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Magino Gold Project

Status: Advanced Development
Location: Ontario, Canada
Ownership: 100% Argonaut Gold
Acquisition: December 2012

Gold reserve at $1,200 gold

Reserve Class
Diluted Tonnage (Mt)
Diluted Grade g/t Au
Contained Gold Au (koz)

Proven

24.2

1.03

804

Probable

34.7

1.19

1,332
Total Proven & Probable
59.0
1.13
2,137

The Mineral Reserves for Magino set out in the table above were taken from the Magino Feasibility Study press release dated November 6, 2017 (a National Instrument (“NI”) 43-101 Technical Report will be filed within 45 days of the press release announcement). The Mineral Reserve was estimated at a gold price of $1,200. The Mineral Reserve estimate used a gold cutoff of 0.41 g/t. These amounts have been reviewed and confirmed by Mike Lechner, who is a “qualified person” for purposes of NI 43-101.

Gold resource estimate inclusive of reserves at $1,300 gold

Resource Category
Tonnes (Mt)
Au (g/t)
Contained Au Ounces (koz)

Measured

37.4

0.84

1,010

Indicated

106.6

0.93

3,187
Measured & Indicated
144.0
0.91
4,197
Inferred
33.2
0.83
886

The Mineral Resources for the Magino Project set out in the table above were taken from the Magino Feasibility Study press release dated November 6, 2017 (NI 43-101 Technical Report will be filed within 45 days of the press release announcement). The Mineral Resource was estimated at a gold price of $1,300. The Indicate Resource study used a cutoff of 0.25 g/t gold. These amounts have been reviewed and confirmed by Mike Lechner, who is a "qualified person" for purposes of NI 43-101.

Click here for full mineral reserve and resource disclosure at November 6, 2017

Technical Reports:

February 22, 2016 - Technical Report on the Magino Project, Wawa, Ontario, Canada
January 12, 2015 - Report on Magino Heap Leach and Cyanide Optimization Test Work Report
January 30, 2014 - 2012, N.I. 43-101 Preliminary Feasibility Study Technical Report On The Magino Project, Wawa, Ontario
October 4, 2012 - 2012(2), N.I. 43-101 Technical Report On The Magino Project, Wawa, Ontario
February 3, 2012 - 2012, N.I. 43-101 Technical Report On The Magino Project, Wawa, Ontario (PEA)
November 2, 2011 - 2011, N.I. 43-101 Technical Report On The Magino Project, Wawa, Ontario

Project Location and Summary:

The Magino mine property is a past producing underground gold mine located 40 kilometres northeast of Wawa, Ontario, approximately 14 kilometres southeast of the town of Dubreuilville. The property consists of seven patented mining claims, four leased mining claims and 69 unpatented mining claims totaling 2,204.495 hectares. Magino is being evaluated by Prodigy Gold Inc. as an open-pit mining opportunity with the potential for deeper, higher grade gold production.

Project Description Report

Magino Project Description Report (Full Version)

Magino Project Description Report (Executive Summary - English)

Magino Project Description Report (Executive Summary - French)

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