Vila Nova 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
Vila Nova is located in Brazil, South America. The surrounding region has historically demonstrated a moderate potential for gold endowment and is somewhat distal to other gold properties. Physical setting (moderate elevation, moderate relief, tropical 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) average very high grade, long, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2021-10-28 | 10.25 g/t Gold over 9.2 m from 36.5 m | Very High Grade | Very Thick | Shallow |
| 2021-10-28 | 7.50 g/t Gold over 10.3 m from 45.8 m | Very High Grade | Very Thick | Shallow |
| 2021-10-28 | 10.23 g/t Gold over 10.9 m from 23.7 m | Very High Grade | Very Thick | Shallow |
| 2021-10-28 | 0.48 g/t Gold over 5.1 m from 34.6 m | Moderate Grade | Thick | Shallow |
| 2021-10-28 | 17.90 g/t Gold over 7.7 m from 74.7 m | Very High Grade | Very Thick | Moderate Depth |
| 2021-10-28 | 49.92 g/t Gold over 7.7 m from 89.7 m | Very High Grade | Very Thick | Moderate Depth |
| 2021-10-28 | 27.67 g/t Gold over 7.7 m from 104.8 m | Very High Grade | Very Thick | Moderate Depth |
| 2021-10-28 | 20.32 g/t Gold over 7.1 m from 36.5 m | Very High Grade | Very Thick | Shallow |
| 2021-10-28 | 13.41 g/t Gold over 5.7 m from 43.6 m | Very High Grade | Thick | Shallow |
| 2021-10-28 | 3.19 g/t Gold over 7.0 m from 49.3 m | High Grade | Very Thick | Moderate Depth |
| 2021-10-21 | 19.30 g/t Gold over 0.0 m from 0.0 m | Very High Grade | Very Thin | Very Shallow |
| 2021-10-21 | 31.58 g/t Gold over 0.0 m from 0.0 m | Very High Grade | Very Thin | 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.