Idefix-Ukunngaalik 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
Idefix-Ukunngaalik is located in Canada, North America. The surrounding region has historically demonstrated a 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 Precambrian rocks, under moderately thick lithosphere with thin sedimentary cover in a Early Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average moderate grade, long, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2013-10-10 | 0.25 g/t Gold Equivalent over 1.0 m from 35.0 m | Moderate Grade | Thin | Shallow |
| 2013-10-10 | 0.12 g/t Gold Equivalent over 34.0 m from 111.0 m | Low Grade | Very Thick | Moderate Depth |
| 2013-10-10 | 0.18 g/t Gold Equivalent over 2.0 m from 47.0 m | Low Grade | Moderate Thickness | Shallow |
| 2013-10-10 | 0.10 g/t Gold Equivalent over 14.5 m from 28.5 m | Low Grade | Very Thick | Shallow |
| 2013-10-10 | 0.08 g/t Gold Equivalent over 19.0 m from 78.0 m | Low Grade | Very Thick | Moderate Depth |
| 2013-10-10 | 0.58 g/t Gold Equivalent over 1.5 m from 69.5 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2013-10-10 | 0.29 g/t Gold Equivalent over 1.0 m from 24.0 m | Moderate Grade | Thin | Shallow |
| 2013-10-10 | 0.16 g/t Gold Equivalent over 3.7 m from 21.3 m | Low Grade | Thick | Shallow |
| 2013-10-10 | 0.26 g/t Gold Equivalent over 3.0 m from 30.0 m | Moderate Grade | Thick | Shallow |
| 2013-10-10 | 0.14 g/t Gold Equivalent over 17.0 m from 29.0 m | Low Grade | Very Thick | Shallow |
| 2013-10-10 | 0.14 g/t Gold Equivalent over 17.0 m from 35.0 m | Low Grade | Very Thick | Shallow |
| 2013-10-10 | 0.64 g/t Gold Equivalent over 1.0 m from 34.0 m | Moderate Grade | Thin | Shallow |
| 2013-10-10 | 0.13 g/t Gold Equivalent over 17.0 m from 24.0 m | Low Grade | Very Thick | Shallow |
| 2013-10-10 | 0.12 g/t Gold Equivalent over 20.0 m from 28.0 m | Low Grade | Very Thick | Shallow |
| 2013-10-10 | 0.10 g/t Gold Equivalent over 24.0 m from 34.0 m | Low Grade | Very Thick | 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.