Ammended NI 43-101 Technical Report on the Biely ... - EMED Mining

EMED Mining - Biely VrchNovember 2010Figure 4Location of the Biely Vrch deposit within the Detva Exploration LicenceIn early 2010, EMED Slovakia submitted the mineral resource estimates for the Biely Vrch golddeposit to the Committee on the Resource Classification at the Ministry of Environment and thesewere approved by the Committee in June 2010.EMED’s Biely Vrch gold deposit, which is located within the Detva Exploration Licence, has beenawarded "exclusive deposit" status by the Slovakian authorities on 22 nd Sept 2010, the first statutorystep of the permitting process (see figure 1). The "exclusive deposit" classification gives priority tothe land being used for mining activities over all other land uses. The next step is to prepare andsubmit for approval the Preliminary Environmental Impact Assessment. EMED Slovakia can thensubmit an application for a Mining Lease.AMC Consultants have completed an updated Scoping Study (AMC, 2010) which is based on anoptimised pit shell containing 27.5 Mt of run-of-mine material averaging about 0.86 g/t gold,containing 756,000 oz of gold, at a waste-to-ore ratio of 0.84:1, with a recovered grade of 0.6 to0.7 g/t gold; to produce about 60,000 oz/y for 10 years.The Biely Vrch deposit has additional exploration potential and it is planned to further evaluate therelatively high-grade core of the deposit, which remains open at depth, once the open-pit mine isdeveloped.Kralova and Slatinske-Lazy Prospects - Detva Exploration Licence areaDuring 2007, EMED discovered two more potential low-grade, bulk-mining-type gold deposits withinthe Detva Exploration Licence – at Kralova and Slatinske-Lazy. Mineralisation at both Kralova andSlatinske Lazy is hosted in a similar suite of rocks to the mineralisation at Biely Vrch.These two deposits both have geochemically anomalous gold values at surface and contain consistentlow-grade gold mineralisation (0.5 g/t to 1.0 g/t gold) over substantial intervals in drill holes.<strong>NI</strong><strong>43</strong> – <strong>101</strong> <strong>Technical</strong> <strong>Report</strong> 12 BEHRE DOLBEARLegal*5650400.1