Richardson 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
Richardson Lake 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, low relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Metamorphics, under 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) average high grade, moderate length, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2014-09-25 | 1.63 g/t Gold over 13.0 m from 369.0 m | High Grade | Very Thick | Deep |
| 2014-09-25 | 0.86 g/t Gold over 4.0 m from 369.0 m | Moderate Grade | Thick | Deep |
| 2014-09-25 | 3.46 g/t Gold over 5.0 m from 377.0 m | High Grade | Thick | Deep |
| 2014-09-25 | 15.48 g/t Gold over 1.0 m from 381.0 m | Very High Grade | Thin | Deep |
| 2012-04-30 | 1.83 g/t Gold over 15.0 m from 354.0 m | High Grade | Very Thick | Deep |
| 2012-04-30 | 2.95 g/t Gold over 9.0 m from 359.0 m | High Grade | Very Thick | Deep |
| 2012-04-30 | 6.00 g/t Gold over 4.0 m from 361.0 m | Very High Grade | Thick | Deep |
| 2012-04-30 | 7.40 g/t Gold over 3.0 m from 361.0 m | Very High Grade | Thick | Deep |
| 2012-04-30 | 11.10 g/t Gold over 1.0 m from 361.0 m | Very High Grade | Thin | Deep |
| 2012-02-22 | 1.40 g/t Gold over 10.0 m from 47.0 m | High Grade | Very Thick | Shallow |
| 2012-02-22 | 3.96 g/t Gold over 3.0 m from 54.0 m | High Grade | Thick | Moderate Depth |
| 2012-02-22 | 7.88 g/t Gold over 0.5 m from 55.0 m | Very High Grade | Very Thin | Moderate Depth |
| 2012-02-22 | 1.34 g/t Gold over 9.5 m from 111.5 m | High Grade | Very Thick | Moderate Depth |
| 2012-02-22 | 2.80 g/t Gold over 2.5 m from 111.5 m | High Grade | Thick | Moderate Depth |
| 2012-02-22 | 1.82 g/t Gold over 2.0 m from 119.0 m | High Grade | Moderate Thickness | 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.