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Drayton-Black Lake Property

Heritage Mining (HML.CN)
51% ownership interest
Expected NPV
—
Shown in the full report from 1,000 scenarios.
Market Cap
$2.9M
All dollar amounts in USD

Executive Summary

Locked

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

Drayton-Black Lake 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 (moderate elevation, low relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Metamorphics, under thin lithosphere with thin sedimentary cover in a Archean Shield tectonic province—factors that inform both deposit style and development complexity.

Drayton-Black Lake location map
Gold heat map of the world. Warm colors indicate high gold endowment. Try the interactive version here.

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
2025-05-07 0.78 g/t Gold Equivalent over 8.1 m from 62.5 m Moderate Grade Very Thick Moderate Depth
2025-05-07 1.78 g/t Gold Equivalent over 2.0 m from 18.0 m High Grade Moderate Thickness Shallow
2025-05-07 1.05 g/t Gold Equivalent over 6.0 m from 41.0 m Moderate Grade Thick Shallow
2025-05-07 1.77 g/t Gold Equivalent over 3.0 m from 71.0 m High Grade Thick Moderate Depth
2025-05-07 0.77 g/t Gold Equivalent over 4.0 m from 38.0 m Moderate Grade Thick Shallow
2025-05-07 0.23 g/t Gold Equivalent over 13.0 m from 52.0 m Moderate Grade Very Thick Moderate Depth
2024-09-20 0.30 g/t Gold Equivalent over 1.0 m from 48.0 m Moderate Grade Thin Shallow
2024-09-20 0.10 g/t Gold Equivalent over 1.0 m from 137.0 m Low Grade Thin Moderate Depth
2024-09-20 0.20 g/t Gold Equivalent over 1.0 m from 136.0 m Low Grade Thin Moderate Depth
2024-09-20 0.20 g/t Gold Equivalent over 1.4 m from 133.6 m Low Grade Moderate Thickness Moderate Depth
2024-09-20 0.30 g/t Gold Equivalent over 0.8 m from 124.2 m Moderate Grade Thin Moderate Depth
2024-09-20 0.10 g/t Gold Equivalent over 1.0 m from 122.5 m Low Grade Thin Moderate Depth
2024-09-20 0.20 g/t Gold Equivalent over 1.5 m from 41.0 m Low Grade Moderate Thickness Shallow
2024-09-20 2.90 g/t Gold Equivalent over 1.5 m from 44.0 m High Grade Moderate Thickness Shallow
2024-09-20 6.90 g/t Gold Equivalent over 1.5 m from 42.5 m Very High Grade Moderate Thickness Shallow
Rankings are relative to a large global database of gold intercepts.

Resource Potential

Locked

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

Locked

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

Locked

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.
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