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The AuEx Ventures Inc. website is at www.auexventures.com.
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Fronteer (FRG) owns 51% of the Long Canyon project and is the project operator.
Agnico-Eagle has options on 70% of the West Pepuop gold deposit (bankable feasibility study is required by June 17, 2013).
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2010-05-19.
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$24.88 |
| Average Ore Value per Tonne | US$91.37 |
| Metal Value Leverage (MVL) | -no stock price- |
| Market Capitalization as a Percentage of Metal Value | - price unavailable |
| Recent Closing Stock Price | C$ [note 1] |
| Fully Diluted Share Count | 48.14 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 50% |
| Percentage In Situ Inferred Resource | 50% |
| Metric | Value on 2012-02-03 |
|---|---|
| Gold Reserves + Resources | 694.06 K oz |
| Average Gold Ore Grade | 1.6 g/t |
| Market Capitalization per oz of Gold In Situ | US$0.00 ( C$0.00 ) |
| Gold Equivalent Ounces Estimate | 694.06 K oz |
| Market Capitalization per oz of Gold Equivalent | US$0.00 ( C$0.00 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share taken from the AuEx Ventures, Fact Sheet (viewed August 2010).
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) | 694.06 K 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 | $24.88 | ||
| Percentage of Total Metal Value | 100.00% | ||
| Metal Value Percentage Proven + Probable | 0% | ||
| Metal Value Percentage Measured + Indicated | 50% | ||
| Metal Value Percentage Inferred | 50% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|
| Long Canyon | Nevada, USA | $21.51 ( 86.4% ) | US$93.36 | 599.92 K oz | 0 | 55% | 45% |
| West Pepuop | Nevada, USA | $3.38 ( 13.6% ) | US$80.46 | 94.14 K oz | 0 | 20% | 80% |
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
Latest NI43-101 Report: Technical Report on the Long Canyon Project Elko County, Nevada, USA
2009-04-24 (119 pages).
Updates: Fronteer Gold reports new resource estimate for Long Canyon gold deposit, Nevada Wed May 19, 2010 news release.
Project Location: Nevada, USA. View the Fronteer Development Group and AUEX Ventures Long Canyon project on a Google Map.
Average Ore Value (all estimate types): US$93.36
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $11.82 | 329.73 K oz | 1.710 g/t | 12.24 M t |
Estimate notes:
Fronteer Gold reports new resource estimate for Long Canyon gold deposit, Nevada Wed May 19, 2010 news release.
Resource quantities adjusted for ownership percentage of 49.0%.
Cutoff 0.20 g/t. Cutoff
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $9.69 | 270.18 K oz | 1.650 g/t | 10.39 M t |
Estimate notes: See notes for Measured + Indicated.
Resource quantities adjusted for ownership percentage of 49.0%.
cutOffNotes
[Source: NI 43-101 Report, July 15, 2010]
3% [Source: July 2010 NI 43-101 Report, p. 18 of 131.]
Latest NI43-101 Report: NI 43-101 Technical Report on Resources
West Pequop Gold Exploration Project
Nevada, USA
2010-07-15 (131 pages).
Project Location: Nevada, USA. View the West Pequop property on a Google Map.
Average Ore Value (all estimate types): US$80.46
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.69 | 19.29 K oz | 1.630 g/t | 1.23 M t |
Estimate notes: See Table 1: Total In-situ Mineral Resources for West Pequop at 0.3 g/t Au cutoff grade (SRK 2010). on p. 7 of 131 in the NI 43-101 dated July 2010.
Resource quantities adjusted for ownership percentage of 30.0%.
Cutoff grade 0.3 g/t Au.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $2.68 | 74.85 K oz | 1.410 g/t | 5.50 M t |
Estimate notes: See note for Indicated.
Resource quantities adjusted for ownership percentage of 30.0%.
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