Kittila has proven and probable gold reserves of almost 4.9 million ounces comprised of 33 million tonnes of ore grading 4.6 grams of gold per tonne, as of December 31, 2010. The deposit remains open for expansion at depth and along strike.
Kittila December 31, 2010 Mineral Reserves and Resources*
|
Gold
(g/tonne) |
Tonnes
(000s) |
Gold Ounces
(000s) |
| Proven Reserves |
|
|
|
| Open Pit |
4.19 |
395 |
53 |
| Underground |
6.00 |
8 |
2 |
| Total Proven Reserves |
4.23 |
403 |
55 |
| Probable Reserves |
| Open Pit |
5.28 |
1,657 |
281 |
| Underground |
4.61 |
30,672 |
4,544 |
| Total Probable Reserves |
4.64 |
32,329 |
4,825 |
| Total Proven & Probable Reserves |
4.64 |
32,732 |
4,880 |
| Indicated Resources |
| Underground |
2.41 |
15,348 |
1,189 |
| Total Indicated Resources |
2.41 |
15,348 |
1,189 |
| Inferred Resources |
| Open Pit |
3.71 |
362 |
43 |
| Underground |
2.44 |
7,958 |
625 |
| Total Inferred Resources |
2.50 |
8,320 |
668 |
*Mineral reserves are not a subset of mineral resources.
Please refer to the company press release dated February 16, 2011 for further details on the mineral reserves and resources. The technical information has been prepared under the supervision of, and reviewed by, Marc Legault P.Eng., Vice-president Project Development, and a “Qualified Person” for the purposes of National Instrument 43-101. The Qualified Person responsible for the Kittila Mine mineral reserves estimate is Daniel Doucet, Ing., Corporate Director of Geology.