Las Cucharas 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
Las Cucharas is located in Mexico, 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, very high relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic 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 high grade, moderate length, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2013-05-29 | 2.03 g/t Gold Equivalent over 1.5 m from 168.5 m | High Grade | Moderate Thickness | Moderate Depth |
| 2013-05-29 | 0.64 g/t Gold Equivalent over 5.0 m from 141.0 m | Moderate Grade | Thick | Moderate Depth |
| 2013-05-29 | 0.92 g/t Gold Equivalent over 3.0 m from 97.2 m | Moderate Grade | Thick | Moderate Depth |
| 2013-05-29 | 2.36 g/t Gold Equivalent over 0.4 m from 93.8 m | High Grade | Very Thin | Moderate Depth |
| 2013-05-29 | 2.78 g/t Gold Equivalent over 0.3 m from 93.8 m | High Grade | Very Thin | Moderate Depth |
| 2013-05-29 | 1.53 g/t Gold Equivalent over 5.0 m from 83.0 m | High Grade | Thick | Moderate Depth |
| 2013-05-29 | 1.39 g/t Gold Equivalent over 14.3 m from 64.3 m | High Grade | Very Thick | Moderate Depth |
| 2013-05-29 | 1.94 g/t Gold Equivalent over 9.2 m from 64.3 m | High Grade | Very Thick | Moderate Depth |
| 2013-05-29 | 2.70 g/t Gold Equivalent over 4.7 m from 64.3 m | High Grade | Thick | Moderate Depth |
| 2013-05-29 | 3.53 g/t Gold Equivalent over 3.2 m from 64.3 m | High Grade | Thick | Moderate Depth |
| 2013-05-29 | 0.78 g/t Gold Equivalent over 1.0 m from 24.8 m | Moderate Grade | Thin | Shallow |
| 2013-05-29 | 0.57 g/t Gold Equivalent over 1.4 m from 14.1 m | Moderate Grade | Moderate Thickness | Very Shallow |
| 2013-05-29 | 0.56 g/t Gold Equivalent over 1.4 m from 251.7 m | Moderate Grade | Moderate Thickness | Deep |
| 2013-05-29 | 0.49 g/t Gold Equivalent over 7.0 m from 246.0 m | Moderate Grade | Very Thick | Deep |
| 2013-05-29 | 1.32 g/t Gold Equivalent over 1.5 m from 246.0 m | High Grade | Moderate Thickness | 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.