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Trelawney is focusing its exploration efforts in Chester Township, Porcupine Mining Division, in central Ontario, with a goal of becoming a new mid-tier gold mining company. [Source: December 2010 MD&A Filing]
The Trelawney Mining and Exploration Inc. website is at www.trelawneyresources.com.
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Trelawney Valuation Blog
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-12-05.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2012-02-03 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$48.70 |
| Average Ore Value per Tonne | US$60.69 |
| Metal Value Leverage (MVL) | 14.52 |
| Market Capitalization as a Percentage of Metal Value | 6.9% |
| Recent Closing Stock Price | C$3.33 [note 1] |
| Fully Diluted Share Count | 174.37 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 0% |
| Percentage In Situ Inferred Resource | 100% |
| Metric | Value on 2012-02-03 |
|---|---|
| Gold Reserves + Resources | 4.92 M oz |
| Average Gold Ore Grade | 1.1 g/t |
| Market Capitalization per oz of Gold In Situ | US$118.82 ( C$118.02 ) |
| Gold Equivalent Ounces Estimate | 4.92 M oz |
| Market Capitalization per oz of Gold Equivalent | US$118.82 ( C$118.02 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count is based on the September, 2011 financials.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | ||
|---|---|---|---|
| Total Counts (reserves + resources) | 4.92 M oz | ||
| Metal Prices in US$ (from 2012-02-03) | $1,725.90 / oz | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $48.70 | ||
| Percentage of Total Metal Value | 100.00% | ||
| Metal Value Percentage Proven + Probable | 0% | ||
| Metal Value Percentage Measured + Indicated | 0% | ||
| Metal Value Percentage Inferred | 100% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|
| Cote Lake | Ontario, Canada | $38.56 ( 79.2% ) | US$55.49 | 3.90 M oz | 0 | 0 | 100% |
| Jerome | Ontario, Canada | $10.14 ( 20.8% ) | US$94.33 | 1.02 M oz | 0 | 0 | 100% |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
The Chester Project is located in Ontario between Sudbury and Timmins just off highway 144. The town of Gogama is 20 km to the northeast. Geologically, the project sits at the southeastern tip of the SWAYZE Archean Greenstone Belt. Trelawney's Chester Project is close to a major regional fault located just to the north of the project which appears to be a southwestern extension of the Cadillac-Larder Lake Fault Zone which runs through the Kirkland Lake area. The Destor Porcupine Fault Zone is a similar fault zone which runs through the gold deposits of the Timmins area. These large regional faults are in close proximity to some of Canada's most productive gold camps with more than 68 Million ounces in the Timmins Camp and 42 million ounces in the Kirkland Lake district. [Source: Chester Township Property webpage (viewed May 2011)]
Latest NI43-101 Report: Technical Report on the Cote Lake Deposit, Chester Property, Ontario, Canada
2011-04-21 (148 pages).
Project Location: Ontario, Canada.
Average Ore Value (all estimate types): US$55.49
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $38.56 | 3.90 M oz | 1.000 g/t | 131.00 M t |
Estimate notes: See Table 17-1 Cote Lake Mineral Resource Estimate - March 4, 2011 on p. 84 of 148
in the April 2011 technical report.
Resource quantities adjusted for ownership percentage of 92.5%.
Cut-off grade 0.3 g/t
Latest NI43-101 Report: TECHNICAL REPORT ON A RESOURCE ESTIMATE ON THE JEROME MINE PROPERTYnada
2011-08-06 (92 pages).
Project Location: Ontario, Canada.
Average Ore Value (all estimate types): US$94.33
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $10.14 | 1.02 M oz | 1.700 g/t | 18.74 M t |
Estimate notes: See p. 10 of 92 in the technical report dated August, 2011.
Cut-off grade 0.3 g/t
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