GoldMinerPulse.com -- San Anton Resource Corporation:  (NI) 43-101 Metal Valuation Report

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San Anton Resource Corporation (SNN)

Company Web Site: www.sanantonresourcecorp.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-03-02. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-09.

External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-09

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilverCopper
    Cerro del GalloMX$23.91049%51%1.29 M oz    41.23 M oz    96.28 K t    
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-09
Metric / MetalGoldSilverCopper
    Metal Totals1.29 M oz    41.23 M oz    96.28 K t    
    Metal Prices in US$ (from 2010-03-09)$1,120.10 per oz    $17.27 per oz    $3.38830 per lb    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$12.01    $5.92    $5.98    
    Percentage of Total Metal Value50.23%    24.76%    25.01%    
    PP% | MI% | I%0 | 74% | 26%    0 | 47% | 53%    0 | 0 | 100%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-09
    Metal Value per Share (MVpSh)   US$23.91
    Average Ore Value per Tonne   US$20.39
    Metal Value Leverage (MVL)    94.36
    Market Capitalization as % of Metal Value   1.1%
    Recent Stock Price   C$0.26   (TSX/TSXV close on 2010-03-09.)
  Conversion rate used: 1 Cnd$ = 0.974456 US$ )
    Fully Diluted Share Count   120.30 M    ( Fully diluted share count taken from Share Information Web page, visited March 2010. )
    PP% | MI% | I%   0 | 49% | 51%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade   0.284 g/t
    Market Capitalization
    per oz of Gold In Ground
   $23.63   US$  |   24.25   C$
    Gold Eq Oz Estimate   2.57 M oz   ( 1.29 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent
   $11.87   US$  |   12.18   C$
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade   9.1 g/t
    Market Capitalization
    per oz of Silver In Ground
   $0.74   US$  |   0.76   C$
    Silver Eq Oz Estimate   166.53 M oz   ( 41.23 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent
   $0.18   US$  |   0.19   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Cerro del Gallo Resource Reporting    -   SAN ANTON ANNOUNCES US$260M NET CASH FLOW BASE CASE FOR CERRO DEL GALLO GOLD HEAP LEACH/CIL PROJECT

The March 2, 2010 resource update report does not detail any Inferred resources. GoldMinerPulse has retained the Inferred resource reported in the July 2008 NI 43-101 report pending further updates from San Anton. 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of San Anton Resource Corporation is complete pending a final internal review.


Cerro del Gallo    -  ^top^

(NI) 43-101 Report:

Title: Technical Report on the Cerro del Gallo Deposit within the San Antón Property Mexico
Date: 2008-07-31 (130 pages)

Updates: SAN ANTON ANNOUNCES US$260M NET CASH FLOW BASE CASE FOR CERRO DEL GALLO GOLD HEAP LEACH/CIL PROJECT, March 2, 2010 News Release.

Project Location: Guanajuato Hoja, Mexico  /  Mining Region: Sierra Madre Oriental

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$8.84    949.28 K oz     0.660 g/t     69.90 M t    
   Silver$2.81    19.56 M oz     13.600 g/t     69.90 M t    
Estimate notes: See Table 1 in SAN ANTON ANNOUNCES US$260M NET CASH FLOW BASE CASE FOR CERRO DEL GALLO GOLD HEAP LEACH/CIL PROJECT.
Resource quantities adjusted for ownership percentage of 64.0%.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$3.17    340.50 K oz     0.110 g/t     166.00 M t    
   Silver$3.11    21.67 M oz     7.000 g/t     166.00 M t    
   Copper$5.98    96.28 K t       1,000.000 g/t     166.00 M t    
Estimate notes: See Table 3-1 Cerro del Gallo Mineral Resource. on p. 12 of 130 in the (NI) 43-101 dated July 2008.
Resource quantities adjusted for ownership percentage of 58.0%.

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