AuEq

AcronymDefinition
AuEqGold Equivalent
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TTD126: 0.57 g/t Au, 0.26% Cu, 0.96 g/t Ag (0.94 g/t AuEq) over 1,206 metres from 18 to 1,224 metres
* Mining (open pit) US$1.75/t * Processing US$6.80/t * G&A US$1.50/t * Gold price US$1,500/oz * Silver price US$17.00/oz * Gold process recovery 72% * Silver process recovery 30% * SG 2.50 * Pit slope 50 degrees * Gold Equivalent calculation AuEq = Au g/t + (Ag g/t x 0.1133) * Base case Cut-off grade 0.25 g/tAuEq Geology
The group announced a new mineral resource estimate (MRE) of 1.775mln ounces of AuEq, measured and indicated (M&I) based on the results of 69,000 meters of drilling completed in 2018.
of Toronto in 2008 for the Calcatreu Deposit, prepared in accordance with the Canadian National Instrument 43-101 requirements and set out the current resource, which contains 8m tons at 3.04 g/t AuEq for 780,000 oz in the Indicated category and a further 255,000 oz at 2.32 g/t AuEq in the Inferred category.
An initial NI 43-101-compliant resource comprising the Calandria Sur and La Calandria target areas of 491,000 ounces ('oz') AuEq Indicated and 28,000 oz AuEq Inferred was released July 2011.
Payable metal production climbed 9%yoy to 24.9koz (2018: 22.9koz AuEq).
1) Gold equivalent grades (AuEq) are calculated based on a gold price of US$1200/oz and a silver price of US$22/oz, or 54.55 silver ounces per 1 gold ounce; this does not consider metallurgy recovery factors.
The project is being advanced as a potential high-grade underground mining operation with a current NI43-101 compliant Indicated Resource, at a 3.0 g/t AuEq. Cut off, of 191,000 oz gold and 1,350,000 oz silver plus an Inferred Resource of 530,000 oz gold and 13,470,000 oz silver.
Mining company Gold Resource Corporation (AMEX:GORO) declared on Thursday its preliminary production results of approximately 25,200 ounces precious metal gold equivalent (AuEq) for the third quarter ended 30 September 2011.
A pre-feasibility study of the Mercedes project, located in Sonora, Mexico, has highlighted proven and probable reserves of 2.65mt, grading 7.58 g/t AuEq, containing 645,490 GEO.