Prospect Mountain ETAR 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
Prospect Mountain ETAR 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, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Alluvial deposits, 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 moderate grade, long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-01-28 | 0.85 g/t Gold Equivalent over 3.1 m from 210.3 m | Moderate Grade | Thick | Moderate Depth |
| 2025-01-28 | 0.21 g/t Gold Equivalent over 3.1 m from 1.5 m | Moderate Grade | Thick | Very Shallow |
| 2025-01-28 | 0.27 g/t Gold Equivalent over 1.6 m from 134.1 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-01-28 | 3.38 g/t Gold Equivalent over 1.5 m from 38.1 m | High Grade | Moderate Thickness | Shallow |
| 2025-01-28 | 0.32 g/t Gold Equivalent over 18.2 m from 91.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-01-28 | 0.21 g/t Gold Equivalent over 19.8 m from 120.4 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-01-28 | 0.25 g/t Gold Equivalent over 1.6 m from 9.1 m | Moderate Grade | Moderate Thickness | Very Shallow |
| 2025-01-28 | 0.26 g/t Gold Equivalent over 1.6 m from 33.5 m | Moderate Grade | Moderate Thickness | Shallow |
| 2025-01-28 | 0.45 g/t Gold Equivalent over 10.7 m from 96.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-01-28 | 0.74 g/t Gold Equivalent over 1.5 m from 38.1 m | Moderate Grade | Moderate Thickness | Shallow |
| 2025-01-28 | 0.37 g/t Gold Equivalent over 19.8 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-01-28 | 0.55 g/t Gold Equivalent over 12.2 m from 50.3 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-01-28 | 2.00 g/t Gold Equivalent over 1.5 m from 93.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-01-28 | 0.71 g/t Gold Equivalent over 15.2 m from 93.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-01-28 | 3.90 g/t Gold Equivalent over 1.5 m from 106.7 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.