Pic (Project Idaho) 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
Pic (Project Idaho) 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 moderately 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 moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-11-21 | 0.02 g/t Gold Equivalent over 3.6 m from 22.9 m | Low Grade | Thick | Shallow |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 3.4 m from 164.5 m | Low Grade | Thick | Moderate Depth |
| 2023-11-21 | 0.03 g/t Gold Equivalent over 2.2 m from 4.7 m | Low Grade | Thick | Very Shallow |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 13.7 m from 200.2 m | Low Grade | Very Thick | Moderate Depth |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 13.7 m from 200.3 m | Low Grade | Very Thick | Moderate Depth |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 22.6 m from 213.9 m | Low Grade | Very Thick | Moderate Depth |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 22.5 m from 214.0 m | Low Grade | Very Thick | Moderate Depth |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 2.1 m from 3.8 m | Low Grade | Thick | Very Shallow |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 1.6 m from 11.8 m | Low Grade | Moderate Thickness | Very Shallow |
| 2023-11-21 | 0.03 g/t Gold Equivalent over 2.2 m from 4.7 m | Low Grade | Thick | Very Shallow |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 2.1 m from 3.8 m | Low Grade | Thick | Very Shallow |
| 2023-11-21 | 0.03 g/t Gold Equivalent over 2.2 m from 75.0 m | Low Grade | Thick | Moderate Depth |
| 2023-11-21 | 0.02 g/t Gold Equivalent over 3.0 m from 220.0 m | Low Grade | Thick | Moderate Depth |
| 2023-11-21 | 0.03 g/t Gold Equivalent over 1.7 m from 159.2 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2023-11-21 | 0.03 g/t Gold Equivalent over 1.7 m from 159.2 m | Low 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.