THE TATOGGA PROJECT Golden Triangle, BC October 2018 Cautionary - - PowerPoint PPT Presentation

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THE TATOGGA PROJECT Golden Triangle, BC October 2018 Cautionary - - PowerPoint PPT Presentation

THE TATOGGA PROJECT Golden Triangle, BC October 2018 Cautionary Statement Regarding Forward Looking Information Certain statements included in this presentation constitute forward-looking statements, including those identified by the words


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October 2018

THE TATOGGA PROJECT

Golden Triangle, BC

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SLIDE 2

Cautionary Statement Regarding Forward Looking Information

Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar words and expressions to the extent they relate to GT Gold Corp. (the “Company”) or its management. The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions. They therefore involve known and unknown risks, uncertainties and other factors. Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of any subsequent date. The material factors and assumptions that were applied in making the forward looking statements in this presentation include:

  • execution of the Company’s existing plans or exploration programs for its properties, which may change due to changes in the views of the Company, or

if new information arises which makes it prudent to change such plans or programs; and

  • the accuracy of current interpretations of geochemical, geophysical, drilling and other exploration results, since new information or new interpretations of

existing information may result in changes in the Company’s expectations. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-looking statements will materialize. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

QA/QC PROCEDURES

GT Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of RC chips and diamond drill core, the complete details of which can be viewed on the Company’s website at http://www.gtgoldcorp.ca/projects/tatogga/ Saddle Reverse Circulation and Diamond Drill Program Assay Results Widths reported in this presentation are drilled core lengths. True widths are estimated to be approximately 85-90% of drilled lengths for minus 50 degree holes, and approximately 70% for minus 70 degree holes. All assays are performed by ALS Canada Ltd. (Minerals), with sample preparation carried out at the ALS facility in Terrace, BC, and assays at the North Vancouver laboratory. Assay values are uncut. For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption. All samples that return equal to or greater than 5 g/t Au from initial fire assaying are additionally sent for screen metallic analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure that any coarse grained, nugget gold fraction that may have been missed in the fire assays has been captured. GT Gold Corp.’s Qualified Person as defined by National Instrument 43-101 is Charles James Greig, P.Geo., Vice President, Exploration. Mr.Greig has reviewed and approved the technical information in this presentation.

2 TSXV: GTT

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Attractive Golden Triangle Opportunity

  • Top-ranked jurisdiction for mining
  • Significant world class deposits and

recent discoveries

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PROLIFIC MINING JURISDICATION

  • Two potentially significant discoveries with

substantial exploration upside

  • Strategic location near recently completed

infrastructure

  • Large land package with highly prospective

geology

  • High-grade near surface gold system open to

East, West, South, and depth

  • Adjacent Cu-Au porphyry-style with scale

potential

  • Board and management with proven track

record of success

  • Strong technical skillset and capital markets

expertise

NEW DISCOVERIES SIGNIFICANT EXPLORATION UPSIDE STRONG LEADERSHIP

TSXV: GTT

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Management and Board – Proven Track Record

  • f Success

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Ashwath Mehra, Executive Chairman

  • 30 years of mining and metals

experience.

  • Extensive Capital markets expertise and

network of European investors. Steve Burleton, President and CEO

  • An experienced mining executive with

significant experience in capital raising and strategy.

  • Most recently with Richmont Mines.

Charles J. Greig, VP Exploration

  • 35 years of experience working in the

mining sector.

  • Extensive experience relating

specifically to deposits in BC’s Golden Triangle Paul L. Kania, Chief Financial Officer

  • An experienced financial professional

with experience working with a number

  • f public companies.

Taj Singh, Lead Independent Director

  • 17 years of development and operating

experience in the minerals sector.

  • Presently serves as President and CEO
  • f Discovery Metals Corp

Renaud Adams, Director

  • Over 25 years as a mining executive and
  • perator globally
  • Most recently was the CEO of Richmont Mines

and was instrumental in its acquisition by Alamos Gold for ~$700M Charles Tarnocai, Director

  • Well respected geologist with PH.D in economic

geology

  • Most recently served as the VP of Corporate

Development at Alamos Gold. John L. Pallot, Director

  • Seasoned executive with decades of experience

across a broad array of industries.

  • Extensive experience raising capital for junior

mining issuers.

PROVEN TRACK RECORD OF VALUE CREATION EXTENSIVE TECHNICAL AND CAPITAL MARKETS EXPERTISE

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Golden Triangle – Top Ranked Jurisdiction for Mining

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  • Numerous world-class deposits in

the Golden Triangle

  • Rich history of mining and

exploration dating back to the 1800s

  • Increased interest in area due to

significant recent investment in infrastructure

  • Roads
  • Power
  • Port
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Excellent Location and Infrastructure

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  • 100% owned, ~431km2 property

located in ideal geological setting

  • The Saddle zone occupies ~3.5

km2 of the total land package and has been the primary focus of exploration to date.

  • Two additional highly prospective

Cu-Au porphyry targets- Saddle North and Pass Gossan Target.

  • Property sits approximately 14km

West of Imperial Metals’ Red Chris mine, and is accessed via highway 37- power and water infrastructure exist nearby

  • 100% owned
  • ~431km2 property located in

ideal geological setting

  • The Saddle zone occupies

~3.5 km2 of the total land package

  • Excellent access to

infrastructure

  • accessed via highway 37-
  • Near power (287 kV)
  • Property sits approximately

14km west of Imperial Metals’ Red Chris mine

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Potential Road Access- Cost Cutting

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Ideal Geologic Setting

  • Favourable host rocks for

mineralization

  • Saddle discovery along Stuhini-

Hazelton Contact

  • a known structure for deposit

formation in the Golden triangle

  • Many world class mines and

deposits located along this contact.

  • KSM (38.2 Moz Au)
  • Brucejack (6.9 Moz Au)
  • Red Chris (12.9 Moz Au).

8 TSXV: GTT

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New Discovery with Significant Potential

  • 2009 deep discovery at Imperial

Metals’ Red Chris mine initiated current exploration and staking rush

  • New Chris Minerals conducted

exploration work from 2012- 2014 up until hiatus in 2015- 2016

  • New Chris RTO to form GT Gold

in late 2016

  • High grade Au in soil anomalies

followed up with first ever drilling at the Tatogga project in 2017

  • Saddle South (epithermal style)
  • Saddle North (porphyry)
  • Pass Gossan (Saddle analogue)

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Saddle South and North

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2017 Drilling Highlights

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HIGH-GRADE DE CORE E DRILL LLING ING INTER ERVALS LS

  • TTD002: 6.57 g/t Au over 14.78 m
  • TTD007: 51.53 g/t Au over 6.95 m
  • TTD010: 5.10 g/t Au over 23.66 m
  • TTD014: 5.84 g/t Au over 20.71 m
  • TTD019: 14.75 g/t Au over 12.15 m
  • TTD022: 13.22 g/t Au over 7.00 m
  • TTD031: 48.85 g/t Au over 3.36 m
  • TTD038: 10.18 g/t Au over 6.87 m
  • TTD040: 12.64 g/t Au over 6.60 m
  • TTD045: 20.17 g/t Au over 2.31 m
  • TTD046: 20.02 g/t Au over 8.25 m
  • TTD056: 23.78 g/t Au over 4.02 m
  • TTD058: 31.79 g/t Au & 1,141.10 g/t

Ag over 3.01 m

  • Inc. 117.00 g/t Au & 1,835.00 g/t Ag
  • ver 0.70 m
  • TTD059: 12.12 g/t Au over 5.83 m

Note: Widths shown are not true widths. True widths vary greatly depending upon a combination of the dip and azimuth of holes, and the strike and dip of the target zone. The intercepts shown are estimated to range from approx. 90% of drilled lengths for minus 45-degree holes, to 70% for minus 70-degree holes, and about 50% for minus 85-degree holes TSXV: GTT

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2018 Drilling Highlights to Date

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HIGH-GRADE DE CORE E DRILL LLING ING INTER ERVALS LS

  • TTD069: 32.65 g/t Au over 2.82 m
  • TTD076: 33.40 g/t Au over 1.54 m
  • TTD077: 6.70 g/t Au over 4.15m
  • TTD079: 9.55 g/t Au over 40.89m

Note: Widths shown are not true widths. True widths vary greatly depending upon a combination of the dip and azimuth of holes, and the strike and dip of the target zone. The intercepts shown are estimated to range from approx. 90% of drilled lengths for minus 45-degree holes, to 70% for minus 70-degree holes, and about 50% for minus 85-degree holes TSXV: GTT

Key Take-Aw Aways

  • Drilling to date has extended

near surface mineralization along strike to over 1km

  • High-grade intervals over broad

widths demonstrate depth potential at Saddle South

  • Oriented core program has given

us a better understanding of the spatial relationships between mineralized zones

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SLIDE 13

Saddle South

  • Saddle South (west side) drilling has outlined a large zone at surface of Au-bearing sheeted

quartz/sulphide and sulphide vein style mineralization

  • spanning approx. ~1000 X 150 X 700 metres
  • Extensive surface expression of mineralization
  • Open in all directions

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Saddle South- Continuity

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Saddle North – Early Indications

  • Cu-Au Porphyry style

mineralization drilled at close of 2017 season

  • Encouraging results

for a potentially economic Cu-Au porphyry from early drilling

  • Hole 62 – Broad

extent of Cu and Au mineralization with grades increasing at depth

  • Hole 64 – Monzonite

hosted precious metal rich Cu-Au mineralization approx. 1km west of Hole 62

  • 18.4m @ 1.35 g/t

Au, 1.42 g/t Ag and 0.37% Cu.

15 TSXV: GTT

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Saddle North – Large Scale & High Grade Potential

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  • Large scale target with

incredible size potential

  • Cu-Au-Ag enriched

intrusion

  • Coincident Mag and IP

anomaly 1000m along strike and up to 1000m across

  • Within ~15km of
  • perating Red Chris

Mine

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Saddle North – Large Scale Cu-Au System

  • Hole 85- 430m

m of 0.67g/t g/t Au, u, 0.41% 1% Cu, u, 0.89 9 g/t Ag withi hin n 822m of 0.42g/t /t Au, u, 0.26% % Cu, u, 0.62g/t /t Ag

  • Hole 090- 0.25 g/t Au,

u, 0.26% 6% Cu, u, 0.55 g/t Ag

  • ver 494.13

13 met etres es fro rom m 30.87 7 to to 525.00 00 metr etres es.

  • Hole 090 confirms our

interpretation and demonstrates broad intervals of mineralization with strong phyllic and potassic alteration near surface.

17 TSXV: GTT

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Saddle North – Validation

  • Hole 093- 363 Metres of 1.02

g/t Au, 0.51% Cu, 1.72 g/t Ag Within 904 Metres of 0.51 g/t Au, 0.30% Cu, 0.93 g/t Ag

  • Hole 093 over 150m NW of

Hole 085 intersected higher grade Au-Cu-Ag porphyry style mineralization within the same Quartz monzonite to monzodiorite intrusion.

  • Mineralized from surface

with grades continually increasing with depth

  • Remains open along strike

in both directions and at depth

18 TSXV: GTT

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Saddle North- Drilling

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2018 Exploration

  • Fully funded C$6.8M exploration budget
  • Estimated 18,000m drill program
  • Expansion drilling of the high-grade gold-silver vein systems at Saddle South
  • Expansion drilling of the new intrusive discovery at Saddle North (central & east end)
  • Ongoing property wide geophysics, mapping and sampling program
  • Plans to extend program up to an additional 5000m supported by recent financing

20 TSXV: GTT

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Use of oriented core to better direct drilling to better target and determine the orientation

  • f mineralized

zone Demonstrate continuity Test Saddle North Cu-Au Target High gh-Grad rade e mineralization intersected at

  • depth. Hole

TTD069: 32.65g 65g/t t Au

  • ver 2.82m
  • approx. 650m

from surface Demonstrate Saddle South Depth Potential Initial drill results from 2018 program have expanded strike length to

  • ver 1000m

Expand Saddle South along strike Completed $6.5M non- brokered financing in Q1 2018 Fully Fund 2018 program

2018 Objectives and Progress

21 TSXV: GTT

Hole TTD085: 0.67g 67g/t t Au, 0.41% 41% Cu, 0.89 89 g/t Ag over 430m within 822m of 0.42g 42g/t t Au Au,0.26% 26% Cu, u, 0.62 62 g/t Ag

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Regional Exploration – Additional Opportunity

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  • A number of opportunities exist on the large land package
  • Pass Gossan target located ~6Km southwest of Saddle
  • 2013 sampling identified several Cu and Au anomalies
  • Potentially analogous to Saddle South and North Systems
  • 2018 plan to follow up with additional sampling

Cu Geochem Anomalies Au Geochem Anomalies

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Equity Overview

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Capitalization and Balance Sheet Share Price* * $ 0.72 Basic Shares Outstanding 99.7M Options Outstanding 8.4M Warrants 4.3M Basic Market Capitalization 71.80 Less: Cash* 6.5M Add: Total Debt

  • Enterprise Value

$ 65.30M * post-offering * * as at Oct. 1, 2018 open

15% 9% 64% 12%

Ownership

Management and Directors Ross Beaty Retail Institutions

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Attractive Golden Triangle Opportunity

  • Top-ranked jurisdiction for mining
  • Significant world class deposits and

recent discoveries

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PROLIFIC MINING JURISDICATION

  • Two potentially significant discoveries with

substantial exploration upside

  • Strategic location near recently completed

infrastructure

  • Large land package with highly prospective

geology

  • High-grade near surface gold system open in all

directions

  • Adjacent Cu-Au porphyry-style with scale

potential

  • Board and management with proven track

record of success

  • Strong technical skillset and capital markets

expertise

NEW DISCOVERIES SIGNIFICANT EXPLORATION UPSIDE STRONG LEADERSHIP

TSXV: GTT

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ST E V E B U R L E TO N , P R E S I D E N T A N D C E O

36 King Street East, Suite 400 Toronto, ON M5C 1E5 647-256-6754

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Appendix

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Management and Board

Ashwath Mehra, Executive Chairman

  • BSc. Philosophy & Economics, London School of Economics. Mr. Mehra has 30

years of experience in mining and metals, and significant experience in debt and equity capital markets. He commenced his career trading commodities with Philipp Brothers in London, England. From 1990 to 2000, he served as a Senior Partner at Glencore International AG (and its predecessor) where he ran the nickel and cobalt businesses. He also served as Co-Owner and CEO of MRI Trading AG from 2001 to 2011, and successfully sold the firm in 2011.

Steve Burleton, President and CEO

An experienced mining executive with significant experience in capital raising, corporate development and strategy. He served most recently as VP, Business Development at Richmont Mines Inc. prior to Richmont being acquired by Alamos Gold Inc. for US$770 million. At Richmont he was responsible for financing and worked closely with its executive team to determine strategic

  • direction. He has over 18 years of experience in the Canadian investment

banking industry advising and executing debt and equity financing for companies in the mining, fertilizer and industrial products sectors. Mr. Burleton is a CFA Charterholder and holds an MBA from York University.

Charles J. Greig, VP Exploration

With more than 35 years in the sector, Mr. Greig is among the most experienced geologists in B.C., having worked on projects such as Brucejack Lake (Pretivm), Red Mountain (Lac Minerals, IDM), Silbak-Premier (Westimin, Ascot), IKE (HDI- Amarc), and abroad on projects such as La India in Mexico (Grayd, Agnico Eagle) and Bisha in Eritrea (Nevsun). Mr. Greig has a B.Sc and M.Sc in geology from the UBC along with a B.Comm also from UBC

Paul L. Kania, Chief Financial Officer

  • Mr. Kania is a financial professional with broad experience providing CFO,

Controller and financial reporting and consulting services to public and privately held businesses in various sectors in both Canada and the U.S. He has significant experience in the mining sector. In addition to his Certified Public Accountant (CPA) designation, he holds a HBA, Economics and Philosophy from the University of Toronto, and an Accounting and Finance certificate from Ryerson University

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Taj Singh, Lead Independent Director M.Eng, P.Eng; CPA, CMA; B.Eng., University of Toronto; M.Eng., McMaster

  • University. Mr. Singh is a Professional Engineer and a Chartered Professional
  • Accountant. He has 17 years of experience in the minerals sector and presently

serves as President and CEO of Discovery Metals Corp. Prior to joining Discovery Metals, Mr. Singh was VP of Engineering, Projects & Business Development at Timmins Gold Corp; VP and Mining Equity Research Analyst at Macquarie Capital Markets; and worked in various senior engineering roles at Inco Limited and Vale Limited.

Renaud Adams, Director

P.Eng., B.Sc. Engineering, Laval University. Mr. Adams served as President and Chief Executive Officer of Richmont until its acquisition by Alamos in November 2017, and has 25 years of experience as an executive and operator in the mining

  • industry. Prior to his tenure with Richmont, Mr. Adams was President and Chief

Operating Officer of Primero Mining Corp. from November 2011 to October 2014; Senior Vice-President, Operations Americas of IAMGOLD Corporation from February 2010 to October 2011; and, prior thereto, Vice President and General Manager of the Rosebel Gold Mine in Suriname for IAMGOLD Corporation. He also has served as a member on several Boards of mining companies. Charles Tarnocai, Director B.Sc., Geology, Brock University; Ph.D Geological Sciences, University of Ottawa.

  • Dr. Tarnocai has 22 years of experience in international mining and mineral

exploration and was most recently Vice President, Corporate Development for Alamos Gold Inc. During his 7 years with Alamos Gold, he was responsible for the identification, financial and technical evaluation, and acquisition of development and production-stage mining projects. Prior to that Dr. Tarnocai held the position of Chief Geologist with Oro Gold Resources Ltd. and, for the previous 13 years, the position of Research Geologist with Placer Dome Inc.

John L. Pallot, Director

  • Mr. Pallot studied at Simon Fraser University prior to serving with Telus Corp. for

30 years. He has more than 20 years of involvement with public companies as a director and/or in senior executive capacities with such companies as Statesman Resources, Messina Minerals, Windarra Minerals (acquired by Wesdome Gold), Westward Exploration, and Redmile Capital (now Orla Exploration). He presently serves as an independent director of Klondike Gold Corp.

TSXV: GTT PROVEN TRACK RECORD OF VALUE CREATION EXTENSIVE TECHNICAL AND CAPITAL MARKETS EXPERTISE

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Value Proposition

TSXV: GTT 29

  • Based on current market conditions, we believe the market is steeply

discounting the potential resources at Saddle South and North

  • *Source: PI Financial Research, Company Information

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 C$M MC MC Average $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 C$/Au Eq oz MC/M&I&I Au Eq oz MC/M&I&I Au Eq oz Average

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Saddle North / Red Chris- Comparison

30 TSXV: GTT

Saddle North

Saddle North is also proximal to same contact and within ~15km of Red Chris Quartz monzodiorite to monzonite intrusion hosted in Volcanic Stuhini group. 564 Metre tres of 0.35% Cu, 0.544 g/t Au, 0.77 g/t Ag in Hole TTD085 Coincident IP and Mag Anomaly approximately 1Km x 1Km x up to 900m deep

?

Red Chris Mine (III:TSX)

Deposit occurs proximal to Stuhini- hazelton group contact Quartz monzodiorite to monzonite intrusion hosted in Volcanic Stuhini group. A combined measured and indicated grade 0.374 % Cu, 0.385 g/t Au, and 1.14 g/t Ag 1034.7 .7 million lion tonn nnes. 2017 Production: 74.6Mlb Cu, 33.4Koz Au, 133.2Koz Ag NPV10 = C$M 772.1

Mineralization Grade Size Value Geologic Setting

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Regional Setting

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Soil Geochem Anomalies

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Saddle North – Potentially Large Scale

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GT GOLD– Saddle South – Styles of Mineralization

  • 1. Semi Massive to

Massive Sulphide Veins

  • 2. “Thin Vein” Style
  • 3. Vein Breccias
  • 4. Carbonate-Rich Veins
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Strongly Positive Initial Metallurgical Results

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  • Initial, unoptimized metallurgical test results

for 28 composites spatially and mineralogically representative of the Saddle quartz-carbonate-sulphide mineralization show it is amenable to standard cyanidation processing1

  • Average recoveries of 84% gold and 25%

silver, including numerous samples that showed recoveries of over 90%, and as high as 98%

  • Optimization is expected to increase average

recoveries well into the 90s

  • Future testing will include floating a sulphide

con and other approaches aimed at maximizing recoveries with minimum cost

  • Note 1. 80% passing 100 microns,

maximum 48 hour retention time – most reports within 24 hours

Field of View ~0.25mm Field of View ~0.65mm