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RESERVES & RESOURCES

Gofer Mining's proven and probable reserves at March 1, 2020 totaled 5.5 million ounces of gold. Measured, indicated and inferred resources at March 1, 2020 totaled 13.8 million ounces of gold.

Complete mineral reserve and resource data including tonnes, grades and ounces are shown in the tables below.

Gofer Mining Mineral Reserves as of March 1, 2020

Project Proven Mineral Reserves
Probable Mineral Reserves Total Proven and Probable
                   
Gold Tonnes Au In-situ Au Tonnes Au In-situ Au Tonnes Au In-situ Au
  (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000)
Began N/A N/A N/A 2,505 3.68 296 2,505 3.68 296
Berehove N/A N/A N/A 5,660 9.4 1,711 5,660 9.4 1,711
Kvasovo N/A N/A N/A 2,182 8.7 610 2,182 8.7 610
Muzhievo 4,339 9.27 1,293 1,961 9.27 584 6,300 9.27 1,877
Saulyak 2,988 7.94 763 1,211 6.2 241 4,199 7.43 1,004
TOTAL GOLD 7,327 8.60 2,056 13,519 7.45 3,442 20,846 7.7 5,498
                   
Silver Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag
  (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000)
Began 3,011 15.39 1,490 14,004 50.86 22,899 17,015 44.58 24,389
Berehove N/A N/A N/A 5,660 45.18 8,222 5,660 45.18 8,222
Kvasovo N/A N/A N/A 2,182 38.4 2,694 2,182 38.4 2,694
Muzhievo 4,339 41.35 5,768 1,961 41.35 2,607 6,300 41.35 8,375
TOTAL SILVER 7,350 28.37 7,258 23,807 43.95 36,422 31,157 42.38 43,680
                   
Copper Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began 18,498 7.9 1,461 N/A N/A N/A 18,498 7.9 1,461
Borzhava N/A N/A N/A 20,398 6.3 1,285 20,398 6.3 1,285
TOTAL COPPER 18,498 7.9 1,461 20,398 6.3 1,285 38,896 7.1 2,746
                   
Lead Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began N/A N/A N/A 9,600 1.25 120 9,600 1.25 120
Berehove N/A N/A N/A 5,660 1.97 112 5,660 1.97 112
Kvasovo N/A N/A N/A 2,182 2.1 46 2,182 2.1 46
Muzhievo 4,339 1.99 86 1,961 1.99 39 6,300 1.99 125
TOTAL LEAD 4,339 1.99 86 19,403 1.83 317 23,742 1.83 403
                   
Zinc Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began N/A N/A N/A 9,470 3.78 358 9,470 3.78 358
Berehove N/A N/A N/A 5,660 5.16 292 5,660 5.16 292
Kvasovo N/A N/A N/A 2,182 5.04 110 2,182 5.04 110
Muzhievo 4,339 6.98 303 1,961 6.98 137 6,300 6.98 440
TOTAL ZINC 4,339 6.98 303 19,273 5.24 897 23,612 5.24 1,200
                   
Barite Tonnes BaSO4 In-situ BaSO4 Tonnes BaSO4 In-situ BaSO4 Tonnes BaSO4 In-situ BaSO4
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began 2,830 24.44 691 4,497 24.44 1,099 7,327 24.44 1,790
TOTAL BARITE 2,830 24.44 691 4,497 24.44 1,099 7,327 24.44 1,790
                   
Lithium Tonnes Li In-situ LCE Tonnes Li In-situ LCE Tonnes Li In-situ LCE
  (x1000) ppm tonnes (x1000) (x1000) ppm tonnes (x1000) (x1000) ppm tonnes (x1000)
Borzhava 20,319 3.411 369 17,111 3.105 283 37,430 3.272 652
TOTAL LITHIUM 20,319 3.411 369 17,111 3.105 283 37,430 3.272 652
                   
Cadmium Tonnes Cd In-situ Cd Tonnes Cd In-situ Cd Tonnes Cd In-situ Cd
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Borzhava N/A N/A N/A 7,015 0.8 56 7,015 0.8 56
TOTAL CADMIUM N/A N/A N/A 7,015 0.8 56 7,015 0.8 56
                   

Gofer Mining Mineral Resources as of March 1, 2020

Project Measured Resources Indicated Resources Total Measured and Indicated Inferred Resources
                         
Gold Tonnes Au In-situ Au Tonnes Au In-situ Au Tonnes Au In-situ Au Tonnes Au In-situ Au
  (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000)
Began N/A N/A N/A 2,505 3.68 296 2,505 3.68 296 3,376 3.11 338
Berehove N/A N/A N/A 5,660 9.4 1,711 5,660 9.4 1,711 24,240 6.47 5,042
Kvasovo N/A N/A N/A 2,182 8.7 610 2,182 8.7 610 2,858 8.4 772
Muzhievo 4,339 9.27 1,293 1,961 9.27 584 6,300 9.27 1,877 N/A N/A N/A
Saulyak 5,214 5.02 842 1,690 4.79 260 6,904 4.96 1,102 8,666 7.5 2,089
TOTAL GOLD 9,553 7.15 2,135 13,998 7.17 3,461 23,551 7.2 5,596 39,140 6.37 8,241
                         
Silver Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag
  (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000)
Began 3,011 15.39 1,490 14,004 50.86 22,899 17,015 44.58 24,389 1,471 133.26 6,302
Berehove N/A N/A N/A 5,660 45.18 8,222 5,660 45.18 8,222 24,240 36.7 28,602
Kvasovo N/A N/A N/A 2,182 38.4 2,694 2,182 38.4 2,694 2,858 41.3 3,795
Muzhievo 4,339 41.35 5,768 1,961 41.35 2,607 6,300 41.35 8,375 9,590 31 9,558
TOTAL SILVER 7,350 28.37 7,258 23,807 43.95 36,422 31,157 42.38 43,680 38,159 60.57 48,257
                         
Copper Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began 18,498 7.9 1,461 N/A N/A N/A 18,498 7.9 1,461 22,102 9 1,989
Borzhava N/A N/A N/A 24,850 6.4 1,590 24,850 6.4 1,590 23,150 4 926
TOTAL COPPER 18,498 7.9 1,461 24,850 6.4 1,590 43,348 7.15 3,051 45,252 6.5 2,915
                         
Lead Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began N/A N/A N/A 9,600 1.25 120 9,600 1.25 120 N/A N/A N/A
Berehove N/A N/A N/A 5,660 1.97 112 5,660 1.97 112 24,240 1.92 465
Kvasovo N/A N/A N/A 2,182 2.1 46 2,182 2.1 46 2,858 2.16 62
Muzhievo 4,339 1.99 86 1,961 1.99 39 6,300 1.99 125 9,590 1.5 144
TOTAL LEAD 4,339 1.99 86 19,403 1.83 317 23,742 1.83 403 36,688 1.86 671
                         
Zinc Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began N/A N/A N/A 9,470 3.78 358 9,470 3.78 358 N/A N/A N/A
Berehove N/A N/A N/A 5,660 5.16 292 5,660 5.16 292 24,240 5.01 1,214
Kvasovo N/A N/A N/A 2,182 5.04 110 2,182 5.04 110 2,858 5.17 148
Muzhievo 4,339 6.98 303 1,961 6.98 137 6,300 6.98 440 9,590 5 480
TOTAL ZINC 4,339 6.98 303 19,273 5.24 897 23,612 5.24 1,200 36,688 5.06 1,842
                         
Iron Tonnes Fe In-situ Fe Tonnes Fe In-situ Fe Tonnes Fe In-situ Fe Tonnes Fe In-situ Fe
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Isortoq N/A N/A N/A N/A N/A N/A N/A N/A N/A 70,300 29.6 20,809
TOTAL IRON N/A N/A N/A N/A N/A N/A N/A N/A N/A 70,300 29.6 20,809
                         
Barite Tonnes BaSO4 In-situ BaSO4 Tonnes BaSO4 In-situ BaSO4 Tonnes BaSO4 In-situ BaSO4 Tonnes BaSO4 In-situ BaSO4
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began 2,830 24.44 691 4,497 24.44 1,099 7,327 24.44 1,790 N/A N/A N/A
TOTAL BARITE 2,830 24.44 691 4,497 24.44 1,099 7,327 24.44 1,790 N/A N/A N/A
                         
Lithium Tonnes Li In-situ LCE Tonnes Li In-situ LCE Tonnes Li In-situ LCE Tonnes Li In-situ LCE
  (x1000) ppm tonnes (x1000) (x1000) ppm tonnes (x1000) (x1000) ppm tonnes (x1000) (x1000) ppm tonnes (x1000)
Borzhava 25,097 2.808 375 29,951 2.605 415 55,048 2.696 790 31,728 3.1 524
TOTAL LITHIUM 25,097 2.808 375 29,951 2.605 415 55,048 2.696 790 31,728 3.1 524
                         
Cadmium Tonnes Cd In-situ Cd Tonnes Cd In-situ Cd Tonnes Cd In-situ Cd Tonnes Cd In-situ Cd
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Began N/A N/A N/A N/A N/A N/A N/A N/A N/A 357 0.42 1.5
Borzhava N/A N/A N/A 7,015 0.8 56 7,015 0.8 56 14,515 1 145
TOTAL CADMIUM N/A N/A N/A 7,015 0.8 56 7,015 0.8 56 14,872 0.71 147
                         
Titanium Tonnes Ti In-situ Ti Tonnes Ti In-situ Ti Tonnes Ti In-situ Ti Tonnes Ti In-situ Ti
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Isortoq N/A N/A N/A N/A N/A N/A N/A N/A N/A 70,300 10.9 7,663
TOTAL TITANIUM N/A N/A N/A N/A N/A N/A N/A N/A N/A 70,300 10.9 7,663
                         
Vanadium Tonnes V In-situ V Tonnes V In-situ V Tonnes V In-situ V Tonnes V In-situ V
  (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Isortoq N/A N/A N/A N/A N/A N/A N/A N/A N/A 70,300 0.14 101
TOTAL VANADIUM N/A N/A N/A N/A N/A N/A N/A N/A N/A 70,300 0.14 101