Lundmark-Akow 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
Lundmark-Akow Lake 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 (moderate elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Metamorphics, under very thin 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 Equivalent) average very high grade, moderate length, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-02-14 | 5.91 g/t Gold Equivalent over 2.5 m from 208.2 m | Very High Grade | Thick | Moderate Depth |
| 2022-02-14 | 2.78 g/t Gold Equivalent over 5.0 m from 206.7 m | High Grade | Thick | Moderate Depth |
| 2022-02-14 | 4.70 g/t Gold Equivalent over 9.8 m from 60.1 m | Very High Grade | Very Thick | Moderate Depth |
| 2022-02-14 | 16.50 g/t Gold Equivalent over 2.5 m from 60.1 m | Very High Grade | Thick | Moderate Depth |
| 2022-02-14 | 2.94 g/t Gold Equivalent over 16.9 m from 53.0 m | High Grade | Very Thick | Moderate Depth |
| 2019-12-05 | 1.33 g/t Gold Equivalent over 13.2 m from 196.7 m | High Grade | Very Thick | Moderate Depth |
| 2019-12-05 | 47.85 g/t Gold Equivalent over 0.2 m from 104.2 m | Very High Grade | Very Thin | Moderate Depth |
| 2019-12-05 | 3.53 g/t Gold Equivalent over 3.2 m from 193.4 m | High Grade | Thick | Moderate Depth |
| 2019-12-05 | 1.60 g/t Gold Equivalent over 22.6 m from 187.3 m | High Grade | Very Thick | Moderate Depth |
| 2019-12-05 | 1.16 g/t Gold Equivalent over 6.1 m from 187.3 m | Moderate Grade | Thick | Moderate Depth |
| 2019-12-05 | 1.77 g/t Gold Equivalent over 0.6 m from 126.0 m | High Grade | Thin | Moderate Depth |
| 2019-12-05 | 1.87 g/t Gold Equivalent over 2.6 m from 124.0 m | High Grade | Thick | Moderate Depth |
| 2019-12-05 | 2.63 g/t Gold Equivalent over 2.6 m from 95.8 m | High Grade | Thick | Moderate Depth |
| 2019-12-05 | 0.95 g/t Gold Equivalent over 10.2 m from 53.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2019-12-05 | 1.78 g/t Gold Equivalent over 3.1 m from 17.1 m | High Grade | Thick | Very Shallow |
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.