The Initial Mineral Resource Estimate comprises a total Indicated Mineral Resource of 469,000 ounces of gold and a total Inferred Mineral Resource of 112,000 ounces of gold on the near-surface
Table 1: Pit-Constrained Mineral Resource Estimate at a 0.2 g/t Au Cut-Off - Effective
MINERAL RESOURCE ESTIMATE
Lone Star Deposit
The drill hole database is comprised of 241 diamond drill holes for the
The geology model is composed of a mineralized domain developed at a 0.2 g/t Au cut-off grade. The mineralized zone extends approximately 2 km along strike at an azimuth of 120-degree by 700m wide and to a depth of approximately 400m below surface.
The high-grade gold outliers of the 1.0m composites within the mineralized domain were capped to 20.0 g/t Au. Statistics conducted on the capped composites showed lognormal distributions with reasonably well-behaved gold grade distributions.
The spatial continuity of the gold grades was examined with a variographic study. Results showed main orientations of gold grade continuity along the strike of the deposit oriented at 115-degree. Ranges of gold grade continuity within the mineralized domain are 49m along strike, 25m across strike and 33m vertically. (Refer to Figure 2:
The drill hole database is comprised of 174 diamond drill holes for the Stander deposit with a cut-off date of
The Stander deposit is made of 2 mineralized zones; the Central zone and the East zone located some 500m to the southeast. Both mineralized zones were delineated at a 0.2 g/t Au cut-off grade. The Central mineralized zone extends approximately 400m along strike at an azimuth of 130-degree by 200m wide and to a depth of approximately 150m below surface. The East mineralized zone extends approximately 700m along strike at an azimuth of 130-degree by 250m wide and to a depth of approximately 200m below surface.
The high-grade gold outliers of the 1.0m composites within the mineralized domain were capped to 25.0 g/t Au for the Central zone and to 20.0 g/t Au for the East zone. Statistics conducted on the capped composites showed lognormal distributions with reasonably well-behaved gold grade distributions.
The spatial continuity of the gold grades was examined with a variographic study. Results showed main orientations of gold grade continuity along the strike of the deposit oriented at 140-degree for both zones. Ranges of gold grade continuity within the Central mineralized zone are 39m along strike, 27m across strike and 20m vertically. For the East mineralized zone the ranges of gold grade continuity are 47m along strike, 32m across strike and 28m vertically. (Refer to Figure 3:
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