Operations
Reserves & Resources
Table 1: Mineral Reserve and Mineral Resource Statement
Argonaut Gold Inc.
El Castillo Project 43-101 Compliant Mineral Resource Estimate
Argonaut Gold Inc.
El Castillo Project 43-101 Compliant Mineral Resource Estimate
| Category | Tonnage | Au grade(g/t) | Contained Au |
| Proven and Probable | 46,800,000 | 0.50 | 752,327 |
| Measured | 65,400,000 | 0.43 | 904,143 |
| Indicated | 28,900,000 | 0.30 | 278,747 |
| Total M&I | 94,300,000 | .39 | 1,182,889 |
| Inferred | 4,500,000 | .38 | 54,978 |
| Notes:Measure and Indicated resources reported inclusive of proven and probable reserves Base case is 0.15g/tonne Au Metal price used US $625/oz Au Assumed metal recovery based on previous metallurgical studies is 68% Not all tonnage will be recovered in mining, nor will all metal be recovered in milling and processing | |||
