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Resources and Reserves

Resources

Category
Tons
Gold Grade (ounce/ton)
Contained Ounces
 
Measured & Indicated  
Briggs - 100 % (1)
34,240,000
0.02
679,000
Reward - 100% (2)
11,003,000
0.024
259,000
Columbia -- 100% (3)
16,665,000
0.045
742,000
Pinson - 30% (4) (5) 
752,000
0.424
320,000
Total Measured and Indicated
2,000,000
Inferred 
Briggs - 100%(1)
15,370,000
0.017
265,000
Reward - 100% (2)
2,819,000
0.018
51,000
Columbia -- 100% (3)
10,705,000
0.042
454,000
Pinson  - 30% (4) (5)
1,012,350
0.34
344,000
Total Inferred
1,114,000

(1) NI 43-101 Technical Report Briggs Project, March 30, 2009, updated August 11, 2009
(2) NI 43-101 Technical Report Reward Gold Project, March 2008
(3) NI 43-101 Technical Report Columbia Project ,October 2009
(4) Pinson: Project Basis: Atna 30%, Barrick 70%
(4) NI 43-101 Technical Report Pinson Gold Property, December 2005



Reserves

Category
Tons
Gold Grade (ounce/ton)
Contained Ounces
 
Briggs (1) (2) - 100% Atna
Proven
6,390,000
0.023
147,000
Probable
6,075,000
0.02
120,000
Proven and Probable
12,465,000
0.021
267,000
Reward (3)  -  100% Atna
Proven
1,314,000
0.027
36,000
Probable
5,110,000
0.024
121,000
Proven and Probable
6,424,000
0.024
157,000
Total Proven and Probable
 
 
424,000

(1) Briggs 0.007 oz/ton incremental leach cutoff grade
(2) Briggs $US750 per ounce gold price
(3) Reward 0.01 oz/ton cut off grade & US$700 per ounce gold price