Joy 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
Joy is located in Canada, North America. The surrounding region has historically demonstrated a high potential for gold endowment and is very proximal to other gold properties. Physical setting (high elevation, moderate relief, polar climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under very thick lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average moderate grade, very long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-02-28 | 0.81 g/t Gold Equivalent over 54.0 m from 192.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-02-28 | 3.47 g/t Gold Equivalent over 1.0 m from 233.0 m | High Grade | Thin | Moderate Depth |
| 2025-02-28 | 1.03 g/t Gold Equivalent over 204.0 m from 74.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-02-28 | 1.69 g/t Gold Equivalent over 3.0 m from 167.0 m | High Grade | Thick | Moderate Depth |
| 2025-02-28 | 2.67 g/t Gold Equivalent over 18.0 m from 164.0 m | High Grade | Very Thick | Moderate Depth |
| 2025-02-28 | 2.65 g/t Gold Equivalent over 3.0 m from 164.0 m | High Grade | Thick | Moderate Depth |
| 2025-02-28 | 2.04 g/t Gold Equivalent over 3.0 m from 161.0 m | High Grade | Thick | Moderate Depth |
| 2025-02-28 | 2.01 g/t Gold Equivalent over 1.9 m from 159.1 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-02-28 | 2.04 g/t Gold Equivalent over 50.8 m from 157.3 m | High Grade | Very Thick | Moderate Depth |
| 2025-02-28 | 2.00 g/t Gold Equivalent over 1.8 m from 157.3 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-02-28 | 1.05 g/t Gold Equivalent over 45.0 m from 190.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-02-28 | 5.68 g/t Gold Equivalent over 3.0 m from 173.0 m | Very High Grade | Thick | Moderate Depth |
| 2025-02-28 | 0.58 g/t Gold Equivalent over 222.0 m from 73.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-02-28 | 0.31 g/t Gold Equivalent over 12.0 m from 40.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-02-28 | 0.36 g/t Gold Equivalent over 9.0 m from 19.0 m | Moderate Grade | Very Thick | Shallow |
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.