Eleonore South 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
Eleonore South 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, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, 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 high grade, long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-06-16 | 0.51 g/t Gold over 0.6 m from 229.4 m | Moderate Grade | Thin | Moderate Depth |
| 2025-06-16 | 0.20 g/t Gold over 0.5 m from 216.5 m | Low Grade | Very Thin | Moderate Depth |
| 2025-06-16 | 0.12 g/t Gold over 1.5 m from 384.0 m | Low Grade | Moderate Thickness | Deep |
| 2025-06-16 | 0.16 g/t Gold over 2.8 m from 246.2 m | Low Grade | Thick | Deep |
| 2025-06-16 | 0.21 g/t Gold over 1.5 m from 182.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-06-16 | 0.15 g/t Gold over 3.0 m from 83.0 m | Low Grade | Thick | Moderate Depth |
| 2025-06-16 | 0.40 g/t Gold over 1.5 m from 62.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-06-16 | 0.16 g/t Gold over 5.0 m from 576.0 m | Low Grade | Thick | Very Deep |
| 2025-06-16 | 0.12 g/t Gold over 1.1 m from 505.5 m | Low Grade | Moderate Thickness | Very Deep |
| 2025-06-16 | 0.42 g/t Gold over 0.5 m from 255.0 m | Moderate Grade | Very Thin | Deep |
| 2024-06-04 | 0.67 g/t Gold over 7.5 m from 269.0 m | Moderate Grade | Very Thick | Deep |
| 2024-06-04 | 1.96 g/t Gold over 1.5 m from 252.0 m | High Grade | Moderate Thickness | Deep |
| 2024-06-04 | 2.67 g/t Gold over 1.5 m from 288.5 m | High Grade | Moderate Thickness | Deep |
| 2024-06-04 | 0.48 g/t Gold over 6.0 m from 330.5 m | Moderate Grade | Thick | Deep |
| 2024-06-04 | 0.30 g/t Gold over 11.0 m from 233.5 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.