Sarape 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
Sarape is located in Mexico, North America. The surrounding region has historically demonstrated a high potential for gold endowment and is very proximal to other gold properties. Physical setting (high elevation, high relief, dry 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 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 |
|---|---|---|---|---|
| 2025-07-23 | 1.58 g/t Gold Equivalent over 6.8 m from 93.9 m | High Grade | Thick | Moderate Depth |
| 2019-07-23 | 0.29 g/t Gold Equivalent over 24.7 m from 179.4 m | Moderate Grade | Very Thick | Moderate Depth |
| 2019-07-23 | 1.73 g/t Gold Equivalent over 0.2 m from 227.6 m | High Grade | Very Thin | Moderate Depth |
| 2019-07-23 | 0.42 g/t Gold Equivalent over 8.5 m from 74.9 m | Moderate Grade | Very Thick | Moderate Depth |
| 2019-07-23 | 0.65 g/t Gold Equivalent over 4.3 m from 76.5 m | Moderate Grade | Thick | Moderate Depth |
| 2019-07-23 | 0.33 g/t Gold Equivalent over 7.5 m from 119.2 m | Moderate Grade | Very Thick | Moderate Depth |
| 2019-07-23 | 0.92 g/t Gold Equivalent over 1.4 m from 201.6 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2019-07-23 | 0.56 g/t Gold Equivalent over 1.5 m from 302.1 m | Moderate Grade | Moderate Thickness | Deep |
| 2019-07-23 | 0.16 g/t Gold Equivalent over 1.5 m from 306.6 m | Low Grade | Moderate Thickness | Deep |
| 2019-07-23 | 1.21 g/t Gold Equivalent over 1.5 m from 261.5 m | High Grade | Moderate Thickness | Deep |
| 2019-07-23 | 0.86 g/t Gold Equivalent over 2.2 m from 261.5 m | Moderate Grade | Thick | Deep |
| 2019-07-23 | 0.37 g/t Gold Equivalent over 3.2 m from 242.7 m | Moderate Grade | Thick | Deep |
| 2019-07-23 | 0.37 g/t Gold Equivalent over 2.9 m from 248.3 m | Moderate Grade | Thick | Deep |
| 2019-07-23 | 0.29 g/t Gold Equivalent over 11.6 m from 295.4 m | Moderate Grade | Very Thick | Deep |
| 2019-07-23 | 0.15 g/t Gold Equivalent over 8.3 m from 431.8 m | Low Grade | Very Thick | 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.