Gold Price$US 1289.77
TSX.V: ORG$0.420

Reserves / Resources

Updated Mineral Resource estimates were carried out by independent consultant Nic Johnson of MPR Geological Consultants of Perth, Western Australia using Multiple Indicator Kriging (MIK), and are shown below at various cut off grades.

Galat Sufar South
Cut off Indicated Inferred
Au g/t Mt Au g/t Au koz Mt Au g/t Au koz
0.2 109.0 0.79 2,769 52 0.7 1,170
0.4 72.6 1.04 2,428 30 1.0 965
0.5 60.7 1.16 2,264 25 1.1 884
0.6 50.9 1.27 2,078 20 1.2 772
0.8 36.3 1.51 1,762 14 1.4 630
1.0 26.3 1.74 1,471 10 1.7 547
1.2 19.3 1.97 1,222 7 1.9 428
1.5 12.3 2.33 921 4 2.3 296
Wadi Doum
Cut off Indicated Inferred
Au g/t Mt Au g/t Au koz Mt Au g/t Au koz
0.2 3.31 1.48 158 12.5 0.6 241
0.4 2.42 1.91 149 5.6 1.0 180
0.5 2.15 2.10 145 4.2 1.2 162
0.6 1.94 2.27 142 3.3 1.3 138
0.8 1.60 2.60 134 2.1 1.7 115
1.0 1.36 2.91 127 1.4 2.1 95
1.2 1.17 3.19 120 1.0 2.4 77
1.5 0.96 3.59 111 0.7 3.0 68
Combined
Cut off Indicated Inferred
Au g/t Mt Au g/t Au koz Mt Au g/t Au koz
0.2 112 0.81 2,926 64.5 0.7 1,411
0.4 75.0 1.07 2,576 35.6 1.0 1,145
0.5 62.9 1.19 2,409 29.2 1.1 1,046
0.6 52.8 1.31 2,220 23.3 1.2 910
0.8 37.9 1.56 1,896 16.1 1.4 745
1.0 27.7 1.80 1,599 11.4 1.7 641
1.2 20.5 2.04 1,342 8.0 2.0 505
1.5 13.3 2.42 1,032 4.7 2.4 363

The Mineral Resource has been estimated using the results of 73,579 metres of drilling (5,310m of diamond drilling and 68,269m of reverse circulation drilling, including 250m and 10,062m respectively at Wadi Doum) completed between November 2012 and December 2015.

No Mineral Reserves have as yet been defined for the project. The PEA study (July 2016) was based on a pit design completed by Deswik Europe containing the following resources:

Deposit Indicated Resources Inferred Resources % Indicated
Mt Au g/t Koz Mt Au g/t Koz
Galat Sufar South 23.77 1.44 1,101 2.10 1.27 85.8 92%
Wadi Doum 1.30 2.90 121 0.70 2.21 49.7 65%

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