The Bell Mountain Project is located southeast of Reno, Nevada in the Fairview mining district, approximately 54 miles (86 kilometres) from Fallon, Nevada. The property consists of 174 unpatented lode claims covering a land package of 1,408 hectares (3,480 acres). In addition, there are six mill site claims that cover an existing water well.

The Bell Mountain database contains 227 drill holes for over 35,000 ft. of drilling with 8,727 assays. Three main bodies of gold-silver mineralization have been defined by drilling. These are the Spurr, Varga and the Sphinx deposits. The primary structural control on the gold-silver mineralization is an east-northeast trending zone of faulting, named the Varga-Spurr fault, which can be traced for more than 6,000 ft. (1.8 km). Additional vein potential exists on the eastern portion of the project at East Ridge, which is 5,250 ft. (1.6 km.) northeast of the Spurr, Varga and the Sphinx deposits.

The resource estimate for the Bell Mountain property is as follows:

  • Total Measured and Indicated resources of 9,762,000 tons grading 0.027 opt gold at cutoff grade of 0.006 opt gold (265,634 ozs equiv. gold); and,
  • Total Inferred resources of 2,046,000 tons grading 0.022 opt gold at cutoff grade of 0.006 opt gold (45,412 ozs equiv. gold)

The above resource estimate is disclosed in the Amended and Restated NI 43-101 Technical Report, by Welsh Hagan Associates (formerly Telesto Nevada,
Inc.) entitled “Amended and Restated NI 43-101 Technical Report for the Bell Mountain Project, Churchill County, Nevada, for Boss Power and Globex Mining Enterprises Inc. and filed on May 6, 2015.

A summary of the mineral resource estimate in the Amended and Restated Technical Report is described below:

All Gold, Silver and Gold-Equivalent Measured and Indicated Resources at Bell Mountain at 0.192 g/t AuEQ Cutoff, Effective Date May 3, 2011






Tonnes
(000s)





Tons
(000s)
GoldSilver

Total Ounces of Gold
Equivalent (oz AuEQ)
Gold
Cutoff
Grade
(g/t)
Average GradeGold
(oz)
Average GradeSilver
(oz)
Ounces of
Silver as
Gold
Equivalent
Gold
(opt)
Gold
(g/t)
Silver
(opt)
Silver
(g/t)
Measured5,9526,5610.1920.0150.531101,5340.48516.623,180,12757,820159,355
Indicated3,8104,1990.1920.0150.51863,4840.56119.222,353,78042,796106,280
Measured + Indicated9,76110,7600.1920.0150.526165,0180.51417.635,533,907100,616265,635
  1. Rounding of tons as required by Form 43-101F1 reporting guidelines results in apparent differences between tons, grade and contained ounces in the mineral resource.
  2. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

All Gold, Silver and Gold-Equivalent Inferred Resources at Bell Mountain at 0.192 g/t AuEQ Cutoff, Effective Date May 3, 2011





Tonnes
(000s)




Tons
(000s)
GoldSilver


Total Ounces of Gold Equivalent (oz AuEQ)
Gold
Cutoff Grade (g/t)
Average GradeGold
(oz)
Average GradeSilver
(oz)
Ounces of
Silver as Gold Equivalent
Gold
(opt)
Gold
(g/t)
Silver
(opt)
Silver
(g/t)
Inferred2,0462,2550.1920.0130.44929,5500.38713.26872,41115,86245,412
  1. Rounding of tons as required by Form 43-101F1 reporting guidelines results in apparent differences between tons, grade and contained ounces in the mineral resource.
  2. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Please refer to the Amended and Restated Technical Report for further details. The Amended and Restated Technical Report is available on SEDAR at www.sedar.com and on Eros Resources website at www.erosresourcescorp.com.

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