| Mineral resources for Kemess North as at December 31, 2008 are shown below: |
|
|
|
Grades |
Contained Metals |
| Category |
|
Quantity
(tonnes) |
Gold
(gr/mt) |
Copper
(%) |
Gold
(ounces) |
Copper
(000s lbs) |
|
| Measured |
451,139,000 |
0.31 |
0.16 |
4,453,000 |
1,563,000 |
| Indicated |
268,051,000 |
0.28 |
0.12 |
2,486,000 |
790,000 |
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| Total Measured & Indicated |
719,190,000 |
0.30 |
0.15 |
6,939,000 |
2,353,000 |
|
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Notes to Resources
The terms “Mineral Reserve”, “Proven Mineral Reserve” and “Probable Mineral Reserve” used in this website are Canadian mining terms as defined in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves Definitions and Guidelines adopted by the CIM Council on August 20, 2000. The terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource”, and “Inferred Mineral Resource” used in this website are Canadian mining terms as defined in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects under the guidelines set out in the CIM Standards. Mineral reserves and mineral resources for Kemess South have been estimated in accordance with the definitions contained in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards and National Instrument 43-101.
All mineral resources are exclusive of mineral reserves.
Mineral resources which are not mineral reserves do not have demonstrated economic viability.
Mineral reserves and resources are rounded to 1,000 tonnes, 0.01 g/t gold and 1,000 ounces. Minor discrepancies in summations may occur due to rounding.
Mineral resources for Kemess North (mineral reserves now reclassified as mineral resources following the Panel recommendation and government support of the Panel decision) calculated at the time of the Feasibility Study: exchange rate CDN$/US$1.40; gold price $375/oz; copper price $1.00/lb; and, silver price $5.00/oz. Resources for Kemess North, at the time of the Feasibility Study, were calculated using the following economic parameters: exchange rate CDN$/US$ 1.40; gold price $425/oz; copper price $1.20/lb; and, silver price $5.00/oz.
Mineral resource estimates for Kemess North, including the Nugget Zone, (now all classified as resources) were prepared by Jim Gray of GR Technical Services Ltd. and Carl Edmunds, Exploration Manager, Northgate Minerals Corporation. Mr. Gray is a member of the Association of Professional Engineers and Geoscientists of the province of British Columbia, the Association of Professional Engineers, Geologists and Geophysicists of Alberta and the Canadian Institute of Mining and Metallurgy and has over 29 years of engineering experience. Mr. Edmunds is a member of the Professional Engineers and Geoscientists of British Columbia and has 21 years of experience in mineral resource estimation. |
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Note to US Investors
This website uses the terms “measured”, “indicated” and “inferred” resources. United States investors are advised that while such terms are recognized and required by Canadian regulators, the SEC does not recognize them. Inferred resources have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred resource exists, or is economically or legally mineable. |
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