|
|
 Mineral Resources and Ore Reserves - Estimate Summary
Gold Ore Reserves - Karelian Gold Line
| Deposit |
Tonnes |
Grade
Au g/t |
Oz |
kg |
Classification |
Consultant |
|
| Pampalo |
662 000 |
3,4 |
72 146 |
2 244 |
Proven |
Outotec Oyj |
| |
426 000 |
2,7 |
36 748 |
1 143 |
Proven |
Outotec Oyj |
| SubTotal |
1 088 000 |
3,1 |
108 862 |
3 386 |
|
|
| Pampalo East |
200 000 |
1,5 |
9 645 |
300 |
Probable |
MAPTEK |
|
| Pampalo Reserves Total |
1 288 000 |
2,9 |
118 539 |
3686 |
|
|
| |
|
|
|
|
|
|
| Hosko |
13 000 |
8,5 |
3 553 |
111 |
Proven |
MAPTEK |
| |
116 000 |
10,0 |
37 295 |
1 160 |
Probable |
MAPTEK |
|
| Hosko total |
129 000 |
9,9 |
40 848 |
1 271 |
|
|
| |
|
|
|
|
|
|
| Rämepuro |
134 000 |
3,9 |
16 802 |
523 |
Probable |
MAPTEK |
| Muurinsuo |
67 000 |
3,0 |
6 462 |
201 |
Probable |
MAPTEK |
|
| Grand total |
1 618 000 |
3,5 |
182 648 |
5 681 |
|
|
| |
|
|
|
|
|
|
Mineral Resources (Gold) - Karelian Gold Line
| Deposit |
Tonnes |
Grade
Au g/t |
Oz |
kg |
Classification |
Consultant |
| Pampalo |
130 000 |
3,5 |
14 693 |
457 |
Inferred |
Outotec Oyj |
| Pampalo East |
21 000 |
1,5 |
1 013 |
32 |
Inferred |
Runge Limited |
| Hosko |
547 000 |
1,8 |
31 656 |
985 |
Inferred |
Runge Limited |
| Rämepuro |
61 000 |
4,1 |
8 041 |
250 |
Inferred |
Runge Limited |
| Muurinsuo |
786 000 |
1,5 |
37 906 |
1 179 |
Inferred |
Runge Limited |
| Kuivisto |
37 000 |
3,2 |
3 807 |
118 |
Indicated |
MAPTEK |
| Kuivisto |
145 000 |
1,0 |
4 662 |
145 |
Inferred |
MAPTEK |
| Kuittila |
275 000 |
2,6 |
22 988 |
715 |
Inferred |
GSF, Historical |
|
| Grand total |
2 002 000 |
|
|
|
|
|
Note: Reserves and Resources reported according the JORC-code(except Kuittila), Mineral Resources are additional to ore reserves
WAI stock pile estimate: top cut 10 g/t
Outotec estimate: reserve cut-off 1 g/t, gold price 843 €/oz (equals ~1030 usd /oz);
Waste Rock Dilution 10-20%
Resource estimate cut-off 0,8 g/t
Ore losses: drifting 0 %, stoping 5 % and stoping nearby talc chlorite rock 40 %
Maptek Pampalo East: Cut-off: 1,0 g/t; 5% Ore loss & 15% dilution
Maptek Hosko and Rämepuro estimates: Used gold price 720 USD/oz, cut-off 0,5 g/t; ore loss 5%, dilution 15%
Maptek Muurinsuo estimate: Used gold price 720 USD/oz, cut-off 1,0 g/t; ore loss 5%, dilution 15%
Troy ounce = 31,1034768 g
Mineral Resources – Ilmenite
Ilmenite
deposit |
Cut-off
(%) |
Tonnage
(Mt) |
TiO2
(%) |
Magnetite
(%) |
TiO2
(kt) |
Magnetite
(kt) |
Classifi-
cation |
Reporting
method |
Note |
|
| Koivu |
4 |
32,16 |
7,8 |
5,0 |
2494 |
1617 |
Indicated |
JORC |
1) |
| Koivu |
4 |
29,99 |
6,7 |
4,5 |
1998 |
1358 |
Inferred |
JORC |
1) |
|
| Kaire |
4 |
6,44 |
10,0 |
9,8 |
645 |
630 |
Indicated |
JORC |
1) |
| Kaire |
4 |
0,1 |
7,3 |
7,3 |
8 |
8 |
Inferred |
JORC |
1) |
|
| Perä |
6 |
2,9 |
9,3 |
N/A |
270 |
N/A |
Inferred |
JORC |
2) |
| Perä |
8 |
2,5 |
9,6 |
N/A |
240 |
N/A |
Inferred |
JORC |
2) |
|
| Riutta |
6 |
0,8 |
8,9 |
N/A |
71 |
N/A |
Inferred |
JORC |
2) |
|
| Lyly |
N/A |
1,7 |
15,5 |
12,4 |
N/A |
N/A |
Inferred |
Historical |
3) |
|
1) Estimated by Micon International Ltd, England
2) Estimated by Outokumpu Oyj, Finland
3) Geological Survey of Finland
|
|
