RE:Colombian press report about actual EOM management activityThere is no change from the June release on the new resource estimate. It accounted for the reduced gold. The 2.21 million ounce resource estimate is measured plus indicated, it does not include the 1.03 million inferred. I have pasted from the June release. We can only increase from here considering the satellite licences and any flexibility on the part of the government.
| Table 1. 2015 Mineral Resource Estimate for the Angostura Deposit |
| Cut-off grade(g/t Au) | Resource Category | Tonnage (Mt) | Au (g/t) | Ag (g/t) | Contained Au (Moz) | ContainedAg (Moz) |
2.5 | Measured | 3.56 | 4.55 | 28.7 | 0.52 | 3.28 |
| Indicated | 11.50 | 4.57 | 16.5 | 1.69 | 6.08 |
| Measured plus Indicated | 15.06 | 4.57 | 19.3 | 2.21 | 9.36 |
| Inferred | 6.85 | 4.70 | 19.0 | 1.03 | 4.19 |
The mineral resources in this news release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions.