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• <br />• <br />The current Cresson Project was designed as a large open pit operation with a <br />dedicated, double- and triple-lined valley leach facility (VLF), and was initially <br />permitted in 199. Mine construction followed shortly thereafter; first dote <br />bullion was poured in 1995. The mine has since undergone several phases of <br />permitting to allow expansion. Mining is currently projected to continue <br />through 201.2, but investigations are underway that may potentially extend the <br />operating lifetime. Over 190 million tons of crushed ore are now in place in the <br />VLF; the operation's gold production target is approximately 300,000 oz./yr. <br />• <br />Pagc 3 of 4 l <br />