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Leagold Mining Corp.
Summary
| Project: | Pilar Operations | |
|---|---|---|
| Deposit: | Pilar Operations | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 1/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-1-2019: Leagold Mining Corp. announces a Resource Estimation report for its Pilar Operations deposit at the Pilar Operations project. Updated mineral resource and ore reserve estimate at the project. Roscoe Postle Associates Inc. (RPA) was retained by | |
| Resources: | (Reserve, P+P): 7.005Mt @ 1.18g/t Au for 265.6Koz Au contained | |
| CP/QP: | [Resources]: Philip Geusebroek (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 Pilar de Goias Desenvolvimento Mineral S.A. (PGDM, Pilar mine, Pilar operations or the Project) mining operations located in Goiás State, Brazil. The purpose of this report is to support the disclosure of the updated Mineral Resource and Mineral Reserve estimates prepared by Leagold for the Pilar operations as of May 31, 2018 and reviewed by RPA. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). RPA visited the Project in June 2018. On May 24, 2018, Leagold acquired Brio Gold Inc. (Brio), which included ownership of the Pilar, Fazenda Brasileiro and Riacho dos Machados mines and the Santa Luz project. Leagold also owns the Los Filos mine, which is an operating mine in Mexico. The Pilar operations include the Pilar mine, the Maria Lázara mine, the past-producing Caiamar mine, and the Três Buracos deposit, all of which are located in Goiás State in central Brazil. The estimated Mineral Resources and Mineral Reserves include material at the Pilar mine, the Maria Lázara mine, and the Três Buracos deposit. Underground mining is currently taking place at the Pilar and Maria Lázara mines. The Três Buracos deposit is currently in the permitting stage and is envisioned to be an open pit mine with plans to commence production in 2020. | |
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