Condor Resource Summary

Condor Deposit All Areas - Resource Summary

 

TONNAGE

AVERAGE GRADE

CONTAINED METAL

 

(Mt)

AuEq (g/t)

Au (g/t)

Ag (g/t)

AuEq (koz)

Au (koz)

Ag (Moz)

DEPOSIT

INDICATED

Santa Barbara

39.8

0.83

0.67

0.8

1,057

859

1.0

Los Cuyes

50.8

0.71

0.65

5.2

1,161

1,059

8.5

Soledad

19.4

0.68

0.63

4.8

426

390

3.0

Enma

0.66

0.78

0.64

11.6

17

14

0.25

Total Indicated

110.7

0.75

0.65

3.6

2,660

2,321

12.8

 

INFERRED

Santa Barbara

166.7

0.66

0.52

0.9

3,534

2,768

4.9

Los Cuyes

36.4

0.65

0.59

5.3

761

687

6.2

Soledad

15.1

0.50

0.46

3.4

245

225

1.7

Enma

0.07

0.93

0.81

9.7

2

2

0.02

Camp

6.0

3.45

3.28

27.8

663

631

5.3

Total Inferred

224.3

0.72

0.60

2.5

5,205

4,313

18.1

Notes:  

Resource QP:  Rob Sim, P.Geo., as defined by NI 43-101

Mineral Resource Estimate Notes:

 (1) The mineral resource estimate has an effective date of July 28, 2021. (2) There are no known issues related to legal, political, or environmental issues that could materially affect the potential development of the mineral resources. (3) The quantity and grade of reported inferred mineral resources is based on limited geological evidence and sampling which is sufficient to imply but not verify geological and grade or quality continuity and there has been insufficient exploration to define these inferred mineral resources as an indicated or measured mineral resource. It is reasonable to expect that the majority of inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration. (4) Mineral resources exhibit reasonable prospects of eventual economic extraction using open pit extraction methods at Santa Barbara, Los Cuyes, Soledad and Enma and using underground mining methods at the Camp deposit. At Los Cuyes and Soledad, the base case cut-off grade is 0.30 g/t AuEq and at Santa Barbara and Enma, the base case cut-off grade is 0.37 g/t AuEq. At Los Cuyes, Soledad, and Enma, AuEq = Au g/t + (Ag g/t × 0.012), and at Santa Barbara, AuEq = Au g/t + (Ag g/t × 0.012) + (Cu% x 1.371). The base case cut-off grade for the Camp resource is 1.33g/t AuEq, where AuEq = Au g/t + Ag g/t * 0.0062. (5) Totals may not add up due to rounding. Base metal values are not displayed: copper for Santa Barbara and copper, lead and zinc for Camp. Base metal values are excluded from Camp AuEq. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Qualified Person

  • Condor Resource QP: Rob Sim, P.Geo., as defined by NI 43-101
  • Leo Hathaway, P.Geo, a "qualified person" within the definition of that term in NI 43-101, has reviewed and approved the scientific and technical information contained on this page.

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