Ni 43-101 Technical Report
Total Page:16
File Type:pdf, Size:1020Kb
NI 43-101 TECHNICAL REPORT ALTAN TSAGAAN OVOO GOLD PROJECT Tsagaan Ovoo, Dornod, Mongolia Prepared for: Steppe Gold LLC Shangri-La office 1201, Shangri-La office, Olympic street 19A, Sukhbaatar district-1, Ulaanbaatar Mongolia Prepared by: Qualified Person: Oyungerel Bayanjargal, MAusIMM (CP) GSTATS Consulting LLC and Reviewed by: Qualified Persons: Leonid Tokar, P.Eng, GSTATS Consulting LLC Tim Fletcher, P.Eng, DRA Americas Inc. David Frost, FAusIMM, B.Met Eng., DRA Americas Inc. Dr. Martin Stapinsky, P.Geo, DRA Americas Inc. Effective date: September 6, 2017 Issue date: October 4, 2017 SIGNATURE PAGE To accompany the report entitled NI 43-101 TECHNICAL REPORT ALTAN TSAGAAN OVOO GOLD PROJECT, Tsagaan Ovoo, Dornod, Mongolia dated October 4, 2017. Qualified Person Date: October 4, 2017 Oyungerel Bayanjargal, MAusIMM (CP) Principal Consultant GSTATS Consulting LLC CERTIFICATE OF QUALIFIED PERSON To accompany the report entitled NI 43-101 TECHNICAL REPORT ALTAN TSAGAAN OVOO GOLD PROJECT, Tsagaan Ovoo, Dornod, Mongolia dated October 4, 2017. I, Oyungerel Bayanjargal, do hereby certify that: 1. I am Director and Principal Consultant for GSTATS Consulting LLC with an office at 407a, Peace Building, Sukhbaatar Street, Chingeltei, Ulaanbaatar, Mongolia. 2. I hold the following academic qualifications: B.Sc in Mathematics, University of Education, Mongolia; B.Sc (Honours) in Geology, University of Science and Technology, Mongolia; M.Sc in Mineral Resource Exploration, ITC Twente University, The Netherlands. 3. I am a Member (No.301956) of the Australasian Institute of Mining and Metallurgy and accredited as a Chartered Professional under the discipline of Geology. 4. I have practiced my profession continuously in exploration and mining industry since my graduation from university. I have 24 years of experience in mineral exploration and mining. Since 2004, I’ve carried out Mineral Resource and Mineral Reserve estimates, and Pre- Feasibility and Feasibility Studies predominately in a gold mine as Senior mine geologist and Chief Mine geologist. My consulting experience since 2011 was mostly focused on gold, copper and base metal deposits. 5. I have read the definition of “qualified person” set out in the National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association and past relevant work experience, I fulfil the requirements to be a qualified person for the purposes of NI 43-101. 6. I am the author of this technical report and responsible for the preparation of Section 1 to Section 27. 7. I conducted a site inspection of the project on 23 August and 2 October of 2017. 8. I am independent of the issuer, Steppe Gold LLC. 9. I have not had any prior involvement with ATO project. 10. I have read NI 43-101 and Form 43-101F1 and the sections of the Technical Report for which I was responsible have been prepared in compliance with that instrument and form and at the effective date of the Technical Report, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading. Dated in Ulaanbaatar, Mongolia, this October 4, 2017. Oyungerel Bayanjargal, MAusIMM (CP) Principal Consultant, GSTATS Consulting LLC CERTIFICATE OF QUALIFIED PERSON To accompany the report entitled NI 43-101 TECHNICAL REPORT ALTAN TSAGAAN OVOO GOLD PROJECT, Tsagaan Ovoo, Dornod, Mongolia dated October 4, 2017. I, Lenny Tokar, do hereby certify that: 1. I am an Associated Consultant for GSTATS Consulting LLC, 10 Old Oak Dr. #205, Buffalo Grove, IL, 60089, USA. 2. I hold the following academic qualifications: Master's Degree in Mining Engineering, University, Krivoy Rog, “Strategic Risk Management and Applied Optimization in Mine Design” McGill University, Montreal, Canada. 3. I am a Professional Mining Engineer of Ontario (No. 100014617). 4. I have practiced Mining Engineering since my graduation from university. I have more than 30 years of Mine Engineering experience. Since 2005, I’ve carried out Mineral Resource and Mineral Reserve estimates, Pre-Feasibility and Feasibility Studies predominately for the gold mining sector as Senior Mine Engineer. My consulting experience since 2015 was focused on gold, copper and base metal deposits. 5. I have read the definition of “qualified person” set out in the National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association and past relevant work experience, I fulfil the requirements to be a qualified person for the purposes of NI 43-101. 6. I am responsible for the review of the Sections 15, 16 and 22. 7. I am independent of the issuer, Steppe Gold LLC. 8. I have not had any prior involvement with ATO project. 9. I have read NI 43-101 and Form 43-101F1 and the sections of the Technical Report for review of which I was responsible have been prepared in compliance with that instrument and form and at the effective date of the Technical Report, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading. This 22nd day of January 22, 2018. Leonid (Lenny) Tokar, P.Eng. Associated Consultant, GSTATS Consulting LLC □RA th This 26 day of February 2018. Tim Fletcher, P. Eng. Project Manager DRA Americas Inc. □RA 11) Neither I, nor any affiliated entity of mine, own, directly or indirectly, nor expect to receive, any interest in the properties or securities of Steppe Gold LLC, or any associated or affiliated companies; 12) Neither I, nor any affiliated entity of mine, have earned the majority of our income during the preceding three (3) years from Steppe Gold LLC, or any associated or affiliated companies; 13) I have read NI 43-101 and Form 43-l 0lFl and have reviewed the relevant sections involved in (as listed in point 6) in the Technical Report in compliance with NI 43- 101 and Form 43-1 0lFl; these Sections were prepared in conformitywith generally accepted - mining industry best practice, and as of the date of the certificate, to the best of my knowledge, information and belief, the Technical Report contains the scientific and technical information that is required to be disclosed to make the Technical Report not misleading. This 26th day of February 2018, David Frost, F AusIMM, B. Met Eng. Vice President - Process Engineering DRA Americas Inc. Page 2 of2 A日時A CERTIFICATE OF QUALIFIED PERSON To accompany the Report titled “NI 43" 1 0 1 TECHNICAL REPORT ALTAN TSAGAAN OVOO GOLD PROJECT, Tsagaan Ovoo’Domod, Mongolia” which is e節ective as of September 6血, 2017 and issued on October 4th, 2017 (血e “Tec血ical Report”) prepared for Steppe Gold LLC (the “Company’’)・ I, Martin Stapinsky, P. Geo, M.Sc., Ph.D., do hereby certify that: l)喜諾霊誤露l豊悪霊鵠講説霊窪霊 2)嘉宝器誓認諾認諾慧智慧豊霊霊露盤 a ph. D. in Earth Sciences (hydrogeoIogy) from the University of Ottawa in 2001 ; 3) k器霊宝霊諾‡盗,駕欝箸bec (#794) and the 4) I have worked as a HydrogeoIogist and in Enviroment continuously since my 5)豊富羅霊豊諾記譜岩盤豊霊諾graduation from university; association and past relevant wock experience, I細則the requlrementS tO be an independent qua雌ed person for the puaposes ofNI 43-101 ; 6)岩盤認諾霊黙諾藍慧嵩豊隷書藍霊 the enviromental studies, Pem舶ng, SOCial and cormu血ty aspects ofthe prQject; 7) I have not visited the Altan Tsagaan Ovoo PrQject (ATO) site; 8) I have no personal knowledge as ofthe date of址s cert:胞cate ofany material fact or change, Which is not reflected in this Report; 9)慧霊土器嵩認諾霊詫霊諾。豊諾諾 entity or empIoyee of Steppe Gold LLC, Or any aSSOCiated or a珊iated entities; 10)霊器詳警謹認諾筈霊誤認詰ま藍蒜嵩 associated or a節1iated companies; 11)謹言葦品諾露盤詮議諸富諒等霊諾 a触Iiated companies; P呼l of2 □RA 12) I have read NI 43-101 and Form 43-lOlFl and have reviewed the relevant sections involved in (as listed in point 6) in the Technical Report in compliance with NI 43- 101 and Form 43-1 OlFl; these Sections were prepared in conformity with generally accepted mining industry practice, and as of the date of the certificate, to the best of my knowledge, information and belief, the Technical Report contains the scientific and technical information that is required to be disclosed to make the Technical Report not misleading. This 26th day of February 2018, Martin Stapinsky, P.Geo. M.Sc., Ph.D. Senior ProfessionalGeologist Met-Chem, a division of DRA Americas Inc. Page 2 of2 NI 43-101 TECHNICAL REPORT ATO GOLD PROJECT Table of Contents 1. SUMMARY ....................................................................................................................................................... 11 1.1 INTRODUCTION .................................................................................................................................................... 11 1.2 PROPERTY DESCRIPTION AND OWNERSHIP ................................................................................................................ 11 1.3 GEOLOGY AND MINERALIZATION ............................................................................................................................ 11 1.4 EXPLORATION AND DRILLING .................................................................................................................................. 11 1.5 DATA VERIFICATION ............................................................................................................................................. 12 1.6 METALLURGICAL TESTS AND PROCESSING ................................................................................................................