Effective date for this Mineral Resource is May 1, 2011
Base Case High Grade Mineral Resource Estimate for the
Carmen, Veta Minitas and Carótare Deposits
(At a 2 g/t Recoverable Gold Equivalent Cut-off Grade)
|
Classification
|
Tonnes (000s)
|
In situ Gold Grade
(g/t)
|
In Situ Silver Grade
(g/t)
|
Contained In Situ Gold
(oz)
|
Contained In Situ Silver
(oz)
|
|
Indicated Carmen
|
4,550
|
3.65
|
151.6
|
534,200
|
22,178,600
|
|
Indicated Veta Minitas
|
42
|
4.08
|
294.1
|
5,500
|
397,200
|
|
Indicated Carótare
|
220
|
3.07
|
58.6
|
21,700
|
414,700
|
|
Total Indicated
|
4,812
|
3.63
|
148.6
|
561,400
|
22,990,500
|
|
Inferred Carmen
|
2,410
|
3.80
|
85.0
|
294,300
|
6,585,600
|
|
Inferred Veta Minitas
|
761
|
4.39
|
186.4
|
107,400
|
4,560,600
|
|
Inferred Carótare
|
210
|
2.91
|
45.7
|
19,600
|
308,300
|
|
Total Inferred
|
3,381
|
3.88
|
105.4
|
421,300
|
11,454,500
|
1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
2. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource. And it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.
3. While all resources are presented at a 2 g/t AuEq cut-off grade, the Carmen AuEq equation uses different metal prices than for Veta Minitas and Carótare.
Base Case Total Mineral Resource Estimate (Inclusive of High Grade) for the
Carmen, Veta Minitas and Carótare Deposits
(At a 0.3 g/t Recoverable Gold Equivalent Cut-off Grade)
|
Classification
|
Tonnes (000s)
|
In Situ Gold Grade
(g/t)
|
In Situ Silver Grade
(g/t)
|
Contained In Situ Gold
(oz)
|
Contained In Situ Silver
(oz)
|
|
M+I Carmen
|
20,290
|
1.06
|
58.7
|
692,800
|
38,281,100
|
|
Indicated Veta Minitas
|
510
|
0.68
|
36.0
|
11,100
|
591,000
|
|
Indicated Carótare
|
2,520
|
0.75
|
16.2
|
60,500
|
1,310,100
|
|
Total Indicated
|
23,320
|
1.02
|
53.6
|
764,400
|
40,182,200
|
|
Inferred Carmen
|
11,260
|
1.03
|
31.2
|
371,800
|
11,277,400
|
|
Inferred Veta Minitas
|
2,700
|
1.37
|
70.9
|
119,200
|
6,153,000
|
|
Inferred Carótare
|
2,620
|
0.63
|
17.1
|
45,400
|
1,234,000
|
|
Total Inferred
|
16,580
|
1.02
|
35.4
|
536,400
|
18,664,400
|
1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
2. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource. And it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.
3. While all resources are presented at a 0.3 g/t AuEq cut-off grade, the Carmen AuEq equation uses different metal prices than for Veta Minitas and Carótare.
The mineral resource estimate presented in the preceding tables was prepared by Gary Giroux, P.Eng., MASc. Mr. Giroux is independent of Kimber as defined by Section 1.5 of NI 43-101.