ORE RESERVES




  • The reserves estimated to a cut-off over a minimum depth of 2 metres. In mining operations, measured and indicated resources that are not mineral reserves are considered uneconomic at the price used for reserves estimations, but are deemed to have a reasonable prospect of economic extraction. Calculation using tonnage with grade for contained metal should be rounded to reflect the accuracy of the estimate.
  • The ore is available till the depth of bed rock which is estimated to be around 30 metres. Manual mining has been done by artisanal miners till a depth of 15 metres with good recovery of gold ore .Thousands of pits are dug in a random manner with a spacing of 3 to 5 metres width between pits in the mining area. Gold bearing quartz reefs have beenidentified in the mining area as shown in the report by tecdatum.To arrive at the estimatedquantity core drilling needs to be done toa depth of 100 metres.Hence this area has good potential to develop in to a large scale mine.
  • Gold Technical Information and Quality Control Notes: The mineral resource estimates contained in this report have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). This can be verified by "Qualified Person" responsible for certification.
  • The supervision of the preparation and review of all resource and reserve estimates for MandinGOLD is Dr.Trinadha Raju , D.Eng., Mining Geology. Dr.Raju has worked in the mining industry for more than 20 years, mainly in operations, project development and consulting.
  • He joined MandinGOLD in April 2012 and acquired his knowledge of the Company's operations and projects through site visits, information reviews and ongoing communication and oversight of mine site technical service teams or consultants responsible for resource and reserve modeling and estimation.