Pinos Altos had approximately 42.0 million tonnes of proven and probable reserves grading 2.5 grams of gold per tonne and 69.4 grams of silver per tonne, containing 3.4 million ounces of gold and 94 million ounces of silver, as of December 31, 2009.
Pinos Altos 2009 Mineral Reserves and Resources*
|
Gold (g/tonne) |
Silver (g/tonne) |
Tonnes (000s) |
Gold Ounces (000s) |
Silver Ounces (000s) |
| Proven Reserves (open pit) |
1.51 |
26.35 |
880 |
43 |
745 |
| Probable Reserves |
| Open Pit |
2.05 |
49.30 |
18,101 |
1,195 |
28,690
|
| Underground |
2.92 |
86.87 |
22,979 |
2,158 |
64,177
|
| Total Probable Reserves |
2.54 |
70.31
|
41,080 |
3,353 |
92,867
|
| Indicated Resources |
|
| Open Pit |
0.67 |
8.30 |
6,690 |
150 |
1,864 |
| Underground |
1.11 |
41.78
|
8,679 |
311 |
11,658
|
| Total Indicated Resources |
0.91 |
26.84
|
15,668 |
461 |
13,523
|
| Inferred Resources |
|
| Open Pit |
1.02 |
15.33
|
11,655 |
383 |
5,744
|
| Underground |
2.42 |
43.41
|
4,018 |
313 |
5,609
|
| Total Inferred Resources |
1.38 |
22.53
|
15,673 |
695 |
11,353 |
*Mineral reserves are not a subset of mineral resources.
Please refer to the company press release dated February 17, 2010 for further details on the mineral reserves and resources. The technical information has been prepared under the supervision of, and reviewed by, Marc Legault P.Eng., Vice-president Project Development, and a “Qualified Person” for the purposes of National Instrument 43-101. The Qualified Person responsible for the Pinos Altos mineral reserves estimate is Dyane Duquette, P.Geo., Principal geologist, Abititi Technical Services Group.