Midas 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
Midas 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 (low elevation, high relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under very thin 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, short, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-01-06 | 1.56 g/t Gold Equivalent over 1.0 m from 52.0 m | High Grade | Thin | Moderate Depth |
| 2025-01-06 | 8.98 g/t Gold Equivalent over 9.8 m from 148.2 m | Very High Grade | Very Thick | Moderate Depth |
| 2025-01-06 | 1.20 g/t Gold Equivalent over 1.0 m from 117.2 m | Moderate Grade | Thin | Moderate Depth |
| 2025-01-06 | 0.83 g/t Gold Equivalent over 1.9 m from 116.3 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-01-06 | 7.97 g/t Gold Equivalent over 11.0 m from 148.2 m | Very High Grade | Very Thick | Moderate Depth |
| 2025-01-06 | 21.51 g/t Gold Equivalent over 1.9 m from 154.6 m | Very High Grade | Moderate Thickness | Moderate Depth |
| 2025-01-06 | 0.62 g/t Gold Equivalent over 3.8 m from 69.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-01-06 | 0.76 g/t Gold Equivalent over 2.8 m from 70.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-01-06 | 1.17 g/t Gold Equivalent over 0.8 m from 72.0 m | Moderate Grade | Thin | Moderate Depth |
| 2025-01-06 | 1.19 g/t Gold Equivalent over 1.0 m from 45.0 m | Moderate Grade | Thin | Shallow |
| 2025-01-06 | 1.24 g/t Gold Equivalent over 2.0 m from 51.0 m | High Grade | Thick | Moderate Depth |
| 2025-01-06 | 30.45 g/t Gold Equivalent over 1.1 m from 146.0 m | Very High Grade | Moderate Thickness | Moderate Depth |
| 2023-12-19 | 0.38 g/t Gold Equivalent over 8.0 m from 12.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2023-12-19 | 0.51 g/t Gold Equivalent over 10.0 m from 23.0 m | Moderate Grade | Very Thick | Shallow |
| 2023-12-19 | 0.50 g/t Gold Equivalent over 22.0 m from 35.0 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.