The Golden Summit project, a 30-minute drive from Fairbanks, already hosts a significant gold resource. An updated mineral resource estimate was released in July 2025. A 30,000-metre drill program is currently underway, with the results planned to be incorporated into a pre-feasibility study. The pre-feasibility study is targeted to commence in late 2025.
|
Cut-off Grade |
Classification |
Au |
Tonnes |
Ounces |
|
OXIDE |
|
|
|
|
|
0.15 |
Indicated |
0.45 |
63,706,000 |
920,000 |
|
0.15 |
Inferred |
0.47 |
18,837,000 |
287,000 |
|
PRIMARY |
|
|
|
|
|
0.50 |
Indicated |
1.24 |
431,949,000 |
17,236,000 |
|
0.50 |
Inferred |
1.04 |
357,614,000 |
11,964,000 |
|
UNDER PIT |
|
|
|
|
|
0.75 |
Indicated |
1.12 |
2,205,000 |
79,000 |
|
0.75 |
Inferred |
1.35 |
18,014,000 |
782,000 |
Mineral Resources for the primary resources are reported at a cut-off grade of 0.50 g/t gold and constrained within an open pit shell using a gold price of US$2,490/ounce, US$2.50/t mining cost, US$25/t processing cost, US$2.00/t G+A, 92% gold recovery, and a 45° pit slope. Tonnes and ounces rounded to the nearest thousand.
- Located a 30-minute drive from Fairbanks, Alaska
- Since 2020 over 100,000 metres have been drilled at Golden Summit – resulting in a significant resource growth
- Paved highway road access
- High Tension power line located 7 km away
- Existing labour force and supply centre in Fairbanks
The 2020 -2024 programs focused on delineating higher-grade mineralization. Drilling continues to focus on further expanding and defining the higher-grade Cleary Vein System (CVS). The CVS is interpreted to be a broader zone of higher-grade mineralization, which encompasses the down-dip extent of the higher-grade vein zones found within the historic Cleary, Colorado, Wackwitz, and Wyoming veins and their broader enveloping stockwork zones. The CVS extends west of the Cleary Hill Mine towards the Dolphin Intrusive. The programs continue to successfully demonstrate the potential for more extensive and higher-grade gold mineralization on the project.
The 2024 program tested the potential for additional mineralization west of the current resource, where a strong gold-in-soil geochemical anomaly has been outlined. The gold-in-soil anomaly extends over 1.5 km west of the current resource. In addition, holes for additional metallurgical testwork have been completed. During 2024, over 25,708m of drilling were completed. The results of this drilling were incorporated into the mineral resource estimate published in July 2025. A 30,000 metre drill program is currently underway, with a focus on the conversion of the inferred resources into indicated in preparation for a planned pre-feasibility study.
Comprehensive metallurgical testwork is ongoing, aimed at both improving recoveries and delineating a flowsheet in preparation for pre-feasibility.