Up Town 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
Up Town is located in Canada, North America. The surrounding region has historically demonstrated a very low potential for gold endowment and is 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 Carbonate sedimentary rocks, under thick lithosphere with moderately thick sedimentary cover in a Early Proterozoic Platform tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average very high grade, very short, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2017-11-27 | 0.32 g/t Gold Equivalent over 9.1 m from 25.9 m | Moderate Grade | Very Thick | Shallow |
| 2017-11-27 | 0.34 g/t Gold Equivalent over 1.0 m from 29.2 m | Moderate Grade | Thin | Shallow |
| 2017-11-27 | 1.23 g/t Gold Equivalent over 0.7 m from 24.5 m | High Grade | Thin | Shallow |
| 2017-11-27 | 0.62 g/t Gold Equivalent over 7.0 m from 39.6 m | Moderate Grade | Very Thick | Shallow |
| 2017-11-27 | 2.16 g/t Gold Equivalent over 0.9 m from 33.1 m | High Grade | Thin | Shallow |
| 2017-11-27 | 5.12 g/t Gold Equivalent over 0.3 m from 45.3 m | Very High Grade | Very Thin | Shallow |
| 2017-11-27 | 2.73 g/t Gold Equivalent over 0.6 m from 26.0 m | High Grade | Thin | Shallow |
| 2017-11-27 | 0.34 g/t Gold Equivalent over 0.3 m from 48.0 m | Moderate Grade | Very Thin | Shallow |
| 2017-11-27 | 32.60 g/t Gold Equivalent over 0.4 m from 14.8 m | Very High Grade | Very Thin | Very Shallow |
| 2017-11-27 | 3.30 g/t Gold Equivalent over 3.5 m from 13.8 m | High Grade | Thick | Very Shallow |
| 2017-11-27 | 35.00 g/t Gold Equivalent over 0.3 m from 16.1 m | Very High Grade | Very Thin | Very Shallow |
| 2017-11-27 | 3.73 g/t Gold Equivalent over 3.3 m from 15.0 m | High Grade | Thick | Very Shallow |
| 2017-11-27 | 0.90 g/t Gold Equivalent over 2.5 m from 14.5 m | Moderate Grade | Thick | Very Shallow |
| 2017-11-27 | 0.52 g/t Gold Equivalent over 1.0 m from 30.5 m | Moderate Grade | Thin | Shallow |
| 2017-11-27 | 1.08 g/t Gold Equivalent over 2.0 m from 28.5 m | Moderate 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.