Carscallen 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
Carscallen 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 Complex lithology, under 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 Equivalent) average very high grade, short, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-03-10 | 2.60 g/t Gold Equivalent over 2.0 m from 588.2 m | High Grade | Thick | Very Deep |
| 2023-03-10 | 3.59 g/t Gold Equivalent over 0.5 m from 596.0 m | High Grade | Very Thin | Very Deep |
| 2023-03-10 | 1.59 g/t Gold Equivalent over 0.5 m from 633.0 m | High Grade | Very Thin | Very Deep |
| 2023-03-10 | 1.13 g/t Gold Equivalent over 2.0 m from 735.0 m | Moderate Grade | Moderate Thickness | Very Deep |
| 2023-03-10 | 23.10 g/t Gold Equivalent over 0.6 m from 443.5 m | Very High Grade | Thin | Deep |
| 2023-03-10 | 49.60 g/t Gold Equivalent over 0.5 m from 396.0 m | Very High Grade | Very Thin | Deep |
| 2023-03-10 | 16.80 g/t Gold Equivalent over 1.5 m from 395.0 m | Very High Grade | Moderate Thickness | Deep |
| 2023-03-10 | 2.07 g/t Gold Equivalent over 1.5 m from 307.5 m | High Grade | Moderate Thickness | Deep |
| 2023-03-10 | 2.29 g/t Gold Equivalent over 0.8 m from 301.2 m | High Grade | Thin | Deep |
| 2023-03-10 | 9.96 g/t Gold Equivalent over 0.5 m from 292.0 m | Very High Grade | Very Thin | Deep |
| 2023-03-10 | 2.32 g/t Gold Equivalent over 0.5 m from 287.5 m | High Grade | Very Thin | Deep |
| 2023-03-10 | 19.50 g/t Gold Equivalent over 0.6 m from 195.4 m | Very High Grade | Thin | Moderate Depth |
| 2023-03-10 | 8.19 g/t Gold Equivalent over 1.5 m from 194.5 m | Very High Grade | Moderate Thickness | Moderate Depth |
| 2023-03-10 | 2.29 g/t Gold Equivalent over 0.7 m from 100.2 m | High Grade | Thin | Moderate Depth |
| 2023-03-10 | 7.92 g/t Gold Equivalent over 0.5 m from 502.0 m | Very High Grade | Very Thin | Very 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.