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Mineral Resources for the Amulsar project have been estimated in conformity with generally accepted CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and are classified according to the "CIM Standards on Mineral Resources and Reserves: Definition and Guidelines" (December, 2005). At a cut-off grade of 0.20 g/t gold, the Mineral Resources are estimated at 77.2Mt at 0.78 g/t Au and 3.6 g/t Ag (1.94 million ounces golf 8,8 million ounces silver) of Measured category, 45.1 Mt at 0.76 g/t Au 3.5 g/t ag (1.1 million ounces gold and 5.1 million ounces of silver) of Indicated category, and 106,2 Mt at 0.59 g/t Au and 2.6 g/t Ag (2.0 million ounces of gold and 8.9 million ounces of silver) of Inferred category resources.

The Mineral Resources Statement was prepared by G. David Keller, P.Geo. (APGO#1235), of AMC Consultants (UK) Limited (AMC), an "independent Qualified Person" as this term is defined in Nation Instrument 43-101. The effective date of the Mineral Resources Statement is 29 august 2014. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all, or any part of, the Mineral Resources will be converted into Mineral Reserves. AMC is unaware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant issues that may materially affect the Mineral Resources.

 

Mineral Resources Statement
AMC Consultants (UK) Limited, 29 August 2014

 

Classification Quantity Tonnes

Gold Grade, (g/t)

Silver Grade, (g/t)

Contained Gold, oz

Contained Silver, oz

Measured 77,200,000  0.78 3.6 1,940,000 8,810,000 
Indicated 45,100,000  0.76 3.5 1,100,000 5,120,000
Inferred 106,200,000  0.59 2.6 2,010,000 8,980,000
Total Measured and Indicated 122,400,000  0.77 3.5  3,030,000 13,930,000
Total Inferred 106,200,000  0.59  2.6 2,010,000 8,980,000