Black Bear 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
Black Bear 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, very low 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 Archean Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average low grade, very short, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-05-04 | 0.10 g/t Gold over 0.6 m from 163.4 m | Low Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.10 g/t Gold over 0.7 m from 167.8 m | Low Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.34 g/t Gold over 0.3 m from 163.4 m | Moderate Grade | Very Thin | Moderate Depth |
| 2022-05-04 | 0.20 g/t Gold over 0.8 m from 291.0 m | Low Grade | Thin | Deep |
| 2022-05-04 | 0.18 g/t Gold over 0.6 m from 268.0 m | Low Grade | Thin | Deep |
| 2022-05-04 | 0.18 g/t Gold over 0.8 m from 244.7 m | Low Grade | Thin | Deep |
| 2022-05-04 | 0.17 g/t Gold over 0.7 m from 225.2 m | Low Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.28 g/t Gold over 1.0 m from 193.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.34 g/t Gold over 1.0 m from 192.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.26 g/t Gold over 1.0 m from 191.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.12 g/t Gold over 0.5 m from 189.0 m | Low Grade | Very Thin | Moderate Depth |
| 2022-05-04 | 0.11 g/t Gold over 0.8 m from 187.2 m | Low Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.32 g/t Gold over 0.8 m from 180.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.10 g/t Gold over 0.7 m from 179.3 m | Low Grade | Thin | Moderate Depth |
| 2022-05-04 | 0.11 g/t Gold over 0.8 m from 180.0 m | Low Grade | Thin | 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.