AMEX:KBXTSX:KBR
 

VETA MINITAS DEPOSIT

Veta Minitas deposit is associated with a mineralized structure lying 250 metres to the west of the Carmen. The initial resource estimate (November 2004) based on 23 holes drilled on the first 150 metre portion of the structure reported 54,300 gold equivalent ounces of Measured & Indicated and 15,700 gold equivalent ounces of Inferred. A further 33 holes have been drilled since the resource estimate.
 

Veta Minitas Resources

Tonnes

Gold
(g/t)

Silver
(g/t)

Gold Eq*.
(g/t)

Gold
(oz)

Silver
(oz)

Gold Eq*.
(oz)

Measured

701,000

0.63

88

1.80

14,200

1,974,900

40,600

Indicated

176,000

1.03

105

2.42

6,000

591,800

13,700

Measured & Indicated

877,000

0.72

91

1.93

20,200

2,566,700

54,300

Inferred

400,000

0.37

69

1.28

4,500

840,000

15,700

* Gold-equivalent assumes equivalence of 75 units of silver to one unit of gold.
Updated: September 5, 2007

This resource estimate was reviewed and approved by Mr. J.B. Richards, P.Eng. in his capacity as Qualified Person.