Disclosure: Copper Equivalent (CuEq) for drill intersections is calculated based on US$ 3.50/lb Cu, US$ 1,700/oz Au, US$ 20/oz Ag and US$ 21/lb Mo, with 80% metallurgical recoveries assumed for all metals* The formula is: CuEq % = Cu % + (0.7122 x Au g/t) + (0.0084 x Ag g/t) + (0.0006 x Mo ppm).

*Since it’s unclear what metals will be the principal products, assuming different recoveries is premature at this stage.  As such an 80% recovery rate is justified at this point in time.

CEM

NS

SMI