Santa Barbara 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
Santa Barbara is located in Colombia, South America. The surrounding region has historically demonstrated a high potential for gold endowment and is proximal to other gold properties. Physical setting (low elevation, very high relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, 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, very short, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-09-18 | 0.02 g/t Gold Equivalent over 0.5 m from 108.0 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 0.25 g/t Gold Equivalent over 0.3 m from 33.8 m | Moderate Grade | Very Thin | Shallow |
| 2025-09-18 | 0.02 g/t Gold Equivalent over 0.3 m from 34.1 m | Low Grade | Very Thin | Shallow |
| 2025-09-18 | 0.35 g/t Gold Equivalent over 0.5 m from 100.9 m | Moderate Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 0.02 g/t Gold Equivalent over 0.5 m from 107.0 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 5.40 g/t Gold Equivalent over 0.6 m from 107.5 m | Very High Grade | Thin | Moderate Depth |
| 2025-09-18 | 0.01 g/t Gold Equivalent over 0.3 m from 48.2 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 0.12 g/t Gold Equivalent over 0.2 m from 48.5 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 0.10 g/t Gold Equivalent over 0.2 m from 48.8 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 0.11 g/t Gold Equivalent over 0.2 m from 49.0 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 0.01 g/t Gold Equivalent over 0.5 m from 49.2 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 0.02 g/t Gold Equivalent over 0.5 m from 49.6 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 0.02 g/t Gold Equivalent over 0.6 m from 50.1 m | Low Grade | Thin | Moderate Depth |
| 2025-09-18 | 0.10 g/t Gold Equivalent over 0.1 m from 62.5 m | Low Grade | Very Thin | Moderate Depth |
| 2025-09-18 | 2.73 g/t Gold Equivalent over 0.2 m from 62.5 m | High Grade | Very Thin | 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.