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Copyright ©2003
 Crew Gold
Corp.


 

Resources

Crew announced in March 2002 an independent resource calculation for the Nalunaq project conducted by SRK Consulting, Toronto. This defined 483,900 tonnes with 25.5 g/t gold in measured and indicated resources, which is equivalent to 396,600 oz contained gold. In addition, 281,300 tonnes with 20.3 g/t of inferred resources were identified in areas immediately adjacent to the developed parts of Nalunaq. The inferred resources exclude drill-indicated structure of the South Vein as well as widely spaced surface sampling of the north face of the Nalunaq Mountain, which was previously included in Crew's internal resource assessment. The significant, additional resource potential in these extensions, however, was recognized by SRK in their report. A resource update, based on the results from the 2002 exploration program, has been commissioned.

Measured & Indicated
Mineral Resources
(M & I)
Over 1.0 meters
Over 1.2 meters
Over 1.5 meters
Ounces Gold
 
tonnes
g/t
tonnes
g/t
tonnes
g/t

Main Vein
(including Stockpiles)
352,100
30.3
414,200
25.8
508,300
20.9
343,700
South Vein
58,000
28.3
69,700
23.6
88,300
18.7
52,900

Total
410,100
30.0
483,900
25.5
596,600
20.6
396,600

Inferred Mineral
Resources
Over 1.0 meters
Over 1.2 meters
Over 1.5 meters
Ounces Gold
 
tonnes
g/t
tonnes
g/t
tonnes
g/t

Main Vein
200,000
24.7
240,100
20.6
326,000
15.9
159,100
South Vein
34,000
22.4
41,200
18.7
52,000
14.8
24,800

Total
234,000
24.4
281,300
20.3
378,000
15.7
183,900

 

         

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