Wels 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
Wels is located in Canada, North America. The surrounding region has historically demonstrated a very low potential for gold endowment and is very proximal to other gold properties. Physical setting (moderate elevation, high relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under thin lithosphere with thin sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average moderate grade, long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-12-13 | 0.48 g/t Gold over 3.1 m from 24.4 m | Moderate Grade | Thick | Shallow |
| 2023-12-13 | 0.50 g/t Gold over 3.0 m from 24.4 m | Moderate Grade | Thick | Shallow |
| 2023-12-13 | 0.30 g/t Gold over 16.7 m from 106.7 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-12-13 | 0.60 g/t Gold over 4.6 m from 44.2 m | Moderate Grade | Thick | Shallow |
| 2023-12-13 | 0.49 g/t Gold over 6.1 m from 57.9 m | Moderate Grade | Thick | Moderate Depth |
| 2023-12-13 | 0.40 g/t Gold over 38.1 m from 9.1 m | Moderate Grade | Very Thick | Very Shallow |
| 2023-12-13 | 0.20 g/t Gold over 7.6 m from 160.0 m | Low Grade | Very Thick | Moderate Depth |
| 2023-12-13 | 0.70 g/t Gold over 1.5 m from 143.3 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2023-12-13 | 0.20 g/t Gold over 9.2 m from 108.2 m | Low Grade | Very Thick | Moderate Depth |
| 2023-12-13 | 0.20 g/t Gold over 21.3 m from 74.7 m | Low Grade | Very Thick | Moderate Depth |
| 2023-12-13 | 0.50 g/t Gold over 6.1 m from 61.0 m | Moderate Grade | Thick | Moderate Depth |
| 2023-12-13 | 0.80 g/t Gold over 4.6 m from 132.6 m | Moderate Grade | Thick | Moderate Depth |
| 2023-12-13 | 0.50 g/t Gold over 12.2 m from 39.6 m | Moderate Grade | Very Thick | Shallow |
| 2023-12-13 | 3.60 g/t Gold over 1.6 m from 77.7 m | High Grade | Moderate Thickness | Moderate Depth |
| 2023-12-13 | 0.80 g/t Gold over 13.7 m from 76.2 m | Moderate 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.