Monday, March 30, 2009

A future of 13 million organic ounces from current Century properties alone (longer term)

It is only my personal view of the potential of our existing properties on a long-term basis - based on limited available data.

I see the potential of Century reaching 13 million (gold) resource ounces as some point over the next 5 - 10 years, just strictly from our existing properties - this might even be conservative:

1) Lamaque Complex - 9,000,000 ounces

2) Properties beyond Lamaque Complex boundaries - 1,350,000 (conservative estimate)

3) Aumaque Mine - 200,000

4) Sigma II Mine - 200,000 (blind estimate)

5) Carolin - 500,000 (blind estimate)

Century still owns a percentage of Carolin, plus Century maintains the right of first refusal. In addition, Century will be well positioned to take over Module once Carolin gets closer to the production stage.

"Century maintains a right of first refusal on all dispositions of the properties by Module to any but related third parties."

6) Northbelt - 750,000 (conservative estimate)

7) San Juan - 1,000,000

8) Juneau properties - assumed zero for now (until Alaska becomes more mining friendly - favourable agreements in the Kensington tailings case in a couple of months could go a long way with this)

9) Goodchild - assumed zero for now (too early stage)

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