Gfg Resources, Inc. · TSXV:GFG
Gfg Resources — Investor Presentation (July 2022)
36 slides from Gfg Resources's investor presentation, Jul 20, 2022
Slide 1: Going for Gold
TSX-V: GFG | OTCQB: GFGSF GOING FOR GOLD Strong Portfolio of Highly Prospective District Scale Assets in Tier I Jurisdictions www.gfgresources.com July 20, 2022
Slide 2: Cautionary Statement
Cautionary Statement Cautionary Note Regarding Forward-Looking Information This document contains certain forward-looking statements relating but not limited to the Company’s expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking words suc
Slide 3: A North American Gold Explorer
A North American GOLD Explorer A Compelling Investment Opportunity Experienced Management & Board Highly credible, innovative & disciplined team with track record of success in exploration, development & production Our Mission • aggressively District Scale Opportunities Consolidated two district sca
Slide 4: Corporate Snapshot
Corporate Snapshot Major Insider Ownership & Backed by Strong Institutions Capital Structure Shares outstanding (basic) 159.1 million Warrants 5.9 million Shares outstanding (fully diluted) 171.0 million Share price (June 19, 2022) C$0.11 Market Cap ~C$17 million Cash (March 31, 2022) ~C$2.8 million
Slide 5: Why Gold Exploration?
Why Gold Exploration? Quality Greenfield Opportunities are Rare Exploration Spend & Ounces Found : World 1985-2019 Exploration companies matter Moz Primary gold deposits only >100koz US$ Billion more than ever: 350 Est Unreported Discoveries $14 Moz Gold Found 300 $12 Exploration Expenditures • Lack
Slide 6: Surrounded by Majors
Surrounded by Majors World Class Gold District & Infrastructure Where is the best place to make the next BIG discovery? +150 M Au ozs in this map • Control the 2nd largest land position (+800 km2) • Projects strategically located along main structural breaks • Outstanding infrastructure, skilled lab
Slide 7: Timmins East – Proven Gold Systems
Timmins East – Proven Gold Systems Regional Landscape 30 km • Strategic location - 48km from Timmins • Geology like many Timmins deposits • Goldarm property consists of ~15,000 Ha • Located along a major crustal breaks – Pipestone & • Proximal to significant infrastructure & numerous mines North Pip
Slide 8: Montclerg Gold Project
Montclerg Gold Project Overview & Historic Drilling DDH Database • 123 holes (27,811m) • 96 holes (19,730m) along 1.6 km Montclerg trend, 80 holes completed prior to 1967 • 23 holes (4,700m) along 0.6 km CMX trend 1 km A Fertile System That Has Only Been Tested Locally & Shallowly *See footnote for
Slide 9: Why We Like It
Why We Like It MC & CX Cross Section Robust System with Multiple Gold Events Present *See footnote for QA/QC disclosure p.36 www.gfgresources.com TSX-V: GFG | OTCQB: GFGSF 9
Slide 10: What We Have Done
What We Have Done Significant Progress & Demonstrating a Robust Gold System 2021 Assays: 1.56 g/t Au over 27.5 m Jan 24, 2022 0.78 g/t Au over 40.5 m Oct 25, 2021 Acquisition of Montclerg Feb 28, 2022 2022 Phase 1 Drill Program Started 2021 Assays: Apr 28, 2022 8.26 g/t Au over 1.0 m 3.80 g/t Au ove
Slide 11: Maiden Drill Program
Maiden Drill Program High-grade & Bulk Tonnage Results from Initial Drilling • Q4 2021 Phase 1: 14 drill holes (3,200 m) focused MC Central & MC East • Initial success with both high-grade & bulk tonnage • Intensity of the alteration, veining & sulphidation are consistent with a multi-stage, large-s
Slide 12: High-Grade & Bulk Tonnage
High-Grade & Bulk Tonnage Demonstrating Scale with Impressive Grades • Hole MTC-21-005/006 intercepted Upper Footwall Zone above 150 m • Successfully encountered 3 high-grade intervals of intense sericite, carbonate & silica alteration, moderate quartz veining, disseminated pyrite & arsenopyrite at,
Slide 13: 2022 Drill Program
2022 Drill Program High-grade & Bulk Tonnage Results from Initial Drilling • Q1 2022 Phase 1: 17 drill holes (~4,200 m) focused on infill drilling at MC Central with step-out drilling at MC West, MC East & CX targets • Program wrapped up in mid-April & 5 holes awaiting assays from MC Central & CX Ce
Slide 14: 2022 Drill Program: MC Central Follow-up
2022 Drill Program MC Central Follow-up • 20 - 40 m infill holes proximal to hole 5/6 and step-outs to the east (75-150 m depth) • MTC-22-019: 4.38 g/t Au over 5.5 m 2.53 6.97 • MTC-22-020: 4.95 g/t Au over 8.3 m 4.47 5.71 4.90 • MTC-22-021: 1.51 g/t Au over 21.7 m 2.94 1.38 0.52 • MTC-22-023: 1.60
Slide 15: 2022 Drill Program: MC West
2022 Drill Program MC West • First pass test of legacy 1940-60’s vintage holes & several vertical holes from 2007 • MTC-22-014: 1.47 g/t Au over 9.0 m • MTC-22-015: 1.32 g/t Au over 33.5 m • MTC-22-018: 3.51 g/t Au over 5.9 m • More prominent porphyry vs felsic volcanics, multiple veining episodes,
Slide 16: 2022 Drill Program: Eastern Step-outs
2022 Drill Program Eastern Step-outs • Targeted to follow-up on 1940’s drilling with arsenic ground water anomaly • Multiple zones of mineralization, thickened & highly altered mafic package with pyritic basalt, grey zone alteration with associated veining/broad sulphidation & mineralized porphyry a
Slide 17: CX Trend Analogous to Clavos Setting
CX Trend Pipestone Deformation Zone Assays Pending • 2 holes testing on 100 m centers at elevation ~ 300m • Easterly hole returned 3 porphyry intervals, veined contacts & associated sulphidation • Encouraging structure Analogous to Clavos Setting – Limited Testing at Depth *See footnote for QA/QC di
Slide 18: Goldarm Consolidated
Goldarm Consolidated Strategic Land Position & Underexplored • The Pipestone Fault Zone is a major • High gold prospectivity is indicated • The North Pipestone Fault Zone & fault splay off the prolific Porcupine- by several gold deposits that occur Carr Intrusive setting host other Destor Fault Zone
Slide 19: Goldarm East
Goldarm East Aljo Gold Prospect - Tremblay Historic high-grade gold mine from the 1940’s with limited exploration 0.195 opt Au / 10.8 ft Inc. 0.58 opt Au / 2.0 ft 0.52 opt Au / 2.0 ft 0.15 opt Au / 4.0 ft 2.98 opt Au / 2.0 ft 0.14 opt Au / 2.9 ft McLaren Resources 2.95 opt Au / 6.0 ft 0.33 opt Au /
Slide 20: Pen Gold Project
Pen Gold Project New Discovery & Multiple High-Grade Results “We are demonstrating that this area of the Abitibi is underexplored & represents an exciting region to make gold discoveries” Sewell Region: Slate Rock: Nib: • Intersected 3 distinct high-grade Au structures • Demonstrated broad zones of
Slide 21: Dore Gold Project
Dore Gold Project Next to World Class Gold System • District scale land package – 212 km2 • Located in between the Borden gold project, Cote gold project & Newcrest Sylvanite project • Cote Gold Project: construction on-going to build 36,000 tpd mill – complete in 2023 • Highly prospective based on
Slide 22: Our Strategy for Timmins
Our Strategy For Timmins Significant Opportunity to Expand & Discover 5 km Montclerg/Goldarm • Drill program at Montclerg of ~10,000 m in 2022 to target: • Expansion & definition of the MC & CX systems • Test greenfield targets • 3D geological modelling • Regional • Data compilation/targeting • Soni
Slide 23: What if ISR Technology can Revolutionize the Gold Industry
Rattlesnake Hills Gold Project, Wyoming U.S. What if ISR Technology can Revolutionize the Gold Industry
Slide 24: Proven Gold District
Proven Gold District The Ideal Gold Project for ISR Technology Wyoming +USD$40 Million Invested Geology One of the best jurisdictions for mining & 102km of drilling focused on a small Analogous to Cripple Creek, Wharf & exploration in the US section of the property Golden Sunlight Mines District Sca
Slide 25: Group 11 Transaction
Group 11 Transaction Option & JV Agreement to Earn 70% Partnering with Group 11 to disrupt the gold mining space….. G11 Technologies (“Group 11”) has the right to acquire up to 70% by completing a series of exploration & development expenditures & making staged cash & equity payments over 5 1/2 year
Slide 26: Group 11 Competitive Advantage
Group 11 Competitive Advantage Putting All the Pieces Together Only recently have scientists been able to put all the pieces together to make it work – no new ingredients – just a refined recipe for precious metal extraction www.gfgresources.com TSX-V: GFG | OTCQB: GFGSF 26
Slide 27: EnviroMetals Solution: An Alternative to Cyanide
EnviroMetals Solution An Alternative to Cyanide ENVIROMETALS VS. CYANIDE ENVIROMETALS VS. CYANIDE LEACH EFFICIENCY Sulphide/Gold Concentrate Leach Test Results 600 100% 90% 500 Gold in Solution (ppm) 80% Gold Recovery (%) 400 70% 60% 300 50% 40% 200 30% 100 20% 10% 0 0% 0 1 2 3 7 8 10 11 12 13 16 17
Slide 28: G11 Testwork at RSH
G11 Testwork at RSH Exceeded All Expectations • Whole core immersion & bottle roll tests were completed on samples from a spectrum of grade, lithology & oxidation across the deposit • A wide range of recoveries was returned from the whole core leach results: 15.9 to 82.4 % & averaged 48.2 % • Bottle
Slide 29: G11 Testwork at RSH: Next Steps
G11 Testwork at RSH Next Steps Higher Recovery • All main rock types host recoveries in excess of 40% - Heterolithic bx, Monolithic Schist bx, Schist, Phonolite & Monzodiorite • Key parameters influencing recovery include oxidation state, RQD, host rock, grade, sulphide content • Lower recovery corr
Slide 30: Why Rattlesnake?
Why Rattlesnake? The Right Location & Geology Many ISR Mines Currently in Operation Wyoming is rated as one of the top mining jurisdiction in the U.S. Wyoming regulators understand & effectively legislate ISR better than anywhere else in the U.S. Gold grades throughout the system vary from low
Slide 31: Achievements & Catalysts
Achievements & Catalysts The Stage is Set for an Exciting 2022 • Completed 10,000 m of drilling • Partnership with Group 11 Tech to advance Rattlesnake Hills Gold Project • Acquired Montclerg Gold Project • Completed maiden drill program at Montclerg 2021 • Raised +$3 million • Drill results from Mo
Slide 32: Invest in GFG For……
Invest in GFG For…… Exposure to district scale assets in world class jurisdictions Our technical team that has a proven track record Our ability to finance projects Our promise to maximize $’s in the ground Opportunity to find the next Timmins Gold Mine & develop an ISR gold project in Wyoming Well-
Slide 33: Stay Informed & Connected
Contact Us: Stay Informed & Connected Marc Lepage, VP Business Development www.gfgresources.com [email protected] 306-931-0930 202- 640 Broadway Ave Saskatoon, SK Canada S7N 1A9 www.gfgresources.com TSX-V: GFG | OTCQB: GFGSF 33
Slide 34: Executive Team
Executive Team Biographies Brian Skanderbeg, P.Geo. - President & CEO, Director Mr. Skanderbeg was most recently President & CEO of Claude Resources Inc. which was acquired by SSR Mining for $337 million. He previously worked for Goldcorp, Inco Ltd. & Helio Resources, holding positions in both explo
Slide 35: Board of Directors
Board of Directors Biographies Patrick Downey, P.Eng. - Non-Executive Chair Mr. Downey has over 25 years of international experience in the resource industry. Mr. Downey has significant executive & board experience which includes, Claude Resources, Victoria Gold, Dalradian Resources, Elgin, Viceroy,
Slide 36: Footnotes
Footnotes 1. Sampling and Quality Control: Till Samples were collected from hand-dug pits by experienced samplers at depths up to 1 meter in a grid pattern with nominal spacing of 500 by 1000m in areas of till cover. Geochemical samples (~2 kilograms) were sieved to minus 230 mesh and analyzed for g