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NI 43-101 Compliant Resources

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Updated Resource Estimate for Lamaque Gold Project:


Gold Deposit Name Metric Tonnes Grade (Grams per Ton-uncut) Ounces
No. 4 Plug*
1,042,258
9.43 g/t
315,975 inferred
Forestel Zone**
861,000
2.10 g/t
58,000 inferred
Parallel Zone**
211,484
1.72 g/t
11,681 inferred
Parallel Zone**
659,959
4.80 g/t
101,794 indicated
Triangle Zone***
220,788
18.73 g/t
132,987 inferred
Triangle Zone***
140,840
13.51 g/t
61,168 indicated
Total Inferred Resources
2,335,530
6.91 g/t (average)
518,643 inferred
Total Indicated Resources
800,799
6.33g/t (average)
162,962 indicated

* The tabulated results above show the newly calculated resource estimates and includes the 2004 Audit Report estimate for the #4 Plug prepared by Watts, Griffis and McOuat. **For the Parallel Zone, an Ordinary Kriging (OK) estimator was utilized and the Forestel zone was interpolated utilizing an IPD2 estimator *** For the Triangle Zone, an Ordinary Kriging (OK) estimator was utilized