Published Reserve This is the Reserve that is published on the company website and the link to the news release. I have removed the Komis Reserve because the Komis Resource has changed significantly since this release and a new Reserve has not been made as of yet.
This shows a total Reserve for Bingo and EP of 67,900 ounces. The 9,000 ounce Reserve at EP is still there but the 58,900 ounce reported Reserve for Bingo has changed. I am not sure what has been mined out of but based on reported estimated production of 40,000 ounces per year I assume about 30,000 ounces have been mined. That leaves 28,900 ounces remaning at Bingo.
So based on this there are 37,900 ounces of Reserve remaining. So based on this there is no way there will be a 70,000 ounce per year production for 2012.
https://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203146
| Table 6: Classification of Gold Reserves |
| Golden Band Resources: La Ronge Gold Project |
| Deposit |
Classification |
Tonnes |
Gold (g/t) |
Gold (oz) |
| Bingo |
Proven |
28,000 |
12.55 |
11,300 |
| Probable |
99,000 |
14.96 |
47,600 |
| Komis |
Proven |
|
|
|
| Probable |
|
|
|
| EP |
Probable |
51,000 |
5.51 |
9,000 |
|
|
|
|
|