Dungate 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
Dungate is located in Canada, North America. The surrounding region has historically demonstrated a high potential for gold endowment and is very proximal to other gold properties. Physical setting (moderate elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under moderately thick 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 very low grade, very long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-09-15 | 0.05 g/t Gold Equivalent over 6.0 m from 199.0 m | Low Grade | Thick | Moderate Depth |
| 2022-09-15 | 0.19 g/t Gold Equivalent over 3.0 m from 27.0 m | Low Grade | Thick | Shallow |
| 2022-09-15 | 0.41 g/t Gold Equivalent over 3.0 m from 36.0 m | Moderate Grade | Thick | Shallow |
| 2022-09-15 | 0.29 g/t Gold Equivalent over 3.0 m from 54.0 m | Moderate Grade | Thick | Moderate Depth |
| 2022-09-15 | 0.19 g/t Gold Equivalent over 42.0 m from 93.0 m | Low Grade | Very Thick | Moderate Depth |
| 2022-09-15 | 0.25 g/t Gold Equivalent over 18.0 m from 108.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-09-15 | 0.19 g/t Gold Equivalent over 18.0 m from 165.0 m | Low Grade | Very Thick | Moderate Depth |
| 2022-09-15 | 0.16 g/t Gold Equivalent over 6.0 m from 231.0 m | Low Grade | Thick | Moderate Depth |
| 2022-09-15 | 0.05 g/t Gold Equivalent over 34.0 m from 261.0 m | Low Grade | Very Thick | Deep |
| 2022-09-15 | 0.08 g/t Gold Equivalent over 8.0 m from 287.0 m | Low Grade | Very Thick | Deep |
| 2022-09-15 | 0.55 g/t Gold Equivalent over 2.0 m from 315.0 m | Moderate Grade | Moderate Thickness | Deep |
| 2022-09-15 | 0.20 g/t Gold Equivalent over 5.5 m from 9.5 m | Low Grade | Thick | Very Shallow |
| 2022-09-15 | 0.05 g/t Gold Equivalent over 9.0 m from 42.0 m | Low Grade | Very Thick | Shallow |
| 2022-09-15 | 0.16 g/t Gold Equivalent over 2.0 m from 161.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2022-09-15 | 0.33 g/t Gold Equivalent over 12.0 m from 387.0 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.