Independence Gold Corp. · TSXV:IGO
Independence Gold — Investor Presentation (November 2021)
48 slides from Independence Gold's investor presentation, November 2021
Slide 1: Investor Presentation
Investor Presentation INGOLD November 2021
Slide 2: Cautionary statements for United States investors
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the British Columbia Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and othe
Slide 3: Investment highlights: the 3Ts Project and team
Strong leadership and technical team with more than 250 years of industry experience that have been involved in several major discoveries, financings and takeovers worth more than $2.0 billion The main asset is the 3Ts Project: • Located in a mining friendly jurisdiction, with active First Nations e
Slide 4: Share Structure
Share Structure* Shares Outstanding ~85.6 Million* Fully Diluted ~108.0 Million* Cash ~$0.5 Million Market ~$9. Million Capitalization Share Price $0.115* Share Price (annual) $0.065-$0.225* *Approximate as of June 30, 2021 Financings Share Issuance Proceeds June 2016 10,884,880 FT Ownership $1.96 M
Slide 5: Management and directors
Randy Turner, PGeo – President & CEO, Director Michael McPhie, MSc, QEP – Director Mr. Turner is a Professional Geologist with over 50 years of experience in Canadian and Mr. McPhie is a senior mining executive with more than 25 years of operational, international exploration, business & financing.
Slide 6: Project portfolio: Boulevard, 3Ts, Spences Bridge
BOULEVARD PROJECT | 100% Interest DAWSON CITY • Advanced exploration project in the White Gold Area, Yukon • Located 135 km south of Dawson City, 35 km south of the Golden Saddle Project and contiguous to the Coffee Project (Newmont Corporation) YT • Significant drill intercepts include 26.27 g/t go
Slide 7: Located approximately 20 km from the Blackwater Gold Project
Located approximately 16 km from the Blackwater Gold Project Artemis Gold Resource: 0.69M oz Artemis Gold Au and 39.4 M oz Ag Reserve: 8.2M oz Au and 60.8M oz Ag Capoose Blackwater IGO 3Ts Resource: 0.4M oz Au and 12.5M oz Ag 100% owned, 15 claims covering ~5,200 ha 6
Slide 8: Work completed at 3Ts
Diamond Drilling 249 Holes, 50,500 m Trenching 45 trenches, 2,060m Ground Geophysics 471 line km Airborne Geophysics 286 line km Soil Samples 3,626 Rock Samples 2,160 7
Slide 9: Exploration expenditures by category
Geology $ 276,566 Geophysics 262,094 Surface Sampling 304,601 Drilling 3,313,586 Land Tenure 306,380 Total $ 4,463,227 8
Slide 10: Comparative Geology (3Ts - Blackwater)
COMPARATIVE GEOLOGY (3Ts - BLACKWATER) a) 3 uw z z ° = mi rey a w a and Schroeter, 1997 INGOLD.CA | TSX.V: IGO
Slide 11: Epithermal, low sulphidation vein mineralization
Epithermal, low sulphidation vein mineralization 13 10
Slide 12: 3Ts veins: discovery, strike length, drilling
Strike Length Date Resource Veins Surface Width Open Discovered Drilled Calculated Map Johnny Vein 1996 >280m >100m 0.25 to 5.0m Yes No Billy Vein 1994 ~40m N/A 0.4 to 1.0m Yes No Ian Vein 1994 >560m N/A ~1.0m Yes No Tommy Vein 1994 >1km >1km 1.4 to 8.3m Yes Partial, Above Sill Only Bobby Vein 1994
Slide 13: Current Inferred Resource Estimate
Current Inferred Resource Estimate: Year Vein Gold Cut- Tonnes Gold Grade Silver Grade Gold Silver NI 43-101 Includes Completed off Ounces Ounces Compliant? Below Sill 2012 Tommy Vein 1 g/t 1,490,000 4.25 g/t 41.92 g/t 204,000 2,009,000 Yes No 2014 Ted Vein 1 g/t 2,942,000 1.64 g/t 94.68 g/t 155,000
Slide 14: Metallurgical recovery test results
Composite 1 Composite 2 Tommy Vein Ted-Mint Offset Vein Total Gold Recovery Total Silver Recovery Total Gold Recovery Total Silver Recovery Gravity Concentrate 1.46% 0.57% 27.6% 3.62% Floatation Concentrate 76.0% 74.8% 64.1% 84.8% Leach Concentrate 16.4% 17.1% 6.18% 7.07% Total Recovery 93.9% 92.4%
Slide 15: Winter 2021 drilling and geophysical survey
A ~4,500m winter drilling program was completed in April 2021, which was planned to test the Ted-Mint Vein System and the Tommy Vein System, both above and below the Microdiorite sill. Following the winter drill program, a major geophysical survey was completed by Dias Geophysical covering 8 km², co
Slide 16: Tommy and Ted-Mint vein highlights
Tommy Vein Highlights: • 3T-21-08: 2.45g/t Au and 29.36g/t Ag over 37.0m, including 9.39g/t Au and 114g/t Ag over 8.3m. • 3T-21-10: 3.9g/t Au and 28.11 g/t Ag over 4.8m, including 6.48g/t Au and 30.00g/t Ag over 0.75m, also including 12.01g/t Au and 92.0g/t Ag over 1.0m. Ted-Mint Vein Highlights: •
Slide 17: Ted-Mint Vein Drilling Summary
TED-MINT VEIN DRILLING SUMMARY -s6az0 _g6qs0" a) 4 a a] a ce) = mn Te) a J Te) INGOLD.CA | TSX.V: IGO
Slide 18: Pre-2020 drilling campaign
*Pre-2020 drilling campaign 17
Slide 19: Ted-Mint Vein: 3.63 g/t gold over 67.6m
TED-MINT VEIN: 3.63 G/T GOLD OVER 67.6M Au Assay, 3T-20-10 E BT eios TTT S072 TT12-064 | 31-20-10 11s0m 4 : 37-21-04 1050m 4 950m + 850m 74 Lithology - Model T 364750 Scale: 1:4,500 T 364850 364950 Location: Vertical exaggeration: 1x W: 364738, 5876775 E: 365038, 5876775 om 100m 510 119.6 67.6 3.63
Slide 20: Ted-Mint Vein: 132.83 g/t silver over 67.6m
TED-MINT VEIN: 132.83 G/T SILVER OVER 67.6M Ag Assay, 3T-20-10 E “4 ES Y = z 4 < a z 1150m Saat "05 TT 3-072 TT12-064 3T-21-04 Lithology - Model 1050m 4 g50m 850m 4 T T 364750 364850 364950 Scale: 1:4,500 Location: - + . Vertical exaggeration: 1x _ —_+ al a W: 364738, 5876775 et 2 = om 100m 77.0 82.
Slide 21: Ted-Mint Vein
TED-MINT VEIN 58.0 to 59.0 m grading 46.45 g/t Au and 2,550 g/t Ag over 1 metre TED-MINT VEIN 112.01 to 113.0 m grading 42.47 g/t Au and 332 g/t Ag over 1 metre 20
Slide 22: Ted-Mint Vein: 4.53 g/t gold over 20.7m
TED-MINT VEIN: 4.53 G/T GOLD OVER 20.7M Au Assay, 3T-21-12 1150m : : “4 ES Y = z =| < a z TT12-070 TT12-071 | Lith ology - Model gTr21-12 MDIO 1050m 950m 850m 750m T 364750 T 364850 364950 Scale: 1:4,500 . abaris 680 887 207 4538585 Location: ‘Mint Central 69.0, 7.0 2 9.06, 93 Vertical exaggeration:
Slide 23: Ted-Mint Vein: 85.85 g/t silver over 20.7m
TED-MINT VEIN: 85.85 G/T SILVER OVER 20.7M Ag Assay, 3T -21-12 1150m : : “4 ES Y = z =| < a z TT12-070 TT12-071 | Lith ology - Model gTr21-12 MDIO 1050m 950m 850m 750m T 364750 T 364850 364950 Scale: 1:4,500 . abaris 680 887 207 4538585 Location: ‘Mint Central 69.0, 7.0 2 9.06, 93 Vertical exaggerat
Slide 24: Ted-Mint Vein
TED-MINT VEIN 75.0 to 76.0 m grading 1.36 g/t Au and 66.0 g/t Ag over 1 metre TED-MINT VEIN 78.95 to 79.75 m grading 24.27 g/t Au and 161.0 g/t Ag over 0.8 metres 23
Slide 25: Ted-Mint Vein: 4.48 g/t gold over 96.75m
TED-MINT VEIN: 4.48 G/T GOLD OVER 96.75M 1150m 4 =| m Y = z s < = z Lithology - Model MDIO 1050m 4" Hi CAS 850m 74 | | | | | | 364750 364850 364950 Scale: 1:4,500 . 5 Location: Vertical exaggeration: 1x W: 364738,5876900 om 100m = E: 365038, 5876900 And ac gn Sg 25008 att] TSX VEIGO
Slide 26: Ted-Mint Vein: 61.64 g/t silver over 36.15m
TED-MINT VEIN: 61.64 G/T SILVER OVER 36.15M 1150m 4 =| m Y = z s < = z Lithology - Model MDIO 1050m 4" Hi CAS 850m 74 | | | | | | 364750 364850 364950 Scale: 1:4,500 . 5 Location: Vertical exaggeration: 1x W: 364738,5876900 om 100m = E: 365038, 5876900 And ac gn Sg 25008 att] TSX VEIGO
Slide 27: Ted-Mint Vein
TED-MINT VEIN 76.45 to 77.0 m grading 3.18 g/t Au and 214 g/t Ag over 0.55 metres 79.25 to 80.0 m grading 7.55 g/t Au and 333.0 g/t Ag over 0.75 metres 82.75 to 83.5 m grading 66.48 g/t Au and 578.0 g/t Ag over 0.75 metres 26
Slide 28: Tommy Vein Drilling Summary
TOMMY VEIN DRILLING SUMMARY 69500 369600 63700 369800 6900 4 fe) = = < = z 5877300 3877200 5876900 ‘877000 877100 876800 3876700 INGOLD.CA | TSX.V: IGO 363500 36a600 363700 s6a800 s6a900
Slide 29: Tommy Vein: 2.45 g/t gold over 37.0m
TOMMY VEIN: 2.45 G/T GOLD OVER 37.0M 1200m 4 1100m 1000m 4 900m 800m 4 Seale: 1:5,800 Au Assay 3T-21-08 Ww 31-21-08, TT13-084 363600 363700 363800 Location: Vertical exaggeration: 1x Lith ology - Model Hi Tom my_East Lithology - Drillhole| W: 363550,5877075 om 150m E: 363850,5877075 245.6 245.6 TSX.
Slide 30: Tommy Vein: 29.36 g/t silver over 37.0m
TOMMY VEIN: 29.36 G/T SILVER OVER 37.0M Ag Assay 3T-21-08 4 fe) = = < = z Ww 31-21-08, TT13-084 1200m 4 Lith ology - Model 1100m Hi Tom my_East 1000m +} Lithology - Drillhole| 900m 800m 4 363600 363700 363800 Scale: 1:5,800 Location: Vertical exaggeration: 1x W: 363550,5877075 om 150m E: 363850,5877
Slide 31: Tommy Vein
TOMMY VEIN 245.6 to 246.3 m grading 21.88 g/t Au and 236.0 g/t Ag over 0.7 metres TOMMY VEIN 246.3 to 247.3 m grading 43.9 g/t Au and 486 g/t Ag over 1 metre 30
Slide 32: Tommy Vein: 3.9 g/t gold over 4.8m
TOMMY VEIN: 3.9 G/T GOLD OVER 4.8M Au Assays 3T-21-10 WwW 37-20-01 3T-21-10 E | 3T-20-02 1200m 4" Lithology - Model 1100m 4 1000m 4 goom Sp 800m 4 T T T 363600 363700 363800 363900 Scale: 1:6,500 Location: Vertical exaggeration: 1x W: 363600, 5876805 om 200m a E: 363990, 5876805 4 fe) = = < = z
Slide 33: Tommy Vein: 28.11 g/t silver over 4.8m
TOMMY VEIN: 28.11 G/T SILVER OVER 4.8M Ag Assays 3T-21-10 WwW 37-20-01 3T-21-10 E | 3T-20-02 1200m 4 ¢ Lithology - Model Hi MDIO RQEP 1100m 4 C 2 Hy tommy 1000m 4 Lithology - Drillhole| cas |_| DIAB goom Sp [| moto mo [| RQFP 800m 4 8 ve T T T 363600 363700 363800 363900 Scale: 1:6,500 Location: Ver
Slide 34: Tommy Vein
TOMMY VEIN 473.55 to 474.55 m grading 12.01 g/t Au and 92.0 g/t Ag over 1 metre 33
Slide 35: 2019 Geophysical Survey (Airborne)
2019 GEOPHYSICAL SURVEY (AIRBORNE) Total Magnetic Intensity: 1VD Magnetic Intensity: INDEPENDENCE} prin Several untested targets identified through airborne magnetics INGOLD.CA | TSX.V: IGO
Slide 36: 2021 Geophysical IP Results
2021 GEOPHYSICAL IP RESULTS Dd ‘Lda Oud SLE Resistivity - Near Surface: . z ity 850m RS io” Several untested targets identified through airborne magnetics INGOLD.CA | TSX.V:IGO
Slide 37: Veins and Porphyry Targets
VEINS AND PORPHYRY TARGETS ‘362000 "362500 363000 1363500 1365000 2021 Deep Geophysical Survey ae eo a 2 S a 5 * Completed this summer by Dias Consulting + Deep IP based work - including NEW s SURFACE 5. downhole IP TARGET? Ss Ce + Results show a chargeability = Z anomaly at depth that has not INDEP
Slide 38: 2021 Geochemical Target Areas
2021 GEOCHEMICAL TARGET AREAS ‘363000 364 560 ‘366500 oa 4 w uv 3 a m fey a iv] a Yy \ a J ypewter A = INGOLD.CA | TSX.V: IGO Two new target areas discovered with 2021 soil sampling
Slide 39: 2021 fall/winter exploration program and budget
The 2021 fall/winter exploration program included: • 3 weeks of soil sampling for a total of ~700 samples • 2 weeks of re-logging to follow up on identifying new textures in historic core Following this phase, a ~3,000m Drill Program is planned Exploration Work Budget* Status Soil Sampling Program $
Slide 40: Merit and Nicoamen properties
Lillooet Kamloops MERIT PROPERTY • 4 mineral claims covering ~1,907 hectares • Epithermal target Spences Bridge • 7 anomalous zones identified by Au-As soil geochemistry Gold Belt and IP/Mag geophysical surveys • Trenching returned 7.24 g/t Au over 1.8 m incl. 14.99 g/t Merritt Au over 0.6 m Nicoame
Slide 41: Merit Property: surface mapping and anomalous zones
Surface mapping, prospecting and property wide ground geophysics completed in 2019 Seven anomalous zones identified, with the best results found in chalcedonic quartz veins with dark sulphide bands indicative of West Discovery Sullivan low sulphidation epithermal mineralization Hill Ridge Sullivan R
Slide 42: Merit Property: exploration follow-up
Exploration and surface mapping followed up on several zones identified in the 2019 season with the objective of further understanding, delineating and expanding targets Sullivan Ridge Target • Additional chalcedonic quartz veins were discovered branching off the main vein, with samples returning gr
Slide 43: Composite sample metallurgical recoveries
ESME 1 ESME 2 Total Gold Recovery Total Silver Total Gold Total Silver Recovery Recovery Recovery Gravity Concentrate 50.7 % 62.2% 95.1% 69.5% Floatation Concentrate 36.9 % 24.0% Leach Concentrate 11.9 % n/a 10.4% n/a TOTAL RECOVERY 99.5 % 95.1% 96.6% 69.5% Composite samples composed of chalcedonic
Slide 44: Nicoamen Property: mapping and geophysics
Surface mapping, prospecting and ground geophysics completed in 2019, with follow up sampling completed in 2020 Four anomalous zones identified from ground magnetics, as well as an arcuate feature striking NW-SE likely representing an intrusive- volcanics contact North Quartz veins in all zones stri
Slide 45: White Gold District, Yukon
WHITE GOLD DISTRICT, YUKON ALASKA VG Zone: Inferred Mineral Resource 230,000 oz @ 1.65 g/t Au (Comstock Metals Press Release Jan 2016) = ro White Gold Project: Indicated Mineral Resource 961,000 oz @ 2.43 g/t Au (White Gold Corp Press Release Apr 2018) as Moosehorn x Independence Gold Corp. Other Cl
Slide 46: The Boulevard Project totals 958 claims and 19,960 ha
MACCHIATO SUPREMO AMERICANO LATTE AMERICANO ESPRESSO KONA DOUBLE WEST DOUBLE # of Soil Samples 20,330 Geophysics (line km) 3,579 # (21) Trenching m 4,107 # (51) RC Drilling m 5,787 # (46) Diamond Drilling m 5,936 $ Spent (million) $ 9.5 The Boulevard Project totals 958 claims and 19,960 ha 19 45
Slide 47: 10 diamond drill holes completed in 2017
10 diamond drill holes (977.5 m) completed in 2017 21 46
Slide 48: For further information please contact
For further information please contact: TSX.V: IGO Telephone: 604-687-3959 or Email: [email protected] www.ingold.ca Randy Turner, President Andrew Randell, P.Geo., is the Qualified Person, as defined by National Instrument 43-101 has reviewed the technical information in this presentation 2020-02
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