5th annual exploration update...slide 31 600m 400m 200m nw se 200 metres 2003 drill holes proposed...

5th Annual Exploration UpdateJanuary 29, 2004

Forward Looking StatementForward Looking StatementSlide 2

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 actual results, performance or achievements to differ from those expressed or implied by such forward looking statements. Such risks and uncertainties are

described in periodic filings made by Kinross Gold Corporation with the U.S. Securities and Exchange Commission and Canadian

provincial securities regulatory authorities.

All dollar amounts used throughout this presentation are expressed in US dollars, unless otherwise noted.

OutlineOutlineSlide 3

Advanced Exploration/Development PropertiesAdvanced Exploration/Development Properties

RefugioRefugio

GurupiGurupi

Gold HillGold Hill

Fort KnoxFort Knox

Kettle RiverKettle River

La CoipaLa Coipa

Round MountainRound Mountain

MusselwhiteMusselwhite

PorcupinePorcupine

ParacatuParacatu

CrixasCrixas

George/Goose LakeGeorge/Goose LakeUluUlu

Precious Metals OperationsPrecious Metals Operations

KubakaKubaka

LupinLupin

Emanuel CreekEmanuel Creek

PurenPuren

BirkachanBirkachan

AquariusAquariusNew BritanniaNew Britannia

BlanketBlanket

2003 Achievements2003 AchievementsSlide 4

1. Replaced reserves at operating mines;

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, Aquarius, Cominor JV);

4. Acquired new high-quality projects that fit the company’s growth strategy (Buckhorn, Wind River);

5. Continued to optimize the project pipeline portfolio by JV or sales of non-core assets (George – Goose Lake, Ulu, Youga);

Current Project PipelineCurrent Project PipelineExploration Pre-feasibility Feasibility Construction Production

Round Mountain UG Aquarius

Emanuel CreekRefugio

Pamour

Paracatu Expansion

Emanuel North

Tsokol

PQ Deeps

Birkachan

Puren

Gil

Gurupi

Forquila Sul

Gold Hill

New Discovery

Proven & Probable ReservesMeasured & Indicated Resources

Progress January to December 2003

BuckhornWind River

New Acquisition

Slide 5

Paracatu Mine, BrazilParacatu Mine, BrazilSlide 6

Paracatu Mine

Brazil

Rio de Janeiro

Town ofParacatu

300000

8100000

Brasilia210km

Pit Outline

ParacatuProperty

road

1 kilometre

Mine Grade Ore

Low Grade Ore

Paracatu Controls Mineral RightsSurface Access Agreements Pending

Paracatu Cross SectionParacatu Cross SectionSlide 7

1000 metres

Existing drill hole

Lower Pyrrhotite Ore HorizonB2 Calha OreAs >2,500 ppmProposed Drill Hole

Inferred Mineralization

700m

PhylliteHydrothermally

Altered Ore Zone

surface

240° 060°Looking N30°W

500m

900m

CURRENT PIT LIMIT (369Mt)

WATER TABLE

SAG EXPANSION (161Mt)

350-400 Mt TARGET

Crixas Mine, BrazilCrixas Mine, BrazilSlide 8

5 kilometres

Town of Crixas

LateriteProterozoic schistGranitic rocksUltramafic rocksFelsic metavolcanic rocksMafic metavolcanic rocksMetasedimentary rocksGold mineralizationGold occurrence

Crixas PropertyBrazil

Rio de Janeiro

Crixas Property

Mina Nova

Mina IIICorpo Sul

Corpo IVCorpo V

Palmeiras

ForquilhaForquilha Sul

Crixas Cross SectionCrixas Cross SectionSlide 9

400 metres

-500m

surface

greywacke

schist

dolomite

basic

meta

volca

nics

284° 104°Looking N14°E

-1,000m

overburden

4.69/3

6.36/4.5 5.18/3

2.26/2.6

5.96/12

6.2/6

0.1/1

0.1/1

30.04/1.5

2.16/0.65117.76/0.9

792.0/0.59.88/4.38 20.56/2.89 + 4.98/4.16

Corpo 3.5

Corpo IV315° Plunge

Zona SuperiorMassive Sulphide

Mina III Quartz Vein290° Plunge

Note: not all intersections shown

Forquilha Sul is directly down plunge ofCorpo IV which is oblique to this section

Long Section is oblique to plunge trend of Ore shoot, so deepest holes are not intersecting the ore zone

Existing drill hole

> 2 g/t AuQuartz Veining

Mineralization

5.96/12 g/t Au / Interval (meters)

100 metres

8389600N

8389200N

610000E609600E

Forquilha Sul

Forquilha

Corpo IV

Intersection >3.0 g/t AuIntersection < 3.0 g/t Au

3.99/31.97/32.75/3

6.79/8.655.77/34.07/32.26/3

7.5/63.31/3

8.75/3

5.66 / 3

4.07/5.1

6.06/3

15.23/73.8/3

3.44/3

2.27/34.16/3

3.28/37.59/10

10.44/2.9

3.09/2.2

5.91/2.1

4.19/2

1.94/3

7.48/3

1.50/3

3.15/3

2.27/3

1.34/2

Grade (g/t Au) / Interval (metres)

3.9/36.49/3.5

3.58/3.5

4.42/4.2

5.56/3.5

Crixas – Forquilha SulSurface Projection

Crixas – Forquilha SulSurface Projection

Slide 10

Plunge17°

Note: holes in Corpo IV already existed

Forquilha Main Shoot

Upper Zone

Lower Forquilha Shoot

Lower Zone

Narrow barren zonebetween shootsAs in Mina III

5.25/3.5 6.94/5.0

Gurupi Project, BrazilGurupi Project, BrazilSlide 11

Deformed TonalitesGranitic RocksVolcanic RocksSedimentary RocksFaultGold Occurrence

10 kilometres

Gurupi PropertyBrazil

Rio de Janeiro

sedimentaryCover

Chega Tudo

Cipoeiro

Kinross Holdings

Goldfields S.A.

Goldfields S.A.

CVRD

Gurupi – Cipoeiro Section 80 - 6


Slide 12

Existing drill hole

> 1.5 g/t Au0.4 – 1.5 g/t Au


metasediments

tonalite

50 metres

Proposed Pit Outline

surface

260° 080°Looking N10°W

1.20 / 36

7.37 / 2

0.74 / 4

3.66 / 7

3.09 / 272.06 / 35

1.53 / 14

0.49 / 83.23 / 2

1.89 / 52

1.32 / 5

saprolite




Slide 13

100 metres

290° 110°Looking N20°E

Existing drill holeKinross drill hole

> 1.5 g/t Au0.4 – 1.5 g/t Au


metasediments

tonalite

saprolite


2.02/50

1.38/161.00/10

1.18/16

1.73/7

0.68/10

0.51/11

1.90/19

1.10/161.19/41

KCP255 projected 60meters


1.50/26

Planned Infill Hole

1.06/26

Gurupi – Chega TudoSection 1400N

Gurupi – Chega TudoSection 1400N

Slide 14

chlorite schist

dacite

gabbro

saprolite

50 metres

100m

0m

Looking N45°W225° 045°

meta-arkose

Existing drill holeKinross drill hole

> 2.5 g/t Au0.6 – 2.5 g/t Au0.2 - 0.6 g/t Au


0.69/ 7

1.19/ 29

0.67/ 20

0.68/ 11

Proposed Drill Hole



GurupiExploration Targets

GurupiExploration Targets

Slide 15

Airborne Magnetic Map Of The Central Portion Of The Gurupi Project

S c a l e

Low

High

N9,758,000N

352,

000E

9,740,000N

368,

000E

Cipoeiro Trend

Chega Tudo Trend

Serrinha

Sao Jose Leite

4Km

La Coipa Mine, ChileLa Coipa Mine, ChileSlide 16

CMCLCCMCLC

MDOMDO

CODELCOOPTION

CODELCOOPTION

LADERA FARALLON

BECHA NORTE

PUREN

POMPEYA

LAS COLORADA

COIPA NORTE

FARALLON BAJO

CAN CAN

INDAGUA

Dacites

Cretaceous FormationsJurassic FormationsTriassic Formations

Dacitic DomesDacite Flows

Instrusives

MARITZA

CODOCEDO

PUREN WEST

Chile

LaCoipa

Puren Area TargetsPuren Area TargetsSlide 17

CODOCEDOTARGET

POMPEYATARGET

PUREN DRILLING

PUREN WESTTARGET

2 km

Puren

Cominor

PropertyBoundary

Puren Prospect, ChilePuren Prospect, ChileSlide 18

1.46 / 58

0.34 / 429 / 146

1.68 / 93 / 154

g/t Au / g/t Ag / meters

0.80 / 527 / 146

1.03 / 268 / 176

1.41 / 6 / 124

0.89 / 51 / 212

0.81 / 33 / 230

0.27 / 412 / 70

Puren Long Section

Puren Long Section

Slide 19


1.31 / 187 / 158

1.10 / 186 / 136

0.60 / 180 / 128

0.80 / 4 / 130

0.97 / 3 / 174

1.10 / 7 / 212

2.04 / 10 / 122

0.81 / 528 / 1460.66 / 44 / 16

Puren Section 7039405N


Slide 20

0.92 / 89 / 144


1.10 / 186 / 136

1.26 / 71 / 166

1.03 / 268 / 1761.32 / 81 / 178

2.05 / 5 / 62

2.44 / 12 / 48

2.58 / 253 / 136



Slide 21

1.05 / 332 / 206

1.04 / 890 / 60


0.91 / 529 / 164

0.60 / 180 / 128

1.68 / 8 / 361.14 / 20 / 62

0.34 / 429 / 146

1.73 / 4 / 118

Cominor Project, La Coipa District

Cominor Project, La Coipa District

Slide 22

JOINT VENTURE (50:50)COMINOR AND

KINROSS GOLD CORP.

Cominor Puren, Au Geochemistry

Cominor Puren, Au Geochemistry

Slide 23

Puren

Puren South

Codocedo

CominorPuren, As Geochemistry

CominorPuren, As Geochemistry

Slide 24

Puren

Puren South

Codocedo

Refugio Mine, ChileRefugio Mine, ChileSlide 25

Buffer Zone

Leach Pad

Process Plant

Verde Volcanic andIntrusive Complex

Laguna Tuff

RefugioVolcanics

(undivided)

MesozoicRocks

Pancho Diorite& Volcanics

0 2km

Grade (g/t Au) / core length (metres) 1.02g/116m

Chile

REEFUGIO

Verde WestEast & Mines

Pancho Deposit

Guanaco Compania Minera Maricunga Claims130 claims for 650 hectares

P21A 1.02g/116m

Refugio Pancho Deposit

Refugio Pancho Deposit

Slide 26

PitOutline

Pancho HillEl.4550m

69500 E

54000 N

0 200 400

metres

0.80/78

2.13/47

0.89/84

0.88/126

Grade (g/t Au) / Core Length (metres)Proposed Drill Hole (13)

0.75/494

Mineralized Zone>0.5 g/t Au>1.0 g/t Au

Pancho Deposit Section 5NE

Pancho Deposit Section 5NE

Slide 27

218° 038°0 50 100

metres4400m

4200m

4300m

4100m

Intersection (g/t Au) /Core Length (metres)

4000mMineralized Zone>0.5 g/t Au>1.0 g/t Au

0.96/231

0.87/60

1.01/71

0.92/102

0.90/1801.79/60

0.78/82

1.07/269

1.19/218

1.17/150

0.88/126

Pit Outline

Previous DrillingRecent DrillingProposed Drill Hole

1.12/38

1.07/269OPEN

OPEN

OPEN

0 100 m

Intersection (g/t Au)Core Length (metres)

Previous DrillingRecent DrillingProposed Drill HoleSoil Geochem Anomaly

StockworkZoneDiorite Porphyry

Volcanic Cap

outcrop

outcrop

Drill road

RefugioGuanaco Prospect

RefugioGuanaco Prospect

1.02 / 116

1.02 / 116

Slide 28

Kubaka District, RussiaKubaka District, RussiaSlide 29

64°N

OmolonRiver

KedonRiver

133°E

25 kilometres

Birkachan

Kubaka

Oroch

Yolochka

Magnitny

Zakharenko

TummannyYuny

Kubaka Area

Russian FederationMagadan

Kubaka Mine, RussiaKubaka Mine, RussiaSlide 30

KubakaOpen Pit Mine

614m Level AditUnderground Mine

Tailings Pond

KubakaRiver

Tsokol ZoneAnd Drilled Area

Veins

Vein

Kubaka Project Area

Overburden Stockpiles

Mill, ShopsAdministration

1 kilometre

baseline

Tsokol LongitudinalOrebody 11


Slide 31

600m

400m

200m

NW SE

200 metres2003 Drill HolesProposed Drill Holes

dacite tuff

Korbashale

alluvium

faults>200 (gxm) Au100 - 200 (gxm) Au50 - 100 (gxm) Au20 - 50 (gxm) Au10 - 20 (gxm) Au

looking northeast

50 55 60 65 70 75 80

34.9/4.4

g/t Au/horizontal thickness

20.0/10.1

19.0/7.3

28.9/7.2

33.2/6.9

35.1/5.4

29.2/2.1

OPEN



Slide 32

600m

400m

200m

NW SE

200 metres2003 Drill HolesProposed Drill Holes

dacite tuff

Korbashale

alluvium

faults

dacite tuff

rhyodaciterhyolite

>200 (gxm) Au100 - 200 (gxm) Au50 - 100 (gxm) Au20 - 50 (gxm) Au10 - 20 (gxm) Au

looking northeast

55 60 65 70 75 80g/t Au/horizontal thickness

56.9/2.7 383.8/0.425.0/10.1

15.1/6.9

25.9/7.423.8/3.5

OPEN

Birkachan Location, RussiaBirkachan Location, RussiaSlide 33

4 kilometresBirkachan

Kubaka

Winter Road

71500000N

540000E

MunugudzhakRiver

OmolonRiver

BirkachanRiver

QuaternaryPermian-Triassic, siltstone and carbonatesCarboniferous, shalesDevonian, rhyolites and dacitesArchean, gneissesCretaceous, granites and syenites

Birkachan Longitudinal Birkachan Longitudinal Slide 34

600m

400m

200m

240° 60°

>200 (gxm) Au100 - 200 (gxm) Au50 - 100 (gxm) Au20 - 50 (gxm) Au10 - 20 (gxm) Au

400 metres

Zone 6

Zone 5

Zone 3

Zone 2

Proposed Pit 92.0, 72.2/3.3

147.4, 175.7/2.6

55.0, 207.0/5.4

33.7/9.8

57.0/12.1

31.3/23.3

23.2/15.1

43.0/5.9

33.7/4.18.0/16.3

40.0, 227.2/3.0

88.3, 44.7/2.5

55.3, 57.9/3.0

5E 10E 15E 20E 25E 30E

52.7, 300.3/3.137.3, 972.5/1.8

27.4, 55.2/3.7

Existing Drill Holes2003 Drill Holes2004 Proposed Drill Holes

g/t Au, g/t Ag/horizontal thickness

BirkachanBirkachan

River

VeinPlacerMajor faultGrab sample locationg/t AuProposed drill holes

211.0

3 kilometres

211.0

149.4

20.5

54.2

25.2

Skalisty Creek

Labazny

Gornik Creek

Cretaceous granitePermian limestoneCarboniferous korbashaleUpper Devonian rhyoliteUpper Mid-Devonian dacites, ignimbrites

Birkachan District Gold Prospects

Birkachan District Gold Prospects

Slide 35

OrochGeology Plan

OrochGeology Plan

Slide 36

EpochRiver

500 metres

Carbonate Quartz VeinSample LocationTrenchDrill Holes

7.3, 1009.4 / 8.0m

Zone 5

g/t Au, g/t Ag/horizontal thickness

3.1, 376.0 / 3.6m

14.7, 1026.0

4.6, 199.8 / 2.0m

5.3, 170.4

1.8, 94.7

11.5, 1218.9 / 0.8m

5.6, 563.9 / 0.6m

CrossSection

Alluvial rubbleGlacial boulderRhyodacite intrusiveRhyodaciteAndesite

OrochCross Section

OrochCross Section

Slide 37

Carbonate Quartz Vein

Veinlet Zone

600m

550m

500m

450m 50 metres

9.6, 574.6 / 41.7

3.5, 106.8 / 32.1m

Zone 5

S N

g/t Au, g/t Ag / Core length

looking west

2.6, 65.7 / 8.3m

4.2, 43.3 / 2.6m

1.8, 50.4 / 5.1m

0.8, 54.5 / 5.5m

1.2, 17.5 / 3.7m

0.8, 14.3 / 12.4m

1.0, 11.4 / 10.0m

3.3, 30.1 / 0.7m

OverburdenRhyodacite intrusiveRhyodaciteAndesiteFault

Timmins, CanadaPorcupine JV & Aquarius

Timmins, CanadaPorcupine JV & Aquarius

Slide 38

Hoyle Pond Mine

Pamour

HollingerMcIntyre

Dome Mine

PJV ClaimGroup

Kinross (100%)

Aquarius

Timmins

Targets

PorcupineJV

Ontario

Thunder Bay

Toronto

Pominex

Hoyle Pond Mine, CanadaHoyle Pond Mine, CanadaSlide 39

Diabase Dikes Sediments

Mafic Volcanics Ultramafics

Porphyry

2003/4 Targets

S2

B3

B1N

B1B1S

‘N ZONE

1250

mL

850

920m

L

720m

L

UP / LP

Plun

ging

1060

Sys

tem

720m Level

HP “Deeps”

720 A Vein

100m

N

B Veins & UP / LP

Hoyle Pond 720 – A VeinLongitudinal Section

Hoyle Pond 720 – A VeinLongitudinal Section

Slide 40

Ultramafic

50.56 /1.2m

43.56/1.2m

44.35/1.2m

VG

29.09/1.2mVG

30.44 (cut)/1.2m

2.64/1.2m

VG VG

VG VG

VG

59.44 / 1.2m

MaficVolcanic

Open to 420m Level

Open

Diabase56.39/1.2m

47.20/1.2m

T200

E

550m el

600m el

66.2/0.3m CL

64.40/0.75m CL

720 XC

T300

E

VG

VG

13.88/0.3m

50cm QV VG

99.00/0.3m

443.05/0.25m

(Looking NW)

ExplanationVG – Visible Gold,

Assays Pending

Musselwhite Mine, OntarioMusselwhite Mine, OntarioSlide 41

P r o

p e r

t y

B o u

n d a

r y

Weagamow - North CaribouGreenstone Belt

Mineralized ZoneBanded Iron Formation

PQ Deposit

T-Antiform Deposit

MusselwhiteMine

Ontario

Thunder Bay

TorontoEsker Zone

West Anticline

MusselwhiteLongitudinal Section

MusselwhiteLongitudinal Section

Slide 42

>60 and <80 gxm

>20 and <40 gxm

> 80gxm

>40 and <60 gxm

<20 gxm

ISLANDESKER

PQ

PQ Deeps

APPROX IRON FORMATIONFOLD KEEL

MusselwhitePQ Deeps

MusselwhitePQ Deeps

Slide 43

Inf. Inf.Indicated Indicated Inferred

C Block (Hidden) - Inferred

B Block - Inferred

A1 Block – Indicated

See Detail BelowA2 BlockT Antiform

T Antiform – S Zone

Existing Development

PQD A2 – 03-PQU-006 – 11.3m @ 10.2g/t

Planned Development for S Zone

PQD A2 – 03-PQU-123 – 11.3m @ 7.6g/t

PQD A2 – 03-PQU-124 – 10.0m @ 11.1g/t

PQD A1 – 03-PQU-155 – 21.8m @ 5.2g/t

PQD C – 03-PQU-156 – 31.0m @ 3.4g/t

PQD A1 – 03-PQU-142 – 6.3m @ 5.6g/t

PQ DeepsSection 11400N


Slide 44

T Antiform – S Zone

PQD B – 02-185 – 10.8m @ 4.7g/t

PQD A1 – 02-181 – 8.8m @ 9.5g/t

PQD A1 – 02-179 – 4.1m @ 1.7g/t

PQD A1 – 02-183 – 14.1m @ 4.9g/t

PQD A1 – 02-185 – 40.1m @ 11.1g/t

Unknown – 03-PQU-005 – 50.0m @ 7.6g/t

Proposed Exploration Drift



Slide 45

Fort Knox, AlaskaClaim Plan


Slide 46

Fort Knox Mine 2004 Targets

Fort Knox Mine 2004 Targets

Slide 47

Fort Knox MineSection 9100ft E


Slide 48



Slide 49



Slide 50

U D

U D

U D

UD

Republic

Curlew

R.3

3 E.

Kettle River, USAKettle River, USASlide 51

Tert

iary

Mes

ozoi

cPa

leoz

oic

Volcanics

Intrusive

Greenstone

High Grade Metamorphic

Claim Block(s)

0 10 miles

Buckhorn Mt

Kettle Mine

Emanual Creek

K2 Mine & East Veins

Lamefoot Mine

Key East & West Pits

Kettle River Mill Site

Overlook MineRepublic District(Golden Eagle)

Portland, OR

Seattle

UNITED STATESCANADA

W A S H I N G T O N

Spokane

KETTLE RIVEROPERATIONS

Note : Host Rock is Sanpoil Andesite

Emanual CreekOrebody

0 200 ft

0.534 Au OPT for 39.5 FT

In Cross Cut

Emanuel Creek Orebody

Host Rock isSanpoil Andesite

100 FEET

SCALE

0.534 / 39.5

0.405 / 100.0

0.973 / 70.0

0.298 / 217.7

990 Level Workings

To K2 Portal

at 2100 Level

West ZoneOrebody

Kettle River Plan View

Kettle River Plan View

0.298 / 217.7 OPT Au / Interval (feet)

Slide 52

0.385 / 56.00.734 / 70.0

Kettle River Emanuel NorthKettle River Emanuel North

Slide 53

Mineralized ZoneDrill Hole TraceIntervals >0.2 Au opt

46800 N

A-A’

o p e n

o p e n

o p e n d o w n d i p

0 400 ft

EN

ECo p e n

u p d i p

10.5’ / 0.599 opt

11.0’ / 2.905 opt

79.8’ / 0.216 opt

53.0’ / 0.331 opt

24.2’ / 0.429 opt

9.0’ / 0.552 opt

50.1’ / 0.201 opt

39.0’ / 0.303 opt

41.3’ / 0.219 opt

53.9’ / 0.312 opt

22.0’ / 0.264 opt

198.3’ / 0.905 opt

Emanuel North fault

Kettle River – Emanuel North Cross Section 48 600 FTN

Kettle River – Emanuel North Cross Section 48 600 FTN

Slide 54

Emanuel North Fault

A A’o p e n

0 100 ft

o p e n

Sinter

Klondike Mountain Fm.

5300

E

Sanpoil Andesite

NB03-11 53.9’ / 0.312 opt

NB03-1024.2’ / 0.429 opt

NB03-14 53.0’ / 0.331 opt

Buckhorn Mountain, USABuckhorn Mountain, USASlide 55

5300 N5600 N

Look

out F

ault

Perm

ian-

Tria

ssic

Andesite

Cre

tace

ous

-Ter

tiary

Tert

iary

Marble

Skarn – gold bearing

Porphyry Dikes

Diorite

Granodiorite 65.6 Ma

Older Andesite

Clastic Rocks

0 2000 ft

Portland, OR

Gold Deposit

SW Zone

Gold Bowl Zone

Seattle

UNITED STATESCANADA

W A S H I N G T O N

Spokane

BUCKHORN MOUNTAIN PROJECT

Buckhorn Mountain Section 5,300 N


1.10 / 17’ 2.26 / 15.5’

Lookout Fault

1.52 / 20’

W E

200 ftAssay (opt Au) / Interval (feet)1.42 / 20’

OLDER ANDESITE AND SKARN

MARBLECLASTIC ROCKS

AND SKARN

CLASTIC ROCKS

AND SKARN0

(Looking North)

0.89 / 10’

2.03 / 10’ 1.42 / 20’

1.28 / 10’

0.96 / 15’0.48 / 5’

0.31 / 35’

0.35 / 30’

0.29 / 35’

0.43 / 20’

0.36 / 6’

0.46 / 30’

0.28 / 30’0.19 / 5’

Slide 56

SOURCE: Crown Resources Corp. - Annual Report 2002, p. 6.

Lookout Fault

W E

Assay (opt Au) / Interval (feet)0.85 / 30’

OLDER ANDESITE AND SKARN

marble

CLASTIC ROCKS AND SKARN

CLASTIC ROCKS AND SKARN

200 ft0

0.86 / 17’

0.82 / 36.5’

0.40 / 20’

1.21 / 10’

0.81 / 11’

0.17 / 5’

0.50 / 50’

0.95 / 35’

0.57 / 15’

0.12 / 5’

0.57 / 3’

0.45 / 10’

0.41 / 20’

0.54 / 30’

0.71 / 22.5’

0.26 / 5’

0.39 / 25’

0.21 / 10’

0.20 / 5’

0.29 / 14’0.82 / 55’

0.38 / 12.5’



(Looking North)

Slide 57

0.57 / 15’

0.10 / 5’

0.85 / 30’

0.10 / 5’

SOURCE: Crown Resources Corp. - Annual Report 2002, p. 6.

Wind River – USAWind River – USASlide 58

Portland, OR

Seattle

UNITED STATESCANADA

W A S H I N G T O N

Spokane

WIND RIVER PROJECT

Au Quartz Vein

Alluvium

0 1000 ft

Andesite

Longitudinal SectionN - S

Longitudinal SectionA - A’

Note : 500 foot Grid

Wind RiverLong Section

Wind RiverLong Section

Slide 59

WR 2002 RC Hole

Youngquist Core Hole

Delano Core HoleContours are true thickness in feetPosted grades are Au opt

0 400 ft

(Looking West) 0.825 / 33’

0.351 / 25’

0.366 / 30’0.468 / 30’

0.38 / 7.7’

0.546 / 50’

0.68 / 19.5’

0.90 / 20’

0.21 / 11’

0.27 / 8’

0.25 / 8’

0.76 / 5’

2.22 / 2.5’

0.43 / 10’

0.574 / 20’

0.35 / 10’

0.64 / 19’

0.35 / 10’

0.51 / 16’

0.19 / 14’

0.53 / 17’0.20 / 11’

0.325 / 12.5’

0.32 / 11’

Wind River Looking N 15 EWind River Looking N 15 E

Slide 60

VEI

N N

o. 5

VEIN

NO

. 6

0 250 ft

A'A

0.430 Au OPT 10ft(True Thk)





Round Mountain, NevadaRound Mountain, NevadaSlide 61

ROUNDMOUNTAINMINE

GOLD HILLDISCOVERY

Area of Mutual Interest

Round Mountain

!Las Vegas

!Reno

Nevada

South Gold Hill

Manhattan DistrictWhite Caps

Palo Alto

Jefferson District

Baxter Spring

Corcoran Canyon

Antone Canyon

North Manhattan

Gold Occurrence

Gold Wedge

Manhattan Caldera

Shoshone Mtn Granite

Dry Canyon Caldera

Moores Creek Caldera

Mt Jefferson Caldera

Round Mountain Caldera

Trail Canyon Caldera

Sediments

Cretaceous Granite Porphyry

Cretaceous Granite

Gold Hill2003 Drilling

Gold Hill2003 Drilling

Slide 62

Mt. Jefferson Caldera

Margin Fault


Gold Hill Deposit

Ore zone >0.006 opt2003 DrillingPrevious Drilling

Alluvium

1500’

∗

A A’

Gold Hill Long Section 136100N

Gold Hill Long Section 136100N

Slide 63

500’

SinterSinter

AlluviumAlluviumOxide/SulfideOxide/Sulfide

BoundaryBoundary

OpenOpen

A’A

Section 136,100N

Looking North

Tertiary Tertiary RhyoliteRhyoliteTuffTuff

RhyoliteRhyolite TuffTuff

>0.006 opt >0.006 opt OutlineOutline

RhyoliteRhyolite IntrusiveIntrusive

Range Front FaultRange Front Fault

North Gold North Gold Hill FaultHill Fault

Gold Hill MineGold Hill Mine

0.027/430’

0.039/665’0.054/375’

0.019/220’

0.011/460’

0.012/140’

0.063/225’Drill Intercepts - opt Au / feet

0.024/135’

0.024/98’0.024/215’

Gold Hill2004 Targets

Gold Hill2004 Targets

Slide 64

Untested Caldera Margin


Margin Fault


Gold Hill Deposit

Ore zone >0.006 opt2003 DrillingPrevious Drilling

Alluvium

Paleozoic/Carlin-Type Target

Untested Structural Corridors

Open

Open

Open1500’

∗

M-Ace Target

A A’

South Gold Hill (opt)SGH03-13: 25’@0.013 (280-305’)

10’@0.009 (330-340’)50’@0.025 (400-450’)5’@0.034 (580-585’)5’@0.053 (740-745’)

Mt. Jefferson Caldera Margin (opt)GH03-401: 25’@0.01(895-920’)

230’@0.012 (975-1205’)

Round Mountain Targets

Round Mountain Targets

Slide 65

Current Pit CrestAlluvium

Rhyolite Tuff

Paleozoic Sediments

Shoshone Granite

Ultimate Pit

Round Mountain Caldera Margin

Faults

1000’

∗South Pit

Wall

Deep Northwest

Northwest Pit Wall

Potential Pit Expansion

Round Mountain U/G Longitudinal

Round Mountain U/G Longitudinal

Slide 66

Existing Pit ShellExisting Pit Shell

DEEP NORTHWESTDEEP NORTHWESTTARGETTARGET

NORTHWEST PITWALLNORTHWEST PITWALLTARGETTARGET SOUTH PITWALLSOUTH PITWALL

TARGETTARGET

0.375/25’

0.493/40’

3.26/5’

0.215/180’

0.165/100’

0.183/60’

4.14/10’

Drill Intercepts - opt Au / feet

N S

1000’Looking Northeast

0.10/360’

0.172/125’

Round MountainU/G Zone

Round MountainU/G Zone

Slide 67

Deep Northwest

South Pit Wall

Ultimate Pit Design

Proposed Decline

Northwest Pit Wall

Proposed Drill Program to drill out resource on 100’ centers

Looking North500’

2004 Exploration Outlook2004 Exploration OutlookSlide 68

• $20M Exploration Budget• $20M Exploration Budget

Kinross Operations - $9.0MKinross Operations - $9.0M

Project Exploration - $6.0MProject Exploration - $6.0M

Joint Venture Operations - $5.0M

Joint Venture Operations - $5.0M

Current Project PipelineCurrent Project PipelineExploration Pre-feasibility Feasibility Construction Production

Round Mountain UG Aquarius

Emanuel CreekRefugio

Pamour

Paracatu Expansion

Emanuel North

Tsokol

PQ Deeps

Birkachan

Puren

Gil

Gurupi

Forquila Sul

Gold Hill

New Discovery

Proven & Probable ReservesMeasured & Indicated Resources

Progress January to December 2003

BuckhornWind River

New Acquisition

Slide 69

5th Annual Exploration UpdateJanuary 29, 2004

5th annual exploration update...slide 31 600m 400m 200m nw se 200 metres 2003 drill holes proposed...

Documents