Appaloosa 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
Appaloosa is located in United States, 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 Basic volcanic rocks, under 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 deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-07-27 | 1.50 g/t Gold Equivalent over 1.6 m from 114.4 m | High Grade | Moderate Thickness | Moderate Depth |
| 2023-07-27 | 0.56 g/t Gold Equivalent over 29.0 m from 103.3 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-07-27 | 1.63 g/t Gold Equivalent over 1.5 m from 108.2 m | High Grade | Moderate Thickness | Moderate Depth |
| 2023-07-27 | 1.50 g/t Gold Equivalent over 1.4 m from 114.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2023-07-27 | 0.50 g/t Gold Equivalent over 12.4 m from 104.6 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-07-27 | 0.38 g/t Gold Equivalent over 1.8 m from 63.3 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2023-07-27 | 0.41 g/t Gold Equivalent over 19.0 m from 133.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-07-27 | 1.00 g/t Gold Equivalent over 1.5 m from 151.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2023-07-27 | 0.73 g/t Gold Equivalent over 26.9 m from 168.2 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-07-27 | 1.37 g/t Gold Equivalent over 4.9 m from 178.6 m | High Grade | Thick | Moderate Depth |
| 2023-07-27 | 8.26 g/t Gold Equivalent over 0.3 m from 323.6 m | Very High Grade | Very Thin | Deep |
| 2023-07-27 | 1.62 g/t Gold Equivalent over 0.5 m from 336.4 m | High Grade | Thin | Deep |
| 2023-07-27 | 0.46 g/t Gold Equivalent over 1.5 m from 251.0 m | Moderate Grade | Moderate Thickness | Deep |
| 2023-07-27 | 0.58 g/t Gold Equivalent over 4.0 m from 190.0 m | Moderate Grade | Thick | Moderate Depth |
| 2023-07-27 | 1.93 g/t Gold Equivalent over 1.5 m from 208.0 m | High Grade | Moderate Thickness | Moderate Depth |
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.