Horse Heaven 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
Horse Heaven is located in United States, 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 (very high elevation, high relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under moderately thick 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 low grade, long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-11-03 | 0.78 g/t Gold over 70.1 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-11-03 | 2.10 g/t Gold over 1.5 m from 86.8 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 2.13 g/t Gold over 1.5 m from 83.8 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 2.50 g/t Gold over 0.9 m from 83.0 m | High Grade | Thin | Moderate Depth |
| 2025-11-03 | 2.30 g/t Gold over 1.4 m from 81.6 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 1.86 g/t Gold over 1.4 m from 80.2 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 1.57 g/t Gold over 0.6 m from 79.5 m | High Grade | Thin | Moderate Depth |
| 2025-11-03 | 1.25 g/t Gold over 0.9 m from 78.6 m | High Grade | Thin | Moderate Depth |
| 2025-11-03 | 0.87 g/t Gold over 0.9 m from 77.7 m | Moderate Grade | Thin | Moderate Depth |
| 2025-11-03 | 1.03 g/t Gold over 1.5 m from 76.2 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 1.37 g/t Gold over 1.5 m from 74.7 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.41 g/t Gold over 1.2 m from 73.5 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.58 g/t Gold over 1.0 m from 72.5 m | Moderate Grade | Thin | Moderate Depth |
| 2025-11-03 | 1.35 g/t Gold over 0.9 m from 71.6 m | High Grade | Thin | Moderate Depth |
| 2025-11-03 | 1.88 g/t Gold over 45.7 m from 71.6 m | High Grade | Very 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.