Contact Lake 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
Contact Lake is located in Canada, 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 (moderate elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Metamorphics, under thick lithosphere with thin sedimentary cover in a Early Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very high grade, very long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2026-01-20 | 9.35 g/t Gold over 7.0 m from 480.0 m | Very High Grade | Very Thick | Very Deep |
| 2026-01-20 | 3.46 g/t Gold over 2.5 m from 523.5 m | High Grade | Thick | Very Deep |
| 2026-01-20 | 4.55 g/t Gold over 1.0 m from 364.0 m | Very High Grade | Thin | Deep |
| 2026-01-20 | 1.89 g/t Gold over 4.0 m from 509.0 m | High Grade | Thick | Very Deep |
| 2026-01-20 | 1.72 g/t Gold over 3.6 m from 501.0 m | High Grade | Thick | Very Deep |
| 2026-01-20 | 2.61 g/t Gold over 49.0 m from 467.0 m | High Grade | Very Thick | Very Deep |
| 2026-01-20 | 4.68 g/t Gold over 22.0 m from 472.0 m | Very High Grade | Very Thick | Very Deep |
| 2026-01-20 | 15.05 g/t Gold over 2.0 m from 481.0 m | Very High Grade | Moderate Thickness | Very Deep |
| 2026-01-20 | 5.73 g/t Gold over 15.0 m from 472.0 m | Very High Grade | Very Thick | Very Deep |
| 2026-01-20 | 11.53 g/t Gold over 2.3 m from 476.5 m | Very High Grade | Thick | Very Deep |
| 2026-01-20 | 4.09 g/t Gold over 18.2 m from 469.8 m | High Grade | Very Thick | Very Deep |
| 2026-01-20 | 10.09 g/t Gold over 1.7 m from 469.8 m | Very High Grade | Moderate Thickness | Very Deep |
| 2026-01-20 | 5.70 g/t Gold over 9.0 m from 469.8 m | Very High Grade | Very Thick | Very Deep |
| 2026-01-20 | 2.62 g/t Gold over 37.4 m from 465.6 m | High Grade | Very Thick | Very Deep |
| 2026-01-20 | 4.91 g/t Gold over 4.0 m from 575.0 m | Very High Grade | Thick | Very 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.