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| The El Limon deposits, the northernmost of the Guerrero Gold Belt skarn gold deposits, are located within the Morelos Norte project and are jointly owned by TeckCominco Ltd. (78.8%) and Goldcorp Inc. (21.2%). |
MINERAL RESOURCES*
Inferred Resources
|
Zone (100%) |
Tonnage
(millions) |
Gold Grade
(g Au/t) |
Contained Gold
(oz) | |
El Limon |
17.3 |
3.0 |
1,600,000 | |
El Limon Sur |
0.9 |
1.94 |
55,000 | |
Los Guajes |
3.0 |
3.5 |
345,000 | |
Los Guajes West |
9.4 |
3.8 |
1,151,000 | |
Total |
30.6 |
3.3 |
3,225,000 |
The Inferred Mineral Resources shown in the above table have been estimated at a cut-off of 0.7 g/t and are contained within a potentially economic pit at a gold price of US$400/ounce.
* All Mineral Reserves and Mineral Resources have been calculated as of 31 December 2005 in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101, or the AusIMM JORC equivalent. All Minerals Resources are exclusive of Mineral Reserves. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. Qualified Persons for the Mineral Reserve and Mineral Resource estimates as defined by the National Instrument 43-101 were James N. Grey, P.Geo., Al Samis, P.Geo., Teck Cominco Ltd.
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