La Reyna - El Grande 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
La Reyna - El Grande is located in Mexico, North America. The surrounding region has historically demonstrated a moderate potential for gold endowment and is very proximal to other gold properties. Physical setting (very low elevation, high relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Mixed sedimentary rocks, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average moderate grade, short, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-04-09 | 3.10 g/t Gold Equivalent over 0.3 m from 105.5 m | High Grade | Very Thin | Moderate Depth |
| 2025-04-09 | 1.83 g/t Gold Equivalent over 6.8 m from 72.0 m | High Grade | Thick | Moderate Depth |
| 2025-04-09 | 1.99 g/t Gold Equivalent over 1.4 m from 72.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-04-09 | 3.84 g/t Gold Equivalent over 2.3 m from 12.4 m | High Grade | Thick | Very Shallow |
| 2025-04-09 | 1.66 g/t Gold Equivalent over 1.5 m from 28.0 m | High Grade | Moderate Thickness | Shallow |
| 2025-04-09 | 4.09 g/t Gold Equivalent over 2.1 m from 21.6 m | High Grade | Thick | Shallow |
| 2025-04-09 | 1.06 g/t Gold Equivalent over 0.7 m from 2.0 m | Moderate Grade | Thin | Very Shallow |
| 2025-04-09 | 2.50 g/t Gold Equivalent over 0.7 m from 54.1 m | High Grade | Thin | Moderate Depth |
| 2025-04-09 | 3.81 g/t Gold Equivalent over 1.1 m from 65.2 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-04-09 | 1.25 g/t Gold Equivalent over 4.7 m from 62.9 m | High Grade | Thick | Moderate Depth |
| 2025-04-09 | 4.66 g/t Gold Equivalent over 3.4 m from 46.4 m | Very High Grade | Thick | Shallow |
| 2025-04-09 | 2.00 g/t Gold Equivalent over 8.2 m from 42.6 m | High Grade | Very Thick | Shallow |
| 2025-04-09 | 2.58 g/t Gold Equivalent over 7.1 m from 42.6 m | High Grade | Very Thick | Shallow |
| 2025-04-09 | 1.08 g/t Gold Equivalent over 1.7 m from 42.6 m | Moderate Grade | Moderate Thickness | Shallow |
| 2025-04-09 | 0.37 g/t Gold Equivalent over 0.0 m from 0.0 m | Moderate Grade | Very Thin | Very 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.