48 110 1488.77 7125.89 5049.29 Portage-110 NP96-140 37.00 92.00 55.00 45.00 0.63 0.63 110 1563.48 7125.25 5093.60 Portage-110 NP96-141 79.00 84.40 5.40 5.40 1.17 1.17 110 1554.14 7351.13 5094.04 Portage-110 NP96-142 105.00 113.00 8.00 8.00 1.00 1.00 110 1514.23 7350.95 5072.47 Portage-110 NP96-143 16.93 26.98 10.05 6.39 0.35 0.35 110 1144.24 7653.74 5136.25 Portage-110 NP96-144 62.02 66.52 4.50 2.98 1.24 1.24 110 1337.49 7651.97 5096.74 Portage-110 NP96-145 57.26 61.73 4.47 0.00 0.00 0.00 110 1334.44 7680.05 5107.92 Portage-110 NP96-147 55.00 108.00 53.00 50.00 1.33 1.33 110 1532.12 7176.68 5082.60 Portage-110 NP96-148 93.00 106.00 13.00 13.00 3.33 3.33 110 1481.12 7175.58 5055.60 Portage-110 NP96-149 65.00 96.50 31.50 31.50 1.40 1.40 110 1523.57 7226.47 5085.05 Portage-110 NP96-150 79.00 97.50 18.50 18.50 3.12 3.12 110 1485.79 7225.90 5067.66 Portage-110 NP96-158 166.00 175.98 9.98 9.98 0.73 0.73 110 1454.32 7176.16 4981.24 Portage-110 NP96-159 105.80 121.80 16.00 16.00 3.57 3.57 110 1441.77 7226.50 5036.06 Portage-110 NP97-173 115.05 133.60 18.55 18.55 1.47 1.47 110 1591.20 6751.19 5008.25 Portage-110 NP97-175 53.81 83.81 30.00 30.00 1.11 1.11 110 1560.82 7025.56 5080.41 Portage-110 NP97-176 82.95 105.95 23.00 23.00 2.32 2.32 110 1508.55 7025.41 5052.51 Portage-110 NP98-241 47.71 54.11 6.40 6.39 1.00 1.00 110 1641.61 6749.43 5082.00
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 NP98-247 36.30 67.73 31.43 Length31.43 1.66 1.66 110 1580.39 6899.69 5081.03 Portage-110 NP98-252 35.90 59.00 23.10 23.10 0.59 0.59 110 1631.53 6899.73 5085.68 Portage-110 NP98-254 93.51 104.20 10.69 10.69 4.16 4.16 110 1577.25 6824.89 5033.91 Portage-110 NP98-262 76.58 90.52 13.94 13.94 1.69 1.69 110 1653.22 6599.78 5054.46 Portage-110 NP98-264 33.54 71.70 38.16 38.16 1.77 1.77 110 1735.34 6599.94 5080.86 Portage-110 NP98-274 120.52 127.64 7.12 7.12 1.40 1.40 110 1475.22 7351.16 5056.66 Portage-110 NP98-276 139.43 153.00 13.57 13.57 1.26 1.26 110 1415.26 7351.26 5018.73 Portage-110 NP98-295 141.68 146.50 4.82 4.82 5.57 5.57 110 1398.35 7450.53 5016.71 Portage-110 NP98-297 117.48 126.67 9.19 9.19 2.49 2.49 110 1435.23 7450.66 5038.55 Portage-110 NP98-302 117.75 121.95 4.20 4.20 0.15 0.15 110 1310.85 7650.79 5044.87 Portage-110 NP98-304 39.76 84.25 44.49 18.41 0.86 0.86 110 1607.87 7125.22 5095.69 Portage-110 NP98-305 43.00 48.11 5.11 5.11 2.91 2.91 110 1373.49 7650.54 5114.09 Portage-110 NP98-306 34.35 81.00 46.65 32.40 0.49 0.49 110 1659.50 7125.75 5100.23 Portage-110 NP98-307 42.30 78.43 36.13 25.62 0.86 0.86 110 1558.03 7225.52 5099.23 Portage-110 NP98-308 35.70 52.60 16.90 6.65 0.23 0.23 110 1693.74 7126.07 5109.72 Portage-110 NP98-309 40.88 53.84 12.96 8.56 0.44 0.44 110 1596.77 7225.90 5110.17 Portage-110 NP98-310 46.65 74.90 28.25 28.25 0.88 0.88 110 1604.94 7025.39 5091.81 Portage-110 NP98-311 20.36 40.60 20.24 20.24 0.26 0.26 110 1635.32 7224.93 5123.54 Portage-110 NP98-318 26.20 70.60 44.40 27.20 0.77 0.77 110 1644.91 7025.55 5100.64 Portage-110 NP98-319 7.50 60.20 52.70 35.90 0.71 0.71 110 1683.54 7025.50 5110.74 Portage-110 NP98-320 15.10 31.30 16.20 11.90 0.69 0.69 110 1716.52 7126.16 5124.35 Portage-110 NP98-321 93.90 111.20 17.30 10.60 0.69 0.69 110 1468.47 7275.27 5050.22 Portage-110 NP98-322 73.90 102.90 29.00 21.80 0.63 0.63 110 1512.68 7275.45 5064.99 Portage-110 NP99-367 34.40 39.50 5.10 5.10 2.45 2.45 110 1343.39 7700.71 5122.13 Portage-110 NP99-368 74.20 81.50 7.30 5.50 1.42 1.42 110 1314.18 7701.76 5084.24 Portage-110 P09-02 40.50 66.00 25.50 25.50 1.52 1.52 110 1649.91 6775.04 5082.06 Portage-110 P09-03 46.00 58.00 12.00 12.00 3.41 3.41 110 1699.76 6774.98 5081.37 Portage-110 P09-04 29.80 35.50 5.70 5.70 0.17 0.17 110 1749.81 6775.11 5100.72 Portage-110 P09-06 31.30 37.50 6.20 6.20 0.18 0.18 110 1770.16 6799.87 5098.97 Portage-110 P09-07 50.00 60.20 10.20 10.20 1.66 1.66 110 1700.71 6724.73 5079.25 Portage-110 P09-08 41.00 69.50 28.50 13.40 0.46 0.46 110 1750.07 6724.98 5078.12 Portage-110 P09-09 34.50 61.50 27.00 12.00 0.31 0.31 110 1728.40 6899.24 5096.32 Portage-110 P09-10 13.64 19.55 5.91 0.86 0.24 0.24 110 1766.28 6899.74 5120.69 Portage-110 P10-01A 334.50 339.50 5.00 5.00 0.30 0.30 110 1944.54 5453.38 4851.21 Portage-110 P10-02 463.51 471.94 8.43 0.00 0.00 0.00 110 1902.88 5460.82 4745.22 Portage-110 P10-04 384.30 402.00 17.70 17.70 0.74 0.74 110 1921.10 5408.75 4797.31 Portage-110 P10-10 215.22 220.73 5.51 0.00 0.00 0.00 110 1988.35 5449.23 4957.02
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 P10-11 262.00 273.50 11.50 Length9.70 0.86 0.86 110 1960.98 5473.65 4912.27 Portage-110 P10-12 258.40 264.88 6.47 0.00 0.00 0.00 110 1962.48 5437.47 4920.43 Portage-110 P10-13 281.49 296.49 15.00 15.00 1.42 1.42 110 1909.50 5524.12 4875.10 Portage-110 P10-14 223.84 235.05 11.21 5.15 0.10 0.10 110 1878.22 5693.48 4911.61 Portage-110 P11-05 85.50 99.00 13.50 13.50 1.16 1.16 110 1446.62 7350.92 5044.11 Portage-110 P11-06 67.30 75.50 8.20 8.20 2.36 2.36 110 1452.09 7300.84 5048.47 Portage-110 P11-07 100.50 108.50 8.00 3.00 0.10 0.10 110 1415.44 7321.44 5013.97 Portage-110 P11-08 75.40 84.10 8.70 8.70 3.95 3.95 110 1440.99 7275.44 5043.19 Portage-110 P11-09 87.00 96.00 9.00 9.00 4.07 4.07 110 1430.22 7299.43 5032.10 Portage-110 P11-10 69.10 87.00 17.90 17.90 1.51 1.51 110 1444.86 7249.86 5043.94 Portage-110 P11-101 0.00 5.00 5.00 2.00 0.46 0.46 110 1790.00 6575.00 5107.50 Portage-110 P11-11 52.90 81.60 28.70 21.70 1.84 1.84 110 1468.92 7252.88 5055.26 Portage-110 P11-12 2.80 24.00 21.20 21.20 0.21 0.21 110 1690.12 7050.39 5120.50 Portage-110 P11-13 15.00 36.00 21.00 16.50 0.47 0.47 110 1703.10 7096.05 5109.44 Portage-110 P11-14 3.10 15.10 12.00 12.00 0.45 0.45 110 1706.24 7050.14 5123.39 Portage-110 P11-15 3.00 28.58 25.58 10.70 0.17 0.17 110 1718.46 7099.46 5118.16 Portage-110 P11-16 0.00 17.73 17.73 0.00 0.00 0.00 110 1730.63 7097.23 5123.69 Portage-110 P11-17 111.40 126.00 14.60 14.60 2.02 2.02 110 1346.52 7476.97 4997.66 Portage-110 P11-18 92.00 105.00 13.00 13.00 2.35 2.35 110 1401.11 7476.80 5023.67 Portage-110 P11-19 85.00 90.00 5.00 5.00 0.82 0.82 110 1424.98 7475.00 5034.72 Portage-110 P11-20 63.00 67.50 4.50 4.50 0.83 0.83 110 1449.90 7474.55 5057.19 Portage-110 P11-21 30.50 37.00 6.50 6.50 0.65 0.65 110 1475.66 7476.04 5088.70 Portage-110 P11-22 65.00 69.50 4.50 4.50 3.25 3.25 110 1463.00 7448.78 5055.26 Portage-110 P11-24 95.25 100.00 4.75 4.75 0.56 0.56 110 1399.74 7425.72 5018.12 Portage-110 P11-25 77.00 95.00 18.00 18.00 3.49 3.49 110 1426.71 7425.94 5036.49 Portage-110 P11-26 75.50 80.70 5.20 5.20 4.27 4.27 110 1450.40 7425.33 5044.42 Portage-110 P11-27 47.40 54.90 7.50 7.50 1.35 1.35 110 1476.44 7424.79 5071.45 Portage-110 P11-28 14.00 24.70 10.70 10.70 0.86 0.86 110 1500.54 7423.95 5103.67 Portage-110 P11-29 0.80 5.50 4.70 4.70 2.28 2.28 110 1550.00 7425.00 5126.85 Portage-110 P11-30 1.20 8.00 6.80 6.80 8.57 8.57 110 1580.08 7400.00 5125.29 Portage-110 P11-33 93.00 97.50 4.50 4.50 0.79 0.79 110 1424.99 7375.37 5020.90 Portage-110 P11-34 62.90 68.30 5.40 5.40 0.85 0.85 110 1475.10 7375.09 5057.40 Portage-110 P11-35 40.20 42.00 1.80 1.80 6.52 6.52 110 1501.04 7375.71 5081.53 Portage-110 P11-36 38.10 48.80 10.70 10.70 0.78 0.78 110 1525.17 7325.04 5079.19 Portage-110 P11-37 36.00 42.00 6.00 6.00 0.27 0.27 110 1550.79 7326.08 5083.84 Portage-110 P11-38 50.10 58.60 8.50 8.50 1.42 1.42 110 1474.97 7299.98 5061.76 Portage-110 P11-39 10.80 49.50 38.70 38.70 0.71 0.71 110 1526.44 7300.51 5092.65
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 P11-40 5.00 45.50 40.50 Length40.50 0.86 0.86 110 1550.77 7301.79 5097.69 Portage-110 P11-41 26.60 68.00 41.40 41.40 0.74 0.74 110 1500.00 7250.00 5068.70 Portage-110 P11-42 2.00 56.20 54.20 54.20 1.07 1.07 110 1524.99 7250.07 5087.02 Portage-110 P11-43 36.10 83.00 46.90 46.90 1.17 1.17 110 1474.95 7199.96 5056.67 Portage-110 P11-44 21.00 75.00 54.00 54.00 1.11 1.11 110 1501.26 7199.26 5068.17 Portage-110 P11-45 8.50 60.00 51.50 51.50 0.81 0.81 110 1523.12 7199.40 5081.88 Portage-110 P11-46 0.00 51.00 51.00 49.50 0.69 0.69 110 1550.03 7199.93 5090.62 Portage-110 P11-48 72.40 90.80 18.40 18.40 2.12 2.12 110 1480.12 7049.73 5041.27 Portage-110 P11-49 48.20 88.00 39.80 39.80 0.61 0.61 110 1510.13 7049.84 5054.95 Portage-110 P11-50 33.00 73.00 40.00 40.00 1.04 1.04 110 1540.12 7049.84 5069.77 Portage-110 P11-51 49.80 84.00 34.20 34.20 1.07 1.07 110 1515.49 7000.20 5055.98 Portage-110 P11-52 3.00 40.00 37.00 37.00 0.37 0.37 110 1641.39 6998.59 5101.43 Portage-110 P11-53 20.00 39.00 19.00 19.00 2.73 2.73 110 1575.00 7000.00 5092.50 Portage-110 P11-54 25.00 43.00 18.00 18.00 1.82 1.82 110 1589.74 6974.48 5087.95 Portage-110 P11-55 17.50 38.50 21.00 21.00 1.33 1.33 110 1618.52 6975.52 5094.27 Portage-110 P11-56 14.80 27.00 12.20 12.20 0.81 0.81 110 1655.32 6950.37 5102.17 Portage-110 P11-57 53.50 61.00 7.50 7.50 0.93 0.93 110 1644.50 6676.01 5056.21 Portage-110 P11-59 54.50 71.00 16.50 16.50 1.08 1.08 110 1650.25 6574.79 5049.60 Portage-110 P11-60 12.79 40.00 27.21 27.21 1.66 1.66 110 1665.93 6750.63 5087.77 Portage-110 P11-61 16.80 40.00 23.20 23.20 0.37 0.37 110 1705.67 6674.78 5085.15 Portage-110 P11-62 31.00 40.00 9.00 9.00 2.08 2.08 110 1674.50 6676.08 5078.06 Portage-110 P11-63 19.00 39.00 20.00 20.00 1.49 1.49 110 1594.23 6950.14 5094.68 Portage-110 P11-64 20.30 30.00 9.70 9.70 0.60 0.60 110 1700.80 6924.75 5097.23 Portage-110 P11-65 20.00 34.00 14.00 14.00 1.15 1.15 110 1664.30 6925.10 5096.27 Portage-110 P11-66 28.00 45.00 17.00 17.00 1.05 1.05 110 1659.86 6899.77 5086.54 Portage-110 P11-67 24.00 32.00 8.00 8.00 0.97 0.97 110 1635.11 6925.05 5095.15 Portage-110 P11-68 23.00 30.60 7.60 7.60 3.15 3.15 110 1600.05 6924.93 5096.30 Portage-110 P11-69 0.00 30.00 30.00 28.50 0.27 0.27 110 1714.99 7100.02 5115.26 Portage-110 P11-70 30.00 42.00 12.00 12.00 1.81 1.81 110 1688.90 6852.28 5087.52 Portage-110 P11-71 16.80 41.00 24.20 24.20 0.45 0.45 110 1689.98 7100.00 5101.44 Portage-110 P11-72 3.00 19.00 16.00 16.00 0.82 0.82 110 1720.00 7075.00 5119.00 Portage-110 P11-73 19.00 46.00 27.00 27.00 0.51 0.51 110 1600.00 7050.00 5097.50 Portage-110 P11-74 25.00 53.00 28.00 28.00 1.90 1.90 110 1570.00 7050.00 5091.00 Portage-110 P11-75 10.50 42.00 31.50 31.50 0.44 0.44 110 1630.00 7050.00 5103.75 Portage-110 P11-76 1.50 27.00 25.50 25.50 0.79 0.79 110 1675.00 7000.00 5115.75 Portage-110 P11-77 11.00 55.00 44.00 44.00 0.79 0.79 110 1568.44 7100.17 5091.21 Portage-110 P11-78 1.50 50.00 48.50 48.50 0.31 0.31 110 1590.70 7100.03 5097.96
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 P11-79 1.50 15.00 13.50 Length13.50 0.49 0.49 110 1660.00 7050.00 5121.75 Portage-110 P11-80 9.00 29.30 20.30 17.05 0.16 0.16 110 1770.08 6677.48 5089.92 Portage-110 P11-81 0.00 8.47 8.47 2.47 0.19 0.19 110 1799.24 6625.83 5106.30 Portage-110 P11-82 70.65 78.00 7.35 7.35 2.55 2.55 110 1650.14 6524.60 5036.88 Portage-110 P11-83 0.00 14.75 14.75 12.75 0.78 0.78 110 1764.67 6399.51 5094.87 Portage-110 P11-84 1.50 30.80 29.30 29.30 2.02 2.02 110 1740.72 6449.88 5086.04 Portage-110 P11-85 0.00 16.00 16.00 14.50 0.36 0.36 110 1769.69 6475.09 5093.95 Portage-110 P11-86 9.50 22.55 13.05 13.05 2.44 2.44 110 1730.50 6401.45 5085.93 Portage-110 P11-87 0.00 22.10 22.10 19.10 0.32 0.32 110 1772.64 6550.22 5091.90 Portage-110 P11-88 4.50 28.00 23.50 23.50 0.64 0.64 110 1745.53 6525.03 5089.94 Portage-110 P11-89 25.00 46.00 21.00 21.00 1.92 1.92 110 1708.60 6500.06 5067.06 Portage-110 P11-90 49.70 67.50 17.80 17.80 2.12 2.12 110 1620.12 6749.65 5054.45 Portage-110 P11-91 0.00 9.00 9.00 6.00 0.23 0.23 110 1772.71 6525.32 5099.33 Portage-110 P11-92 0.00 22.00 22.00 19.00 1.12 1.12 110 1752.86 6500.01 5091.82 Portage-110 P11-93 36.00 43.00 7.00 7.00 3.71 3.71 110 1706.24 6449.46 5062.43 Portage-110 P11-94 0.00 4.50 4.50 3.00 1.29 1.29 110 1791.49 6400.84 5099.76 Portage-110 P11-95 51.00 64.00 13.00 13.00 0.43 0.43 110 1637.92 6700.01 5057.22 Portage-110 P11-96 64.30 75.00 10.70 10.70 10.81 10.64 110 1629.99 6724.98 5043.31 Portage-110 P11-97 11.25 41.00 29.75 29.75 0.76 0.76 110 1729.99 6850.00 5097.13 Portage-110 P11-98 8.00 35.00 27.00 27.00 0.40 0.40 110 1757.82 6845.84 5103.49 Portage-110 P11-99 10.00 40.00 30.00 30.00 1.09 1.09 110 1720.69 6650.15 5084.53 Portage-110 TP02-388 34.42 62.95 28.53 28.53 2.65 2.59 110 1751.62 6549.79 5085.31 Portage-110 TP02-389 76.70 82.40 5.70 5.70 2.59 2.59 110 1674.12 6550.13 5055.70 Portage-110 TP02-394 16.60 44.25 27.65 27.65 2.60 2.60 110 1776.74 6499.96 5103.63 Portage-110 TP02-395 34.75 66.15 31.40 31.40 3.92 3.92 110 1733.18 6497.78 5084.07 Portage-110 TP02-396 69.70 81.60 11.90 11.90 5.73 5.73 110 1687.30 6499.29 5059.03 Portage-110 TP02-402 8.73 16.42 7.69 7.69 0.68 0.68 110 1822.33 6500.02 5121.29 Portage-110 TP02-403 12.07 34.24 22.17 22.17 0.88 0.88 110 1796.41 6549.74 5110.84 Portage-110 TP03-435 178.36 189.00 10.64 10.64 1.91 1.91 110 1931.76 5674.16 4978.73 Portage-110 TP03-436 145.88 162.88 17.00 17.00 4.44 4.44 110 1914.98 5727.30 5005.62 Portage-110 TP03-442 108.06 134.37 26.31 26.31 4.66 4.66 110 2034.29 5772.20 5024.44 Portage-110 TP03-443 109.90 141.93 32.03 32.03 5.15 5.15 110 1978.13 5772.96 5013.81 Portage-110 TP03-444 105.85 121.60 15.75 15.75 1.31 1.31 110 1933.78 5774.70 5024.63 Portage-110 TP03-448 79.67 80.00 0.32 0.32 0.01 0.01 110 1772.24 6211.64 5068.48 Portage-110 TP03-449 95.60 124.63 29.03 29.03 2.77 2.77 110 1956.53 5726.37 5026.87 Portage-110 TP03-450 116.95 128.45 11.50 11.50 0.62 0.62 110 1968.66 5699.47 5013.36 Portage-110 TP03-451 118.10 138.00 19.90 19.90 5.04 5.04 110 1955.70 5676.41 5004.99
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 TP03-452 76.32 81.55 5.23 Length5.23 1.39 1.39 110 1799.06 6118.82 5065.10 Portage-110 TP03-453 70.24 86.75 16.51 16.51 2.17 2.17 110 1803.91 6151.98 5056.92 Portage-110 TP03-455 113.00 122.04 9.04 9.04 1.65 1.65 110 2012.32 5724.69 5023.94 Portage-110 TP03-459 101.97 125.54 23.57 23.57 0.58 0.58 110 1996.16 5676.17 5021.60 Portage-110 TP03-462 73.04 82.80 9.76 9.76 2.50 2.50 110 1852.04 6149.60 5062.34 Portage-110 TP03-463 66.68 90.63 23.95 23.95 2.59 2.59 110 1846.39 6096.71 5059.18 Portage-110 TP03-464 78.10 108.68 30.58 30.58 1.63 1.63 110 1903.40 6094.21 5051.01 Portage-110 TP03-465 114.89 121.10 6.21 6.21 0.29 0.29 110 1858.94 6033.87 5015.62 Portage-110 TP03-466 100.59 123.64 23.05 23.05 2.30 2.30 110 1906.96 6034.17 5038.95 Portage-110 TP03-467 3.34 44.97 41.62 41.62 2.13 2.13 110 1948.56 6171.88 5126.60 Portage-110 TP03-468 1.14 82.08 80.93 80.93 2.52 2.52 110 1939.16 6163.15 5111.77 Portage-110 TP03-469 1.64 16.00 14.35 14.35 3.99 3.99 110 1960.53 6180.02 5141.23 Portage-110 TP03-470 3.31 17.63 14.32 14.32 2.32 2.32 110 1950.01 6190.63 5139.98 Portage-110 TP03-471 2.70 38.32 35.62 35.62 4.00 3.91 110 1938.54 6183.36 5130.57 Portage-110 TP03-472 2.50 72.87 70.37 70.37 2.54 2.54 110 1933.85 6177.06 5114.18 Portage-110 TP03-473 2.30 86.06 83.76 83.76 2.93 2.93 110 1920.17 6170.57 5106.16 Portage-110 TP03-474 15.00 89.00 74.00 74.00 2.13 2.13 110 1914.20 6162.91 5098.19 Portage-110 TP03-475 43.64 89.05 45.41 45.41 4.36 4.20 110 1949.62 6133.37 5082.85 Portage-110 TP03-476 23.35 83.50 60.15 52.35 1.40 1.40 110 1954.98 6136.94 5102.03 Portage-110 TP03-477 2.30 77.80 75.50 75.50 1.83 1.83 110 1944.12 6146.72 5107.60 Portage-110 TP03-478 0.83 39.98 39.15 39.15 2.66 2.66 110 1959.22 6159.97 5129.56 Portage-110 TP03-479 3.00 52.00 49.00 49.00 2.91 2.91 110 1966.31 6146.91 5124.62 Portage-110 TP03-488 15.13 78.35 63.22 63.22 2.56 2.56 110 1839.40 6205.44 5097.48 Portage-110 TP03-489 9.98 80.12 70.14 70.14 2.25 2.25 110 1861.63 6216.47 5105.77 Portage-110 TP03-490 0.41 89.52 89.11 89.11 2.60 2.60 110 1971.02 6112.52 5099.95 Portage-110 TP03-491 2.51 42.37 39.87 39.86 2.70 2.70 110 1991.10 6128.87 5129.04 Portage-110 TP04-494 302.40 318.01 15.61 15.61 0.68 0.68 110 1910.18 5494.94 4853.82 Portage-110 TP04-496 285.75 292.55 6.80 5.25 0.10 0.10 110 1952.53 5402.61 4873.79 Portage-110 TP07-693 217.00 222.22 5.22 2.20 0.00 0.00 110 1935.74 5521.46 4937.02 Portage-110 TP07-694 224.30 234.00 9.70 3.80 0.40 0.40 110 1904.93 5595.72 4918.36 Portage-110 TP07-707 53.00 75.50 22.50 22.50 1.78 1.78 110 1723.26 6522.92 5070.38 Portage-110 TP07-709 6.60 30.50 23.89 6.99 0.26 0.26 110 1799.54 6524.88 5115.56 Portage-110 TP07-719 74.00 85.00 11.00 11.00 1.62 1.62 110 1617.99 6772.59 5055.50 Portage-110 TP07-721 69.00 89.97 20.97 20.97 14.76 4.72 110 1535.28 7024.52 5067.87 Portage-110 TP07-726 71.00 82.00 11.00 11.00 2.33 2.33 110 1819.44 6095.18 5059.41 Portage-110 TP07-732A 121.60 129.00 7.40 7.40 0.77 0.77 110 1768.85 6105.83 5035.05 Portage-110 TP07-735 159.00 164.50 5.50 5.50 0.24 0.24 110 1741.05 6063.63 5005.73
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 TP07-737 111.30 116.70 5.40 Length0.00 0.00 0.00 110 1776.91 6148.55 5042.20 Portage-110 TP07-740 65.50 103.50 38.00 38.00 2.68 2.68 110 1938.04 6094.61 5061.68 Portage-110 TP07-747 63.80 88.00 24.20 24.20 8.78 8.78 110 2080.26 5919.90 5090.78 Portage-110 TP07-749 45.00 67.16 22.16 22.16 5.06 5.06 110 2091.10 5919.03 5103.40 Portage-110 TP07-750 37.50 109.40 71.90 71.90 2.34 2.34 110 2081.86 5921.44 5080.22 Portage-110 TP07-752 33.99 76.00 42.01 42.01 3.68 3.68 110 2088.79 5907.68 5099.86 Portage-110 TP07-752 100.50 185.00 84.50 84.50 2.95 2.95 110 2034.51 5887.92 5033.80 Portage-110 TP08-765A 227.00 257.00 30.00 30.00 0.74 0.74 110 1896.57 5673.54 4912.93 Portage-110 TP08-767 201.30 206.15 4.85 2.50 0.61 0.61 110 2024.81 5550.92 4977.30 Portage-110 TP08-768 128.20 143.40 15.20 15.20 0.82 0.82 110 1988.30 5599.70 5001.68 Portage-110 TP08-769 282.50 293.50 11.00 11.00 0.38 0.38 110 1896.92 5601.63 4867.98 Portage-110 TP08-770 134.33 139.38 5.05 0.00 0.00 0.00 110 2031.57 5600.42 5005.01 Portage-110 TP08-771 116.00 126.40 10.40 10.40 0.19 0.19 110 2070.56 5602.77 5038.55 Portage-110 TP08-773 164.00 177.00 13.00 13.00 3.57 3.57 110 1984.09 5577.03 4969.11 Portage-110 TP08-774 128.00 141.00 13.00 13.00 1.43 1.43 110 1983.65 5647.93 5025.03 Portage-110 TP08-775 150.50 156.00 5.50 5.50 0.12 0.12 110 2051.38 5498.39 4996.33 Portage-110 TP08-776 143.00 157.50 14.50 14.50 0.98 0.98 110 2021.79 5575.68 4990.80 Portage-110 TP08-779 182.98 195.51 12.53 12.53 0.78 0.78 110 1961.34 5653.66 4992.19 Portage-110 TP08-780 166.80 171.50 4.70 4.70 0.68 0.68 110 2025.33 5526.49 4975.47 Portage-110 TP08-781 192.11 197.05 4.94 0.00 0.00 0.00 110 1969.86 5547.85 4964.66 Portage-110 TP08-782 258.99 267.30 8.30 8.30 0.37 0.37 110 1906.05 5553.35 4888.19 Portage-110 TP08-783 130.00 135.08 5.08 5.08 0.63 0.63 110 2068.66 5524.07 5016.51 Portage-110 TP08-785 221.23 222.00 0.77 0.00 0.00 0.00 110 1961.90 5505.63 4939.22 Portage-110 TP08-789 117.60 123.70 6.10 6.10 0.37 0.37 110 2062.08 5472.80 5026.33 Portage-110 TP95-082 104.10 128.90 24.80 19.10 1.60 1.60 110 2060.48 5842.17 5046.82 Portage-110 TP95-083 54.60 62.40 7.80 7.80 2.58 2.58 110 2092.09 5843.94 5100.38 Portage-110 TP95-084 109.90 121.10 11.20 11.20 2.08 2.08 110 2073.33 5881.05 5059.71 Portage-110 TP95-085 56.90 65.90 9.00 9.00 7.64 7.64 110 2094.38 5880.24 5098.80 Portage-110 TP95-086 7.30 71.11 63.82 42.32 4.10 4.10 110 2028.45 6069.55 5115.65 Portage-110 TP95-087 94.40 113.40 19.00 19.00 5.11 5.11 110 1952.61 6037.38 5048.29 Portage-110 TP95-088 6.64 94.99 88.35 88.29 4.07 4.07 110 1988.47 6109.64 5105.96 Portage-110 TP95-089 98.80 113.80 15.00 15.00 1.44 1.44 110 1938.55 6069.54 5047.32 Portage-110 TP95-090 40.30 87.00 46.70 46.70 1.27 1.27 110 1933.86 6124.70 5081.39 Portage-110 TP95-091 53.00 93.00 40.00 40.00 3.90 3.90 110 1843.31 6191.32 5069.79 Portage-110 TP95-092 66.30 81.80 15.50 15.50 2.46 2.46 110 1813.17 6174.47 5063.55 Portage-110 TP95-093 14.00 47.00 33.00 33.00 2.27 2.27 110 1790.51 6376.55 5111.05 Portage-110 TP95-094 6.00 46.00 40.00 40.00 2.25 2.25 110 1818.52 6376.24 5117.68
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 TP95-095 12.40 43.50 31.10 Length31.10 1.71 1.71 110 1792.89 6415.49 5113.53 Portage-110 TP95-096 3.75 37.60 33.85 33.85 0.66 0.66 110 1819.87 6415.98 5120.28 Portage-110 TP96-119 24.17 43.17 19.00 19.00 3.44 3.44 110 1735.71 6325.51 5100.90 Portage-110 TP96-120 35.30 49.45 14.15 14.15 2.76 2.76 110 1736.78 6379.85 5091.09 Portage-110 TP96-121 27.00 66.03 39.03 29.88 0.96 0.96 110 1737.40 6468.30 5086.68 Portage-110 TP96-125 61.65 75.65 14.00 14.00 1.84 1.84 110 1707.60 6466.78 5064.55 Portage-110 TP96-126 55.00 62.01 7.01 7.00 2.16 2.16 110 1712.64 6325.70 5075.51 Portage-110 TP96-137 124.00 131.45 7.45 7.45 0.68 0.68 110 2019.06 5700.89 5025.87 Portage-110 TP96-151 4.00 22.50 18.50 18.50 1.45 1.45 110 1914.82 6226.64 5135.82 Portage-110 TP96-152 72.57 83.57 11.00 11.00 1.77 1.77 110 1859.02 6141.35 5062.03 Portage-110 TP96-153 2.99 25.03 22.03 21.00 1.23 1.23 110 1935.52 6199.82 5135.60 Portage-110 TP96-154 2.99 69.13 66.14 64.62 2.93 2.93 110 1957.60 6159.75 5113.93 Portage-110 TP96-155 3.00 34.76 31.76 31.00 1.94 1.94 110 1855.97 6281.86 5124.92 Portage-110 TP96-156 107.44 117.00 9.56 9.56 6.03 6.03 110 2027.29 5961.87 5042.40 Portage-110 TP97-166 119.42 132.42 13.00 13.00 0.82 0.82 110 2045.21 5751.41 5029.06 Portage-110 TP97-167 124.00 148.00 24.00 24.00 2.53 2.53 110 1979.90 5750.85 5013.19 Portage-110 TP97-168 118.21 140.04 21.83 15.66 1.91 1.91 110 1931.97 5804.24 5020.90 Portage-110 TP97-170 174.93 180.92 6.00 6.00 0.44 0.44 110 1881.21 5805.74 4976.07 Portage-110 TP97-179 160.00 165.75 5.75 5.75 0.61 0.61 110 1891.30 5837.31 4990.46 Portage-110 TP97-185 121.78 140.63 18.85 18.85 3.65 3.65 110 2022.48 5842.70 5015.12 Portage-110 TP97-187 105.80 137.00 31.20 31.20 2.40 2.40 110 1975.19 5842.16 5017.49 Portage-110 TP97-189 122.56 133.64 11.08 11.08 5.50 5.50 110 1944.39 5879.85 5014.08 Portage-110 TP97-191 123.30 129.10 5.80 5.80 0.81 0.81 110 1933.87 5841.16 5013.57 Portage-110 TP97-193 111.20 119.80 8.60 8.60 1.93 1.93 110 2036.25 5920.61 5039.64 Portage-110 TP97-194 104.30 132.10 27.80 27.80 2.69 2.69 110 1985.49 5960.64 5031.71 Portage-110 TP97-195 109.75 116.75 7.00 7.00 2.26 2.26 110 1981.55 5920.26 5028.44 Portage-110 TP97-196 135.61 173.80 38.20 38.20 0.52 0.52 110 1879.72 5749.93 4982.97 Portage-110 TP97-197 96.17 132.10 35.93 26.86 2.89 2.89 110 1946.61 5960.25 5024.56 Portage-110 TP97-198 117.20 142.00 24.80 24.80 1.30 1.30 110 1936.55 5920.27 5007.89 Portage-110 TP97-199 124.90 132.30 7.40 7.40 1.49 1.49 110 1902.84 5750.22 5013.53 Portage-110 TP97-200 102.50 134.20 31.70 31.70 1.62 1.62 110 1988.16 5880.42 5021.19 Portage-110 TP97-202 116.00 128.60 12.60 12.60 5.49 5.49 110 2033.10 5880.92 5028.97 Portage-110 TP97-203 169.00 175.73 6.73 3.20 0.26 0.26 110 1934.40 5650.53 4971.50 Portage-110 TP97-204 9.90 24.40 14.50 14.50 7.37 7.37 110 2103.79 5879.94 5128.91 Portage-110 TP97-205 5.98 65.20 59.22 57.20 2.74 2.74 110 1965.30 6127.96 5117.80 Portage-110 TP97-206 132.50 154.00 21.50 21.50 9.15 9.15 110 1920.56 5700.46 4998.39 Portage-110 TP97-207 101.00 112.50 11.50 11.50 2.69 2.69 110 1903.06 6066.35 5043.41
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 TP97-209 68.50 89.60 21.10 Length21.10 5.03 5.03 110 1883.68 6119.88 5062.20 Portage-110 TP97-210 62.20 73.60 11.40 11.40 4.83 4.83 110 1831.90 6119.70 5068.07 Portage-110 TP97-211 179.60 189.15 9.55 3.25 0.03 0.03 110 1924.97 5600.41 4953.95 Portage-110 TP97-212 89.80 99.30 9.50 9.50 2.95 2.95 110 1840.23 6065.61 5041.11 Portage-110 TP97-213 98.16 133.30 35.14 27.74 3.00 3.00 110 1920.60 6000.80 5025.38 Portage-110 TP97-215 114.10 122.70 8.60 8.60 6.22 6.22 110 1874.45 6000.48 5020.53 Portage-110 TP98-230 186.10 217.59 31.50 24.60 0.37 0.37 110 1905.01 5675.92 4946.56 Portage-110 TP98-233 173.00 178.10 5.10 5.10 0.24 0.24 110 1861.66 5961.12 4964.56 Portage-110 TP98-235 139.50 144.60 5.10 5.10 0.80 0.80 110 1910.27 5920.66 4996.84 Portage-110 TP98-237 306.00 320.70 14.70 14.70 0.31 0.31 110 1894.38 5612.71 4846.10 Portage-110 TP98-240 139.90 146.31 6.40 6.40 0.12 0.12 110 1828.47 6000.37 4995.87 Portage-110 TP98-243 246.85 277.40 30.55 30.55 0.67 0.67 110 1864.37 5666.35 4889.59 Portage-110 TP98-251 206.67 214.13 7.46 7.46 0.17 0.17 110 1914.77 5625.48 4942.55 Portage-110 TP98-253 215.12 222.06 6.94 5.98 0.33 0.33 110 1884.71 5725.75 4932.18 Portage-110 TP98-256 290.10 307.63 17.53 5.57 0.61 0.61 110 1900.49 5551.60 4851.77 Portage-110 TP98-258 157.56 162.59 5.03 5.03 1.86 1.86 110 1908.45 5880.16 4997.45 Portage-110 TP98-261 113.80 124.20 10.40 5.00 0.27 0.27 110 1771.61 6180.48 5035.93 Portage-110 TP98-267 194.10 200.50 6.40 0.00 0.00 0.00 110 1938.82 5552.84 4956.85 Portage-110 TP98-269 224.85 234.97 10.12 10.12 0.39 0.39 110 1867.69 5775.48 4920.73 Portage-110 TP98-272 243.00 248.90 5.90 5.90 2.41 2.41 110 1934.82 5495.77 4913.18 Portage-110 TP98-277 146.10 151.20 5.10 5.10 0.47 0.47 110 1736.51 6180.54 5011.47 Portage-110 TP98-281 5.20 44.40 39.20 39.20 2.75 2.75 110 1825.39 6350.25 5119.35 Portage-110 TP98-282 3.70 34.20 30.49 30.49 1.68 1.68 110 1847.69 6325.59 5125.84 Portage-110 TP98-283 10.10 46.80 36.70 36.70 4.01 3.54 110 1812.90 6304.25 5113.75 Portage-110 TP98-285 1.80 29.10 27.30 27.30 1.63 1.63 110 1856.91 6304.41 5127.32 Portage-110 TP98-286 2.40 13.90 11.50 11.50 1.16 1.16 110 1968.86 6173.75 5140.23 Portage-110 TP98-287 4.59 30.80 26.20 26.20 1.19 1.19 110 1978.28 6156.25 5133.56 Portage-110 TP98-288 111.30 116.70 5.40 5.40 3.18 3.18 110 1768.94 6120.59 5043.97 Portage-110 TP98-289 3.50 29.63 26.13 22.43 1.73 1.73 110 2004.34 6125.81 5133.88 Portage-110 TP98-290 185.61 191.36 5.75 5.75 0.42 0.42 110 1710.75 6181.23 4980.97 Portage-110 TP98-291 3.70 53.40 49.70 49.70 8.16 8.16 110 2006.97 6103.30 5123.56 Portage-110 TP98-292 155.50 160.50 5.00 5.00 2.08 2.08 110 1749.75 6120.75 5014.44 Portage-110 TP98-293 4.20 17.00 12.80 12.80 0.71 0.71 110 1842.49 6420.67 5128.66 Portage-110 TP98-294 3.50 30.71 27.21 27.21 1.25 1.25 110 1850.83 6350.31 5126.63 Portage-110 TP98-312 6.00 31.54 25.54 25.54 0.77 0.77 110 1841.62 6380.62 5123.79 Portage-110 TP98-313 5.41 66.30 60.89 60.88 17.49 17.38 110 2023.98 6066.11 5115.25 Portage-110 TP98-314 3.60 27.50 23.90 23.90 1.95 1.95 110 1879.13 6261.96 5129.97
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 TP98-315 4.50 92.79 88.29 Length71.45 1.27 1.27 110 1969.93 6096.94 5094.70 Portage-110 TP98-316 3.70 17.00 13.30 13.30 1.18 1.18 110 1884.94 6303.22 5134.31 Portage-110 TP98-317 4.60 20.00 15.40 15.40 2.71 2.71 110 1875.58 6325.19 5132.38 Portage-110 TP99-337 34.90 48.50 13.60 13.60 4.51 4.51 110 1725.98 6304.55 5092.74 Portage-110 TP99-339 25.55 49.50 23.95 20.35 1.98 1.98 110 1748.52 6304.47 5097.90 Portage-110 TP99-340 31.70 47.30 15.60 15.60 2.20 2.20 110 1752.03 6350.71 5095.96 Portage-110 TP99-342 18.80 48.80 30.00 30.00 3.24 3.24 110 1765.25 6380.57 5103.04 Portage-110 TP99-343 160.05 174.00 13.95 13.95 2.69 2.69 110 1875.66 5772.03 4981.35 Portage-110 TP99-344 19.70 49.50 29.80 24.75 1.58 1.58 110 1756.75 6326.14 5103.13 Portage-110 TP99-345 19.20 43.50 24.30 19.80 1.59 1.59 110 1769.37 6284.97 5105.83 Portage-110 TP99-346 160.06 167.25 7.19 7.19 14.35 12.17 110 1900.43 5777.26 4989.40 Portage-110 TP99-347 25.00 46.74 21.74 21.74 1.83 1.83 110 1751.28 6284.96 5101.03 Portage-110 TP99-348 53.09 65.58 12.50 3.70 0.10 0.10 110 1724.18 6264.79 5079.07 Portage-110 TP99-349 30.10 45.90 15.80 15.80 5.32 5.32 110 1741.53 6264.23 5098.90 Portage-110 TP99-350 38.10 46.90 8.80 8.80 3.80 3.80 110 1747.43 6242.71 5098.85 Portage-110 TP99-352 26.70 51.50 24.80 24.80 2.24 2.24 110 1774.54 6243.05 5099.71 Portage-110 TP99-353 28.17 54.20 26.03 26.03 3.34 3.34 110 1756.37 6420.61 5095.70 Portage-110 TP99-354 49.00 63.90 14.90 14.90 4.47 4.47 110 1718.83 6420.26 5078.41 Portage-110 TP99-369 48.50 87.90 39.40 39.40 1.93 1.93 110 1714.39 6551.04 5070.40 Portage-110 TP99-370 84.67 114.64 29.97 29.97 2.18 2.18 110 2012.32 6010.85 5050.44 Portage-110 TP99-371 71.15 108.25 37.10 37.10 2.24 2.24 110 1984.85 6040.62 5059.52 Portage-110 TP99-372 94.55 121.04 26.49 26.49 2.89 2.89 110 1965.94 6077.42 5052.81 Portage-110 TP99-373 5.00 12.32 7.32 7.32 4.21 4.21 110 2024.63 6017.20 5133.38 Portage-110 TP99-374 1.05 61.36 60.31 57.02 1.86 1.86 110 2051.24 6034.86 5120.50 Portage-110 TP99-375 1.50 2.02 0.53 0.00 0.00 0.00 110 2066.27 6046.44 5143.40 Portage-110 TP99-375 4.75 60.00 55.25 26.90 5.00 5.00 110 2051.07 6034.73 5119.55 Portage-110 TP99-376 2.71 48.56 45.85 45.85 6.28 5.83 110 2021.83 6063.44 5125.08 Portage-110 TP99-377 2.73 10.43 7.70 7.70 0.70 0.70 110 1998.39 6047.64 5135.61 Portage-110 TP99-378 4.76 45.54 40.78 40.78 6.85 6.85 110 1998.96 6071.54 5125.43 Portage-110 TP99-379 2.65 72.00 69.35 44.14 0.50 0.50 110 1996.97 6094.06 5117.54 Portage-110 TP99-380 3.00 51.00 48.00 32.20 6.82 5.95 110 1982.70 6085.61 5116.94 Portage-110 TP99-381 2.99 62.65 59.66 59.65 2.51 2.51 110 1860.65 6245.43 5114.18 Portage-110 TP99-382 13.65 54.60 40.94 40.94 1.45 1.45 110 1786.73 6264.16 5106.41 Portage-110 TP99-383 12.20 54.15 41.95 41.95 1.54 1.54 110 1811.36 6262.54 5109.43 Portage-110 TP99-384 2.23 54.02 51.79 51.79 3.87 3.87 110 1839.49 6263.96 5116.77 Portage-110 TPMET02-01 3.59 60.00 56.41 52.90 1.71 1.71 110 1928.09 6174.54 5124.69 Portage-110 TPMET02-02 3.95 51.97 48.02 28.57 1.23 1.23 110 2062.81 6011.41 5123.26
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-110 TPMET02-03 3.82 36.95 33.13 Length33.13 3.56 3.56 110 1892.18 6236.69 5129.75 Portage-111 91047 112.65 116.70 4.05 4.05 0.23 0.23 111 1743.66 6065.60 5057.87 Portage-111 DDH-1811 16.43 23.20 6.77 6.77 1.55 1.55 111 1847.44 6179.78 5128.36 Portage-111 P10-16A 140.40 145.30 4.90 4.90 0.14 0.14 111 1657.48 5954.75 5005.25 Portage-111 TP03-453 47.53 56.39 8.86 0.00 0.00 0.00 111 1799.59 6151.24 5083.09 Portage-111 TP07-706 64.00 73.00 9.00 9.00 2.95 2.95 111 1792.85 5960.69 5064.25 Portage-111 TP07-732 93.13 97.18 4.05 0.00 0.00 0.00 111 1746.88 6097.73 5056.94 Portage-111 TP07-732A 95.22 99.58 4.36 0.00 0.00 0.00 111 1752.17 6103.42 5057.28 Portage-111 TP07-735 113.50 117.50 4.00 4.00 0.59 0.59 111 1714.84 6064.30 5043.83 Portage-111 TP07-737 83.25 95.33 12.09 0.00 0.00 0.00 111 1762.77 6148.87 5062.47 Portage-111 TP95-091 31.18 35.61 4.43 4.00 0.02 0.02 111 1832.18 6183.50 5106.99 Portage-111 TP95-092 40.49 48.15 7.66 4.15 0.00 0.00 111 1809.61 6171.97 5092.95 Portage-111 TP98-233 45.20 49.71 4.51 4.51 0.24 0.24 111 1827.76 5960.78 5088.08 Portage-111 TP98-240 65.19 69.65 4.46 0.00 0.00 0.00 111 1808.22 6000.17 5068.79 Portage-111 TP98-242 89.80 93.65 3.85 3.85 0.38 0.38 111 1763.41 6000.21 5044.83 Portage-111 TP98-245 101.90 105.99 4.09 4.09 0.51 0.51 111 1718.33 6000.27 5033.55 Portage-111 TP98-246 68.90 73.10 4.20 0.00 0.00 0.00 111 1792.15 5921.09 5064.66 Portage-111 TP98-248 107.97 112.11 4.14 4.14 0.24 0.24 111 1705.85 5921.27 5027.67 Portage-111 TP98-250 98.69 102.68 3.99 3.99 0.04 0.04 111 1739.43 5960.78 5036.32 Portage-111 TP98-261 80.00 94.80 14.80 12.80 5.02 5.02 111 1754.09 6180.30 5062.23 Portage-111 TP98-266 88.52 92.36 3.84 0.00 0.00 0.00 111 1750.56 5921.02 5046.55 Portage-111 TP98-277 108.40 112.40 4.00 4.00 0.09 0.09 111 1716.14 6180.33 5043.85 Portage-111 TP98-280 136.87 140.99 4.12 0.00 0.00 0.00 111 1637.35 5919.65 5000.28 Portage-111 TP98-288 97.70 102.30 4.60 4.60 0.10 0.10 111 1760.71 6120.51 5055.30 Portage-111 TP98-290 127.92 131.30 3.38 3.38 0.48 0.48 111 1678.26 6180.90 5030.06 Portage-111 TP98-292 120.10 124.80 4.70 4.70 0.53 0.53 111 1727.51 6120.52 5042.17 Portage-111 TP98-296 139.60 143.59 3.99 3.45 2.10 2.10 111 1661.00 6000.79 5007.50 Portage-111 TP99-356 75.72 82.38 6.66 6.66 1.79 1.79 111 1788.37 5961.60 5062.33 Portage-111 TP99-358 68.90 77.55 8.65 8.65 6.03 6.03 111 1803.00 5941.51 5069.94 Portage-111 TP99-361 50.85 54.35 3.50 0.00 0.00 0.00 111 1827.92 5940.91 5084.56 Portage-111 TP99-362 57.95 61.95 4.00 4.00 0.16 0.16 111 1825.40 5921.15 5079.96 Portage-113 NP02-399 19.88 25.23 5.35 5.35 0.93 0.93 113 1660.84 6825.09 5111.20 Portage-113 NP02-400 12.45 17.58 5.13 5.13 0.59 0.59 113 1614.59 6940.53 5118.84 Portage-113 NP02-406 14.78 21.50 6.72 6.72 0.23 0.23 113 1649.50 6864.85 5115.69 Portage-113 NP02-407 4.95 19.55 14.60 14.60 0.62 0.62 113 1698.32 6865.43 5122.32 Portage-113 NP02-408 21.30 28.00 6.70 6.70 0.31 0.31 113 1685.45 6824.89 5109.24 Portage-113 NP02-409 12.50 23.60 11.10 11.10 0.44 0.44 113 1709.58 6825.59 5115.38
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-113 NP02-414 25.35 30.00 4.65 Length4.65 0.38 0.38 113 1686.37 6790.35 5106.63 Portage-113 NP02-418 12.50 17.00 4.50 4.50 0.17 0.17 113 1735.84 6825.04 5118.75 Portage-113 NP02-420 4.17 9.50 5.33 5.33 0.29 0.29 113 1680.05 6900.44 5127.05 Portage-113 NP02-421 15.10 20.00 4.90 4.90 1.76 1.76 113 1653.74 6980.37 5126.49 Portage-113 NP02-422 15.90 24.20 8.30 8.30 0.77 0.77 113 1604.10 7000.64 5118.37 Portage-113 NP02-423 15.32 19.78 4.46 4.46 0.08 0.08 113 1618.64 7074.70 5126.71 Portage-113 NP03-458 15.78 20.84 5.06 5.06 2.81 2.81 113 1724.64 6789.70 5115.73 Portage-113 NP07-730 14.00 18.80 4.80 4.80 0.14 0.14 113 1661.66 7074.78 5127.80 Portage-113 NP98-252 14.20 19.40 5.20 5.20 0.28 0.28 113 1630.53 6899.72 5116.31 Portage-113 NP98-310 29.80 34.85 5.05 5.05 1.41 1.41 113 1586.29 7025.20 5113.30 Portage-113 NP98-318 9.50 14.60 5.10 5.10 0.05 0.05 113 1622.84 7025.33 5129.52 Portage-113 P09-02 32.49 33.00 0.51 0.51 0.15 0.15 113 1649.91 6775.04 5102.56 Portage-113 P09-03 22.40 23.80 1.40 1.40 0.31 0.31 113 1699.76 6774.98 5110.27 Portage-113 P09-09 9.50 15.50 6.00 6.00 0.58 0.58 113 1707.61 6899.53 5125.09 Portage-113 P11-53 7.60 12.00 4.40 4.40 2.05 2.05 113 1575.00 7000.00 5112.20 Portage-113 P11-54 3.17 8.00 4.83 3.50 4.31 4.31 113 1589.74 6974.48 5116.36 Portage-113 P11-55 4.00 8.50 4.50 4.50 0.22 0.22 113 1618.52 6975.52 5116.02 Portage-113 P11-56 2.20 7.00 4.80 4.80 0.31 0.31 113 1655.32 6950.37 5118.47 Portage-113 P11-63 6.60 11.00 4.40 4.40 2.28 2.28 113 1587.99 6950.14 5113.89 Portage-113 P11-64 0.00 4.00 4.00 3.00 0.47 0.47 113 1700.80 6924.75 5120.38 Portage-113 P11-65 0.00 5.60 5.60 5.00 1.34 1.34 113 1664.30 6925.10 5120.47 Portage-113 P11-66 3.00 8.00 5.00 5.00 0.66 0.66 113 1659.86 6899.77 5117.54 Portage-113 P11-67 2.00 10.00 8.00 8.00 4.83 4.83 113 1635.11 6925.05 5117.15 Portage-113 P11-68 6.00 11.00 5.00 5.00 1.75 1.75 113 1600.05 6924.93 5114.60 Portage-113 P11-70 6.00 11.00 5.00 5.00 0.39 0.39 113 1688.90 6852.28 5115.02 Portage-113 P11-73 5.00 11.00 6.00 6.00 1.03 1.03 113 1600.00 7050.00 5122.00 Portage-113 P11-74 4.00 17.00 13.00 13.00 2.92 2.92 113 1570.00 7050.00 5119.50 Portage-113 P11-97 1.27 4.00 2.73 1.00 0.34 0.34 113 1729.99 6850.00 5120.62 Portage-117 90040 24.80 37.60 12.80 12.80 0.38 0.38 117 1489.94 7120.34 5113.12 Portage-117 91048 89.60 95.50 5.90 5.90 0.90 0.90 117 1645.35 6400.00 5062.42 Portage-117 GNP02-01 2.66 3.17 0.51 0.00 0.00 0.00 117 1570.14 7023.59 5136.34 Portage-117 NP02-398 58.50 66.54 8.04 8.04 0.12 0.12 117 1561.35 6865.02 5072.96 Portage-117 NP02-401 22.15 34.10 11.95 11.95 0.84 0.84 117 1556.84 6939.97 5107.21 Portage-117 NP02-416 38.00 48.30 10.30 10.30 1.19 1.19 117 1486.28 7076.40 5098.55 Portage-117 NP02-417 28.50 47.30 18.80 18.80 0.32 0.32 117 1516.83 6979.93 5098.76 Portage-117 NP02-425 3.40 9.00 5.60 5.60 0.70 0.70 117 1528.22 7075.24 5131.75 Portage-117 NP02-427 12.43 17.33 4.90 4.90 0.75 0.75 117 1498.01 7100.25 5122.49
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-117 NP02-428 9.14 14.13 4.99 Length4.99 0.14 0.14 117 1510.34 7150.94 5130.74 Portage-117 NP02-429 41.83 52.00 10.17 10.17 0.63 0.63 117 1474.32 7150.94 5095.68 Portage-117 NP02-432 104.90 112.00 7.10 7.10 0.14 0.14 117 1419.65 7276.20 5041.41 Portage-117 NP03-447 77.25 104.77 27.52 27.52 0.51 0.51 117 1586.91 6697.66 5050.87 Portage-117 NP03-460 49.06 69.12 20.06 20.06 0.85 0.85 117 1599.00 6790.17 5077.15 Portage-117 NP07-723 6.00 12.60 6.60 6.60 0.31 0.31 117 1554.41 6979.53 5123.99 Portage-117 NP07-724 22.49 32.49 10.00 10.00 0.66 0.66 117 1557.20 6919.87 5105.71 Portage-117 NP07-731 25.80 40.00 14.20 14.20 0.98 0.98 117 1464.16 7093.53 5102.48 Portage-117 NP07-734 65.00 72.90 7.90 7.90 0.11 0.11 117 1449.82 7148.90 5069.87 Portage-117 NP96-140 4.99 8.00 3.01 2.72 0.20 0.20 117 1523.10 7125.20 5135.21 Portage-117 NP96-147 26.00 34.00 8.00 8.00 0.24 0.24 117 1496.32 7176.31 5119.60 Portage-117 NP96-148 63.00 69.00 6.00 6.00 0.57 0.57 117 1462.15 7175.38 5083.21 Portage-117 NP96-149 26.05 31.10 5.05 5.05 0.54 0.54 117 1486.96 7226.10 5122.22 Portage-117 NP96-150 43.00 48.00 5.00 5.00 0.48 0.48 117 1462.54 7225.90 5103.50 Portage-117 NP97-173 79.00 86.00 7.00 7.00 0.79 0.79 117 1591.20 6750.72 5050.08 Portage-117 NP97-175 21.00 26.00 5.00 5.00 3.22 3.22 117 1530.91 7025.25 5114.44 Portage-117 NP97-176 53.70 58.70 5.00 5.00 0.42 0.42 117 1489.14 7025.21 5085.40 Portage-117 NP98-244 131.37 139.44 8.07 5.38 0.26 0.26 117 1543.70 6749.19 4997.28 Portage-117 NP98-249 99.09 120.09 21.00 7.80 0.02 0.02 117 1534.65 6899.34 5023.46 Portage-117 NP98-254 55.00 65.41 10.41 6.61 0.06 0.06 117 1575.74 6824.87 5072.53 Portage-117 NP98-260 127.74 133.93 6.18 6.18 0.70 0.70 117 1576.52 6600.01 5014.55 Portage-117 NP98-321 71.70 77.40 5.70 5.70 0.05 0.05 117 1456.67 7275.15 5075.61 Portage-117 P11-06 48.00 53.00 5.00 5.00 0.07 0.07 117 1445.59 7300.60 5068.33 Portage-117 P11-08 54.50 60.51 6.00 6.00 0.43 0.43 117 1432.29 7275.35 5063.67 Portage-117 P11-10 52.30 57.50 5.20 5.20 0.47 0.47 117 1436.08 7249.94 5065.36 Portage-117 P11-100 18.80 26.00 7.20 7.20 2.02 2.02 117 1664.69 6399.56 5080.22 Portage-117 P11-11 29.00 36.00 7.00 7.00 0.73 0.73 117 1455.06 7251.40 5087.09 Portage-117 P11-38 16.50 26.90 10.40 10.40 0.81 0.81 117 1474.97 7299.98 5094.41 Portage-117 P11-41 9.40 14.80 5.40 5.40 7.98 7.98 117 1500.00 7250.00 5103.90 Portage-117 P11-43 4.60 11.00 6.40 6.40 0.08 0.08 117 1474.95 7199.96 5108.42 Portage-117 P11-48 22.50 30.00 7.50 7.50 0.30 0.30 117 1480.12 7049.73 5096.62 Portage-117 P11-49 7.50 20.20 12.70 12.70 0.83 0.83 117 1510.13 7049.84 5109.20 Portage-117 P11-51 8.37 24.90 16.53 16.53 0.47 0.47 117 1515.49 7000.20 5106.25 Portage-117 P11-59 32.00 38.00 6.00 6.00 0.53 0.53 117 1650.25 6574.79 5077.35 Portage-117 P11-82 35.10 44.00 8.90 8.90 0.12 0.12 117 1650.14 6524.60 5071.65 Portage-117 P11-90 28.50 34.90 6.40 6.40 0.60 0.60 117 1620.12 6749.65 5081.35 Portage-117 P11-95 29.00 34.00 5.00 5.00 0.26 0.26 117 1632.07 6700.01 5082.55
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-117 P11-96 33.00 39.00 6.00 Length6.00 0.20 0.20 117 1629.99 6724.98 5076.96 Portage-117 TP02-389 50.61 56.50 5.89 3.70 0.03 0.03 117 1667.41 6550.12 5080.81 Portage-117 TP02-396 43.60 48.85 5.25 5.25 0.47 0.47 117 1679.87 6499.55 5087.50 Portage-117 TP07-710 28.50 36.50 8.00 8.00 1.49 1.49 117 1504.93 7049.63 5106.39 Portage-117 TP07-719 36.80 53.99 17.19 17.19 0.47 0.47 117 1611.36 6773.56 5088.93 Portage-117 TP07-721 26.70 43.00 16.30 16.30 0.57 0.57 117 1508.45 7024.83 5103.52 Portage-117 TP96-126 14.00 18.09 4.09 4.00 3.89 3.89 117 1705.65 6325.63 5117.39 Portage-117 TP96-157 56.90 61.92 5.02 4.00 0.21 0.21 117 1696.77 6247.10 5087.93 Portage-117 TP99-337 16.90 21.20 4.30 4.30 0.96 0.96 117 1720.50 6304.31 5114.72 Portage-117 TP99-344 8.00 8.50 0.49 0.49 1.95 1.95 117 1746.04 6325.65 5127.20 Portage-117 TP99-348 19.50 24.80 5.30 5.30 0.19 0.19 117 1709.07 6264.11 5113.04 Portage-117 TP99-349 9.60 11.70 2.10 2.10 0.57 0.57 117 1729.93 6263.70 5123.66 Portage-117 TP99-350 20.90 25.30 4.40 4.40 0.14 0.14 117 1736.08 6242.20 5114.58 Portage-118 90014 53.00 58.00 5.00 5.00 1.20 1.20 118 2035.67 5960.28 5101.74 Portage-118 90026 8.35 24.72 16.37 16.37 1.89 1.89 118 2062.99 5920.34 5129.89 Portage-118 90035 55.00 58.88 3.88 3.88 10.44 10.44 118 1892.01 5959.89 5079.94 Portage-118 91041 8.00 9.83 1.83 0.00 0.00 0.00 118 2055.52 5958.88 5134.99 Portage-118 91042 66.51 71.31 4.80 4.79 0.05 0.05 118 2049.71 5920.35 5092.66 Portage-118 TP07-715 53.09 56.80 3.71 0.00 0.00 0.00 118 1899.90 5920.64 5080.94 Portage-118 TP07-747 44.80 53.00 8.20 8.20 0.03 0.03 118 2060.60 5919.90 5109.29 Portage-118 TP07-749 7.59 25.82 18.23 18.23 1.23 1.23 118 2063.06 5919.68 5131.01 Portage-118 TP95-082 57.90 63.00 5.10 5.10 0.30 0.30 118 2026.06 5842.17 5091.03 Portage-118 TP95-083 44.00 48.25 4.25 4.25 1.39 1.39 118 2083.49 5843.86 5109.28 Portage-118 TP95-084 75.40 79.60 4.20 4.20 0.01 0.01 118 2045.99 5880.77 5086.11 Portage-118 TP95-085 38.30 48.20 9.90 9.90 0.75 0.75 118 2081.77 5880.11 5111.86 Portage-118 TP96-156 58.87 62.96 4.09 0.00 0.00 0.00 118 2001.64 5961.61 5086.84 Portage-118 TP97-185 51.82 55.87 4.05 4.05 0.03 0.03 118 1996.39 5842.43 5087.94 Portage-118 TP97-187 49.33 53.21 3.88 3.88 0.13 0.13 118 1976.92 5842.18 5087.59 Portage-118 TP97-189 57.00 61.00 4.00 4.00 0.59 0.59 118 1958.58 5879.99 5081.71 Portage-118 TP97-193 74.07 78.07 4.00 4.00 0.00 0.00 118 2016.54 5920.41 5073.79 Portage-118 TP97-194 70.60 74.70 4.10 4.10 0.16 0.16 118 1966.64 5960.45 5073.16 Portage-118 TP97-195 67.30 71.47 4.17 4.17 0.27 0.27 118 1971.04 5920.15 5071.02 Portage-118 TP97-197 63.80 68.27 4.47 4.47 0.03 0.03 118 1941.64 5960.20 5072.40 Portage-118 TP97-198 56.70 60.50 3.80 3.80 0.83 0.83 118 1930.27 5920.20 5078.61 Portage-118 TP97-200 73.80 78.98 5.18 5.18 0.24 0.24 118 1985.40 5880.40 5063.05 Portage-118 TP97-202 87.50 92.40 4.90 4.90 0.70 0.70 118 2019.32 5880.78 5058.24 Portage-118 TP98-235 52.83 56.59 3.76 0.00 0.00 0.00 118 1888.85 5920.44 5081.51
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-120 89002 1.98 2.39 0.41 Length0.00 0.00 0.00 120 1917.59 6093.17 5139.49 Portage-120 89002 2.48 2.60 0.11 0.10 0.03 0.03 120 1917.74 6093.27 5139.18 Portage-120 89012 18.42 24.00 5.58 5.00 0.25 0.25 120 1927.35 6063.01 5124.45 Portage-120 90014 43.00 52.00 9.00 9.00 1.10 1.10 120 2029.89 5960.28 5107.26 Portage-120 90016 6.00 12.98 6.98 6.98 6.70 6.70 120 1969.83 6048.32 5134.49 Portage-120 90017 18.13 31.73 13.60 13.60 0.66 0.66 120 1979.26 6010.22 5122.64 Portage-120 90018 35.65 40.80 5.15 5.15 0.06 0.06 120 1966.56 6000.99 5102.11 Portage-120 90019 5.00 17.21 12.20 12.20 6.34 6.34 120 2015.00 6000.00 5132.81 Portage-120 90025 7.00 22.04 15.04 15.04 4.47 4.47 120 1984.89 6036.89 5130.97 Portage-120 90026 4.01 5.84 1.83 1.83 1.70 1.70 120 2054.75 5920.34 5138.07 Portage-120 90033 5.01 28.30 23.29 23.29 2.22 2.22 120 2003.16 6026.61 5129.53 Portage-120 90035 43.65 47.81 4.16 4.16 0.14 0.14 120 1890.41 5958.77 5090.97 Portage-120 90036 23.00 28.50 5.50 5.50 0.03 0.03 120 1950.65 6038.67 5121.58 Portage-120 91042 46.11 59.01 12.90 12.90 1.01 1.01 120 2037.69 5920.35 5103.75 Portage-120 91043 21.50 27.00 5.50 5.50 0.61 0.61 120 2059.95 5800.15 5121.58 Portage-120 91044 52.50 58.30 5.80 5.80 0.08 0.08 120 2009.84 5800.02 5087.71 Portage-120 91045 25.30 30.00 4.70 4.70 0.36 0.36 120 1958.95 5799.93 5115.54 Portage-120 89002A 2.45 2.50 0.05 0.05 0.01 0.01 120 1917.80 6093.31 5139.30 Portage-120 GTP02-02 30.16 33.61 3.45 3.45 0.23 0.23 120 1912.46 5900.98 5113.32 Portage-120 TP03-442 40.08 45.51 5.42 5.42 3.55 3.55 120 2000.27 5773.86 5095.08 Portage-120 TP03-452 16.34 21.20 4.86 4.86 0.45 0.45 120 1769.93 6119.53 5117.73 Portage-120 TP03-453 14.20 17.76 3.56 3.56 0.20 0.20 120 1793.61 6150.22 5118.56 Portage-120 TP03-456 27.36 32.04 4.68 4.68 0.01 0.01 120 2019.21 5725.40 5107.65 Portage-120 TP03-462 5.90 10.00 4.10 4.10 0.17 0.17 120 1839.60 6150.01 5131.19 Portage-120 TP03-463 30.55 34.80 4.25 4.25 0.07 0.07 120 1843.32 6095.79 5105.05 Portage-120 TP03-464 18.81 23.25 4.44 4.44 0.10 0.10 120 1879.36 6094.97 5119.24 Portage-120 TP03-465 24.60 36.85 12.25 12.25 5.09 5.09 120 1852.52 6034.19 5102.66 Portage-120 TP03-466 51.50 59.75 8.25 8.25 0.20 0.20 120 1878.44 6034.76 5087.70 Portage-120 TP07-703 7.75 12.30 4.55 4.55 0.17 0.17 120 1971.45 5750.16 5123.88 Portage-120 TP07-705 17.50 23.60 6.10 6.10 1.01 1.01 120 1972.70 5775.48 5113.95 Portage-120 TP07-706 20.50 24.00 3.50 3.50 0.15 0.15 120 1792.85 5960.12 5110.49 Portage-120 TP07-708A 37.10 41.30 4.20 4.20 0.32 0.32 120 1870.47 5940.75 5096.09 Portage-120 TP07-712 26.20 33.20 7.00 7.00 1.16 1.16 120 1859.61 5960.23 5105.31 Portage-120 TP07-715 35.00 40.00 5.00 5.00 1.63 1.63 120 1899.90 5920.40 5098.38 Portage-120 TP07-716 38.30 42.30 4.00 4.00 0.15 0.15 120 1821.62 6001.22 5100.48 Portage-120 TP07-718 27.20 31.40 4.20 4.20 1.00 1.00 120 1831.31 6035.05 5110.16 Portage-120 TP07-725 28.40 32.50 4.10 4.10 0.02 0.02 120 1811.87 6065.66 5108.21
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-120 TP07-726 29.00 33.70 4.70 Length4.70 0.02 0.02 120 1816.83 6094.91 5104.48 Portage-120 TP07-737 33.90 38.50 4.60 4.60 0.65 0.65 120 1732.10 6149.56 5105.79 Portage-120 TP07-740 3.30 7.00 3.69 3.69 0.02 0.02 120 1912.31 6094.92 5136.75 Portage-120 TP07-747 34.50 39.00 4.50 4.50 0.85 0.85 120 2051.81 5919.90 5117.68 Portage-120 TP95-082 47.81 52.81 5.00 5.00 0.30 0.30 120 2019.94 5842.17 5099.10 Portage-120 TP95-083 30.70 35.20 4.50 4.50 0.54 0.54 120 2074.30 5843.76 5118.72 Portage-120 TP95-084 64.55 69.10 4.55 4.55 0.83 0.83 120 2038.31 5880.70 5093.52 Portage-120 TP95-085 12.20 25.10 12.90 9.10 0.68 0.68 120 2064.68 5879.94 5129.55 Portage-120 TP95-087 38.20 42.20 4.00 4.00 0.39 0.39 120 1926.21 6019.18 5103.32 Portage-120 TP95-089 37.43 42.02 4.58 0.00 0.00 0.00 120 1910.49 6049.84 5104.38 Portage-120 TP95-091 4.20 9.20 5.00 5.00 0.24 0.24 120 1824.46 6178.08 5131.95 Portage-120 TP95-092 14.64 18.60 3.96 3.00 0.16 0.16 120 1806.17 6169.56 5120.34 Portage-120 TP96-136 17.26 23.26 6.00 5.99 0.01 0.01 120 2021.76 5700.23 5117.98 Portage-120 TP96-152 7.52 11.72 4.20 4.20 0.10 0.10 120 1853.16 6137.24 5130.11 Portage-120 TP96-156 50.35 56.01 5.66 5.66 0.08 0.08 120 1997.77 5961.57 5093.53 Portage-120 TP97-166 32.12 40.12 8.00 8.00 0.76 0.76 120 1995.00 5750.91 5103.50 Portage-120 TP97-185 38.12 45.12 7.00 7.00 2.62 2.62 120 1992.43 5842.39 5099.50 Portage-120 TP97-187 35.85 39.85 4.00 4.00 0.13 0.13 120 1977.39 5842.18 5101.00 Portage-120 TP97-189 37.30 42.30 5.00 5.00 0.32 0.32 120 1962.38 5880.03 5100.53 Portage-120 TP97-191 19.30 24.42 5.12 5.12 3.97 3.97 120 1956.23 5841.38 5115.48 Portage-120 TP97-193 54.65 60.30 5.65 5.65 2.73 2.73 120 2007.24 5920.32 5089.89 Portage-120 TP97-194 47.40 52.40 5.00 5.00 0.64 0.64 120 1956.73 5960.35 5093.63 Portage-120 TP97-195 58.56 66.56 8.00 8.00 1.71 1.71 120 1969.44 5920.13 5077.66 Portage-120 TP97-197 46.20 52.20 6.00 6.00 1.08 1.08 120 1939.71 5960.18 5089.12 Portage-120 TP97-198 34.30 40.10 5.80 5.80 1.65 1.65 120 1928.41 5920.19 5099.93 Portage-120 TP97-200 57.00 61.00 4.00 4.00 1.99 1.99 120 1984.32 5880.38 5080.41 Portage-120 TP97-202 51.90 56.40 4.50 4.50 0.28 0.28 120 2003.99 5880.63 5090.59 Portage-120 TP97-207 48.50 53.60 5.10 5.10 0.04 0.04 120 1875.70 6066.08 5091.92 Portage-120 TP97-209 8.90 13.30 4.40 4.40 0.11 0.11 120 1871.81 6119.76 5129.10 Portage-120 TP97-210 14.38 18.04 3.66 0.00 0.00 0.00 120 1826.28 6119.64 5119.45 Portage-120 TP97-212 29.90 40.70 10.80 10.80 4.44 4.44 120 1837.26 6065.58 5100.28 Portage-120 TP97-213 64.00 68.60 4.60 4.60 0.04 0.04 120 1907.65 6000.67 5073.08 Portage-120 TP97-215 38.00 42.50 4.50 4.50 0.10 0.10 120 1852.91 6000.26 5095.65 Portage-120 TP98-233 28.50 33.30 4.80 4.80 0.15 0.15 120 1823.24 5960.74 5104.01 Portage-120 TP98-234 3.50 7.65 4.15 4.15 0.04 0.04 120 1924.18 5840.04 5128.19 Portage-120 TP98-235 39.60 44.40 4.80 4.80 0.62 0.62 120 1885.64 5920.41 5093.81 Portage-120 TP98-239 9.70 15.00 5.30 5.30 0.08 0.08 120 1917.91 5880.30 5122.77
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-120 TP98-240 13.18 18.17 4.99 Length0.00 0.00 0.00 120 1794.09 6000.02 5118.57 Portage-120 TP98-268 16.90 27.41 10.51 10.51 1.96 1.96 120 1831.56 5920.76 5111.99 Portage-120 TP99-356 17.55 23.40 5.85 5.85 1.19 1.19 120 1763.64 5960.49 5115.41 Portage-120 TP99-358 20.40 26.30 5.90 5.90 0.93 0.93 120 1778.63 5940.41 5113.44 Portage-120 TP99-361 29.30 33.81 4.51 4.51 1.19 1.19 120 1820.89 5940.59 5104.39 Portage-120 TP99-363 25.80 31.30 5.50 5.50 1.85 1.85 120 1848.03 5920.43 5106.41 Portage-120 TP99-370 11.31 21.16 9.85 9.85 0.45 0.45 120 1984.44 5989.40 5126.02 Portage-120 TP99-371 21.95 29.24 7.29 7.29 0.04 0.04 120 1963.22 6023.98 5117.53 Portage-120 TP99-372 30.45 34.72 4.27 4.27 0.01 0.01 120 1930.27 6049.97 5113.06 Portage-121 NP03-480 56.91 61.00 4.09 0.00 0.00 0.00 121 1478.97 7401.12 5099.36 Portage-121 NP03-481 89.68 94.00 4.32 4.32 2.06 2.06 121 1447.48 7401.98 5068.81 Portage-121 NP03-482 113.00 117.35 4.35 4.35 0.24 0.24 121 1410.75 7397.60 5046.34 Portage-121 NP03-483 152.20 159.71 7.51 7.51 1.60 1.60 121 1375.68 7395.79 5003.26 Portage-121 NP05-586 19.00 23.00 4.00 4.00 0.57 0.57 121 1460.39 7499.17 5137.73 Portage-121 NP05-588 79.80 84.42 4.62 4.62 0.03 0.03 121 1394.84 7500.44 5078.69 Portage-121 NP05-594 86.73 92.01 5.28 5.28 0.16 0.16 121 1377.98 7549.73 5077.28 Portage-121 NP05-606 70.42 74.88 4.46 0.00 0.00 0.00 121 1393.73 7548.86 5093.16 Portage-121 NP06-623 18.98 23.98 5.00 5.00 0.42 0.42 121 1438.71 7550.49 5139.16 Portage-121 NP06-626 120.01 124.15 4.14 4.14 0.11 0.11 121 1258.75 7553.98 5029.41 Portage-121 NP06-628 49.22 53.72 4.49 4.49 0.13 0.13 121 1402.54 7548.56 5108.56 Portage-121 NP06-634 97.80 102.31 4.51 4.51 0.08 0.08 121 1352.92 7552.08 5054.33 Portage-121 NP06-636 120.74 125.00 4.26 4.26 0.00 0.00 121 1308.38 7555.14 5025.89 Portage-121 NP06-639 58.01 63.00 5.00 5.00 0.80 0.80 121 1404.10 7499.20 5097.92 Portage-121 NP06-641 87.50 91.70 4.20 4.20 1.65 1.65 121 1440.88 7449.91 5068.32 Portage-121 NP06-642 32.53 36.60 4.07 4.07 5.16 5.16 121 1492.29 7452.27 5124.51 Portage-121 NP06-643 175.50 179.25 3.75 3.75 0.01 0.01 121 1332.84 7397.53 4966.31 Portage-121 NP06-644 73.18 77.66 4.48 4.48 0.17 0.17 121 1462.27 7402.50 5084.20 Portage-121 NP06-647 127.85 131.85 4.00 4.00 0.14 0.14 121 1350.55 7449.00 5017.68 Portage-121 NP06-650 111.90 117.02 5.12 5.12 3.79 3.79 121 1376.22 7524.28 5047.99 Portage-121 NP06-651 128.16 132.49 4.33 4.33 0.91 0.91 121 1340.71 7522.78 5018.22 Portage-121 NP06-653 109.39 114.03 4.64 4.64 0.41 0.41 121 1366.50 7501.29 5044.36 Portage-121 NP06-654 133.57 138.32 4.75 4.75 0.06 0.06 121 1312.39 7500.91 5005.92 Portage-121 NP06-656 85.00 92.00 7.00 7.00 1.95 1.95 121 1392.45 7523.56 5081.34 Portage-121 NP06-657 60.01 64.01 4.00 4.00 0.33 0.33 121 1401.81 7526.71 5102.38 Portage-121 NP06-660 41.65 45.81 4.16 2.60 0.07 0.07 121 1428.21 7501.63 5118.83 Portage-121 NP06-663 17.90 22.50 4.60 4.60 0.42 0.42 121 1443.57 7524.07 5136.79 Portage-121 NP06-664 42.44 46.70 4.26 4.26 0.13 0.13 121 1414.88 7521.91 5115.06
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-121 NP06-667 37.00 41.00 4.00 Length4.00 0.25 0.25 121 1508.27 7400.15 5119.92 Portage-121 NP06-668 16.42 20.53 4.11 4.11 0.00 0.00 121 1533.26 7399.48 5138.86 Portage-121 NP07-745 103.50 107.50 4.00 4.00 0.91 0.91 121 1222.45 7549.99 5046.31 Portage-121 NP96-141 47.00 51.00 4.00 2.00 0.26 0.26 121 1530.54 7350.89 5116.66 Portage-121 NP96-142 81.51 85.72 4.20 4.20 1.77 1.77 121 1495.84 7350.76 5089.95 Portage-121 NP98-295 116.42 120.64 4.22 4.22 0.14 0.14 121 1385.96 7450.40 5039.07 Portage-121 NP98-297 97.20 101.32 4.12 4.12 0.34 0.34 121 1424.59 7450.55 5058.73 Portage-121 P11-17 95.20 100.10 4.90 4.90 0.83 0.83 121 1346.52 7476.97 5018.71 Portage-121 P11-18 65.00 87.00 22.00 22.00 6.56 6.56 121 1401.11 7476.80 5046.18 Portage-121 P11-19 26.00 30.50 4.50 4.50 0.39 0.39 121 1424.98 7475.00 5093.97 Portage-121 P11-20 16.00 21.00 5.00 5.00 0.95 0.95 121 1449.90 7474.55 5103.94 Portage-121 P11-21 0.00 4.00 4.00 2.80 0.24 0.24 121 1475.66 7476.04 5120.45 Portage-121 P11-22 38.00 43.50 5.50 5.50 0.78 0.78 121 1463.00 7448.78 5081.76 Portage-121 P11-24 65.00 71.90 6.90 6.90 9.07 9.07 121 1399.74 7425.72 5047.29 Portage-121 P11-25 65.00 69.50 4.50 4.50 0.42 0.42 121 1426.71 7425.94 5055.24 Portage-121 P11-26 56.70 61.20 4.50 4.50 2.98 2.98 121 1450.40 7425.33 5063.57 Portage-121 P11-27 22.60 29.60 7.00 7.00 0.02 0.02 121 1476.44 7424.79 5096.50 Portage-121 P11-33 78.30 84.50 6.20 6.20 4.23 4.23 121 1424.99 7375.37 5034.75 Portage-121 P11-34 46.90 52.00 5.10 5.10 0.24 0.24 121 1475.10 7375.09 5073.55 Portage-121 P11-35 19.80 24.80 5.00 5.00 0.44 0.44 121 1501.04 7375.71 5100.33 Portage-121 P11-37 0.00 6.00 6.00 4.80 0.35 0.35 121 1550.79 7326.08 5119.84 Portage-122 89012 5.00 9.18 4.18 4.18 0.73 0.73 122 1919.25 6057.34 5134.52 Portage-122 90014 24.00 29.10 5.10 5.10 2.01 2.01 122 2014.83 5960.28 5121.82 Portage-122 90017 4.00 6.50 2.50 0.00 0.00 0.00 122 1967.75 6002.15 5136.40 Portage-122 90018 4.75 13.10 8.35 8.35 1.49 1.49 122 1964.47 5999.53 5131.30 Portage-122 90025 3.78 6.00 2.22 2.22 0.66 0.66 122 1979.26 6032.95 5137.71 Portage-122 90035 29.00 33.50 4.50 4.50 1.41 1.41 122 1888.36 5957.33 5105.23 Portage-122 90036 14.71 20.55 5.84 5.84 0.21 0.21 122 1945.94 6035.38 5127.33 Portage-122 91042 34.51 39.01 4.50 4.50 0.10 0.10 122 2026.18 5920.35 5114.58 Portage-122 91044 42.52 48.77 6.25 6.25 0.05 0.05 122 2004.77 5800.02 5096.03 Portage-122 91045 17.98 22.50 4.52 4.52 1.25 1.25 122 1964.17 5799.93 5120.81 Portage-122 GTP02-02 2.80 7.15 4.35 4.35 1.91 1.91 122 1928.61 5906.40 5134.16 Portage-122 TP03-442 25.25 34.13 8.88 8.88 1.98 1.98 122 1994.65 5774.14 5106.91 Portage-122 TP03-452 6.60 10.78 4.18 4.18 6.98 6.98 122 1764.98 6119.65 5126.51 Portage-122 TP03-453 4.10 7.56 3.46 3.46 0.03 0.03 122 1791.85 6149.92 5128.55 Portage-122 TP03-456 11.50 16.50 5.00 5.00 0.01 0.01 122 2011.99 5725.35 5121.59 Portage-122 TP03-462 1.15 4.82 3.67 3.67 0.01 0.01 122 1838.73 6150.04 5136.08
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-122 TP03-463 25.26 29.45 4.19 Length4.19 0.08 0.08 122 1842.96 6095.68 5110.36 Portage-122 TP03-464 4.47 8.58 4.11 4.11 0.31 0.31 122 1874.81 6095.11 5133.02 Portage-122 TP03-465 7.65 12.60 4.95 4.95 1.21 1.21 122 1850.94 6034.28 5123.19 Portage-122 TP03-466 15.33 21.26 5.94 5.94 4.06 4.06 122 1859.63 6035.16 5119.95 Portage-122 TP07-703 3.50 7.00 3.49 3.00 0.86 0.86 122 1973.09 5750.11 5128.36 Portage-122 TP07-705 10.50 17.50 7.00 7.00 3.66 3.66 122 1974.93 5775.32 5120.10 Portage-122 TP07-706 15.00 19.50 4.50 4.50 0.43 0.43 122 1792.85 5960.05 5115.49 Portage-122 TP07-708A 27.60 32.60 5.00 5.00 0.64 0.64 122 1870.47 5940.71 5105.19 Portage-122 TP07-712 21.20 25.20 4.00 4.00 1.60 1.60 122 1859.61 5960.21 5111.81 Portage-122 TP07-715 21.00 25.21 4.20 3.00 1.96 1.96 122 1899.90 5920.23 5112.78 Portage-122 TP07-716 25.50 29.50 4.00 4.00 0.19 0.19 122 1828.36 6000.84 5111.36 Portage-122 TP07-718 12.20 18.20 6.00 6.00 1.57 1.57 122 1838.50 6034.78 5122.28 Portage-122 TP07-725 20.50 24.65 4.15 4.15 0.18 0.18 122 1815.22 6065.73 5115.33 Portage-122 TP07-726 18.50 23.00 4.50 4.50 0.17 0.17 122 1816.16 6094.84 5115.06 Portage-122 TP07-747 17.00 23.00 6.00 6.00 3.83 3.83 122 2039.74 5919.90 5129.29 Portage-122 TP95-082 22.20 30.30 8.10 8.10 1.36 1.36 122 2005.52 5842.17 5118.36 Portage-122 TP95-083 3.59 12.25 8.66 7.25 0.38 0.38 122 2056.73 5843.59 5136.54 Portage-122 TP95-084 23.41 30.20 6.80 6.80 3.44 3.44 122 2009.53 5880.40 5121.33 Portage-122 TP95-085 4.40 7.22 2.82 2.82 1.94 1.94 122 2055.77 5879.85 5138.79 Portage-122 TP95-087 24.15 28.60 4.45 2.00 0.00 0.00 122 1920.40 6015.18 5115.21 Portage-122 TP95-089 22.30 27.00 4.70 1.00 0.01 0.01 122 1904.13 6045.37 5117.31 Portage-122 TP96-152 3.00 4.70 1.70 0.00 0.00 0.00 122 1852.67 6136.89 5135.84 Portage-122 TP96-156 34.42 38.42 4.00 4.00 0.05 0.05 122 1989.39 5961.48 5108.05 Portage-122 TP97-166 6.00 13.00 7.00 7.00 29.76 13.48 122 1980.10 5750.75 5125.57 Portage-122 TP97-185 28.80 33.80 5.00 5.00 0.17 0.17 122 1989.13 5842.36 5109.28 Portage-122 TP97-187 23.70 27.97 4.27 0.00 0.00 0.00 122 1977.85 5842.19 5113.01 Portage-122 TP97-189 13.80 22.04 8.24 8.24 2.07 2.07 122 1966.62 5880.07 5121.99 Portage-122 TP97-191 11.50 15.85 4.35 4.35 0.96 0.96 122 1958.05 5841.40 5123.46 Portage-122 TP97-193 34.42 40.05 5.63 5.63 8.76 8.76 122 1997.12 5920.22 5107.42 Portage-122 TP97-194 38.10 43.10 5.00 5.00 0.12 0.12 122 1952.58 5960.31 5101.94 Portage-122 TP97-195 33.40 38.05 4.65 4.65 0.17 0.17 122 1963.24 5920.07 5103.77 Portage-122 TP97-197 33.40 37.50 4.10 1.26 0.03 0.03 122 1938.05 5960.17 5102.76 Portage-122 TP97-198 18.90 23.80 4.90 4.90 2.08 2.08 122 1927.03 5920.17 5115.72 Portage-122 TP97-200 11.60 21.55 9.95 2.00 0.35 0.35 122 1981.93 5880.36 5122.77 Portage-122 TP97-202 13.70 22.70 9.00 9.00 0.13 0.13 122 1988.35 5880.47 5122.95 Portage-122 TP97-207 29.28 34.48 5.21 0.00 0.00 0.00 122 1866.18 6065.98 5108.56 Portage-122 TP97-209 3.00 4.80 1.80 0.00 0.00 0.00 122 1870.54 6119.75 5136.19
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-122 TP97-210 3.00 7.10 4.10 Length0.00 0.00 0.00 122 1824.89 6119.63 5130.52 Portage-122 TP97-212 14.00 25.70 11.70 11.70 2.50 2.50 122 1836.57 6065.57 5115.71 Portage-122 TP97-213 33.69 39.21 5.53 0.00 0.00 0.00 122 1899.62 6000.59 5101.83 Portage-122 TP97-215 30.40 36.20 5.80 5.80 2.05 2.05 122 1851.00 6000.24 5102.33 Portage-122 TP98-233 12.30 16.41 4.11 3.70 1.09 1.09 122 1818.70 5960.69 5119.92 Portage-122 TP98-235 22.20 27.50 5.30 5.30 0.67 0.67 122 1881.26 5920.37 5110.39 Portage-122 TP98-240 3.70 3.75 0.05 0.00 0.00 0.00 122 1790.84 5999.99 5130.06 Portage-122 TP98-268 6.26 13.82 7.56 7.56 7.08 7.08 122 1828.41 5920.73 5123.69 Portage-122 TP99-358 12.03 18.10 6.07 6.07 2.40 2.40 122 1774.61 5940.23 5120.69 Portage-122 TP99-361 12.69 17.18 4.49 4.49 0.10 0.10 122 1815.17 5940.33 5119.99 Portage-122 TP99-363 7.80 13.60 5.80 5.80 1.57 1.57 122 1843.47 5920.22 5123.66 Portage-122 TP99-370 21.16 22.97 1.81 1.81 0.01 0.01 122 1986.57 5991.04 5120.85 Portage-122 TP99-371 16.00 21.43 5.43 5.43 2.15 2.15 122 1960.85 6022.15 5123.72 Portage-122 TP99-372 15.17 23.80 8.63 8.63 0.23 0.23 122 1924.04 6045.18 5123.54 Portage-125 90035 14.50 18.77 4.27 4.27 0.13 0.13 125 1886.28 5955.88 5119.63 Portage-125 90036 4.08 9.00 4.92 4.92 0.41 0.41 125 1939.52 6030.88 5135.17 Portage-125 91042 5.00 10.00 5.00 5.00 2.04 2.04 125 2005.20 5920.35 5134.95 Portage-125 TP03-465 1.93 5.00 3.07 3.06 0.59 0.59 125 1850.37 6034.30 5129.83 Portage-125 TP03-466 4.00 10.23 6.23 6.23 0.74 0.74 125 1854.04 6035.28 5129.63 Portage-125 TP07-708A 13.90 18.10 4.20 4.20 0.51 0.51 125 1870.47 5940.67 5119.29 Portage-125 TP07-712 12.94 17.74 4.79 4.79 0.04 0.04 125 1859.61 5960.20 5119.67 Portage-125 TP07-715 6.00 10.00 4.00 4.00 0.09 0.09 125 1899.90 5920.07 5127.88 Portage-125 TP07-716 13.50 18.00 4.50 4.00 0.06 0.06 125 1834.48 6000.49 5121.38 Portage-125 TP95-082 5.00 8.40 3.40 3.40 0.65 0.65 125 1993.94 5842.17 5134.10 Portage-125 TP95-084 4.49 6.00 1.51 0.00 0.00 0.00 125 1994.10 5880.25 5136.38 Portage-125 TP95-087 12.71 17.31 4.60 0.00 0.00 0.00 125 1915.61 6011.87 5124.98 Portage-125 TP95-089 6.23 11.20 4.97 1.00 0.00 0.00 125 1897.41 6040.66 5130.97 Portage-125 TP96-156 5.00 10.00 5.00 5.00 1.62 1.62 125 1974.93 5961.34 5133.09 Portage-125 TP97-185 6.73 16.40 9.67 9.67 1.27 1.27 125 1982.91 5842.30 5128.00 Portage-125 TP97-187 5.53 13.70 8.17 1.34 0.00 0.00 125 1978.53 5842.20 5129.21 Portage-125 TP97-189 3.00 8.00 5.00 5.00 4.02 4.02 125 1969.04 5880.10 5134.18 Portage-125 TP97-193 5.40 9.80 4.40 4.40 0.26 0.26 125 1982.32 5920.07 5133.09 Portage-125 TP97-194 8.92 13.73 4.81 0.00 0.00 0.00 125 1939.09 5960.17 5127.92 Portage-125 TP97-195 10.50 15.34 4.84 4.84 5.52 5.52 125 1958.09 5920.02 5125.98 Portage-125 TP97-197 8.52 13.02 4.51 0.00 0.00 0.00 125 1934.90 5960.13 5127.24 Portage-125 TP97-198 3.00 4.60 1.60 1.60 2.11 2.11 125 1925.32 5920.15 5133.19 Portage-125 TP97-200 2.99 5.16 2.17 0.00 0.00 0.00 125 1981.17 5880.35 5135.24
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-125 TP97-202 3.00 5.70 2.70 Length2.70 0.04 0.04 125 1982.28 5880.41 5135.40 Portage-125 TP97-207 5.00 10.45 5.45 5.45 0.00 0.00 125 1854.17 6065.86 5129.52 Portage-125 TP97-213 15.30 20.90 5.60 5.60 0.91 0.91 125 1894.59 6000.54 5119.47 Portage-125 TP97-215 11.50 19.10 7.60 7.60 1.60 1.60 125 1846.04 6000.19 5119.63 Portage-125 TP98-233 4.45 9.77 5.32 5.32 0.79 0.79 125 1816.71 5960.67 5126.89 Portage-125 TP98-235 5.00 8.30 3.30 3.30 0.89 0.89 125 1876.53 5920.32 5127.96 Portage-125 TP99-361 8.03 12.69 4.66 4.66 6.03 6.03 125 1813.58 5940.26 5124.28 Portage-125 TP99-363 2.30 5.17 2.87 2.87 1.66 1.66 125 1841.67 5920.14 5130.39 Portage-125 TP99-370 3.70 8.71 5.01 5.01 4.93 4.93 125 1980.77 5986.57 5134.92 Portage-125 TP99-372 5.87 11.17 5.30 5.30 0.01 0.01 125 1918.81 6041.16 5132.30 Portage-130 CON08-17 26.00 31.00 5.00 5.00 1.13 1.13 130 1248.95 7800.68 5126.61 Portage-130 CON08-23 22.98 27.99 5.01 5.01 0.11 0.11 130 1241.90 7852.42 5131.51 Portage-130 NP02-433 76.92 81.50 4.58 4.58 0.24 0.24 130 1433.32 7313.87 5073.44 Portage-130 NP03-480 35.87 41.00 5.13 5.13 0.56 0.56 130 1468.87 7400.82 5117.22 Portage-130 NP03-481 77.63 81.67 4.04 4.04 13.01 13.01 130 1441.34 7401.75 5079.34 Portage-130 NP03-482 107.15 112.00 4.85 4.85 0.82 0.82 130 1407.80 7397.71 5051.10 Portage-130 NP03-483 134.05 138.67 4.62 4.62 0.27 0.27 130 1366.49 7396.31 5020.56 Portage-130 NP05-575 72.30 76.28 3.98 3.98 0.70 0.70 130 1233.14 7650.92 5088.55 Portage-130 NP05-577 75.85 80.00 4.15 4.15 0.50 0.50 130 1263.98 7700.90 5081.49 Portage-130 NP05-584 57.13 62.00 4.87 4.87 0.82 0.82 130 1373.09 7625.11 5107.61 Portage-130 NP05-585 33.35 38.01 4.66 4.66 0.23 0.23 130 1256.66 7750.05 5123.81 Portage-130 NP05-586 4.31 9.80 5.49 5.49 0.15 0.15 130 1453.10 7499.65 5149.61 Portage-130 NP05-588 67.82 73.00 5.18 5.18 1.86 1.86 130 1388.39 7500.36 5088.45 Portage-130 NP05-589 91.89 96.29 4.39 4.39 0.01 0.01 130 1326.09 7625.82 5068.04 Portage-130 NP05-590 49.15 53.45 4.30 4.30 0.06 0.06 130 1265.67 7725.51 5101.30 Portage-130 NP05-592 71.29 75.76 4.47 4.47 0.54 0.54 130 1364.45 7599.15 5091.79 Portage-130 NP05-593 37.86 42.00 4.14 4.14 0.47 0.47 130 1380.28 7599.27 5120.30 Portage-130 NP05-594 74.46 79.03 4.57 4.57 0.42 0.42 130 1370.56 7549.76 5087.49 Portage-130 NP05-596 68.00 72.60 4.60 4.60 0.04 0.04 130 1243.15 7700.30 5096.57 Portage-130 NP05-597 64.50 68.95 4.45 4.45 1.49 1.49 130 1286.98 7700.90 5085.34 Portage-130 NP05-598 44.72 48.80 4.08 4.08 0.09 0.09 130 1325.95 7698.43 5114.54 Portage-130 NP05-601 88.60 93.59 4.99 0.00 0.00 0.00 130 1320.09 7648.03 5078.46 Portage-130 NP05-602 78.11 83.08 4.97 4.97 0.40 0.40 130 1263.06 7651.55 5068.86 Portage-130 NP05-604 75.43 79.73 4.30 2.71 0.37 0.37 130 1351.07 7623.77 5086.15 Portage-130 NP05-605 86.50 93.35 6.85 6.85 4.73 4.73 130 1340.16 7596.36 5074.39 Portage-130 NP05-606 59.00 63.44 4.45 4.00 0.46 0.46 130 1386.58 7549.02 5102.07 Portage-130 NP06-609 87.04 91.44 4.40 4.40 0.09 0.09 130 1275.84 7679.29 5061.59
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-130 NP06-614 69.75 74.33 4.58 Length4.58 0.49 0.49 130 1253.26 7624.79 5076.84 Portage-130 NP06-615 95.70 99.97 4.27 4.27 0.23 0.23 130 1312.18 7598.80 5053.55 Portage-130 NP06-617 86.50 91.75 5.25 5.25 0.21 0.21 130 1274.08 7599.52 5061.43 Portage-130 NP06-623 5.21 6.21 1.00 1.00 0.98 0.98 130 1429.44 7550.12 5151.90 Portage-130 NP06-626 90.01 94.27 4.26 4.26 0.00 0.00 130 1265.96 7553.05 5058.45 Portage-130 NP06-628 32.72 36.96 4.24 4.24 0.56 0.56 130 1393.64 7549.00 5122.60 Portage-130 NP06-634 86.35 90.70 4.35 4.35 33.52 16.70 130 1349.04 7551.78 5065.18 Portage-130 NP06-636 98.85 102.88 4.03 4.03 0.00 0.00 130 1310.09 7554.14 5047.80 Portage-130 NP06-639 48.00 52.00 4.00 4.00 0.62 0.62 130 1398.21 7499.34 5106.62 Portage-130 NP06-641 59.40 64.60 5.20 5.20 2.03 2.03 130 1429.22 7449.86 5093.34 Portage-130 NP06-642 2.78 7.50 4.72 2.50 0.06 0.06 130 1478.68 7452.87 5150.60 Portage-130 NP06-643 164.75 169.20 4.45 4.45 0.25 0.25 130 1330.71 7397.66 4976.49 Portage-130 NP06-644 57.61 62.55 4.94 4.94 4.33 4.33 130 1454.75 7402.08 5097.56 Portage-130 NP06-645 24.91 28.25 3.34 0.96 0.20 0.20 130 1274.15 7871.77 5131.31 Portage-130 NP06-647 114.04 118.35 4.31 4.31 0.08 0.08 130 1346.35 7449.07 5030.67 Portage-130 NP06-648 78.58 84.14 5.56 5.56 2.66 2.66 130 1356.21 7574.87 5076.47 Portage-130 NP06-649 97.00 101.00 4.00 4.00 0.70 0.70 130 1335.64 7575.00 5051.38 Portage-130 NP06-650 84.61 90.06 5.45 5.45 35.53 12.20 130 1362.73 7524.54 5071.52 Portage-130 NP06-651 103.48 107.78 4.30 4.30 0.37 0.37 130 1336.84 7523.24 5042.61 Portage-130 NP06-652 57.51 62.11 4.60 4.29 0.40 0.40 130 1369.90 7576.48 5102.59 Portage-130 NP06-653 99.04 103.79 4.75 4.75 0.74 0.74 130 1361.48 7501.19 5053.34 Portage-130 NP06-654 123.37 128.37 5.00 5.00 0.04 0.04 130 1312.32 7500.87 5016.00 Portage-130 NP06-655 29.95 34.00 4.05 2.99 0.48 0.48 130 1382.66 7575.17 5126.42 Portage-130 NP06-656 67.25 72.00 4.75 4.75 0.99 0.99 130 1380.21 7523.89 5095.71 Portage-130 NP06-657 49.00 53.00 4.00 4.00 0.84 0.84 130 1394.57 7526.54 5110.65 Portage-130 NP06-658 41.50 45.54 4.03 3.66 0.04 0.04 130 1311.38 7725.30 5119.44 Portage-130 NP06-659 34.00 38.73 4.73 4.73 0.24 0.24 130 1382.42 7625.48 5125.85 Portage-130 NP06-660 32.65 36.50 3.85 3.85 0.08 0.08 130 1422.46 7501.30 5125.94 Portage-130 NP06-661 84.42 89.00 4.58 4.58 2.01 2.01 130 1298.69 7575.59 5064.12 Portage-130 NP06-663 1.75 8.00 6.25 6.25 0.56 0.56 130 1438.51 7524.09 5151.25 Portage-130 NP06-664 28.02 32.44 4.42 0.00 0.00 0.00 130 1407.14 7521.89 5127.14 Portage-130 NP06-665 3.21 7.00 3.79 3.79 0.09 0.09 130 1404.52 7600.05 5150.66 Portage-130 NP06-667 5.66 9.90 4.24 3.30 0.00 0.00 130 1490.40 7400.04 5145.52 Portage-130 NP07-746 92.00 97.00 5.00 5.00 0.37 0.37 130 1317.62 7569.58 5054.08 Portage-130 NP96-141 28.00 32.00 4.00 4.00 0.08 0.08 130 1516.74 7350.75 5129.72 Portage-130 NP96-142 69.01 73.01 4.00 4.00 0.04 0.04 130 1486.58 7350.67 5098.49 Portage-130 NP98-274 87.38 91.86 4.48 4.48 0.29 0.29 130 1451.41 7350.92 5081.56
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-130 NP98-275 111.40 115.80 4.40 Length4.40 0.39 0.39 130 1417.15 7351.28 5062.25 Portage-130 NP98-276 116.60 120.88 4.28 4.28 0.10 0.10 130 1400.68 7351.12 5042.02 Portage-130 NP98-295 106.68 110.82 4.14 4.14 0.35 0.35 130 1381.21 7450.36 5047.62 Portage-130 NP98-297 65.90 76.59 10.69 10.69 1.26 1.26 130 1411.37 7450.42 5083.43 Portage-130 NP98-302 102.78 107.57 4.79 4.79 0.03 0.03 130 1303.43 7650.72 5057.54 Portage-130 NP99-367 25.70 30.60 4.90 4.90 0.11 0.11 130 1339.12 7700.52 5129.83 Portage-130 NP99-368 60.30 64.50 4.20 4.20 2.08 2.08 130 1306.54 7701.41 5097.66 Portage-130 P11-05 57.50 61.76 4.26 0.00 0.00 0.00 130 1426.11 7350.54 5069.48 Portage-130 P11-07 61.00 63.70 2.70 2.70 0.10 0.10 130 1405.75 7322.84 5054.97 Portage-130 P11-17 66.90 71.80 4.90 4.90 0.74 0.74 130 1346.52 7476.97 5047.01 Portage-130 P11-18 17.00 29.00 12.00 12.00 1.51 1.51 130 1401.11 7476.80 5099.17 Portage-130 P11-19 6.50 12.00 5.50 5.50 0.44 0.44 130 1424.98 7475.00 5112.97 Portage-130 P11-20 0.00 5.00 5.00 3.70 0.19 0.19 130 1449.90 7474.55 5119.94 Portage-130 P11-22 0.00 3.00 3.00 1.80 0.35 0.35 130 1463.00 7448.78 5121.01 Portage-130 P11-23 63.10 68.00 4.90 4.90 0.19 0.19 130 1374.62 7425.33 5050.67 Portage-130 P11-24 28.00 39.00 11.00 11.00 1.71 1.71 130 1399.74 7425.72 5082.24 Portage-130 P11-25 36.00 42.00 6.00 6.00 40.36 21.36 130 1426.71 7425.94 5083.49 Portage-130 P11-26 20.40 25.40 5.00 5.00 0.94 0.94 130 1450.40 7425.33 5099.62 Portage-130 P11-32 52.00 56.50 4.50 4.50 0.35 0.35 130 1399.91 7375.13 5061.47 Portage-130 P11-33 46.50 51.50 5.00 5.00 0.15 0.15 130 1424.99 7375.37 5067.15 Portage-130 P11-34 25.90 31.40 5.50 5.50 2.64 2.64 130 1475.10 7375.09 5094.35 Portage-132 CON08-17 16.00 22.00 6.00 6.00 19.53 14.28 132 1248.95 7800.63 5136.11 Portage-132 CON08-23 10.00 15.00 5.00 5.00 0.10 0.10 132 1241.90 7852.06 5144.49 Portage-132 NP03-480 10.67 14.95 4.28 0.00 0.00 0.00 132 1456.26 7400.45 5139.52 Portage-132 NP03-481 29.24 36.10 6.86 6.86 4.54 4.54 132 1417.41 7400.88 5119.75 Portage-132 NP03-482 70.70 75.32 4.62 4.62 0.02 0.02 132 1388.45 7398.45 5082.12 Portage-132 NP03-483 116.28 122.88 6.60 6.60 0.89 0.89 132 1358.63 7396.75 5035.38 Portage-132 NP05-571 47.28 51.89 4.61 1.30 0.14 0.14 132 1351.78 7650.19 5111.34 Portage-132 NP05-572 13.73 17.75 4.02 4.02 0.25 0.25 132 1190.35 7650.67 5136.60 Portage-132 NP05-573 17.56 21.70 4.14 2.30 0.16 0.16 132 1344.14 7675.60 5139.16 Portage-132 NP05-574 40.81 45.47 4.67 1.00 0.00 0.00 132 1329.11 7675.72 5117.24 Portage-132 NP05-575 61.95 66.00 4.05 4.05 0.25 0.25 132 1239.04 7650.77 5097.01 Portage-132 NP05-576 35.16 39.65 4.49 4.49 10.51 10.51 132 1234.62 7699.29 5122.37 Portage-132 NP05-577 60.35 65.00 4.65 4.65 3.97 3.97 132 1270.27 7700.74 5095.39 Portage-132 NP05-584 47.45 51.83 4.38 4.33 0.62 0.62 132 1366.41 7625.08 5114.95 Portage-132 NP05-585 20.96 25.01 4.05 4.05 4.59 4.59 132 1263.66 7750.03 5134.39 Portage-132 NP05-587 5.18 10.24 5.06 5.06 0.34 0.34 132 1283.62 7750.21 5147.41
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-132 NP05-588 53.10 59.50 6.40 Length6.40 3.27 3.27 132 1380.53 7500.27 5100.17 Portage-132 NP05-589 58.01 63.49 5.48 5.48 0.75 0.75 132 1309.08 7625.49 5096.71 Portage-132 NP05-590 36.00 40.93 4.93 2.45 0.01 0.01 132 1265.67 7725.42 5114.14 Portage-132 NP05-591 32.70 37.00 4.30 4.30 0.34 0.34 132 1246.42 7725.50 5123.24 Portage-132 NP05-592 45.05 51.50 6.45 6.45 0.61 0.61 132 1349.45 7599.40 5112.08 Portage-132 NP05-593 11.00 19.32 8.32 8.32 1.73 1.73 132 1365.16 7599.70 5139.92 Portage-132 NP05-594 44.75 58.38 13.63 13.63 2.22 2.22 132 1355.67 7549.83 5107.79 Portage-132 NP05-595 22.00 26.00 4.00 4.00 1.07 1.07 132 1224.96 7699.95 5132.50 Portage-132 NP05-596 60.50 65.00 4.50 4.50 0.67 0.67 132 1247.76 7700.25 5102.55 Portage-132 NP05-597 50.00 55.00 5.00 5.00 3.99 3.99 132 1286.98 7700.65 5099.57 Portage-132 NP05-598 34.23 38.67 4.44 4.44 0.01 0.01 132 1320.49 7698.73 5123.26 Portage-132 NP05-599 6.98 11.35 4.37 4.37 0.09 0.09 132 1236.20 7749.91 5144.38 Portage-132 NP05-600 5.59 9.59 4.00 1.57 0.15 0.15 132 1230.89 7750.13 5147.73 Portage-132 NP05-601 72.73 77.20 4.47 2.28 0.23 0.23 132 1309.98 7648.38 5091.02 Portage-132 NP05-602 66.96 71.82 4.86 4.86 1.77 1.77 132 1263.06 7651.27 5080.06 Portage-132 NP05-603 37.47 41.76 4.29 4.29 0.91 0.91 132 1213.34 7651.58 5117.17 Portage-132 NP05-604 58.63 62.97 4.34 4.34 0.86 0.86 132 1342.01 7623.96 5100.27 Portage-132 NP05-605 65.49 69.48 3.99 3.99 10.19 10.19 132 1327.64 7597.18 5092.99 Portage-132 NP05-606 30.21 39.25 9.04 9.04 11.41 11.41 132 1370.04 7549.39 5122.76 Portage-132 NP06-607 59.04 63.00 3.96 3.96 0.00 0.00 132 1316.70 7679.56 5105.65 Portage-132 NP06-609 74.22 78.71 4.49 4.49 29.12 9.08 132 1275.84 7678.92 5074.36 Portage-132 NP06-611 47.45 51.61 4.16 4.16 0.46 0.46 132 1233.48 7676.13 5112.11 Portage-132 NP06-613 56.34 61.05 4.71 4.71 0.44 0.44 132 1217.91 7625.57 5103.44 Portage-132 NP06-614 49.41 54.30 4.89 4.89 2.30 2.30 132 1253.87 7624.78 5097.01 Portage-132 NP06-615 75.95 80.00 4.05 4.05 1.70 1.70 132 1307.93 7599.01 5072.95 Portage-132 NP06-617 65.64 71.15 5.51 5.51 1.25 1.25 132 1277.69 7599.44 5081.83 Portage-132 NP06-619 50.00 54.66 4.66 4.66 0.73 0.73 132 1242.44 7601.74 5101.67 Portage-132 NP06-620 40.31 45.00 4.70 4.69 0.05 0.05 132 1211.34 7604.17 5113.30 Portage-132 NP06-626 73.51 78.01 4.50 4.50 0.00 0.00 132 1270.03 7552.52 5074.31 Portage-132 NP06-628 6.33 11.25 4.92 4.92 3.98 3.98 132 1379.54 7549.70 5144.49 Portage-132 NP06-634 65.00 69.65 4.65 4.65 1.47 1.47 132 1341.85 7551.24 5085.12 Portage-132 NP06-636 74.15 79.08 4.93 3.85 0.00 0.00 132 1311.91 7553.08 5071.96 Portage-132 NP06-639 41.29 46.00 4.71 4.71 0.28 0.28 132 1394.64 7499.42 5111.88 Portage-132 NP06-641 41.82 47.45 5.63 5.63 21.42 5.21 132 1421.65 7449.83 5108.96 Portage-132 NP06-643 150.95 156.15 5.20 5.20 0.34 0.34 132 1327.94 7397.83 4989.62 Portage-132 NP06-644 15.34 21.15 5.81 5.81 2.20 2.20 132 1433.79 7400.91 5133.74 Portage-132 NP06-645 17.00 21.43 4.43 4.43 0.59 0.59 132 1274.14 7871.95 5138.67
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-132 NP06-647 95.60 99.85 4.25 Length4.25 0.12 0.12 132 1340.60 7449.18 5048.22 Portage-132 NP06-648 44.93 50.62 5.69 5.69 7.20 7.20 132 1341.12 7574.99 5106.48 Portage-132 NP06-649 49.06 54.02 4.96 2.74 0.09 0.09 132 1327.70 7575.10 5098.18 Portage-132 NP06-650 77.56 82.69 5.13 5.13 0.72 0.72 132 1359.15 7524.60 5077.79 Portage-132 NP06-651 96.00 100.48 4.48 4.48 0.15 0.15 132 1335.66 7523.39 5049.90 Portage-132 NP06-652 32.57 37.47 4.90 4.90 5.30 5.30 132 1354.83 7575.87 5122.25 Portage-132 NP06-653 88.25 93.25 5.00 5.00 1.20 1.20 132 1356.27 7501.09 5062.65 Portage-132 NP06-654 112.07 117.37 5.30 5.30 0.00 0.00 132 1312.24 7500.82 5027.15 Portage-132 NP06-655 13.67 17.73 4.06 4.06 2.19 2.19 132 1372.19 7575.18 5138.89 Portage-132 NP06-656 56.00 60.00 4.00 4.00 2.22 2.22 132 1372.62 7524.10 5104.51 Portage-132 NP06-657 29.03 44.50 15.47 15.47 2.78 2.78 132 1385.09 7526.31 5121.27 Portage-132 NP06-658 36.00 40.00 4.00 4.00 0.28 0.28 132 1307.93 7725.27 5123.75 Portage-132 NP06-659 26.00 30.00 4.00 4.00 0.82 0.82 132 1376.95 7625.39 5132.18 Portage-132 NP06-660 15.65 26.55 10.90 10.90 2.82 2.82 132 1413.89 7500.81 5136.33 Portage-132 NP06-661 69.80 74.00 4.20 4.20 0.92 0.92 132 1301.57 7575.46 5078.65 Portage-132 NP06-664 9.09 19.36 10.27 10.27 1.33 1.33 132 1398.36 7521.87 5140.51 Portage-132 NP07-746 56.50 62.50 6.00 6.00 1.41 1.41 132 1317.62 7569.58 5089.08 Portage-132 NP96-141 13.00 17.50 4.50 4.50 0.38 0.38 132 1505.99 7350.64 5139.81 Portage-132 NP96-142 32.00 37.01 5.00 5.00 2.08 2.08 132 1459.98 7350.40 5123.48 Portage-132 NP96-144 53.61 58.61 5.00 4.99 0.32 0.32 132 1333.00 7651.92 5103.54 Portage-132 NP96-145 45.33 50.17 4.83 4.83 0.36 0.36 132 1328.63 7674.12 5116.23 Portage-132 NP97-192 120.82 125.29 4.47 4.47 0.00 0.00 132 1289.53 7449.05 5015.79 Portage-132 NP98-274 37.55 42.70 5.15 5.15 0.77 0.77 132 1416.66 7350.57 5116.79 Portage-132 NP98-275 88.20 92.94 4.74 4.74 0.19 0.19 132 1400.58 7351.11 5078.25 Portage-132 NP98-276 92.76 97.05 4.29 4.28 0.01 0.01 132 1387.90 7350.99 5062.14 Portage-132 NP98-295 82.63 87.06 4.43 0.00 0.00 0.00 132 1369.48 7450.24 5068.45 Portage-132 NP98-297 54.66 59.20 4.54 4.54 1.94 1.94 132 1404.56 7450.35 5096.02 Portage-132 NP98-300 76.77 85.25 8.48 8.48 0.20 0.20 132 1385.43 7449.57 5080.40 Portage-132 NP98-302 81.38 86.05 4.67 4.67 0.50 0.50 132 1292.59 7650.61 5076.05 Portage-132 NP98-305 36.90 41.60 4.70 4.70 0.49 0.49 132 1370.27 7650.51 5119.51 Portage-132 NP99-367 11.80 17.50 5.70 5.70 0.30 0.30 132 1332.59 7700.22 5141.64 Portage-132 NP99-368 47.80 51.90 4.10 4.10 0.24 0.24 132 1300.36 7701.13 5108.58 Portage-132 P11-01 20.58 28.54 7.96 7.96 0.54 0.54 132 1248.84 7825.07 5139.70 Portage-132 P11-02 20.26 24.49 4.23 4.23 0.05 0.05 132 1276.51 7825.17 5141.43 Portage-132 P11-03 23.00 27.50 4.50 4.50 2.64 2.64 132 1253.88 7805.37 5139.24 Portage-132 P11-04 18.63 24.48 5.85 5.85 0.01 0.01 132 1279.32 7800.78 5142.56 Portage-132 P11-05 25.95 31.02 5.07 5.07 0.07 0.07 132 1406.45 7350.17 5093.62
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-132 P11-17 55.90 61.40 5.50 Length5.50 0.67 0.67 132 1346.52 7476.97 5057.71 Portage-132 P11-18 0.00 5.00 5.00 3.80 0.22 0.22 132 1401.11 7476.80 5119.67 Portage-132 P11-23 30.00 35.80 5.80 5.80 0.02 0.02 132 1374.62 7425.33 5083.32 Portage-132 P11-24 13.00 18.10 5.10 5.10 0.92 0.92 132 1399.74 7425.72 5100.19 Portage-132 P11-25 12.50 17.00 4.50 4.50 3.68 3.68 132 1426.71 7425.94 5107.74 Portage-132 P11-26 6.40 10.90 4.50 4.50 3.22 3.22 132 1450.40 7425.33 5113.87 Portage-132 P11-31 49.00 53.30 4.30 4.30 0.97 0.97 132 1374.85 7375.63 5064.60 Portage-132 P11-32 44.90 49.00 4.10 4.10 0.84 0.84 132 1399.91 7375.13 5068.77 Portage-132 P11-33 12.90 26.60 13.70 13.70 0.51 0.51 132 1424.99 7375.37 5096.40 Portage-132 P11-34 6.70 10.80 4.10 4.10 0.92 0.92 132 1475.10 7375.09 5114.25 Portage-134 NP02-432 22.18 26.30 4.11 2.95 0.01 0.01 134 1385.59 7276.16 5118.39 Portage-134 NP02-433 16.15 20.77 4.62 4.62 0.01 0.01 134 1407.22 7314.86 5128.29 Portage-134 NP03-481 6.17 9.95 3.78 3.78 0.02 0.02 134 1404.68 7400.41 5140.81 Portage-134 NP03-482 39.80 44.60 4.80 4.80 0.08 0.08 134 1372.14 7399.08 5108.25 Portage-134 NP03-484 26.00 30.00 4.00 4.00 0.04 0.04 134 1359.17 7314.17 5115.78 Portage-134 NP05-571 28.33 35.77 7.44 7.44 7.06 7.06 134 1341.69 7650.04 5125.68 Portage-134 NP05-572 7.07 12.02 4.95 4.95 1.57 1.57 134 1193.87 7650.41 5141.70 Portage-134 NP05-573 3.50 9.20 5.70 5.70 2.41 2.41 134 1335.93 7675.36 5149.59 Portage-134 NP05-574 30.16 36.11 5.95 5.95 1.53 1.53 134 1323.03 7675.42 5125.18 Portage-134 NP05-575 43.50 47.83 4.33 4.33 1.22 1.22 134 1249.46 7650.52 5112.06 Portage-134 NP05-576 24.18 29.65 5.47 5.47 4.14 4.14 134 1241.07 7699.47 5130.65 Portage-134 NP05-577 34.27 48.30 14.03 14.03 5.12 4.73 134 1279.08 7700.52 5114.88 Portage-134 NP05-584 30.05 36.10 6.05 6.05 7.33 7.33 134 1355.06 7625.04 5126.99 Portage-134 NP05-585 14.07 18.80 4.73 4.73 1.28 1.28 134 1267.24 7750.02 5139.88 Portage-134 NP05-588 27.15 31.34 4.19 4.19 0.03 0.03 134 1365.27 7500.09 5122.50 Portage-134 NP05-589 48.18 52.92 4.74 4.74 0.81 0.81 134 1303.78 7625.39 5105.42 Portage-134 NP05-590 26.45 31.10 4.65 4.65 0.48 0.48 134 1265.67 7725.35 5123.82 Portage-134 NP05-591 23.10 27.20 4.10 4.10 31.81 23.78 134 1251.62 7725.41 5131.43 Portage-134 NP05-592 24.80 29.00 4.20 4.20 0.07 0.07 134 1336.48 7599.61 5129.07 Portage-134 NP05-593 4.22 9.50 5.28 5.28 7.28 7.28 134 1360.06 7599.85 5146.46 Portage-134 NP05-594 29.85 34.17 4.32 2.95 0.06 0.06 134 1343.88 7549.89 5123.39 Portage-134 NP05-595 12.50 17.00 4.50 4.50 2.08 2.08 134 1230.65 7699.97 5139.80 Portage-134 NP05-596 49.70 54.15 4.45 4.45 0.82 0.82 134 1254.35 7700.18 5111.14 Portage-134 NP05-597 27.86 36.02 8.16 8.16 9.00 9.00 134 1286.98 7700.30 5120.12 Portage-134 NP05-598 15.98 31.25 15.27 15.27 10.07 10.07 134 1313.55 7699.11 5134.05 Portage-134 NP05-601 62.11 66.22 4.11 4.11 4.64 4.64 134 1303.19 7648.62 5099.42 Portage-134 NP05-602 50.56 55.59 5.03 5.03 0.97 0.97 134 1263.06 7650.91 5096.37
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-134 NP05-603 23.05 30.67 7.62 Length7.62 2.12 2.12 134 1220.46 7651.11 5127.74 Portage-134 NP05-604 45.47 50.00 4.53 4.53 7.60 7.60 134 1334.81 7624.10 5111.16 Portage-134 NP05-605 48.40 53.20 4.80 4.80 1.68 1.68 134 1318.33 7597.79 5106.83 Portage-134 NP05-606 6.05 11.17 5.12 5.12 0.22 0.22 134 1353.77 7549.75 5143.19 Portage-134 NP06-607 43.55 55.32 11.77 11.77 7.12 7.12 134 1309.01 7678.72 5114.28 Portage-134 NP06-609 56.23 60.74 4.51 4.51 4.81 4.81 134 1275.84 7678.26 5092.32 Portage-134 NP06-611 38.01 42.86 4.85 4.85 1.73 1.73 134 1239.07 7675.92 5119.29 Portage-134 NP06-613 36.50 40.91 4.41 4.41 0.67 0.67 134 1230.28 7625.30 5119.14 Portage-134 NP06-614 37.67 46.08 8.41 8.41 1.69 1.69 134 1254.16 7624.77 5106.99 Portage-134 NP06-615 54.50 59.22 4.72 4.72 0.01 0.01 134 1303.35 7599.23 5093.56 Portage-134 NP06-617 53.55 57.84 4.29 4.29 0.85 0.85 134 1279.90 7599.38 5094.34 Portage-134 NP06-619 35.75 41.00 5.25 5.25 0.55 0.55 134 1248.68 7601.21 5114.15 Portage-134 NP06-620 33.05 38.00 4.95 4.95 0.12 0.12 134 1215.35 7603.39 5119.14 Portage-134 NP06-621 13.23 17.71 4.48 4.48 0.13 0.13 134 1178.08 7600.14 5135.89 Portage-134 NP06-634 36.20 40.49 4.29 4.29 0.07 0.07 134 1331.97 7550.49 5112.35 Portage-134 NP06-636 46.50 52.00 5.50 5.50 0.08 0.08 134 1313.97 7551.87 5099.22 Portage-134 NP06-639 7.94 12.31 4.37 4.37 2.11 2.11 134 1375.72 7499.86 5139.54 Portage-134 NP06-641 4.06 9.09 5.03 5.03 0.03 0.03 134 1404.60 7449.76 5142.99 Portage-134 NP06-648 26.35 31.12 4.77 4.77 0.05 0.05 134 1332.60 7575.05 5123.50 Portage-134 NP06-649 33.81 38.93 5.12 3.89 1.11 1.11 134 1325.18 7575.14 5113.14 Portage-134 NP06-650 51.17 55.85 4.68 3.48 0.04 0.04 134 1345.99 7524.85 5100.92 Portage-134 NP06-651 55.00 59.25 4.25 4.25 0.13 0.13 134 1328.94 7524.20 5090.46 Portage-134 NP06-652 12.54 16.70 4.16 4.16 0.07 0.07 134 1342.30 7575.36 5138.34 Portage-134 NP06-653 55.39 60.00 4.61 4.61 0.02 0.02 134 1340.11 7500.77 5091.48 Portage-134 NP06-655 4.89 9.24 4.35 4.34 0.89 0.89 134 1366.59 7575.19 5145.46 Portage-134 NP06-656 26.40 30.30 3.90 3.90 0.12 0.12 134 1353.24 7524.62 5126.94 Portage-134 NP06-657 8.65 13.00 4.35 4.35 0.73 0.73 134 1367.55 7525.90 5140.38 Portage-134 NP06-658 14.35 19.27 4.92 4.92 0.74 0.74 134 1294.51 7725.17 5140.15 Portage-134 NP06-659 5.95 15.00 9.05 9.05 4.88 4.88 134 1365.40 7625.19 5145.35 Portage-134 NP06-661 49.80 54.99 5.20 5.20 0.10 0.10 134 1305.33 7575.29 5097.78 Portage-134 NP07-744 38.10 43.00 4.90 4.90 0.54 0.54 134 1181.74 7575.89 5112.51 Portage-134 NP07-746 40.00 46.00 6.00 6.00 0.31 0.31 134 1317.62 7569.58 5105.58 Portage-134 NP96-142 6.00 9.06 3.06 0.00 0.00 0.00 134 1440.68 7350.20 5142.32 Portage-134 NP96-144 43.61 47.61 4.00 4.00 1.03 1.03 134 1327.19 7651.86 5112.28 Portage-134 NP96-145 37.55 43.95 6.40 6.40 1.17 1.17 134 1325.17 7670.58 5121.18 Portage-134 NP98-274 22.13 27.04 4.90 3.09 0.02 0.02 134 1405.61 7350.46 5127.71 Portage-134 NP98-275 33.57 38.24 4.67 0.00 0.00 0.00 134 1361.26 7350.72 5116.23
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-134 NP98-276 30.20 32.62 2.42 Length0.00 0.00 0.00 134 1353.16 7350.63 5115.27 Portage-134 NP98-295 61.80 66.01 4.20 4.01 0.10 0.10 134 1359.06 7450.13 5086.60 Portage-134 NP98-297 36.71 45.89 9.18 8.73 1.11 1.11 134 1397.08 7450.27 5109.74 Portage-134 NP98-302 69.93 77.14 7.21 7.21 1.25 1.25 134 1287.48 7650.56 5084.86 Portage-134 NP98-305 4.70 11.35 6.65 6.65 4.41 4.41 134 1354.25 7650.35 5146.31 Portage-134 NP99-368 30.19 34.40 4.21 4.20 0.79 0.79 134 1291.61 7700.74 5123.79 Portage-134 P11-17 15.00 20.70 5.70 5.70 0.06 0.06 134 1346.52 7476.97 5098.51 Portage-134 P11-23 0.00 2.20 2.20 1.00 0.10 0.10 134 1374.62 7425.33 5115.12 Portage-134 P11-31 0.00 1.38 1.38 0.00 0.00 0.00 134 1374.85 7375.63 5115.06 Portage-136 NP05-575 14.72 37.62 22.90 22.90 0.35 0.35 136 1260.44 7650.26 5128.17 Portage-136 NP05-576 14.19 19.70 5.51 0.14 0.00 0.00 136 1247.20 7699.64 5138.51 Portage-136 NP05-584 3.40 8.53 5.13 5.13 2.14 2.14 136 1336.52 7624.96 5146.71 Portage-136 NP05-589 36.21 45.55 9.34 9.34 1.17 1.17 136 1298.81 7625.29 5113.71 Portage-136 NP05-592 12.64 13.14 0.50 0.00 0.00 0.00 136 1327.87 7599.75 5140.12 Portage-136 NP05-596 42.00 46.00 4.00 4.00 0.85 0.85 136 1259.19 7700.13 5117.42 Portage-136 NP05-601 16.44 44.30 27.86 27.86 0.13 0.13 136 1282.15 7649.36 5125.85 Portage-136 NP05-602 11.47 40.06 28.60 28.60 0.24 0.24 136 1263.06 7650.34 5123.68 Portage-136 NP05-603 8.05 15.22 7.17 7.17 0.76 0.76 136 1229.06 7650.54 5140.29 Portage-136 NP05-604 19.64 26.52 6.88 5.65 0.02 0.02 136 1320.92 7624.38 5131.52 Portage-136 NP05-605 25.90 30.00 4.10 4.10 0.01 0.01 136 1305.58 7598.62 5125.77 Portage-136 NP06-607 21.50 27.00 5.50 5.50 0.01 0.01 136 1292.30 7676.90 5133.03 Portage-136 NP06-609 44.05 50.00 5.95 5.95 0.60 0.60 136 1275.84 7677.74 5103.77 Portage-136 NP06-611 22.00 27.60 5.60 5.60 0.62 0.62 136 1248.78 7675.55 5131.52 Portage-136 NP06-613 19.83 23.80 3.97 3.97 0.00 0.00 136 1240.70 7625.07 5132.43 Portage-136 NP06-614 26.00 29.99 4.00 4.00 0.46 0.46 136 1254.54 7624.76 5120.86 Portage-136 NP06-615 25.76 29.76 4.00 0.00 0.00 0.00 136 1296.92 7599.54 5121.94 Portage-136 NP06-617 25.66 29.77 4.10 0.00 0.00 0.00 136 1284.84 7599.27 5121.88 Portage-136 NP06-619 20.00 24.00 4.00 4.00 0.01 0.01 136 1256.07 7600.59 5128.74 Portage-136 NP06-620 9.00 13.73 4.73 4.73 2.84 2.84 136 1229.18 7600.69 5138.76 Portage-136 NP06-661 7.00 12.77 5.76 5.75 0.01 0.01 136 1313.61 7574.93 5139.48 Portage-136 NP96-144 9.10 13.52 4.42 3.90 0.46 0.46 136 1307.89 7651.67 5140.63 Portage-136 NP96-145 8.00 13.00 5.00 5.00 0.86 0.86 136 1310.20 7655.30 5142.57 Portage-136 NP98-302 11.75 49.55 37.80 23.18 0.20 0.20 136 1266.28 7650.34 5122.14 Portage-137 NP05-577 3.80 8.30 4.50 4.50 5.24 5.24 137 1293.56 7700.15 5147.00 Portage-137 NP05-590 8.10 12.07 3.97 2.90 0.01 0.01 137 1265.67 7725.20 5142.52 Portage-137 NP05-591 7.70 12.28 4.58 4.58 0.31 0.31 137 1259.69 7725.27 5144.27 Portage-137 NP05-597 3.85 5.90 2.05 2.05 0.28 0.28 137 1286.98 7699.87 5147.19
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Portage-137 NP05-598 4.03 5.97 1.94 Length1.94 0.03 0.03 137 1303.22 7699.69 5149.52 Portage-170 CON08-13 47.91 54.76 6.85 6.85 0.33 0.33 170 999.85 7941.02 5107.11 Portage-170 CON08-14 28.24 35.47 7.23 7.23 0.18 0.18 170 999.76 8033.00 5118.51 Portage-170 CON08-19 37.00 41.00 4.00 4.00 0.19 0.19 170 1000.50 7849.45 5110.28 Portage-170 CON08-20 51.00 56.07 5.07 1.00 0.00 0.00 170 1049.67 7850.53 5096.12 Portage-170 NP05-578 59.00 63.00 4.00 4.00 0.76 0.76 170 1050.71 7949.76 5089.61 Portage-170 NP05-579 19.18 23.45 4.27 4.27 0.15 0.15 170 964.89 7950.49 5120.32 Portage-170 NP05-581 18.62 23.00 4.38 4.38 0.42 0.42 170 992.98 8050.25 5121.27 Portage-170 NP05-582 56.41 60.70 4.30 4.30 1.26 1.26 170 1058.65 8052.45 5089.86 Portage-170 NP05-583 15.55 19.70 4.15 4.15 1.02 1.02 170 940.26 7900.15 5125.41 Portage-170 NP97-186 41.80 50.30 8.50 8.50 2.93 2.93 170 1003.25 7948.38 5105.43 Portage-170 NP97-222 21.40 25.60 4.20 4.20 2.95 2.95 170 1017.04 7998.66 5118.61 Portage-170 NP97-223 32.29 36.92 4.63 0.00 0.00 0.00 170 1003.00 7898.68 5109.87 Portage-170 NP97-224 68.20 73.30 5.10 0.00 0.00 0.00 170 1089.15 7948.12 5078.20 Portage-170 NP98-298 22.70 26.90 4.20 4.20 0.00 0.00 170 1045.84 8099.31 5116.50 Portage-170 NP98-299 40.40 44.50 4.10 0.00 0.00 0.00 170 1092.48 8099.56 5101.74 Portage-172 CON08-13 77.49 86.23 8.74 8.74 0.01 0.01 172 999.85 7962.18 5085.11 Portage-172 CON08-14 60.14 65.53 5.39 3.56 0.01 0.01 172 999.76 8054.04 5095.77 Portage-172 CON08-19 45.00 49.00 4.00 4.00 0.89 0.89 172 1000.50 7849.56 5102.28 Portage-172 CON08-20 60.00 65.00 5.00 2.00 0.00 0.00 172 1049.67 7850.79 5087.16 Portage-172 NP05-578 87.60 92.25 4.65 4.65 0.01 0.01 172 1041.31 7949.66 5062.26 Portage-172 NP05-579 41.81 46.12 4.31 4.31 0.27 0.27 172 964.89 7950.82 5097.67 Portage-172 NP05-581 41.00 45.00 4.00 4.00 0.20 0.20 172 986.12 8050.33 5100.16 Portage-172 NP05-582 76.65 80.77 4.12 4.12 0.74 0.74 172 1051.81 8053.20 5070.93 Portage-172 NP05-583 23.60 28.26 4.66 4.66 0.04 0.04 172 940.26 7900.30 5117.10 Portage-172 NP97-186 89.40 99.80 10.40 7.20 0.01 0.01 172 1033.14 7948.68 5067.17 Portage-172 NP97-190 28.80 33.40 4.60 4.60 2.26 2.26 172 924.06 7948.03 5108.58 Portage-172 NP97-221 46.80 51.70 4.90 4.90 1.41 1.41 172 953.55 7998.67 5090.30 Portage-172 NP97-222 58.10 66.80 8.70 8.70 1.51 1.51 172 1020.69 7998.70 5079.84 Portage-172 NP97-223 48.50 53.00 4.50 4.50 0.02 0.02 172 1004.33 7898.69 5093.78 Portage-172 NP98-298 45.95 50.80 4.85 4.85 0.16 0.16 172 1041.68 8099.27 5093.29 Portage-172 NP98-299 60.50 64.40 3.90 3.90 0.00 0.00 172 1088.67 8099.52 5082.11 Goose-100 91051 5.99 91.59 85.61 85.61 1.61 1.61 1100 2086.41 4900.56 5101.15 Goose-100 91051 95.01 127.99 32.98 32.98 7.57 7.57 1100 2041.16 4900.56 5057.75 Goose-100 91052 135.59 161.37 25.78 25.78 1.87 1.87 1100 2056.22 5025.06 5031.58 Goose-100 91053 64.00 80.00 16.00 16.00 0.68 0.68 1100 2099.48 4631.88 5084.04 Goose-100 91064 113.70 181.00 67.30 67.30 15.39 4.03 1100 2049.51 4800.14 5030.63
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Goose-100 09-MB-GD- 10.33 20.09 9.76 Length0.00 0.00 0.00 1100 2104.36 4387.00 5121.84 Goose-100 0932- MB-GD- 55.91 75.48 19.57 19.57 0.67 0.67 1100 2100.43 4423.17 5078.46 Goose-100 G0333 -438 17.47 36.10 18.63 18.63 1.46 1.46 1100 2099.21 4749.47 5113.11 Goose-100 G03-439 18.50 38.12 19.62 19.62 6.49 6.49 1100 2104.06 4725.44 5112.45 Goose-100 G03-440 24.70 45.19 20.50 20.50 6.66 6.66 1100 2107.39 4697.94 5107.67 Goose-100 G03-441 17.00 37.25 20.25 20.25 2.66 2.66 1100 2088.04 4774.48 5113.69 Goose-100 G04-498 702.52 731.98 29.46 27.91 0.23 0.23 1100 2019.74 4613.04 4481.42 Goose-100 G04-499 244.59 249.42 4.83 4.82 0.02 0.02 1100 2000.33 5095.78 4899.15 Goose-100 G04-500 260.18 267.72 7.54 7.54 1.01 1.01 1100 1988.25 4949.32 4913.86 Goose-100 G04-501B 368.57 462.45 93.87 86.87 0.75 0.75 1100 2001.17 4796.22 4752.64 Goose-100 G04-502 57.17 74.22 17.05 17.05 2.26 2.26 1100 2088.23 4973.40 5079.14 Goose-100 G04-504 138.70 180.74 42.04 42.04 2.03 2.03 1100 2023.34 4871.69 4997.91 Goose-100 G04-505 93.28 137.00 43.72 43.72 4.59 4.59 1100 2043.74 4875.22 5036.02 Goose-100 G04-506 43.95 61.31 17.36 17.36 4.11 4.11 1100 2058.90 4874.59 5089.33 Goose-100 G04-507 10.08 27.56 17.48 17.48 5.15 3.96 1100 2081.54 4874.79 5118.23 Goose-100 G04-508 138.54 198.60 60.05 60.05 3.09 3.09 1100 2058.82 4725.25 4992.68 Goose-100 G04-509 90.50 115.10 24.59 24.59 6.70 6.12 1100 2050.61 4922.39 5045.18 Goose-100 G04-510 105.58 130.50 24.92 17.42 1.24 1.24 1100 2073.00 4722.67 5035.67 Goose-100 G04-511 74.64 91.70 17.06 17.06 34.42 4.03 1100 2091.73 4725.39 5064.25 Goose-100 G04-512 53.57 65.30 11.73 11.73 1.85 1.85 1100 2075.23 4925.43 5085.21 Goose-100 G04-513 106.41 126.10 19.69 19.69 0.40 0.40 1100 2085.21 4672.64 5036.04 Goose-100 G04-514 27.68 34.80 7.12 7.12 0.87 0.87 1100 2099.39 4924.57 5108.78 Goose-100 G04-515 67.10 79.80 12.70 12.70 1.02 1.02 1100 2100.61 4674.19 5072.52 Goose-100 G04-516 52.43 65.20 12.77 12.77 2.02 2.02 1100 2090.25 4948.53 5085.07 Goose-100 G04-517 33.14 41.18 8.04 8.04 6.28 6.28 1100 2110.59 4973.15 5103.49 Goose-100 G04-518 12.28 25.46 13.18 13.18 2.32 2.32 1100 2111.21 4674.88 5117.63 Goose-100 G04-519 48.10 64.92 16.82 16.82 2.65 2.65 1100 2099.73 5001.33 5087.09 Goose-100 G04-520 81.24 96.40 15.16 15.16 2.30 2.30 1100 2076.40 5000.55 5061.92 Goose-100 G04-521 95.21 110.50 15.29 15.29 3.76 3.76 1100 2063.10 4975.47 5050.63 Goose-100 G04-522 102.36 122.73 20.37 20.02 4.60 4.60 1100 2051.88 4950.88 5041.42 Goose-100 G04-523 46.76 63.09 16.33 16.33 2.33 2.33 1100 2100.65 5024.33 5089.53 Goose-100 G04-524 14.21 29.56 15.34 15.34 28.13 3.97 1100 2111.85 4650.23 5116.84 Goose-100 G04-525 26.10 40.72 14.62 14.62 2.24 2.24 1100 2104.90 4623.97 5106.38 Goose-100 G04-526 80.40 88.80 8.40 8.40 2.10 2.10 1100 2097.98 4626.84 5064.66 Goose-100 G04-527 58.56 73.52 14.96 14.96 29.07 7.74 1100 2102.54 4602.39 5080.81 Goose-100 G04-528 115.33 127.16 11.83 11.83 0.44 0.44 1100 2085.15 4599.86 5036.98 Goose-100 G04-529 43.16 56.84 13.69 13.69 0.96 0.96 1100 2102.40 4574.33 5092.25
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Goose-100 G04-530 92.08 99.92 7.84 Length7.84 0.69 0.69 1100 2094.00 4576.95 5056.48 Goose-100 G05-532 20.42 24.29 3.87 3.87 0.15 0.15 1100 2115.11 5074.72 5114.54 Goose-100 G05-533 44.76 50.30 5.54 5.54 1.80 1.80 1100 2095.67 5076.51 5093.95 Goose-100 G05-535 25.36 38.23 12.87 12.87 2.11 2.11 1100 2119.03 5023.44 5108.34 Goose-100 G05-536 20.70 30.82 10.12 10.12 3.11 3.11 1100 2122.09 4999.40 5114.17 Goose-100 G05-537 111.72 126.66 14.94 14.94 4.73 4.73 1100 2056.02 5002.00 5035.43 Goose-100 G05-538 18.48 24.40 5.92 5.92 0.33 0.33 1100 2122.96 4975.21 5117.48 Goose-100 G05-540 123.75 139.28 15.53 15.53 5.85 5.85 1100 2046.49 4978.52 5026.06 Goose-100 G05-542 166.82 189.98 23.16 23.16 1.25 1.25 1100 2027.39 4973.77 4987.23 Goose-100 G05-544 174.91 188.90 13.99 13.99 0.96 0.96 1100 2013.26 4949.21 4979.34 Goose-100 G05-546 149.69 177.02 27.33 27.33 13.55 3.67 1100 2028.41 4924.44 4997.88 Goose-100 G05-548 149.24 171.04 21.80 21.80 0.74 0.74 1100 2039.02 5001.83 5001.66 Goose-100 G05-549 65.55 75.12 9.57 9.57 1.06 1.06 1100 2094.52 4547.93 5075.68 Goose-100 G05-550 20.40 34.66 14.26 14.26 1.77 1.77 1100 2106.06 4550.91 5111.25 Goose-100 G05-551 20.06 24.95 4.89 4.89 0.82 0.82 1100 2119.09 5050.00 5115.88 Goose-100 G05-552 8.56 23.75 15.19 15.19 3.07 3.07 1100 2106.25 4575.82 5120.44 Goose-100 G05-553 44.22 52.90 8.68 8.68 1.24 1.24 1100 2102.31 5051.81 5094.02 Goose-100 G05-554 18.90 38.32 19.42 19.42 2.40 2.40 1100 2105.32 4601.37 5110.16 Goose-100 G05-555 198.00 249.30 51.30 51.30 0.71 0.71 1100 2046.19 4723.62 4950.72 Goose-100 G05-556 70.07 81.00 10.93 10.93 2.00 2.00 1100 2084.19 5050.04 5071.77 Goose-100 G05-557 167.08 192.80 25.72 25.72 0.83 0.83 1100 2016.13 4906.86 4985.16 Goose-100 G05-558 31.28 39.24 7.96 7.96 5.46 5.46 1100 2104.21 4526.42 5105.24 Goose-100 G05-559 72.54 78.10 5.56 5.56 1.52 1.52 1100 2095.48 4526.57 5071.77 Goose-100 G05-560 123.60 147.20 23.60 23.60 0.50 0.50 1100 2090.55 4552.91 5022.34 Goose-100 G05-562 221.75 270.95 49.20 49.20 0.97 0.97 1100 2040.87 4772.79 4946.92 Goose-100 G05-565 20.81 39.00 18.19 18.19 6.95 5.94 1100 2103.45 4725.38 5110.76 Goose-100 G05-566 197.40 221.20 23.80 23.80 1.32 1.32 1100 2011.07 4862.56 4959.69 Goose-100 G05-568 115.22 130.20 14.98 14.98 0.43 0.43 1100 2071.56 5052.61 5033.16 Goose-100 G05-569 80.79 91.08 10.29 10.29 1.84 1.84 1100 2085.04 5075.83 5065.37 Goose-100 G05-570 25.10 28.90 3.80 3.80 0.05 0.05 1100 2106.29 5100.41 5112.72 Goose-100 G06-610 20.91 25.97 5.06 5.06 10.09 10.09 1100 2109.44 4498.73 5114.41 Goose-100 G06-612 221.06 235.25 14.19 14.19 2.62 2.62 1100 2009.62 4822.37 4937.22 Goose-100 G06-616 208.33 223.07 14.74 14.74 0.49 0.49 1100 2004.44 4924.31 4952.33 Goose-100 G06-624 138.40 147.03 8.63 8.63 0.42 0.42 1100 2054.73 5074.59 5012.70 Goose-100 G06-627 98.95 104.48 5.53 5.53 0.12 0.12 1100 2082.90 5096.71 5049.01 Goose-100 G07-672 258.10 273.00 14.90 14.90 0.62 0.62 1100 1983.98 4817.16 4902.94 Goose-100 G07-674 269.19 297.75 28.56 28.56 0.28 0.28 1100 1983.72 4784.77 4885.84
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Goose-100 G07-676 163.70 225.19 61.49 Length61.49 2.47 2.47 1100 2044.41 4745.02 4976.52 Goose-100 G07-678 233.13 267.00 33.87 33.87 0.49 0.49 1100 2024.54 4752.93 4924.28 Goose-100 G07-679 148.68 174.20 25.52 25.52 6.16 6.16 1100 2066.12 4674.23 5001.95 Goose-100 G07-680 124.00 131.43 7.43 7.43 2.31 2.31 1100 2053.54 5023.48 5025.06 Goose-100 G07-681 186.75 235.00 48.25 48.25 0.98 0.98 1100 2049.77 4689.69 4966.78 Goose-100 G07-683 73.00 97.00 24.00 24.00 8.27 8.27 1100 2048.39 4853.61 5065.95 Goose-100 G07-684 242.60 264.75 22.15 9.65 0.27 0.27 1100 2087.57 4539.22 4920.87 Goose-100 G07-686 139.50 164.75 25.25 22.80 2.09 2.09 1100 2072.26 4647.39 5017.40 Goose-100 G07-687 136.00 141.10 5.10 5.10 1.17 1.17 1100 2076.66 4625.82 5025.67 Goose-100 G07-688 292.30 304.60 12.30 8.45 0.04 0.04 1100 2064.21 4543.76 4880.96 Goose-100 G07-690 149.89 159.50 9.60 9.60 0.94 0.94 1100 2083.86 4599.04 5001.86 Goose-100 G07-691 239.60 247.80 8.20 8.20 0.00 0.00 1100 2085.62 4439.67 4933.94 Goose-100 G07-692 251.50 272.55 21.05 21.05 2.89 2.89 1100 2058.71 4635.06 4919.66 Goose-100 G07-696 283.45 326.00 42.55 42.55 1.05 1.05 1100 2065.61 4425.43 4882.32 Goose-100 G07-701 257.20 305.50 48.30 41.40 0.99 0.99 1100 2022.51 4678.57 4907.99 Goose-100 G08-793 122.03 131.52 9.48 9.48 0.99 0.99 1100 2088.12 4499.14 5029.06 Goose-100 G08-796 249.50 266.50 17.00 17.00 0.03 0.03 1100 2075.00 4388.77 4903.55 Goose-100 G08-796 289.90 334.50 44.60 44.60 0.61 0.61 1100 2098.11 4385.55 4854.63 Goose-100 G08-798 242.00 256.30 14.30 14.30 0.59 0.59 1100 2077.99 4500.44 4916.44 Goose-100 G08-799 378.50 389.60 11.10 11.10 0.23 0.23 1100 2074.67 4460.88 4805.94 Goose-100 G08-801 229.90 239.79 9.89 9.89 2.04 2.04 1100 2094.95 4359.72 4937.19 Goose-100 G08-804 503.00 529.00 26.00 26.00 1.13 1.13 1100 2067.35 4551.52 4696.86 Goose-100 G08-810 338.00 356.30 18.30 18.30 2.62 2.62 1100 2101.13 4346.95 4889.62 Goose-100 G08-811 351.00 373.00 22.00 23.00 3.15 3.15 1100 2114.32 4345.80 4857.98 Goose-100 G08-813A 413.00 445.00 32.00 32.00 1.30 1.30 1100 2126.65 4353.46 4769.14 Goose-100 G08-816 507.99 521.99 14.00 14.00 0.83 0.83 1100 2141.43 4365.43 4664.88 Goose-100 G08-818 476.68 528.92 52.24 52.24 0.29 0.29 1100 2109.10 4461.25 4719.07 Goose-100 G08-819 473.70 501.20 27.50 27.50 2.07 2.07 1100 2117.02 4414.25 4712.41 Goose-100 G08-820 432.00 446.00 14.00 14.00 0.20 0.20 1100 2082.44 4423.59 4793.62 Goose-100 G08-821 513.20 564.90 51.70 51.70 1.15 1.15 1100 2065.86 4588.25 4709.97 Goose-100 G08-823A 363.00 401.00 38.00 38.00 1.35 1.35 1100 2090.64 4387.89 4859.71 Goose-100 G09-13 722.00 761.00 39.00 39.00 0.30 0.30 1100 2053.50 4599.72 4479.20 Goose-100 G09-15 364.00 388.80 24.80 24.80 0.82 0.82 1100 2059.41 4491.68 4834.47 Goose-100 G09-16 402.90 431.20 28.30 22.40 0.63 0.63 1100 2085.15 4484.87 4769.58 Goose-100 G09-17 509.20 537.00 27.80 27.80 1.72 1.72 1100 2077.00 4494.70 4655.38 Goose-100 G09-18 367.00 439.00 72.00 72.00 0.72 0.72 1100 2143.81 4320.04 4790.31 Goose-100 G09-20 452.00 505.49 53.49 53.49 2.19 2.19 1100 2108.38 4460.33 4723.61
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Goose-100 G09-21 424.00 491.80 67.80 Length67.80 1.04 1.04 1100 2071.64 4570.33 4755.13 Goose-100 G09-22 364.90 378.90 14.00 14.00 0.13 0.13 1100 2047.93 4529.51 4836.58 Goose-100 G09-23 164.80 193.00 28.20 24.20 0.78 0.78 1100 2086.23 4548.50 4991.14 Goose-100 G09-24 203.20 208.70 5.50 5.50 0.59 0.59 1100 2097.39 4449.96 4974.18 Goose-100 G09-25 173.99 180.99 7.00 6.99 0.08 0.08 1100 2107.34 4450.79 4991.10 Goose-100 G09-26 77.50 84.00 6.50 6.50 0.46 0.46 1100 2090.06 4452.43 5069.82 Goose-100 G09-27 43.60 51.30 7.70 7.70 2.78 2.78 1100 2102.88 4450.32 5100.49 Goose-100 G09-28 157.50 163.00 5.50 5.50 0.11 0.11 1100 2110.43 4401.42 5007.81 Goose-100 G09-29 24.20 31.59 7.39 7.39 0.05 0.05 1100 2103.83 4400.62 5111.75 Goose-100 G09-30 191.10 195.50 4.40 4.40 0.99 0.99 1100 2108.07 4343.84 4980.93 Goose-100 G09-31 129.72 136.80 7.08 0.00 0.00 0.00 1100 2114.68 4351.95 5028.05 Goose-100 G09-32 72.31 79.91 7.60 7.60 1.11 1.11 1100 2109.51 4350.22 5072.09 Goose-100 G09-49 336.00 356.00 20.00 20.00 0.35 0.35 1100 2061.03 4450.41 4848.31 Goose-100 G09-50 395.00 459.00 64.00 64.00 0.71 0.71 1100 2038.76 4620.28 4775.84 Goose-100 G09-63 688.40 788.98 100.58 100.58 0.32 0.32 1100 2043.14 4649.99 4434.81 Goose-100 G09-70 275.20 282.90 7.70 7.70 2.58 2.58 1100 1982.70 4896.05 4902.45 Goose-100 G09-71 354.00 366.00 12.00 12.00 0.34 0.34 1100 2006.60 4983.33 4831.04 Goose-100 G09-77 41.00 53.50 12.50 12.50 1.28 1.28 1100 2095.62 4424.99 5098.52 Goose-100 G09-78 142.49 148.50 6.00 6.00 0.44 0.44 1100 2113.09 4419.51 5022.99 Goose-100 G09-79 192.00 201.00 9.00 9.00 0.54 0.54 1100 2095.23 4498.02 4971.44 Goose-100 G09-80 107.80 114.30 6.50 6.50 0.96 0.96 1100 2087.64 4478.64 5048.60 Goose-100 G09-81 57.20 66.80 9.60 9.60 4.18 4.18 1100 2102.94 4474.81 5086.15 Goose-100 G09-83 185.50 190.00 4.50 4.50 1.06 1.06 1100 2093.63 4525.99 4982.11 Goose-100 G09-85 234.00 266.80 32.80 26.90 0.61 0.61 1100 2016.13 4723.18 4912.84 Goose-100 G09-86 16.10 29.80 13.70 13.70 0.80 0.80 1100 2108.53 4475.00 5117.39 Goose-100 G09-87 11.90 25.09 13.19 13.19 2.02 2.02 1100 2112.41 4449.86 5121.63 Goose-100 G09-88 30.51 35.41 4.90 4.89 0.01 0.01 1100 2113.01 4351.56 5112.16 Goose-100 G10-04 345.91 353.00 7.09 7.09 0.44 0.44 1100 1989.05 5057.36 4847.05 Goose-100 G10-11 317.50 328.00 10.50 10.50 0.50 0.50 1100 1983.59 4756.53 4866.50 Goose-100 G10-12 413.30 534.00 120.70 120.70 0.43 0.43 1100 1991.28 4749.04 4732.84 Goose-100 G10-15 442.80 513.50 70.70 70.70 0.36 0.36 1100 2073.65 4680.10 4698.66 Goose-100 G10-16 570.00 619.00 49.00 49.00 0.45 0.45 1100 2065.15 4640.99 4595.94 Goose-100 G10-17 672.00 715.30 43.30 43.30 0.21 0.21 1100 2092.20 4558.93 4555.47 Goose-100 G95-065 38.20 43.05 4.85 4.85 1.61 1.61 1100 2109.41 4950.34 5106.41 Goose-100 G95-066 74.00 94.35 20.35 20.35 3.80 3.80 1100 2068.52 4950.43 5064.92 Goose-100 G95-067 30.00 58.20 28.20 28.20 1.32 1.32 1100 2065.72 4850.34 5103.28 Goose-100 G95-068 92.65 143.60 50.95 50.95 6.35 5.12 1100 2038.92 4850.57 5033.98
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Goose-100 G95-069 52.60 57.30 4.70 Length4.70 1.29 1.29 1100 2037.42 4800.55 5096.22 Goose-100 G95-069 65.49 95.20 29.70 29.70 4.34 4.34 1100 2056.05 4800.74 5078.97 Goose-100 G95-070 114.40 146.00 31.60 31.60 7.50 7.50 1100 2065.81 4751.44 5046.68 Goose-100 G95-071 162.80 194.60 31.80 30.80 1.07 1.07 1100 2021.88 4851.07 4986.90 Goose-100 G96-097 53.00 83.00 30.00 30.00 2.84 2.84 1100 2083.67 4750.19 5086.56 Goose-100 G96-098 153.40 198.85 45.45 45.45 1.45 1.45 1100 2052.11 4751.08 5011.64 Goose-100 G96-099 90.70 102.70 12.00 12.00 3.97 3.97 1100 2098.87 4700.10 5067.01 Goose-100 G96-100 138.96 193.74 54.78 54.78 2.20 2.20 1100 2041.22 4801.19 5016.72 Goose-100 G96-101 20.00 41.00 21.00 21.00 7.63 6.67 1100 2069.88 4799.82 5113.00 Goose-100 G96-102 137.45 160.50 23.05 23.05 2.66 2.66 1100 2076.74 4700.67 5029.01 Goose-100 G96-103 163.20 195.63 32.43 32.43 1.93 1.93 1100 2059.41 4701.20 4999.46 Goose-100 G96-104 22.00 44.74 22.74 20.00 1.52 1.52 1100 2072.42 4850.64 5110.44 Goose-100 G96-105 117.76 164.14 46.38 35.48 5.16 5.16 1100 2031.42 4850.48 5023.74 Goose-100 G96-106 73.50 85.00 11.50 11.50 0.83 0.83 1100 2102.50 4650.38 5079.46 Goose-100 G96-107 132.83 147.30 14.47 14.47 1.45 1.45 1100 2084.41 4650.62 5037.56 Goose-100 G96-108 134.14 147.00 12.86 12.86 2.54 2.54 1100 2034.30 4901.82 5027.22 Goose-100 G96-109 174.63 208.24 33.61 29.84 1.81 1.81 1100 2064.75 4650.89 4983.50 Goose-100 G96-110 36.73 55.74 19.01 17.00 1.60 1.60 1100 2078.96 4900.13 5102.03 Goose-100 G96-111 150.38 167.50 17.12 17.12 5.26 5.26 1100 2040.50 4950.88 5008.07 Goose-100 G96-112 169.00 174.37 5.37 5.37 0.27 0.27 1100 2031.26 5024.88 4986.63 Goose-100 G96-113 86.70 90.90 4.20 4.20 2.44 2.44 1100 2077.91 5024.69 5067.50 Goose-100 G96-114 50.52 56.70 6.18 6.18 0.64 0.64 1100 2082.99 5100.40 5089.95 Goose-100 G96-115 164.26 177.15 12.90 12.89 2.58 2.58 1100 2070.67 4601.05 4985.58 Goose-100 G96-116 127.41 132.00 4.59 4.59 0.13 0.13 1100 2060.06 5100.58 5023.24 Goose-100 G96-127 218.30 226.30 8.00 8.00 0.78 0.78 1100 2001.55 5000.30 4935.05 Goose-100 G96-128 78.29 82.29 4.00 4.00 0.13 0.13 1100 2098.67 4500.97 5077.28 Goose-100 G96-129 102.94 108.94 6.00 6.00 0.08 0.08 1100 2103.31 4401.66 5059.44 Goose-100 G96-130 240.00 257.00 17.00 17.00 2.01 2.01 1100 2057.99 4600.80 4916.02 Goose-100 G96-131 225.10 261.75 36.65 36.65 1.95 1.95 1100 2028.61 4700.69 4921.02 Goose-100 G96-132 204.43 219.99 15.56 15.56 1.32 1.32 1100 2098.94 4400.36 4955.69 Goose-100 G96-133 192.98 203.00 10.02 8.00 0.16 0.16 1100 2081.95 4500.98 4961.47 Goose-100 G96-134 229.68 241.08 11.40 7.22 4.89 4.89 1100 2011.41 4801.27 4935.40 Goose-100 G96-138 237.75 246.75 9.00 9.00 0.15 0.15 1100 1987.86 4900.93 4910.49 Goose-100 G97-160 388.20 412.70 24.50 24.50 0.71 0.71 1100 1976.29 4703.35 4751.29 Goose-100 G97-163 300.90 370.70 69.80 48.80 0.34 0.34 1100 1997.68 4599.62 4832.35 Goose-100 G97-163 387.30 398.10 10.80 10.80 2.87 2.87 1100 2021.30 4599.49 4780.58 Goose-100 G97-163 444.90 495.20 50.30 38.60 3.45 3.36 1100 2052.87 4598.81 4709.97
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Goose-100 G97-165 260.20 300.10 39.90 Length32.60 1.28 1.28 1100 2045.33 4397.37 4876.58 Goose-100 G97-165 352.00 423.60 71.60 49.70 1.31 1.31 1100 2085.59 4396.13 4776.76 Goose-100 G97-165 462.60 514.00 51.40 51.40 0.51 0.51 1100 2121.80 4395.72 4683.01 Goose-100 G97-182 84.40 95.40 11.00 11.00 6.18 6.18 1100 2058.88 4900.48 5065.58 Goose-100 G98-225 184.80 212.54 27.74 27.74 3.80 3.40 1100 2024.45 4801.04 4973.78 Goose-100 G98-226 262.18 288.48 26.29 26.29 0.45 0.45 1100 1995.20 4700.96 4880.69 Goose-100 G98-226 343.16 488.59 145.43 135.76 0.39 0.39 1100 2054.78 4701.56 4753.41 Goose-100 G98-227 83.60 136.40 52.80 52.80 1.57 1.57 1100 2047.53 4800.73 5052.76 Goose-100 G98-228 250.99 285.00 34.01 34.01 0.80 0.80 1100 2008.64 4600.92 4890.43 Goose-100 G98-228 371.31 431.54 60.22 45.57 1.02 1.02 1100 2064.12 4601.48 4769.09 Goose-100 G98-229 64.40 83.32 18.92 18.90 8.16 7.53 1100 2049.14 4850.34 5073.56 Goose-100 G98-231 82.56 108.72 26.16 26.16 4.39 4.39 1100 2076.81 4750.62 5064.57 Goose-100 G98-232 279.10 301.15 22.05 16.85 1.50 1.50 1100 2060.36 4499.98 4876.41 Goose-100 G98-238 486.16 513.03 26.88 24.66 0.28 0.28 1100 2082.79 4487.20 4683.38 Goose-100 G99-323 43.12 76.21 33.09 25.33 1.57 1.57 1100 2064.63 4827.77 5093.66 Goose-100 G99-324 77.53 133.70 56.17 56.17 3.02 3.02 1100 2048.93 4828.69 5050.06 Goose-100 G99-325 138.72 198.00 59.28 50.18 5.27 4.61 1100 2034.67 4819.90 4997.41 Goose-100 G99-329 50.10 76.50 26.40 26.40 1.53 1.53 1100 2068.60 4776.92 5084.90 Goose-100 G99-331 73.40 127.10 53.70 53.70 1.20 1.20 1100 2060.15 4778.09 5058.50 Goose-100 G99-332 118.99 170.99 52.00 52.00 2.33 2.33 1100 2048.88 4779.29 5023.03 Goose-100 G99-333 157.90 225.30 67.40 63.27 2.21 2.21 1100 2045.03 4771.73 4986.92 Goose-101 G04-504 210.73 218.17 7.44 7.44 2.23 2.23 1101 2052.16 4870.66 4951.41 Goose-101 G04-505 142.50 164.20 21.70 21.70 1.81 1.81 1101 2063.04 4875.40 5003.04 Goose-101 G04-506 73.00 80.80 7.80 7.80 0.27 0.27 1101 2072.07 4874.45 5068.95 Goose-101 G04-509 128.20 152.39 24.19 20.99 1.60 1.60 1101 2068.88 4921.60 5012.45 Goose-101 G04-520 105.75 110.79 5.05 5.05 3.07 3.07 1101 2087.71 5000.74 5046.09 Goose-101 G04-521 123.66 133.70 10.04 10.04 3.38 3.38 1101 2078.81 4975.60 5030.14 Goose-101 G04-522 130.29 141.47 11.18 11.18 1.64 1.64 1101 2065.27 4951.00 5022.31 Goose-101 G05-537 138.59 148.82 10.23 10.23 1.56 1.56 1101 2070.20 5002.44 5015.44 Goose-101 G05-540 144.33 151.88 7.55 7.55 0.57 0.57 1101 2056.18 4978.68 5012.60 Goose-101 G05-542 194.15 198.93 4.78 4.78 0.31 0.31 1101 2037.83 4973.16 4972.41 Goose-101 G05-544 194.82 199.91 5.09 5.09 0.48 0.48 1101 2021.82 4948.86 4966.48 Goose-101 G05-546 182.64 204.61 21.97 21.97 0.77 0.77 1101 2045.72 4923.61 4973.06 Goose-101 G05-548 174.67 180.37 5.70 5.70 0.92 0.92 1101 2049.00 5001.68 4987.43 Goose-101 G05-557 215.33 225.11 9.78 9.78 1.98 1.98 1101 2039.47 4908.44 4952.37 Goose-101 G05-562 276.00 278.84 2.84 2.84 0.49 0.49 1101 2062.27 4771.96 4924.41 Goose-101 G05-566 244.00 250.00 6.00 6.00 0.38 0.38 1101 2032.12 4858.32 4928.71
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Goose-101 G06-612 252.48 260.24 7.76 Length7.76 1.07 1.07 1101 2024.10 4822.06 4913.02 Goose-101 G06-616 230.00 240.26 10.26 10.26 0.90 0.90 1101 2014.68 4924.25 4935.82 Goose-101 G07-672 281.00 287.00 6.00 6.00 0.09 0.09 1101 1993.48 4816.15 4887.16 Goose-101 G07-676 230.00 237.74 7.74 7.74 0.20 0.20 1101 2067.88 4742.22 4944.99 Goose-101 G07-678 275.81 283.90 8.09 8.09 0.56 0.56 1101 2040.63 4753.27 4899.21 Goose-101 G07-680 139.00 144.41 5.41 5.41 3.91 3.91 1101 2060.83 5023.29 5013.12 Goose-101 G07-683 111.00 121.00 10.00 10.00 1.15 1.15 1101 2067.31 4854.93 5041.42 Goose-101 G95-066 106.70 111.70 5.00 5.00 60.57 11.65 1101 2082.51 4950.57 5044.17 Goose-101 G95-068 149.80 185.50 35.70 35.70 2.42 2.42 1101 2063.13 4850.82 4990.80 Goose-101 G95-071 216.85 234.85 18.00 18.00 1.57 1.57 1101 2049.18 4851.35 4948.46 Goose-101 G96-098 214.00 218.00 4.00 4.00 0.31 0.31 1101 2081.49 4751.38 4984.69 Goose-101 G96-100 203.78 217.78 14.00 14.00 0.55 0.55 1101 2072.64 4801.51 4985.31 Goose-101 G96-105 171.68 204.00 32.32 32.32 1.91 1.91 1101 2060.93 4850.78 4987.30 Goose-101 G96-108 158.96 189.91 30.95 30.95 1.41 1.41 1101 2057.81 4902.05 5002.95 Goose-101 G96-111 180.40 192.40 12.00 12.00 0.61 0.61 1101 2057.34 4951.05 4986.38 Goose-101 G96-134 261.00 266.00 5.00 5.00 0.70 0.70 1101 2026.93 4801.43 4911.95 Goose-101 G97-182 113.06 120.06 7.00 7.00 0.25 0.25 1101 2076.06 4900.66 5045.20 Goose-101 G98-225 238.50 252.10 13.60 13.60 1.32 1.32 1101 2052.75 4801.33 4936.73 Goose-101 G98-227 155.80 163.50 7.70 7.70 0.04 0.04 1101 2081.46 4801.07 5016.52 Goose-101 G98-229 105.80 114.61 8.80 8.80 1.85 1.85 1101 2070.59 4850.56 5044.22 Goose-101 G99-324 148.95 154.44 5.50 5.49 0.14 0.14 1101 2078.02 4830.00 5014.35 Goose-101 G99-325 209.20 215.80 6.60 6.60 3.66 3.66 1101 2060.70 4817.78 4961.83 Goose-101 G99-332 189.75 196.19 6.45 6.45 0.38 0.38 1101 2080.13 4780.70 4986.67 Goose-101 G99-333 230.10 235.00 4.90 4.90 0.71 0.71 1101 2071.82 4770.50 4955.97 Vault-100 GTVLT02-01 55.26 76.30 17.59 17.59 1.31 1.31 100 3222.82 4562.35 5085.51 Vault-100 GTVLT02-01 100.64 108.50 7.85 7.85 6.31 5.91 100 3235.06 4555.77 5049.30 Vault-100 GTVLT02-02 9.36 46.30 26.05 26.05 1.96 1.73 100 3122.08 4872.14 5117.69 Vault-100 GTVLT02-02 59.85 83.85 24.00 24.00 1.64 1.64 100 3132.33 4891.11 5079.32 Vault-100 GTVLT02-03 29.40 62.50 33.10 33.10 2.09 2.09 100 3107.72 4737.83 5104.41 Vault-100 GTVLT03-04 198.11 199.95 1.84 0.00 0.00 0.00 100 3461.57 4924.04 4953.88 Vault-100 VLT00-001 21.40 38.14 16.74 16.74 1.31 1.31 100 3061.06 4951.10 5115.18 Vault-100 VLT00-002 12.40 21.90 9.50 9.50 1.56 1.56 100 3030.39 4950.93 5126.60 Vault-100 VLT00-003 13.80 55.00 41.20 41.20 1.36 1.36 100 3082.73 4676.40 5115.82 Vault-100 VLT00-004 29.80 38.00 8.20 8.20 0.74 0.74 100 3033.68 5101.24 5110.12 Vault-100 VLT00-005 41.47 54.35 12.88 12.88 0.38 0.38 100 3176.60 4926.78 5098.04 Vault-100 VLT00-005 62.10 88.95 26.85 26.85 1.68 1.68 100 3163.90 4927.75 5073.54 Vault-100 VLT00-006 27.36 50.30 22.94 22.94 1.78 1.78 100 3089.94 4951.17 5106.45
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT00-007 35.35 44.70 9.35 Length9.35 4.32 4.29 100 3129.09 4927.24 5105.76 Vault-100 VLT00-007 53.40 70.20 16.80 16.80 1.79 1.79 100 3117.58 4928.11 5087.29 Vault-100 VLT00-008 3.74 38.87 29.12 29.12 2.63 2.63 100 3039.94 4675.83 5127.16 Vault-100 VLT00-009 100.04 108.50 3.32 3.32 0.15 0.15 100 3297.50 4930.76 5049.60 Vault-100 VLT00-010 55.30 66.85 11.55 11.55 3.59 3.59 100 3095.92 4502.26 5098.44 Vault-100 VLT00-011 80.75 90.05 9.30 9.30 3.75 3.75 100 3188.60 4501.68 5066.35 Vault-100 VLT00-012 98.43 102.73 4.30 4.30 0.16 0.16 100 3229.61 4353.69 5052.07 Vault-100 VLT00-013 65.60 69.80 4.20 4.20 3.75 3.75 100 3142.13 4352.29 5080.60 Vault-100 VLT00-014 51.00 55.85 4.85 4.85 1.74 1.74 100 3106.57 4351.44 5095.25 Vault-100 VLT00-015 34.50 73.70 39.20 39.20 1.91 1.91 100 3148.64 4676.34 5096.40 Vault-100 VLT00-016 53.18 102.55 43.17 43.17 1.77 1.77 100 3209.29 4677.20 5073.87 Vault-100 VLT00-017 23.70 59.50 35.80 35.80 1.61 1.61 100 3077.63 4576.34 5113.55 Vault-100 VLT00-018 35.65 80.75 45.10 45.10 1.99 1.99 100 3155.85 4577.29 5092.10 Vault-100 VLT00-019 48.00 55.00 7.00 7.00 3.62 3.62 100 3073.33 4426.45 5104.28 Vault-100 VLT00-020 67.55 75.70 8.15 8.15 2.37 2.37 100 3148.65 4427.01 5080.48 Vault-100 VLT00-021 60.10 71.40 11.30 11.30 0.55 0.55 100 3223.62 4574.22 5081.47 Vault-100 VLT00-021 89.10 98.40 9.30 9.30 4.02 4.02 100 3213.85 4574.97 5055.25 Vault-100 VLT00-022 3.45 37.65 28.60 28.60 1.42 1.42 100 3065.09 4800.95 5128.24 Vault-100 VLT00-023 35.90 64.10 19.45 19.45 1.19 1.19 100 3144.83 4802.46 5099.92 Vault-100 VLT00-024 86.35 106.85 20.50 20.50 3.36 3.36 100 3216.74 5102.56 5050.04 Vault-100 VLT00-026 116.90 129.85 12.95 12.95 2.94 2.94 100 3259.45 5103.34 5025.38 Vault-100 VLT01-028 90.00 95.73 5.73 5.73 0.49 0.49 100 3316.24 4580.97 5053.12 Vault-100 VLT01-028 123.75 129.63 5.88 5.88 3.65 3.65 100 3304.34 4583.24 5021.54 Vault-100 VLT01-029 153.00 181.00 28.00 28.00 2.25 2.25 100 3344.10 4809.36 4984.92 Vault-100 VLT01-030 140.90 145.50 4.60 4.60 1.26 1.26 100 3327.97 5106.16 5005.31 Vault-100 VLT01-030 154.05 163.30 9.25 9.25 2.12 2.12 100 3322.53 5106.81 4990.84 Vault-100 VLT01-033 139.48 152.15 12.67 12.67 1.44 1.44 100 3375.01 4936.59 5003.34 Vault-100 VLT01-033 165.50 174.90 9.40 9.40 1.16 1.16 100 3366.26 4938.26 4980.64 Vault-100 VLT01-034 174.94 179.50 4.56 4.56 0.28 0.28 100 3423.44 4926.29 4973.98 Vault-100 VLT01-034 208.15 212.80 1.80 1.80 0.19 0.19 100 3412.13 4928.45 4942.78 Vault-100 VLT01-035 225.60 230.88 5.28 5.28 0.41 0.41 100 3545.26 4941.67 4926.61 Vault-100 VLT01-035 256.54 262.80 6.26 6.26 0.82 0.82 100 3533.74 4944.08 4897.47 Vault-100 VLT01-036 191.70 205.58 13.88 13.88 0.63 0.63 100 3459.32 4812.54 4952.76 Vault-100 VLT01-036 210.20 233.63 23.43 23.43 1.18 1.18 100 3451.88 4813.96 4930.75 Vault-100 VLT01-037 125.70 131.10 5.40 5.40 1.33 1.33 100 3402.93 4584.22 5019.55 Vault-100 VLT01-037 155.00 174.60 19.60 19.60 0.51 0.51 100 3390.20 4586.88 4985.56 Vault-100 VLT01-038 131.35 136.45 5.10 5.10 1.86 1.86 100 3329.43 4512.90 5014.56
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT01-039 82.37 133.50 51.13 Length51.13 1.67 1.67 100 3302.27 4680.15 5038.34 Vault-100 VLT01-040 88.60 120.40 31.80 31.80 1.82 1.82 100 3229.68 4805.47 5041.60 Vault-100 VLT01-041 68.50 75.74 7.24 7.24 1.28 1.28 100 3250.79 4928.75 5071.97 Vault-100 VLT01-041 95.96 118.10 22.14 22.14 2.54 2.54 100 3239.23 4930.54 5039.08 Vault-100 VLT01-042 117.22 171.55 54.33 54.33 1.37 1.37 100 3377.61 4681.16 5004.04 Vault-100 VLT01-044 66.72 81.24 11.92 11.92 0.29 0.29 100 3199.39 5025.66 5071.51 Vault-100 VLT01-044 87.80 104.83 17.03 17.03 2.42 2.42 100 3191.70 5025.77 5050.55 Vault-100 VLT01-045 39.50 43.78 4.28 4.28 0.38 0.38 100 3142.58 5027.82 5100.64 Vault-100 VLT01-045 50.40 68.05 17.65 17.65 1.48 1.48 100 3136.55 5028.97 5084.17 Vault-100 VLT01-046 68.42 88.58 20.16 20.16 3.09 3.09 100 3163.16 5103.68 5066.13 Vault-100 VLT02-047 347.60 364.80 13.90 13.90 0.99 0.99 100 3656.19 4941.23 4813.83 Vault-100 VLT02-047 374.87 386.00 7.43 7.43 0.25 0.25 100 3645.78 4942.51 4791.99 Vault-100 VLT02-048 171.80 203.50 11.25 11.25 0.91 0.91 100 3513.17 4675.00 4964.46 Vault-100 VLT02-048 227.27 264.20 36.93 36.93 0.99 0.99 100 3492.35 4675.00 4910.23 Vault-100 VLT02-050 145.80 157.70 11.90 11.90 0.98 0.98 100 3280.71 5150.00 4998.40 Vault-100 VLT02-051 225.45 230.19 1.85 1.85 0.15 0.15 100 3550.62 4800.00 4924.47 Vault-100 VLT02-051 262.95 273.48 10.53 10.53 0.47 0.47 100 3537.46 4800.00 4886.27 Vault-100 VLT02-052 88.27 108.95 20.68 20.68 1.44 1.44 100 3184.61 5150.00 5048.06 Vault-100 VLT02-053 293.17 297.71 3.49 3.49 0.19 0.19 100 3600.74 5025.35 4861.68 Vault-100 VLT02-054 204.20 218.15 13.95 13.95 0.39 0.39 100 3536.05 4581.08 4936.91 Vault-100 VLT02-054 234.15 238.90 4.75 4.75 1.29 1.29 100 3529.10 4581.82 4912.55 Vault-100 VLT02-055 312.90 317.70 4.80 4.80 0.19 0.19 100 3642.69 4802.70 4843.35 Vault-100 VLT02-055 323.10 331.07 7.97 7.97 0.47 0.47 100 3638.29 4802.77 4832.42 Vault-100 VLT02-056 58.35 70.90 12.55 12.55 4.39 4.39 100 3093.47 5150.33 5079.59 Vault-100 VLT02-057 48.95 54.80 5.85 5.85 1.18 1.18 100 3031.15 5202.58 5090.93 Vault-100 VLT02-059 22.67 29.20 6.53 6.53 2.96 2.96 100 3040.66 4349.74 5121.36 Vault-100 VLT02-060 25.85 37.05 11.20 11.20 2.27 2.27 100 3033.48 4424.77 5120.90 Vault-100 VLT02-061 64.21 73.55 9.34 9.34 2.93 2.93 100 3125.22 4460.15 5085.47 Vault-100 VLT02-062 67.95 79.85 11.90 11.90 3.32 3.32 100 3143.61 4499.02 5079.54 Vault-100 VLT02-063 93.77 102.81 9.04 9.04 2.50 2.50 100 3233.85 4500.47 5049.15 Vault-100 VLT02-064 37.35 42.46 5.11 5.11 0.41 0.41 100 3134.71 4539.51 5112.07 Vault-100 VLT02-064 57.92 70.90 12.98 12.98 11.62 7.45 100 3126.21 4539.29 5089.09 Vault-100 VLT02-065 47.00 61.28 14.28 14.28 0.24 0.24 100 3180.53 4539.80 5095.43 Vault-100 VLT02-065 71.01 84.20 13.19 13.19 1.88 1.88 100 3171.82 4539.77 5073.64 Vault-100 VLT02-066 60.30 80.55 20.25 20.25 0.75 0.75 100 3240.82 4539.77 5077.06 Vault-100 VLT02-066 94.53 103.21 8.68 8.68 3.71 3.71 100 3231.02 4539.76 5050.36 Vault-100 VLT02-067 33.90 67.35 33.45 33.45 1.76 1.76 100 3111.52 4574.47 5101.87
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT02-068 38.58 57.56 18.98 Length18.98 0.80 0.80 100 3196.02 4574.59 5100.21 Vault-100 VLT02-068 70.41 90.90 20.49 20.49 2.47 2.47 100 3184.09 4574.09 5069.89 Vault-100 VLT02-069 26.78 37.31 10.53 10.53 3.90 3.90 100 3038.85 4460.17 5118.52 Vault-100 VLT02-070 49.47 57.77 8.30 8.30 2.71 2.71 100 3081.33 4459.99 5100.32 Vault-100 VLT02-071 17.55 31.91 14.36 14.36 3.23 3.23 100 3023.13 4500.75 5124.63 Vault-100 VLT02-072 38.84 48.75 9.91 9.91 1.91 1.91 100 3060.70 4499.25 5109.15 Vault-100 VLT02-073 15.25 40.47 25.22 25.22 1.82 1.82 100 3040.13 4539.79 5122.54 Vault-100 VLT02-074 23.51 29.23 5.72 5.72 0.49 0.49 100 3089.96 4539.88 5125.98 Vault-100 VLT02-074 36.55 56.55 20.00 20.00 2.65 2.65 100 3082.66 4539.98 5107.17 Vault-100 VLT02-075 10.08 32.46 22.38 22.38 0.71 0.71 100 3041.88 4574.30 5128.53 Vault-100 VLT02-076 5.37 34.80 29.43 29.43 2.08 2.08 100 3043.44 4624.93 5128.29 Vault-100 VLT02-077 13.90 46.01 32.11 32.11 0.92 0.92 100 3088.59 4624.90 5118.84 Vault-100 VLT02-078 24.00 76.15 52.15 52.15 1.28 1.28 100 3134.19 4624.97 5099.68 Vault-100 VLT02-079 43.65 89.83 46.18 46.18 2.31 2.31 100 3175.97 4624.15 5081.49 Vault-100 VLT02-080 57.80 100.63 36.17 36.17 3.53 3.00 100 3222.28 4621.20 5067.41 Vault-100 VLT02-081 41.53 84.67 43.14 43.14 2.04 2.04 100 3179.48 4674.76 5086.10 Vault-100 VLT02-082 33.36 68.74 30.60 30.60 1.38 1.38 100 3143.42 4674.14 5101.68 Vault-100 VLT02-083 2.41 11.25 4.62 4.62 0.91 0.91 100 3027.68 4739.99 5137.32 Vault-100 VLT02-084 21.22 40.00 18.78 18.78 2.04 2.04 100 3079.23 4740.16 5117.09 Vault-100 VLT02-085 27.15 71.19 44.04 44.04 4.26 3.03 100 3131.89 4740.10 5097.67 Vault-100 VLT02-086 54.02 84.56 30.54 30.54 1.78 1.78 100 3185.68 4739.63 5075.83 Vault-100 VLT02-087 3.03 19.75 16.55 16.55 0.78 0.78 100 3025.61 4799.85 5135.02 Vault-100 VLT02-088 11.88 52.00 36.65 36.65 1.11 1.11 100 3103.94 4802.14 5117.64 Vault-100 VLT02-089 1.54 16.94 14.83 14.83 0.44 0.44 100 3026.10 4859.55 5137.49 Vault-100 VLT02-090 1.91 36.77 31.43 31.43 1.28 1.28 100 3067.99 4859.92 5127.56 Vault-100 VLT02-091 4.27 16.24 9.88 9.88 2.18 2.18 100 3116.16 4859.96 5131.96 Vault-100 VLT02-091 26.95 57.98 31.03 31.03 1.71 1.71 100 3105.08 4859.96 5101.72 Vault-100 VLT02-092 11.82 12.06 0.00 0.00 0.00 0.00 100 3069.16 4149.97 5132.22 Vault-100 VLT02-093 18.63 23.40 4.77 4.77 0.96 0.96 100 3033.97 4249.75 5123.00 Vault-100 VLT02-094 87.52 92.21 4.69 4.69 1.40 1.40 100 3218.84 4149.93 5055.74 Vault-100 VLT02-095 18.90 23.37 4.47 4.47 0.68 0.68 100 3017.61 4299.75 5124.58 Vault-100 VLT02-096 32.26 36.76 4.50 4.50 1.37 1.37 100 3063.28 4299.98 5109.69 Vault-100 VLT02-097 19.30 24.58 5.28 5.28 2.96 2.96 100 3016.18 4387.56 5126.17 Vault-100 VLT02-098 34.65 39.82 5.17 5.17 4.07 4.07 100 3061.85 4387.81 5112.62 Vault-100 VLT02-099 83.93 89.29 5.36 5.36 2.06 2.06 100 3192.31 4423.74 5063.47 Vault-100 VLT02-100B 89.15 116.84 27.69 27.69 0.89 0.89 100 3293.03 4742.16 5045.53 Vault-100 VLT02-100B 125.13 137.78 12.65 12.65 2.23 2.23 100 3283.31 4742.77 5018.79
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT02-101 115.22 129.66 14.44 Length14.44 2.39 2.39 100 3347.84 4741.14 5026.27 Vault-100 VLT02-101 135.43 162.33 26.90 26.90 2.40 2.40 100 3338.72 4741.38 5001.46 Vault-100 VLT02-105 23.28 39.19 15.91 15.91 2.31 2.31 100 3039.33 4492.00 5120.25 Vault-100 VLT02-106 41.32 86.08 44.76 44.76 1.38 1.38 100 3162.51 4603.05 5086.33 Vault-100 VLT02-107 13.62 52.10 35.74 35.74 1.40 1.40 100 3089.18 4649.85 5115.79 Vault-100 VLT02-108 15.20 25.93 10.73 10.73 0.81 0.81 100 3070.04 4555.95 5130.26 Vault-100 VLT02-108 30.96 49.65 18.69 18.69 2.51 2.51 100 3063.29 4556.19 5111.71 Vault-100 VLT03-109 3.65 47.00 40.72 40.72 1.44 1.44 100 3096.43 4829.93 5119.21 Vault-100 VLT03-110 21.00 62.22 41.22 41.22 1.44 1.44 100 3135.91 4829.24 5103.20 Vault-100 VLT03-111 40.50 80.05 34.70 34.70 1.60 1.60 100 3178.77 4830.07 5084.19 Vault-100 VLT03-113 18.00 48.80 30.80 30.80 3.06 3.06 100 3157.60 4858.98 5108.85 Vault-100 VLT03-113 57.35 78.40 21.05 21.05 1.56 1.56 100 3145.85 4857.98 5076.45 Vault-100 VLT03-115 43.85 52.85 9.00 9.00 1.58 1.58 100 3183.12 4888.36 5094.10 Vault-100 VLT03-115 52.85 54.87 2.02 2.02 0.07 0.07 100 3181.30 4888.15 5088.91 Vault-100 VLT03-115 71.34 89.37 18.04 18.04 1.36 1.36 100 3172.49 4887.14 5063.94 Vault-100 VLT03-116 22.94 34.55 11.61 11.61 1.43 1.43 100 3049.87 5026.41 5113.13 Vault-100 VLT03-117 28.33 41.66 13.33 13.33 1.78 1.78 100 3142.46 4889.34 5106.84 Vault-100 VLT03-117 47.74 74.32 26.58 26.58 1.18 1.18 100 3133.46 4888.85 5082.42 Vault-100 VLT03-118 17.38 52.55 35.17 35.17 1.64 1.64 100 3087.54 4890.17 5111.05 Vault-100 VLT03-119 23.96 49.85 25.89 25.89 2.22 2.22 100 3100.91 5025.67 5104.74 Vault-100 VLT03-120 18.47 42.65 24.18 24.18 4.66 4.66 100 3081.75 4925.40 5112.65 Vault-100 VLT03-121 2.26 11.80 9.30 9.30 0.77 0.77 100 3021.84 4830.42 5139.91 Vault-100 VLT03-122 66.00 73.00 7.00 7.00 3.10 3.10 100 3151.27 4390.27 5081.29 Vault-100 VLT03-123 13.90 25.00 11.10 11.10 3.48 3.48 100 3031.88 4989.70 5122.23 Vault-100 VLT03-124 28.23 42.11 13.88 13.88 1.62 1.62 100 3077.99 4989.88 5106.64 Vault-100 VLT03-125 48.08 69.80 21.72 21.72 1.83 1.83 100 3140.41 4975.25 5083.73 Vault-100 VLT03-126 2.50 23.00 20.45 20.45 2.56 2.56 100 3045.07 4829.66 5135.28 Vault-100 VLT03-127 51.22 57.60 6.38 6.38 2.41 2.41 100 3104.33 4389.70 5096.93 Vault-100 VLT03-128 43.90 54.00 10.10 10.10 0.64 0.64 100 3169.91 5025.82 5095.11 Vault-100 VLT03-128 62.70 85.22 22.52 22.52 2.05 2.05 100 3161.16 5026.22 5071.68 Vault-100 VLT03-129 33.65 40.47 6.82 6.82 1.17 1.17 100 3072.28 4350.84 5111.66 Vault-100 VLT03-130 46.09 50.38 4.29 4.29 2.19 2.19 100 3107.43 4300.05 5097.64 Vault-100 VLT03-131 54.20 65.25 11.05 11.05 1.36 1.36 100 3218.38 4924.10 5083.68 Vault-100 VLT03-131 73.95 100.90 26.95 26.95 1.16 1.16 100 3208.89 4923.62 5057.66 Vault-100 VLT03-132 3.01 8.90 5.89 5.89 0.79 0.79 100 3014.24 4859.71 5140.11 Vault-100 VLT03-133 47.00 51.61 2.22 2.22 0.13 0.13 100 3192.99 4976.57 5093.75 Vault-100 VLT03-133 61.90 92.30 30.40 30.40 1.52 1.52 100 3183.51 4977.31 5067.62
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT03-134 2.64 19.32 16.68 Length16.68 3.36 2.22 100 3022.01 4890.30 5133.29 Vault-100 VLT03-135 12.90 17.00 4.10 4.10 2.18 2.18 100 3144.17 3935.34 5126.34 Vault-100 VLT03-136 51.65 96.40 44.75 44.75 1.26 1.26 100 3190.79 4799.71 5070.56 Vault-100 VLT03-137 5.96 30.71 24.75 24.75 1.67 1.67 100 3044.46 4889.67 5127.32 Vault-100 VLT03-138 2.53 15.06 12.41 12.41 1.21 1.21 100 3012.68 4925.09 5133.52 Vault-100 VLT03-139 8.65 24.23 15.58 15.58 1.47 1.47 100 3036.02 4929.53 5125.84 Vault-100 VLT03-140 3.54 30.50 26.96 26.96 1.78 1.78 100 3074.65 4770.02 5129.92 Vault-100 VLT03-141 28.29 32.44 4.15 4.15 1.19 1.19 100 3188.52 3936.04 5110.92 Vault-100 VLT03-143 3.00 34.32 31.22 31.22 1.68 1.68 100 3057.66 4710.51 5128.07 Vault-100 VLT03-145 10.95 57.35 46.40 46.40 1.92 1.92 100 3103.45 4710.04 5113.22 Vault-100 VLT03-146 56.14 64.80 8.66 8.66 2.23 2.23 100 3112.77 4426.74 5092.76 Vault-100 VLT03-147 22.70 51.04 28.34 28.34 0.84 0.84 100 3117.28 4770.15 5111.33 Vault-100 VLT03-148 74.76 85.35 10.59 10.59 2.07 2.07 100 3168.24 4458.28 5073.72 Vault-100 VLT03-149 38.57 81.14 42.57 42.57 1.87 1.87 100 3155.81 4770.69 5087.57 Vault-100 VLT03-150 87.61 94.64 7.03 7.03 3.96 3.96 100 3214.43 4462.33 5059.10 Vault-100 VLT03-151 60.76 69.00 8.24 8.24 1.16 1.16 100 3209.49 4768.81 5079.75 Vault-100 VLT03-151 76.20 97.75 21.55 21.55 2.77 2.77 100 3201.95 4768.40 5058.99 Vault-100 VLT03-152 51.64 65.50 10.82 10.82 0.64 0.64 100 3210.09 4541.67 5089.65 Vault-100 VLT03-152 82.72 92.00 9.28 9.28 2.90 2.90 100 3200.23 4542.53 5062.62 Vault-100 VLT03-153 59.22 80.37 21.15 21.15 2.53 2.53 100 3228.54 4740.15 5074.26 Vault-100 VLT03-153 85.16 106.47 21.31 21.31 1.89 1.89 100 3220.21 4740.26 5049.61 Vault-100 VLT03-154B 36.78 77.00 40.22 40.22 2.28 2.28 100 3162.62 4735.96 5086.88 Vault-100 VLT03-155 52.53 108.15 55.62 55.62 1.54 1.54 100 3236.36 4708.85 5065.01 Vault-100 VLT03-156 29.00 82.50 53.50 53.50 1.97 1.97 100 3195.68 4710.98 5088.56 Vault-100 VLT03-157 24.77 67.80 43.03 43.03 2.53 2.53 100 3147.81 4709.45 5100.33 Vault-100 VLT03-158 2.67 12.52 9.57 9.57 0.74 0.74 100 3005.60 4799.58 5137.52 Vault-100 VLT03-159 2.48 8.58 6.05 6.05 0.25 0.25 100 2994.61 4800.16 5139.79 Vault-100 VLT03-160 3.22 18.40 15.05 15.05 1.04 1.04 100 3037.21 4769.77 5134.52 Vault-100 VLT03-161 2.23 8.42 6.19 6.19 1.94 1.94 100 3008.03 4769.80 5139.58 Vault-100 VLT03-162 4.27 18.95 9.95 9.95 0.67 0.67 100 3055.13 4739.97 5134.25 Vault-100 VLT03-163 4.11 19.20 15.00 15.00 1.81 1.81 100 3035.10 4709.86 5133.61 Vault-100 VLT03-164 3.57 4.20 0.63 0.63 0.71 0.71 100 3013.73 4709.89 5140.27 Vault-100 VLT03-165 4.81 25.02 20.21 20.21 1.46 1.46 100 3019.87 4675.26 5130.73 Vault-100 VLT03-166 3.65 21.41 17.75 17.75 1.44 1.44 100 3002.62 4674.56 5131.28 Vault-100 VLT03-167 4.63 11.56 6.76 6.76 0.37 0.37 100 2989.49 4674.63 5136.07 Vault-100 VLT03-168 60.54 73.95 13.41 13.41 0.52 0.52 100 3220.29 4859.92 5076.58 Vault-100 VLT03-168 84.64 102.90 18.26 18.26 1.54 1.54 100 3211.47 4859.90 5051.56
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT03-169 90.10 115.70 25.60 Length25.60 1.22 1.22 100 3283.12 4854.93 5043.59 Vault-100 VLT03-169 122.79 139.72 16.93 16.93 2.26 2.26 100 3273.73 4852.61 5016.94 Vault-100 VLT03-170 3.83 24.14 20.26 20.26 1.42 1.42 100 3023.56 4624.72 5134.02 Vault-100 VLT03-171 2.44 11.18 8.74 8.74 4.12 4.12 100 3000.66 4625.71 5139.14 Vault-100 VLT03-172 3.44 21.48 18.04 18.04 2.77 2.77 100 3020.46 4574.24 5135.26 Vault-100 VLT03-173 4.00 17.60 13.60 13.60 1.71 1.71 100 3001.16 4575.40 5136.76 Vault-100 VLT03-174 4.40 23.15 18.75 18.75 1.09 1.09 100 3013.81 4541.01 5135.90 Vault-100 VLT03-175 3.00 7.75 4.75 4.75 0.78 0.78 100 2987.86 4540.20 5141.10 Vault-100 VLT03-176 8.20 24.70 16.50 16.50 3.15 3.15 100 3002.14 4500.66 5131.74 Vault-100 VLT03-177 3.52 15.95 12.35 12.35 5.08 5.08 100 2978.03 4500.18 5137.56 Vault-100 VLT03-178 78.63 90.56 11.93 11.93 0.82 0.82 100 3287.97 4542.26 5060.55 Vault-100 VLT03-178 109.32 116.00 6.68 6.68 5.01 5.01 100 3278.63 4543.08 5034.10 Vault-100 VLT03-179 74.60 83.37 8.77 8.77 0.68 0.68 100 3272.55 4576.78 5067.84 Vault-100 VLT03-179 104.65 111.40 6.75 6.75 4.08 4.08 100 3262.88 4577.48 5040.47 Vault-100 VLT03-180 14.83 27.00 12.17 12.17 2.83 2.83 100 3012.19 4460.77 5128.21 Vault-100 VLT03-181 6.30 19.10 12.80 12.80 5.80 5.80 100 2985.01 4459.89 5135.00 Vault-100 VLT03-182 7.14 14.35 6.40 6.40 10.04 10.04 100 2971.95 4460.22 5137.11 Vault-100 VLT03-183 16.90 25.20 8.30 8.30 3.91 3.91 100 3012.42 4425.34 5128.17 Vault-100 VLT03-184 8.09 18.00 9.91 9.91 2.42 2.42 100 2985.64 4425.18 5135.49 Vault-100 VLT03-185 7.90 14.00 6.10 6.10 0.94 0.94 100 2971.86 4423.64 5137.12 Vault-100 VLT03-186 72.25 86.00 13.75 13.75 2.38 2.38 100 3273.71 4624.63 5066.25 Vault-100 VLT03-186 91.67 114.70 23.03 23.03 2.05 2.05 100 3265.96 4624.55 5043.48 Vault-100 VLT03-187 10.24 13.37 3.07 3.07 4.02 4.02 100 2989.19 4387.89 5136.53 Vault-100 VLT03-188 9.10 9.46 0.36 0.36 0.98 0.98 100 2961.21 4388.15 5139.04 Vault-100 VLT03-189 15.85 20.75 4.90 4.90 1.64 1.64 100 3013.86 4349.50 5129.32 Vault-100 VLT03-190 10.39 12.67 2.15 2.15 4.89 4.89 100 2985.28 4350.20 5136.38 Vault-100 VLT03-191 16.00 24.12 8.12 8.12 1.84 1.84 100 3013.04 5059.87 5121.09 Vault-100 VLT03-192 32.19 41.01 8.82 8.82 2.31 2.31 100 3061.90 5059.79 5105.58 Vault-100 VLT03-193 40.53 57.25 16.72 16.72 2.36 2.36 100 3105.14 5060.41 5094.71 Vault-100 VLT03-194 56.25 61.00 4.75 4.75 0.37 0.37 100 3154.78 5059.98 5084.84 Vault-100 VLT03-194 65.67 76.03 10.36 10.36 6.48 6.48 100 3150.50 5059.99 5073.38 Vault-100 VLT03-195 64.00 74.63 10.63 10.63 0.83 0.83 100 3202.46 5061.32 5075.39 Vault-100 VLT03-195 79.15 97.83 18.68 18.68 2.15 2.15 100 3196.22 5061.65 5057.26 Vault-100 VLT03-196 78.69 90.85 12.16 12.16 0.54 0.54 100 3247.59 5060.82 5062.32 Vault-100 VLT03-196 100.20 128.98 28.78 28.78 1.52 1.52 100 3237.15 5061.11 5034.39 Vault-100 VLT03-197 105.35 114.85 9.50 9.50 0.56 0.56 100 3306.33 4925.22 5045.39 Vault-100 VLT03-197 122.45 151.47 29.02 29.02 1.39 1.39 100 3293.55 4925.28 5021.76
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT03-198 117.50 136.80 13.90 Length13.90 0.98 0.98 100 3322.24 4861.32 5021.66 Vault-100 VLT03-198 148.00 163.19 15.19 15.19 2.13 2.13 100 3312.94 4861.62 4994.78 Vault-100 VLT03-199 84.95 100.60 15.65 15.65 0.50 0.50 100 3318.80 4625.49 5052.88 Vault-100 VLT03-199 109.12 131.56 22.44 22.44 2.69 2.69 100 3309.04 4625.68 5027.11 Vault-100 VLT03-200 132.70 155.70 19.36 19.36 1.66 1.66 100 3296.29 4800.69 5006.22 Vault-100 VLT03-201 95.72 149.20 46.13 46.13 1.48 1.48 100 3340.44 4675.13 5024.97 Vault-100 VLT03-202 94.17 106.63 9.18 9.18 0.23 0.23 100 3294.65 4983.84 5057.47 Vault-100 VLT03-202 114.90 151.58 36.68 36.68 1.29 1.29 100 3276.84 4987.21 5030.09 Vault-100 VLT03-203 64.45 114.49 50.04 50.04 3.11 3.11 100 3257.41 4675.36 5056.50 Vault-100 VLT03-204 92.72 103.53 10.81 10.81 0.51 0.51 100 3276.13 5028.05 5047.99 Vault-100 VLT03-204 112.50 133.20 20.70 20.70 1.11 1.11 100 3267.88 5028.74 5024.69 Vault-100 VLT03-205 95.29 150.64 55.35 55.35 2.08 2.08 100 3324.96 4710.80 5025.11 Vault-100 VLT03-206 77.95 93.89 15.94 15.94 0.57 0.57 100 3239.34 5027.35 5055.82 Vault-100 VLT03-206 100.82 114.95 14.13 14.13 2.22 2.22 100 3234.92 5027.99 5034.32 Vault-100 VLT03-207 84.86 89.41 4.55 4.55 0.49 0.49 100 3194.83 4390.11 5062.23 Vault-100 VLT03-208 82.90 130.02 47.12 47.12 9.32 2.58 100 3280.38 4712.34 5042.24 Vault-100 VLT03-209 76.98 81.93 4.95 4.95 0.68 0.68 100 3186.28 4351.18 5070.11 Vault-100 VLT03-210 131.39 169.94 38.55 38.55 2.54 2.54 100 3395.59 4741.71 4999.91 Vault-100 VLT03-210 178.05 189.30 11.25 11.25 5.80 5.80 100 3384.24 4742.08 4968.92 Vault-100 VLT04-213 62.98 69.56 6.58 6.58 0.92 0.92 100 3277.09 3931.73 5077.71 Vault-100 VLT04-214 38.37 42.59 4.22 4.22 0.46 0.46 100 3234.82 3849.96 5101.35 Vault-100 VLT04-216 52.26 56.85 4.59 4.59 1.14 1.14 100 3281.26 3776.31 5088.88 Vault-100 VLT04-217 7.01 8.40 1.18 1.18 0.53 0.53 100 3171.34 3775.27 5132.64 Vault-100 VLT04-218 26.69 37.46 10.77 10.77 1.23 1.23 100 3238.61 3700.23 5110.21 Vault-100 VLT04-219 79.66 84.18 4.52 4.52 0.61 0.61 100 3321.66 3698.95 5065.02 Vault-100 VLT04-220 57.45 61.90 4.45 4.45 0.51 0.51 100 3280.99 3624.39 5084.01 Vault-100 VLT04-221 25.19 29.34 4.16 4.16 0.21 0.21 100 3215.48 3624.83 5114.60 Vault-100 VLT04-222 99.50 103.77 4.27 4.27 0.18 0.18 100 3363.01 3775.26 5045.09 Vault-100 VLT04-225 49.36 70.15 20.79 20.79 2.20 2.20 100 3131.74 5099.16 5082.88 Vault-100 VLT04-226 42.25 52.23 9.98 9.98 1.69 1.69 100 3084.55 5100.25 5095.19 Vault-100 VLT04-227 71.01 91.47 20.46 20.46 1.61 1.61 100 3139.43 5146.95 5064.74 Vault-100 VLT04-228 106.34 111.72 5.38 5.38 0.98 0.98 100 3259.82 4463.69 5038.28 Vault-100 VLT04-229 109.55 128.12 18.57 18.57 1.56 1.56 100 3225.73 5146.91 5029.91 Vault-100 VLT04-230 110.85 116.25 5.40 5.40 7.82 7.82 100 3279.52 4500.13 5032.75 Vault-100 VLT04-231 40.38 53.60 13.22 13.22 4.99 4.99 100 3049.62 5149.22 5095.43 Vault-100 VLT04-232 92.85 103.32 10.47 10.47 0.78 0.78 100 3331.91 4541.34 5048.20 Vault-100 VLT04-232 131.05 136.43 5.38 5.38 1.86 1.86 100 3319.49 4541.65 5014.78
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT04-233 81.13 86.65 5.52 Length5.52 4.18 4.18 100 3116.99 5199.70 5060.52 Vault-100 VLT04-234 110.38 115.25 4.87 4.87 0.71 0.71 100 3361.12 4628.61 5034.70 Vault-100 VLT04-234 129.85 154.30 22.14 22.14 1.86 1.86 100 3350.82 4629.61 5007.34 Vault-100 VLT04-235 65.85 72.82 6.97 6.97 1.21 1.21 100 3074.02 5198.19 5074.25 Vault-100 VLT04-236 137.05 147.72 10.67 10.67 0.98 0.98 100 3427.03 4669.71 5006.41 Vault-100 VLT04-236 161.50 194.15 23.07 23.07 1.25 1.25 100 3414.40 4668.40 4973.33 Vault-100 VLT04-237 26.33 40.98 14.65 14.65 1.78 1.78 100 3004.42 5150.20 5107.86 Vault-100 VLT04-238 138.40 161.25 22.85 22.85 1.54 1.54 100 3411.79 4705.06 5000.31 Vault-100 VLT04-238 169.40 194.49 25.09 25.09 1.94 1.94 100 3400.54 4703.98 4970.25 Vault-100 VLT04-239 16.00 27.90 11.90 11.90 0.73 0.73 100 2992.61 5099.63 5119.14 Vault-100 VLT04-240 263.55 291.39 27.84 27.84 1.00 1.00 100 3602.23 4668.83 4879.82 Vault-100 VLT04-240 305.63 317.70 12.07 12.07 0.42 0.42 100 3589.80 4668.06 4847.98 Vault-100 VLT04-241 151.75 189.55 31.06 31.06 0.56 0.56 100 3435.34 4733.64 4980.77 Vault-100 VLT04-241 197.47 211.15 13.68 13.68 3.96 3.96 100 3423.18 4732.40 4949.41 Vault-100 VLT04-242 97.70 103.71 6.01 6.01 6.02 6.02 100 3163.62 5195.68 5045.32 Vault-100 VLT04-243 162.09 211.33 49.24 49.24 0.50 0.50 100 3485.03 4739.97 4964.46 Vault-100 VLT04-243 217.42 243.30 25.88 25.88 1.26 1.26 100 3470.58 4739.85 4923.27 Vault-100 VLT04-245 101.74 117.30 15.56 15.56 0.69 0.69 100 3361.36 4577.65 5036.25 Vault-100 VLT04-245 143.55 150.06 6.51 6.51 1.27 1.27 100 3349.18 4578.59 5001.03 Vault-100 VLT04-246 34.50 39.67 5.17 5.17 0.36 0.36 100 2984.18 5199.35 5104.89 Vault-100 VLT04-249 98.19 104.54 6.36 0.00 0.00 0.00 100 3292.75 5058.05 5045.84 Vault-100 VLT04-249 124.22 148.93 24.71 24.71 1.22 1.22 100 3280.73 5057.44 5012.75 Vault-100 VLT04-250 107.00 118.81 11.81 11.81 0.23 0.23 100 3323.10 5024.90 5033.75 Vault-100 VLT04-250 127.61 156.91 29.30 29.30 1.28 1.28 100 3313.55 5024.90 5005.99 Vault-100 VLT04-251 119.70 147.53 27.83 27.83 4.17 3.00 100 3372.76 4710.97 5014.20 Vault-100 VLT04-251 157.67 174.35 16.68 16.68 3.84 3.84 100 3362.75 4711.18 4983.39 Vault-100 VLT04-252 114.40 133.63 19.23 19.23 1.74 1.74 100 3327.98 4973.52 5023.55 Vault-100 VLT04-252 137.80 154.96 17.16 17.16 1.50 1.50 100 3320.43 4973.41 5002.49 Vault-100 VLT04-253 171.00 176.17 5.17 5.17 1.08 1.08 100 3392.29 4800.92 4975.38 Vault-100 VLT04-253 180.80 200.87 20.07 20.07 3.78 3.78 100 3386.68 4801.03 4959.07 Vault-100 VLT04-254 149.13 153.86 2.82 2.82 1.09 1.09 100 3364.06 4858.21 4998.36 Vault-100 VLT04-254 166.00 192.56 26.56 26.56 1.10 1.10 100 3355.02 4857.91 4972.09 Vault-100 VLT07-260 27.50 33.50 6.00 6.00 2.10 2.10 100 3070.47 4246.28 5113.16 Vault-100 VLT07-261 40.00 45.00 5.00 5.00 3.42 3.42 100 3106.06 4247.30 5101.16 Vault-100 VLT07-262 52.00 57.00 5.00 5.00 2.11 2.11 100 3143.83 4248.53 5089.61 Vault-100 VLT07-263 6.93 11.00 4.00 4.00 2.52 2.52 100 2995.85 4246.96 5137.78 Vault-100 VLT07-264 87.00 91.50 4.50 4.50 0.78 0.78 100 3213.98 4299.17 5058.56
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT07-265 91.51 99.01 7.50 Length7.50 0.30 0.30 100 3231.06 4391.68 5054.24 Vault-100 VLT07-266 71.50 76.00 4.50 4.50 1.06 1.06 100 3176.07 4301.28 5074.14 Vault-100 VLT07-267 97.50 102.10 4.60 4.60 1.70 1.70 100 3231.21 4428.73 5048.85 Vault-100 VLT07-268 7.50 37.00 29.50 29.50 1.28 1.28 100 3063.56 4600.86 5128.24 Vault-100 VLT07-269A 58.20 62.45 4.25 4.25 2.57 2.57 100 3141.43 4299.80 5086.48 Vault-100 VLT07-270 4.25 23.00 17.26 17.26 0.79 0.79 100 3044.82 4860.24 5134.91 Vault-100 VLT07-271 129.00 144.00 15.00 15.00 2.75 2.75 100 3251.02 5152.56 5015.89 Vault-100 VLT07-272 130.60 149.00 18.40 18.40 2.43 2.43 100 3290.48 5100.03 5010.82 Vault-100 VLT09-275 223.00 251.80 28.80 28.80 0.64 0.64 100 3561.92 4665.02 4915.50 Vault-100 VLT09-275 259.30 287.00 27.70 27.70 2.30 2.30 100 3550.06 4664.52 4881.77 Vault-100 VLT09-276 178.66 183.82 5.16 5.16 0.24 0.24 100 3471.20 4589.69 4970.62 Vault-100 VLT09-276 199.04 211.06 12.02 12.02 0.23 0.23 100 3463.01 4590.37 4948.28 Vault-100 VLT09-277 219.00 247.00 28.00 28.00 0.26 0.26 100 3546.85 4743.96 4922.41 Vault-100 VLT09-277 262.00 276.00 14.00 14.00 0.33 0.33 100 3534.38 4744.58 4888.64 Vault-100 VLT09-278 146.91 172.00 25.10 25.10 0.71 0.71 100 3474.05 4673.76 4991.17 Vault-100 VLT09-278 189.52 218.06 28.53 28.53 0.70 0.70 100 3458.31 4674.65 4949.74 Vault-100 VLT09-279 308.00 313.10 5.10 5.10 0.62 0.62 100 3587.55 4867.59 4849.80 Vault-100 VLT09-279 320.00 334.80 14.80 14.80 0.64 0.64 100 3581.58 4867.02 4834.05 Vault-100 VLT09-280 194.00 198.50 4.50 4.50 0.46 0.46 100 3456.32 4867.65 4958.14 Vault-100 VLT09-280 222.00 241.00 19.00 19.00 1.45 1.45 100 3443.71 4868.39 4925.23 Vault-100 VLT09-281 287.00 303.70 16.70 16.70 0.29 0.29 100 3601.37 4936.93 4863.30 Vault-100 VLT09-281 327.15 332.00 4.85 4.85 0.14 0.14 100 3589.00 4935.49 4831.42 Vault-100 VLT09-282 209.00 213.50 4.50 4.50 0.14 0.14 100 3484.43 4943.22 4940.63 Vault-100 VLT09-282 223.75 229.60 5.85 5.85 0.37 0.37 100 3479.29 4943.82 4926.10 Vault-100 VLT09-283 254.00 278.00 24.00 24.00 0.22 0.22 100 3603.53 4732.52 4892.61 Vault-100 VLT09-283 288.00 297.00 9.00 9.00 0.41 0.41 100 3593.72 4731.98 4868.00 Vault-100 VLT09-284A 209.30 218.00 8.70 8.70 0.23 0.23 100 3513.11 4811.26 4939.33 Vault-100 VLT09-284A 251.65 258.00 6.35 6.35 1.00 1.00 100 3500.22 4811.17 4900.22 Vault-100 VLT09-285 66.00 71.00 5.00 5.00 0.58 0.58 100 3246.06 4976.84 5076.05 Vault-100 VLT09-285 98.00 115.00 17.00 17.00 1.70 1.70 100 3233.23 4978.80 5040.33 Vault-100 VLT09-286 271.00 276.00 5.00 5.00 1.09 1.09 100 3601.72 4800.20 4884.03 Vault-100 VLT09-286 295.00 316.00 21.00 21.00 0.36 0.36 100 3590.31 4800.51 4854.13 Vault-100 VLT09-287 92.00 113.30 21.30 21.30 1.84 1.84 100 3269.91 4771.19 5044.11 Vault-100 VLT09-287 119.00 135.00 16.00 16.00 3.22 3.22 100 3262.43 4770.92 5020.94 Vault-100 VLT09-288A 112.80 123.85 11.05 11.05 3.14 3.14 100 3332.80 4770.80 5030.01 Vault-100 VLT09-288A 137.00 164.00 27.00 27.00 1.67 1.67 100 3322.64 4770.74 4999.48 Vault-100 VLT09-289 272.50 277.00 4.50 4.50 0.02 0.02 100 3542.38 4870.45 4880.54
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT09-289 294.00 300.00 6.00 Length6.00 0.63 0.63 100 3534.84 4869.68 4859.62 Vault-100 VLT09-290 84.00 88.50 4.50 4.50 0.28 0.28 100 3266.42 4894.70 5058.77 Vault-100 VLT09-290 105.00 121.00 16.00 16.00 1.89 1.89 100 3258.15 4894.58 5033.33 Vault-100 VLT09-291 132.00 139.00 7.00 7.00 0.44 0.44 100 3306.69 4462.61 5012.85 Vault-100 VLT09-292 119.00 137.00 18.00 18.00 2.79 2.79 100 3331.56 4896.63 5021.69 Vault-100 VLT09-292 149.50 155.00 5.50 5.50 2.59 2.59 100 3323.66 4896.50 4998.76 Vault-100 VLT09-293 111.40 119.00 7.60 7.60 0.69 0.69 100 3381.40 4540.39 5031.86 Vault-100 VLT09-293 150.40 155.00 4.60 4.60 1.01 1.01 100 3369.35 4540.45 4996.35 Vault-100 VLT09-294 145.70 150.75 5.05 5.05 0.63 0.63 100 3401.66 5021.57 5000.34 Vault-100 VLT09-294 157.50 189.00 31.50 31.50 0.97 0.97 100 3394.13 5021.24 4976.47 Vault-100 VLT09-295 122.80 130.30 7.50 7.50 4.71 4.71 100 3214.01 5195.40 5021.17 Vault-100 VLT09-296 158.82 164.00 5.18 0.00 0.00 0.00 100 3335.41 5151.00 4987.75 Vault-100 VLT09-296A 158.00 166.00 8.00 8.00 1.59 1.59 100 3336.34 5149.38 4986.80 Vault-100 VLT09-296A 173.00 181.50 8.50 8.50 0.27 0.27 100 3331.71 5149.25 4972.27 Vault-100 VLT09-297 200.50 205.50 5.00 5.00 0.35 0.35 100 3460.79 5017.60 4951.41 Vault-100 VLT09-297 228.70 243.50 14.80 14.80 0.18 0.18 100 3449.61 5016.53 4920.28 Vault-100 VLT09-300A 251.00 265.00 14.00 14.00 0.18 0.18 100 3533.87 5013.79 4898.12 Vault-100 VLT09-310 128.20 133.20 5.00 5.00 0.65 0.65 100 3411.69 4626.58 5016.94 Vault-100 VLT09-310 145.50 176.00 30.50 30.50 1.44 1.44 100 3401.98 4626.94 4988.50 Vault-100 VLT09-311 152.05 162.00 9.95 9.95 0.17 0.17 100 3456.78 4627.30 4991.83 Vault-100 VLT09-311 176.00 205.50 29.50 29.50 0.43 0.43 100 3446.07 4628.10 4959.87 Vault-100 VLT09-312 151.00 155.30 4.30 4.30 1.88 1.88 100 3371.55 4498.88 4997.27 Vault-100 VLT10-01 72.00 76.50 4.50 4.50 0.54 0.54 100 3188.77 4250.41 5073.40 Vault-100 VLT10-02 8.19 10.00 1.81 1.81 1.29 1.29 100 3058.08 4199.54 5135.65 Vault-100 VLT10-03 24.50 32.00 7.50 7.50 2.79 2.79 100 3097.07 4199.82 5115.44 Vault-100 VLT10-04 43.00 51.00 8.00 8.00 1.80 1.80 100 3135.21 4199.28 5098.15 Vault-100 VLT10-05 215.84 220.36 4.52 4.52 0.38 0.38 100 3474.53 4525.47 4939.99 Vault-100 VLT10-06 53.10 57.60 4.50 4.50 0.37 0.37 100 3154.76 4149.58 5090.24 Vault-100 VLT10-07 17.20 23.60 6.40 6.40 2.31 2.31 100 3091.94 4099.99 5122.89 Vault-100 VLT10-08 46.20 51.00 4.80 4.80 1.73 1.73 100 3140.93 4100.24 5103.35 Vault-100 VLT10-09 51.90 56.20 4.30 4.30 5.69 5.69 100 3177.35 4099.35 5092.36 Vault-100 VLT10-10 39.50 43.80 4.30 4.30 2.85 2.85 100 3182.08 4025.26 5103.41 Vault-100 VLT10-11 55.20 59.30 4.10 4.10 5.15 5.15 100 3226.44 4025.00 5088.46 Vault-100 VLT10-12 20.00 27.20 7.20 7.20 2.29 2.29 100 3164.17 3975.00 5119.56 Vault-100 VLT10-13 39.00 43.50 4.50 4.50 0.78 0.78 100 3207.03 3974.15 5103.53 Vault-100 VLT10-14 58.40 62.70 4.30 4.30 0.30 0.30 100 3248.49 3973.79 5086.43 Vault-100 VLT10-15 12.40 17.15 4.75 4.75 0.58 0.58 100 3167.83 3874.88 5127.48
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLT10-16 30.00 34.45 4.45 Length4.45 0.47 0.47 100 3209.96 3875.00 5111.51 Vault-100 VLT10-17 43.40 48.00 4.60 4.60 0.13 0.13 100 3255.05 3875.39 5099.74 Vault-100 VLT10-18 24.20 29.40 5.20 5.20 4.19 4.19 100 3225.70 3750.00 5115.87 Vault-100 VLT10-19 45.00 51.00 6.00 6.00 4.42 4.42 100 3269.35 3748.63 5095.23 Vault-100 VLT10-20 25.80 32.00 6.20 6.20 0.92 0.92 100 3224.98 3650.00 5113.89 Vault-100 VLT10-21 47.40 52.50 5.10 5.10 1.59 1.59 100 3267.35 3649.38 5093.67 Vault-100 VLT10-22 132.50 147.01 14.51 14.51 1.22 1.22 100 3384.89 4774.07 5011.86 Vault-100 VLT10-22 160.01 191.99 31.99 31.99 1.53 1.53 100 3371.91 4773.70 4978.02 Vault-100 VLT10-23 148.00 184.00 36.00 36.00 2.24 2.24 100 3428.07 4772.24 4985.59 Vault-100 VLT10-23 188.90 212.70 23.80 23.80 2.19 2.19 100 3415.98 4771.95 4952.96 Vault-100 VLT10-24 121.90 131.90 10.00 10.00 0.84 0.84 100 3347.12 5005.75 5025.73 Vault-100 VLT10-24 138.50 170.00 31.50 31.50 1.59 1.59 100 3336.31 5007.14 5000.65 Vault-100 VLT10-25 171.60 193.70 22.10 22.10 1.72 1.72 100 3405.90 4824.92 4969.29 Vault-100 VLT10-25 198.90 205.40 6.50 6.50 7.09 7.09 100 3399.46 4824.59 4950.89 Vault-100 VLT10-26 164.20 170.50 6.31 6.31 2.02 2.02 100 3399.66 4877.02 4988.14 Vault-100 VLT10-26 182.04 207.29 25.25 25.25 2.00 2.00 100 3389.69 4877.32 4962.71 Vault-100 VLT10-27 128.97 135.00 0.00 0.00 0.00 0.00 100 3293.79 4451.40 5020.06 Vault-100 VLT10-29 216.00 231.00 15.00 15.00 0.86 0.86 100 3534.54 4626.24 4929.12 Vault-100 VLT10-29 253.20 265.50 12.30 12.30 1.00 1.00 100 3522.81 4626.44 4895.24 Vault-100 VLT10-30 187.08 191.94 4.85 4.85 1.20 1.20 100 3494.40 4623.85 4961.21 Vault-100 VLT10-30 207.49 229.69 22.21 22.21 0.62 0.62 100 3484.58 4623.39 4933.85 Vault-100 VLT10-31 125.70 137.00 11.30 11.30 0.42 0.42 100 3356.93 5050.07 5016.64 Vault-100 VLT10-31 161.00 178.00 17.00 17.00 0.81 0.81 100 3345.13 5050.06 4980.37 Vault-100 VLT10-32 189.00 217.41 28.41 28.41 0.57 0.57 100 3494.37 4727.86 4949.82 Vault-100 VLT10-32 224.15 253.50 29.35 29.35 1.27 1.27 100 3482.62 4728.51 4916.20 Vault-100 VLT10-33 243.39 250.25 6.86 6.86 0.56 0.56 100 3570.00 4629.09 4909.40 Vault-100 VLT10-33 272.81 287.81 15.00 15.00 0.55 0.55 100 3557.99 4629.39 4878.13 Vault-100 VLT10-34 127.70 132.00 4.30 4.30 0.34 0.34 100 3270.24 4355.69 5023.35 Vault-100 VLT10-35 57.80 75.40 17.60 17.60 0.88 0.88 100 3222.06 4901.72 5078.01 Vault-100 VLT10-35 87.50 102.00 14.50 14.50 1.40 1.40 100 3212.55 4902.39 5051.52 Vault-100 VLTP11-01 34.50 51.00 16.50 16.50 1.47 1.47 100 3091.99 4975.00 5101.23 Vault-100 VLTP11-02 126.10 152.50 26.40 26.40 0.57 0.57 100 3369.32 4975.00 5010.26 Vault-100 VLTP11-02 157.50 178.50 21.00 21.00 1.94 1.94 100 3358.21 4975.00 4983.80 Vault-100 VLTP11-03 157.90 168.10 10.20 10.20 0.90 0.90 100 3411.41 4979.60 4988.04 Vault-100 VLTP11-03 173.00 200.00 27.00 27.00 1.13 1.13 100 3403.00 4980.25 4966.11 Vault-100 VLTP11-04 183.00 187.50 4.50 4.50 0.95 0.95 100 3453.84 4976.09 4966.77 Vault-100 VLTP11-04 194.00 200.20 6.20 6.20 0.44 0.44 100 3449.60 4976.17 4955.70
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLTP11-05 166.50 170.90 4.40 Length4.40 1.07 1.07 100 3360.78 5101.52 4983.35 Vault-100 VLTP11-05 176.90 184.40 7.50 7.50 5.66 5.66 100 3356.31 5101.62 4972.27 Vault-100 VLTP11-06 8.80 25.30 16.50 16.50 0.83 0.83 100 2957.85 5150.00 5124.52 Vault-100 VLTP11-07 138.50 144.00 5.50 5.50 0.24 0.24 100 3268.05 5203.02 5007.09 Vault-100 VLTP11-07 149.70 154.10 4.40 4.40 0.34 0.34 100 3264.41 5203.23 4997.08 Vault-100 VLTP11-08 124.10 128.70 4.60 4.60 0.19 0.19 100 3315.48 5057.81 5023.15 Vault-100 VLTP11-08 135.50 163.50 28.00 28.00 1.56 1.56 100 3306.98 5057.43 5001.68 Vault-100 VLTP11-09 7.00 17.00 10.00 10.00 3.41 3.41 100 3005.04 5025.00 5129.08 Vault-100 VLTP11-10 143.70 150.50 6.80 6.80 0.98 0.98 100 3370.99 4900.60 5002.90 Vault-100 VLTP11-10 166.50 186.30 19.80 19.80 1.75 1.75 100 3361.11 4900.66 4975.31 Vault-100 VLTP11-11 134.00 143.30 9.30 9.30 0.76 0.76 100 3430.31 4550.00 5010.56 Vault-100 VLTP11-11 179.00 183.50 4.50 4.50 0.83 0.83 100 3415.06 4550.00 4970.79 Vault-100 VLTP11-12 160.37 161.00 0.63 0.63 0.00 0.00 100 3347.49 4449.60 4987.34 Vault-100 VLTP11-13 10.50 19.50 9.00 9.00 1.05 1.05 100 3193.48 3700.00 5126.49 Vault-100 VLTP11-14 80.12 85.03 4.91 4.91 0.02 0.02 100 3313.56 3679.08 5068.15 Vault-100 VLTP11-15 14.10 19.70 5.60 5.60 3.17 3.17 100 3098.00 4050.00 5124.62 Vault-100 VLTP11-16 6.10 10.60 4.50 4.50 3.97 3.97 100 3106.50 4000.00 5132.42 Vault-100 VLTS11-01 50.20 59.70 9.50 9.50 0.88 0.88 100 3283.16 3700.17 5088.39 Vault-100 VLTS11-02 25.50 30.50 5.00 5.00 2.13 2.13 100 3229.47 3725.15 5112.83 Vault-100 VLTS11-03 37.90 51.80 13.90 13.90 0.73 0.73 100 3269.97 3725.37 5097.36 Vault-100 VLTS11-04 7.72 20.91 13.11 13.11 1.11 1.11 100 3195.23 3750.00 5126.41 Vault-100 VLTS11-05 68.00 72.90 4.90 4.90 1.88 1.88 100 3311.25 3748.90 5073.39 Vault-100 VLTS11-06 10.43 15.03 4.60 4.60 2.57 2.57 100 3195.68 3775.00 5127.95 Vault-100 VLTS11-07 25.10 29.50 4.40 4.40 4.34 4.34 100 3223.98 3775.04 5114.15 Vault-100 VLTS11-08 12.36 17.37 5.01 5.01 3.26 3.26 100 3194.78 3800.00 5125.93 Vault-100 VLTS11-09 30.00 39.50 9.50 9.50 1.33 1.33 100 3237.71 3800.32 5107.13 Vault-100 VLTS11-10 9.51 19.11 9.51 9.51 1.06 1.06 100 3195.08 3825.00 5126.46 Vault-100 VLTS11-11 34.50 39.00 4.50 4.50 0.49 0.49 100 3236.28 3824.58 5104.98 Vault-100 VLTS11-12 18.50 23.00 4.50 4.50 0.37 0.37 100 3192.15 3849.53 5120.29 Vault-100 VLTS11-13 22.06 26.36 4.30 4.30 0.62 0.62 100 3191.78 3900.00 5116.53 Vault-100 VLTS11-14 42.00 46.20 4.20 4.20 0.08 0.08 100 3234.20 3900.30 5098.42 Vault-100 VLTS11-15 57.00 65.30 8.30 8.30 0.43 0.43 100 3277.73 3899.88 5082.56 Vault-100 VLTS11-16 15.10 19.30 4.20 4.20 3.86 3.86 100 3142.70 3950.00 5124.94 Vault-100 VLTS11-17 30.00 34.20 4.20 4.20 1.81 1.81 100 3186.63 3950.23 5110.50 Vault-100 VLTS11-18 45.61 50.11 4.50 4.50 0.38 0.38 100 3228.68 3950.00 5096.73 Vault-100 VLTS11-19 67.00 71.25 4.25 4.25 0.78 0.78 100 3273.40 3950.55 5076.10 Vault-100 VLTS11-21 16.00 23.80 7.80 7.80 1.28 1.28 100 3140.94 3999.51 5121.61
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-100 VLTS11-22 33.28 38.18 4.90 Length4.90 0.72 0.72 100 3184.83 4000.00 5107.52 Vault-100 VLTS11-23 51.85 56.00 4.15 4.15 0.78 0.78 100 3225.27 4000.49 5091.23 Vault-100 VLTS11-24 71.95 76.80 4.85 4.85 1.69 1.69 100 3266.94 3999.42 5072.69 Vault-100 VLTS11-25 22.96 27.31 4.35 4.35 3.83 3.83 100 3139.83 4025.00 5116.92 Vault-100 VLTS11-26 73.63 78.43 4.80 4.80 0.47 0.47 100 3269.68 4025.00 5070.42 Vault-100 VLTS11-27 27.10 32.09 5.00 5.00 3.94 3.94 100 3137.57 4050.00 5113.03 Vault-100 VLTS11-28 43.93 48.28 4.35 4.35 3.59 3.59 100 3180.68 4050.00 5098.02 Vault-100 VLTS11-29 60.00 64.30 4.30 4.30 1.31 1.31 100 3222.90 4049.29 5083.95 Vault-100 VLTS11-30 81.60 86.00 4.40 4.40 0.42 0.42 100 3264.78 4050.48 5063.58 Vault-100 VLTS11-31 29.25 35.55 6.30 6.30 3.70 3.70 100 3136.79 4075.00 5110.36 Vault-100 VLTS11-32 48.22 51.00 2.77 2.77 3.88 3.88 100 3180.18 4075.00 5094.45 Vault-100 VLTS11-33 64.91 69.71 4.80 4.80 1.01 1.01 100 3222.23 4075.00 5078.58 Vault-100 VLTS11-35 68.96 73.96 5.00 5.00 1.43 1.43 100 3222.12 4100.00 5074.70 Vault-100 VLTS11-36 93.00 97.30 4.30 4.30 0.71 0.71 100 3261.34 4100.32 5053.29 Vault-100 VLTS11-38 71.42 75.92 4.50 4.50 0.46 0.46 100 3189.03 4150.00 5070.81 Vault-100 VLTS11-39 106.80 111.30 4.50 4.50 1.09 1.09 100 3263.10 4150.00 5038.78 Vault-100 VLTS11-40 63.28 68.00 4.72 4.72 1.17 1.17 100 3178.37 4200.00 5080.86 Vault-100 VLTS11-41 83.82 88.23 4.18 4.18 0.02 0.02 100 3219.98 4200.00 5062.98 Vault-101 VLT02-056 43.25 48.57 5.32 5.32 1.45 1.45 101 3100.18 5150.20 5097.07 Vault-101 VLT02-057 25.70 30.20 4.50 4.50 0.49 0.49 101 3039.25 5202.67 5113.44 Vault-101 VLT04-227 59.25 63.40 4.15 4.15 0.25 0.25 101 3146.53 5147.66 5083.33 Vault-101 VLT04-231 21.77 26.10 1.44 1.44 0.08 0.08 101 3057.50 5149.45 5117.09 Vault-102 GTVLT02-01 27.73 33.50 3.45 3.45 0.26 0.26 102 3211.19 4568.60 5118.10 Vault-102 GTVLT02-03 10.39 20.05 8.26 8.26 0.68 0.68 102 3122.19 4738.94 5131.49 Vault-102 VLT00-005 24.90 33.95 9.05 9.05 0.95 0.95 102 3185.43 4926.11 5114.26 Vault-102 VLT00-006 7.50 12.90 5.40 5.40 0.60 0.60 102 3104.54 4950.06 5131.05 Vault-102 VLT00-007 7.80 18.80 6.80 6.80 0.46 0.46 102 3143.21 4926.16 5128.42 Vault-102 VLT00-009 85.70 93.16 7.46 7.46 0.47 0.47 102 3304.84 4930.20 5062.48 Vault-102 VLT00-009 93.16 94.47 1.31 0.00 0.00 0.00 102 3302.68 4930.37 5058.67 Vault-102 VLT00-010 15.24 19.83 4.59 4.59 0.26 0.26 102 3117.82 4500.60 5136.04 Vault-102 VLT00-011 35.14 39.50 4.36 0.00 0.00 0.00 102 3204.99 4500.43 5111.53 Vault-102 VLT00-012 48.30 52.50 4.20 4.20 0.33 0.33 102 3251.92 4351.99 5096.98 Vault-102 VLT00-015 8.25 12.75 4.50 4.50 0.51 0.51 102 3170.02 4674.71 5134.36 Vault-102 VLT00-016 22.05 26.52 3.15 3.15 0.11 0.11 102 3237.03 4675.09 5119.66 Vault-102 VLT00-017 13.42 18.60 1.20 1.20 0.27 0.27 102 3091.00 4575.32 5135.35 Vault-102 VLT00-018 25.65 30.50 3.40 3.40 0.78 0.78 102 3166.13 4576.51 5120.41 Vault-102 VLT00-021 33.20 37.40 4.20 4.20 0.78 0.78 102 3234.26 4573.41 5110.00
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-102 VLT00-023 16.70 21.00 4.30 Length4.30 0.38 0.38 102 3159.88 4801.32 5127.16 Vault-102 VLT01-028 65.00 69.23 2.60 2.60 0.07 0.07 102 3325.26 4579.24 5077.17 Vault-102 VLT01-029 122.74 127.55 4.81 4.81 1.96 1.96 102 3358.24 4807.17 5024.25 Vault-102 VLT01-033 129.00 133.65 4.65 4.65 0.47 0.47 102 3380.20 4935.60 5016.84 Vault-102 VLT01-036 175.50 179.95 4.45 4.45 0.53 0.53 102 3466.01 4811.26 4972.54 Vault-102 VLT01-037 96.00 101.62 5.62 5.62 1.11 1.11 102 3413.13 4582.08 5047.25 Vault-102 VLT01-038 94.18 99.30 4.00 4.00 0.36 0.36 102 3341.96 4509.36 5049.36 Vault-102 VLT01-039 46.02 50.80 4.78 4.78 0.17 0.17 102 3321.98 4676.74 5094.40 Vault-102 VLT01-040 54.59 59.05 2.30 2.30 0.00 0.00 102 3245.80 4802.98 5086.41 Vault-102 VLT01-041 55.10 59.40 4.30 4.30 5.23 5.23 102 3255.74 4927.98 5085.97 Vault-102 VLT01-042 90.96 95.70 4.74 4.74 2.24 2.24 102 3394.87 4678.49 5052.01 Vault-102 VLT02-048 157.20 164.25 7.05 7.05 0.54 0.54 102 3522.84 4675.00 4989.59 Vault-102 VLT02-051 213.30 219.80 6.50 6.50 0.42 0.42 102 3554.28 4800.00 4935.12 Vault-102 VLT02-054 171.05 176.00 4.95 4.95 0.47 0.47 102 3546.37 4579.99 4973.11 Vault-102 VLT02-062 23.15 27.60 4.45 4.45 0.61 0.61 102 3160.26 4499.84 5125.11 Vault-102 VLT02-063 44.85 49.15 4.30 4.30 0.24 0.24 102 3251.34 4500.50 5097.36 Vault-102 VLT02-064 20.93 25.55 4.62 4.62 0.84 0.84 102 3140.49 4539.66 5127.70 Vault-102 VLT02-065 24.30 29.22 2.78 2.78 0.09 0.09 102 3190.65 4539.83 5120.87 Vault-102 VLT02-066 38.57 44.85 6.28 6.28 0.68 0.68 102 3250.69 4539.78 5104.03 Vault-102 VLT02-067 14.00 18.65 4.65 4.65 0.44 0.44 102 3123.55 4574.83 5133.98 Vault-102 VLT02-068 24.84 29.84 5.00 5.00 0.43 0.43 102 3203.61 4574.91 5119.49 Vault-102 VLT02-072 3.26 7.10 3.74 3.74 0.71 0.71 102 3073.91 4499.67 5145.43 Vault-102 VLT02-074 8.13 12.51 3.54 3.54 0.20 0.20 102 3095.73 4539.80 5140.96 Vault-102 VLT02-077 3.34 7.89 4.55 4.55 0.40 0.40 102 3096.94 4624.98 5141.70 Vault-102 VLT02-078 11.30 15.59 4.29 4.29 0.38 0.38 102 3146.65 4624.97 5134.13 Vault-102 VLT02-079 25.97 30.78 4.81 4.81 0.72 0.72 102 3189.48 4624.73 5117.39 Vault-102 VLT02-080 46.74 51.18 4.44 4.44 0.48 0.48 102 3232.53 4622.74 5095.83 Vault-102 VLT02-081 12.53 18.35 5.82 5.82 0.39 0.39 102 3202.25 4675.01 5127.96 Vault-102 VLT02-082 8.49 12.98 4.49 0.00 0.00 0.00 102 3163.48 4674.82 5136.64 Vault-102 VLT02-084 1.81 5.75 1.68 1.68 0.35 0.35 102 3088.60 4740.01 5142.23 Vault-102 VLT02-085 16.00 21.00 5.00 5.00 0.83 0.83 102 3142.88 4740.10 5126.30 Vault-102 VLT02-086 38.90 43.25 2.35 2.35 0.21 0.21 102 3195.33 4739.74 5102.35 Vault-102 VLT02-088 1.52 4.73 3.17 3.17 0.52 0.52 102 3117.83 4802.14 5142.84 Vault-102 VLT02-099 26.42 31.10 0.75 0.75 0.01 0.01 102 3212.48 4424.32 5117.68 Vault-102 VLT02-100B 63.18 67.84 4.65 0.00 0.00 0.00 102 3305.89 4741.36 5080.73 Vault-102 VLT02-101 78.04 82.76 4.72 4.72 0.18 0.18 102 3362.26 4740.75 5065.76 Vault-102 VLT02-106 24.40 29.19 4.16 4.16 0.37 0.37 102 3175.36 4602.91 5120.93
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-102 VLT02-107 2.63 5.01 2.38 Length0.00 0.00 0.00 102 3099.10 4649.87 5143.08 Vault-102 VLT02-108 2.86 4.34 1.49 0.00 0.00 0.00 102 3075.84 4555.74 5146.20 Vault-102 VLT03-110 4.50 9.85 5.35 5.35 0.34 0.34 102 3146.76 4829.47 5135.87 Vault-102 VLT03-111 21.50 25.90 4.40 4.40 0.42 0.42 102 3191.28 4829.74 5118.55 Vault-102 VLT03-113 5.65 10.20 4.55 4.55 0.23 0.23 102 3166.28 4859.72 5132.79 Vault-102 VLT03-115 27.78 32.22 4.44 4.44 0.98 0.98 102 3189.21 4889.06 5111.40 Vault-102 VLT03-117 12.50 17.25 4.75 4.75 0.33 0.33 102 3149.57 4889.72 5125.66 Vault-102 VLT03-118 6.15 10.50 4.35 4.35 0.56 0.56 102 3096.65 4890.12 5136.08 Vault-102 VLT03-120 2.38 2.72 0.34 0.00 0.00 0.00 102 3091.14 4925.22 5139.04 Vault-102 VLT03-124 2.85 3.93 1.08 0.00 0.00 0.00 102 3088.87 4989.80 5136.50 Vault-102 VLT03-125 16.25 23.06 6.81 6.81 1.32 1.32 102 3153.40 4975.24 5120.81 Vault-102 VLT03-131 42.50 46.85 4.35 4.35 2.53 2.53 102 3223.52 4924.36 5097.82 Vault-102 VLT03-133 23.80 28.25 4.45 4.45 1.04 1.04 102 3200.93 4975.95 5115.62 Vault-102 VLT03-136 34.65 38.80 4.15 4.15 0.38 0.38 102 3203.30 4799.84 5105.69 Vault-102 VLT03-147 8.00 12.50 4.50 4.50 0.16 0.16 102 3126.55 4769.97 5136.28 Vault-102 VLT03-149 18.50 23.00 4.50 4.50 0.07 0.07 102 3168.81 4770.31 5124.45 Vault-102 VLT03-150 40.33 46.97 6.64 6.64 0.33 0.33 102 3231.31 4461.31 5103.45 Vault-102 VLT03-151 39.30 43.75 2.48 2.48 0.07 0.07 102 3217.59 4769.25 5101.65 Vault-102 VLT03-152 30.30 35.00 4.70 4.70 0.22 0.22 102 3219.06 4540.90 5113.96 Vault-102 VLT03-153 48.73 53.00 4.00 4.00 0.58 0.58 102 3234.60 4740.07 5092.20 Vault-102 VLT03-154B 23.95 28.84 4.89 4.89 0.22 0.22 102 3171.35 4737.96 5116.01 Vault-102 VLT03-155 27.25 31.48 4.23 4.23 0.28 0.28 102 3253.40 4708.82 5113.06 Vault-102 VLT03-156 14.45 18.82 4.37 4.37 0.38 0.38 102 3208.86 4709.90 5125.37 Vault-102 VLT03-157 4.89 9.14 2.50 2.50 0.07 0.07 102 3161.25 4709.61 5137.23 Vault-102 VLT03-168 38.00 42.74 4.74 4.74 0.28 0.28 102 3229.33 4859.94 5101.89 Vault-102 VLT03-169 78.45 82.92 4.47 4.47 0.18 0.18 102 3290.50 4856.76 5064.47 Vault-102 VLT03-178 57.30 62.00 4.70 4.70 0.47 0.47 102 3296.26 4541.53 5084.06 Vault-102 VLT03-179 56.00 60.70 4.70 4.70 0.27 0.27 102 3279.42 4576.29 5087.29 Vault-102 VLT03-186 53.46 60.80 7.34 7.34 0.30 0.30 102 3280.87 4624.70 5087.05 Vault-102 VLT03-197 91.28 101.05 9.77 9.77 0.45 0.45 102 3313.04 4925.19 5057.60 Vault-102 VLT03-198 104.08 108.49 4.40 4.40 0.16 0.16 102 3329.06 4861.11 5041.38 Vault-102 VLT03-199 64.73 72.23 3.28 3.28 0.12 0.12 102 3327.21 4625.32 5075.68 Vault-102 VLT03-200 95.92 100.35 3.00 3.00 0.20 0.20 102 3313.19 4800.28 5049.07 Vault-102 VLT03-201 64.80 69.22 4.42 4.42 0.29 0.29 102 3358.51 4674.97 5077.39 Vault-102 VLT03-202 74.35 78.97 4.62 4.62 2.36 2.36 102 3307.61 4981.39 5077.21 Vault-102 VLT03-203 37.55 42.00 4.45 4.45 0.66 0.66 102 3274.44 4675.25 5103.18 Vault-102 VLT03-205 67.72 72.06 4.34 4.34 0.33 0.33 102 3341.96 4710.45 5075.39
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-102 VLT03-207 21.43 27.34 5.91 Length5.91 1.43 1.43 102 3216.23 4388.48 5121.20 Vault-102 VLT03-208 54.26 58.53 2.18 2.18 0.18 0.18 102 3297.29 4711.47 5089.36 Vault-102 VLT03-210 108.39 112.80 4.41 4.41 0.22 0.22 102 3409.51 4741.24 5037.48 Vault-102 VLT04-228 52.22 56.56 0.33 0.33 0.16 0.16 102 3278.44 4461.94 5089.62 Vault-102 VLT04-230 66.77 71.45 4.68 0.00 0.00 0.00 102 3293.99 4500.32 5074.77 Vault-102 VLT04-232 81.91 86.39 2.61 2.61 0.14 0.14 102 3336.79 4541.22 5061.26 Vault-102 VLT04-234 100.10 105.64 1.79 1.79 0.21 0.21 102 3364.66 4628.27 5044.00 Vault-102 VLT04-236 119.06 123.85 4.79 4.79 0.34 0.34 102 3434.49 4670.48 5025.95 Vault-102 VLT04-238 117.32 121.71 4.04 4.04 0.46 0.46 102 3422.50 4706.10 5028.65 Vault-102 VLT04-241 130.10 134.50 4.40 4.40 0.16 0.16 102 3449.01 4735.04 5016.57 Vault-102 VLT04-243 144.45 148.95 3.75 3.75 0.15 0.15 102 3498.89 4740.09 5001.99 Vault-102 VLT04-245 79.53 83.75 4.22 4.22 0.39 0.39 102 3370.60 4576.93 5062.55 Vault-102 VLT04-251 92.50 96.95 4.45 4.45 0.48 0.48 102 3384.78 4710.72 5051.19 Vault-102 VLT04-253 144.43 149.22 4.79 4.79 1.76 1.76 102 3401.00 4800.76 5000.69 Vault-102 VLT04-254 130.15 139.95 8.12 8.12 0.79 0.79 102 3369.42 4858.38 5013.91 Vault-102 VLT07-265 40.10 45.20 0.50 0.50 0.05 0.05 102 3250.23 4389.64 5103.18 Vault-102 VLT07-267 39.47 43.80 0.60 0.60 0.12 0.12 102 3250.43 4426.63 5103.71 Vault-102 VLT09-275 195.50 200.00 4.50 4.50 0.34 0.34 102 3575.02 4665.78 4952.91 Vault-102 VLT09-276 146.91 154.79 7.88 7.88 0.34 0.34 102 3481.64 4588.91 4999.16 Vault-102 VLT09-277 199.00 203.50 4.50 4.50 0.30 0.30 102 3557.86 4743.41 4952.18 Vault-102 VLT09-278 134.00 138.46 4.45 4.45 0.63 0.63 102 3482.12 4673.45 5012.95 Vault-102 VLT09-279 269.50 279.00 9.50 9.50 1.20 1.20 102 3600.47 4868.63 4883.70 Vault-102 VLT09-280 170.00 175.00 5.00 5.00 0.72 0.72 102 3464.85 4867.12 4980.30 Vault-102 VLT09-284A 193.00 197.50 4.50 4.50 0.43 0.43 102 3518.96 4811.16 4956.77 Vault-102 VLT09-285 43.50 48.00 4.50 4.50 0.35 0.35 102 3253.92 4975.88 5097.37 Vault-102 VLT09-287 81.50 86.00 4.50 4.50 0.46 0.46 102 3275.73 4771.40 5062.09 Vault-102 VLT09-288A 100.50 105.00 4.50 4.50 0.17 0.17 102 3337.78 4770.83 5044.76 Vault-102 VLT09-289 227.00 231.50 4.50 4.50 0.30 0.30 102 3557.73 4871.63 4923.36 Vault-102 VLT09-290 71.50 76.00 4.50 4.50 0.44 0.44 102 3270.33 4894.75 5070.64 Vault-102 VLT09-291 70.50 75.00 4.50 4.50 0.48 0.48 102 3327.41 4462.98 5072.08 Vault-102 VLT09-292 101.70 108.00 6.30 6.30 0.38 0.38 102 3339.19 4896.77 5043.55 Vault-102 VLT09-293 101.60 106.20 4.60 4.60 0.83 0.83 102 3385.03 4540.38 5042.56 Vault-102 VLT09-310 115.00 121.50 6.50 6.50 0.39 0.39 102 3415.70 4626.43 5028.72 Vault-102 VLT09-311 141.00 146.00 5.00 5.00 0.50 0.50 102 3461.08 4627.00 5004.65 Vault-102 VLT09-312 111.00 115.50 4.50 4.50 0.40 0.40 102 3385.33 4499.18 5034.71 Vault-102 VLT10-05 149.11 153.48 3.19 3.19 0.24 0.24 102 3500.05 4525.30 5001.73 Vault-102 VLT10-22 114.45 118.83 4.39 0.00 0.00 0.00 102 3393.15 4774.38 5033.45
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-102 VLT10-23 126.50 131.25 4.75 Length4.75 0.10 0.10 102 3440.97 4772.72 5020.39 Vault-102 VLT10-25 150.00 155.30 5.30 5.30 1.50 1.50 102 3415.86 4825.58 4997.58 Vault-102 VLT10-26 138.30 145.30 7.00 7.00 0.62 0.62 102 3409.28 4876.62 5011.80 Vault-102 VLT10-27 66.80 74.10 7.30 7.30 0.21 0.21 102 3318.02 4450.77 5076.62 Vault-102 VLT10-28 63.00 68.20 5.20 5.20 0.33 0.33 102 3287.56 4400.41 5080.74 Vault-102 VLT10-29 180.40 185.30 4.90 4.90 2.17 2.17 102 3547.85 4626.01 4967.53 Vault-102 VLT10-30 167.49 172.19 4.70 4.70 0.38 0.38 102 3501.01 4624.22 4979.74 Vault-102 VLT10-32 160.11 164.04 3.92 3.92 0.07 0.07 102 3508.15 4727.39 4988.57 Vault-102 VLT10-33 199.51 206.61 7.10 7.10 0.62 0.62 102 3585.46 4628.75 4950.33 Vault-102 VLT10-34 70.70 75.60 4.90 4.90 0.41 0.41 102 3293.66 4353.25 5074.93 Vault-102 VLT10-35 46.00 50.35 4.35 4.35 2.35 2.35 102 3228.30 4901.28 5095.34 Vault-102 VLTP11-01 6.90 11.50 4.60 4.60 0.89 0.89 102 3106.12 4975.00 5131.66 Vault-102 VLTP11-10 125.70 131.00 5.30 5.30 0.43 0.43 102 3377.39 4900.55 5020.52 Vault-102 VLTP11-11 113.90 119.20 5.30 5.30 0.29 0.29 102 3438.23 4550.00 5031.19 Vault-102 VLTP11-12 90.10 95.25 2.40 2.40 0.09 0.09 102 3368.08 4449.87 5052.15 Vault-103 VLT00-010 35.95 40.40 4.45 4.45 0.36 0.36 103 3107.35 4501.39 5118.27 Vault-103 VLT00-011 59.00 63.50 4.50 4.50 0.21 0.21 103 3196.83 4501.05 5089.04 Vault-103 VLT00-019 17.80 23.60 5.80 5.80 0.23 0.23 103 3088.93 4425.27 5130.80 Vault-103 VLT00-020 28.70 36.10 7.40 7.40 0.26 0.26 103 3162.03 4425.99 5117.34 Vault-103 VLT02-060 4.49 6.76 2.26 2.26 0.54 0.54 103 3046.37 4425.01 5143.27 Vault-103 VLT02-061 25.15 32.30 7.15 7.15 0.36 0.36 103 3139.53 4460.13 5122.98 Vault-103 VLT02-062 40.82 45.60 4.78 4.78 0.25 0.25 103 3154.17 4499.54 5108.35 Vault-103 VLT02-063 72.71 77.08 4.37 4.37 0.06 0.06 103 3241.90 4500.49 5071.12 Vault-103 VLT02-069 6.00 10.40 4.40 4.40 0.67 0.67 103 3047.04 4459.90 5140.91 Vault-103 VLT02-070 24.80 29.15 4.35 4.35 0.33 0.33 103 3090.44 4459.99 5125.36 Vault-103 VLT02-072 16.70 21.28 4.58 4.58 0.27 0.27 103 3069.18 4499.52 5132.46 Vault-103 VLT02-098 10.25 14.50 4.25 4.25 0.77 0.77 103 3070.19 4387.53 5136.04 Vault-103 VLT02-099 52.43 56.83 2.18 2.18 0.14 0.14 103 3203.32 4424.06 5093.49 Vault-103 VLT02-105 9.82 14.17 4.35 4.35 0.10 0.10 103 3045.91 4492.01 5138.33 Vault-103 VLT03-122 33.00 37.28 4.28 4.28 0.54 0.54 103 3162.75 4389.15 5113.66 Vault-103 VLT03-127 23.49 28.13 4.65 4.65 0.09 0.09 103 3114.76 4388.74 5123.54 Vault-103 VLT03-146 27.47 32.51 5.04 5.04 0.20 0.20 103 3123.83 4425.90 5121.15 Vault-103 VLT03-148 36.48 41.19 4.71 4.71 0.26 0.26 103 3183.69 4459.03 5111.93 Vault-103 VLT03-150 60.09 64.58 3.58 3.58 0.32 0.32 103 3224.60 4461.72 5086.02 Vault-103 VLT03-207 43.40 49.32 5.92 5.92 0.26 0.26 103 3208.74 4389.05 5100.55 Vault-103 VLT03-209 41.18 45.84 4.66 4.66 0.63 0.63 103 3198.89 4350.53 5103.76 Vault-103 VLT04-228 71.15 75.77 4.62 4.62 1.02 1.02 103 3271.94 4462.55 5071.71
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-103 VLT07-267 55.80 60.75 3.30 Length3.30 0.34 0.34 103 3244.87 4427.24 5088.04 Vault-104 VLT04-213 32.23 36.58 4.35 4.35 0.75 0.75 104 3288.27 3930.99 5107.54 Vault-104 VLT04-215 45.70 50.45 4.75 4.75 0.54 0.54 104 3332.79 3849.84 5095.19 Vault-104 VLT04-216 20.92 26.63 5.71 0.00 0.00 0.00 104 3291.76 3775.49 5117.81 Vault-104 VLT04-219 48.17 53.00 4.83 4.83 0.51 0.51 104 3333.14 3699.12 5094.18 Vault-104 VLT04-220 22.98 28.17 5.19 5.19 0.23 0.23 104 3292.29 3624.69 5116.18 Vault-104 VLT04-222 62.63 68.54 5.91 5.91 0.28 0.28 104 3376.14 3775.14 5078.66 Vault-104 VLT04-223 89.90 94.32 4.42 4.42 0.96 0.96 104 3415.22 3849.02 5054.53 Vault-104 VLT04-224 78.52 82.96 4.44 4.44 0.64 0.64 104 3373.80 3931.90 5064.01 Vault-104 VLT10-13 8.89 9.25 0.36 0.36 0.13 0.13 104 3220.86 3974.76 5132.58 Vault-104 VLT10-14 21.40 25.90 4.50 4.50 0.08 0.08 104 3264.91 3974.59 5119.46 Vault-104 VLT10-17 15.75 20.20 4.45 4.45 0.18 0.18 104 3267.31 3875.15 5124.60 Vault-104 VLT10-19 17.20 21.75 4.55 4.55 0.03 0.03 104 3278.61 3748.85 5122.20 Vault-104 VLT10-21 16.40 20.90 4.50 4.50 0.13 0.13 104 3278.26 3649.77 5123.00 Vault-104 VLTP11-14 43.80 48.86 1.70 1.70 0.05 0.05 104 3322.54 3665.45 5100.51 Vault-104 VLTS11-01 20.90 26.00 5.10 5.10 0.08 0.08 104 3294.23 3700.07 5117.88 Vault-104 VLTS11-03 15.10 19.50 4.40 4.40 0.04 0.04 104 3279.11 3725.21 5123.35 Vault-104 VLTS11-05 36.20 40.77 4.57 0.00 0.00 0.00 104 3322.01 3749.39 5103.48 Vault-104 VLTS11-14 9.28 13.45 4.17 4.17 0.12 0.12 104 3245.58 3899.98 5129.11 Vault-104 VLTS11-15 28.50 33.00 4.50 4.50 0.34 0.34 104 3288.38 3899.90 5111.03 Vault-104 VLTS11-18 14.80 19.59 4.80 4.80 0.07 0.07 104 3242.50 3950.00 5124.10 Vault-104 VLTS11-19 32.70 37.30 4.60 4.60 0.30 0.30 104 3286.57 3950.16 5107.57 Vault-104 VLTS11-20 56.40 61.00 4.60 4.60 0.81 0.81 104 3330.78 3950.12 5084.94 Vault-104 VLTS11-23 16.10 20.30 4.20 4.20 0.72 0.72 104 3241.39 4000.12 5123.11 Vault-104 VLTS11-24 39.10 43.40 4.30 4.30 0.14 0.14 104 3281.16 3999.68 5102.60 Vault-105 GTVLT02-01 12.01 16.51 4.50 0.00 0.00 0.00 105 3205.62 4571.58 5133.18 Vault-105 VLT00-012 27.20 31.50 4.30 4.30 1.31 1.31 105 3261.38 4351.27 5115.77 Vault-105 VLT00-021 20.26 24.86 4.60 0.00 0.00 0.00 105 3238.71 4573.08 5121.93 Vault-105 VLT01-028 49.30 54.08 4.78 4.78 0.19 0.19 105 3330.63 4578.22 5091.60 Vault-105 VLT01-037 81.47 86.85 5.38 0.00 0.00 0.00 105 3418.15 4581.03 5060.97 Vault-105 VLT01-038 58.86 63.44 4.58 4.58 0.36 0.36 105 3354.02 4505.94 5082.67 Vault-105 VLT01-042 69.50 73.91 2.30 2.30 0.15 0.15 105 3402.18 4677.36 5072.34 Vault-105 VLT02-054 155.00 164.85 9.85 9.85 1.27 1.27 105 3550.10 4579.59 4986.18 Vault-105 VLT02-068 9.89 14.66 4.77 4.77 0.09 0.09 105 3209.13 4575.14 5133.51 Vault-105 VLT02-078 1.31 5.31 3.28 3.28 0.82 0.82 105 3150.11 4624.97 5143.65 Vault-105 VLT02-079 17.00 21.49 3.31 3.31 0.27 0.27 105 3192.74 4624.87 5125.92 Vault-105 VLT02-080 26.39 30.75 2.56 2.56 0.08 0.08 105 3239.50 4623.78 5114.96
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-105 VLT02-099 7.69 11.96 4.27 Length4.27 0.22 0.22 105 3219.01 4424.51 5135.45 Vault-105 VLT02-106 14.00 18.48 4.48 4.48 0.70 0.70 105 3178.98 4602.88 5130.84 Vault-105 VLT03-150 4.88 9.48 4.60 4.60 0.11 0.11 105 3244.58 4460.51 5137.42 Vault-105 VLT03-178 28.56 32.80 4.24 4.24 0.16 0.16 105 3305.98 4540.68 5111.34 Vault-105 VLT03-179 38.77 43.09 1.76 1.76 0.22 0.22 105 3285.22 4575.88 5103.71 Vault-105 VLT03-186 35.00 40.40 5.40 5.40 0.23 0.23 105 3287.19 4624.77 5105.42 Vault-105 VLT03-199 45.78 51.34 5.56 5.56 0.28 0.28 105 3334.05 4625.18 5094.38 Vault-105 VLT03-201 53.77 58.14 2.08 2.08 0.26 0.26 105 3362.11 4674.94 5087.84 Vault-105 VLT03-205 56.25 60.60 4.35 4.35 2.12 2.12 105 3345.68 4710.37 5086.23 Vault-105 VLT03-207 3.57 11.30 7.70 7.70 0.67 0.67 105 3221.99 4388.04 5137.13 Vault-105 VLT03-209 4.76 8.26 1.76 1.76 0.11 0.11 105 3212.03 4349.86 5138.35 Vault-105 VLT04-228 28.24 33.04 4.80 4.80 0.36 0.36 105 3286.68 4461.17 5111.88 Vault-105 VLT04-230 37.94 42.24 4.30 4.30 1.11 1.11 105 3303.54 4500.45 5102.17 Vault-105 VLT04-232 48.50 55.20 6.70 6.70 1.84 1.84 105 3348.10 4540.93 5091.51 Vault-105 VLT04-234 72.68 79.08 6.40 6.40 0.41 0.41 105 3374.08 4627.36 5069.27 Vault-105 VLT04-245 63.93 70.67 6.21 6.21 0.60 0.60 105 3375.44 4576.56 5076.04 Vault-105 VLT04-251 72.00 76.30 4.30 4.30 0.34 0.34 105 3391.13 4710.58 5070.76 Vault-105 VLT07-265 7.00 21.50 14.50 14.50 2.18 2.18 105 3260.41 4388.56 5129.66 Vault-105 VLT07-267 13.00 19.00 6.00 6.00 0.92 0.92 105 3259.09 4425.68 5127.82 Vault-105 VLT09-276 129.95 134.97 5.02 5.02 0.51 0.51 105 3488.06 4588.53 5016.39 Vault-105 VLT09-291 41.00 46.50 5.50 5.50 0.14 0.14 105 3337.28 4463.16 5099.35 Vault-105 VLT09-293 76.00 90.00 14.00 14.00 0.59 0.59 105 3391.75 4540.35 5062.35 Vault-105 VLT09-310 99.00 105.00 6.00 6.00 0.26 0.26 105 3420.92 4626.24 5044.11 Vault-105 VLT09-311 124.10 126.63 2.53 2.53 0.34 0.34 105 3466.87 4626.62 5021.83 Vault-105 VLT09-312 84.00 88.50 4.50 4.50 0.38 0.38 105 3394.91 4499.39 5059.95 Vault-105 VLT10-05 137.00 141.51 4.51 4.51 0.57 0.57 105 3504.66 4525.28 5012.85 Vault-105 VLT10-27 40.00 44.60 4.60 4.60 0.42 0.42 105 3329.67 4450.47 5102.24 Vault-105 VLT10-28 30.40 47.60 17.20 17.20 0.17 0.17 105 3297.94 4400.26 5105.23 Vault-105 VLT10-29 169.29 170.80 1.51 1.51 0.24 0.24 105 3552.04 4625.94 4979.63 Vault-105 VLT10-30 144.30 154.99 10.69 10.69 1.53 1.53 105 3507.79 4624.66 4998.76 Vault-105 VLT10-34 42.50 48.70 6.20 6.20 0.58 0.58 105 3305.57 4352.02 5099.74 Vault-105 VLTP11-11 91.00 103.70 12.70 12.70 0.84 0.84 105 3445.11 4550.00 5049.12 Vault-105 VLTP11-12 61.90 69.60 7.70 7.70 1.97 1.97 105 3376.42 4449.98 5077.75 Vault-106 VLT03-111 6.75 11.19 4.44 4.44 0.11 0.11 106 3196.31 4829.61 5132.40 Vault-106 VLT03-115 6.20 11.00 4.80 4.80 0.39 0.39 106 3196.30 4889.87 5131.57 Vault-106 VLT03-168 28.18 32.89 4.71 4.71 0.37 0.37 106 3232.66 4859.94 5111.14 Vault-106 VLT03-169 66.53 71.08 4.55 4.55 0.12 0.12 106 3294.44 4857.73 5075.63
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-106 VLT03-198 86.27 90.93 4.66 Length4.66 0.19 0.19 106 3334.88 4860.93 5058.08 Vault-106 VLT04-254 108.54 115.00 6.46 6.46 0.41 0.41 106 3376.99 4858.63 5035.92 Vault-106 VLT09-290 53.50 58.00 4.50 4.50 0.21 0.21 106 3276.02 4894.83 5087.72 Vault-106 VLT09-292 90.00 94.50 4.50 4.50 0.19 0.19 106 3343.35 4896.84 5055.44 Vault-106 VLT10-25 132.60 137.10 4.50 4.50 0.44 0.44 106 3421.86 4825.80 5014.33 Vault-106 VLT10-35 22.50 27.00 4.50 4.50 0.01 0.01 106 3236.20 4900.72 5117.38 Vault-110 VLT01-035 307.90 316.32 8.42 8.42 4.86 4.86 110 3514.51 4948.10 4848.85 Vault-110 VLT01-043 211.00 217.10 6.10 6.10 3.02 3.02 110 3298.59 5199.97 4940.11 Vault-110 VLT02-047 403.70 419.10 15.40 15.40 0.62 0.62 110 3632.48 4944.14 4764.07 Vault-110 VLT02-049 267.58 271.80 4.22 4.22 1.01 1.01 110 3380.87 5100.00 4887.83 Vault-110 VLT02-050 186.40 193.75 7.35 7.35 0.31 0.31 110 3266.97 5150.00 4962.62 Vault-110 VLT02-051 289.90 305.55 15.65 15.65 5.51 2.20 110 3527.86 4800.00 4858.37 Vault-110 VLT02-053 348.00 358.05 10.05 10.05 0.88 0.88 110 3580.57 5025.42 4807.74 Vault-110 VLT02-055 358.03 392.52 28.79 28.79 1.39 1.39 110 3620.74 4803.03 4787.54 Vault-110 VLT04-240 325.48 345.89 20.41 20.41 1.00 1.00 110 3581.02 4667.51 4825.63 Vault-110 VLT04-243 250.36 255.00 4.64 4.64 0.24 0.24 110 3463.10 4739.79 4902.25 Vault-110 VLT09-275 299.00 310.00 11.00 11.00 1.25 1.25 110 3539.70 4664.17 4852.19 Vault-110 VLT09-277 289.00 300.00 11.00 11.00 2.45 2.45 110 3525.54 4745.03 4864.73 Vault-110 VLT09-279 341.70 356.00 14.30 14.30 1.67 1.67 110 3573.88 4866.24 4814.05 Vault-110 VLT09-280 253.00 265.85 12.85 12.85 0.29 0.29 110 3433.70 4869.09 4899.17 Vault-110 VLT09-281 351.00 363.50 12.50 12.50 0.67 0.67 110 3578.88 4934.31 4805.69 Vault-110 VLT09-282 264.85 269.85 5.00 5.00 0.57 0.57 110 3465.97 4945.58 4887.71 Vault-110 VLT09-283 319.00 347.00 28.00 28.00 0.79 0.79 110 3578.45 4731.12 4830.50 Vault-110 VLT09-284A 263.00 286.00 23.00 23.00 3.44 3.44 110 3494.04 4810.99 4881.55 Vault-110 VLT09-286 329.00 348.00 19.00 19.00 1.89 1.89 110 3578.52 4801.04 4823.32 Vault-110 VLT09-289 310.00 322.80 12.80 12.80 1.45 1.45 110 3528.27 4869.00 4841.38 Vault-110 VLT09-294 211.00 224.00 13.00 13.00 3.06 3.06 110 3380.69 5020.54 4934.32 Vault-110 VLT09-296A 222.50 227.00 4.50 4.50 2.10 2.10 110 3317.35 5148.81 4926.99 Vault-110 VLT09-297 250.50 262.50 12.00 12.00 0.94 0.94 110 3442.70 5015.97 4901.09 Vault-110 VLT09-300A 304.50 310.90 6.40 6.40 3.25 3.25 110 3516.88 5013.64 4851.42 Vault-110 VLT10-29 272.50 279.80 7.30 7.30 1.35 1.35 110 3517.31 4626.53 4879.37 Vault-110 VLT10-31 204.05 207.35 3.30 0.00 0.00 0.00 110 3333.77 5050.05 4945.99 Vault-110 VLT10-32 258.38 264.27 5.89 5.89 0.01 0.01 110 3475.23 4728.91 4894.95 Vault-110 VLT10-33 301.59 314.88 13.30 13.30 0.60 0.60 110 3547.91 4629.53 4852.09 Vault-110 VLTP11-03 213.70 241.80 28.10 28.10 0.88 0.88 110 3388.25 4981.39 4927.61 Vault-110 VLTP11-04 242.50 261.50 19.00 19.00 1.01 1.01 110 3429.66 4976.50 4904.56 Vault-110 VLTP11-05 220.20 241.00 20.80 20.80 1.99 1.99 110 3337.71 5102.08 4925.91
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Zone Hole From To Length Sampled Au (g/t) Au (using high grade capping*) Rockcode x y z Vault-110 VLTP11-07 188.00 192.50 4.50 Length4.50 1.74 1.74 110 3251.24 5203.98 4961.08
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