Antelope 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
Antelope is located in United States, North America. The surrounding region has historically demonstrated a high potential for gold endowment and is very proximal to other gold properties. Physical setting (very high elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Extended Crust tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average low grade, long, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2017-08-24 | 0.29 g/t Gold over 18.3 m from 15.2 m | Moderate Grade | Very Thick | Very Shallow |
| 2017-08-24 | 1.12 g/t Gold over 3.1 m from 19.8 m | Moderate Grade | Thick | Shallow |
| 2017-08-24 | 0.12 g/t Gold over 7.6 m from 39.6 m | Low Grade | Very Thick | Shallow |
| 2017-08-24 | 0.11 g/t Gold over 1.5 m from 82.3 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2017-08-24 | 0.13 g/t Gold over 1.5 m from 189.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2017-08-24 | 0.12 g/t Gold over 1.5 m from 30.5 m | Low Grade | Moderate Thickness | Shallow |
| 2017-08-24 | 1.59 g/t Gold over 10.7 m from 0.0 m | High Grade | Very Thick | Very Shallow |
| 2017-08-24 | 2.67 g/t Gold over 6.1 m from 0.0 m | High Grade | Thick | Very Shallow |
| 2017-08-24 | 0.15 g/t Gold over 12.2 m from 74.7 m | Low Grade | Very Thick | Moderate Depth |
| 2017-08-24 | 0.26 g/t Gold over 7.6 m from 7.6 m | Moderate Grade | Very Thick | Very Shallow |
| 2017-08-24 | 0.34 g/t Gold over 4.6 m from 10.7 m | Moderate Grade | Thick | Very Shallow |
| 2017-08-24 | 0.20 g/t Gold over 3.0 m from 50.3 m | Low 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.