Toiyabe Hills 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
Toiyabe Hills 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 Complex lithology, under very thin lithosphere with moderately thick 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 Equivalent) average moderate grade, long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-05-23 | 1.27 g/t Gold Equivalent over 0.9 m from 606.1 m | High Grade | Thin | Very Deep |
| 2023-05-23 | 0.47 g/t Gold Equivalent over 8.1 m from 602.9 m | Moderate Grade | Very Thick | Very Deep |
| 2023-05-23 | 7.03 g/t Gold Equivalent over 1.5 m from 9.9 m | Very High Grade | Moderate Thickness | Very Shallow |
| 2023-05-23 | 1.46 g/t Gold Equivalent over 1.5 m from 27.3 m | High Grade | Moderate Thickness | Shallow |
| 2023-05-23 | 0.90 g/t Gold Equivalent over 11.7 m from 27.3 m | Moderate Grade | Very Thick | Shallow |
| 2023-05-23 | 1.28 g/t Gold Equivalent over 4.9 m from 33.0 m | High Grade | Thick | Shallow |
| 2023-05-23 | 0.60 g/t Gold Equivalent over 24.8 m from 521.4 m | Moderate Grade | Very Thick | Very Deep |
| 2023-05-23 | 1.29 g/t Gold Equivalent over 7.0 m from 531.8 m | High Grade | Very Thick | Very Deep |
| 2023-05-23 | 1.53 g/t Gold Equivalent over 3.1 m from 556.4 m | High Grade | Thick | Very Deep |
| 2023-05-23 | 1.01 g/t Gold Equivalent over 12.7 m from 556.4 m | Moderate Grade | Very Thick | Very Deep |
| 2023-05-23 | 4.80 g/t Gold Equivalent over 0.8 m from 559.5 m | Very High Grade | Thin | Very Deep |
| 2023-05-23 | 0.51 g/t Gold Equivalent over 2.7 m from 581.6 m | Moderate Grade | Thick | Very Deep |
| 2023-05-23 | 2.04 g/t Gold Equivalent over 6.3 m from 9.9 m | High Grade | Thick | Very Shallow |
| 2022-10-18 | 0.19 g/t Gold Equivalent over 6.1 m from 0.0 m | Low Grade | Thick | Very Shallow |
| 2022-10-18 | 0.02 g/t Gold Equivalent over 12.2 m from 187.5 m | Low Grade | Very 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.