AuRico Reports 2014 Reserve & Resource Update

Original announcement by tmx on

Company
AuRico Gold Inc.
Ticker
AUQ
Exchange
TSX
Region
Unavailable
Primary commodity
Gold
Secondary commodities
Copper, Silver
Document categories
Resource update
Extracted
2026-09-17 11:52:54 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

AuRico Gold Inc. reported its 2014 year-end reserve and resource update, showing a significant increase in Measured & Indicated and Inferred gold resources, primarily from the Kemess East and Lynn Lake projects. Young-Davidson underground gold reserves increased by 6%, replacing production, while El Chanate reserves decreased by 37%. The estimates are NI 43-101 compliant and signed off by Qualified Persons, but the company notes that the resource information is not comparable to SEC requirements for US investors.

Reasoning: The document reports an annual update to mineral reserves and resources. While overall company-wide gold reserves saw a slight decrease, there was a significant increase in Measured & Indicated and Inferred gold resources, driven by new projects. Young-Davidson underground reserves increased, demonstrating successful replacement of depletion. However, El Chanate reserves decreased substantially. The report is NI 43-101 compliant with QP sign-off, but notes the non-comparability for US SEC standards.

Positive factors

  • Significant increase in M&I and Inferred gold resources, primarily from Kemess East and Lynn Lake
  • Young-Davidson underground gold reserves increased, replacing production
  • QP/CP sign-off and NI 43-101 compliance

Negative factors

  • El Chanate reserves decreased significantly due to mining depletion and slope angle reduction
  • Overall company-wide gold reserves decreased slightly
  • SEC does not recognize Measured, Indicated, and Inferred resource terms, limiting comparability for US investors

Facts used in scoring: 42

Classification and evidence

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides an annual update to the company's mineral reserve and resource estimates as of December 31, 2014.

Evidence · text

“AuRico Reports 2014 Reserve & Resource Update”

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: Measured and Indicated gold resources increased by 64% (1.6 million ounces) and Inferred gold resources increased by 409% (1.9 million ounces).

Evidence · text

“Measured and Indicated gold resources of 4.1 million gold ounces at a grade of 0.84 g/t, an increase of 1.6 million ounces, or 64%”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Chris Bostwick and Jeffrey Volk are named as Qualified Persons responsible for the review and supervision of the estimates.

Evidence · text

“Both Messrs Volk and Bostwick are "Qualified Persons" as defined by National Instrument 43-101.”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: Mineral Reserves and Resources have been classified in accordance with Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") "CIM Definition Standards - For Mineral Resources and Mineral Reserves" adopted by the CIM Council in accordance with the requirements of National Instrument 43-101.

Evidence · text

“classified in accordance with Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") "CIM Definition Standards - For Mineral Resources and Mineral Reserves" adopted by the CIM Council in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101")”

Tonnage Declinenegative

Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: Reserves at the El Chanate mine decreased by 37% due to mining depletion and a reduction in overall slope angles.

Evidence · text

“Reserves decreased by 37% at the El Chanate mine, due to both mining depletion and a reduction in overall slope angles”

SEC Non-Compliantnegative · Story-specific tag

No canonical definition is currently available.

Why it applies: The document explicitly states that Canadian standards differ significantly from SEC requirements, and mineral resource information is not comparable to SEC-disclosed mineral reserves.

Evidence · text

“Canadian standards differ significantly from the requirements of the SEC, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the SEC.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: A current resource fact retains the disclosed cut-off grade

Extracted facts

Stored fact records: 42. Some facts used in scoring do not have a stored record.

Resource Estimates (42)

provenYoung-Davidson · goldTonnes: 2501000Grade: 0.76Grade Unit: g/tContained Metal: 61Contained Unit: kozView all details
Link to this fact

Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
reserve
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:4d730c351466e2e0a227
Deposit or zone
Surface

Resource Data

Category
proven
Tonnes
2501000
Grade
0.76
Grade Unit
g/t
Contained Metal
61
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
gpt

Prior Estimate

Resource Date
2014-12-31
Prior Grade
1.1
Prior Contained Metal
140

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Proven gold reserves at Young-Davidson Surface decreased significantly by 57% from the prior year, indicating a reduction in this specific reserve category.

Negative factors

  • Significant decrease in contained gold ounces compared to prior estimate

Evidence · table

“61”

Context: 2,501

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Grade Declinenegative

Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.76 against 1.1 previously

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 61 against 140 previously

provenYoung-Davidson · goldTonnes: 12499000Grade: 2.83Grade Unit: g/tContained Metal: 1137Contained Unit: kozView all details
Link to this fact

Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
reserve
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:7f7793f70f9a6a22e40e
Deposit or zone
Underground

Resource Data

Category
proven
Tonnes
12499000
Grade
2.83
Grade Unit
g/t
Contained Metal
1137
Contained Unit
koz
Cutoff Grade
1.9
Cutoff Unit
gpt

Prior Estimate

Resource Date
2014-12-31
Prior Grade
2.81
Prior Contained Metal
3556

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Proven gold reserves at Young-Davidson Underground increased by 6% over the prior year, indicating successful replacement of production with a consistent grade profile.

Positive factors

  • Increase in contained gold ounces compared to prior estimate
  • Consistent grade profile

Evidence · table

“1,137”

Context: 12,499

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 1137 against 3556 previously

probableYoung-Davidson · goldTonnes: 30274000Grade: 2.7Grade Unit: g/tContained Metal: 2626Contained Unit: kozView all details
Link to this fact

Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
reserve
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:43d11e003587326175d1
Deposit or zone
Underground

Resource Data

Category
probable
Tonnes
30274000
Grade
2.7
Grade Unit
g/t
Contained Metal
2626
Contained Unit
koz
Cutoff Grade
1.9
Cutoff Unit
gpt

Prior Estimate

Resource Date
2014-12-31
Prior Grade
2.81
Prior Contained Metal
3556

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Probable gold reserves at Young-Davidson Underground contributed to the overall 6% increase in underground reserves, indicating successful replacement of production with a consistent grade profile.

Positive factors

  • Increase in contained gold ounces compared to prior estimate
  • Consistent grade profile

Evidence · table

“2,626”

Context: 30,274

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 2626 against 3556 previously

provenEl Chanate · goldTonnes: 18255000Grade: 0.8Grade Unit: g/tContained Metal: 472Contained Unit: kozView all details
Link to this fact

Identity

Project
El Chanate
Commodity
gold
Region
mexico
Reported Region
Sonora State, Mexico
Ticker
AUQ

Resource scope

Estimate type
reserve
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:7fc77c4bd51505321213

Resource Data

Category
proven
Tonnes
18255000
Grade
0.8
Grade Unit
g/t
Contained Metal
472
Contained Unit
koz
Cutoff Grade
0.15
Cutoff Unit
gpt

Prior Estimate

Resource Date
2014-12-31
Prior Grade
0.7
Prior Contained Metal
1023

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Proven gold reserves at El Chanate decreased by 37% from the prior year, primarily due to mining depletion and a reduction in overall slope angles, despite an increase in reserve grades.

Positive factors

  • Reserve grades increased by 5%

Negative factors

  • Significant decrease in contained gold ounces compared to prior estimate
  • Reduction due to mining depletion and overall slope angles

Evidence · table

“472”

Context: 18,255

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Grade Improvementpositive

Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 0.8 against 0.7 previously

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 472 against 1023 previously

probableEl Chanate · goldTonnes: 8958000Grade: 0.6Grade Unit: g/tContained Metal: 174Contained Unit: kozView all details
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Identity

Project
El Chanate
Commodity
gold
Region
mexico
Reported Region
Sonora State, Mexico
Ticker
AUQ

Resource scope

Estimate type
reserve
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:3b8ec61cea0888f73e86

Resource Data

Category
probable
Tonnes
8958000
Grade
0.6
Grade Unit
g/t
Contained Metal
174
Contained Unit
koz
Cutoff Grade
0.15
Cutoff Unit
gpt

Prior Estimate

Resource Date
2014-12-31
Prior Grade
0.7
Prior Contained Metal
1023

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Probable gold reserves at El Chanate contributed to the overall 37% decrease in reserves, primarily due to mining depletion and a reduction in overall slope angles, despite an increase in reserve grades.

Positive factors

  • Reserve grades increased by 5%

Negative factors

  • Significant decrease in contained gold ounces compared to prior estimate
  • Reduction due to mining depletion and overall slope angles

Evidence · table

“174”

Context: 8,958

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Grade Declinenegative

Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.6 against 0.7 previously

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 174 against 1023 previously

probableKemess Underground · goldTonnes: 100373000Grade: 0.56Grade Unit: g/tContained Metal: 1805Contained Unit: kozView all details
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Identity

Project
Kemess Underground
Commodity
gold
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
reserve
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:b46d4b5e574efd6d33ac

Resource Data

Category
probable
Tonnes
100373000
Grade
0.56
Grade Unit
g/t
Contained Metal
1805
Contained Unit
koz
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31
Prior Grade
0.56
Prior Contained Metal
1805

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Probable gold reserves at Kemess Underground remained unchanged from the prior year, indicating stability but no growth.

Positive factors

  • Reserves remained stable compared to prior estimate

Evidence · table

“1,805”

Context: 100,373

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

probableKemess Underground · copperTonnes: 100373000Grade: 0.28Grade Unit: %Contained Metal: 619151Contained Unit: klbsView all details
Link to this fact

Identity

Project
Kemess Underground
Commodity
copper
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
reserve
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:b46d4b5e574efd6d33ac

Resource Data

Category
probable
Tonnes
100373000
Grade
0.28
Grade Unit
%
Contained Metal
619151
Contained Unit
klbs
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Probable copper reserves at Kemess Underground are substantial, contributing to the project's overall value.

Positive factors

  • Significant copper reserves reported

Evidence · table

“0.28”

Context: 100,373

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

probableKemess Underground · silverTonnes: 100373000Grade: 2Grade Unit: g/tContained Metal: 6608Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess Underground
Commodity
silver
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
reserve
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:b46d4b5e574efd6d33ac

Resource Data

Category
probable
Tonnes
100373000
Grade
2
Grade Unit
g/t
Contained Metal
6608
Contained Unit
koz
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Probable silver reserves at Kemess Underground provide additional value as a byproduct.

Positive factors

  • Significant silver reserves reported as a byproduct

Evidence · table

“2.0”

Context: 100,373

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

measuredYoung-Davidson · goldTonnes: 496000Grade: 1.13Grade Unit: g/tContained Metal: 18Contained Unit: kozView all details
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Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:162d80e318e6ef9c1517
Deposit or zone
Surface

Resource Data

Category
measured
Tonnes
496000
Grade
1.13
Grade Unit
g/t
Contained Metal
18
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Measured gold resources at Young-Davidson Surface contribute to the overall resource base with high confidence.

Positive factors

  • Measured resources provide high confidence

Evidence · table

“18”

Context: 496

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedYoung-Davidson · goldTonnes: 1242000Grade: 1.28Grade Unit: g/tContained Metal: 51Contained Unit: kozView all details
Link to this fact

Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:18175ca86920f097ae4b
Deposit or zone
Surface

Resource Data

Category
indicated
Tonnes
1242000
Grade
1.28
Grade Unit
g/t
Contained Metal
51
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated gold resources at Young-Davidson Surface contribute to the overall resource base with good confidence.

Positive factors

  • Indicated resources provide good confidence

Evidence · table

“51”

Context: 1,242

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

measuredYoung-Davidson · goldTonnes: 7855000Grade: 3.28Grade Unit: g/tContained Metal: 829Contained Unit: kozView all details
Link to this fact

Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:3e9609565b2ce03c089e
Deposit or zone
Underground

Resource Data

Category
measured
Tonnes
7855000
Grade
3.28
Grade Unit
g/t
Contained Metal
829
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: High-grade measured gold resources at Young-Davidson Underground are a significant component of the resource base, providing high confidence for future development.

Positive factors

  • High-grade measured resources provide strong confidence for underground mining

Evidence · table

“829”

Context: 7,855

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedYoung-Davidson · goldTonnes: 6090000Grade: 3.07Grade Unit: g/tContained Metal: 601Contained Unit: kozView all details
Link to this fact

Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:9691a383c6d22ee1c232
Deposit or zone
Underground

Resource Data

Category
indicated
Tonnes
6090000
Grade
3.07
Grade Unit
g/t
Contained Metal
601
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: High-grade indicated gold resources at Young-Davidson Underground are a significant component of the resource base, providing good confidence for future development.

Positive factors

  • High-grade indicated resources provide good confidence for underground mining

Evidence · table

“601”

Context: 6,090

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredYoung-Davidson · goldTonnes: 31000Grade: 0.99Grade Unit: g/tContained Metal: 1Contained Unit: kozView all details
Link to this fact

Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:f432428c35fda6eca03b
Deposit or zone
Surface

Resource Data

Category
inferred
Tonnes
31000
Grade
0.99
Grade Unit
g/t
Contained Metal
1
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Young-Davidson Surface represent early-stage potential but carry high uncertainty.

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“1”

Context: 31

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredYoung-Davidson · goldTonnes: 3608000Grade: 2.76Grade Unit: g/tContained Metal: 320Contained Unit: kozView all details
Link to this fact

Identity

Project
Young-Davidson
Commodity
gold
Region
canada_on
Reported Region
northern Ontario
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:634f35b802c36566c7b4
Deposit or zone
Underground

Resource Data

Category
inferred
Tonnes
3608000
Grade
2.76
Grade Unit
g/t
Contained Metal
320
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Young-Davidson Underground represent early-stage potential but carry high uncertainty.

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“320”

Context: 3,608

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

measuredEl Chanate · goldTonnes: 923000Grade: 0.58Grade Unit: g/tContained Metal: 17Contained Unit: kozView all details
Link to this fact

Identity

Project
El Chanate
Commodity
gold
Region
mexico
Reported Region
Sonora State, Mexico
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:096178f6165412af211c

Resource Data

Category
measured
Tonnes
923000
Grade
0.58
Grade Unit
g/t
Contained Metal
17
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Measured gold resources at El Chanate contribute to the overall resource base with high confidence.

Positive factors

  • Measured resources provide high confidence

Evidence · table

“17”

Context: 923

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedEl Chanate · goldTonnes: 1842000Grade: 0.87Grade Unit: g/tContained Metal: 52Contained Unit: kozView all details
Link to this fact

Identity

Project
El Chanate
Commodity
gold
Region
mexico
Reported Region
Sonora State, Mexico
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:d031d5a7eeccf09ee635

Resource Data

Category
indicated
Tonnes
1842000
Grade
0.87
Grade Unit
g/t
Contained Metal
52
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated gold resources at El Chanate contribute to the overall resource base with good confidence.

Positive factors

  • Indicated resources provide good confidence

Evidence · table

“52”

Context: 1,842

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredEl Chanate · goldTonnes: 184000Grade: 0.38Grade Unit: g/tContained Metal: 2Contained Unit: kozView all details
Link to this fact

Identity

Project
El Chanate
Commodity
gold
Region
mexico
Reported Region
Sonora State, Mexico
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:fc02fb704284b8f7ef82

Resource Data

Category
inferred
Tonnes
184000
Grade
0.38
Grade Unit
g/t
Contained Metal
2
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at El Chanate represent early-stage potential but carry high uncertainty.

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“2”

Context: 184

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKemess Underground · goldTonnes: 65432000Grade: 0.41Grade Unit: g/tContained Metal: 854Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess Underground
Commodity
gold
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ee0299d9face04595339

Resource Data

Category
indicated
Tonnes
65432000
Grade
0.41
Grade Unit
g/t
Contained Metal
854
Contained Unit
koz
Cutoff Grade
13
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated gold resources at Kemess Underground are a substantial part of the company's resource base.

Positive factors

  • Significant indicated gold resources

Evidence · table

“854”

Context: 65,432

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKemess Underground · goldTonnes: 9969000Grade: 0.39Grade Unit: g/tContained Metal: 125Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess Underground
Commodity
gold
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ecaf8f868af722a6fed1

Resource Data

Category
inferred
Tonnes
9969000
Grade
0.39
Grade Unit
g/t
Contained Metal
125
Contained Unit
koz
Cutoff Grade
13
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Kemess Underground represent early-stage potential but carry high uncertainty.

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“125”

Context: 9,969

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKemess East · goldTonnes: 55864000Grade: 0.52Grade Unit: g/tContained Metal: 939Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess East
Commodity
gold
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ca3f4a863cb36d21155c

Resource Data

Category
indicated
Tonnes
55864000
Grade
0.52
Grade Unit
g/t
Contained Metal
939
Contained Unit
koz
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated gold resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program.

Positive factors

  • Significant new indicated gold resources from successful drilling program

Evidence · table

“939”

Context: 55,864

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKemess East · goldTonnes: 117152000Grade: 0.38Grade Unit: g/tContained Metal: 1424Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess East
Commodity
gold
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:637d6c140baa3941087e

Resource Data

Category
inferred
Tonnes
117152000
Grade
0.38
Grade Unit
g/t
Contained Metal
1424
Contained Unit
koz
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program, though they carry high uncertainty.

Positive factors

  • Significant new inferred gold resources from successful drilling program

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“1,424”

Context: 117,152

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

measuredLynn Lake · goldTonnes: 3753000Grade: 1.99Grade Unit: g/tContained Metal: 240Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:0321af77d6ce212ffec7
Deposit or zone
MacLellan
Ownership percent
25 %

Resource Data

Category
measured
Tonnes
3753000
Grade
1.99
Grade Unit
g/t
Contained Metal
240
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Measured gold resources at Lynn Lake (MacLellan) are a new addition from a strategic joint venture, providing high confidence.

Positive factors

  • New measured resources from strategic joint venture

Evidence · table

“240”

Context: 3,753

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedLynn Lake · goldTonnes: 4344000Grade: 1.75Grade Unit: g/tContained Metal: 244Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:2b46cf88be9b4e74529f
Deposit or zone
MacLellan
Ownership percent
25 %

Resource Data

Category
indicated
Tonnes
4344000
Grade
1.75
Grade Unit
g/t
Contained Metal
244
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated gold resources at Lynn Lake (MacLellan) are a new addition from a strategic joint venture, providing good confidence.

Positive factors

  • New indicated resources from strategic joint venture

Evidence · table

“244”

Context: 4,344

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredLynn Lake · goldTonnes: 475000Grade: 2.01Grade Unit: g/tContained Metal: 31Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:3b667bc214d7860c7ee5
Deposit or zone
MacLellan
Ownership percent
25 %

Resource Data

Category
inferred
Tonnes
475000
Grade
2.01
Grade Unit
g/t
Contained Metal
31
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Lynn Lake (MacLellan) are a new addition from a strategic joint venture, though they carry high uncertainty.

Positive factors

  • New inferred resources from strategic joint venture

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“31”

Context: 475

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedLynn Lake · goldTonnes: 1479000Grade: 3.21Grade Unit: g/tContained Metal: 153Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:a42e69eccb0f945cabec
Deposit or zone
Farley Lake
Ownership percent
25 %

Resource Data

Category
indicated
Tonnes
1479000
Grade
3.21
Grade Unit
g/t
Contained Metal
153
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: High-grade indicated gold resources at Lynn Lake (Farley Lake) are a new addition from a strategic joint venture, providing good confidence.

Positive factors

  • New high-grade indicated resources from strategic joint venture

Evidence · table

“153”

Context: 1,479

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredLynn Lake · goldTonnes: 1091000Grade: 2.87Grade Unit: g/tContained Metal: 101Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:e0e2664a485a4c4e5ceb
Deposit or zone
Farley Lake
Ownership percent
25 %

Resource Data

Category
inferred
Tonnes
1091000
Grade
2.87
Grade Unit
g/t
Contained Metal
101
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Lynn Lake (Farley Lake) are a new addition from a strategic joint venture, though they carry high uncertainty.

Positive factors

  • New inferred resources from strategic joint venture

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“101”

Context: 1,091

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedLynn Lake · goldTonnes: 255000Grade: 1.4Grade Unit: g/tContained Metal: 11Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:d2ba2862768abce93de3
Deposit or zone
Burnt Timber
Ownership percent
25 %

Resource Data

Category
indicated
Tonnes
255000
Grade
1.4
Grade Unit
g/t
Contained Metal
11
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated gold resources at Lynn Lake (Burnt Timber) are a new addition from a strategic joint venture, providing good confidence.

Positive factors

  • New indicated resources from strategic joint venture

Evidence · table

“11”

Context: 255

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredLynn Lake · goldTonnes: 5860000Grade: 1.04Grade Unit: g/tContained Metal: 195Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:3b00f92c8d655918f2ba
Deposit or zone
Burnt Timber
Ownership percent
25 %

Resource Data

Category
inferred
Tonnes
5860000
Grade
1.04
Grade Unit
g/t
Contained Metal
195
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Lynn Lake (Burnt Timber) are a new addition from a strategic joint venture, though they carry high uncertainty.

Positive factors

  • New inferred resources from strategic joint venture

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“195”

Context: 5,860

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedLynn Lake · goldTonnes: 246000Grade: 1.16Grade Unit: g/tContained Metal: 9Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:55c1e91d26b2a5ea5e2f
Deposit or zone
Linkwood
Ownership percent
25 %

Resource Data

Category
indicated
Tonnes
246000
Grade
1.16
Grade Unit
g/t
Contained Metal
9
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated gold resources at Lynn Lake (Linkwood) are a new addition from a strategic joint venture, providing good confidence.

Positive factors

  • New indicated resources from strategic joint venture

Evidence · table

“9”

Context: 246

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredLynn Lake · goldTonnes: 5251000Grade: 1.16Grade Unit: g/tContained Metal: 196Contained Unit: kozView all details
Link to this fact

Identity

Project
Lynn Lake
Commodity
gold
Region
canada_mb
Reported Region
northern Manitoba
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:0f13264ee0d518cc623b
Deposit or zone
Linkwood
Ownership percent
25 %

Resource Data

Category
inferred
Tonnes
5251000
Grade
1.16
Grade Unit
g/t
Contained Metal
196
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Lynn Lake (Linkwood) are a new addition from a strategic joint venture, though they carry high uncertainty.

Positive factors

  • New inferred resources from strategic joint venture

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“196”

Context: 5,251

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedOrion · goldTonnes: 554000Grade: 3.66Grade Unit: g/tContained Metal: 65Contained Unit: kozView all details
Link to this fact

Identity

Project
Orion
Commodity
gold
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:767058d6f9f3ffd3b83e
Ownership percent
50 %

Resource Data

Category
indicated
Tonnes
554000
Grade
3.66
Grade Unit
g/t
Contained Metal
65
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: High-grade indicated gold resources at Orion contribute to the overall resource base with good confidence.

Positive factors

  • High-grade indicated resources

Evidence · table

“65”

Context: 554

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredOrion · goldTonnes: 91000Grade: 3.33Grade Unit: g/tContained Metal: 10Contained Unit: kozView all details
Link to this fact

Identity

Project
Orion
Commodity
gold
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:f11302840f57c932a61f
Ownership percent
50 %

Resource Data

Category
inferred
Tonnes
91000
Grade
3.33
Grade Unit
g/t
Contained Metal
10
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred gold resources at Orion represent early-stage potential but carry high uncertainty.

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“10”

Context: 91

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKemess Underground · copperTonnes: 65432000Grade: 0.24Grade Unit: %Contained Metal: 346546Contained Unit: klbsView all details
Link to this fact

Identity

Project
Kemess Underground
Commodity
copper
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ee0299d9face04595339

Resource Data

Category
indicated
Tonnes
65432000
Grade
0.24
Grade Unit
%
Contained Metal
346546
Contained Unit
klbs
Cutoff Grade
13
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated copper resources at Kemess Underground are a substantial part of the company's resource base.

Positive factors

  • Significant indicated copper resources

Evidence · table

“0.24”

Context: 65,432

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKemess Underground · silverTonnes: 65432000Grade: 1.8Grade Unit: g/tContained Metal: 3811Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess Underground
Commodity
silver
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ee0299d9face04595339

Resource Data

Category
indicated
Tonnes
65432000
Grade
1.8
Grade Unit
g/t
Contained Metal
3811
Contained Unit
koz
Cutoff Grade
13
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated silver resources at Kemess Underground provide additional value as a byproduct.

Positive factors

  • Significant indicated silver resources as a byproduct

Evidence · table

“1.8”

Context: 65,432

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKemess Underground · copperTonnes: 9969000Grade: 0.21Grade Unit: %Contained Metal: 46101Contained Unit: klbsView all details
Link to this fact

Identity

Project
Kemess Underground
Commodity
copper
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ecaf8f868af722a6fed1

Resource Data

Category
inferred
Tonnes
9969000
Grade
0.21
Grade Unit
%
Contained Metal
46101
Contained Unit
klbs
Cutoff Grade
13
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred copper resources at Kemess Underground represent early-stage potential but carry high uncertainty.

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“0.21”

Context: 9,969

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKemess Underground · silverTonnes: 9969000Grade: 1.6Grade Unit: g/tContained Metal: 503Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess Underground
Commodity
silver
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ecaf8f868af722a6fed1

Resource Data

Category
inferred
Tonnes
9969000
Grade
1.6
Grade Unit
g/t
Contained Metal
503
Contained Unit
koz
Cutoff Grade
13
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred silver resources at Kemess Underground represent early-stage potential but carry high uncertainty.

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“1.6”

Context: 9,969

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKemess East · copperTonnes: 55864000Grade: 0.41Grade Unit: %Contained Metal: 503663Contained Unit: klbsView all details
Link to this fact

Identity

Project
Kemess East
Commodity
copper
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ca3f4a863cb36d21155c

Resource Data

Category
indicated
Tonnes
55864000
Grade
0.41
Grade Unit
%
Contained Metal
503663
Contained Unit
klbs
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated copper resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program.

Positive factors

  • Significant new indicated copper resources from successful drilling program

Evidence · table

“0.41”

Context: 55,864

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKemess East · silverTonnes: 55864000Grade: 2Grade Unit: g/tContained Metal: 3601Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess East
Commodity
silver
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:ca3f4a863cb36d21155c

Resource Data

Category
indicated
Tonnes
55864000
Grade
2
Grade Unit
g/t
Contained Metal
3601
Contained Unit
koz
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Indicated silver resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program.

Positive factors

  • Significant new indicated silver resources from successful drilling program

Evidence · table

“2.0”

Context: 55,864

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKemess East · copperTonnes: 117152000Grade: 0.34Grade Unit: %Contained Metal: 871407Contained Unit: klbsView all details
Link to this fact

Identity

Project
Kemess East
Commodity
copper
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:637d6c140baa3941087e

Resource Data

Category
inferred
Tonnes
117152000
Grade
0.34
Grade Unit
%
Contained Metal
871407
Contained Unit
klbs
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred copper resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program, though they carry high uncertainty.

Positive factors

  • Significant new inferred copper resources from successful drilling program

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“0.34”

Context: 117,152

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKemess East · silverTonnes: 117152000Grade: 1.8Grade Unit: g/tContained Metal: 6739Contained Unit: kozView all details
Link to this fact

Identity

Project
Kemess East
Commodity
silver
Region
canada_bc
Reported Region
northern British Columbia
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:637d6c140baa3941087e

Resource Data

Category
inferred
Tonnes
117152000
Grade
1.8
Grade Unit
g/t
Contained Metal
6739
Contained Unit
koz
Cutoff Grade
15
Cutoff Unit
NSR

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred silver resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program, though they carry high uncertainty.

Positive factors

  • Significant new inferred silver resources from successful drilling program

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“1.8”

Context: 117,152

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedOrion · silverTonnes: 554000Grade: 309Grade Unit: g/tContained Metal: 5503Contained Unit: kozView all details
Link to this fact

Identity

Project
Orion
Commodity
silver
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:767058d6f9f3ffd3b83e
Ownership percent
50 %

Resource Data

Category
indicated
Tonnes
554000
Grade
309
Grade Unit
g/t
Contained Metal
5503
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: High-grade indicated silver resources at Orion contribute to the overall resource base with good confidence.

Positive factors

  • High-grade indicated silver resources

Evidence · table

“309”

Context: 554

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredOrion · silverTonnes: 91000Grade: 95Grade Unit: g/tContained Metal: 275Contained Unit: kozView all details
Link to this fact

Identity

Project
Orion
Commodity
silver
Ticker
AUQ

Resource scope

Estimate type
resource
Effective date
2014-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chris Bostwick, Jeffrey Volk
Resource group id
resource:f11302840f57c932a61f
Ownership percent
50 %

Resource Data

Category
inferred
Tonnes
91000
Grade
95
Grade Unit
g/t
Contained Metal
275
Contained Unit
koz

Prior Estimate

Resource Date
2014-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2015-02-19T00:00:00.000Z

Reasoning: Inferred silver resources at Orion represent early-stage potential but carry high uncertainty.

Negative factors

  • Inferred resources have high uncertainty

Evidence · table

“95”

Context: 91

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.