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Osisko - Hammond Reef

Reserves and Resources

Nov 8, 2014
Agnico Eagle’s 50% portion of the Hammond Reef resources has approximately 180 million tonnes of measured and indicated resources grading 0.6 grams of gold per tonne, containing 3.7 million ounces of gold based on a 0.3-g/t gold lower cut-off grade, as of April 30, 2012.
 
Hammond Reef Project
Mineral Resource Data (on a 50% basis, representing portion acquired by Agnico Eagle on June 16, 2014)

 
As of April 30, 2012
 

Category

Au
(g/t)
Ag
(g/t)
Cu
(%)
Zn
(%)
Pb
(%)
Ag (oz)
(x000)
Au (oz)
(x000)
Tonnes
(x000)

Measured Resources
 

Open Pit 0.74 - - - - - 2,190 92,350

Indicated Resources
 

 
Open Pit 0.55 - - - - - 1,545 87,200
Total Measured & Indicated Resources 0.65 - - - - - 3,735 179,550

Inferred Resources

Open Pit 0.52 - - - - - 1,560 92,600


Tonnage amounts and contained metal amounts presented in this table have been rounded to the nearest thousand. Reserves are not a sub-set of resources. The table above shows the mineral resources that Osisko Mining estimated for the Hammond Reef project on April 30, 2012. Technical Information: Please refer to Osisko Mining’s press release dated January 28, 2013 for further details on the mineral resources at the Hammond Reef project.

The assumptions used for the mineral resource estimate at the Hammond Reef project reported by Agnico Eagle in the above table are $1,400 per ounce gold price and a cut-off gold grade of 0.3 g/t. 


Source: http://www.agnicoeagle.com/en/Exploration/Advanced-Projects/hammondreef/Pages/default.aspx

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