Athelstan-Jackpot 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
Athelstan-Jackpot 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, high relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, 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) average high grade, short, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-01-26 | 1.10 g/t Gold over 1.1 m from 26.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2024-01-26 | 0.60 g/t Gold over 1.9 m from 28.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2024-01-26 | 0.40 g/t Gold over 3.8 m from 28.0 m | Moderate Grade | Thick | Shallow |
| 2021-05-20 | 8.98 g/t Gold over 0.8 m from 20.4 m | Very High Grade | Thin | Shallow |
| 2021-05-20 | 8.92 g/t Gold over 0.4 m from 17.4 m | Very High Grade | Very Thin | Shallow |
| 2021-05-20 | 7.88 g/t Gold over 1.2 m from 9.6 m | Very High Grade | Moderate Thickness | Very Shallow |
| 2021-05-20 | 1.78 g/t Gold over 14.7 m from 9.6 m | High Grade | Very Thick | Very Shallow |
| 2021-05-20 | 0.19 g/t Gold over 1.8 m from 25.6 m | Low Grade | Moderate Thickness | Shallow |
| 2021-05-20 | 9.35 g/t Gold over 0.4 m from 18.0 m | Very High Grade | Very Thin | Shallow |
| 2021-05-20 | 1.19 g/t Gold over 3.8 m from 14.6 m | Moderate Grade | Thick | Very Shallow |
| 2021-05-20 | 0.15 g/t Gold over 3.0 m from 127.1 m | Low Grade | Thick | Moderate Depth |
| 2021-04-29 | 0.10 g/t Gold over 2.5 m from 106.8 m | Low Grade | Thick | Moderate Depth |
| 2021-04-29 | 0.17 g/t Gold over 5.5 m from 218.7 m | Low Grade | Thick | Moderate Depth |
| 2021-04-29 | 6.14 g/t Gold over 1.9 m from 20.4 m | Very High Grade | Moderate Thickness | Shallow |
| 2021-04-29 | 0.15 g/t Gold over 1.6 m from 28.5 m | Low Grade | Moderate Thickness | 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.