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Exploring for Near-Surface Gold at Kiyuk Lake, Nunavut May 2018 TSX-V:CAY

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Page 1: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Exploring for Near-Surface Gold at Kiyuk Lake, Nunavut

May 2018TSX-V:CAY

Page 2: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to Cache within the meaning of applicable securities laws including, without limitation economic estimates and statements related to estimated mining costs. Cache provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations in connection with the Kiyuk Lake property, as well as those risks and uncertainties identified and reported in Cache’s public filings under Cache’s SEDAR profile at www.sedar.com. Although Cache has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Cache disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. All historic drill or sample figures quoted herein are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify results. The historical figures should not be relied upon and have not been verified by a Qualified Person. Technical aspects of this presentation have been reviewed and approved by the Qualified Person, Christopher Pennimpede P.Geo., hereby designated as a QP under National Instrument 43-101.

Forward Looking Statement

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Kiyuk Lake - Investment Thesis

● A true district play with a claim package covering a majority of the sedimentary rocks of the

Proterozoic Kiyuk Group

● 13,200 meter drill database: 2008-2017

● Gold Showings over a 15 Km Strike Length

● Mineralization is associated with pyrrhotite, pyrite, arsenopyrite, and magnetite (+/- hematite).

● Mineralization occurs in breccia infill with actinolite, carbonate +/- albite and magnetite

● 2017 summer exploration program ($950,000) highlights:

○ Rusty Zone: 8m @ 26 g/t Au

○ East Gold Point: 64m @ 1.5 g/t Au and 122m @ 1.8 g/t Au

○ Identification of new prospect (Nansen) and West Rusty zone extension through results

from till sampling

● Significant Expansion Possible:

○ Four target areas not yet drill tested

○ Many parts of the known zones remain untested by drilling

Page 4: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Capital Structure (as at March 31, 2018)

Issued and Outstanding 56,799,236

Options 1,750,000

Warrants @ $0.15, Expiry 3/3/2019 1,173,500

Warrants @ $0.25, Expiry 9/25/2019 6,250,000

Warrants @ $0.10, Expiry 1/16/2020 9,232,500

● Management owns 15%

● Significant shareholders 50%

Page 5: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Management

Jack Bal, CEO/Director Jack Bal is a business executive, with over 15 years of experience in the resource industry and public markets. Mr. Bal has been involved in capital markets, management, public relations and marketing in the resource sector with contacts in Canada, the U.S. and Europe and has raised in excess of $50m for listed junior resource companies in the field of mining, oil and gas and high technology.

Chris Pennimpede, Vice President of Exploration and DirectorChris Pennimpede is a Professional Geologist with more than ten years' experience in mineral exploration in Canada and the United States. Chris served as Project Geologist for the Kiyuk Lake project and has led several successful gold and copper exploration projects in Yukon, Nunavut and Alaska. Mr. Pennimpede began working with exploration companies in 2008, and worked with Underworld Resources and Kinross Gold Corporation on the Golden Saddle deposit in Yukon Territory.

Ian Graham, Independent Director Ian is a career mining professional with over 20 years of experience in the development and exploration of mineral deposits, gained with Rio Tinto and Anglo American. As Chief Geologist with the Project Generation Group at Rio Tinto, Ian has been involved with evaluation and pre-development work on projects including the Diavik Diamond Mine, Resolution Copper, Eagle Nickel, Lakeview Nickel and Bunder Diamond.

Dean Pikeski, Independent DirectorDean Pekeski is a Professional Geologist with over 20 years’ experience in mineral exploration and project development. From 1996 to 2008, he served as exploration geologist and project manager with Rio Tinto Exploration exploring for base metal and diamond deposits in Nunavut, North West Territories, Northern Quebec, Alberta, Manitoba, Southern Africa, and India. Mr. Pekeski was the project manager for the Rio Tinto exploration team that discovered, and evaluated the diamondiferous Bunder kimberlites.

Robert Bick, Corporate DevelopmentFrom 2007 to 2010, Robert served as CEO and Executive Chairman of Evolving Gold Corp. During Robert’s tenure, Evolving Gold raised over $50 million, moved from the Canadian Securities Exchange to the TSX main board. EVG’s market cap increased from $3 million to over $100 million. Robert Bick was the founding CEO of Prima Diamond now trading as Voltaic Minerals (TSX-V:VLT) and has served as CEO and Director with several other junior resource companies.

Page 6: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Kiyuk Lake – Location & Access

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Overview

Page 8: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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History

Year Activity People

1976 GSC Lake Sediment Survey

1992 Prospecting by Comaplex Minerals Shawn and Marcelle Hauseux

2006 Staking by former Comaplex Prospectors Shawn and Marcelle Hauseux (2% NSR)

2007 Optioned to Newmont Led by Quinton Hennigh

2008 Newmont conducts airborne mag survey, drilling, additional staking then dropped property

Quinton Hennigh

2009 Evolving Gold Corp picks up option spins out to Prosperity Goldfields

Quinton Hennigh/Robert Bick

2011 Prosperity Goldfields drills in summer discovering Cobalt, Gold Point and Rusty zone

Quinton Hennigh

2012 Amalgamation with Smash Minerals, winter drilling discovers Amundsen Zone and summer exploration defines several new prospects

Adrian Fleming/Chris Pennimpede/Rob Mackie

2013 Drilling expands Rusty zone mineralization, discovers north snake and Bancroft zones

As above

2013 – 2017 Downturn – PPG->Northern Empire->Montego->Cache Numerous

2017 Cache discovers East Gold Point zone during summer drilling

Chris Pennimpede/Rob Mackie/Jack Bal

Page 9: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Overview

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Overview

Siltstone

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Overview

Page 12: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Overview

Page 13: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Overview

Page 14: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Drill Highlights to Date

Rusty37m @ 4.2 g/t61m at 3.3 g/t36m @ 5 g/t8m @ 26 g/t

122m @ 1.8 g/t East Gold Point64m @ 1.5 g/tGold Point

12m @ 6.4 g/t26.5m at 3.2 g/t

Amundsen42m @ 1.0 g/t

Cobalt21m @ 2.2 g/t

Page 15: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Rusty Zone Drilling

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30m @ 3.0 g/t8m @26 g/t

37m @ 4.2 g/t

Page 16: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Rusty Zone Drilling

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● Cross bedded sandstone host

● Gold mineralization occurs in zones of intense brecciation with infill of actinolite, carbonate +/-

magnetite and pyrrhotite

Page 17: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Rusty Zone Drilling

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Page 18: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Rusty Zone Drilling

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Page 19: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Rusty Zone Drilling

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Page 20: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Rusty Zone Drilling

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• Partial or complete replacement of sandstone fragments by pyrrhotite.

• Abundant veins or massive infill of dolomite & pyrrhotite.

• Magnetite-pyrrhotite matrix breccia with actinolite altered sandstone fragments.

16.6 g/t Au

3.6 g/t Au

6.9 g/t Au

Page 21: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Rusty Zone Drilling

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1 – Cross bedded sandstone

2 – Early albite alteration front altering sandstone.

3 – Actinolite-pyrrhotite vein cross-cutting bedded sandstone.

4 –Carbonate alteration halo extending into bedded sandstone with disseminated actinolite

5 - Pyrrhotite

Thin section in Plane Polarized Light .

1

2 34

5

Page 22: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

New Zone – East Gold Point

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Page 23: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

Gold Point Style Mineralization

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KI12-006: 114-127m 0.0 to 4.3 g/t Au

4.3 g/t Au

Page 24: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

New Zone – East Gold Point Drill Results

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Page 25: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

New Zone – East Gold Point Drill Results

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Page 26: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Cobalt Trend

21m @ 2.2 g/t Au

13.5m @ 2.1 g/t Au

North Snake

Bancroft

Page 27: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Grid Till Geochem

Ice

flow

1860 ppb•Down-ice decrease in Au values:

0 km (1860 ppb Au)1 km (72 ppb Au)1.5km (25 ppb Au)

• ~200m wide till dispersal ‘ribbon’

•As, Sb, and W show comparable pattern to Au

Page 28: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Rusty Zone – Infill Till Sampling

Page 29: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Rusty Zone – Infill Till Sampling

Page 30: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Rusty Zone – Infill Till Sampling

Page 31: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Property Wide Geochem Sampling

Page 32: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Near Prospect - Nansen

Page 33: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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New Prospect Nansen

Page 34: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Deposit Model

• Stacie Jones Masters Thesis on Rusty Mineralization (Defence winter 2017)

• Age of mineralization is unknown but likely related to Nueltin Intrusive suite (1.7Ga).

• Source and composition of hydrothermal fluids not known.

• Association with Po suggest relatively reduced conditions; unmineralized carbonates and carbonate alteration suggest non-acidic fluid; association with albite and scapolite suggest fluid had high salinity.

Most similar to Au-rich Fe-oxide associated deposits in Tennant Creek District of Australia which involve a

2 stage deposit model (early ironstone & late Au event)

Similarities to B2 Gold’s Otjikoto sediment-hosted Au deposit in Namibia (1.3 million oz gold) but little

public information available.

Page 35: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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2018 Plans

Winter 2018 (March – May)

• Up to 4,500m of drilling focusing on expanding on the known mineralization at Rusty, Gold Point, Amundsen and new zones (Nansen)

• RAB drilling in Cobalt – Amundsen trend to narrow down large area of gold anomalism and to refine drill targets

• Detailed magnetics by UAV or ground over west Rusty, Nansen and Gold Point

• Ground EM over Rusty zone

Page 36: at Kiyuk Lake, Nunavut Exploring for Near-Surface Gold · 5/28/2018  · Prosperity Goldfields Quinton Hennigh/Robert Bick 2011 Prosperity Goldfields drills in summer discovering

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Highlights

• Every drill campaign since 2011 has discovered at least one new gold zone:

2011 (Rusty 61m of 3.3 g/t, Gold Point 26m of 3.1 g/t)

2012 (Amundsen 42m of 1.0 g/t Au)

2013 (North Snake 6m of 1.33 g/t)

2017 (East Gold Point 64m of 1.5g/t)

• Significant expansion possible:

o Four target areas not yet drill tested

o Many parts of the known zones remain untested by drilling

• Drill Ready with fuel, drills and 35-man camp on site and ready for winter drilling

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Thank You