Reserves and Resources
There are mineral resource estimates for two deposits at the LDS Project: Butiá and Cerrito.
For the Butiá estimate, high grade samples were capped to a gold grade of 5.55 g/t. For the Cerrito estimate, high grade samples were capped to a gold grade of 3.07 g/t. Both estimates assume a cut-off grade of 0.3 g/t.
The estimates should be read in conjunction with the full reports on each deposit:
- NI 43-101 Technical Report Mineral Resource for Butiá Gold Prospect prepared by VMG Consultoria e Soluções Ltda. (January 25, 2022).
- NI 43-101 Technical Report Mineral Resource for the Cerrito Gold Prospect prepared by VMG Consultoria e Soluções Ltda. (May 31, 2022).
Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated mineral resources will be converted into mineral reserves.
| CATEGORY | TONNES (MM) | GOLD GRADE (g/t) | GOLD (ounces) |
|---|---|---|---|
| Butiá Gold Prospect | |||
| Measured | 4.6 | 0.88 | 132,000 |
| Indicated | 8.3 | 0.92 | 246,000 |
| Total Measured and Indicated | 12.9 | 0.91 | 378,000 |
| Inferred | 3.7 | 0.97 | 115,000 |
| Cerrito Gold Prospect | |||
| Indicated | 8.3 | 0.70 | 188,000 |
| Inferred | 13.2 | 0.69 | 293,000 |