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Mineral Resources

The current Mineral Resources (refer PEA, 2018) for Pinos are summarised in the table below.

Candelaria Mining Corporation
Pinos Project

A. UNDERGROUND MINERAL RESOURCES
Resource Class Cutoff Grade (g Au/t) Mine Dilution (%) Area Tonnes Above Cutoff Gold Grade (g Au/t) Silver Grade (g Au/t) True Vein Width (m)
Indicated 2.2 10 San José de Peñitas 98,448 3.0 51.3 1.34
San Francisco 52,177 5.0 43.3 1.77
San Carlos de Arandas 19,174 2.6 29.0 2.1
Natividad 5,897 5.8 78.5 1.08
Total Indicated 2.2 10 ALL 175,697 3.64 47.4 1.5
 
Resource Class Cutoff Grade (g Au/t) Mine Dilution (%) Area Tonnes Above Cutoff Gold Grade (g Au/t) Silver Grade (g Au/t) True Vein Width (m)
Inferred 2.2 10 San José de Peñitas 328,770 3.0 51.3 1.34
San Francisco 145,480 5.0 43.3 1.77
San Carlos de Arandas 45,539 2.6 29.0 2.1
Natividad 9,479 5.8 78.5 1.08
Total Indicated 2.2 10 ALL 529,267 3.6 47.7 1.5
 
B. OTHER MINERAL RESOURCES
Resource Class Cutoff Grade (g Au/t) Mine Dilution (%) Area Tonnes Above Cutoff Gold Grade (g Au/t) Silver Grade (g Au/t) True Vein Width (m)
Measured     Candelaria Dumps 85,847 1.6 82.9 0
Total Measured     ALL 85,847 1.6 82.9 0

N.B. UG Mineral Resources only from Cinco Estrellas Trend, independently of ongoing exploration for expansion of mineral resources along San Manuel Vein, San Ramón Trend, Candelaria Trend, La Paz Trend, Fátima Trend, Africano Trend and San Matiás Au Disseminated Target. Grades have 10% Dilution (Cut and Fill Mining)

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