43-101 Resources May 2017
  • At 0.4 g/t Au cut-off in pit and 1.4 g/t Au under pit:
    • M&I resources of 43,430 ounces of gold at 1.04 g/t Au
    • Inferred resources of 244,210 ounces of gold at 1,37 g/t Au
  • At 1.5 g/t Au cut off:
    • Inferred resources of 357,920 ounces of gold at 4,18 g/t Au

Tijirit Base Case Resources (0.4 g/t Au cut-off in pit and 1.4 g/t Au under pit, except Eleonore at 1.5 g/t Au)

Zone Classification Au
(g/t)
Tonnage
(t)
Ounces
Sophie/Lily Measured 1.03 73,000 2,420
Sophie/Lily Indicated 1.04 1,226,000 41,010
Total M+Ind 1.04 1,299,000 43,430
Sophie/Lily Inferred 1.37 5,528,000 244,210
Zone Classification Au
(g/t)
Tonnage
(t)
Ounces
Eleonore Inferred 4.18 2,665,000 357,920
Zone Classification Au
(g/t)
Tonnage
(t)
Ounces
Total Sophie/Lily/Eleonore Inferred 2.29 8,193,000 602,130
1. Effective dates for Eleonore and Sophie/Lily resources are March 17, 2017 and November 4, 2016, respectively.                           
2. The Independent QP for this resources statement is Yann Camus, Eng., SGS Canada Inc.             
3. The mineral resources are presented at a 0.4 g/t Au cut-off grade in pits and 1.4 g/t Au cut-off grade under the pits, except Eleonore at a global cut-off 1.5 g/t Au.
4. The resources are presented without dilution.                                                                           
5. Whittle pits have been used using a gold value of US$1,500/oz.                                                 
6. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This disclosure does not include economic analysis of the mineral resources.
7. Totals may not add up due to rounding.                                                                                      
8. No economic evaluation of the resources has been produced.                                                   
9. This resource estimate has been prepared in accordance with CIM definition (2014).                
10. Density used is between 2.0 and 3.0 depending on rock type and alteration based on measurements.
11. Capping varies from 3.5 g/t Au (Lily) to 45 g/t Au (Eleonore) depending on extreme local grade.  

 

Tijirit Sensitivity Analysis (The mineral resources are presented at a 1.0 g/t Au COG - for comparison with maiden resources only.)

Sophie & Lily

Zone COG Classification Au
(g/t)
Tonnage
(t)
Ounces
Sophie/Lily 1.0 M+Ind 1.68 538,000 29,040
Sophie/Lily 1.0 Inferred 1.65 4,800,000 253,920
Sophie/Lily 1.5 M+Ind 2.24 246,000 17,710
Sophie/Lily 1.5 Inferred 2.24 2,068,000 148,820
Sophie/Lily 2.0 M+Ind 2.76 122,000 10,800
Sophie/Lily 2.0 Inferred 2.87 932,000 85,880

Eleonore

Zone COG Classification Au
(g/t)
Tonnage
(t)
Ounces
Eleonore 1.0 Inferred 3.01 4,434,000 428,690
Eleonore 1.5 Inferred 4.18 2,665,000 357,920
Eleonore 2.0 Inferred 5.57 1,701,000 304,660
Refer to base case table for assumptions. Detailed tables for separate Measured and Indicated numbers will be in the full NI 43-101 report.

 

Eleonore Zone Sensitivity Analysis - Various Cut-off Grades

COG (In Pit) Au (g/t) COG (Under Pit) Au (g/t) Class Name Au (g/t) Tonnage (t) Ounces Au Comments
0.4 1.4 Inferred 3.13 3,978,000 400,820 COG different in pit and under pit
0.5 1.4 Inferred 3.18 3,905,000 399,740
1.0 1.4 Inferred 3.60 3,334,000 385,900
COG (In Pit) Au (g/t) COG (Under Pit) Au (g/t) Class Name Au (g/t) Tonnage (t) Ounces Au Comments
1.0 1.0 Inferred 3.01 4,434,000 428,690 Equal COG in pit and under pit
1.5 1.5 Inferred 4.18 2,665,000 357,920
2.0 2.0 Inferred 5.57 1,701,000 304,660
2.5 2.5 Inferred 6.93 1,211,000 269,730
COG = cut-off grade
Base case 43-101 scenario highlighted in grey

 

Tijirit Maiden Resources (1.0 g/t Au cut-off, no pit constraints (August 4, 2016)

Zone Category Au
(g/t)
 Tonnage
(t)
 Gold
Ounces
Eleonore Indicated 3.62 51,000 5,980
Sophie I - II Measured 1.79 28,000 1,600
Sophie I - II Indicated 1.57 216,000 10,900
Sophie III Indicated 1.13 29,000 1,040
Lily Indicated 1.54 189,000 9,410
Total Measured & Indicated* 1.75 513,000 28,930

Eleonore Inferred 3.26 188,000 19,650
Sophie I - II Inferred 1.96 1,635,000 103,180
Sophie III Inferred 1.10 320,000 11,270
Lily Inferred 1.48 2,258,000 107,470
Total Inferred* 1.71 4,401,000 241,560
* Totals may not add up due to rounding.
Maiden Resource - Sophie 1-2-3 & Lily
Maiden Resource - Eleonore