Consolidated Mineral Resources for Patagonia Gold Corp
(100% Basis)
| Cap-Oeste (Santa Cruz, AR) – Cube Consulting Dec 2018; 1 and 2 |
| Classification |
Tonnes (k) |
Average Grades (g/t) |
Contained Ounces (k) |
| Gold |
Silver |
Gold Equivalent |
Gold |
Silver |
Gold Equivalent |
| Measured |
3.4 |
2.92 |
46.7 |
3.59 |
0.3 |
5.3 |
0.4 |
| Indicated |
10,554.0 |
2.07 |
63.2 |
2.99 |
704.0 |
21,448.0 |
1,013.0 |
| Meas+Ind |
10,557.4 |
2.07 |
63.2 |
2.99 |
704.3 |
21,453.3 |
1,013.4 |
| Inferred |
4,895.0 |
1.37 |
34.7 |
1.87 |
215.0 |
5,467.0 |
294.0 |
| Calcatreu (Rio Negro, AR) – Cube Consulting Dec 2018; 3 and 4 |
| Classification |
Tonnes (k) |
Average Grades (g/t) |
Contained Ounces (k) |
| Gold |
Silver |
Gold Equivalent |
Gold |
Silver |
Gold Equivalent |
| Measured |
|
|
|
|
|
|
|
| Indicated |
9,841.0 |
2.11 |
19.8 |
2.36 |
669.0 |
6,275.0 |
746.0 |
| Meas+Ind |
9,841.0 |
2.11 |
19.8 |
2.36 |
669.0 |
6,275.0 |
746.0 |
| Inferred |
8,078.0 |
1.34 |
13.1 |
1.50 |
348.0 |
3,399.0 |
390.0 |
| La Manchuria (Santa Cruz, AR) – Micon 2019; 5 and 6 |
| Classification |
Tonnes (k) |
Average Grades (g/t) |
Contained Ounces (k) |
| Gold |
Silver |
Gold Equivalent |
Gold |
Silver |
Gold Equivalent |
| Measured |
|
|
|
|
|
|
|
| Indicated |
474.0 |
2.59 |
129.0 |
3.53 |
39.5 |
1,969.0 |
53.9 |
| Meas+Ind |
474.0 |
2.59 |
129.0 |
3.53 |
39.5 |
1,969.0 |
53.9 |
| Inferred |
1,836.0 |
1.30 |
40.0 |
1.56 |
76.5 |
2,375.0 |
92.4 |
“k” = thousands, “g/t” = grams per tonne
Rounding may affect sums and weighted averages
Mineral resources that are not mineral reserves have not demonstrated economic viability
100% basis; Fomicruz has a 5% interest in all Santa Cruz Province mineral interests.
Cutoff grades and Au Equivalent formulas:
1. Cap Oeste 0.5 g/t AuEq cutoff
2. Cap Oeste AuEq = Au + (Ag * 69.4)
3. Calcatreu 0.5 g/t AuEq cutoff
4. Calcatreu AuEq = Au + (Ag * 81.25)
5. La Manchuria 0.55 AuEq cutoff
6. La Manchuria AuEq = (Au +Ag)/(Au price * 0.32151)
