Pickle Lake 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
Pickle Lake 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) average very low grade, moderate length, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2013-04-15 | 0.23 g/t Gold over 1.7 m from 113.6 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2013-04-15 | 0.61 g/t Gold over 3.0 m from 120.0 m | Moderate Grade | Thick | Moderate Depth |
| 2013-04-15 | 0.11 g/t Gold over 6.1 m from 143.4 m | Low Grade | Thick | Moderate Depth |
| 2013-04-15 | 0.18 g/t Gold over 3.2 m from 143.4 m | Low Grade | Thick | Moderate Depth |
| 2013-04-15 | 0.20 g/t Gold over 1.0 m from 79.0 m | Low Grade | Thin | Moderate Depth |
| 2013-04-15 | 0.23 g/t Gold over 1.5 m from 12.5 m | Moderate Grade | Moderate Thickness | Very Shallow |
| 2013-04-15 | 0.39 g/t Gold over 1.5 m from 133.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2013-04-15 | 0.12 g/t Gold over 9.0 m from 130.0 m | Low Grade | Very Thick | Moderate Depth |
| 2013-04-15 | 0.16 g/t Gold over 4.5 m from 130.0 m | Low Grade | Thick | Moderate Depth |
| 2013-04-15 | 1.18 g/t Gold over 1.5 m from 120.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2013-04-15 | 0.12 g/t Gold over 4.0 m from 113.6 m | Low Grade | Thick | Moderate Depth |
| 2013-04-15 | 0.31 g/t Gold over 6.2 m from 118.3 m | Moderate Grade | Thick | Moderate Depth |
| 2013-04-15 | 0.51 g/t Gold over 3.2 m from 95.5 m | Moderate Grade | Thick | Moderate Depth |
| 2013-04-15 | 0.27 g/t Gold over 12.5 m from 88.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2013-04-15 | 0.26 g/t Gold over 1.0 m from 73.2 m | Moderate 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.