Overview
After three very successful years of drilling and delineating a sizable gold mineral resource at the Company’s 100% held advanced exploration stage Fondaway Canyon gold project, the Company has released a robust Preliminary Economic Assessment detailing the Project’s strong economic and production profile.
Investment Highlights
- Advanced Exploration Project at Fondaway Canyon – a historic gold producer with a large resource and excellent upside
- Located in Nevada – A top global mining jurisdiction
- Drilling Accomplishments – Continued success and multiple new gold zones discovered
- Experienced Technical Team
- High Intrinsic Project Value – Fondaway Canyon Mineral Resource Estimate*: 648,000 oz Au Indicated and 1.67 Million oz Au Inferred
- Robust Preliminary Economic Assessment – US$546 million pre-tax net present value discounted at 10% and a 51.2% pre-tax internal rate of return
- Discovery Upside – Mineral Resource at Fondaway Canyon open along strike and dip
2025 Major Activities – Fondaway Canyon
- 3,300 meter Drill Program – to increase the mineral resource within and beyond the current minable shape
- Metallurgical Test Work – to continue to optimize the flotation concentrate to achieve higher gold recoveries and product grades
2026 Major Activities – Fondaway Canyon
Update Preliminary Economic Assessment incorporating:
- 2026 Mineral Resource Estimate
- Metallurgical Studies
- A revised gold price reflective of the current market
Plan of Operation
- Complete Field Studies
- File a Comprehensive Plan of Operations with the relevant regulatory authorities to accelerate development at Fondaway
*Notes on the 2025 PEA and 2024 Mineral Resource Estimate are provided on the Fondaway Canyon Project’s page