acquired historic ounces in nevada completing …...nevada focused *usgs 2017 annual report on gold...
TRANSCRIPT
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CNSX: GTCH
OTCQB:GGLDF
Investor Presentation
July 2020
GOLD CORP.
✓ Acquired Historic Ounces in Nevada
✓ Completing Technical Report
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
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
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
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 3.5 km long gold mineralization corridor
➢ 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
➢Completed Compilation of >50 years of exploration and mining history
♦ 735 exploration and mine planning drill holes
♦ 165m underground development for bulk sample
♦ 169,000 tonnes of oxidized material mined from various pits across the Project
➢Develop Comprehensive Geological Model and Identify Priority Target Areas
➢Gold Mineralization amenable to evaluate for both open pit and underground
mining potential
➢Mineralization open on strike and to depth
➢New zones to test
➢Drill Program planned for August 2020
Fondaway Near Term Development Strategy
page 7
Potential Mineralization Expansion On Strike & Down Dip
➢ Gold mineralized trend
defined to date:
♦ 3.5 km long;
♦ 800 m wide; and
♦ 670 m of vertical extent.
➢ Numerous exploration
targets with significant
merits and blue-sky
potential
➢ The identification of Carlin
Style mineralization in the
Pediment zone adds yet
another dimension to the
scope of exploration
opportunities present at
Fondaway Canyon
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➢ Heart of the defined
gold mineralization and
historic resources
➢ Drilling is localized on
specific occurrences
➢ Observed mineralization
supports robust and
substantial gold mineralizing
system at Fondaway
Canyon
➢ Significant area exists to
expand on known gold
mineralization
Fondaway Canyon Central Area
page 9
Long Section - Colorado to Pack Rat Gold Zones
➢ Substantial gold
mineralization evident
near surface
➢ Latest series of drill
holes (2017) indicate
gold mineralization
extends to depth
➢ 650 metre long
structurally controlled
gold zone
➢ Mineralization open
within section and to
depth
B’ B
page 10
Long Section - Paperweight to South Pit Gold Zones
➢ Substantial gold
mineralization evident
near surface
➢ Latest series of drill
holes (2017) indicate
gold mineralization
extends to depth
➢ 650 metre long
structurally controlled
gold zone
➢ Mineralization open
within section and to
depth
C’ C
page 11
Section – Half Moon Shear Vein and Tenneco Tunnel + Drift
➢ In 1989, Tenneco Minerals Corporation completed 165 metres
(540 feet) of underground development (adit and drift) to access,
bulk sample and assess the high-grade Half Moon shear vein;
one of the prominent gold mineralized quartz rich shear zones
within the central area of the Project
➢ Gold mineralization in the Half Moon area has been traced for a
375m vertical extent and remains open to depth
Photographs from left to right – i) Underground development face at the Half Moon shear vein; andii) Tenneco adit portal circa 1990.
75m below surface
page 12
UG Drift on Half Moon Shear Vein – Development Face Samples
➢ 12.4 g/t Au across full 4.3m width
of the most eastern drift face
(1125E)
➢ 19.4 g/t Au over 3.1 metres,
including 24.1 g/t Au over 1.8 m,
at drift face 1040E
➢ 12.0 g/t Au over 3.2 metres,
including 21.8 g/t Au over 1.5 m,
at drift face 1031E;
➢ The characteristics of the gold
mineralization at Fondaway
support the Company evaluating
the Project’s potential for both
open pit bulk tonnage and high
grade underground mining
High Grade Gold
page 13
Fondaway Canyon Western Area
Showing the South Mouth Open Pit – 155,000 tonnes oxidized material mined 1989-1990
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➢ Predominately
shallow historical
drilling
➢Recent drilling
reveals gold at depth
and open
➢Underexplored
➢ Pediment Zone:
Distinct ‘Stand Alone’
Carlin Style Gold
Mineralization Target
Broad Gold Intercepts
Never Followed up
Long Section - Pediment, South Mouth and Mid-Realm Gold Zones
page 15
Fondaway Canyon:
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Getchell is planning for the 2020 drill program at Fondaway Canyon and
has provided a cash deposit to ensure rig availability for late July and August
Significant Gold Mineralizing System
with Huge Potential
page 16
➢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 17
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 18
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 19
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 coverFrench Boy
page 20
➢ 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 21
Capital Structure
➢ Shares Outstanding: 58,166,977
➢ Warrants: 30,338,642
• 999,850 @ $0.10
• 16,250,900 @ $0.14
• 402,555 @ $0.15
• 10,818,938 @ $0.25
• 228,000 @ US $0.20
• 1,428,000 @ $0.35
• 210,399 @ $0.45
➢ Stock Options: 4,505,000
• 750,000 @ $0.41
• 2,005,000 @ $0.08
• 1,750,000 @ $0.15
• 1,025,000 @ $0.33
page 22
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.
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 SIEBPresident and Director
Jim MustardIndependent Director
Mr. Mustard is a seasoned capital markets and
mining professional, bringing over 30 years of
expertise in business and project development to
the Company. He was VP of Investment
Banking at PI Financial, past President of
Canada Zinc Metals and was a VP and Senior
Mining Analyst at Haywood Securities for 11
years. In addition to a strong technical
background, he has developed a considerable
capital market and investment network. Mr.
Mustard is a registered Professional Engineer
with the Association of Professional Engineers
and Geoscientists of BC.
page 23
➢ Existing historic data sufficient to advance all properties
➢ Executing low cost, low risk, high value-added data analysis
➢ Leveraging historic work to potentially increase project value
➢ Contact Information: William Wagener, CEO
Conclusion & Contact Information