Wellgreen Project Preliminary Economic Assessment ... - OTCIQ.com

14.2 P REVIOUS E STIMATES
Table 14.15 compares the basic parameters of the historic 2011 estimate with the
current 2012 NI 43-101 compliant resource.
Table 14.16 illustrates the differences in the historic resource estimate with the
current NI 43-101 compliant resource.
Table 14.15 Model Differences
2012 Tetra Tech PEA Model 2011 Tetra Tech Resource Model
Number of Drillholes 702 702
Grade Capping Parrish Analysis Parrish Analysis
East Zone - 4.14% Cu, 2.05 g/t Au,
5.15 g/t Pd, 5.72 g/t Pt
East Zone - 4.14% Cu, 2.05 g/t Au,
5.15 g/t Pd, 5.72 g/t Pt
West Zone - 2.29 g/t Au West Zone - 2.29 g/t Au
Composite Length East Zone - 2.5 m East Zone - 2.5 m
West Zone - 2.5 m West Zone - 2.5 m
Metal Prices US$9.40/lb Ni US$9.52/lb Ni
US$2.96/lb Cu US$2.96/lb Cu
US$15.80/lb Co US$15.78/lb Co
US$1,200/troy oz Au US$1,085/troy oz Au
US$1,938/troy oz Pt US$1,776/troy oz Pt
US$816/troy oz Pd US$689/troy oz Pd
Cut-off Grade 0.2% NiEq 0.4% NiEq
Number of Mineral
Zones
2 2
Block Size 20 x 10 x 20 (4,000 m 3 ) 20 x 10 x 20 (4,000 m 3 )
Resource Summary All blocks above cut-off within
optimized pitshell
All blocks above cut-off
Estimation Method OK with ID and NN validation OK with ID and NN validation
Table 14.16 Model Comparisons
2012 Tetra Tech PEA Model
Tonnes
Prophecy Platinum Corp. 14-31 1193460500-REP-R0001-02
Wellgreen Project Preliminary Economic Assessment,
Yukon, Canada
Ni
(%)
Cu
(%)
Co
(%)
Au
(g/t)
Pt
(g/t)
Indicated Resource @ 0.2% NiEq cut-off 14,423,900 0.68 0.62 0.05 0.51 0.99 0.73
Inferred Resources @ 0.2% NiEq cut-off 446,649,000 0.31 0.25 0.02 0.16 0.38 0.33
2011 Tetra Tech Resource Model
Indicated Resource @ 0.4% NiEq cut-off 14,308,000 0.69 0.62 0.05 0.52 0.99 0.74
Pd
(g/t)
Inferred Resources @ 0.4% NiEq cut-off 289,246,000 0.38 0.35 0.03 0.23 0.53 0.42