Bull Run 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
Bull Run is located in United States, North America. The surrounding region has historically demonstrated a high potential for gold endowment and is very proximal to other gold properties. Physical setting (high elevation, high relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under very thin lithosphere with thin sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very low grade, very short, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-10-14 | 0.04 g/t Gold over 1.1 m from 25.9 m | Low Grade | Moderate Thickness | Shallow |
| 2025-10-14 | 0.02 g/t Gold over 1.0 m from 289.0 m | Low Grade | Thin | Deep |
| 2025-10-14 | 0.01 g/t Gold over 1.0 m from 288.0 m | Very Low Grade | Thin | Deep |
| 2025-10-14 | 0.01 g/t Gold over 1.5 m from 286.5 m | Very Low Grade | Moderate Thickness | Deep |
| 2025-10-14 | 0.01 g/t Gold over 2.0 m from 286.0 m | Very Low Grade | Moderate Thickness | Deep |
| 2025-10-14 | 0.01 g/t Gold over 1.5 m from 285.0 m | Very Low Grade | Moderate Thickness | Deep |
| 2025-10-14 | 0.02 g/t Gold over 2.0 m from 284.0 m | Low Grade | Moderate Thickness | Deep |
| 2025-10-14 | 0.03 g/t Gold over 1.0 m from 284.0 m | Low Grade | Thin | Deep |
| 2025-10-14 | 0.02 g/t Gold over 2.0 m from 282.0 m | Low Grade | Moderate Thickness | Deep |
| 2025-10-14 | 0.02 g/t Gold over 2.0 m from 282.0 m | Low Grade | Moderate Thickness | Deep |
| 2025-10-14 | 0.01 g/t Gold over 1.0 m from 281.0 m | Very Low Grade | Thin | Deep |
| 2025-10-14 | 0.02 g/t Gold over 2.0 m from 280.0 m | Low Grade | Moderate Thickness | Deep |
| 2025-10-14 | 0.01 g/t Gold over 1.0 m from 280.0 m | Very Low Grade | Thin | Deep |
| 2025-10-14 | 0.06 g/t Gold over 1.0 m from 279.0 m | Low Grade | Thin | Deep |
| 2025-10-14 | 0.02 g/t Gold over 2.0 m from 278.0 m | Low Grade | Moderate Thickness | 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.