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The four South TV Tower deposits (Kayali, Yumrudag, Valley and Hilltop) contain multiple ore types and corresponding resource subsets by ore type and cut-off grade, with the breakdown illustrated in Table 2. These resource subsets comprise the South TVT Oxide Gold; South TVT Supergene Copper; and South TVT Au-Cu Porphyry subsets.   The four deposits all lie within a 4 km-long trend, such that separate milling and heap leaching operations, managed as a single operation, would reasonably be expected to accommodate mineralized material from all of the deposits.

 The two North TV Tower deposits contain three ore types and corresponding resource subsets (North TVT Au-Cu Porphyry, North TVT Oxidized Porphyry and North TVT KCD HSE Au-Ag-Cu resource subsets). The two deposits are located within 1.5 km of each other such that it is reasonable to expect that they would be developed using common infrastructure.  However, without further analysis, it is uncertain at this time whether the North TV Tower and South TV Tower deposits would be developed using common infrastructure.

TABLE 1: TV Tower Resource Estimate Summary

TABLE 1 TV Tower Resource Estimate Summary

1Current mineral resource estimate in 2014; details provided in the 2014 Technical Report filed under Liberty Gold’s profile on www.sedar.com
2AuEq for 2021 resource calculated using the following equation: Au g/t + Cu % / 0.6686 x 1.338. The gold equivalent formula was based on the following parameters: Cu price $3.40/lb;,Au $1600/oz, Cu recovery: 87%, Au recovery:65%.
3AuEq calculated in 2014 using a ratio of Au:Ag of $1200:$20 at 75% recovery and Cu at $3.00/lb at 70% recovery.
For more details regarding the resource estimations, see the 2014 and 2021 Technical Reports filed under Liberty Gold’s profile on www.sedar.com.