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Silver Lake Resources Ltd.

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Summary

Project:

Murchison

Deposit:Murchison
Location:Australia
Commodities:Gold
Date:8/26/2016
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:26-8-2016: Silver Lake Resources Ltd. announces a Resource Estimation report for its Murchison deposit at the Murchison project. Annual statement of mineral resources and ore reserves, unchanged since 2015. Silver Lake Resources Limited (“Silver Lake” or
Resources:(Resource, Total): 10.6Mt @ 2.01g/t Au for 0.69Moz Au contained at Murchison Operation total
CP/QP:[Resources]: Anthony Shepard (Internal)
ABSTRACT:Silver Lake Resources Limited (“Silver Lake” or the “Company”) presents its Mineral Resources and Ore Reserves statements for 2016. The Company’s total Measured, Indicated and Inferred Mineral Resources as at 30 June 2016 are 54.8 million tonnes (Mt) @ 2.8 grams per tonne of gold (g/t Au) containing 4.92 million ounces of gold (Moz) (refer Tables 1, 2, 3, 4). The previous publicly reported estimate of Mineral Resources was 58.0 Mt @ 2.7 g/t Au containing 5.03 Moz of gold as at 30 June 2015, announced on 28th August 2015. The Mineral Resources as at 30 June 2016 are estimated after allowing for mining depletion from the Mount Monger Operation and the sale of the Comet mining tenements during the 2016 financial year.

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