Los Venados 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
Los Venados is located in Mexico, North America. The surrounding region has historically demonstrated a very high potential for gold endowment and is very proximal to other gold properties. Physical setting (very high elevation, very high relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Carbonate sedimentary 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 Equivalent) average low grade, long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2019-06-09 | 0.22 g/t Gold Equivalent over 7.6 m from 285.0 m | Moderate Grade | Very Thick | Deep |
| 2019-06-09 | 0.18 g/t Gold Equivalent over 3.1 m from 285.0 m | Low Grade | Thick | Deep |
| 2019-06-09 | 0.32 g/t Gold Equivalent over 1.5 m from 298.7 m | Moderate Grade | Moderate Thickness | Deep |
| 2019-06-09 | 0.22 g/t Gold Equivalent over 3.0 m from 315.5 m | Moderate Grade | Thick | Deep |
| 2019-02-05 | 0.52 g/t Gold Equivalent over 3.0 m from 73.2 m | Moderate Grade | Thick | Moderate Depth |
| 2019-02-05 | 0.23 g/t Gold Equivalent over 18.3 m from 10.7 m | Moderate Grade | Very Thick | Very Shallow |
| 2019-02-05 | 0.18 g/t Gold Equivalent over 13.7 m from 0.0 m | Low Grade | Very Thick | Very Shallow |
| 2019-02-05 | 0.17 g/t Gold Equivalent over 4.6 m from 56.4 m | Low Grade | Thick | Moderate Depth |
| 2019-02-05 | 0.19 g/t Gold Equivalent over 16.8 m from 27.4 m | Low Grade | Very Thick | Shallow |
| 2019-02-05 | 0.54 g/t Gold Equivalent over 10.7 m from 36.6 m | Moderate Grade | Very Thick | Shallow |
| 2019-02-05 | 1.47 g/t Gold Equivalent over 0.0 m from 0.0 m | High Grade | Very Thin | Very Shallow |
| 2019-02-05 | 0.20 g/t Gold Equivalent over 7.6 m from 51.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2019-02-05 | 0.31 g/t Gold Equivalent over 7.6 m from 62.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2019-02-05 | 0.35 g/t Gold Equivalent over 4.6 m from 6.1 m | Moderate Grade | Thick | Very Shallow |
| 2019-02-05 | 0.71 g/t Gold Equivalent over 1.5 m from 33.5 m | Moderate Grade | Moderate Thickness | 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.