Moosehead Gold Project Central Newfoundland, Canada Technical - - PowerPoint PPT Presentation

Moosehead Gold Project

Central Newfoundland, Canada

Technical Presentation: August 2018

Share Structure

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Institutional: Sprott, Palisade ~25% 52 Week High/Low $0.25/$0.03 Cash ~4.0M Shares Issued & Outstanding (July 30, 2018) 59.2M Warrants ($0.05 -$0.09) 28.5M Stock Options 2.35M Recent Financing ($3.5M) 23.3M Recent Financing Warrants 23.3M Fully Diluted (July 30, 2018) 136.6M Market Cap (July 30, 2018) $12.0M

• A very accessible orogenic lode gold project located in a stable jurisdiction that is open

to exploration and development.

• Historic sampling has returned values of up to 442 g/t Au from boulders, and up to

170 g/t Au over 1.53 meters from drill core samples.

• The mineralized system remains virtually untested below a vertical depth of 100 metres

(the only “deep hole” intersected 278 g/t Au over 0.50m at a hole depth of 257 metres), and remains open along strike.

• 2015 soil sampling has identified several new, untested gold in soil anomalies.
• Mapping of the recently exposed bedrock and mineralized veins indicated that the

controlling Au-bearing structures are orientated E-W and WNW, whereas the majority

• f historic drill holes targeted N-S structures.
• Regional exploration potential in an emerging, underexplored district.

Moosehead Project: Synopsis/Highlights

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Big Structures! Big Gold!

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Central Newfoundland Gold District – Canada’s newest emerging Gold Play Sokoman Iron (SIC) Strategically positioned with multiple quality Projects

• Gold associated with regional scale structures - along underexplored >150km long trend
• Silurian host rocks are analogous to the Timiskaming assemblage of the Abitibi Belt

Valentine Lake (Marathon Gold) >3.1 Moz Au (M+I+I)

Sokoman Iron Projects Key Gold Prospects/Deposits

Wilding (Antler Gold) 49g/t Au/ 4.6 m (CS) Moosehead (Sokoman) 44.96 g/t gold over 11.90 m DDH Clarks Brook (Sokoman) 3.74 g/t Au over 3.10 m East Alder (Sokoman) Trenching Targets defined Crippleback Lake (Sokoman) Trenching targets defined

Gold Occurrences

(after Williams et al, 1988)

Moosehead claim block

Moosehead Project: Geological Setting

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Gold

411 g/t Au, 98 g/t Ag

Moosehead Project (Main Au-bearing) Veins

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Altered Mafic Dike with QCV + py/aspy with banded high grade vein at contact

Moosehead Project - Mineralization

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• Historical Drilling focused
• n NNW Faults.

Historical Drilling Overview

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North Pond Trans Canada Hwy

Western Trend

East Trend MH-18-01 Discovery 11.90m @ 44.96 g/t Au Altius 2003 DDH 0.45m @278 g/t Au

200 metres

North Pond Fault Discovery Fault

Moosehead Project, Newfoundland

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Reclaimed Trench

N

Moosehead Historic Drilling

• A total of 111 diamond drill holes have been completed on the property.
• Only 22 of these have reached a vertical depth of >100 m (and only ONE >200 m).
• The only “deep hole” intersected 278 g/t Au over 0.45 m at a hole depth of 257 m.
• MH01-13: 11.05 g/t Au over 17.11 m starting 38.00 m downhole incl. 96.72 g/t Au over 1.50 m.
• MH01-23: 170.31 g/t Au over 1.53 m starting at 14.20 m downhole.
• MH02-38: 14.07 g/t Au over 16.84 m starting at 74.38 m downhole incl. 111.97 g/t Au
• ver 2.02 m.

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N

E-W Shear controlled Vein zone Q1 Contain high-grade Au zones Au bearing extensional and shear veins Linking two main fault zones

Moosehead Project: Trench Observations

East Trend Vertical?

“Deep” Intercept 278g/t Au/0.45 m

MH-18-01

Moosehead Project: MH-18-01 Cross Section

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MH-18-01 (385.85 g/t Au/1.35) MH-03-15 (278/g/t Au/0.45)

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MH-18-01 High Grade Intercept 11.90 m @ 44.96 g/t Au

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Focus of Historical Drilling 2015 Soil Sampling Anomalous Areas untested 2015 Qtz Float 180g/t Au

Moosehead Reconnaissance Targets

Other Gold Properties

Central Newfoundland Gold Projects – located on emerging Cape Ray/Valentine Lake/Alder Zone structural trend – consisting of three newly acquired project areas – 220 claims

• East Alder – located less than 1.5 kms from Altius Minerals/Antler Gold Alder Zone

(49.3 g/t Au / 4.6 m) and 1.5 kms from the Elm Zone (93.1 g/t Au / 1.3 m).

• Crippleback Lake – located NE of Alder Zone and features strongly anomalous gold grain

counts (up to 57 gold grains including 43 delicate grains) in till sampling. 2017 Acquisition – Clarks Brook Gold - Central Newfoundland

• High grade surface assays (19.5 g/t Au bedrock; 25.4 g/t Au float).
• No previous drilling.
• Fall/Winter 2017/18 - DDH (7 holes) 3.74 g/t Au over 3.10 m incl, 14.7 g/t Au 0.60

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Central Newfoundland Gold District – Canada’s newest emerging Gold Play Sokoman Iron (SIC) Strategically positioned with multiple quality Projects

• Gold associated with regional scale structures - along underexplored >150km long trend
• Silurian host rocks are analogous to the Timiskaming assemblage of the Abitibi Belt

Valentine Lake (Marathon Gold) >3.1 Moz Au (M+I+I)

Sokoman Iron Projects Key Gold Prospects/Deposits

Wilding (Antler Gold) 49g/t Au/ 4.6 m (CS) Moosehead (Sokoman) 44.96 g/t gold over 11.90 m DDH Clarks Brook (Sokoman) 3.74 g/t Au over 3.10m East Alder (Sokoman) Trenching Targets defined Crippleback Lake (Sokoman) Trenching targets defined

Gold Occurrences

Clarks Brook Gold continued…

• Mineralization consists of silicified angular boulders up to 3 m in size with disseminated pyrite

arsenopyrite discovered by Altius Minerals Corporation in 2004. Altius reported assays ranging from 2.98 g/t to 24.5 g/t gold. In 2009, Altius completed an Induced Polarization (IP) and Magnetics survey that outlined several targets but no drilling took place – property dropped.

• 2016 field work by Metals Creek – (MEK.V) resulted in the discovery in bedrock of similar style

mineralization to that of the boulders returning a grab sample assay of 19.24 g/t gold. In addition, thirteen (13) of the large angular blocks were sampled and yielded assays ranging from 0.24 g/t to 10.4 g/t gold.

• The property is road accessible year round.
• SIC optioned property from MEK in 2017 (no cash on signing with a 500,000 share payment

and $100,000 in work due in first year.

• Phase 1 drilling (515 m) completed in October 2017. Returned 3.74 g/t gold over 3.10 metres

including 14.73 g/t gold over 0.60 metres. Similar results from 2018 (3 hole program).

• Property for sale or advancement. Surrounded by New Found Gold Corp.

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Clarks Brook Gold continued…

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Iron Horse Project: 2012 Discovery

354.18 m @ 27.75% Fe

“ANOMALY A”

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Hole From (m) To (m) Length (m) Fe (%) GLAA12-01 7.14 103.00 95.86 28.03 Dip -45

&

131.00 163.00 32.00 27.70 GLAA12-02 155.00 509.18 354.18 27.75 Dip -45 GLAA12-03 118.00 147.00 29.00 25.69 Dip -45

&

235.20 335.20 100.00 27.57

Management

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Timothy Froude, P. Geo., President, C.E.O. & Director

Tim has over 30 years experience in the mineral exploration industry and has served as a senior geologist and VP Exploration for several junior exploration companies, as well as a 10 year term with Inco Ltd. Credited with the discovery of Valentine Lake (Marathon Gold, TSX: MOZ).

John Ryan, CGA., Chief Financial Officer & Director

Over 35 years of corporate and financial management experience. In 2000, Mr. Ryan became President of Spruce Ridge Resources, where he has expanded the company’s property holdings and exploration efforts. He is the CFO of Metalore Resources Ltd. a natural gas producer in Southern Ontario. The company is also engaged in exploration of precious metals. He is CFO of Sokoman Iron Corp., a junior exploration company. He also serves as a Director of

• ther public and private companies.

Independent Directors

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Colin R. Bowdidge, Ph.D, Director Colin R. Bowdidge was educated at the University of Cambridge, where he received an M.A. degree in geology, mineralogy and petrology, and at the University of Edinburgh, where he earned a Ph.D. in geology. He is a registered Professional Geoscientist with the Association of Professional Geoscientists of Ontario, and has been an independent consulting geologist since 1974. He has worked on a multitude of exploration and development projects worldwide in the search for base and precious metals, uranium and industrial minerals, in a wide variety of settings. He has served, and continues to serve, as a director and/or senior

• fficer of several publicly traded mining and exploration companies.

Cathy Hume, Director Cathy Hume has worked in the capital markets arena since 1980, first as a stock broker and later as CEO of CHF Investor Relations specializing in corporate communications, media relations and pitching her client stories to investment professionals throughout

• Canada. She was a Director of PDAC in the 1980s, served on the Board of Governors of the University of Guelph for 2 terms in the

early 1990’s and has been co-chair of Women in Mining Toronto for the past 7 years. She is also an External Executive Advisor for the Ted Rogers Leadership Centre. Peter M. Dimmell, P. Geo., Director

• Mr. Dimmell is a geologist and prospector who has been involved in mineral exploration in North America (Canada, Mexico and

the US) and overseas for 47 years, working with Noranda and Lacana and host of juniors. He is a professional geoscientist (P.Geo) registered in NL and ON and is a Fellow of Geoscientists Canada (FGC). He is a past president (2004-06) of the Prospectors and Developers Association of Canada (PDAC), a past Chairman, past executive director and past director of Mining Industry NL, a member and past councillor of the Geological Association of Canada (GAC), Canadian Institute of Mining, Metallurgy and Petroleum (CIM), and an associate member of the Association of Applied Geochemists (AAG) and the Society of Economic Geologists (SEG). He has sat on the Boards, and associated committees, of both TSX and TSX-V listed companies and is currently a director of two public companies, both listed on the TSX-V: Pele Mountain Resources Inc., and VVC Exploration Corp.

Notes

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Contact Information

Timothy Froude, P. Geo. President, CEO, Director T: 709.765.1726 E: tfroude@sokomaniron.com Mailing Address: 7735 Leslie Road West Puslinch, Ont N0B 2J0

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