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Lexam VG Gold Resource Summary

  Open Pit Resources
   Cut-Off (gpt)   Tonnage (Mt)   Grade (gpt)   Gold (oz) 
  Measured
   DT Main Zone 0.50 0.45 2.44 35,500  
           
  Indicated
   Buffalo Ankerite 0.51 3.82 2.37 292,800  
   Paymaster 0.51 2.80 1.61 145,000  
   Fuller 0.51 5.33 1.68 290,000  
   DT Main Zone 0.50 0.17 2.43 13,500  
 Total Measured + Indicated     12.57 1.91   776,800  
  Inferred
         
   Buffalo Ankerite 0.51 2.74 2.31 203,400  
   Paymaster 0.51 0.84 1.61 43,000  
   Fuller 0.51 2.70 1.30 112,000  
          
 Total Inferred 6.28 1.79   358,400  
  Underground Resources
   Cut-Off (gpt)   Tonnage (Mt)   Grade (gpt)   Gold (oz) 
  Measured
   DT Main Zone 2.60 0.02 6.64 3,800  
   DT S-Zone 2.00 0.34 5.50 59,800  
  Indicated
   Buffalo Ankerite 2.57 3.27 4.76 500,200  
   Fuller 2.57 0.33 5.76 61,000  
   DT Main Zone 2.60 0.04 4.91 6,500  
   DT S-Zone 2.00 0.42 4.52 60,400  
 Total Measured + Indicated     4.41 4.88   691,700  
  Inferred
   Buffalo Ankerite 2.57 2.81 4.05 367,100  
   Paymaster 2.57 0.13 6.14 26,000  
   Fuller 2.57 0.84 4.97 135,000  
   DT Main Zone 2.60 0.07 4.20 9,600  
   DT S-Zone 2.00 0.39 4.68 58,200  
 Total Inferred 4.24 4.35   595,800  
    Total Measured + Indicated (Open Pit and Underground)
1,468,500    
    Total Inferred (Open Pit and Underground)
954,200    

DT - Davidson Tisdale property, gpt - grams per tonne, Mt - million tonnes; oz - ounces. Numbers may not add due to rounding.

The above resource estimates represent net Lexam ounces, calculated at the following property ownership interests: 100% for Buffalo Ankerite, Davidson Tisdale and Fuller, 60% for Paymaster.

The resource estimates for Buffalo Ankerite, Paymaster, Fuller and Davidson Tisdale Main Zone are available in the report "Technical Report and Updated Resource Estimate on the Buffalo Ankerite, Fuller, Paymaster, and Davidson Tisdale Gold Deposits - Porcupine Mining Division, North-Eastern Ontario, Canada NTS 42E 12/SW for Lexam VG Gold Inc, 181 Bay St, Suite 4750, Toronto, Ontario, M5J 2T3" (PDF 24.4 MB) dated June 21, 2013.

The resource estimate for Davidson Tisdale S-Zone is available in the report "Davidson Tisdale Gold Property, Timmins, Ontario Technical Report" dated November, 2003.

To view more technical reports on Lexam's properties please visit our Technical Reports page.

 

   

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