NUG:V │ NULGF:QX
Discovering gold in Nevada
NuLegacy Gold
C O R P O R A T I O N
~ Discovering gold in the Cortez gold-trend of Nevada ~
November 2019
~ Discovering gold in the Cortez gold-trend of Nevada ~ NUG:V - - PowerPoint PPT Presentation
NuLegacy Gold Corporate Presentation C O R P O R A T I O N ~ Discovering gold in the Cortez gold-trend of Nevada ~ NUG:V NULGF:QX Discovering gold in Nevada November 2019 NuLegacy Gold Why NuLegacy? C O R P O R A T I O N The largest
NUG:V │ NULGF:QX
Discovering gold in Nevada
C O R P O R A T I O N
November 2019
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Discovering gold in Nevada
C O R P O R A T I O N
finders/financiers
Barrick executives
gold deposits
gold prospects
Barrick’s three best gold deposits1
Nevada is the 4th largest gold producing “nation” in the world
2
108 sq. km World Class Shareholders District Scale Discoveries Successful Governance & Geo Team
NUG:V │ NULGF:QX
Discovering gold in Nevada
C O R P O R A T I O N
Analyst coverage
Scarsdale Equities LLC scarsdale-equ.com Mike Niehuser miken@scarsdale-equities.com VSA Capital vsacapital.com Oliver O’Donnell
Canaccord Genuity canaccordgenuity.com Tom Gallo tgallo@canaccordgenuity.com
Capital structure
Shares Outstanding 407.2 million 52 Week Range C$ 0.03 - 0.195/share Market Capitalization ~ C$ 28.5 million Current Cash ~ C$ 7.6 million Proceeds Ex Options & Wts ~ C$ 17.1 million Warrants / Options 68.0 / 32.8 million Fully Diluted 508.0 million
Ownership distribution
Miners Shares (millions)
%
OceanaGold 49.8 12.2 Barrick Gold 32.0 7.9
Institutions
Tocqueville 37.9 9.3 MacKenzie 23.3 5.7 Davenport LLC 14.5 3.6 Ingalls & Snyder 6.0 1.5 Waterton Global 5.0 1.2
Public
~ 217.2 ~ 53.3
Principals
21.5 5.3 3
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Discovering gold in Nevada
C O R P O R A T I O N
... track records of successfully securing and advancing high-quality assets to production …
*Alex Davidson Chairman, Director
Former EVP Barrick Gold, Director, Yamana Gold Inc.
Albert Matter Chief Executive Officer, Director
Co-founder Alamos Gold Inc, NuLegacy Gold Corporation
*Edward Cope Director, Exploration & Evaluations
Former VP Exploration, North America, Barrick Gold
Danny Lee Chief Financial Officer
Administrated Eagle Hill & Oban merger to form Osisko Mining
*Alan Hill
Chairman Teranga Gold Corporation – former EVP Barrick Gold
James Anderson
Chairman & CEO of Vangold Mining
John Budreski
*Roger Steininger*, PhD
Discovered Barrick’s 21+ million ounces Pipeline mine, NuLegacy’s Iceberg & Avocado gold deposits
ADVISORY COUNCIL:
Glen Darou Retired CFO, Shell Canada Stuart “Tookie” Angus Chair & Director, K92 Mining Inc.
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CORPORATE MANAGEMENT: DIRECTORS:
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Discovering gold in Nevada
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*Five of NuLegacy’s principals & geo-team have been instrumental in the discovery and/or construction of four of Barrick’s best gold deposits.
*Edward Cope, MSc Ec Geo. Director, Exploration & Evaluations
Led team that added ~ 50 million ounces to Barrick’s Nevada gold endowment
*Charles Weakly, BSc District Geologist
Contributed to multi-million-ounce expansions of Barrick’s Goldstrike and Goldrush discoveries
William Mounts, DICAT Drilling Supervisor Denise Dowell, BSc Geotechnical/Database Administrator Bryan Kellie, BSc Project Geologist Robert Springs, BSc Geologist
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EXPLORATION TEAM:
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Discovering gold in Nevada
C O R P O R A T I O N
Gold Quarry
Emigrant
Goldrush Cortez Hills Pipeline
‘Jewel’ of the Cortez
Mule Canyon Fire Creek
Carlin
Midas
Pinion
VIO
Buckhorn
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Betze/Post
Major Deposits
Eocene Carlin-Porphyry Miocene Epithermal
Lone Tree Turquois Ridge Vantage
NuLegacy’s Red Hill property
I-80 HWY-50
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Legend
Carlin-style gold systems: clusters of deposits with multiple horizons Barrick’s Cortez “complex”:
Multiple horizons
7 1999 - Barrick’s Cortez Hills ~15+ M oz @ 4.1 g/t 1989 - Barrick’s Pipeline/Cortez
2010 - Barrick’s Goldrush ~10+ M oz @ 10 g/t2
Iceberg Serena Avocado Rift NuLegacy’s 108 km2
1RED HILL PROPERTY1
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Discovering gold in Nevada
C O R P O R A T I O N
North Serena Rift
Barrick’s Cortez operations2(a)
.
2017 Production (oz) ………... 1,330,000 All-in sustaining cost/oz …........…. $624 Average $/oz …………………..…. $1,257 2017 NCF…...........…US $841,890,000
Barrick’s Goldrush2(b)
All-in sustaining cost/oz ….….…. $620 Average $/oz (estimated) .…….. $1,300
NuLegacy Gold Corporation
Red Hill property
.Current Market Cap:
~C$20,000,000
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Avocado
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Classic Carlin-type gold deposit model
higher grade ‘core’ at 10 to 30+ g/t gold
Low-angle thrust faults High-angle faults
Gold mineralization 9
tons of 0.5+ g/t
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Discovering gold in Nevada
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As of:
1 Goldrush strategically recategorized as
underground resource. 10
145 ft @ 0.50 oz/t
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Discovering gold in Nevada
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major geochemical, geophysical and ‘wildcat’ drilling programs.
stratigraphic connectors between the Barrick’s Goldrush/Fourmile Carlin gold systems and NuLegacy’s Red Hill Carlin gold systems which are:
1. the high-angle faults and, 2. low-angle thrust faults, 3. within the Wenban5 stratigraphic horizon1.
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Discovering gold in Nevada
C O R P O R A T I O N
Tv Dhc Dw
Au g/t
SR17-09 SR17-01 SR17-08C SR17-04 RHB-96C RHB-69 RHB-39 RHB-35 RHB-64 RHB-56 RHB-65 RH94-02 RHB-62 RHB-17 RHB-49
SR17-08C: 32.6m at 2.05 g/t, incl. 3.2m at 14.74 g/t RHB-64: 51.8m at 1.27 g/t, incl. 10.6m at 4.51 g/t SR17-01: 50.3m at 1.00 g/t, incl. 13.8m at 2.27 g/t
SR17-02 ≥ 1.0 0.8 0.6 0.4 0.2 0.1
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RHB-17: 41.2m at 1.02 g/t, incl. 10.7m at 3.46 g/t
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Discovering gold in Nevada
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Tv
Dw5
Dw4
SR17-09 SR17-01 SR17-08C SR17-04 RHB-54 RHB-96C RHB-69 IN17-14C RHB-39 RHB-35 RHB-64 RHB-56 RHB-65 RH94-02
Tb Dw8 Dw6-7
Dw5
RHB-62 RHB-17
Long Fault
RHB-49 SR17-02
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SR17-08C: 32.6m at 2.05 g/t, incl. 3.2m at 14.74 g/t RHB-64: 51.8m at 1.27 g/t, incl. 10.6m at 4.51 g/t SR17-01: 50.3m at 1.00 g/t, incl. 13.8m at 2.27 g/t RHB-17: 41.2m at 1.02 g/t, incl. 10.7m at 3.46 g/t
“The high-grade gold is most often emplaced at the structural confluence of the high-angle and low-angle thrust faults when they are within the favorable Wenban5 stratigraphic horizon...”
the color-coding, it is very difficult to differentiate the various horizons and low-angle faults
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Discovering gold in Nevada
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WS18-01
(Rift discovery hole stopped in Wenban4)
Cross-section A
A’ N
Fourmile
‘look-alike’
Rift Anticline Western Slope Serena Offset
Central Iceberg North Iceberg
VIO
Explanation
Drill sites WS18-01 NuLegacy drill holes New target zones
SR18-02C:
22.1m of 6.59 g/t, incl. 8.7m of 16.92 g/t gold
RHB15-40:
41.2m of 3.9 g/t, incl. 12.2m of 11.0 g/t gold
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3
Serena
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200 m
W E
Tb Tv Dhc DwU Dw5 DwL
WS18-01
Vio Western Slope
High-angle faults
Low-angle faults
Iceberg
post-mineralization basalt flows
The ‘right’ stratigraphy – Dw5 (Wenban5)
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Fourmile
‘look-alike’
Rift Anticline
Serena Offset
“Exhaust” plume
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Carlin-style: Fall 2019
3 holes
Carlin-style: 2020
? holes, permitting under way
4 holes Epithermal targets:
6 holes
(Budgeted at ~US$ 3.5 million = Cdn $4.7 million, ~ 6,700 meters)
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Discovering gold in Nevada
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N
70
75
75 80 75 75
WS18-01
(Rift Hole)
Explanation
Drill sites Drill collars New target zones 17
Fourmile
‘Look-alike’
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Discovering gold in Nevada
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Interpreted Fourmile structural target corridor
Au target
300 m
300 m
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1
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Discovering gold in Nevada
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Looking north
Tb Tv Dhc Dw8-6 Dw5 Dw4
100 m
Explanation
Target zone Drill sites
Dw5 Dw5 Dw5
High-angle faults Low-angle thrust faults
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planned holes
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Discovering gold in Nevada
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WS18-01 (Rift Hole) N
75 75 75 75 60 70 60
Mirka
Explanation
Drill sites Drill collars Gold intercept 20
SR18-02c:
22.1m of 6.59 g/t, incl. 8.7m of 16.92 g/t gold
SR17-08c:
32.7m of 2.07 g/t, incl. 10.3m of 5.96 g/t gold
Serena Offset
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(at 230 meter depth)
Anticipated right lateral offset of mineralized zone across Long Fault
Serena ‘wedge’ mineralization Anticipated Serena ‘offset’ mineralization SR18-02c:
22.1m of 6.59 g/t, incl. 8.7m of 16.92 g/t gold
SR17-08c:
32.7m of 2.07 g/t, incl. 10.3m of 5.96 g/t gold
RHB15-40:
41.2m of 3.9 g/t, incl. 12.2m of 11.0 g/t gold
3
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Discovering gold in Nevada
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SW NE
SR18-02C SR18-03C SR18-01C
Looking northwest
Antietam Tb Tv Dhc Dw5 Dw4 Dw6-8 100 m
315 m offset
Serena zone
Depth elevation trace
Explanation
Target zone Drill sites
22
Serena Offset zone
planned holes
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Discovering gold in Nevada
C O R P O R A T I O N
N
70
75
75 80 75 75
WS18-01 (Rift Hole)
Explanation
Drill sites Drill collars New target zones 23
Rift Anticline – 4 km structure
Rift Anticline
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Discovering gold in Nevada
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SE NW
Tb Tv Dhc Dw8-6 Dw5 Dw4
300 m
Explanation
Target zone Drill sites
Looking perpendicular (west-southwest) to the axial plane of interpreted anticline
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planned holes planned holes
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Discovering gold in Nevada
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Discovering gold in Nevada
C O R P O R A T I O N
November 2019
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Discovering gold in Nevada
C O R P O R A T I O N
1. The presence of gold resources on properties in close proximity/adjacent to or geologically similar to the Red Hill property is not necessarily indicative of the gold mineralization on the Red Hill property. To date, there are no known NI 43-101 mineral resources or reserves on the Red Hill property. 2. As reported by Barrick Gold Corporation, the revised and updated Goldrush resource with an underground production scenario is significantly higher grade than the previously reported open pit resource. It contains 8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferred
3. The reported gold intervals may or may not represent true thicknesses and/or widths as there is insufficient data at this time with respect to the shape of mineralization to calculate its true orientation. All drilling was conducted by NuLegacy’s drilling contractors under the supervision of the Company’s project geologist and the chain of custody from project to sample preparation facility was continuously monitored. The samples were analyzed by American Assay Labs
analytical results included a statistical analysis of the duplicates, standards and blanks to ensure accurate and verifiable results.
This presentation contains forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward- looking statements often address NuLegacy’s expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect“, “ensure” and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar
performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral exploration; actual results of current and future exploration activities, fluctuations in gold and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. Shareholders, as well as those factors discussed in NuLegacy's continuous disclosure documents filed on SEDAR at www.sedar.com.. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, save as required by applicable law. Investors are cautioned against attributing undue certainty or reliance upon forward-looking statements. Furthermore, this presentation provides information in summary form only and is not intended to be complete. NuLegacy has made reasonable efforts to ensure the accuracy of such information; however, there may be inadvertent or unintentional errors. No representation, warranty or guarantee, express or implied, is made as to the fairness, accuracy or completeness of information contained herein, including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, results or statements in relation to future matters contained in this presentation. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any security and is not intended to be relied upon as advice to investors or potential investors.
and technical disclosure contained herein. November 12, 2019
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