Santa Lucia 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 Lucia 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 (very high elevation, very 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 very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2012-05-01 | 0.54 g/t Gold Equivalent over 19.5 m from 3.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2012-05-01 | 0.87 g/t Gold Equivalent over 22.3 m from 42.7 m | Moderate Grade | Very Thick | Shallow |
| 2012-05-01 | 0.41 g/t Gold Equivalent over 36.6 m from 48.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2012-05-01 | 0.91 g/t Gold Equivalent over 13.3 m from 7.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2012-05-01 | 0.83 g/t Gold Equivalent over 22.9 m from 23.1 m | Moderate Grade | Very Thick | Shallow |
| 2012-05-01 | 1.38 g/t Gold Equivalent over 17.2 m from 4.5 m | High Grade | Very Thick | Very Shallow |
| 2012-05-01 | 0.24 g/t Gold Equivalent over 3.1 m from 49.0 m | Moderate Grade | Thick | Moderate Depth |
| 2012-05-01 | 0.26 g/t Gold Equivalent over 1.4 m from 22.5 m | Moderate Grade | Moderate Thickness | Shallow |
| 2012-05-01 | 0.19 g/t Gold Equivalent over 0.5 m from 28.1 m | Low Grade | Thin | Shallow |
| 2012-05-01 | 0.25 g/t Gold Equivalent over 2.7 m from 52.9 m | Moderate Grade | Thick | Moderate Depth |
| 2012-05-01 | 0.45 g/t Gold Equivalent over 14.9 m from 40.0 m | Moderate Grade | Very Thick | Shallow |
| 2012-05-01 | 1.10 g/t Gold Equivalent over 0.8 m from 48.0 m | Moderate Grade | Thin | Shallow |
| 2012-05-01 | 0.23 g/t Gold Equivalent over 4.0 m from 37.0 m | Moderate Grade | Thick | Shallow |
| 2012-05-01 | 0.96 g/t Gold Equivalent over 13.1 m from 18.1 m | Moderate Grade | Very Thick | Shallow |
| 2012-05-01 | 0.96 g/t Gold Equivalent over 3.7 m from 101.7 m | Moderate Grade | Thick | 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.