Operations
Shafter
Resources
Shafter 43-101 ReportTetra Tech prepared a NI 43-101 compliant Technical Report and developed a three-dimensional computerized model of the Shafter silver deposit that was used in the development of the resource estimate. The previous mining companies' results tend to match the historical mining records. The sample database is representative of the tenor of the mineralization and industry standard procedures were followed including determination of the precious metal grades by standard fire assaying techniques.
| Resources | Tons | Silveroz/ton | Contained Silver Ounces |
|---|---|---|---|
Measured |
855,000 |
8.7 |
7,480,210 |
Indicated |
1,940,000 |
8.5 |
16,517,640 |
Measured and Indicated |
2,795,000 |
8.6 |
23,997,850 |
Inferred |
2,167,000 |
10.5 |
22,800,000 |
| The resource assumes a (4.0 opt) silver cut-off | |||
| Reserves | Tons | Silveroz/ton | Contained Silver Ounces |
|---|---|---|---|
Proven |
748,125 |
8.0 |
5,972,480 |
Probable |
1,697,500 |
7.8 |
13,188,303 |
Proven and Probable |
2,445,625 |
7.8 |
19,160,783 |
| Based on: June 23, 2011 amended Shafter Feasibility Study, using a 4opt cut-off grade | |||
Mr. Nils von Fersen, PGeo, a qualified person and the Company's Vice-President, Exploration and Sadek El-Alfy a qualified person and the Company's Vice-President, Operations have reviewed the scientific and technical information contained on the Company's website.