Gossan Hill/Rug 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
Gossan Hill/Rug is located in Canada, 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 (moderate elevation, low relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under thick lithosphere with moderately thick sedimentary cover in a Early Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average high grade, moderate length, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2013-05-10 | 1.74 g/t Gold Equivalent over 1.0 m from 162.0 m | High Grade | Thin | Moderate Depth |
| 2013-05-10 | 3.41 g/t Gold Equivalent over 3.8 m from 448.2 m | High Grade | Thick | Deep |
| 2013-05-10 | 1.95 g/t Gold Equivalent over 1.8 m from 130.8 m | High Grade | Moderate Thickness | Moderate Depth |
| 2013-05-10 | 3.44 g/t Gold Equivalent over 1.8 m from 142.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2013-05-10 | 12.99 g/t Gold Equivalent over 4.7 m from 104.0 m | Very High Grade | Thick | Moderate Depth |
| 2013-05-10 | 1.86 g/t Gold Equivalent over 2.5 m from 720.0 m | High Grade | Thick | Very Deep |
| 2013-05-10 | 1.44 g/t Gold Equivalent over 5.0 m from 107.0 m | High Grade | Thick | Moderate Depth |
| 2013-05-10 | 1.12 g/t Gold Equivalent over 3.5 m from 123.5 m | Moderate Grade | Thick | Moderate Depth |
| 2013-05-10 | 1.59 g/t Gold Equivalent over 0.5 m from 161.5 m | High Grade | Very Thin | Moderate Depth |
| 2012-05-22 | 0.82 g/t Gold Equivalent over 2.4 m from 138.3 m | Moderate Grade | Thick | Moderate Depth |
| 2012-05-22 | 0.90 g/t Gold Equivalent over 3.6 m from 369.9 m | Moderate Grade | Thick | Deep |
| 2012-05-22 | 0.92 g/t Gold Equivalent over 74.3 m from 412.6 m | Moderate Grade | Very Thick | Deep |
| 2012-05-22 | 1.68 g/t Gold Equivalent over 33.2 m from 450.7 m | High Grade | Very Thick | Deep |
| 2012-05-22 | 2.47 g/t Gold Equivalent over 6.1 m from 453.6 m | High Grade | Thick | Deep |
| 2012-05-22 | 3.92 g/t Gold Equivalent over 4.2 m from 478.1 m | High Grade | Thick | Very Deep |
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.