Valentine Lake

Metallurgical Test Work

Heap Leach Conventional Milling
Mining Method Same Same
Crushing Same Same
Milling No Yes
Tailings Disposal No Yes
Initial Capital Costs 44% less 100%
Operating Costs 50% less 100%
Recoveries Approx. 70% Approx. 97%
Cut Off Grade Less than milling Approx. 0.50 g/t