Tibbs Property
Executive Summary
Executive Summary (overview)
- One-paragraph overview tied to the latest reported drilling results date.
- Estimated probability of advancing to a formal resource.
- Typical ranges for grade, tonnage, mine life, and method mix.
- Cost structure summary and where the project ranks vs peers.
Regional Gold Potential
Tibbs is located in United States, North America. The surrounding region has historically demonstrated a low potential for gold endowment and is very proximal to other gold properties. Physical setting (moderate elevation, high relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under thin lithosphere with thin sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very high grade, short, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-03-10 | 0.50 g/t Gold over 1.5 m from 45.7 m | Moderate Grade | Moderate Thickness | Shallow |
| 2022-03-10 | 9.95 g/t Gold over 0.8 m from 223.0 m | Very High Grade | Thin | Moderate Depth |
| 2022-03-10 | 1.21 g/t Gold over 1.5 m from 169.2 m | High Grade | Moderate Thickness | Moderate Depth |
| 2022-03-10 | 3.43 g/t Gold over 1.5 m from 38.0 m | High Grade | Moderate Thickness | Shallow |
| 2022-03-10 | 0.96 g/t Gold over 3.1 m from 19.8 m | Moderate Grade | Thick | Shallow |
| 2022-03-10 | 2.44 g/t Gold over 3.1 m from 164.6 m | High Grade | Thick | Moderate Depth |
| 2022-03-10 | 2.21 g/t Gold over 3.0 m from 120.4 m | High Grade | Thick | Moderate Depth |
| 2022-03-10 | 0.39 g/t Gold over 0.0 m from 0.0 m | Moderate Grade | Very Thin | Very Shallow |
| 2022-03-10 | 0.31 g/t Gold over 4.6 m from 96.0 m | Moderate Grade | Thick | Moderate Depth |
| 2022-03-10 | 7.64 g/t Gold over 0.6 m from 342.7 m | Very High Grade | Thin | Deep |
| 2022-03-10 | 1.37 g/t Gold over 3.0 m from 450.0 m | High Grade | Thick | Deep |
| 2022-03-10 | 1.61 g/t Gold over 2.0 m from 105.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2022-03-10 | 0.76 g/t Gold over 0.8 m from 56.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-03-10 | 0.35 g/t Gold over 10.0 m from 240.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-03-10 | 0.96 g/t Gold over 3.0 m from 109.7 m | Moderate Grade | Thick | Moderate Depth |
Resource Potential
Resource Potential (overview)
- Probability estimate of advancing to a formal resource.
- Typical ranges for grade and tonnage with p50 markers.
- Side-by-side histograms vs. a global reference dataset.
- Plain-English guidance on how to interpret uncertainty.
Economic Potential
Economic Potential
- Distribution of NPV across 1,000 discounted cash-flow simulations.
- Expected NPV value with context vs. drill-stage peers.
- Discussion of spread, skew, and scenario tails (upside/downside).
- Explicit assumptions shown for discount rate and commodity price.
Assumption Distributions
Assumption Distributions
- Reserve conversion and mine life distributions.
- Recovery, processing costs, and waste:ore ratio ranges.
- Capex/offsite opex, average production rate, and other drivers.