Red Cliff 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
Red Cliff 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 (high elevation, very high relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under very 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 Equivalent) average very high grade, moderate length, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-12-05 | 1.49 g/t Gold Equivalent over 3.0 m from 54.0 m | High Grade | Thick | Moderate Depth |
| 2023-12-05 | 6.80 g/t Gold Equivalent over 2.1 m from 5.8 m | Very High Grade | Thick | Very Shallow |
| 2023-12-05 | 5.60 g/t Gold Equivalent over 7.7 m from 10.0 m | Very High Grade | Very Thick | Very Shallow |
| 2023-12-05 | 9.00 g/t Gold Equivalent over 3.1 m from 14.6 m | Very High Grade | Thick | Very Shallow |
| 2023-12-05 | 26.10 g/t Gold Equivalent over 2.0 m from 8.5 m | Very High Grade | Moderate Thickness | Very Shallow |
| 2023-12-05 | 1.31 g/t Gold Equivalent over 1.0 m from 42.0 m | High Grade | Thin | Shallow |
| 2023-12-05 | 2.44 g/t Gold Equivalent over 11.3 m from 28.7 m | High Grade | Very Thick | Shallow |
| 2023-12-05 | 2.17 g/t Gold Equivalent over 6.1 m from 44.8 m | High Grade | Thick | Shallow |
| 2023-12-05 | 1.21 g/t Gold Equivalent over 2.0 m from 55.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2023-12-05 | 1.92 g/t Gold Equivalent over 3.1 m from 47.9 m | High Grade | Thick | Shallow |
| 2023-12-05 | 3.36 g/t Gold Equivalent over 0.5 m from 57.0 m | High Grade | Thin | Moderate Depth |
| 2023-12-05 | 2.99 g/t Gold Equivalent over 3.0 m from 63.1 m | High Grade | Thick | Moderate Depth |
| 2023-12-05 | 1.70 g/t Gold Equivalent over 1.5 m from 60.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2023-12-05 | 1.86 g/t Gold Equivalent over 1.5 m from 66.1 m | High Grade | Moderate Thickness | Moderate Depth |
| 2023-12-05 | 9.37 g/t Gold Equivalent over 1.0 m from 70.5 m | Very High Grade | Thin | 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.