Guinor
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Annual Reports 2004
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Trevor Schultz Local artisanal miners exploiting a high grade structure directly to the south of the Fayalala deposit
 
 
 

RESOURCE AND RESERVE STATEMENTS

LEFA Project Resource Statement (December 31, 2004)

     
Measured
Indicated
Measured and indicated Total
Inferred
Deposit
Lower
Cutoff
Grade
g/t
Material
Type
Tonnes
t
Grade
g/t
Au
Contained
Gold
oz
Tonnes
t
Grade
g/t
Au
Contained
Gold
oz
Tonnes
t
Grade
g/t
Au
Contained
Gold
oz
Tonnes
t
Grade
g/t
Au
Contained
Gold
oz
Lero Karta
0.5
laterite
30,000
0.7
7,000
70,000
1.1
2,000
370,000
0.8
9,000
0
0
0
0.7
saprolite
3,560,000
2.4
269,000
3,120,000
1.8
179,000
6,680,000
2.1
448,000
540,000
1.5
26,000
0.7
fresh
9,770,000
2.2
693,000
8,270,000
1.7
450,000
18,040,000
2.0
1,143,000
6,250,000
1.6
309,000
sub total
13,630,000
2.2
969,000
11,460,000
1.7
631,000
25,090,000
2.0
1,600,000
6,790,000
1.6
335,000
Fayalala
0.5
laterite
4,650,000
1.0
143,000
4,650,000
1.0
143,000
1,380,000
1.0
43,000
0.6
saprolite
8,450,000
1.4
370,000
2,640,000
1.3
107,000
11,090,000
1.3
477,000
930,000
1.1
32,000
0.6
fresh
8,240,000
1.4
363,000
8,830,000
1.2
347,000
17,060,000
1.3
710,000
6,240,000
1.2
245,000
sub total
16,690,000
1.4
733,000
16,120,000
1.2
597,000
32,800,000
1.3
1,330,000
8,550,000
1.2
319,000
KanKarta
0.5
laterite
0.7
saprolite
30,000
1.4
1,000
390,000
1.5
20,000
420,000
1.5
21,000
10,000
2.3
21,000
0.7
fresh
150,000
2.5
13,000
3,660,000
1.9
224,000
3,810,000
1.9
236,000
990,000
1.5
46,000
sub total
180,000
2.3
14,000
4,050,000
1.9
244,000
4,230,000
1.9
257,000
1,000,000
1.5
47,000
Banko*
0.5
laterite
50,000
0.9
1,000
50,000
0.9
1,000
90,000
0.9
3,000
0.7
saprolite
60,000
3.9
7,000
60,000
3.9
7,000
70,000
4.0
9,000
0.7
fresh
40,000
2.8
3,000
40,000
2.8
3,000
30,000
3.0
3,000
sub total
150,000
2.6
11,000
150,000
2.6
11,000
190,000
2.4
15,000
Tambico
0.5
laterite
0
0
0
0
0
0
0
0
0
0
0
0
0.7
saprolite
150,000
2.7
13,000
320,000
1.8
19,000
470,000
2.1
31,000
40,000
1.6
2,000
0.7
fresh
0
0
0
300,000
1.7
17,000
300,000
1.7
17,000
300,000
1.3
13,000
sub total
150,000
2.7
13,000
620,000
1.8
35,000
770,000
1.9
48,000
40,000
1.3
15,000
Folokadi*
0.5
laterite
120,000
0.8
3,000
120,000
0.8
3,000
80,000
0.7
2,000
0.7
saprolite
310,000
1.0
10,000
310,000
1.0
10,000
190,000
1.5
9,000
0.7
fresh
410,000
1.5
19,000
410,000
1.5
19,000
550,000
1.7
31,000
sub total
840,000
1.2
32,000
840,000
1.2
32,000
820,000
1.6
42,000
Banora*
0.5
laterite
40,000
1.1
1,000
0.7
saprolite
620,000
1.8
35,000
0.7
fresh
490,000
1.9
29,000
sub total
1,150,000
1.8
65,000
Sanoukono*
0.5
laterite
1,620,000
1.2
60,000
1,620,000
1.2
60,000
–
–
–
sub total
1,620,000
1.2
60,000
1,620,000
1.2
60,000
–
–
–
Boubere*
0.5
laterite
40,000
0.7
1,000
1.0
oxide
3,000
2.1
200
1.0
fresh
360,000
1.9
21,000
sub total
400,000
1.7
22,000
Siguirini*
1.0
saprolite
30,000
2.4
2,000
sub total
30,000
2.4
2,000
in situ
30,650,000
1.8
1,729,000
34,860,000
1.4
1,610,000
65,500,000
1.6
3,338,000
19,270,000
1.4
862,000
stockpiles(2)
2,637,000
1.1
90,000
2,637,000
1.1
90,000
–
–
–
TOTAL
all
30,650,000
1.8
1,729,000
37,497,000
1.4
1,700,000
68,137,000
1.6
3,428,000
19,270,000
1.4
862,000
Prior March 2004
25,400,000
1.8
1,439,000
31,091,000
1.4
1,358,000
54,150,000
1.6
2,710,000
19,820,000
1.4
892,000

Notes to and accompanying resource statement:

1 Resources have been estimated by independant consultants RSG Global of Perth, Australia, overviewed by Mr Andrew Pardey, Chief Geologist, Guinor.
2 Stockpile resource tonnes and grade have been calculated by Mr Andrew Pardey, Chief Geologist, Guinor.
3 All resources have been calculated using the multiple indicator kriging, ordinary kriging technique or inverse distance methods.
4 All tonnes, grade and ounces have been rounded to an appropriate level for reporting.
5 All deposits/prospect marked with an (*) are based on the December 2003 resource reported by RSG Global.

LEFA Project Reserve Statement (March, 2005)

I Based on December 31, 2004 resource.
 
Proven
Probable
TOTAL
  
Deposit
tonnes
(Mt)
grade
(g/t)
tonnes
(Mt)
grade
(g/t)
tonnes
(M/t)
grade
(gt)
koz
Fayalala
10.3
2.4
5.4
2.0
15.7
2.2
1,136
Lero Karta
10.8
1.5
6.1
1.3
16.8
1.5
789
Kankarta
0.2
2.4
2.1
2.2
2.3
2.2
166
Banko
-
-
0.1
3.4
0.1
3.4
8
Tambico
0.1
2.8
0.1
2.1
0.3
2.5
20
Sanoukono
-
-
1.3
1.2
1.3
1.2
50
Folokadi
-
-
0.7
0.9
0.7
0.9
22
TOTAL
21.4
2.0
15.8
1.7
37.3
1.8
2,190
II Low grade material stockpiled for the current Heap Leach operation.
 
Proven
Probable
TOTAL
  
Deposit
tonnes
(Mt)
grade
(g/t)
tonnes
(Mt)
grade
(g/t)
tonnes
(Mt)
grade
(g/t)
koz
TOTAL
–
–
1.0
0.9
1.0
0.9
28
III Existing stockpile not scheduled for the current Heap Leach operation.
 
Proven
Probable
TOTAL
  
Deposit
tonnes
(Mt)
grade
(g/t)
tonnes
(Mt)
grade
(g/t)
tonnes
(M/t)
grade
(gt)
koz
TOTAL
–
–
2.3
0.8
2.3
0.8
59
GRAND TOTAL
21.4
2.0
19.1
1.5
40.5
1.7
2,277

Reserves have been calculated using a gold price of US$400 per ounce.

 
Where am I ? : Commentary / Resource & Reserve Statement Exploration Activities : < Previous | Next > : Health, Safety & Environment