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 | 1.17 g/t Gold over 1.5 m from 205.7 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.49 g/t Gold over 1.5 m from 192.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 1.41 g/t Gold over 1.5 m from 193.5 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.71 g/t Gold over 1.5 m from 195.1 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.90 g/t Gold over 1.5 m from 196.6 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.57 g/t Gold over 1.5 m from 198.1 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.26 g/t Gold over 1.5 m from 199.6 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.54 g/t Gold over 1.5 m from 201.2 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.59 g/t Gold over 1.5 m from 202.7 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.82 g/t Gold over 1.5 m from 204.2 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.51 g/t Gold over 1.5 m from 207.3 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.43 g/t Gold over 1.5 m from 224.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.79 g/t Gold over 1.5 m from 208.8 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-03 | 0.56 g/t Gold over 1.5 m from 210.3 m | Moderate Grade | Moderate Thickness | 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.