King Tut 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
King Tut 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 Complex lithology, 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 moderate grade, short, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-04-26 | 0.99 g/t Gold Equivalent over 4.0 m from 41.0 m | Moderate Grade | Thick | Shallow |
| 2022-04-26 | 1.21 g/t Gold Equivalent over 1.3 m from 52.5 m | High Grade | Moderate Thickness | Moderate Depth |
| 2022-04-26 | 0.42 g/t Gold Equivalent over 5.3 m from 80.2 m | Moderate Grade | Thick | Moderate Depth |
| 2022-04-26 | 0.40 g/t Gold Equivalent over 1.0 m from 88.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-04-26 | 0.30 g/t Gold Equivalent over 3.0 m from 61.5 m | Moderate Grade | Thick | Moderate Depth |
| 2022-04-26 | 7.08 g/t Gold Equivalent over 1.0 m from 56.5 m | Very High Grade | Thin | Moderate Depth |
| 2022-04-26 | 0.24 g/t Gold Equivalent over 8.7 m from 69.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-04-26 | 1.68 g/t Gold Equivalent over 1.5 m from 192.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2022-04-26 | 0.32 g/t Gold Equivalent over 7.5 m from 147.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-04-26 | 0.49 g/t Gold Equivalent over 1.0 m from 95.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-04-26 | 0.28 g/t Gold Equivalent over 1.8 m from 241.2 m | Moderate Grade | Moderate Thickness | Deep |
| 2022-04-26 | 3.56 g/t Gold Equivalent over 0.5 m from 238.3 m | High Grade | Very Thin | Moderate Depth |
| 2022-04-26 | 0.34 g/t Gold Equivalent over 2.4 m from 211.1 m | Moderate Grade | Thick | Moderate Depth |
| 2022-04-26 | 0.29 g/t Gold Equivalent over 4.1 m from 43.5 m | Moderate Grade | Thick | Shallow |
| 2022-04-26 | 0.31 g/t Gold Equivalent over 2.0 m from 59.0 m | Moderate Grade | Thick | 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.