17
page 1 CNSX: GTCH OTCQB: GGLDF Investor Presentation June 2020 GOLD CORP. Acquired Historic Ounces in Nevada Completing Technical Repor t

Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 1

CNSX: GTCH

OTCQB:GGLDF

Investor Presentation

June 2020

GOLD CORP.

✓ Acquired Historic Ounces in Nevada

✓ Completing Technical Report

Page 2: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 2

Certain of the statements made and information contained herein are “forward-looking information”. These statements relate to future events or the Company's

future performance. Statements, other than statements of historical fact, may be forward-looking statements. Generally, these forward-looking statements can

be identified by the use of forward-looking terminology such as “anticipates”, “plans”, “budget”, “scheduled”, “continue”, “estimates”, “forecasts”, “expect”, “is

expected”, “project”, “propose”, “potential”, “targeting”, “intends”, “believes” or variations of such words and phrases or statements that certain actions, events

or results “may”, “could”, “would”, “might”, or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. These statements involve known and

unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking

statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that

these expectations will prove to be correct and such forward-looking statements included in this presentation should not be unduly relied upon by readers, as

actual results may vary. In particular, this presentation contains forward-looking statements, pertaining to the following: capital expenditure programs,

development plans, treatment under governmental and taxation regimes, expectations regarding the Company's ability to raise capital, expenditures to be

made by the Company on its properties and work plans to be conducted. With respect to forward-looking statements, the Company has made assumptions

regarding, among other things: uncertainties relating to receiving mining, exploration and other permits; the impact of increasing competition; unpredictable

changes to the market prices for gold, copper, and other minerals; exploration and developments costs for its properties; the availability of additional financing

and farm-in or joint-venture partners; anticipated results of exploration and development activities; and the Company’s ability to obtain additional financing on

satisfactory terms. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors

set forth below and elsewhere in this presentation: volatility in the market price for minerals; uncertainties associated with estimating resources; geological,

technical, drilling and processing problems; liabilities and risks, including environmental liabilities and risks, inherent in mineral operations; fluctuations in

currencies and interest rates; incorrect assessments of the value of acquisitions; unanticipated results of exploration activities; competition for, amongst other

things, capital, undeveloped lands and skilled personnel; lack of availability of additional financing and farm-in or joint venture partners; and unpredictable

weather conditions. Although the Company has attempted to identify important factors that could cause results to differ materially from those contained in

forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such

statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers

should not place undue reliance on forward-looking statements. Readers are cautioned that the foregoing lists of factors are not exhaustive. The Company

does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in

accordance with applicable securities laws.

The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master, MS, CPG #10737 AIPG, Nevada

Professional Geologist. Ongoing exploration disclosures are also posted on SEDAR. Mr. Master is independent of the Company and is a “Qualified Person”.

The Technical Report is available for review on SEDAR at www.SEDAR.com under the Company’s profile.

The technical information in this document has been reviewed by Scott Frostad, P. Geo., who is a Qualified Person as defined by National Instrument 43-101.

He is independent of the Company.

Forward Looking Statements

Page 3: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 3

Strategy & Goal:

➢ Advance all properties using existing data and targeted drilling

➢ Executing low cost, low risk, high value-added data analysis

➢ Leverage historic work to potentially increase project value

Assets: 3 Gold Assets & 1 Copper/Gold Asset

➢ All assets have historic production

➢ 2 past gold producers at the advanced stage of exploration

➢ 1 gold asset hosting significant Historic Resources (detailed below)

➢ Nevada focused

Management and Board:

➢ Extensive experience in the resource and finance sectors

➢ Advisory board with track record of success in the mining sector

Getchell Gold Overview

Page 4: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 4

Nevada Focused

*USGS 2017 Annual Report on Gold + Nevada Division of Minerals

Past Producers:

➢ Fondaway Canyon

➢ Dixie Comstock

Prolific Exploration:

➢ Star Point

➢ Hot Springs Peak

Nevada:

➢ Top 5 Jurisdiction

Getchell’s Assets

Page 5: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 5

Fondaway Canyon – A Rich History

➢ Historic gold resource estimate*:

✓ Indicated 409,000 Oz @ 6.18 Au g/t

✓ Inferred 660,000 Oz @ 6.40 Au g/t

➢ Historic gold mining in the oxide zone

➢ Extensive mineralization corridor is under explored

➢ Excellent access and local support

➢ Potential to add ounces

* The historic resource estimate was completed by Techbase International Ltd of Reno, Nevada, and it is contained within a NI 43-101 report dated April 3, 2017 that was commissioned by Canarc Resource Corp of Vancouver, B.C.,

Canada. The resource estimate was compiled only from drill holes that could be validated (591 holes @ 49,086 m), a sufficient amount to deem the historic resource as reliable. Using Techbase software, a method of polygons was

used along each vein. With a minimum 0.10 opt Au and 1.8 m horizontal vein width used as cut-off parameters, twelve veins had sufficient composited intercepts within the sulfide mineralization for the estimate.

No capping or cutting of grades was applied. The historical resource estimate used classifications in accordance with NI 43-101 standards, namely, “indicated” and “inferred”. A review and/or re-calculation of the historic resource is

required by an independent Qualified Person to confirm these as current resources as defined by NI 43-101. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources; and the

issuer is not treating the historical estimate as current mineral resources.

Page 6: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 6

Immediate & Significant Value-Add is in the existing DATA

➢Mineralization Expansion Potential Exists

✓ Include all verifiable historic work into revised mineralization model

✓ Use open pit mining scenario

✓ Extend target zone by incorporating large low-grade halo

✓ Incorporate 7 holes drilled in 2017

➢Compile Comprehensive Database

➢Develop Geological Model and Identify Priority Target Areas

➢Design Drill Program for Highest Potential Value Enhancement Relative to Cost

➢Execute Drill Program

Fondaway Near Term Development Strategy

Page 7: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 7

Potential Mineralization Expansion On Strike & Down Dip

Abundant Exploration

Targets to Potentially

Extend and Increase

Mineralized Zones

The identification of Carlin

Style mineralization in the

Pediment zone adds yet

another dimension to the

scope of exploration

opportunities present at

Fondaway Canyon

The >2 gpt Rock Chip

and Drill Intercept Results

Reveals a Sizable,

Internally Consistent and

Well Mineralized Zone

Page 8: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 8

Longsection Colorado to Pack Rat Zones

Substantial gold

mineralization evident

near surface

Latest series of drill holes

indicate gold

mineralization extends to

depth

650 metre long

structurally controlled gold

zone

Open within section and

to depth

Page 9: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 9

Location of small

scale oxide past

producing open pit

Part of 2 Kilometre

long gold bearing

shear zone

Previous series of

drilling shows gold

intersections at

depth and open

Pediment Area

reveals New Carlin

Style Mineralization

Longsection South Mouth Open Pit Area

Page 10: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 10

➢Property comprised of 26 unpatented mining claims administered by the BLM

➢Low-sulfidation, epithermal gold system localized along a moderately dipping range-

front normal fault on the east flank of the Stillwater Range 78 km northeast of Fallon

➢Mineralization is believed to be hosted by Jurassic gabbro and mafic tuff in:

✓ The footwall of the fault,

✓ Silicification within the fault zone, and

✓ Within the hanging wall tuffaceous sediments

➢ 1991 Historic Resource estimate**:

✓ 146,000 ounces of gold in 4.26 million tonnes

✓ grading 1.063 g/t Au at a cut-off grade of 0.34 g/t Au

➢Mineralization remains open down-dip and to the east

Dixie Comstock Property Overview

**The historic geologic resource estimate was completed by Mine Development Associates of Reno, Nevada, and is contained within a report dated March 1991 commissioned by Horizon Gold Corporation.

The resource estimate was compiled only from drill holes (179 holes totalling 19,679 m), a sufficient amount to deem the historic resource as reliable. The kriged block model was constructed based on a N45E major axis direction with a

30 degree dip and clipped using three separate mineralized zones (high grade, low grade and hot springs mineralization) with a minimum 0.01 opt (0.34 g/t) Au cut-off. No capping or cutting of grades was applied.

The tonnage and grade estimate stated herein is ‘historic’ as defined by NI43-101 and did not use resource classifications in accordance with NI 43-101 standards, instead a single indivisible resource category was defined, a ‘Geologic

Resource’. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources and the qualified person is not treating these historical mineral estimates as a current estimate for mineral

resources. Additional work will need to be undertaken to verify the historic estimates and classify them as current resources.

Page 11: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 11

Star Point & Hot Springs Peak (HSP) Overview

➢ Properties in highly mineralized

Northern Nevada Rift

➢ Star Point located on the West

Central Rift of the Northern Nevada

Rift (Sleeper Deposit)

➢ HSP is at a structural intersection

similar to the Getchell Gold Mine

(Barrick and Newmont)

➢ Florida Canyon, Rochester, and

Relief Canyon Mines and Spring

Valley deposits are nearby

➢ Road access

Page 12: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 12

Star Point Overview

➢ Historic, near surface, mining operation

underlain by a magnetically defined

intrusion

➢ IP-Resistivity survey over intrusion returned

chargeability and resistivity highs

interpreted as potential copper sulfide

mineralization, possibly intrusion related

➢ Drill test at Star Point centered on the high-

grade copper oxide (tenorite) mine shaft

area and will penetrate into a magnetically

defined intrusion signature containing high

chargeability and a very strong conductor

➢ Primary target to be tested is the supergene

enrichment zone of copper and primary

copper sulfide associated with an intrusion

Gold Knob

French Boy

Page 13: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 13

Star South Overview➢ Historic artisanal shallow mining area that

contains surface copper-gold oxide

mineralization (tenorite) along northeast

trending faults and along the thrust fault

boundary at the surface

➢ The IP-Resistivity survey returned elevated

chargeability and a resistivity high indicating

the presence of a strong conductor

➢ The central drill target on the mine area is

designed to test through the thrust fault into

the top of the elevated chargeability and strong

conductor, possibly altered and mineralized

argillite and carbonates

➢ The western drill target is a follow-up hole to

test the shallow and strong chargeability more

likely to be in lower plate carbonates, outside

of the historic mine area and concealed under

gravel cover

French Boy

Page 14: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 14

➢ Discovery of 26 meter gold-

arsenic zone during 2019 drill

program by hole HSP-RC5

➢ HSP-RC5 intercepted 0.133 g/t

Au over 26 metres including

0.69 g/t Au over 1.5 metres

➢ Anomalous arsenic was

encountered throughout the

entire length of HSP-RC5

returning a weighted average

of 377 ppm As

➢ The association of gold with

arsenic sulfide minerals is a

well-known characteristic of

Carlin-type gold deposits

Hot Springs Peak Drilling Summary

Page 15: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 15

Capital Structure

➢ Shares Outstanding: 58,157,977

➢ Warrants: 28,565,588

• 16,259,650 @ $0.14

• 10,649,938 @ $0.25

• 228,000 @ US $0.20

• 1,428,000 @ $0.35

➢ Stock Options: 5,380,000

• 875,000 @ $0.41

• 2,000,000 @ $0.15

• 2,505,000 @ $0.08

Page 16: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 16

Management & Board

WILLIAM WAGENERChairman, Chief Executive Officer and Director

Mr. Wagener is an internationally experienced

mining executive who has been involved in the

exploration, development and operation of

resource projects across the globe in a variety

of commodities. He has held numerous

executive positions in publicly traded resource

companies. Mr. Wagener received a Bachelor

of Science in Mining Engineering from the

University of Missouri - Rolla.

STEPHEN GOODMANChief Financial Officer and Director

Mr. Sieb has been a director and officer of

numerous publicly-traded companies over his 30

year career with his expertise extending across

multiple commodities and jurisdictions. He is

currently President of Explorex Resources Inc.,

focused on the acquisition and development of

international cobalt projects and other elements

critical to the battery sector; and he is Senior

Project Manager for the pre-feasibility stage

Mariana Lithium Brine Project in Argentina. Mr.

Sieb holds an MBA and a Bachelor of Science

degree in Geology.

MIKE SIEBIndependent Director

Mr. Goodman is an investment banker based in

New York with significant experience in the

mining sector. As a banker, he has raised

hundreds of millions of dollars for Canadian Jr

companies. He has direct experience in the

industry having worked for one of Indonesia’s

largest miners, establishing Tin Shield

Production Inc. that reinvigorated activity at

South Crofty in Cornwall and as the CEO and

Director of Karnalyte Resources Inc. He is a

graduate of the University of Western Ontario,

received a Graduate Diploma in Asian

Business, from the Asia Pacific Management

Cooperative Program at Capilano University in

Vancouver, and an MBA in Finance from

INSEEC in Paris.

Page 17: Acquired Historic Ounces in Nevada Completing Technical Report · The Hot Springs Peak property was the subject of a NI43-101 report dated June 17, 2017, authored by Timothy D. Master,

page 17

➢ Existing historic data sufficient to advance all properties

➢ Executing low cost, low risk, high value-added data analysis

➢ Leverage historic work to potentially increase project value

➢ Contact Information: William Wagener, CEO

[email protected]

Conclusion & Contact Information