241 0 Kommentare P2 Gold Announces Initial Mineral Resource Estimate for the Monarch Gold Zone at the BAM Project - Seite 2

Grade
(g/t)
Gold
(M oz)
Silver
(M oz) Gold Eq.
Grade
(g/t)
Gold Eq.
(M oz) 27.2 0.59 2.52 0.52 2.21 0.62 0.55

(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
(2) The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
(3) The Mineral Resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
(4) The Mineral Resource Estimate was prepared for a potential open pit scenario using a constraining pit shell (with 50 degree slopes) at a 0.2 g/t gold equivalent cut-off grade. The gold equivalent cut-off grade was derived from US$1,800/oz gold, US$24/oz silver, CAD:USD of 0.77, C$2.50/tonne mining cost, C$12.00/tonne milled processing costs, C$1.50/tonne G&A cost, and 90% and 80% gold and silver process recoveries, respectively.
(5) Gold equivalent g/t = Gold g/t + (Silver g/t x 0.012)

BAM Project, Monarch Gold Zone Mineral Resource Estimate Cut-Off Grade Sensitivities

The Monarch MRE sensitivity table, Table 2 below, shows the potential for higher-grade Mineral Resources at higher gold equivalent cut-offs, which potential can be assessed during engineering studies.