Eagle River Complex Mineral Reserves

Mine Category Tonnes Grade (gAu/tonne) Contained Ounces
Eagle River Underground Reserves Proven 188.0 14.7 89,000
Probable 860.0 11.4 315,000
Proven + Probable 1,048.0 12.0 404,000
Mishi Open Pit Reserves Proven 14.0 2.3 1,000
Probable 109.5 2.9 10,000
Proven + Probable 123.5 2.8 11,000

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Eagle River Complex Mineral Resources

Mine Category Tonnes Grade (gAu/tonne) Contained Ounces
Eagle River Underground Resources Measured 11.0 10.4 3,700
Indicated 97.0 8.8 27,600
Measured + Indicated 109.0 9.0 31,300
Inferred 433.0 11.4 159,300
Mishi Open Pit Resources Inferred 2,808.4 1.8 147,000
Mishi Underground Resources Inferred 373.4 5.4 65,000
Mishi Inferred Resources   212,000

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  1. Numbers reflect rounding to nearest 1,000 tonnes and ounces.
  2. Mineral Resources are exclusive of reserves.
  3. Mineral Resources are not in the current mine plan and therefore do not have demonstrated economic viability.
  4. All Mineral Reserves and Mineral Resources estimates have been made in accordance with the Standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101 and assume a gold price of $1,550 (US$1,200) per ounce for the reserves and a gold price of $1,700 (US$1,318) per ounce for the resources, with a $1 USD → CAD exchange rate of 1.29).
  5. Mineral Resources are reported in-situ with no dilution provision.
  6. A density or tonnage factor of 2.7 tonnes per cubic m (t/m3) is applied at both Eagle River Mine and Mishi Mine.
  7. At Eagle River Mine, all high assays are cut to either 60.0 – 140.0 g/t Au for individual zones.
  8. All Mineral Reserves at Eagle River employ a 1.5 m minimum width, a 3.0 g/t Au minimum grade for continuity and include 1.0 m of external dilution and 10% lost ore and metallurgical recoveries of 95.5%.
  9. At Mishi the 7 lenses considered in the Mineral Resource calculations are cut between 6.0 to 45.0 g/t Au.  All high blasthole assays are cut to 10 g/t Au.
  10. All In-Pit Mineral Reserves at Mishi employ a 1.0 g/t cut-off grade and a 3.0 m minimum width. Estimates provide for 10% dilution, 10% lost ore and metallurgical recoveries of 83%.
  11. Mishi Mineral Reserves currently have a life of mine stripping ratio of 2.3 tonnes of waste per tonne of ore.
  12. Mishi In-Pit Mineral Resources extend to a depth of 110.0 m, employing a 0.5 g/t cut-off grade, a 3.0 m minimum width and are reported in-situ with no dilution or lost ore provisions.
  13. Mishi Underground Mineral Resources are reported in-situ employing a 3.0 g/t cut-off grade and a 1.5 m minimum mining width.
  14. Qualified Persons for the Mineral Reserves and Mineral Resources estimates as per NI 43-101 include Marc-André Pelletier P. Eng, COO, and Michael Michaud, P.Geo., VP Exploration of Wesdome.
 

Kiena Mineral Resources

Total Kiena Mine Complex Resource Estimates – December 12, 2018
Category Tonnes Grade (gAu/tonne) Gold Ounces
Within Crown Pillar      
Measured --- --- ---
Indicated 162,800 5.32 27,900
Total M+I 162,800 5.32 27,900
Inferred 1,113,200 6.97 249,600
       
Below Crown Pillar      
Measured 63,700 4.06 8,300
Indicated 2,893,700 5.87 546,400
Total M+I 2,957,400 5.83 554,700
Inferred 3,025,300 7.79 757,600
       
Total Project      
Measured 63,700 4.06 8,300
Indicated 3,056,500 5.84 574,300
Total M+I 3,120,200 5.81 582,600
Inferred 4,138,500 7.57 1,007,200

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A Zone Mineral Resource Estimate  (Kiena Deep)
Category Tonnes Grade (gAu/tonne) Gold Ounces
Measured 0 0 0
Indicated 310,300 9.95 99,300
Total M+I 310,300 9.95 99,300
Inferred 656,100 11.43 241,100

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Recently Drilled in-Mine Resource Estimates at Kiena Complex since 2016 (A, B, South, VC and S50 Zones)
Category Tonnes Grade (gAu/tonne) Gold Ounces
Measured 0 0 0
Indicated 1,028,900 6.38 211,100
Total M+I 1,028,900 6.38 211,100
Inferred 968,900 9.23 287,400

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  1. The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Christine Beausoleil, P.Geo. and Carl Pelletier, P.Geo. (InnovExplo), and the effective date of the estimate is December 12, 2018.
  2. These mineral resources are not mineral reserves as they do not have demonstrated economic viability.
  3. The mineral resource estimate follows CIM definitions and guidelines for mineral resources.
  4. Results are presented in situ and undiluted and considered to have reasonable prospects for economic extraction.
  5. The estimation combined two (2) estimation methods, ordinary kriging in the Kiena Complex and polygonal for other deposits on the property.
  6. The Kiena Complex resources encompasses for 13 zones with a minimum true thickness of 3.0 m using the grade of the adjacent material when assayed or a value of zero when not assayed. High-grade capping varies from 20 to 100 g/t Au (when required) was applied to assay grades prior to compositing grade for interpolation using an Ordinary Kriging interpolation method based on 1.0 m composite and block size of 5 m x 5 m x 5 m, with bulk density values of 2.8 (g/cm3).
  7. The zone outside the Kiena Complex encompasses for eight (8) zones with a minimum true thickness of 2.5 metre using a polygonal estimation method. The Measured resources grade were estimated using muck samples, chip samples and test holes, extrapolated up to 25 m above and below drifts opened within the mineralized zone. Indicated resources were estimated from drill hole results using the mid distance between drill hole or a maximum of 30 metres. The high-grade capping was fixed at 34.28 g/t Au with a bulk density values of 2.8 (g/cm3).
  8. The estimate is reported for potential underground scenario at cut-off grades of 3.0 g/t Au (> 40° dip) and 4.0 g/t Au (< 40° dip, Wesdome Zone). The cut-off grades were calculated using a gold price of US$1,250 per ounce, a CAD:USD exchange rate of 1.3; mining cost $110/t (> 40° dip); $150/t (< 40° dip); processing cost $35/t; G&A $15/t. The cut-off grades should be re-evaluated in light of future prevailing market conditions (metal prices, exchange rate, mining cost, etc.).
  9. The number of metric tons was rounded to the nearest hundred and the metal contents are presented in troy ounces (tonne x grade / 31.10348).
  10. InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political or marketing issues, or any other relevant issue not reported in this Technical Report that could materially affect the mineral resource estimate.
 

Moss Lake Property Mineral Resources

Mine Category Tonnes Grade (gAu/tonne) Gold Ounces
Moss Lake M + I 39,795,000 1.1 1,377,000
Inferred 50,364,000 1.1 1,751,000

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  1. The Independent and Qualified Persons for the Mineral Resource Estimate, as defined by NI 43-101, are Pierre-Luc Richard, MSc, PGeo (InnovExplo Inc), and Carl Pelletier, BSc, PGeo (InnovExplo Inc), and the effective date of the estimate is February 8, 2013.
  2. These Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.
  3. In-Pit results are presented undiluted and in situ, within Whittle-optimized pit shells. Underground results are presented undiluted and in situ, outside Whittle-optimized pit shells. The estimate includes 18 gold-bearing zones and 1 envelope containing isolated gold intercepts.
  4. In-Pit and Underground resources were compiled at cut-off grades from 0.3 to 5.0 g/t Au (for sensitivity characterization). A cut-off grade of 0.5 g/t Au was selected as the official in-pit cut-off grade and a cut-off grade of 2.0 g/t Au was selected as the official underground cut-off grade.
  5. Whittle parameters: mining cost = C$2.28; pit slope angle = 50.0 degrees; production cost = C$9.55; mining Dilution = 5%; mining recovery = 95%; processing recovery = 80% to 85%; gold price = C$1,500.
  6. A fixed density of 2.78 g/cm3 was used.                 
  7. A minimum true thickness of 5.0 m was applied, using the grade of the adjacent material when assayed or a value of zero when not assayed.               
  8. Capping was established at 35 g/t Au, supported by statistical analysis and the high grade distribution within the deposit.   
  9. Resources were evaluated from drill hole samples using the ID2 interpolation method in a multi-folder percent block model using Gems version 6.4. Based on geostatistics, the ellipse range for interpolation was 75m x 67.5m x 40m.
  10. The number of metric tons was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in Regulation 43-101.
  11. The pitshell used for the resource estimate extends slightly beyond the property limits in its northeastern portion. Although the entire resource lies within the property limits, some waste material outside the property limits will need to be removed to access some of the resource. Consequently, this portion of the pit may need to be re-considered in a future economic study.
  12. InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political or marketing issues or any other relevant issue that could materially affect the Mineral Resource Estimate.

The contents of this page have been verified and approved by Marc-Andre Pelletier, P. Eng, Chief Operating Officer, and Michael Michaud, P.Geo., Vice President, Exploration of the Company and each is a "Qualified Person" as defined in National Instrument 43-101 -Standards of Disclosure for Mineral Projects. Please refer to Company AIF available on the Company’s website and sedar.com