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MKO – TSX.V
MKO – TSX.V

In-Pit Mineral Resources (open pit) (1) (2)

Zone Classification Cutoff grade AuEq (g/t) Tonnes Au
(g/t)
Au
(ounces)
Ag
(g/t)
Ag (ounces) AuEq (g/t) AuEq (ounces)
OXIDE Indicated 0.75 485,000 6.26 97,700 12.9 200,700 6.40 99,900
Inferred 0.75 313,000 5.05 50,900 9.5 95,600 5.16 51,900
FRESH Indicated 0.75 171,000 9.59 52,700 12.2 67,000 9.77 53,700
Inferred 0.75 567,000 7.74 141,100 10.82 197,700 7.90 144,000
TOTAL Indicated 0.75 656,000 7.13 150,400 12.7 267,700 7.28 153,600
Inferred 0.75 880,000 6.78 192,000 10.4 293,300 6.93 195,900

Out-of-Pit Mineral Resources (underground potential) (1) (2)

Zone Classification Cutoff grade AuEq (g/t) Tonnes Au
(g/t)
Au
(ounces)
Ag
(g/t)
Ag (ounces) AuEq (g/t) AuEq (ounces)
OXIDE Indicated 2.0 9,000 3.36 1,000 5.3 1,500 3.41 1,000
Inferred 2.0 15,000 2.89 1,400 11.8 5,800 3.02 1,500
FRESH Indicated 2.0 13,000 3.57 1,500 6.4 2,700 3.66 1,500
Inferred 2.0 2,172,000 8.51 594,400 13.7 955,200 8.72 608,700
TOTAL Indicated 2.0 22,000 3.48 2,500 5.9 4,200 3.56 2,500
Inferred 2.0 2,187,000 8.47 595,800 13.7 961,000 8.68 610,200
  1. Please refer to slide 2 of the corporate presentation under “Forward-Looking Statements” for notes and disclaimer regarding technical information from the PEA.
     
  2. Effective date of estimate of April 25, 2019. Ag:Au ratio used for oxide mineralization was 92:1, and 67:1 for “fresh” mineralization. For full details on the assumptions used to calculate the above mineral resources please refer to the PEA.

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