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Corporate Presentation JULY 2019 1 TSX-V: LAB| - - PowerPoint PPT Presentation

Corporate Presentation JULY 2019 1 TSX-V: LAB| www.labradorgold.com Disclaimer Statements contained in this presentation that are not historical facts may be forward-looking statements within the meaning of the US Private Securities Litigation


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TSX-V: LAB| www.labradorgold.com

Corporate Presentation

JULY 2019

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Disclaimer

Statements contained in this presentation that are not historical facts may be forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995 and forward looking information under similar Canadian legislation (collectively, "Forward Looking Information"). Forward Looking Information includes, but is not limited to, statements regarding the Company’s strategic plans, property search and evaluation plans, estimated levels of mineral reserves, mineral resources and expenditures, success of exploration activities, and acquisition targets and commitments. Forward Looking Information is based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. In certain cases, Forward Looking Information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would“, and is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource estimates, the timing and amount

  • f future exploration and development expenditures, the availability of necessary financing and materials to continue to explore

and develop properties, the receipt of necessary regulatory approvals, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward Looking Information . Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to changes in metal prices and the worldwide demand for and supply of metals, risks related to increased competition in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, risk of delays or increased costs during the development process and relating to the acquisition of licenses and permits, regulatory risks, risks related to disputes concerning property titles and interest, and environmental risks. This list is not exhaustive of the factors that may affect any of the Company's Forward Looking Information. These and other factors should be considered carefully and readers should not place undue reliance on the Company's Forward Looking Information. The Company does not undertake to update any Forward Looking Information or statements that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. The technical content of this presentation has been prepared by Roger Moss, Ph.D., P.Geo. the company’s qualified person.

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TSX-V: LAB| www.labradorgold.com

Labrador – Golden Opportunity

  • Large under-explored properties, including the

major portion of two greenstone belts

  • Potential for discovery of new gold district(s)
  • Experienced exploration management with

success in finding gold deposits (>17 million oz)

  • First mover advantage
  • Results of aggressive initial exploration programs

already indicate district scale gold targets

  • First stage drilling on selected targets in 2019
  • Politically stable jurisdiction supportive of

mineral exploration

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Executive Management

Shawn Ryan - Technical Advisor

  • 20 years of gold exploration experience resulting in the

discovery of 7.5M ounces Au in three deposits

  • Recipient of the 1998 Yukon Chamber of Mines Prospector
  • f the Year Award, 2010 Spud Huestis Award, and 2011

PDAC Prospector of the Year Award

  • Founder & Technical Advisor of GroundTruth Exploration,

developer of innovative exploration techniques (e.g. Drones to Drill) with significant experience in northern Canada

Roger Moss, P.Geo - Chief Executive Officer

  • Professional geologist with 20 years international

experience in copper and gold exploration

  • Instrumental in discovery of the multi-million ounce

Navachab gold deposit in Namibia

  • 16 years in senior management roles with junior companies
  • Ph.D. from University of Toronto, currently adjunct

Professor in Lassonde Mineral Engineering Program

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Labrador Properties

  • Hopedale Property
  • Area: 458 square kilometres (km2)
  • East end of property on tidewater southeast
  • f Hopedale
  • Target: Greenstone hosted orogenic gold
  • Ashuanipi Property
  • Area: 896 square kilometres (km2)
  • 35 km south of Schefferville linked by rail to

Sept Isles in the south

  • Target: Iron formation hosted gold

Hopedale Ashuanipi

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Infrastructure

Ashuanipi

  • 35km south of Schefferville
  • Schefferville linked by rail to

port of Sept Iles to south

Hopedale

  • Eastern claims on tide water –

Ugjoktok Bay

  • 30km from community of

Hopedale

  • Daily air service from Happy

Valley-Goose Bay

Hopedale Ashuanipi

Quebec North Shore and Labrador Railway

Schefferville Hopedale

Churchill Falls Happy Valley-Goose Bay Tshiuetin Railway

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Hopedale Regional Tectonics

  • Three major crustal structures bound the

Hopedale Block, including the Kanairiktok Shear Zone to the east

  • Interpretation of recent aeromagnetic survey by

GSC indicates a major shear zone running through Ugjoktok Bay immediately east of Florence Lake greenstone belt

  • Such structures play an important role as

channel ways through the earth’s crust for mineralizing fluids

  • Jogs, and potential displacements can be seen

in the outline of the greenstone belts

  • Such features commonly localize gold

mineralization in greenstone belts elsewhere in the world

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Hopedale

  • Hopedale claims cover most of the Archean

Hunt River and Florence Lake greenstone belts (~80 km)

  • Florence Lake greenstone belt predominantly

greenschist grade metamorphism

  • Under explored for gold despite Thurber Dog

showing assaying up to 7.5 grams per tonne gold

  • Nickel exploration identified significant strike

length of carbonatized ultramafic volcanic rocks at Florence Lake

  • Significant (75%) airborne geophysical

coverage from historical surveys completed in the 2006-2010 uranium exploration rush

  • New airborne magnetic survey from GEM-II

project

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Florence Lake Gold in Soils

  • Initial soil and lake sediment sampling in 2017

resulted in anomalous gold (up to 0.93 g/t Au)

  • ver 40 km along the southern portion of the

greenstone belt

  • 10,594 samples taken over 12 grids in 2018

show 34 samples over 0.1g/t gold with 5 over 1g/t Au

  • Results highlight three key areas of potential

mineralization

  • Thurber Dog: 5 km strike length - gold

values in soil up to 2.68g/t

  • Misery: 1.8km strike length - gold values

up to 2.1g/t

  • Jasmine-Shirley: 1.1km strike length - gold

values up to 0.36g/t

  • Gold in soil samples highlight geological

contacts and structural features as zones of potential enrichment

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Thurber Dog Gold in Soils

  • Gold anomalies occur over a 5km

strike length of prospective stratigraphy

  • Values up to 2.86g/t gold with

three samples greater than 1g/t gold

  • Centred on contacts between

ultramafic volcanic rocks and mafic/felsic volcanic rocks

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Jasmine Gold in Soil

  • Two anomalous areas:
  • 1. over 1,100m

associated with fold hinge in south

  • 2. over 500m

associated with geological contact and magnetic high in north

  • Magnetics indicate

complex structure with folds, offsets and dislocations

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Misery Gold in Soil

  • Anomalous gold over a

1,800m strike length in centre of soil grid

  • Associated with contact

between ultramafic and mafic/felsic volcanics

  • Intense carbonate

alteration of ultramafics

  • Magnetics show cross

structures cutting north east trending stratigraphy

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Jasmine Misery Occurrences

Mineralized quartz vein – Jasmine area Massive arsenopyrite – Jasmine area Quartz veins in carbonate altered ultramafics – Misery area

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Florence Lake Gold in Rock

*Note that grab samples are select samples and are not necessarily representative of gold mineralization found on the property.

Area Sample Type* Length (m) Au (g/t) Description Thurber Dog

Channel 2 0.91 Felsic volcanic

Thurber Dog

including 1 1.27 Quartz vein

Thurber North

Channel 2 2.36 Quartz Porphyry

Thurber North

Including 1 2.73 Quartz Porphyry

Thurber North

Channel 0.5 0.92 Ferruginous quartz vein

Thurber South

Channel 1.2 3.99 Quartz vein with Fe oxide

Thurber Dog

Grab n/a 1.01 Quartz vein with Arsenopyrite

Shirley

Grab n/a 1.09 Phyllite with arsenopyrite

Thurber Dog

Grab n/a 1.45 Felsic volcanic/Quartz Porphyry

Thurber South

Grab n/a 1.64 Quartz Vein

Thurber South

Grab n/a 1.74 Quartz Vein

Thurber North

Grab n/a 1.84 Silicified ultramafic with quartz veining and arsenopyrite

Shirley

Grab n/a 2.46 Quartz-carbonate vein with pyrite

Thurber South

Grab n/a 2.52 Quartz vein with iron carbonate

Thurber North

Grab n/a 4.55 Quartz porphyry

Thurber Dog

Grab n/a 11.40 Quartz vein with pyrite and arsenopyrite

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Thurber Dog Gold in Rock

  • Anomalous gold mineralization
  • ccurs over 400m in south and

770m in north

  • Within a five km strike length of

prospective stratigraphy defined by gold in soils

  • Mineralization is hosted by:
  • sericite altered porphyritic

felsic volcanics and quartz veins in the Thurber Dog and Thurber North areas

  • carbonate altered ultramafic

and mafic volcanics and quartz veins at Thurber South

  • Mineralized rocks contain

disseminated pyrite and

  • ccasional arsenopyrite
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Thurber Dog Area Occurrences

Thurber Dog showing assays up to 7.87 g/t Au in quartz phyric felsic metavolcanic rocks, Florence Lake greenstone belt Carbonatized ultramafic volcanic with quartz veining and local arsenopyrite

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Greenstone Belt Comparison

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Florence Lake Gold Comparison

(Modified after Groves et al. 2003) PROVINCE-SCALE PARAMETERS Gold Deposits Tectonic Setting Crustal-Scale Faults Complexity of Geometry Metamorphic Grade Felsic Porphyries/ Lamprophyres Accretion Collison/ Delamination Present Absent Complex Simple Green.

  • Amph. Common

Rare Hollinger-McIntyre Timmins, CAN XX XX XX XX XX Golden Mile Kalgoorlie, AUS X X XX XX XX XX Florence Lake Labrador, CAN X? XX XX XX XX DEPOSIT-SCALE PARAMETERS Gold Deposits Major Host Rock Major Structural Control Granitoids Fluid Oxidation State Overprinting m f s Shears Folds Prox. Dist. Ox. n. Red. Strong Weak Hollinger-McIntyre Timmins, CAN X X XX X X XX XX Golden Mile Kalgoorlie, AUS XX XX XX XX XX Florence Lake Labrador, CAN X X X XX ? X?

Certainty of interpretation: XX = very certain, X = less certain. Abbreviations: Green. = greenschist, Amph. = amphibolite, m = mafic, f = felsic, s = sedimentary, Prox. = proximal, Dist. = distal, Ox. = oxidized, n. = neutral, Red. = reduced.

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Ashuanipi Quebec

  • In 2010, Rockland Minerals (now

International Corona) announced a drill intersection of 19.55m of 2.23 g/t Au 30 km north of Ashuanipi property in similar geology

  • Part of a 2km long north-south

zone of anomalous gold (Ivanov, 2012)

  • Higher gold values found in lake

sediments in Labrador than around known gold showings on Quebec side

  • Lack of detailed modern day

exploration in Labrador portion of Ashuanipi complex compared to Quebec WHY NOT LABRADOR?

Hole ID From (m) To (m) Intersection (m) Au (g/t) WT09-04 40.39 59.94 19.55 2.23 including 53.85 55.88 2.03 10.21 RL10-17 11.45 19.7 8.25 1.24 49.7 62.25 12.55 1.05 including 57.3 58.4 1.1 9.02

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Quebec Gold Occurrences

  • Gold occurrences found

in Quebec to the north

  • f the Ashuanipi Claims
  • Gold occurs in the same

rock types as those in the Ashuanipi project

  • Labrador underexplored

compared to Quebec

Ashuanipi North Claim Block

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GSC Lake Sediment Data

  • Lake sediment data from the

GSC show largest gold anomaly in the 300 x 400km area is covered by the Ashuanipi North claim block

  • Gold occurrences in Quebec

(red stars in figure) show lower gold concentrations in lake sediments than those over Ashuanipi North claim block

Ashuanipi North claim block

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Ashuanipi

  • No real modern day systematic

exploration program has ever been undertaken in the area, mostly prospecting for rusty outcrop

  • Recent (2014-2016) regional mapping

by GSNL indicates similar lithologies

  • n both sides of border
  • Previous work by survey geochemist

John McConnell showed that soil sampling works to locate anomalous gold-bearing iron formation

  • Initial 2017 soil and lake sediment

sampling show no correlation of gold with specific rock types

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Ashuanipi Compilation

  • Two district scale gold anomalies outlined

by 2017 soil and lake sediment survey: a 15x3km north-south anomaly and a 14 x 3km east-west anomaly

  • Gold anomalies in soils preferentially

associated with magnetic highs, not specific rock types suggesting structural control

  • 14 soils with more than 100 ppb (0.1g/t)

Au, two samples with more than 1 g/tonne Au

  • Based on results 172 claims were staked
  • n the Quebec side of the border to

cover the potential extension of the north –south trend

  • Total area covered by claims is now

896 square kilometres

Area of detail in next slide

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Ashuanipi 2018 Soils

  • 2018 detailed soil survey of over

7,000 samples on 18 grids confirmed regional nature of gold anomalies

  • Results show 164 samples with
  • ver 50 ppb gold, 67 samples over

100 ppb (0.1g/t) gold and a high of 8,973 ppb (8.97 g/t) Au

  • Indicates areas possibly related to

near surface gold enrichment within a robust mineralized system

  • Outlines specific areas for follow up

within the regional trend

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2019 Exploration - Hopedale

  • Eight high gold potential areas

for follow up

  • Covers approximately 33km of

prospective stratigraphy

  • Gold in rock values up to 11.4

g/t

  • Gold in soil values up to 2.2 g/t
  • Anomalous gold in rock and soil
  • ver 5km at Thurber Dog,

4.8km at Misery and 4km at Jasmine

  • Follow up by detailed

geological mapping, rock sampling and magnetic –VLF surveys of high potential areas

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2019 Exploration - Ashuanipi

  • Five areas of high gold

potential ranging from 0.8 to 1.8km in length based on gold in rock and soil samples

  • Up to 8.9g/t Au IN

SOIL

  • Up to 2.5g/t Au in rock
  • Anomalous values

typically associated with magnetic highs

  • Follow up by detailed

geological mapping, rock sampling and magnetic –VLF surveys

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  • Follow up exploration during

Summer 2019 to define drill targets

  • Initial drill testing of priority

targets expected in Fall 2019

2019 Exploration

Source: Groundtruth Exploration

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Share Structure

Ticker TSX-V: LAB Share Price [July 31, 2019] $0.22 Market Capitalization $12.4 million Issued and Outstanding Shares 56.2M Warrants 15.6M Options 4.4M Fully Diluted 76.2M Debt Nil Insider Ownership: 30.6% Including: Plethora Precious Metals 17.4% Shawn Ryan 8.6% Management 4.6%

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For More Information

Roger Moss, President and CEO +1-416-704-8291 E-mail: rmoss@labradorgold.com Website: www.labradorgold.com @LabGoldCorp