Urz3 Energy Corp. · TSXV:URZ
Urz3 Energy — Nevada Exploration — Technical Presentation (January 2018)
25 slides from Urz3 Energy's technical presentation, January 2018
Slide 1: Kelly Creek Project Scorpion Drilling Update
Kelly Creek Project Scorpion Drilling Update January 2018 TSX.V: NGE OTCQB: NVDEF Nevada Exploration Inc. | Reno, Nevada www.nevadaexploration.com TSX.V: NGE | OTC: NVDEF
Slide 2: Disclaimer
Disclaimer This Presentation contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the timing and nature of estimated future exploration, success of exploration activities, and potential transactions and ventures discussed.
Slide 3: Location and Geologic Setting
Location and Geologic Setting Kelly Creek Project Kelly Creek Basin Represents a 1,000 km2 underexplored covered search space along the Cortez Trend, with >70 Moz Au discovered in and near to the ranges immediately surrounding the Basin Gold Deposits NGE’s Kelly Creek Project Generated based on a sy
Slide 4: Geology of adjacent major deposits: Lone Tree
Geology of adjacent major deposits Lone Tree (5Moz) - Newmont Geologic setting and ore controls Structural controls: the principal ore host at Lone Tree is the Powerline Fault, which strikes NNW, dips steeply to the west, and has a strike length of over 2.4 km; and within the Powerline Fault, the go
Slide 5: Geology of adjacent major deposits: Marigold
Geology of adjacent major deposits Marigold (8Moz) – SSR Mining Geologic setting and ore controls Structural controls: the Marigold orebodies are largely confined to broad damage zones of increased permeability near fault corridors that were active during mineralization, which are offset, pinch, and
Slide 6: Major deposits south of the Kelly Creek Project
Major deposits south of the Kelly Creek Project, Exposed geologic units and major at southern end of Kelly Creek Basin mapped structures exposed south of the Project Kelly Creek Project Kelly Creek Project Lone Tree (5Moz) Nevada Exploration Nevada Exploration Newmont Havallah Fm. Siltsone, meta-vol
Slide 7: N-S structural fabric
Major mapped structures projected beneath Major mapped structures projected cover supported by air magnetic geophysics beneath cover supported by gravity geophysics N-S structural fabric N-S structural fabric (shallow bedrock) Gravity high Lone Tree (5Moz) Newmont Eastern flank Marigold (8Moz) SSR M
Slide 8: N-S structural fabric
Major mapped structures projected beneath Major mapped structures projected cover supported by seismic geophysics beneath cover supported by CSAMT geophysics N-S structural fabric N-S structural fabric North end of North end of Marigold Nevada deposit Exploration Inc. | Reno, Nevada Marigold deposit
Slide 9: Kelly Creek Project Geologic Setting
Kelly Creek Project Geologic Setting Results of mapping and geophysical programs Host units and controls of gold mineralization Gravity Kelly Creek Gold mineralization at Marigold is scattered through broad geophysics Project mineralized fault zones that cut through iron-rich quartzite, siltstone an
Slide 10: Scorpion Drilling Program
Scorpion Drilling Program Geochemistry of Groundwater, Alluvium, and Bedrock 2016 – 2017 Scorpion drill program The Scorpion holes were positioned to follow up on the targets defined by the enriched Au in groundwater identified by earlier GeoprobeTM sampling and wide-spaced drilling, coincident with
Slide 11: Scorpion and other boreholes with Au in groundwater
Scorpion and other boreholes near the Kelly Au in groundwater at and near Creek Project with groundwater samples the Kelly Creek Project Lone Tree (5Moz) Newmont Au in Inset for groundwater at Lone Tree next INSER slides Marigold (8Moz) SSR Mining N Au (ppt) N >7 >10 5 km 5 km >15 >30 Nevada Explora
Slide 12: As and Sb in groundwater
As and Sb in groundwater Supporting Au-associated geochemistry Boreholes with Water As in groundwater groundwater samples As (ppb) Zones of enriched Au also supported by anomalous >50 concentrations of As >100 (200 ppb As > 98th percentile seen across Nevada) >200 While no As-in-groundwater data is
Slide 13: Au in groundwater and bedrock
Au in groundwater and bedrock Combined results from Scorpion and earlier drilling Au in groundwater Boreholes with Water groundwater samples Au (ppt) The lateral extent of the Au footprint at the project is of a comparable size, and perhaps larger, than that seen at Lone >7 Tree suggesting presence
Slide 14: E-W Cross Section (A–B): Scorpion 3D geochemistry
E-W Cross Section (A – B) Au in groundwater and bedrock Scorpion 3D geochemistry A B KCBS47 KCBS47 KCBS48 KCBS46 KCBS45 Groundwater sampled on ~10 m intervals; alluvium Groundwater sampled every 10m sampled on 1.5 m intervals, and bedrock (where encountered) sampled on 1.5 m intervals Of ~450 alluvi
Slide 15: Nearby deposit analogue: Marigold
Nearby deposit analogue: Marigold Scale of Au-in-bedrock target relative to nearest deposit Establishing context for bedrock sampling The three drill holes shown on section A-B (previous slide) that encountered >0.1 g/t Au at shallow depths (KCBS-45, KCBS-46, and KCBS-47) represent one of two cluste
Slide 16: Scorpion program summary
Scorpion program summary Vectoring under cover with 3D geochemistry Focusing the target Au in groundwater The large favourable geologic setting and geochemistry footprint at Kelly Creek is consistent in terms of scale with those related to the Lone Tree and Marigold systems Inset for Within the larg
Slide 17: Updated geologic model
Updated geologic model Integrating earlier drilling results to test and improve model Historic scout drilling results W Poorly tested structural corridor Area of shallow Untested structural zone E on western flank bedrock on eastern flank Holes not directed by the latest geologic surface model based
Slide 18: Western flank – earlier core drilling
Western flank – earlier core drilling Core boxes labelled in feet EHP-1 (angled -55° to E): penetrated a major zone of fault damage throughout the entire hole from top of bedrock at 110 m (361 ft) to TD at 240 m (787 ft) - multiple periods of fault deformation, clay, calcite, pyrite, quartz, barite,
Slide 19: Eastern flank – earlier core drilling
Eastern flank – earlier core drilling Core boxes labelled in feet EHP-7 (angled -60° to E): is still several hundred meters west of the completely untested eastern flank structural corridor associated with the largest gold in groundwater anomaly, angled to the east off of the bedrock high, and it en
Slide 20: Kelly Creek: a new district-scale mineral system
Kelly Creek: a new district-scale mineral system Critical components of Tier-1 gold systems in Nevada Critical components at Supporting evidence at Kelly Creek Status at Kelly Creek project-scale (1) Favorable structural • Primary structural patterns seen in the air magnetic, gravity, seismic and CS
Slide 21: Kelly Creek: a new district-scale mineral system
Kelly Creek: a new district-scale mineral system Critical components of Tier-1 gold systems in Nevada Critical components at Supporting evidence at Kelly Creek Status at Kelly Creek project-scale (3) Favorable alteration • Earlier core and RC drilling intersected many 100 m intervals of bleaching, I
Slide 22: Kelly Creek: a new district-scale mineral system
Kelly Creek: a new district-scale mineral system Critical components of Tier-1 gold systems in Nevada Critical components at Supporting evidence at Kelly Creek Status at Kelly Creek project-scale (5) Favorable host-rocks • All 11 of the deeper core holes, which were widely spaced from 500 m to 1,000
Slide 23: Next phase of work
Next phase of work Deeper drilling to test for confluence of critical components Planned next drilling program W Focused, linear zones of Au-in- E groundwater enrichment Work-to-date confirms all of the critical surface components needed to host a world-class surface 5 - 10 Moz deposit are present o
Slide 24: Systematically exploring the district
Systematically exploring the district Significant favourable geology still to evaluate Established workflow to continue towards the north The primary focus of NGE’s work to date has been at the southern end of its land position (shown in blue) The results at the southern end of the Project clearly h
Slide 25: Summary
Summary Current project status and next milestones • Scorpion drill results have confirmed that the hydrothermal system active at Kelly Creek is gold-bearing over large areas, with enriched Au in groundwater anchored to at least two clusters of >0.1 g/t Au-in-bedrock covering areas consistent in siz
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