See NI43-101 Technical report dated March 23, 2023, with effective date September 28, 2022 titled “Technical Report on the Combined Kitsault Valley Project, British Columbia, Canada” on SEDAR
- Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability although, as per CIM requirements, the Mineral Resources reported above have been determined to have demonstrated reasonable prospects for eventual economic extraction.
- The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
- The Mineral Resources for the HM (Homestake Main), HS (Homestake Silver), and SR (South Reef) Zones were originally reported in Hough et al (2022) – QPs Andrew J. Turner, P.Geol., and David Stone, P. Eng., effective date January 20, 2022.
- The Mineral Resources for the TB (Torbrit), DV (Dolly Varden), NS (North Star) and WF (Wolf) Deposits were originally reported in Turner and Nicholls (2019) – QP Andrew J. Turner, P.Geol., effective date May 8, 2019.
- The resources reported above are reviewed in detail within this report and are accepted as current by the Qualified Person, Mr. Andrew J. Turner, B.Sc., P.Geol., of APEX Geoscience Ltd.
- The Cut-off grade for the Homestake Ridge property Mineral Resources is 2.0 g/t AuEq, which was determined using average block grade values within the estimation domains and a Au price of $1300/ tr oz, a Ag price of US$20.00/ tr oz, and a Cu price of U$2.50/lb, and Mill Recoveries of 92% for Au, 88% for Ag and 87.5% for Cu and combined mining, milling and G&A costs of approximately US$109/ton.
- The Cut-off grade for the Dolly Varden property Mineral Resources is 150 g/t Ag, which was determined using a Ag price of US$20.00/ tr oz, a recovery of 90% and combined mining, milling and G&A costs of US$80/ton.
- Sufficient sample density data existed to allow for estimation of block density within the estimation domains of the HM, HS and SR zones, which ranged from 2.69 t/m3 to 3.03 t/m3.
- Bulk density values ranging from 2.79 t/m3 to 3.10 t/m3 were assigned to individual estimation domains based on available SG measurements for the DV, TB, NS and WF deposits.
- Differences may occur in totals due to rounding.