Biricu 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
Biricu is located in Mexico, North America. The surrounding region has historically demonstrated a very high potential for gold endowment and is proximal to other gold properties. Physical setting (high elevation, high relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Carbonate sedimentary 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 very low grade, long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-02-15 | 1.07 g/t Gold over 0.0 m from 0.0 m | Moderate Grade | Very Thin | Very Shallow |
| 2017-01-10 | 0.10 g/t Gold over 3.0 m from 387.1 m | Low Grade | Thick | Deep |
| 2017-01-10 | 0.10 g/t Gold over 2.0 m from 467.6 m | Low Grade | Moderate Thickness | Very Deep |
| 2017-01-10 | 0.11 g/t Gold over 1.6 m from 450.0 m | Low Grade | Moderate Thickness | Deep |
| 2017-01-10 | 0.12 g/t Gold over 5.9 m from 72.3 m | Low Grade | Thick | Moderate Depth |
| 2017-01-10 | 0.13 g/t Gold over 7.6 m from 528.3 m | Low Grade | Very Thick | Very Deep |
| 2017-01-10 | 0.10 g/t Gold over 3.0 m from 502.5 m | Low Grade | Thick | Very Deep |
| 2017-01-10 | 0.11 g/t Gold over 8.6 m from 479.0 m | Low Grade | Very Thick | Very Deep |
| 2017-01-10 | 0.18 g/t Gold over 6.1 m from 420.9 m | Low Grade | Thick | Deep |
| 2017-01-10 | 0.40 g/t Gold over 5.8 m from 411.9 m | Moderate Grade | Thick | Deep |
| 2017-01-10 | 0.10 g/t Gold over 4.4 m from 14.5 m | Low Grade | Thick | Very Shallow |
| 2017-01-10 | 0.18 g/t Gold over 3.0 m from 64.2 m | Low Grade | Thick | Moderate Depth |
| 2017-01-10 | 0.12 g/t Gold over 3.4 m from 345.1 m | Low Grade | Thick | Deep |
| 2017-01-10 | 0.15 g/t Gold over 24.4 m from 314.6 m | Low Grade | Very Thick | Deep |
| 2017-01-10 | 0.17 g/t Gold over 7.1 m from 283.0 m | Low 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.