SQI - NI 43-101 Resource EstimatesSQI - NI 43-101 Resource Estimates
Capoose Project
NI 43-101 resource estimate Capoose property (January 20, 2011):
At a .40 g/t Au-Eq. cut-off grade:
Indicated Resources:
31,216,183 t @ .38 g/t Au, 26.5 g/t Ag, 1,998.14 g/t Zn
= Au: 383,823 oz
= Ag: 26,593,915 oz
= Zn: 137,473,267 lb
Inferred Resources:
37,256,307 t @ .37 g/t Au, 24.6 g/t Ag, 2,669.57 g/t Zn
= Au: 443,206 oz
= Ag: 29,517,933 oz
= Zn: 219,205,993 lb
At yesterday's gold, silver and zinc prices:
- Au: US$1432.80/oz
- Ag: US$35.67/oz
- Zn: US$1.1174/lb
The number of gold equivalents in the NI 43-101 resource estimate is:
- Indicated Resources: 383,823 oz Au-Eq. + 662,064 oz Au-Eq. + 107,211 oz Au-Eq. = 1,153,098 oz Au-Eq.
- Inferred Resources: 443,206 oz Au-Eq. + 734,858 oz Au-Eq. + 170,953 oz Au-Eq. = 1,349,017 oz Au-Eq.
Total: 1,153,098 oz Au-Eq. + 1,349,017 oz Au-Eq. = 2,502,115 oz Au-Eq.
Davidson Property (RVC: Blackwater Gold Project)
NI 43-101 resource estimate Davidson property (March 2, 2011):
At a .40 g/t Au cut-off grade:
Indicated Resources:
331,000 t @ .92 g/t Au
= Au: 10,000 oz
Inferred Resources:
46,269,000 t @ .92 g/t Au
= Au: 1,360,000 oz
The number of gold equivalents in the NI 43-101 resource estimate is:
- Indicated Resources: 10,000 oz Au-Eq.
- Inferred Resources: 1,360,000 oz Au-Eq.
Total: 10,000 oz Au-Eq. + 1,360,000 oz Au-Eq. = 1,370,000 oz Au-Eq.
SQI's 25% interest: 342,500 oz Au-Eq.
Note: RVC has recently started drilling again on the Davidson property. So, the NI 43-101 resource estimate for the Davidson property will likely be updated later on this year.
3T's Project
NI 43-101 resource estimate Tommy + Ted Vein (September 2004 and later):
Inferred Resources:
942,647 t @ 4.89 g/t Au, 77.8 g/t Ag
= Au: 148,135 oz
= Ag: 2,356,937 oz Ag
At yesterday's gold, silver and zinc prices:
- Au: US$1432.80/oz
- Ag: US$35.67/oz
- Zn: US$1.1174/lb
The number of gold equivalents in the NI 43-101 resource estimate is:
- Inferred Resources: 148,135 oz Au-Eq. + 58,677 oz Au-Eq. = 206,812 oz Au-Eq.
Total: 206,812 oz Au-Eq.
Total Of All NI 43-101 Resource Estimates
At yesterday's gold, silver and zinc prices:
- Au: US$1432.80/oz
- Ag: US$35.67/oz
- Zn: US$1.1174/lb
The total number of gold equivalents in the NI 43-101 resource estimates is:
Indicated Resources:
- Capoose Project: 1,153,098 oz Au-Eq.
- Davidson Property: 10,000 oz Au-Eq.
- 3T's Project: 0
Inferred Resources:
- Capoose Project: 1,349,017 oz Au-Eq.
- Davidson Property: 342,500 oz Au-Eq.
- 3T's Project: 206,812 oz Au-Eq.
Total: 1,153,098 oz Au-Eq. + 10,000 oz Au-Eq. + 0 + 1,349,017 oz Au-Eq. + 342,500 oz Au-Eq. + 206,812 oz Au-Eq. = 3,061,427 oz Au-Eq.
Guy