Val D’or East

Reserves and Resources

As of November 19, 2012, the Val d’Or East Property contains only mineral resources. The mineral resources reported herein for the Val-d’Or East Property were modeled and estimated in accordance with the CIM definitions. The gold resources at New Beliveau, Highway and North zones are summarized in the table below.

Total Resource Estimates

COG 1.0 g/t Au from surface to 350m depth and 1.5 g/t below 350m depth

 

Zones Tonnage (t) Au (g/t) Au (oz)
New Beliveau 7,240,000 2.87 670,000
Highway 780,000 1.84 50,000
North Zone 1,110,000 1.61 60,000
TOTAL 9,130,000 2.63 770,000