text: Resource 
  
  Kingsgate has updated the project resource 
  base to incorporate the recent drilling on the 
  Chimberos project and using the current gold/ 
  silver ratio of 60 (previously 45) for its gold 
  equivalent (AuEq60) and silver equivalent 
  (AgEq60) calculations.The combined Measured, 
  Indicated and Inferred mineral resource for the 
  Nueva Esperanza Project is based on resource 
  block modelling of Arqueros, Chimberos and 
  Teterita, and has been estimated at a cut-off 
  grade of 0.5 grams per tonne (g/t), gold equiva- 
  lent (AuEq60) to be 28.9 million tonnes at 
  0.27 g/t gold and 84 g/t silver. 
  
  This represents about 250,000 ounces of gold 
  and 78.5 million ounces of silver. 
  
  The Measured, Indicated and Inferred resource 
  may be expressed in gold or silver equivalent 
  ounces as: 
  〉〉 Gold equivalent ounces (AuEQ60): 1.6 
  million ounces at 1.7 g/t gold equivalent; and 
  
  〉〉 Silver equivalent ounces (AgEQ60): 93.5 