Valentine Lake

Leprechaun Deposit


The Leprechaun Deposit has a NI 43-101 compliant Open Pit and Underground Resource (refer to August 1, 2013 news release). The Open Pit Resource is Measured 3.5 million tonnes at 2.8 g/t Au containing 247,000 oz Au, and Indicated 6.2 million tonnes at 2.07 g/t Au containing 412,000 oz Au, and Inferred 1.2 million tonnes at 1.82 g/t Au containing 71,000 oz Au. The Underground Resource is Measured 108,000 tonnes at 4.83 g/t Au containing 17,000 oz Au, and Indicated 764,000 tonnes at 4.05 g/t Au containing 100,000 oz Au, and Inferred 349,000 tonnes at 6.13 g/t Au containing 69,000 oz Au. This Resource was estimated using a 0.5 g/t Au minimum cut-off for the open pit resources and a 2.0 g/t Au minimum cut-off for the underground resources. The Leprechaun Deposit is open at depth and along strike.

Deposit / Category
(Feb 2017)
Open Pit Underground Total
(0.40 g Au/t cut-off) (1.60 g Au/t cut-off Marathon Deposit 2.00 g Au/t cut-off Leprechaun)
Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold
(kt) (g/t) (oz) (kt) (g/t) (oz) (kt) (g/t) (oz)
M+I 11,893 1.94 742,000 593 3.82 72,900 12,486 2.03 814,900
Inferred 1,758 1.89 106,700 291 4.32 40,400 2,049 2.24 147,100


Figure 1