Slide 1: 5th Annual Exploration Update
5th Annual Exploration Update January 29, 2004
Slide 2: Forward Looking Statement
Slide 2 Forward Looking Statement Certain statements set forth in this presentation constitute "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that may cause the actu
Slide 3: Outline
Slide 3 Outline Lupin Ulu Fort Knox George/Goose Lake Birkachan Musselwhite Emanuel Creek Kubaka Porcupine Kettle River Aquarius Gold Hill New Britannia Round Mountain Gurupi Puren Crixas La Coipa Paracatu Blanket Refugio Precious Metals Operations Advanced Exploration/Development Properties
Slide 4: 2003 Achievements
Slide 4 2003 Achievements 1. Replaced reserves at operating mines; 3 3 2. Added additional reserves / resources at advanced projects (Refugio, Pamour, Emanuel Creek, Birkachan, Tsokol, Gold Hill, Puren); 3. Assessed, prioritized and implemented exploration programs at newly acquired assets (Gurupi,
Slide 5: Current Project Pipeline
Slide 5 Current Project Pipeline Exploration Pre-feasibility Feasibility Construction Production Emanuel Creek Refugio Pamour Paracatu Expansion Puren Gold Hill Birkachan PQ Deeps Measured & Indicated Resources Gil Proven & Probable Reserves Tsokol New Acquisition New Discovery Emanuel North Progres
Slide 6: Paracatu Mine, Brazil
Slide 6 Paracatu Mine, Brazil 300000 1 kilometre 8100000 Paracatu Controls Mineral Rights Brazil Surface Access Agreements Pending Paracatu Mine Pit Outline Rio de Janeiro Paracatu Property road Mine Grade Ore Low Grade Ore Brasilia Town of 210km Paracatu
Slide 7: Paracatu Cross Section
Slide 7 Paracatu Cross Section 240° 060° Looking N30°W 900m surface WATER TABLE 700m CURRENT PIT LIMIT (369Mt) SAG EXPANSION Hydrothermally (161Mt) Altered Phyllite Ore Zone 350-400 Mt TARGET 500m Existing drill hole Inferred Mineralization Lower Pyrrhotite Ore Horizon B2 Calha Ore 1000 metres As >2
Slide 8: Crixas Mine, Brazil
Slide 8 Crixas Mine, Brazil Brazil Crixas Crixas Property Property Rio de Janeiro Town of Crixas Forquilha Mina Nova Forquilha Sul Laterite Corpo IV Proterozoic schist Corpo V Mina III Granitic rocks Ultramafic rocks Corpo Sul Felsic metavolcanic rocks Mafic metavolcanic rocks Palmeiras Metasediment
Slide 9: Crixas Cross Section
Slide 9 Crixas Cross Section 284° Zona Superior 104° overburden Looking N14°E Massive Sulphide surface Corpo IV 315° Plunge 6.36/4.5 5.18/3 ist i te h m 4.69/3 sc do l o Mina III Quartz Vein 290° Plunge sc 9.88/4.38 ni 20.56/2.89 + 4.98/4.16 -500m ca ol 6.2/6 792.0/0.5 av et 30.04/1.5 m sic 5.96/12
Slide 10: Crixas – Forquilha Sul
Slide 10 Crixas – Forquilha Sul 3.99/3 Surface Projection 609600E 1.97/3 610000E 2.75/3 8389600N 6.79/8.65 Narrow Plunge 5.77/3 Forquilha barren zone 17° 4.07/3 between shoots 2.26/3 10.44/2.9 As in Mina III 5.56/3.5 3.15/3 3.31/3 7.5/6 1.34/2 3.09/2.2 5.91/2.1 1.50/3 2.27/3 3.28/3 4.19/2 8.75/3 7.5
Slide 11: Gurupi Project, Brazil
Slide 11 Gurupi Project, Brazil 10 kilometres Goldfields S.A. Kinross Holdings Gurupi Property Brazil Cipoeiro Rio de Janeiro Chega Tudo Goldfields sedimentary S.A. Cover Deformed Tonalites Granitic Rocks Volcanic Rocks CVRD Sedimentary Rocks Fault Gold Occurrence
Slide 12: Gurupi – Cipoeiro
Slide 12 Gurupi – Cipoeiro Section 80 - 6 260° 080° Looking N10°W 1.32 / 5 surface 1.20 / 36 saprolite 0.49 / 8 3.23 / 2 1.53 / 14 0.74 / 4 1.89 / 52 7.37 / 2 2.06 / 35 Proposed 3.09 / 27 Pit Outline tonalite 3.66 / 7 Existing drill hole Inferred Mineralization > 1.5 g/t Au 0.4 – 1.5 g/t Au metasedi
Slide 13: Gurupi – Cipoeiro
Slide 13 Gurupi – Cipoeiro Section 110 - 9 290° Looking N20°E 110° KCP255 Planned Proposed projected 1.73/7 60meters Infill Hole Pit Outline saprolite 0.68/10 2.02/50 0.51/11 1.90/19 1.19/41 1.06/26 1.10/16 1.50/26 1.38/16 1.18/16 1.00/10 tonalite Existing drill hole Kinross drill hole Inferred Mine
Slide 14: Gurupi – Chega Tudo
Slide 14 Gurupi – Chega Tudo Section 1400N 225° Looking N45°W 045° Proposed Drill Hole 0.69/ 7 100m 0.67/ 20 saprolite Proposed 0.68/ 11 Pit Outline chlorite 1.19/ 29 meta-arkose schist gabbro 0m Existing drill hole Kinross drill hole Inferred Mineralization > 2.5 g/t Au 0.6 – 2.5 g/t Au dacite 0.2
Slide 15: Gurupi Exploration Targets
Slide 15 Gurupi Exploration Targets Airborne Magnetic Map Of The Central Portion Of The Gurupi Project 9,758,000N 352,000E 368,000E N Sao Jose Leite Cipoeiro Trend Scale High Chega Tudo Trend Low Serrinha 4Km 9,740,000N
Slide 16: La Coipa Mine, Chile
Slide 16 La Coipa Mine, Chile LAS COLORADA CODELCO INDAGUA OPTION LaCoipa MDO PUREN WEST PUREN BECHA NORTE COIPA NORTE CODOCEDO Triassic Formations MARITZA Jurassic Formations Cretaceous Formations POMPEYA Chile Instrusives Dacites CAN CAN Dacite Flows Dacitic Domes LADERA FARALLON FARALLON BAJO CMC
Slide 17: Puren Area Targets
Slide 17 Puren Area Targets Property PUREN DRILLING Boundary Puren PUREN WEST TARGET 2 km CODOCEDO TARGET POMPEYA Cominor TARGET
Slide 18: Puren Prospect, Chile
Slide 18 Puren Prospect, Chile 0.27 / 412 / 70 0.80 / 527 / 146 1.03 / 268 / 176 1.46 / 58 1.41 / 6 / 124 0.34 / 429 / 146 0.89 / 51 / 212 1.68 / 93 / 154 0.81 / 33 / 230 g/t Au / g/t Ag / meters
Slide 19: Puren Long Section
Slide 19 Puren Long Section 0.60 / 180 / 128 1.10 / 7 / 212 1.31 / 187 / 158 2.04 / 10 / 122 1.10 / 186 / 136 0.97 / 3 / 174 0.81 / 528 / 146 0.66 / 44 / 16 0.80 / 4 / 130 g/t Au / g/t Ag / meters
Slide 20: Puren Section 7039405N
Slide 20 Puren Section 7039405N 0.92 / 89 / 144 1.03 / 268 / 176 1.32 / 81 / 178 2.44 / 12 / 48 1.10 / 186 / 136 2.58 / 253 / 136 1.26 / 71 / 166 2.05 / 5 / 62 g/t Au / g/t Ag / meters
Slide 21: Puren Section 7039800N
Slide 21 Puren Section 7039800N 1.73 / 4 / 118 0.91 / 529 / 164 1.04 / 890 / 60 0.60 / 180 / 128 0.34 / 429 / 146 1.68 / 8 / 36 1.05 / 332 / 206 1.14 / 20 / 62 g/t Au / g/t Ag / meters
Slide 22: Cominor Project, La Coipa District
Slide 22 Cominor Project, La Coipa District JOINT VENTURE (50:50) COMINOR AND KINROSS GOLD CORP.
Slide 23: Cominor Puren, Au Geochemistry
Slide 23 Cominor Puren, Au Geochemistry Puren Puren South Codocedo
Slide 24: Cominor Puren, As Geochemistry
Slide 24 Cominor Puren, As Geochemistry Puren Puren South Codocedo
Slide 25: Refugio Mine, Chile
Slide 25 Refugio Mine, Chile Guanaco Compania Minera Maricunga Claims 130 claims for 650 hectares Pancho Deposit P21A 1.02g/116m Verde Volcanic and REEFUGIO Intrusive Complex Refugio Volcanics (undivided) Pancho Diorite & Volcanics Laguna Tuff Mesozoic Rocks Leach Pad Process Chile Plant Verde West
Slide 26: Refugio Pancho Deposit
Slide 26 Refugio Pancho Deposit 69500 E 0 200 400 metres 0.80/78 Pit Outline 2.13/47 54000 N 0.89/84 0.88/126 Pancho Hill El.4550m Mineralized Zone >0.5 g/t Au >1.0 g/t Au 0.75/494 Grade (g/t Au) / Core Length (metres) Proposed Drill Hole (13)
Slide 27: Pancho Deposit Section 5NE
Slide 27 Pancho Deposit Section 5NE 218° 038° 0 50 metres 100 Pit Outline 4400m 1.17/150 1.79/60 0.87/60 4300m 0.90/180 1.19/218 1.12/38 0.78/82 0.92/102 4200m 0.88/126 1.07/269 0.96/231 OPEN 1.01/71 4100m OPEN OPEN 1.07/269 Intersection (g/t Au) / Core Length (metres) Previous Drilling Mineralized
Slide 28: Refugio Guanaco Prospect
Slide 28 Refugio Guanaco Prospect Intersection (g/t Au) 1.02 / 116 Core Length (metres) Previous Drilling outcrop Recent Drilling Proposed Drill Hole 1.02 / 116 Soil Geochem Anomaly Stockwork Diorite Porphyry Zone outcrop Volcanic Cap Drill road 0 100 m
Slide 29: Kubaka District, Russia
Slide 29 Kubaka District, Russia Kedon 25 kilometres River Kubaka Area Tummanny Yuny Zakharenko 64°N Magadan Russian Federation Birkachan Magnitny Kubaka Yolochka Omolon River Oroch 133°E
Slide 30: Kubaka Mine, Russia
Slide 30 Kubaka Mine, Russia 1 kilometre Vein Kubaka Open Pit Mine Overburden 614m Level Adit Stockpiles Underground Mine Kubaka River bas elin e Veins Mill, Shops Administration Tailings Pond Tsokol Zone And Drilled Area Kubaka Project Area
Slide 31: Tsokol Longitudinal
Slide 31 Tsokol Longitudinal Orebody 11 looking northeast NW SE 600m 19.0/7.3 alluvium Korbashale 34.9/4.4 35.1/5.4 400m 20.0/10.1 28.9/7.2 OPEN 33.2/6.9 dacite tuff >200 (gxm) Au 100 - 200 (gxm) Au faults 50 - 100 (gxm) Au 2003 Drill Holes 29.2/2.1 20 - 50 (gxm) Au Proposed Drill Holes 200 metres 1
Slide 32: Tsokol Longitudinal
Slide 32 Tsokol Longitudinal Orebody 12 looking northeast NW SE 600m 56.9/2.7 383.8/0.4 25.0/10.1 alluvium 25.9/7.4 Korbashale 23.8/3.5 15.1/6.9 dacite tuff OPEN 400m rhyolite rhyodacite >200 (gxm) Au 100 - 200 (gxm) Au faults 50 - 100 (gxm) Au 2003 Drill Holes 20 - 50 (gxm) Au 200 metres 10 - 20 (g
Slide 33: Birkachan Location, Russia
Slide 33 Birkachan Location, Russia Birkachan 540000E 4 kilometres Birkachan River Munugudzhak Omolon River River Winter Road Quaternary 71500000N Permian-Triassic, siltstone and carbonates Carboniferous, shales Devonian, rhyolites and dacites Archean, gneisses Cretaceous, granites and syenites Kuba
Slide 34: Birkachan Longitudinal
Slide 34 Birkachan Longitudinal 240° 43.0/5.9 Proposed Pit 92.0, 72.2/3.3 60° 31.3/23.3 27.4, 55.2/3.7 88.3, 44.7/2.5 600m Zone 6 23.2/15.1 33.7/9.8 8.0/16.3 400m 33.7/4.1 57.0/12.1 Zone 5 40.0, 227.2/3.0 Zone 2 37.3, 972.5/1.8 55.3, 57.9/3.0 >200 (gxm) Au 100 - 200 (gxm) Au 52.7, 300.3/3.1 200m 147
Slide 35: Birkachan District
Birkachan District Slide 35 Gold Prospects Cretaceous granite Vein Skalisty Creek Permian limestone Placer 211.0 Major fault Carboniferous korbashale Grab sample location 149.4 Upper Devonian rhyolite 211.0 g/t Au Upper Mid-Devonian Proposed drill holes 20.5 dacites, ignimbrites Labazny 25.2 54.2 Bi
Slide 36: Oroch Geology Plan
Slide 36 Oroch Geology Plan 500 metres 14.7, 1026.0 Epoch River 4.6, 199.8 / 2.0m 5.3, 170.4 7.3, 1009.4 / 8.0m 1.8, 94.7 3.1, 376.0 / 3.6m Zone 5 Cross Section 5.6, 563.9 / 0.6m Carbonate Quartz Vein Alluvial rubble Sample Location Glacial boulder 11.5, 1218.9 / 0.8m Trench Rhyodacite intrusive Dri
Slide 37: Oroch Cross Section
Slide 37 Oroch Cross Section looking west S N 600m 2.6, 65.7 / 8.3m Overburden Rhyodacite intrusive 9.6, 574.6 / 41.7 Rhyodacite Andesite Fault 550m Zone 5 4.2, 43.3 / 2.6m 3.5, 106.8 / 32.1m 1.8, 50.4 / 5.1m 3.3, 30.1 / 0.7m 0.8, 54.5 / 5.5m 1.2, 17.5 / 3.7m 500m Veinlet Zone 0.8, 14.3 / 12.4m Carb
Slide 38: Timmins, Canada
Slide 38 Timmins, Canada Porcupine JV & Aquarius Targets Ontario Porcupine JV Thunder Bay Hoyle Pond Mine Kinross (100%) Toronto PJV Claim Group Pominex Aquarius Pamour Timmins McIntyre Hollinger Dome Mine
Slide 39: Hoyle Pond Mine, Canada
Slide 39 Hoyle Pond Mine, Canada HP “Deeps” N L 0m 125 m 0 te 85 ys 720 A Vein S UP / LP 60 gi mL 10 un 920 ng Pl ZONE ‘N S2 B1N B Veins & L 0m B1S UP / LP 72 B1 B3 100m Diabase Dikes Porphyry Sediments Ultramafics 2003/4 Targets 720m Level Mafic Volcanics
Slide 40: Hoyle Pond – A Vein
Slide 40 Hoyle Pond 720 – A Vein Longitudinal Section Open to (Looking NW) 420m Level 13.88/0.3m 59.44 / 1.2m ase Diab 50cm QV VG 56.39/1.2m 600m el Ultramafic 43.56/1.2m 47.20/1.2m VG Mafic 50.56 /1.2m VG 30.44 (cut)/1.2m Volcanic 29.09/1.2m 44.35/1.2m VG 720 XC VG VG VG 66.2/0.3m CL VG VG 64.40/0.
Slide 41: Musselwhite Mine, Ontario
Slide 41 Musselwhite Mine, Ontario Weagamow - North Caribou Greenstone Belt Ontario Banded Iron Formation Musselwhite Mine Mineralized Zone Thunder Bay Esker Zone Toronto T-Antiform Deposit y e rt ry West Anticline PQ Deposit p da r o n P ou B
Slide 42: Musselwhite Longitudinal Section
Slide 42 Musselwhite Longitudinal Section ISLAND ESKER PQ APPROX IRON FORMATION > 80gxm FOLD KEEL >60 and <80 gxm >40 and <60 gxm PQ Deeps >20 and <40 gxm <20 gxm
Slide 43: Musselwhite PQ Deeps
Slide 43 Musselwhite PQ Deeps T Antiform See Detail Below A2 Block C Block (Hidden) - Inferred B Block - Inferred A1 Block – Indicated Inf. Indicated Inf. Indicated Inferred
Slide 44: PQ Deeps Section 11400N
Slide 44 PQ Deeps Section 11400N T Antiform – S Zone Existing Development PQD A2 – 03-PQU-006 – 11.3m @ 10.2g/t PQD A2 – 03-PQU-123 – 11.3m @ 7.6g/t PQD A2 – 03-PQU-124 – 10.0m @ 11.1g/t Planned Development for S Zone PQD A1 – 03-PQU-142 – 6.3m @ 5.6g/t PQD A1 – 03-PQU-155 – 21.8m @ 5.2g/t PQD C – 0
Slide 45: PQ Deeps Section 11775N
Slide 45 PQ Deeps Section 11775N T Antiform – S Zone Proposed Exploration Drift PQD A1 – 02-179 – 4.1m @ 1.7g/t PQD A1 – 02-181 – 8.8m @ 9.5g/t PQD A1 – 02-183 – 14.1m @ 4.9g/t PQD B – 02-185 – 10.8m @ 4.7g/t PQD A1 – 02-185 – 40.1m @ 11.1g/t Unknown – 03-PQU-005 – 50.0m @ 7.6g/t
Slide 46: Fort Knox, Alaska Claim Plan
Slide 46 Fort Knox, Alaska Claim Plan
Slide 47: Fort Knox Mine 2004 Targets
Slide 47 Fort Knox Mine 2004 Targets
Slide 48: Fort Knox Mine Section 9100ft E
Slide 48 Fort Knox Mine Section 9100ft E
Slide 49: Fort Knox Mine Section 10300ft E
Slide 49 Fort Knox Mine Section 10300ft E
Slide 50: Fort Knox, Alaska Claim Plan
Slide 50 Fort Knox, Alaska Claim Plan
Slide 51: Kettle River, USA
Slide 51 Kettle River, USA Buckhorn Mt U R.33 E. CANADA D UNITED STATES KETTLE RIVER OPERATIONS Kettle Mine Seattle Spokane K2 Mine & East Veins Curlew WASHINGTON Portland, OR Emanual Creek UD Paleozoic Mesozoic Tertiary Volcanics U D Intrusive U Lamefoot Mine D Key East & West Pits Greenstone Repub
Slide 52: Kettle River Plan View
Slide 52 Kettle River Plan View 0.405 / 100.0 West Zone 0 200 ft Orebody Emanuel Creek Orebody 0.734 / 70.0 0.385 / 56.0 Host Rock is Sanpoil Andesite Emanual Creek 0.973 / 70.0 Orebody or tal P l o K2 Leve 0.534 / 39.5 T 100 0.534 Au OPT for at 2 39.5 FT In Cross Cut 990 Level Workings SCALE 0.298
Slide 53: Kettle River Emanuel North
Slide 53 Kettle River Emanuel North n ope 10.5’ / 0.599 opt EN 11.0’ / 2.905 opt 198.3’ / 0.905 opt open down dip 79.8’ / 0.216 opt open up dip 53.0’ / 0.331 opt A-A’ EC 46800 N 24.2’ / 0.429 opt 53.9’ / 0.312 opt 9.0’ / 0.552 opt 50.1’ / 0.201 opt 22.0’ / 0.264 opt 39.0’ / 0.303 opt 0 400 ft Minera
Slide 54: Kettle River – Emanuel North Cross Section
Slide 54 Kettle River – Emanuel North Cross Section 48 600 FTN A A’ open NB03-14 53.0’ / 0.331 opt Sanpoil Andesite Sinter NB03-11 53.9’ / 0.312 opt Klondike Mountain Fm. NB03-10 Em 24.2’ / 0.429 opt an 0 100 ft ue lN open or th 5300 E Fa ul t
Slide 55: Buckhorn Mountain, USA
Slide 55 Buckhorn Mountain, USA CANADA UNITED STATES BUCKHORN MOUNTAIN Tertiary PROJECT Seattle Spokane Andesite WASHINGTON Portland, OR Marble Cretaceous - Tertiary Skarn – gold bearing Gold Bowl Zone Porphyry Dikes Diorite 5600 N Granodiorite 65.6 Ma 5300 N Permian-Triassic lt F au out Older Andes
Slide 56: Buckhorn Mountain Section 5,300 N
Slide 56 Buckhorn Mountain Section 5,300 N W (Looking North) E 1.10 / 17’ 2.26 / 15.5’ OLDER ANDESITE AND SKARN 1.52 / 20’ Lookou 0.96 / 15’ 0.89 / 10’ 0.48 / 5’ 2.03 / 10’ t 1.42 / 20’ 0.31 / 35’ Fault 0.29 / 35’ 0.19 / 5’ CLASTIC ROCKS 0.28 / 30’ 1.28 / 10’ AND SKARN MARBLE CLASTIC ROCKS 0.35 / 30
Slide 57: Buckhorn Mountain Section 5,600 N
Slide 57 Buckhorn Mountain Section 5,600 N W (Looking North) E 1.21 / 10’ 0.86 / 17’ 0.40 / 20’ 0.50 / 50’ OLDER ANDESITE AND SKARN 0.57 / 15’ 0.82 / 36.5’ 0.57 / 15’ 0.17 / 5’ marble 0.85 / 30’ 0.81 / 11’ 0.45 / 10’ 0.82 / 55’ 0.95 / 35’ 0.29 / 14’ CLASTIC ROCKS 0.12 / 5’ AND SKARN 0.10 / 5’ 0.38 /
Slide 58: Wind River – USA
Slide 58 Wind River – USA CANADA UNITED STATES Longitudinal Section A - A’ Seattle Spokane WASHINGTON WIND RIVER PROJECT Portland, OR Longitudinal Section N - S Andesite Alluvium Au Quartz Vein 0 1000 ft Note : 500 foot Grid
Slide 59: Wind River Long Section
Slide 59 Wind River Long Section 0.468 / 30’ 0.366 / 30’ 0.825 / 33’ (Looking West) 0.38 / 7.7’ 0 400 ft 0.546 / 50’ 0.51 / 16’ 0.35 / 10’ 0.90 / 20’ 0.35 / 10’ 0.351 / 25’ 0.574 / 20’ 0.19 / 14’ 0.64 / 19’ 0.68 / 19.5’ 0.325 / 12.5’ 0.21 / 11’ 0.32 / 11’ 0.27 / 8’ 0.20 / 11’ 0.53 / 17’ 2.22 / 2.5’
Slide 60: Wind River
Slide 60 Wind River Looking N 15 E A 0.900 Au OPT 20ft A' (True Thk) 0.510 Au OPT 16ft (True Thk) 0.351 Au OPT 25ft 0.680 Au OPT 20ft (True Thk) (True Thk) VEIN No. 5 O. 6 VEIN N 0.430 Au OPT 10ft (True Thk) 0 250 ft
Slide 61: Round Mountain, Nevada
Slide 61 Round Mountain, Nevada Manhattan Caldera Trail Canyon Caldera Round Mountain Caldera Mt Jefferson Caldera Moores Creek Caldera GOLD HILL Dry Canyon Caldera DISCOVERY Area of Mutual Interest Shoshone Mtn Granite South Gold Hill Cretaceous Granite ROUND Cretaceous Granite Porphyry MOUNTAIN Je
Slide 62: Gold Hill 2003 Drilling
Slide 62 Gold Hill 2003 Drilling Ore zone >0.006 opt 2003 Drilling Previous Drilling Mt. Jefferson Caldera Gold Hill Deposit A A’ Alluvium Mt. Jefferson Caldera ∗ Margin Fault 1500’
Slide 63: Gold Hill Long Section 136100N
Slide 63 Gold Hill Long Section 136100N A Gold Hill Mine A’ 0.019/220’ Oxide/Sulfide Alluvium >0.006 opt Boundary Outline Sinter 0.012/140’ 0.011/460’ 0.024/135’ Tertiary Rhyolite Rhyolite Tuff Tuff 0.024/215’ 0.024/98’ 0.054/375’ 0.039/665’ Open Rhyolite Intrusive 0.027/430’ Range Front Fault Secti
Slide 64: Gold Hill 2004 Targets
Slide 64 Gold Hill 2004 Targets Ore zone >0.006 opt 2003 Drilling Previous Drilling Mt. Jefferson Caldera Untested Structural Gold Hill Corridors Deposit Open A A’ M-Ace Target Alluvium South Gold Hill (opt) SGH03-13: 25’@0.013 (280-305’) Untested Caldera 10’@0.009 (330-340’) 50’@0.025 (400-450’) Ma
Slide 65: Round Mountain Targets
Slide 65 Round Mountain Targets Ultimate Pit Deep Northwest Round Mountain Caldera Margin Northwest Pit Wall ∗ Faults Current Pit Alluvium Crest South Pit Wall Rhyolite Tuff Potential Pit Paleozoic Sediments Expansion Shoshone Granite 1000’
Slide 66: Round Mountain U/G Longitudinal
Slide 66 Round Mountain U/G Longitudinal N S Existing Pit Shell 0.183/60’ 4.14/10’ 0.172/125’ 0.215/180’ NORTHWEST PITWALL 0.10/360’ 3.26/5’ TARGET SOUTH PITWALL TARGET DEEP NORTHWEST TARGET 0.493/40’ 0.165/100’ 1000’ 0.375/25’ Drill Intercepts - opt Au / feet Looking Northeast
Slide 67: Round Mountain U/G Zone
Slide 67 Round Mountain U/G Zone Ultimate Pit Design Northwest Pit Wall Proposed Decline Proposed Drill Program to drill South Pit Wall out resource on 100’ centers Deep Northwest 500’ Looking North
Slide 68: 2004 Exploration Outlook
Slide 68 2004 Exploration Outlook • $20M Exploration Budget Project Exploration - $6.0M Joint Venture Operations - $5.0M Kinross Operations - $9.0M
Slide 69: Current Project Pipeline
Slide 69 Current Project Pipeline Exploration Pre-feasibility Feasibility Construction Production Emanuel Creek Refugio Pamour Paracatu Expansion Puren Gold Hill Birkachan PQ Deeps Measured & Indicated Resources Gil Proven & Probable Reserves Tsokol New Acquisition New Discovery Emanuel North Progre
Slide 70: 5th Annual Exploration Update
5th Annual Exploration Update January 29, 2004