Los Santos 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
Los Santos is located in Ecuador, South America. The surrounding region has historically demonstrated a very high potential for gold endowment and is proximal to other gold properties. Physical setting (very low elevation, very high relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Alluvial deposits, under thick lithosphere with very 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 low grade, very long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-06-22 | 0.19 g/t Gold Equivalent over 3.6 m from 137.0 m | Low Grade | Thick | Moderate Depth |
| 2022-06-22 | 0.32 g/t Gold Equivalent over 3.9 m from 10.4 m | Moderate Grade | Thick | Very Shallow |
| 2022-06-22 | 0.39 g/t Gold Equivalent over 1.8 m from 10.8 m | Moderate Grade | Moderate Thickness | Very Shallow |
| 2022-06-22 | 1.03 g/t Gold Equivalent over 3.3 m from 7.1 m | Moderate Grade | Thick | Very Shallow |
| 2022-06-22 | 0.16 g/t Gold Equivalent over 1.9 m from 13.4 m | Low Grade | Moderate Thickness | Very Shallow |
| 2022-06-22 | 1.18 g/t Gold Equivalent over 5.8 m from 5.2 m | Moderate Grade | Thick | Very Shallow |
| 2022-06-22 | 0.87 g/t Gold Equivalent over 22.2 m from 5.1 m | Moderate Grade | Very Thick | Very Shallow |
| 2022-06-22 | 0.28 g/t Gold Equivalent over 6.1 m from 39.6 m | Moderate Grade | Thick | Shallow |
| 2022-06-22 | 0.34 g/t Gold Equivalent over 20.6 m from 84.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-06-22 | 0.33 g/t Gold Equivalent over 10.7 m from 124.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-06-22 | 0.92 g/t Gold Equivalent over 67.6 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2022-06-22 | 0.67 g/t Gold Equivalent over 103.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2022-05-31 | 0.40 g/t Gold Equivalent over 15.7 m from 56.7 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-05-31 | 0.20 g/t Gold Equivalent over 52.4 m from 78.1 m | Low Grade | Very Thick | Moderate Depth |
| 2022-05-31 | 0.20 g/t Gold Equivalent over 32.7 m from 292.7 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.