South Atlantic Gold, Inc. · TSXV:SAO
South Atlantic Gold — Investor Presentation (February 2021)
23 slides from South Atlantic Gold's investor presentation, February 2021
Slide 1: Exploring high-grade gold and copper in Brazil & Canada
Exploring high-grade gold and copper in Brazil & Canada FEBRUARY 2021
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation includes “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding South Atlantic Gold
Slide 3: Exploring for High-Grade Gold and Copper in Brazil and BC, Canada
EXPLORING FOR HIGH- GRADE Big Kidd Project (BC, Canada) GOLD AND ▪ Powerline and major highway crosses the property COPPER IN ▪ BK Target: 550 m x 500 m gold-rich breccia pipe BRAZIL AND ▪ Historic drill results include 116 m of 0.79 g/t Au and 0.12% Cu and BC, CANADA 75 m of 0.75 g/t Au and 0.25% C
Slide 4: Capital Markets Profile
CAPITAL MARKETS PROFILE Capital Structure Tightly Held Share Ownership Share Price and Volume (Last 12 Months) Ticker TSX-V: SAO High Net Worth $0.18 5.0 Investors Share Price (February 23, 2021) C$0.08 11.1% $0.16 4.5 PI Financial 4.0 52-Week Trading Range C$0.02 – C$0.18 $0.14 7.4% 3.5 Volume (mil
Slide 5: Experienced Management & Board
EXPERIENCED MANAGEMENT & BOARD Douglas Meirelles │ President, CEO and Director Bruce Higson-Smith │ Chairman ▪ Over 15 years of experience in the management of publicly traded mining companies ▪ Mining engineer with nearly 40 years of experience in Brazil and Canada ▪ Extensive capital markets exper
Slide 6: 1-Year Transformation into a High-Growth Brazilian Gold Explorer
1-YEAR TRANSFORMATION INTO A HIGH-GROWTH BRAZILIAN GOLD EXPLORER Completed Milestones ✓ Change of Management ✓ Pedra Branca: earn-in agreement (Jaguar Mining) Q2 2021 ✓ Pedra Branca: mobilized & started drilling ✓ Become South Atlantic Gold Feb 2021 ✓ Pedra Branca: excellent initial results Pedra Br
Slide 7: Pedra Branca Project
PEDRA BRANCA PROJECT CEARÁ STATE, BRAZIL High-grade, near- surface gold potential ▪ Large property (38,926 ha) over a 40 km long shear zone ▪ Near key infrastructure (roads, power, mine supply centres) ▪ Substantial exploration work to date, including ~9K m of drilling ▪ 3 well-defined and 5 prospec
Slide 8: Large Property Near Key Infrastructure
LARGE PROPERTY NEAR KEY INFRASTRUCTURE ▪ Located in the pro-business state of Ceará ▪ 24 exploration licenses covering 38,926 ha ‒ 3 licenses are under mining concessions ▪ Accessible via paved road and 280 km by highway BR-020 to state capital of Fortaleza ‒ Fortaleza (population of 2.6 million) is
Slide 9: Geotectonic Context of Pedra Branca
GEOTECNONIC CONTEXT OF PEDRA BRANCA ▪ Ceará Central Domain was structured during the Brasiliano Panafricano orogen of Western Gondwana at the end of the Neo-Proterozoic ▪ Convergence between the Amazonian and West Africa cratons ‒ Borborema and Nigeria/Cameroon Belts of São Luís Pedra ‒ West Africa
Slide 10: Prospective Geology Over Major Geological Structures
PROSPECTIVE GEOLOGY OVER MAJOR GEOLOGICAL STRUCTURES ▪ Geologically Pedra Branca is located in the Brazilian province called Borborema. Precisely in the northern portion, at Troia-Pedra Branca and Ceará Central Complex. Comprised basically of : ‒ granite-greenstone belt; and ‒ granite-gneissic terra
Slide 11: Geophysics & Local Geology
GEOPHYSICS & LOCAL GEOLOGY ▪ Geophysical studies have identified some highly prospective targets in the Pedra Branca Project area ▪ South Atlantic is currently working in re-consolidating the data and models. ▪ The Lithological sequence of Pedra Branca Project has been described by the NNE-SSW axis
Slide 12: Substantial Historical Work
SUBSTANTIAL HISTORICAL WORK ▪ Substantial previous work completed by Jaguar, Xstrata and Falconbridge included: ‒ Over 10,000 geochemical samples ‒ 2.8 km of trenching ‒ 90 holes and 8,913 m of diamond drilling ‒ Deepest hole ▪ In 2014, Jaguar prepared a resource estimate ‒ Not in accordance with NI
Slide 13: Highlighted Historical Drill Results
HIGHLIGHTED HISTORICAL DRILL RESULTS Target Hole From (m) To (m) Width (m) Grade (g/t Au) Target Hole From (m) To (m) Width (m) Grade (g/t Au) Coelho (Central) FCC001 33.45 58.00 24.55 1.27 Queimadas FCQ009 65.00 70.90 5.90 1.10 FCC002 45.35 59.10 13.75 6.61 FCQ010 89.30 96.35 7.05 1.97 FCC003 38.95
Slide 14: Many Targets Along +25 km Trend
MANY TARGETS ALONG +25 KM TREND ▪ 3 well-defined and 5 prospective target areas identified to date Bombeiros ▪ Potential mesothermal shear zone gold deposit. Gold found in: 1) Quartz veinlets parallel to the Coelhos-Queimadas target 2) Metre-wide quartz vein at the Mirador and Igrejinha targets Igre
Slide 15: Igrejinha Target (New Discovery)
IGREJINHA TARGET (NEW DISCOVERY) ▪ First major discovery at Pedra Branca by the Company ▪ Trenching has defined two main mineralized trends over a 188 m strike length, dipping 45° to the east and is open in all directions ‒ First intersected 29 m at 0.73 g/t Au, including 4 m at 3.22 g/t Au ‒ Second
Slide 16: Coelhos-Queimadas Target
COELHOS-QUEIMADAS TARGET ▪ Past drilling and trenching has defined two parallel zones, each ~500 m in length and ~6 m wide along a northeastern trend ▪ Gold mineralization extends from surface at depth of at least 80 m and remains open both at depth and laterally ▪ Gold mineralization appears folded
Slide 17: Phase 1 Exploration Program
PHASE 1 EXPLORATION PROGRAM ▪ Main milestones of the Phase 1 Exploration Program at Pedra Branca ✓ Established Brazil operations & mobilized team (completed) ✓ Commence drill program (completed) ✓ Initial trench results (completed) ✓ Initial RC drill results (completed) ✓ Historical diamond drilling
Slide 18: Big Kidd Project
▪ Located in southern BC near major copper mines BIG KIDD ▪ Powerline and major highway crosses the property PROJECT ▪ BK deposit: 550 m x 500 m gold-rich breccia pipe ▪ Historic drill results include 116 m of 0.79 g/t Au and High-grade Cu-Au in 0.12% Cu and 75 m of 0.75 g/t Au and 0.25% Cu a Tier 1
Slide 19: Tier 1 Location with Access to Key Infrastructure
TIER 1 LOCATION WITH ACCESS TO KEY INFRASTRUCTURE ▪ 4,056 ha land package located in the Nicola Mining Division in southern BC ▪ ~25 km southeast of Merritt, BC (15 mins via highway) and 250 km northeast of Vancouver ▪ Powerline runs adjacent to BK Breccia deposit ▪ Excellent logging road access thr
Slide 20: Key Zones
KEY ZONES BK Breccia Zone Dago Zone Big Sioux Zone ▪ 550 x 500 m (depth unknown) breccia pipe ▪ 4x background Cu-in-soil anomaly coincident ▪ Hosts 1918 shaft that extracted 44 tons of ▪ Only half has been historically drilled with both a 1,000 m x 300 m magnetic and 12.0% Cu, 68 g/t Ag and 0.57 g/t
Slide 21: Results from 2019 Drill Program
RESULTS FROM 2019 DRILL PROGRAM ▪ 2019 drilling expanded the Breccia Zone to the north, south, west and at depth ▪ BK-19-009 intersected a second mineralized breccia body from 420 m to 644.3 m (EOH) with stronger and still increasing alteration ‒ Indicated increasing alteration and chalcopyrite to p
Slide 22: Why Invest?
WHY INVEST? ATTRACTIVE HIGH-GRADE MAIDEN EXPERIENCED ENTRY POINT GOLD & RESOURCE & LEADERSHIP FOR AN EXCITING COPPER IN ESTIMATE IN WITH CLEAR EXPLORATION BRAZIL & Q2 2021 GOAL OPPORTUNITY CANADA southatlanticgold.com 22 TSX-V:SAO
Slide 23: Explore, Grow. Sustainably.
Explore, Grow. Sustainably. NYSE AMERICAN & TSX:VGZ www.vistagold.com SouthAtlanticGold.com Tel: +1 250 762 5777 [email protected] 23
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