|
|
 Mineral Resources and Ore Reserves - Estimate Summary
Mineral Resources – Gold
| Gold deposit |
Drilling (m) |
Tonnes |
Gold grade
(g/t) |
Gold ounce
(oz) |
Cut-off
(g/t) |
Classifi-
cation |
Reporting
method |
Note |
|
| Pampalo |
57 089 |
368 000 |
6,1 |
72 000 |
1,0 |
Measured |
JORC |
1) |
| Pampalo |
673 000 |
4,7 |
101 000 |
1,0 |
Indicated |
JORC |
1) |
| Pampalo |
306 000 |
4,1 |
41 000 |
1,0 |
Inferred |
JORC |
1) |
|
| Pampalo East |
7 008 |
359 000 |
1,6 |
18 500 |
1,0 |
Indicated |
JORC |
1) |
| Pampalo East |
21 000 |
1,5 |
1 000 |
1,0 |
Inferred |
JORC |
1) |
|
| Hosko |
9 660 |
11 000 |
9,7 |
3 400 |
0,5 |
Measured |
JORC |
1) |
| Hosko |
519 000 |
3,7 |
61 600 |
0,5 |
Indicated |
JORC |
1) |
| Hosko |
547 000 |
1,8 |
31 400 |
0,5 |
Inferred |
JORC |
1) |
|
| Rämepuro |
9 929 |
162 000 |
4,3 |
23 000 |
0,5 |
Indicated |
JORC |
1) |
| Rämepuro |
61 000 |
4,1 |
8 000 |
0,5 |
Inferred |
JORC |
1) |
|
| Muurinsuo |
5 216 |
211 000 |
2,7 |
18 000 |
0,5 |
Indicated |
JORC |
1) |
| Muurinsuo |
786 000 |
1,5 |
37 000 |
0,5 |
Inferred |
JORC |
1) |
|
| Kuivisto East |
|
36 586 |
3,2 |
3 741 |
0,5 |
Indicated |
JORC |
2) |
| Kuivisto East |
3 319 |
145 202 |
1,0 |
4 809 |
0,5 |
Inferred |
JORC |
2) |
|
| Kuittila |
2 727 |
275 000 |
2,6 |
22 811 |
|
Inferred |
Historical |
3) |
|
1) Estimated by Runge Limited, Australia
2) Estimated by Maptek KRJA Systems Limited
3) Estimated by Geological Survey of Finland
Ore Reserves – Gold
| Gold deposit |
Classification |
Tonnes |
Gold grade
(g/t) |
Gold
(oz)6) |
Gold
(kg) |
Reporting
Code |
Consultant |
|
| Pampalo |
Proven |
285 000 |
5,6 |
51 587 |
1605 |
JORC |
GEMELL1,3 |
| Pampalo |
Probable |
541 000 |
4,1 |
70 617 |
2196 |
JORC |
GEMELL1,3 |
|
| Stockpile |
Probable |
22 000 |
4,0 |
2 829 |
88 |
JORC |
WAI5 |
|
| Rämepuro |
Probable |
134 214 |
3,9 |
16 699 |
519 |
JORC |
MAPTEK 1,2 |
|
| Hosko |
Proven |
13 041 |
8,5 |
3 547 |
110 |
JORC |
MAPTEK 1,2 |
| Hosko |
Probable |
115 713 |
10,0 |
37 239 |
1158 |
JORC |
MAPTEK 1,2 |
|
| Muurinsuo |
Probable |
66 971 |
3,0 |
6 438 |
200 |
JORC |
MAPTEK 1,4 |
|
| Pampalo East |
Probable |
200 160 |
1,5 |
9 524 |
296 |
JORC |
MAPTEK 1,4 |
|
| Total |
Proven +
Probable |
1 378 099 |
|
198 480 |
6 174 |
|
|
|
1)Used gold price 720 USD/oz
2)Cut-off: 0,5 g/t; 5% Ore loss & 15% dilution
3) Cut-off: 2,5 g/t. Ore losses: drifting 0 %, stoping 5 % and stoping nearby talc chlorite rock 40 %
4)Cut-off: 1,0 g/t; 5% Ore loss & 15% dilution
5)Used gold price 574 USD/oz. Cut-off: 2,5 g/t. Stock Pile top cut 10 g/t Au
6)1 oz = 31,104 g
Mineral Resources – Ilmenite
Ilmenite
deposit |
Cut-off
(%) |
Tonnage
(Mt) |
TiO2
(%) |
Magnetite
(%) |
TiO2
(kt) |
Magnetite
(kt) |
Classifi-
cation |
Reporting
method |
Note |
|
| Koivu |
4 |
32,16 |
7,8 |
5,0 |
2494 |
1617 |
Indicated |
JORC |
1) |
| Koivu |
4 |
29,99 |
6,7 |
4,5 |
1998 |
1358 |
Inferred |
JORC |
1) |
|
| Kaire |
4 |
6,44 |
10,0 |
9,8 |
645 |
630 |
Indicated |
JORC |
1) |
| Kaire |
4 |
0,1 |
7,3 |
7,3 |
8 |
8 |
Inferred |
JORC |
1) |
|
| Perä |
6 |
2,9 |
9,3 |
N/A |
270 |
N/A |
Inferred |
JORC |
2) |
| Perä |
8 |
2,5 |
9,6 |
N/A |
240 |
N/A |
Inferred |
JORC |
2) |
|
| Riutta |
6 |
0,8 |
8,9 |
N/A |
71 |
N/A |
Inferred |
JORC |
2) |
|
| Lyly |
N/A |
1,7 |
15,5 |
12,4 |
N/A |
N/A |
Inferred |
Historical |
3) |
|
1) Estimated by Micon International Ltd, England
2) Estimated by Outokumpu Oyj, Finland
3) Geological Survey of Finland
|
|
