SEGO Resources
Reserve & Resources
Copper Mountain Mine Mineral Reserve Summary (as at January 1, 2021)
The Copper Mountain Mineral Reserve is included in the Copper Mountain Mineral Resource and the effective date of the Mineral Reserve and Mineral Resource is January 1, 2021. A summary of the Mineral Reserve and Mineral Resource is provided below.
NOTE: reserve is in koz (gold and silver) and Moz for resource
Copper Mountain Mine Mineral Reserve | |||||||
---|---|---|---|---|---|---|---|
| Tonnes | Copper | Gold | Silver | Copper | Gold | Silver |
Proven |
|
|
|
|
|
|
|
CMM Pit | 49,233 | 0.31 | 0.08 | 1.54 | 335 | 122 | 2,438 |
CM North Pit | 24,785 | 0.19 | 0.07 | 0.25 | 106 | 52 | 200 |
New Ingerbelle Pit | 59,375 | 0.26 | 0.16 | 0.52 | 335 | 307 | 989 |
Sub-total (Pit) | 133,393 | 0.26 | 0.11 | 0.85 | 776 | 481 | 3,626 |
Stockpile | 52,163 | 0.15 | 0.04 | 0.45 | 177 | 67 | 755 |
Total Proven | 185,556 | 0.23 | 0.09 | 0.73 | 953 | 548 | 4,381 |
Probable |
|
|
|
|
|
|
|
CMM Pit | 94,013 | 0.25 | 0.08 | 1.25 | 518 | 227 | 3,769 |
CM North Pit | 44,665 | 0.20 | 0.07 | 0.34 | 194 | 98 | 484 |
New Ingerbelle Pit | 131,362 | 0.23 | 0.14 | 0.46 | 666 | 608 | 1,974 |
Sub-total (Pit) | 270,040 | 0.23 | 0.11 | 0.71 | 1,378 | 933 | 6,200 |
Stockpile | – | – | – | – | – | – | – |
Total Probable | 270,040 | 0.23 | 0.11 | 0.71 | 1,378 | 933 | 6,200 |
Proven & Probable |
|
|
|
|
|
|
|
CMM Pit | 143,246 | 0.27 | 0.08 | 1.35 | 853 | 349 | 6,207 |
CM North Pit | 69,450 | 0.20 | 0.07 | 0.31 | 300 | 149 | 684 |
New Ingerbelle Pit | 190,737 | 0.24 | 0.15 | 0.48 | 1,001 | 916 | 2,936 |
Sub-total (Pit) | 403,433 | 0.24 | 0.11 | 0.76 | 2,154 | 1,413 | 9,827 |
Stockpile | 52,163 | 0.15 | 0.04 | 0.45 | 177 | 67 | 755 |
Proven & Probable | 455,596 | 0.23 | 0.10 | 0.72 | 2,331 | 1,480 | 10,581 |
- Joint Ore Reserves Committee (JORC) and CIM Definition Standards were followed for Mineral Reserves.
- Mineral Reserves were generated using the January 1, 2021 mining surface.
- Mineral Reserves are reported at a 0.10% Cu cut-off grade.
- Mineral Reserves are reported using long-term copper, gold, and silver prices of $2.75/lb, $1,500/oz, and $18.50/oz, respectively.
- An average CMM copper process recovery at block model domain recovery, gold process recovery of 65%, and silver process recovery of 70% is based on geo-metallurgical domains and actual plant values.
- An average Ingerbelle copper process recovery of 88.5%, gold process recovery of 71%, and silver process recovery of 65% is based on geo-metallurgical domains, historical recoveries, and recent testwork.
- Average bulk density is 2.78 t/m3.
- Stockpile grades are approximations based on grade control results.
- Stockpile tonnes and grade based on production grade process.
Qualified Person
Mr. Stuart Collins, P.E., serves as the Qualified Person as defined by National Instrument 43-101 and is the Qualified Person for information regarding the Copper Mountain mine’s Mineral Reserve. Mr. Collins is mine technical services director at Copper Mountain and has reviewed and approved the Mineral Reserve estimate for the Copper Mountain Mine.
*From Copper Mountain Mining Corporation website March 27, 2022