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San Antonio Gold Project

Status: Development
Location: California Baja Sur, Mexico
Ownership: 100% Argonaut Gold
Acquisition: December 2009

Gold resource estimates at $1,500 gold:


Category
Tonnes
(millions)
Au
Grade (g/t)
Contained Au
 Ounces
(millions)
Measured & Indicated
65.1
0.83
1.74
Inferred
6.2
0.34
0.07

The Mineral Resources for the San Antonio Project set out in the table above were taken from the San Antonio Technical Report dated October 10, 2012 (effective date of September 1, 2012). The gold resource was estimated at a gold price of $1,500 using a cutoff grade of 0.11 g/t Au for oxide and transition and 0.15 g/t Au for sulphide. These amounts have been reviewed and confirmed by Thomas Burkhart, who is a "qualified person" for purposes of NI 43-101.

Click here for full mineral reserve and resource disclosure at December 31, 2016

Technical Reports:

October 10, 2012 - 2012, N.I. 43-101 Technical Report On The San Antonio Project, Baja Sur California, Mexico
June 2011 - 2011, N.I. 43-101 Technical Report On The San Antonio Project, Baja Sur California, Mexico
August 2010 - 2010, N.I. 43-101 Technical Report On The San Antonio Project, Baja Sur California, Mexico
November 2009 - 2009, N.I. 43-101 Technical Report On The San Antonio Project, Baja Sur California, Mexico
December 2007 - 2007, N.I. 43-101 Technical Report On The San Antonio Project, Baja Sur California, Mexico

Project Location and Summary:

The San Antonio Gold Project is located on the Baja California Peninsula, adjacent to the historic mining town of San Antonio and 40 km southeast from the port city of La Paz. Good gravel roads traverse most of the project area and a high voltage power line crosses through it. The 100% owned project covers a large land package of favorable geological trend. In the late 1990s Echo Bay Mines Ltd located and partly tested the Colinas gold resource and in 2007-2008 Pediment Gold Corp. discovered and defined a significant gold resource at Los Planes.

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