FAD 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
FAD 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 very 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 |
|---|---|---|---|---|
| 2024-01-25 | 3.38 g/t Gold Equivalent over 1.2 m from 788.5 m | High Grade | Moderate Thickness | Very Deep |
| 2024-01-25 | 6.24 g/t Gold Equivalent over 3.1 m from 706.2 m | Very High Grade | Thick | Very Deep |
| 2024-01-25 | 11.02 g/t Gold Equivalent over 5.4 m from 687.0 m | Very High Grade | Thick | Very Deep |
| 2024-01-25 | 23.39 g/t Gold Equivalent over 2.6 m from 705.5 m | Very High Grade | Thick | Very Deep |
| 2024-01-25 | 12.63 g/t Gold Equivalent over 14.7 m from 732.0 m | Very High Grade | Very Thick | Very Deep |
| 2024-01-25 | 14.49 g/t Gold Equivalent over 0.9 m from 738.2 m | Very High Grade | Thin | Very Deep |
| 2024-01-25 | 6.80 g/t Gold Equivalent over 2.2 m from 763.2 m | Very High Grade | Thick | Very Deep |
| 2024-01-25 | 28.71 g/t Gold Equivalent over 3.4 m from 642.5 m | Very High Grade | Thick | Very Deep |
| 2024-01-25 | 11.81 g/t Gold Equivalent over 1.7 m from 673.4 m | Very High Grade | Moderate Thickness | Very Deep |
| 2024-01-25 | 2.83 g/t Gold Equivalent over 1.7 m from 698.4 m | High Grade | Moderate Thickness | Very Deep |
| 2024-01-25 | 11.84 g/t Gold Equivalent over 1.5 m from 647.1 m | Very High Grade | Moderate Thickness | Very Deep |
| 2024-01-25 | 4.95 g/t Gold Equivalent over 3.2 m from 597.0 m | Very High Grade | Thick | Very Deep |
| 2024-01-25 | 35.84 g/t Gold Equivalent over 2.1 m from 616.6 m | Very High Grade | Thick | Very Deep |
| 2024-01-25 | 9.31 g/t Gold Equivalent over 6.1 m from 644.3 m | Very High Grade | Thick | Very Deep |
| 2024-01-25 | 12.34 g/t Gold Equivalent over 2.0 m from 656.2 m | Very High Grade | Moderate Thickness | 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.