Friday Gold Project
central Idaho, USA
314,204NatGold Tokens
- 182,175 oz Measured×0.80145,740
- 391,908 oz Indicated×0.40156,753
- 58,558 oz Inferred×0.2011,711
Live value
$732.8MNatGold 73%
Sovereon Gold Corp. 20%
NatGold Tokenization Pipeline
BIV $2,332/token· updated just now
Two verified gold deposits,
one tokenization pipeline.
Drilled, independently reported gold — converted to NatGold Tokens at the published resource-tier ratios. Every figure traces to an NI 43-101 report or a company disclosure.
Combined live value · 561,702 tokens
$1.31B▼ −33.7% vs book close
= 561,702 NatGold Tokens × live BIV. Moves with the gold price.
QP-verified · current
Cahuilla Gold Project
California, USA
247,498NatGold Tokens
- 618,746 oz Indicatedhistorical×0.40247,498
Live value
$577.2MNatGold 73%
Teras Resources (vendor) 20%
QP-verified · currentNI 43-101 report
Friday Gold Project
A drilled, independently verified resource entering the NatGold pipeline.
- Location
- Orogrande Mining District, Idaho County, central Idaho, USA
- Status
- Current NI 43-101 Mineral Resource — Measured, Indicated & Inferred (QP-verified)
314,204 tokens · live value
$732.8M▼ −33.7% vs book close
314,204 tokens backed by a current, QP-verified resource — including a substantial Measured (highest-confidence) component.
Token calculation — resource split
| Category | Controlled oz | Ratio | Tokens |
|---|---|---|---|
| Measured | 182,175 | ×0.80 | 145,740 |
| Indicated | 391,908 | ×0.40 | 156,753 |
| Inferred | 58,558 | ×0.20 | 11,711 |
| Total minted | 314,204 |
Mineral resource
| Category | Tonnes | Grade | Ounces Au |
|---|---|---|---|
| Measured | 6,918,542 t | 0.82 g/t | 182,175 |
| Indicated | 21,536,578 t | 0.57 g/t | 391,908 |
| Inferred | 3,281,727 t | 0.56 g/t | 58,558 |
632,641 oz Au total (574,083 oz Measured + Indicated at 0.63 g/t, plus 58,558 oz Inferred), within the 5 patented claims NatGold is acquiring. Cut-off: 0.25 g/t Au, constrained in an optimized open-pit shell.
Deposit history
Operators in the estimate: Cyprus-Amax (1996–98), Kinross (1998–99), Premium Exploration (2009–14), Endomines (2019–22). Endomines mined underground 2019–22 (998 oz from 11,608 t) before suspension.
Drilling program
90 holes used in the resource estimate — 55 core + 35 reverse-circulation. Coarse native gold + electrum favorable for gravity; pit shell uses 85% metallurgical recovery.
Figures & maps
Ownership & deal
Company disclosure- Acquisition price
- US$20 million
- Terms
- $2M after a 45-day due-diligence period, then $18M within a year; NatGold acquires 100% of the 5 patented claims, Sovereon retains 20% of minted tokens.
- Key dates
- Sovereon Option Agreement Mar 6, 2026; NatGold Definitive Agreement Mar 12, 2026.
Independent report
NI 43-101 report- Effective date
- May 7, 2026
- Qualified Person
- Ronald G. Simpson, P.Geo.
- Firm
- GeoSim Services Inc. (independent)
- Prepared for
- Sovereon Gold Corp.
RoyaltiesOn the 5 patented claims: 3% NSR Idaho Gold Corp. (capped US$1M), 1% NSR Del Steiner (capped US$1M), and a 2%→3% NSR (Premium).
In pipeline · historicalNI 43-101 report
Cahuilla Gold Project
A drilled California gold system moving through the NatGold tokenization pipeline.
- Location
- Northwest Imperial County, California, USA
- Status
- In the NatGold tokenization pipeline (NatBridge Resources Ltd., CSE: NATB)
247,498 tokens · live value
$577.2M▼ −33.7% vs book close
247,498 tokens backed by 618,746 controlled Indicated ounces — the NatGold-controlled portion of a ~1.26M-oz Indicated estimate drilled under NI 43-101 (historical estimate).
Token calculation — resource split
| Category | Controlled oz | Ratio | Tokens |
|---|---|---|---|
| Indicatedhistorical | 618,746 | ×0.40 | 247,498 |
| Total minted | 247,498 |
Mineral resource
| Category | Tonnes | Grade | Ounces Au |
|---|---|---|---|
| Indicatedhistorical | 82,114,000 t | 0.51 g/t | 1,261,000 |
| Inferredhistorical | 3,585,000 t | 0.72 g/t | 75,000 |
Book framing: ~1.26M oz Indicated gold across the deposit; NatGold controls 618,746 indicated ounces, which convert at the 0.40 Indicated ratio to 247,498 NatGold Tokens. Figures are from NI 43-101 historical estimates. Cut-off: NatGold Digital Mining Cutoff Grade 0.10 g/t (program standard).
Deposit history
Explored by Newmont, Homestake, Kennecott and Teras over multiple campaigns since 1988. More than $26 million spent proving the gold is there.
Drilling program
131 holes for 73,766 ft (22,484 m) by CGC-Teras / Teras (2011–17) — 116 RC + 15 diamond core — plus earlier Kennecott RC drilling (1993–96). Strike ~2.7 km, width 400–700 m.
Figures & maps
Ownership & deal
Company disclosure- Acquisition price
- Phase 1 (Parcels 45 & 46): US$2,755,056
- Terms
- $50,000 (LOI, paid) + $277,506 (paid) + $2,427,550 due within 30 days of the tokenization event.
- Key dates
- Binding acquisition agreement with Teras signed Oct 17, 2025; submitted for tokenization Nov 14, 2025.
Independent report
NI 43-101 report- Effective date
- NI 43-101, 2026 (NatBridge / APEX · Capps Geoscience)
- Qualified Person
- Dr. Richard C. Capps, Ph.D. & Michael B. Dufresne, M.Sc., P.Geol.
- Firm
- APEX Geoscience Ltd. / Capps Geoscience LLC (independent)
- Prepared for
- NatBridge Resources Ltd.