|Ownership:||100% Argonaut Gold|
Gold and silver resource estimates at $1,300 gold and $20 silver:
The Mineral Resources for the San Agustin Gold-Silver Project set out in the table above were taken from the San Agustin Technical Report dated June 10, 2016 (effective date of April 29, 2016). The Mineral Resource was estimated at a gold price of $1,300 and silver price of $20. A gold equivalent cutoff of 0.18 g/t was utilized for the resource. These amounts have been reviewed and confirmed by Thomas Burkhart, who is a "qualified person" for purposes of NI 43-101.
(1)Based on the assumptions and parameters as set forth in the PEA NI 43-101 Technical Report press release dated April 29, 2016
June 10, 2016 – Technical Report & Updated Preliminary Economic Assessment San Agustin Heap Leach Project Durango, Mexico
February 19, 2015 – Technical Report and Preliminary Economic Assessment San Agustin Heap Leach Project Durango, Mexico
October 3, 2014 – 2014, N.I. 43-101 Technical Report On The San Agustin Project, Durango, Mexico
April 16, 2009 – 2009, N.I. 43-101 Technical Report on The San Agustin Project, Durango, Mexico