Joy 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
Joy 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 (high elevation, moderate relief, polar climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under very 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 moderate grade, very long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2026-02-19 | 0.60 g/t Gold Equivalent over 45.0 m from 975.0 m | Moderate Grade | Very Thick | Very Deep |
| 2026-02-19 | 1.54 g/t Gold Equivalent over 45.0 m from 981.0 m | High Grade | Very Thick | Very Deep |
| 2026-02-19 | 0.84 g/t Gold Equivalent over 243.0 m from 876.0 m | Moderate Grade | Very Thick | Very Deep |
| 2026-02-19 | 0.73 g/t Gold Equivalent over 300.0 m from 819.0 m | Moderate Grade | Very Thick | Very Deep |
| 2026-02-19 | 2.08 g/t Gold Equivalent over 9.0 m from 1,053.0 m | High Grade | Very Thick | Very Deep |
| 2026-02-19 | 0.32 g/t Gold Equivalent over 63.0 m from 1,173.0 m | Moderate Grade | Very Thick | Very Deep |
| 2026-02-19 | 0.26 g/t Gold Equivalent over 19.3 m from 634.6 m | Moderate Grade | Very Thick | Very Deep |
| 2026-02-19 | 0.20 g/t Gold Equivalent over 48.0 m from 798.0 m | Low Grade | Very Thick | Very Deep |
| 2026-02-19 | 0.42 g/t Gold Equivalent over 56.9 m from 384.0 m | Moderate Grade | Very Thick | Deep |
| 2026-02-19 | 0.31 g/t Gold Equivalent over 149.8 m from 291.0 m | Moderate Grade | Very Thick | Deep |
| 2026-02-19 | 1.23 g/t Gold Equivalent over 135.0 m from 960.0 m | High Grade | Very Thick | Very Deep |
| 2026-01-23 | 0.57 g/t Gold Equivalent over 98.5 m from 180.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2026-01-23 | 0.50 g/t Gold Equivalent over 85.4 m from 327.0 m | Moderate Grade | Very Thick | Deep |
| 2026-01-23 | 0.38 g/t Gold Equivalent over 237.0 m from 240.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2026-01-23 | 0.59 g/t Gold Equivalent over 114.8 m from 303.0 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.