Mineral Resource

Inferred Resource

Inferred Mineral Resource Estimate (0.35 g/t Au Eq Cut-off)

Type

Million Tonnes

Average Grade

Contained Metals

AuEq
(g/t)

Au
(g/t)

Cu
(%)

Ag
(g/t)

Mo
(ppm)

Au
(Moz)

Cu
(Mlbs)

Ag
(Moz)

Mo
(Mlb)

Oxide Material

17.7

0.77

0.61

0.09

0.6

21.9

0.3

35

0.4

0.9

Sulphide Material

390.2

0.86

0.65

0.12

0.6

25.1

8.2

998

7.4

21.6

Total

408.0

0.85

0.65

0.11

0.6

25.0

8.5

1,033

7.8

22.5


Note: (1) Mineral resources are reported as of November 6, 2017. (2) Mineral resources do not have demonstrated economic viability. Currently there are no environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues that effect this mineral resource estimate, but these factors could effect the estimate in the future. (3) The quantity and grade of reported Inferred mineral resources in this estimation are conceptual in nature and there has been insufficient exploration to define these Inferred mineral resources as an Indicated or Measured mineral resource. It is reasonable to expect that the majority of Inferred mineral resources could be upgraded to Indicated or Measured mineral resources with continued exploration. (4) The mineral resources in this estimate were calculated with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions. (5) Gold equivalent values were calculated using the following prices: gold (Au) @ US$1,400/oz,copper (Cu) @ US$3.25/lb, molybdenum (Mo) @ US$10.00/lb and silver (Ag) @ US$17.00/oz. Gold equivalent values can be calculated using the following formula: AuEq = Au g/t + (Ag g/t x 0.0122) + (Cu % x 1.592) + (Mo ppm / 10,000 x 4.898). (6) The base case cut-off grade for the estimate of mineral resources is 0.35g/t AuEq. (7) The Inferred mineral resources are contained within a limiting pit shell and comprise a coherent body. (8) Total may not add up due to rounding.

Inferred Mineral Resource Sensitivity to Cut-Off Grade

Cut-Off AuEq (g/t)

Million Tonnes

Average Grade

Contained Metals

AuEq
(g/t)

Au
(g/t)

Cu
(%)

Ag
(g/t)

Mo
(ppm)

Au
(Moz)

Cu
(Mlb)

Ag
(Moz)

Mo
(Mlb)

0.25

440.1

0.81

0.62

0.11

0.6

24.0

8.8

1,054

8.2

23.3

0.35

408.0

0.85

0.65

0.11

0.6

25.0

8.5

1,033

7.8

22.5

0.45

369.5

0.90

0.69

0.12

0.6

25.8

8.1

985

7.1

21.0

0.55

320.8

0.96

0.73

0.13

0.6

26.7

7.5

919

6.5

18.9

Note: The estimates in the above table are limited inside the $1,400/oz Au pit shell. The base case cut-off grade used is 0.35 g/t gold equivalent. Mineral resources are not mineral reserves because the economic viability has not been demonstrated. Totals may not add up due to rounding.
Resource QP: Rob Sim, P.Geo., as defined by NI 43-101

Qualifed Person

Leo Hathaway, P.Geo, a "qualified person" within the definition of that term in NI 43-101, has reviewed and approved the scientific and technical information contained on this page.