Reliance 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
Reliance 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 (very high elevation, very high relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under thin 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 Equivalent) average very high grade, long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-07-29 | 2.34 g/t Gold Equivalent over 14.1 m from 301.5 m | High Grade | Very Thick | Deep |
| 2025-07-29 | 7.19 g/t Gold Equivalent over 1.6 m from 303.5 m | Very High Grade | Moderate Thickness | Deep |
| 2025-07-29 | 7.06 g/t Gold Equivalent over 2.5 m from 313.1 m | Very High Grade | Thick | Deep |
| 2025-07-29 | 2.22 g/t Gold Equivalent over 17.5 m from 171.0 m | High Grade | Very Thick | Moderate Depth |
| 2025-07-29 | 5.58 g/t Gold Equivalent over 3.0 m from 176.5 m | Very High Grade | Thick | Moderate Depth |
| 2025-07-29 | 3.25 g/t Gold Equivalent over 0.5 m from 216.0 m | High Grade | Very Thin | Moderate Depth |
| 2025-07-29 | 2.40 g/t Gold Equivalent over 0.5 m from 223.2 m | High Grade | Very Thin | Moderate Depth |
| 2025-07-29 | 4.12 g/t Gold Equivalent over 0.9 m from 232.4 m | High Grade | Thin | Moderate Depth |
| 2025-07-29 | 10.15 g/t Gold Equivalent over 0.8 m from 225.0 m | Very High Grade | Thin | Moderate Depth |
| 2025-07-29 | 5.63 g/t Gold Equivalent over 3.3 m from 225.0 m | Very High Grade | Thick | Moderate Depth |
| 2025-07-29 | 11.21 g/t Gold Equivalent over 3.0 m from 253.0 m | Very High Grade | Thick | Deep |
| 2025-07-29 | 11.35 g/t Gold Equivalent over 0.6 m from 270.8 m | Very High Grade | Thin | Deep |
| 2025-06-23 | 0.03 g/t Gold Equivalent over 1.2 m from 357.8 m | Low Grade | Moderate Thickness | Deep |
| 2025-06-23 | 13.00 g/t Gold Equivalent over 1.7 m from 342.0 m | Very High Grade | Moderate Thickness | Deep |
| 2025-06-23 | 8.66 g/t Gold Equivalent over 1.6 m from 340.4 m | Very High Grade | Moderate Thickness | 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.