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Leagold Mining Corp.

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Summary

Project:

Fazenda Brasileiro Mine

Deposit:Fazenda Brasileiro Mine
Location:Brazil
Commodities:Gold
Date:11/28/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:28-11-2018: Leagold Mining Corp. announces a Resource Estimation report for its Fazenda Brasileiro Mine deposit at the Fazenda Brasileiro Mine project. Updated mineral resource and ore reserve at the project. Roscoe Postle Associates Inc. (RPA) was retain
Resources:(Reserve, P+P): 5.387Mt @ 1.84g/t Au for 319Koz Au contained
CP/QP:[Resources]: Mark Mathisen (Roscoe Postle Associates Inc.)
ABSTRACT:Roscoe Postle Associates Inc. (RPA) was retained by Leagold Mining Corporation (Leagold) to prepare an independent Technical Report on the Fazenda Brasileiro Desenvolvimento Mineral Mine (FBDM, Fazenda Brasileiro Mine, or the Mine), located in Bahia state, Brazil. The purpose of this report is to support the disclosure of the Mineral Resource and Mineral Reserve estimates prepared by Leagold for the FBDM operations as of May 31, 2018. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). RPA visited the property on June 21 and 22, 2018. Leagold is a Canadian publicly listed mining company with significant gold producing, development, and exploration stage properties in Brazil and Mexico. Leagold’s portfolio includes three operating mines in Brazil: FBDM, Pilar, and Riacho dos Machados mines, as well as the Santa Luz Project, which is a permitted mine currently on care and maintenance. These mines were acquired from Brio Gold Inc. (Brio) on May 24, 2018. Leagold also owns the Los Filos mine, which is an operating mine in Mexico. Gold production in 2017 totalled approximately 178,000 ounces (oz) of gold from the Brazil operations and approximately 191,000 oz from the Los Filos mine. FBDM is an open pit and underground mine, which has been operational since 1984. FBDM started as a heap leach operation, however, a carbon-in-pulp (CIP) milling facility was added in 1988 to process underground ore. The plant was subsequently converted to pre-aeration with carbon-in-leach (CIL). In 2017, approximately 1.3 million tonnes of ore were mined and processed, producing a total of approximately 61,000 ounces of gold, with most of the ore sourced from the underground mine. FBDM’s production since 1984 totals approximately 3.2 million ounces of gold.

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