Xtra-Gold Expansion Drilling Successfully Amalgamates Boomerang East / Boomerang West Targets into Major Gold System; Intersects 1.31 g/t Gold over 51.0 Metres, including 3.09 g/t Gold over 16.5 Metres, at Main Lower Shoot Zone
Xtra-Gold Expansion Drilling Successfully
Amalgamates Boomerang East / Boomerang
West Targets into Major Gold System;
Intersects 1.31 g/t Gold over 51.0 Metres,
including 3.09 g/t Gold over 16.5 Metres, at
Main Lower Shoot Zone
Toronto, Ontario--(Newsfile Corp. - September 8, 2023) -
Xtra-Gold Resources Corp. (
TSX: XTG)
(OTCQB: XTGRF)
("Xtra-Gold" or the "Company"),
is pleased to announce further positive assay
results for an additional 30 diamond core boreholes totalling 7,309 metres ("m") from its current
exploration drilling program on the Company's wholly-owned Kibi Gold Project, located in the Kibi -
Winneba greenstone belt (the "Kibi Gold Belt"), in Ghana, West Africa. Today's drilling results include 23
drill holes (6,122.5 m) focusing on the expansion of the Boomerang East gold system and 7 scout drill
holes (1,186.5 m) targeting prospective litho-structural settings generated by the recently completed 3D
VTEM / TMI inversion-modelling. The current drilling forms part of an aggressive in-house drilling
initiative focussing on multiple resource expansion targets occupying the south-western (Zone 3) portion
of the mineralization-hosting 1
st
-order F2 synclinorium fold structure; over 1 km beyond the limits of the
currently defined Mineral Resource Estimate (the "2021 MRE", see the Company's news release of
November 1, 2021).
Present drilling efforts successfully: expanded the stacked, NE-plunging, multi-shoot Boomerang East
gold system approximately 150 m along strike to the southwest (up-plunge), including discovery of new
gold shoot; amalgamated the Boomerang East / Boomerang West resource expansion targets into a
single, major gold system extending over 700 m down-plunge; and further defined the down-plunge
continuity of the main Lower Shoot gold zone.
Assay results reported are provided in Table 1 below and include the following highlights:
Expansion Drilling (Boomerang East SW Strike-Extension - Boomerang West Down-Plunge)
9.0 m at 5.27 grams per tonne gold ("g/t Au"), including 4.5 m at 8.98 g/t Au, from 65.5 m; and 15.4
m at 1.59 g/t Au, including 7.5 m at 2.01 g/t Au, from 120.0 m KBDD23524
22.0 m at 1.17 g/t Au, including 15.7 m at 1.50 g/t Au, from 194.0 m in KBDD23522
Definition Drilling (Main "Lower Shoot" Gold Zone - Boomerang East)
51.0 m at 1.31 g/t Au, including 16.5 m at 3.09 g/t Au, from 127.0 m in KBDD23528
53.0 m at 1.06 g/t Au, including 30.0 m at 1.60 g/t Au, from 31.0 m in KBDD23527
33.0 m at 1.17 g/t Au, including 19.0 m at 1.76 g/t Au, from 7.0 m in KBDD23519
Expansion Drilling (Boomerang East - SE Lateral / Down-Dip Extension)
9.0 m at 1.00 g/t Au from 40.0 m; and 33.0 m at 0.50 g/t Au from 184.0 m; and 29.0 m at 0.35 g/t
Au from 304.0 m; and 6.0 m at 1.67 g/t Au from 357.0 m in KBDD22504
9.1 m at 0.75 g/t Au from 77.0; and 10.5 m at 0.71 g/t Au from 129.0; and 41.0 m at 0.72 g/t Au
from 294.0 in KBDD22505
47.0 m at 0.51 g/t Au from 210.0 m in KBDD23523
James Longshore, President and CEO remarked: "What really excites us is that with our latest
expansion drilling successfully amalgamating the Boomerang East / Boomerang West zones into a
single, stacked, multi-shoot gold system extending approximately 700 m down-plunge, we are potentially
seeing the emergence of a new, major bulk-tonnage gold deposit. We are also very pleased with the
broad, robust nature, and down-plunge continuity, of the gold mineralization returned by definition drill
holes KBDD23527 and KBDD23528, at the main Lower Shoot gold zone. We remain confident, based
on the present drilling yielding several strong sandstone rock-hosted gold intercepts, representing a
second highly-prospective mineralization-receptive host rock, in addition to the typical Zone 2 - Zone 3
MRE diorite-hosted mineralization, that further new gold discoveries will be made within the newly
modeled mineralization-controlling 1
st
-order F2 synclinorium fold structure footprint area."
Today's Kibi Gold Project drill results correspond to the latest 30 drill holes (7,309 m) of an ongoing
exploration initiative targeting multiple resource expansion opportunities within the south-western (Zone
3) portion of the gold mineralization-hosting 1
st
-order F2 synclinorium fold structure, including: 19
expansion drill holes (5,116.5 m) targeting the south-western strike-extension and south-eastern lateral
continuity of the stacked, multi-shoot, Boomerang East gold system, 4 SW-trending definition drill holes
(1,006 m) designed to further test the down-plunge continuity of the Lower Shoot mineralization between
existing NW-SE drill-sections , and 7 scout drill holes (1,186.5 m) to further define the litho-structural
setting of the recently 3D VTEM / TMI inversion-modelling generated Double 19 - SW target.
The present 30 diamond core boreholes were completed by the Company's in-house drilling crews from
early December 2022 to late July 2023, including: 26 new holes (KBDD22503 - KBDD23528) and 4
hole-extensions (KBDD21432, KBDD21434, KBDD21451 & KBDD22502). With drill holes
KBDD21432, KBDD21434, and KBDD22502 re-entered / extended to test the Lower Shoot and/or
Footwall Shoot mineralization zones at Boomerang East, and hole KBDD21451 extended to help define
the geometry of the diorite body at the Double 19 - SW target. Drill results for a total of 120 holes
(22,860.5 m) have been reported to date for the ongoing Zone 3 resource expansion drill program
initiated following the database close-out date for the current 2021 MRE.
Exploration significant auriferous drill intercepts are presented in Table 1 below, with a drill plan (Figure
1) and collar / drill hole details (Table 2), available at:
(Figure 1_Zone 3 Drill Plan_Sep 2023)
(Table 2_Drill Collar Info_Sep 2023
)
Table 1: Significant Drill Intercepts
Boomerang East Resource Expansion Target & Zone 3 Scout Drilling
Kibi Gold Project / December 2022 - July
2023
Hole ID
From
(metres)
To
(metres)
Core
Length
(metres)
Gold
Grams
Per Tonne
Zone ID / Target
KBDD21432
(1)
145.0
154.0
9.0
0.40
Boomerang East -
Lower Shoot
including
150.0
151.0
1.0
1.58
and
172.0
214.0
42.0
0.28
Lower Shoot
including
201.0
208.0
7.0
0.51
and
229.0
243.0
14.0
0.79
Footwall Shoot
including
234.0
242.0
8.0
1.06
and incl.
240.0
241.0
1.0
3.29
KBDD21434
(2)
97.5
133.0
35.5
0.44
Boomerang East -
Upper Shoot (s)
including
108.0
111.0
3.0
1.11
including
129.0
133.0
4.0
0.97
and
236.0
255.0
19.0
0.28
Lower Shoot
KBDD21451
(3)
177.5
179.0
1.5
2.33
Double 19 - SW
Target
KBDD22502
(4)
334.0
344.0
10.0
0.57
Boomerang East -
Lower Shoot
including
334.0
336.0
2.0
1.78
and
372.0
378.0
6.0
1.03
Lower Shoot
and
409.0
413.0
4.0
1.13
Footwall Shoot
KBDD22503
129.5
136.5
7.0
0.56
Boomerang East -
Upper Shoot (s)
and
232.0
252.5
20.5
0.57
Lower Shoot
including
234.0
239.0
5.0
0.95
KBDD22504
40.0
49.0
9.0
1.00
Boomerang East -
Upper Shoot (s)
including
46.0
48.0
2.0
3.31
and
184.0
217.0
33.0
0.50
Lower Shoot
including
203.0
209.0
6.0
1.04
and
304.0
333.0
29.0
0.35
Boomerang East -
New
Mineralization
including
304.0
305.0
1.0
4.15
and
357.0
363.0
6.0
1.67
Boomerang East -
New
Mineralization
including
361.0
362.0
1.0
6.20
KBDD22505
44.5
49.0
4.5
0.63
Boomerang East -
Upper Shoot (s)
and
77.0
86.1
9.1
0.75
Upper Shoot (s)
including
81.4
83.0
1.6
1.89
and
129.0
139.5
10.5
0.71
Upper Shoot (s)
including
135.0
137.0
2.0
1.43
and
294.0
335.0
41.0
0.72
Lower Shoot
including
296.0
302.0
6.0
1.82
and incl.
299.0
300.0
1.0
4.37
KBDD23506
No Significant Intercept
Boomerang East
KBDD23507
50.0
64.5
14.5
0.30
Boomerang East -
Upper Shoot (s)
including
57.0
58.0
1.0
1.11
KBDD23508
45.0
67.5
22.5
0.40
Boomerang East -
Upper Shoot (s)
including
54.0
56.0
2.0
1.53
and
88.5
90.0
1.5
1.89
KBDD23509
No Significant Intercept
Boomerang East
KBDD23510
30.0
55.0
25.0
0.31
Boomerang East -
Lower Shoot
including
30.0
35.0
5.0
0.61
and
62.0
72.0
10.0
0.68
Lower Shoot
including
64.0
68.0
4.0
1.12
and
111.0
114.0
3.0
1.30
and
194.0
202.0
8.0
0.41
Boomerang East -
New
Mineralization
KBDD23511
5.5
13.0
7.5
0.46
Boomerang East
KBDD23512
32.0
39.0
7.0
0.48
Boomerang East -
Upper Shoot (s)
and
82.5
84.0
1.5
3.69
KBDD23513
No Significant Intercept
Double 19 - SW
Target
KBDD23514
No Significant Intercept
Double 19 - SW
Target
KBDD23515
No Significant Intercept
Boomerang East
KBDD23516
194.0
204.5
10.5
0.26
Double 19 - SW
Target
KBDD23517
34.0
44.5
10.5
0.87
Double 19 - SW
Target
including
43.0
44.5
1.5
4.16
KBDD23518
No Significant Intercept
Boomerang East
KBDD23519
7.0
40.0
33.0
1.17
Boomerang East -
Lower Shoot
including
16.0
35.0
19.0
1.76
and incl.
16.0
23.0
7.0
2.14
and incl.
29.0
34.0
5.0
2.47
and
48.0
54.0
6.0
0.68
Lower Shoot
and
119.0
131.0
12.0
0.50
Footwall Shoot
including
127.0
128.0
1.0
1.17
and
188.7
191.0
2.3
1.01
KBDD23520
No Significant Intercept
Boomerang East
KBDD23521
No Significant Intercept
Double 19 - SW
Target
KBDD23522
194.0
216.0
22.0
1.17
Boomerang West -
Down Plunge
including
194.0
209.7
15.7
1.50
and incl.
197.0
200.0
3.0
2.53
and incl.
207.0
209.7
2.7
2.94
KBDD23523
83.0
90.0
7.0
0.57
Boomerang East -
Upper Shoot (s)
including
88.0
89.0
1.0
2.02
and
151.0
161.0
10.0
0.26
Upper Shoot (s)
and
210.0
257.0
47.0
0.51
Upper Shoot (s)
including
237.0
257.0
20.0
0.81
and incl.
252.0
256.0
4.0
2.09
and
276.0
283.0
7.0
0.45
and
313.0
328.0
15.0
0.40
Lower Shoot
including
327.0
328.0
1.0
1.80
and
367.8
386.0
18.2
0.29
Footwall Shoot
including
369.0
370.0
1.0
1.30
KBDD23524
65.5
74.5
9.0
5.27
Boomerang East -
Footwall Shoot
including
68.5
73.0
4.5
8.98
and incl.
68.5
70.0
1.5
19.71
and
120.0
135.4
15.4
1.59
Boomerang East -
New
Mineralization
including
121.5
129.0
7.5
2.01
and
145.0
154.5
9.5
0.32
Boomerang East -
New
Mineralization
and
163.5
172.0
8.5
0.71
Boomerang East -
New
Mineralization
KBDD23525
No Significant Intercept
Double 19 - SW
Target
KBDD23526
67.0
97.0
30.0
0.53
Boomerang East -
Lower Shoot
including
76.0
80.0
4.0
1.09
including
84.0
89.0
5.0
1.11
KBDD23527
31.0
84.0
53.0
1.06
Boomerang East -
Lower Shoot
including
54.0
84.0
30.0
1.60
and incl.
60.0
67.0
7.0
3.33
and
229.0
231.0
2.0
1.99
KBDD23528
127.0
178.0
51.0
1.31
Boomerang East -
Lower Shoot
including
147.5
164.0
16.5
3.09
and
191.0
201.0
10.0
0.50
Footwall Shoot
(1)
Hole #KBDD21432 originally drilled to 126.0 m in 2021 and extended by 195.0 m to final depth of 321.0 m in December 2022. No significant drill
intercept in upper section (126.0 m) of borehole.
(2)
Hole #KBDD21434 originally drilled to 117.0 m in 2021 and extended by 138.0 m to final depth of 255.0 m in January 2023.
Present 97.5 m -
133.0 m drill intercept previously, partially reported (see Company's news release of February 18, 2022, for significant intercepts in upper section of drill
hole).
(3)
Hole #KBDD21451 originally drilled to 140.3 m in 2021 and extended by 80.7 m to final depth of 221.0 m in April 2023. No significant drill
intercept in upper section (140.3 m) of drill hole.
(4)
Hole #KBDD22502 originally drilled to 294.4 m in November 2022 and extended by 161.6 m to final depth of 456.0 m in December 2022 (see
Company's news release of December 21, 2022, for significant drill intercepts in upper section of drill hole).
Notes:
Reported intercepts are core-lengths; true width of mineralization is unknown at this time.
"Significant" intercepts meet the following criteria: minimum metal factor (grade x length) of 2.5; with minimum 0.25 g/t gold average grade over
interval. Intercepts also constrained with a 0.25 g/t gold minimum cut-off grade at top and bottom of intercept, with no upper cut-off applied, and
maximum of five (5) consecutive samples of internal dilution (<0.25 g/t gold). All internal intervals above 15 g/t gold indicated.
Recently completed 3D VTEM / TMI inversion models-based litho-structural modelling work, conducted
by Tect Geological Consulting of South Africa, indicates that the gold mineralization within the Zone 2 -
Zone 3 MRE footprint area occupies a licence-scale, 1
st
-order F2 synclinorium fold structure. Deposits
are characterized by tensional arrays of auriferous quartz-carbonate veins typically hosted within or
spatially associated with F1 or F2 folded / strained diorite units, and/or metasedimentary rock - diorite
contacts, with the diorite bodies having an interpreted Belt-type granitoid affinity.
Over 20 significant gold
occurrences hosted by Belt (Dixcove)- and Basin (Cape Coast)-type granitoids are known in Ghana,
with a number constituting significant deposits.
These deposits represent a relatively new style of gold
mineralization for orogenic gold deposits within the West African Birimian terrain.
Belt-type intrusion-
hosted gold deposits include Newmont Mining's Subika deposit at their Ahafo mine and Asante Gold's
Chirano deposit (formerly Kinross Mining) within the Sefwi gold belt, as well as the former Golden Star
Resources' Hwini-Butre deposit at the southern extremity of the Ashanti gold belt.
Today's drilling results include a 5-hole drill-fence pattern (-50
o
) designed to test the south-western
strike-extension of the Boomerang East gold system and down-plunge continuity of the main Lower
Shoot gold zone. With the SW-trending KBDD23519 / 524 / 526 / 527 / 528 drill-fence testing the NE-
plunging gold system over approximately 400 m strike and 225 m down-plunge distances, respectively.
Borehole KBDD23524, corresponding to an expansion drill hole collared at the south-westernmost
extremity of the drill-fence, returned a sandstone (metasedimentary rock)-hosted intercept of 9.0 m
grading 5.27 g/t Au, including 4.5 m at 8.98 g/t Au, from a down-hole depth of 65.5 m; successfully
extending the Footwall Shoot approximately 100 m up-plunge to the southwest. KBDD23524 also
returned a second, broad zone of mineralization straddling the sandstone - diorite rock contact,
extending intermittently over a 52.0 m core-length from a down-hole depth of 120.0 m, including the
following intercepts:
15.4 m grading 1.59 g/t Au, including 7.5 m at 2.01 g/t Au; 9.5 m grading 0.32 g/t
Au; and 8.5 m grading 0.71 g/t Au. With this lower mineralization zone, representing a new gold
occurrence positioned approximately 45 m stratigraphically below (cross-plunge) the above Footwall
Shoot intercept, expanding the strike extent of the Boomerang East gold system approximately 150 m
further to the southwest, to within approximately 60 m of the Boomerang West mineralization zone lying
to the southeast.
Drill-fence holes KBDD23519 / 526 / 527 / 528, corresponding to definition drill holes designed to further
test the down-plunge continuity of the NE-plunging Lower Shoot mineralization zone at the approximate
mid-point between the existing NW-SE drill sections, returned the following mineralized intercept
highlights: 33.0 m grading 1.17 g/t Au, including 19.0 m at 1.76 g/t Au, from a down-hole depth of 7.0 m
in KBDD23519; 53.0 m grading 1.06 g/t Au, including 30.0 m at 1.60 g/t Au, from a down-hole depth of
31.0 m in KBDD23527; and 51.0 m grading 1.31 g/t Au, including 16.5 m at 3.09 g/t Au, from a down-
hole depth of 127.0 m in KBDD23528.
Hole KBDD23522, consisting of a SW-trending (-70
o
) borehole collared approximately 90 m southeast
of the south-western extremity of the above drill-fence, returned a sandstone-hosted mineralized
intercept of 22.0 m grading 1.17 g/t Au, including 15.7 m at 1.50 g/t Au, from a down-hole depth of 194.0
m. With this auriferous intercept successfully establishing the NE-plunging Boomerang West
mineralization zone over an approximately 200 m down-plunge distance, approximately 75 m further
down-plunge than previous drilling.
Expansion drilling (4 holes) targeting the central, south-eastern margin of the multi-shoot Boomerang
East gold system, successfully extended the lateral continuity of the main, shallow SE-dipping, Lower
Shoot mineralization zone across a maximum NW-SE distance of approximately 225 m, approximately
50 m further to the southeast than previous drilling. The NW-trending, steeply inclined (-75
o
) drill holes,
including KBDD22503 / 504 / 505 and KBDD23523, all yielded multiple (2 - 6) mineralized intercepts
corresponding to the Upper Shoot (s), Lower Shoot, and Footwall Shoot, and including the discovery of
two new gold mineralization zones at depth below the Footwall Shoot in KBDD22504. With mineralized
intercept highlights from the present expansion drilling including: 9.0 m grading 1.00 g/t Au, 33.0 m at
0.50 g/t Au, 29.0 m at 0.35 g/t Au and 6.0 m at 1.67 g/t Au from down-hole depths of 40.0 m, 184.0 m,
304.0 m and 357.0 m respectively in KBDD22504; 9.1 m grading 0.75 g/t Au, 10.5 m at 0.71 g/t Au and
41.0 m at 0.72 g/t Au from down-hole depths of 77.0 m, 129.0 m and 294.0 m respectively in
KBDD22505; 47.0 m grading 0.51 g/t Au from a down-hole depth of 210.0 m in KBDD23523; and 20.5
m grading 0.57 g/t Au from a down-hole depth of 232.0 m in KBDD22503.
Updated 3D litho-structural modelling appears to indicate that the Boomerang East gold system
occupies a F2 meso-scale (parasitic) fold hinge structure developed on the north-western limb of the
mineralization-controlling 1
st
-order F2 synclinorium fold. With the mineralization occurring as a NE-
plunging system of stacked, flat-lying to concave-shaped, shallow SE-dipping gold shoots hosted within
folded / strained diorite bodies and/or associated metasedimentary rock - diorite contacts. Drilling to
date has outlined three (3) principal gold shoots, including the Upper Shoot (s), the Lower Shoot, and the
Footwall Shoot, across an approximately 250 m cross-plunge distance. The Lower Shoot, presently the
most prominent mineralization shoot of the Boomerang East gold system, has so far been delineated
from practically surface to a down-plunge depth of approximately 425 m along the fold hinge structure
(approximately 315 m vertical depth from surface), and across an approximately 200 m NW-SE lateral
distance.
The latest expansion drilling results from the south-western extension of the Boomerang East gold
system, including the down-plunge intercept of the Boomerang West zone in KBDD23522, and the
proximity (~60 m) of the new gold mineralization intercept from KBDD23524 to the Boomerang West
zone, strongly suggest that the Boomerang East and Boomerang West resource expansion targets
represent a single, major, multi-shoot gold system extending over approximately 600 m strike and 700 m
down-plunge distances, respectively. The fact that most of the mineralization encountered to date within
the south-western segment of the newly amalgamated Boomerang East / Boomerang West gold system,
including the entirety of the Boomerang West zone mineralization, is hosted within sandstone units, in
place of the typical Zone 2 - Zone 3 MRE diorite-hosted mineralization, opens up considerably more
exploration-prospective terrane within the newly modeled mineralization-controlling 1
st
-order F2
synclinorium fold structure footprint area.
QA/QC
Yves P. Clement, P. Geo, Vice President, Exploration for Xtra-Gold is acting as the Qualified Person in
compliance with National Instrument 43-101 ("NI 43-101") with respect to this announcement.
He has
prepared and or supervised the preparation of the scientific or technical information in this
announcement and confirms compliance with NI 43-101. All samples in this news release were analyzed
by standard fire assay fusion with atomic absorption spectroscopy finish at the ISO 17025:2005
accredited Intertek Minerals Limited's laboratory in Tarkwa, Ghana. Xtra-Gold has implemented a
rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and
analysis of drill core, trench channel, and saw-cut channel samples, the details of which can be viewed
on the Company's website at
www.xtragold.com
.
About Xtra-Gold Resources Corp.
Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt.
The Kibi
Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt,
has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually
all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in
many river valleys throughout the Kibi area.
Xtra-Gold holds 5 Mining Leases totaling approximately 226 sq km (22,600 ha) at the northern extremity
of the Kibi Gold Belt.
The Company's exploration efforts to date have focused on the Kibi Gold Project
located on the Apapam Concession (33.65 sq km), along the eastern flank of the Kibi Gold Belt. The
Kibi Gold Project (Zones 1-3) Mineral Resource Estimate, produced by Xtra-Gold on September 30,
2021, represents the only Mineral Resource ever generated on a lode gold project within the Kibi Gold
Belt. The NI 43-101 Technical Report entitled "Xtra-Gold Resources Corporation Kibi Gold Project",
jointly prepared by Pivot Mining Consultants (Pty) and Tect Geological Consulting, and dated November
16, 2021, is filed under the Company's profile on SEDAR at
www.sedar.com
.
Forward-Looking Statements
The TSX does not accept responsibility for the adequacy or accuracy of this release. No stock
exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein. This news release includes certain "forward-looking statements." These
statements are based on information currently available to the Company and the Company provides no
assurance that actual results will meet
management's expectations.
Forward-looking statements include
estimates and statements that describe the Company's future plans, objectives or goals, including words
to the effect that the Company or management expects a stated condition or result to occur.
Forward-
looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates",
"may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions
and address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of exploration, project development,
reclamation and
capital
costs
of
the
Company's mineral
properties, and
the Company's
financial
condition
and
prospects,
could
differ
materially
from
those
currently anticipated
in
such
statements
for
many
reasons
such
as:
changes
in
general
economic conditions and conditions in the financial markets;
changes in demand and prices for minerals; litigation,
legislative,
environmental
and
other
judicial,
regulatory,
political
and
competitive developments; technological and operational
difficulties
encountered
in
connection
with
the activities
of
the Company; and other matters discussed in this news
release.
This list is not exhaustive of the factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered carefully, and readers should not place undue
reliance on the Company's forward-looking statements. The Company does not undertake to update any
forward-looking statement that may be made from time to time by the Company or on its behalf, except
in accordance with applicable securities laws.
Cautionary Note to United States Investors
This news release has been prepared in accordance with the requirements of the securities laws in
effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated,
all resource and reserve estimates included in this news release have been prepared in accordance with
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian
Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and
Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which
establishes standards for all public disclosure an issuer makes of scientific and technical information
concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the
requirements of the SEC, and mineral resource and reserve information contained herein may not be
comparable to similar information disclosed by U.S. companies. In particular, and without limiting the
generality of the foregoing, the term "resource" does not equate to the term "reserves". Under U.S.
standards, mineralization may not be classified as a "reserve" unless the determination has been made
that the mineralization could be economically and legally produced or extracted at the time the reserve