Gowganda West 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
Gowganda West is located in Canada, 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, low relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under thin lithosphere with thin sedimentary cover in a Archean Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average low grade, short, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2026-02-26 | 0.42 g/t Gold over 278.4 m from 45.1 m | Moderate Grade | Very Thick | Shallow |
| 2026-02-26 | 0.82 g/t Gold over 3.0 m from 530.0 m | Moderate Grade | Thick | Very Deep |
| 2026-02-26 | 1.02 g/t Gold over 2.7 m from 275.2 m | Moderate Grade | Thick | Deep |
| 2026-02-26 | 0.32 g/t Gold over 11.2 m from 205.4 m | Moderate Grade | Very Thick | Moderate Depth |
| 2026-02-26 | 0.34 g/t Gold over 3.5 m from 145.0 m | Moderate Grade | Thick | Moderate Depth |
| 2026-02-26 | 0.30 g/t Gold over 0.5 m from 138.0 m | Moderate Grade | Very Thin | Moderate Depth |
| 2026-02-26 | 0.22 g/t Gold over 10.0 m from 363.0 m | Moderate Grade | Very Thick | Deep |
| 2026-02-26 | 0.45 g/t Gold over 7.5 m from 111.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2026-02-26 | 1.03 g/t Gold over 11.0 m from 134.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2026-02-26 | 0.31 g/t Gold over -1.0 m from 73.0 m | Moderate Grade | Very Thin | Moderate Depth |
| 2026-02-26 | 0.52 g/t Gold over 8.8 m from 34.5 m | Moderate Grade | Very Thick | Shallow |
| 2026-02-26 | 0.30 g/t Gold over 15.1 m from 267.9 m | Moderate Grade | Very Thick | Deep |
| 2026-02-26 | 0.55 g/t Gold over 7.8 m from 289.1 m | Moderate Grade | Very Thick | Deep |
| 2026-02-26 | 0.29 g/t Gold over 28.9 m from 259.9 m | Moderate Grade | Very Thick | Deep |
| 2026-02-26 | 0.32 g/t Gold over 11.3 m from 416.2 m | Moderate 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.