341 0 Kommentare Excalibur Acquires Royalties on the Mirado Mine Located in Kirkland Lake From Orefinders Resources - Seite 2

About the Mirado Project

The Mirado gold project is located 35 km southeast of the gold mining Town of Kirkland Lake in northeastern Ontario. The entire Mirado property encompasses 5,800 acres. The focus of the Mirado Gold Project is 12 contiguous patented claims, with surface and mining rights, owned 100% by Orefinders. The project has a 43-101 inferred resource of 442,000 ounces of gold at an average grade of 1.29 gpt. The inferred mineral resource estimate, which includes the three stockpiles, was published on 13 December, 2013. Refer to Orefinders website (www.orefinders.ca) or Sedar (www.Sedar.ca) to obtain a copy of the technical report.

*Mineral Resource Statement, Mirado Project, Ontario.**
Effective date: 13 December, 2013
	Cut-Off			Contained
	Grade	Quantity	Grade	Metal
Classification/Zone	(gpt Gold)	(000 tonnes)	Gold (gpt)	Gold (000 ounces)
Inferred
Open pit**	0.45	9,927	1.18	376.6
Underground**	2.00	669	2.90	62.4
Northern pile***	2.00	12	4.71	1.8
Central pile***	2.00	4	5.38	0.7
Southern pile***	2.00	5	2.74	0.4
Total Inferred		10,618	1.29	442.0
* Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures have been rounded to reflect the relative accuracy of the estimates. Open pit mineral resources are reported at a cut-off grade of 0.45 gpt gold inside a conceptual pit; underground and stockpile mineral resources reported at a cut-off grade of 2.0 gpt gold. Cut-off grades assume a gold price of US$1,400 per ounce; and metallurgical recovery of 95 percent.
** Open pit and underground resources were disclosed by Orefinders in a news release dated December 9, 2013.
*** Mineral resources in historical stockpiles were disclosed by Orefinders in a news release dated October 30, 2013.