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Overall resources for the Duparquet Project are presented in the following table 1:
---------------------------------------------------------------------------- Area----------------------------------------------------------------------------Resources type Parameters Tailings In-Pit Underground TOTAL---------------------------------------------------------------------------- Cut-off greater than greater than greater than (g/t) 0.45 0.45 2.00============================================================================ Tonnes (t) 19 600 159 300 178 900 ------------------------------------------------------------------ GradeMeasured (g/t) 2.06 1.44 1.51 ------------------------------------------------------------------ Au (Oz) 1 295 7 390 8 686============================================================================ Tonnes (t) 4 105 000 37 860 900 3 946 800 45 912 700 ------------------------------------------------------------------ GradeIndicated (g/t) 0.93 1.59 2.66 1.62 ------------------------------------------------------------------ Au (Oz) 123 200 1 935 637 337 403 2 396 239============================================================================Measured Tonnes (t) 4 124 600 38 020 200 3 946 800 46 091 600 ------------------------------------------------------------------ Grade+ (g/t)(i) 0.94 1.59 2.66 1.62 ------------------------------------------------------------------Indicated Au (Oz) 124 495 1 943 027 337 403 2 404 924============================================================================ Tonnes (t) 26 739 600 5 406 700 32 146 300 ------------------------------------------------------------------ GradeInferred (g/t) 1.15 2.79 1.43 ------------------------------------------------------------------ Au (Oz) 991 494 485 670 1 477 164============================================================================(i): average weighted in tonnes(i) The Independent and Qualified Persons for the Mineral Resource Estimate,as defined by Regulation 43-101, are Carl Pelletier, B.Sc., P.Geo. andKenneth Williamson, M.Sc., P.Geo. (InnovExplo Inc), and the effective dateof the estimate is October 31, 2012.(i) Mineral Resources are not Mineral Reserves and do not have demonstratedeconomic viability.(i) Tailing results are presented undiluted and in situ. The estimateincludes four (4) tailings areas.(i) In-Pit results are presented undiluted within Whittle-optimized pitshells. The estimate includes 9 gold-bearing zones and a remaining envelopecontaining isolated gold intercepts.(i) Underground results are presented undiluted and in situ, outsideWhittle-optimized pitshells. The estimate includes 9 gold-bearing zones anda remaining envelope containing isolated gold intercepts(i) Tailing resources were compiled at 0.2, 0.4, 0.6 and 0.8 g/t Au cut-offgrades.(i) In-Pit resources were compiled at 0.35, 0.40, 0.45, 0.50, 0.55, 0.60,0.65, 0.70, 0.80 and 0.9 g/t Au cut-off grades.(i) Underground resources were compiled at 1.5, 2.0, 2.5, 3.0, 3.5, 4.0 and5.0 g/t Au cut-off grades.(i) Cut-off grades must be re-evaluated in light of prevailing marketconditions (gold price, exchange rate and mining cost).(i) Tailings: A fixed density of 1.45 g/cm3 was used in zones and waste.(i) In-Pit and Underground: A fixed density of 2.73 g/cm3 was used in zonesand in the envelope.(i) In-Pit and Underground: A minimum true thickness of 3.0 m was applied,using the grade of the adjacent material when assayed, or a value of zerowhen not assayed.(i) Tailings: High-grade capping was done on the raw data and established at13.0 g/t Au for Zone 1, 3.5 g/t Au for Zone 2, 1.7 g/t Au for Zone 3 and 2.2g/t Au for Zone 4.(i) In-Pit and Underground: High grade capping was done on the raw data andestablished at 25.0 g/t Au for diamond drill hole assays and channel samplesassays.(i) Tailings: Compositing was not done over entire drill hole lengths.Instead, compositing was done on drill hole sections falling within themineralized zone envelopes (composite = 0.5 metre).(i) In-Pit and Underground: Compositing was not done over entire drill holelengths. Instead, compositing was done on drill hole and channel samplessections falling within the mineralized zone envelopes (composite = 1.5metres).(i) Resources were evaluated from drill hole and surface channel samplesusing an ID2 interpolation method in a block model.(i) The tailings measured and indicated categories were defined based on thedrill holes spacing (measured, zones 1 and 2 = 30m x 30m grid; indicated,zone 3 = 100m x 100m grid and zone 4 = 200m x 200m grid).(i) The In-Pit measured category is defined by blocks having a volume of atleast 25% within an envelope built at a distance of 10m around existingChannels.(i) The In-Pit and Underground indicated category is defined by thecombination of blocks within a maximum distance of 15m of existing stopesand blocks for which the average distance to drillhole composites is lessthan 45m.(i) Ounce (troy) = Metric Tonnes x Grade / 31.10348. Calculations usedmetric units (metres, tonnes and g/t).(i) The number of metric tonnes was rounded to the nearest hundred. Anydiscrepancies in the totals are due to rounding effects; rounding followedthe recommendations in Regulation 43-101.(i) InnovExplo is not aware of any known environmental, permitting, legal,title-related, taxation, socio-political, marketing or other relevant issuethat could materially affect the Mineral Resource Estimate.(i) Whittle parameters used: Mining cost=2.40 USD, milling cost=13.61 USD,G&A=4.18 USD, Gold price=1,435 USD (exchange rate @ 1.01$), miningdilution=10%, mining recovery=90%, milling recovery=93.9%, pit slope 52degrees
