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Message: ...not counted..

..the way i see it , looking back here to old 43-101 from 01 to 2004 San had defined alot of tons down below C/D shaft area...The recent summer inhouse 43-101 seems to have excluded alot of this tonage, please correct me on this..PS "OLD REPORT:

Howe concludes, based on well-founded historical estimation practices at the Bissett

Mine, that the mine has measured resources of 539,000 tons at a grade of 0.24 ounces

gold per ton and indicated resources of 728,100 tons at a grade of 0.27 ounces gold per

ton for a total of 1,267,100 tons grading 0.26 ounces gold per ton. Inferred resources total

734,700 tons grading 0.31 ounces of gold per ton. All of the above mentioned resources

are situated above the 4630 Level (5,370 feet below the collar of A-Shaft) of the mine in

the D and C-Shaft areas.

Within the measured and indicated resources, Howe concludes that the Bissett Mine

currently has proven reserves of 351,700 tons at a grade of 0.26 ounces gold per ton and

probable reserves of 550,000 tons at a grade of 0.28 ounces gold per ton for a total of

901,800 tons with an average grade of 0.27 ounces gold per ton. In determining this

reserve base Howe has used dilution, cutting and cut-off practices based on over 38 years

of mining on the property. All of these reserves have development drifts on the vein and

all are accessible on levels within the C and D Shaft areas of the mine.

The proven and probable reserve base is sufficient for the first 4.5 years of operation.

Howe believes that it is likely that much of the existing resource base above the lowest

level of the mine can be upgraded to a reserve category, extending the life of the mine to

eight years.........................................................................................................Recent: one well notice from recent report that the C/D area was not included which would have up the 43-101 numbers substantially, notice most numbers were from the new hinge section and not deeps<?

San Gold Rice Lake Project Mineral Resources and Mineral Reserves, as of March 31, 2012

Mineral Resources
Tons Grade Contained
oz/ton (g/tonne) ounces
Rice Lake Mine
Measured Resource 325,514 0.21 (7.24 ) 68,733
Indicated Resource 467,581 0.28 (9.49 ) 129,367
Measured and Indicated 793,095 0.25 (8.56 ) 198,100
Inferred Resource 1,690,997 0.28 (9.55 ) 471,091
Hinge District
Measured Resource 91,377 0.19 (6.51 ) 17,362
Indicated Resource 73,630 0.21 (7.09 ) 15,232
Measured and Indicated 165,007 0.20 (6.77 ) 32,594
Inferred Resource 3,362,500 0.18 (6.16 ) 604,604
007 Deposit
Measured Resource 154,090 0.34 (11.74 ) 52,772
Indicated Resource 367,900 0.22 (7.63 ) 81,882
Measured and Indicated 521,990 0.26 (8.84 ) 134,654
Inferred Resource 5,707,280 0.26 (8.91 ) 1,483,893
Hanging Wall Deposits (Cohiba, Cartwright L13)
Measured Resource 20,622 0.17 (5.86 ) 3,526
Indicated Resource 506,826 0.21 (7.20 ) 106,410
Measured and Indicated 527,448 0.21 (7.15 ) 109,936
Inferred Resource 3,508,880 0.19 (6.64 ) 679,722
Normandy Shear (SG-1, SG-2, SG-3)
Measured Resource - - - -
Indicated Resource 387,300 0.22 (7.70 ) 86,935
Measured and Indicated 387,300 0.22 (7.70 ) 86,935
Inferred Resource 1,132,100 0.23 (7.79 ) 257,236
Total Project
Measured and Indicated 2,395,000 0.23 (8.05 ) 562,000
Inferred 15,402,000 0.23 (7.78 ) 3,497,000
Mineral Reserves
Tons Grade Contained
oz/ton (g/tonne) ounces
Rice Lake Mine
Proven Reserves 82,358 0.20 (6.77 ) 16,261
Probable Reserves 114,173 0.15 (5.16 ) 17,174
Proven and Probable 196,531 0.17 (5.83 ) 33,435
Hinge District
Proven Reserves 117,319 0.15 (5.07 ) 17,362
Probable Reserves 99,469 0.15 (5.25 ) 15,232
Proven and Probable 216,788 0.15 (5.15 ) 32,594
007 Deposit
Proven Reserves 216,183 0.24 (8.37 ) 52,772
Probable Reserves 426,005 0.17 (5.93 ) 73,738
Proven and Probable 642,188 0.20 (6.75 ) 126,510
Hanging Wall Deposits (Cohiba, Cartwright L13)
Proven Reserves 23,507 0.15 (5.14 ) 3,526
Probable Reserves 111,959 0.12 (4.10 ) 13,388
Proven and Probable 135,466 0.12 (4.28 ) 16,914
Normandy Shear (SG-1, SG-2, SG-3)
Proven Reserves - - - -
Probable Reserves - - - -
Proven and Probable - - - -
Total Project
Proven and Probable 1,191,000 0.18 (6.03 ) 209,000
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