FOREWORD
‘Success in developing a profitable mine depends on many components, some of which can be
‘accurately measured and controlled while others require assessment and judgement in the form of,
Qualitative and quantitative analysis. A Mineral Resource or Mineral Reserve ts in the latter
category, despite the fact that tis the only real asset a mining or exploration company has, Itis the
‘most dificult component of project to estimate and its true quantum is never fly known unt tis
gone. There are numerous examples of mine project investment decisions, made on sound
fengineering and financial information that have turned out to be wrong because the head grade or
reserve tonnage had been incorrectly estimated. This course provides our overview of current Best
Practices and is intended to make better estimates and, hopefuly, contribute to more reliable
decision making
‘The term Best Practices’ implies that @ particular process will deliver an outcome superior to the
results from other methods. Some organizations use ‘Leading’ or ‘Good! instead, but the more
familiar ‘Best'is used o promote a clear understanding of the course objective
‘There are five components to the definition of Best Practices as it relates to resource estimation
work:
1. Superior Results: The use of methods and techniques that have consistently shown results
superior to those achieved by other means. These methods and techniques should be used
{3s benchmarks for which to strive.
2. Checks and Balances: The adoption of proper processes, checks, and testing will deliver
‘outcomes that will identify unforeseen problems and can be executed with a minimum of
complications.
3. Industry confidence: Best Practice guidelines ensure a consistently high quality of work and
tenhance the industry overall by providing investors with a reasonable level of confidence,
4. Be ready to change: There is no practice that is best for everyone ar in every situation, and
no Best Practice will remain Best for very long as people find superior ways of doing things.
5, Enhance not inhibit. Best Practice guidelines should not inhibit orginal thinking or application
‘of new approaches,
{At its most basic, a Mineral Resource comprises estimates of volume, grade, and density. The
process involves ‘data collection, verification, interpretation, validation, and so on. The course
Consists of 12 talks and provides an overview of Best Practices for most stages of an exploration
‘program, from seting up 2 drill program through to discosing resuits in a press release, Relevant
topics include: managing a dil program; optimizing dill hole spacing; sampling and preparation
issues; qualty control and quality assurance; establishing cut-off grades and metal equivalents,
{geological interpretation and modeling; resource estimetion methods and Issues, plus regulatory
issues such as the significance ofthe Qualified Person and general disclosure concerns
RPA Ine
March 2013
RPAAGENDA - Saturday March 2, 2013
START: 9:00am - ROOM: 7188
10:20am-10:40am
12:00pm-1:00pm
2:20pm-2:40pm
END: 4:00pm
Diting
an Biol, RPA
Logging, Sampling, Security: A Quality Perspective
‘Ghats Beauty, Xmen
COFFEE BREAK
‘The Laboratory - Sample Preparation and Analysis
‘renda Caughin, ALS Geochemety
‘Quality Assurance and Quality Contr!
{ynae loom, Anaicl Slitore Li
LUNCH in Room 718A,
‘The Resource Database
David Ross, RPA
Cut-Off Grade Determination
Jason Con RPA
COFFEE BREAK
Basic Guidelines and Principles Underiyng Geologi
Mineral Resource and Mineral Reserve Estimation
Mare tava, Amos Gls ne
| Modeling to Support
Resource Estimation
en Serato, FSS Canada
AGENDA - Sunday March 3, 2013
‘START: 9:00am - ROOM: 7188
10:20am to 10:40am
END: 12:00pm
Geometatiurgy
Karn Olson Hoa JKTech Pty Li and Colorado Schoo of ines
Classification ofa Mineral Resource and Dril Hole Spacing
Bi Rocce, RPA
COFFEE BREAK
Validating and Auciting Mineral Resource Estimates
Uke Evan, RPA
Disclosure Requirements and the QP
(rag Wilde, Ontane Seis Commision,Biographies
‘Charles Beaudry, M-Sc., P.Geo,, gé0.
President and COO
met Ine.
‘Charles Beauaty is @ graduate of Ottawa U (B.Sc) in 1979 and McGill (M.Sc) 1984 in Geology. His
M.Sc, thess focused on geochemisty of Archean volcanic recks near Matagami, Quebec and
highlighted the importance of the Daniel fault in the geology o' the South Flank in the Matagami
‘Camp,
Charles stated his professional career in uranium oxploation and want en to epend 12 years in the
[Abit in exploration for gold and VMS environments fllowed by 5 years in Brazil focused on Sedex
‘and IOCG environments and returning to Canada in 2001 and moving to Toronto to become the
‘Manager of Geochemistry of Noranda.
Charles spent 17 years with Noranda/Faleonbridge/Xstrata and was involved in discoveries in
Matagami Bel Allard deposi), Chibougamau (Tortgny), and several promising discoveries inthe
Carajas, Brazil. After leaving Xstrata in 2008, he worked in consulting fr 8 while and from early
2008 tothe end of 2009 joined lamgold as General Manager New Opportunities. Since the start of
2010 Chars is President and CEO of a junior exploration company called Xmet inc. focused on
{old exploration in areas of wellendowed mining infrastructure. beaudychag@hotmal.com
{an Blakley, P.Geo.
Vice President & General Manager RPA UK
Principal Geologist
lan Blakley is Vice President and General Manager, RPA UK Lid, and is based in London, UK. He
is @ Princoal Geologist with 30 years’ experience in exploration and mining geology.” lan has
‘experiance from grassroots trough to mines exploration, production operations, mineral resources
land reserve estimates as well as strategic senior management backgrounds in various worldwide
‘geological vironments and regions.
Following graduation from the University of Waterloo lan hed a successful two decade career with
Ineo Ltd, progressing from Beat Geologist to Chief Geologist in the Manitoba Operations. As Chief
Geologist, he was responsible for geological activites at three operating mines, long-term mineral
resource and mineral reserve planning, management of diling programs as well 3s staff hiring,
training, ard supervision.
Prior to joining RPA, lan held the positon of Vice President ~ Exploration for Atynalmas Gold Ltd, 2
private company (50% owned by Ivanhoe Mines) exploring and developing world-class gold assets
‘nnorth-eastern Kazakhstan. ian blakley@rpacan.comLynda Bloom, M.Sc.
President
Analytical Solutions Ltd.
After earning a M.Sc. at Queen's University in 1981, Lynda Bloom gained experience as an
‘exploration geochemist planning and interpreting geochemical surveys across Canada, She hes
‘been president of the consulting company Analytical Solutions Lid. since 1985 and has worked
internationally on projects ranging from stream sediment surveys to mine laboratory audits. She is
‘recognized as a world-expert on sampling, assaying and quality control. She has held management
and director postions at several public companies and has a pragmatic perspective of risk and
implementation, She has served as a director of the Prospectore and Developers Association of
Canada since 2005 and has held numerous other volunteer board positions.
nda@explorationgeachem com
Brenda Caughlin, Ph.D.
Vice President, Technical Services
ALS Goochomistry
Brenda Caughlin is responsible for technical oversight of ALS Geochemistry, This includes
methods, instrumentation, quality systems, laboratory information management system and key
client services. She has & degree in Engincering Chemistry from Queen's and a Ph.D. in analytical
spectroscopy from University of British Columbia. Dr. Caughin was insttumental In developing the
integrated laboratory management system (GEMS) and clent interface, Webtrieve, for the ALS
Minerals group. Brenda has an international reputation as a geochemical expert, with over twenty
{ive years of experience in the industry. Brenda Cauahlin@ALSGlobal.com
Graham G. Clow, P. Eng., FCIM
Chairman and Principal Mining Engineer
RPA Ine.
Graham Clow is President and CEO and a Principal Mining Engineer with RPA Ine. Mr. Clow led
recent management buyout of RPA from URS\Scott Wilson and is responsible forall aspects of
the company’s work. For clients, he specializes in due dgence work for mergers, acquisitions, and
financings. He is @ senior mining executive with mare than 38 years’ experience in all aspects of
mine exploration, feesibilly, finance, development, construction, operations, and closure. His
lexperience ranges from the high arctic to the tropics, in base and precious metals end industrial
minerals. Mr. Clow has degrees in Geology and Mining Engineering from Queen's Universit.
‘ataham clowgrpacan com‘Jason J. Cox, P. Eng
Director - Mine Engineering
RPA Inc.
‘Jason Coxis Director — Mining Engineering with RPA. He has more than fifteen years of experience
Inthe mining industry, both in consulting and in operations,
Mt. Cox has operating experience in base metal mining in diverse environments at mines in various
stages of development, from construction and star-up to closure and reclamation. His specialty is
arctic mining within permafrost. Consulting experience includes work on valuations, engneering
studies from scoping to feasibilty, and reporting for securities regulators, with emphasis on project
‘management, mine design, cost estimation, and financial analysis.
Mr. Cox has a B.Sc. Degree in Mining Engineering from Queen's University at Kingston. He is a
registered Professional Engineer in the Provinces of Ontario and Newfoundland & Labrader, and a
‘Member ofthe Canadian institute of Mining, Metallurgy and Petroleum. jason.cox@rpacan.com
Luke Evans, M.Sc., P.Eng.
Principal Geologist and Director, Resource Estimation
RPA Ine,
Luke Evans is Principal Geologist and Director, Resource Estimation with over 30 years of
‘experience including the past 18 years with RPA, Mr. Evans graduated in 198 with a BA.Sc. in
mineral exploration from the University of Toronto and obtained a M.Sc. (Min. Ex) from Queen's
University in 1886. He is registered as a Professional Engineer and Consulting Engineer in
Ontario. He has consulted on a wide range of commodities worldwide. His experience includes.
resource and reserve estimates, reviews, audits, training, geostatistical stusies, valuations. of
mineral properties, due dligence, and other work. He currently supervises the resource estimation
‘and aueit team at RPA. luke evans@rpacan.com
Mare Jutras, M.Sc.A., P-Eng.
Director of tineral Resources
Almos Gold inc.
Mr, Jutras has over 28 years of experience in the field of mineral resource estimation. Prior to joining
‘Alamos Gold ine. in April 2008, Mr. Jutras has spent two years at BCGoH! Corp. as Vice-President
Evaluation and worked at Barrick Gold for a year and at Placer Dome for 18 years as @ senior
{geostatstician. In tis role, he has been involved in developing mineral resource estimates for pre~
feasibilty and feasibilty studies of inlemational projects. He was also involved in the auditing of
mineral resources at various mine operations as well as in the reviewing process of other mineral
properties. At Placer Dome he gained experience in the mineral resource estimation of precious
‘metals such as gold, siver, and the platinum group elements, 26 well a5 of base metals such as
‘copper. In the mig-1990s, Mr. Jutras was successfully involved in the development of the
‘Musselwhite property from an exploration project to a producing mine. From 1985 to 1890, he
Worked for Lae Minerals atthe Doyon gold mine in northern Québee as a geologist, where he gained
‘experience in open pit and underground mining,
Mr, Jutras holds @ Master's degree in geostatistics from the Ecole Polytechnique of Montréal and a
Bachelors degree in geological engineering from the University of Quétee In Chicoutimi. He is a
member in good standings ofthe Association of Professional Engineers and Geoscientste of British
‘Columbia and of the Order of Engineers of Québec. MJutras@alamosgold comKarin Olson Hoal, Ph.D, P.Geo
“IkTech Pty Ltd and Goiorado Schoo! of Mines.
iKarin Olson Hoal is a Research Professor at Colorado School of Mines, Senior Consultant for
‘IkTech Pty, and the North American consultant to AMIRA International for the Geometallurgy
Roadmap. Karin is a geologist with a background in diamonds and quanttatve mineralogy and for
‘the past eight years has been engaged in developing new geomet applications through project-
supported R&D. Her work is focused on integrating mineral characterisation and knowledge of
forebody variabilty with process responses for reducing uncertainty and creating value. Karin
Geveloped and was Director of the Advanced Mineralogy Research Center at Colorado Schoo! of
Mines and she has worked for JKTech, Hazen Research, Rio Tinto Namibia, the University of Cape
‘Town, Asarco and the NY State Geological Survey. She has degrees from St Lawrence University,
‘McGil University, and the University of Massachusetts. k olsonhoal@iktech com.au
William E, Roscoe, Ph.D.,P.Eng.
Chairman and Principal Geologist
RPAInc.
Bil Roscoe is @ Principal Geologist and Chairman Emeritus of RPA Inc., which he co-founded in
4985. Among the services he provides are mineral resource and mineral reserve work and
valuation of mineral properties. He has over 40 years of experience in exploration, mine geology,
‘and consulting
Dr. Rosooe has a B Se. Eng.) from Queen's University and M.Sc. and Ph.D. degrees in Geological
Sciences ffom McGill University. He is registered as a Professional Engineer in Ontario and British
Columbia and has published extensively on valuation of mineral properties, mineral resources and
reserves, and economic geology. wiliam.roscoe@rpacan.com
David Ross, M.Sc., P.Geo.
Principal Geologist
RPA Inc,
David Ross is @ Principal Geologist with more than fitesn years mineral exploration experience in a
variety of commodities and deposit types. His field experience includes grassroots through to dril-
lage in Canada, Indonesia, Mongolia, Chile, and Mexico, Prior to joining RPA in 2008, he worked
for several large-cap and junior mining companies at various stages of the exploration and
development. At RPA, David is focused on mineral resource estimation and modeling, due diigence
reviews and independent NI 43-101 reports, David has a B.Sc. degree in Geology from Carleton
University, Ottawe, and M.Se. degree in Mineral Exploration from Queen's University, Kingston,
Canada. He is registered as a Professional geologist inthe province of Ontario,
david ross@rpacan.comSSSCCSCCCT SSE SS SHCSCHCHSFSTHSESFHSFSGSHGSEGCSCOCOECSTUCSTGCS
Mohan Srivastava, M.Sc.,P.Geo.
Goostatitical Consultant
FSS Canada
Mo Srivastava is a geostatistical consultant with more than 30 years of experience in resource
evaluation. He has a Bachelor's degree in Earth Sciences from MIT, and a Master's degree in
Geostatstics from Stanford University. Mr. Srivastava is one of the feunding partners of the FSS
International group of companies, and manages the FSS Canada office in Toronto, where his work
includes: resourcelreserve estimation for mineral projects, NI 43-101 technical reports, expert
witness advice and testimony, short courses and development of specalized software for resource
‘evaluation and risk assessment. He has authored more than 50 technical articles on geostatistics,
‘and is a co-author of the most widely used introductory textbook on applied geostatistics.
iv fesconsultan
Craig Waldie, M.Sc., P.Geo.
Senior Geologist
Ontario Securities Commission
Craig Wald isa senior geologist with the Ontario Securities Commission and specializes in NI 43-
101 compliance reviews of prospectuses, technical reports and other regulatory flings of mining
companies. Craig worked on the recent revision of NI 43-101 Standards of Disclosure for Mineral
Projects and on CSA Staff Notice 43-307 Mining Technical Reports - Preliminary Economic
‘Assessments.
Prior to joining the Commission in 2006, Craig spent over 20 years inthe mineral exploration and
‘mining industry working domestically and internationally for multinational resource companies and
_38 VP Exploration for several junior mining companies. Craig obtained his B.Sc. in Earth Science
{rom the University of Waterloo and his M.Sc. in Mineral Exploration from Queen's University and is
‘a registered Professional Geoscienlst in Ontario, cwaldie@ose.gov.on.caRPA
Best Practices — Drilling
From the Core Barrel to @ Mineral Resource Esti
Best Practices with Special Emphasis
AGENDA RPA
+ Context or Best Practices in Dang
Types of ring and Aplications.
+ Program Definition & Hole Layout
+ Diamond Oni Contracts
‘Sofety' Environmental Social Impact.
+ Ste Selection and Set-Up.
+ Directional Dring
+ Suneying
+ Other Considerations —Low Grade / Geotechnical lees | Uranium
Explortior
+ End of HoleBest Practices Context for Dri
atime coreuring
Best Practices Context for Driling
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Drill Set-Up RPA
‘rus be eriifed and ol used he program
Directional Drilling <_RPA
Drctional iag as any hole that is ila fit a spec bse
Wes
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+The lop he hole fe te most po
1°Directional Drilling - Hole Design