Lapon 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
Lapon is located in United States, 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 (very high elevation, high relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under thin lithosphere with thin sedimentary cover in a Meso- and Cenozoic Extended Crust tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very high grade, very long, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-01-10 | 4.13 g/t Gold over 1.5 m from 125.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-01-10 | 2.32 g/t Gold over 13.7 m from 103.6 m | High Grade | Very Thick | Moderate Depth |
| 2025-01-10 | 4.08 g/t Gold over 3.1 m from 70.1 m | High Grade | Thick | Moderate Depth |
| 2025-01-10 | 1.90 g/t Gold over 7.6 m from 68.6 m | High Grade | Very Thick | Moderate Depth |
| 2025-01-10 | 4.79 g/t Gold over 4.6 m from 39.6 m | Very High Grade | Thick | Shallow |
| 2025-01-10 | 4.13 g/t Gold over 6.1 m from 25.9 m | High Grade | Thick | Shallow |
| 2025-01-10 | 2.58 g/t Gold over 27.4 m from 21.3 m | High Grade | Very Thick | Shallow |
| 2025-01-10 | 0.18 g/t Gold over 27.4 m from 91.4 m | Low Grade | Very Thick | Moderate Depth |
| 2025-01-10 | 0.24 g/t Gold over 10.7 m from 24.4 m | Moderate Grade | Very Thick | Shallow |
| 2025-01-10 | 0.14 g/t Gold over 25.9 m from 76.2 m | Low Grade | Very Thick | Moderate Depth |
| 2025-01-10 | 5.99 g/t Gold over 12.2 m from 45.7 m | Very High Grade | Very Thick | Shallow |
| 2025-01-10 | 2.70 g/t Gold over 33.5 m from 41.1 m | High Grade | Very Thick | Shallow |
| 2025-01-10 | 0.76 g/t Gold over 12.2 m from 38.1 m | Moderate Grade | Very Thick | Shallow |
| 2025-01-10 | 0.31 g/t Gold over 57.9 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-01-10 | 0.44 g/t Gold over 61.0 m from 0.0 m | Moderate Grade | Very 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.