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   |   MAKOF – OTCQX     Last: 0.21     Change: -0.01
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MKO – TSXV     Last: 0.27     Change: -0.01

MAKOF – OTCQX     Last: 0.21     Change: -0.01

Open Pit (1)

Classification Cutoff grade Au (g/t) Tonnes Au (g/t) Au (oz) Ag (g/t) Ag (oz)
Measured Fully Diluted* 114,700 11.78 43,400 17.5 64,700
Indicated Fully Diluted* 196,200 8.25 52,000 15.6 98,500
Measured and Indicated Fully Diluted* 310,900 9.54 95,400 16.3 163,200
Inferred Fully Diluted* 226,700 8.5 62,000 14.1 102,400

* Effectively, all estimated vein material is above cutoff. The fully diluted open pit grade was determined by applying 1.0 m of dilution comprised of a 0.5 m rind both above and below all veins.

Underground (1)

Classification Cutoff grade Au (g/t) Tonnes Au (g/t) Au (oz) Ag (g/t) Ag (oz)
Measured 2.5 500 10.2 100 28.9 400
Indicated 2.5 230,100 11.24 83,100 18.8 140,100
Measured and Indicated 2.5 230,600 11.22 83,200 19 140,500
Inferred 2.5 116,100 8.42 31,400 13.7 51,200

Historical Dumps (1)

Classification Cutoff grade Au (g/t) Tonnes Au (g/t) Au (oz) Ag (g/t) Ag (oz)
Inferred 1.0 78,800 2.95 7,500 6.7 17,000
  1. Effective date of estimate of October 8, 2020. For full details on the assumptions used to calculate the above mineral resources please refer to the Updated Mineral Resource Estimate Press Release.

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