Au Gold Corp · TSXV:AUGC
Au Gold — Investor Presentation (January 2024)
17 slides from Au Gold's investor presentation, January 2024
Slide 1: Exploring Low Sulphidation Epithermal Gold at the Ponderosa Property, BC
EXPLORING LOW SULPHIDATION EPITHERMAL GOLD AT THE PONDEROSA PROPERTY, BC January, 2024
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS
Slide 3: Management Team and Directors
MANAGEMENT TEAM AND DIRECTORS MANAGEMENT Marc G. Blythe, MBA, P. Eng President and CEO Winnie Wong, CPA, CA CFO and Corporate Secretary William A. Wengzynowski, P. Eng Exploration Manager DIRECTORS Marc G. Blythe, MBA, P. Eng Garrett Ainsworth, B.Sc, P.Geo Mark T. Brown, CPA, CA Scott Trebilcock, B.
Slide 4: Company Share Structure
COMPANY SHARE STRUCTURE Current issued share capital 33,655,824 options ($0.10) 2,400,000 No warrants Trading on the TSX.V Exchange AUGC Working Capital ~ $ 100,000 Insider Shareholders 35% Last financing concurrent with Public Company Listing in 2021 $1,500,000 flow-through share offering $
Slide 5: Project Location
PROJECT LOCATION 16 km southwest of Merritt BC 21 km northwest of Westhaven Gold Corp’s Shovelnose Deposit Spences Bridge Gold Belt PONDEROSA PROPERTY SHOVELNOSE DEPOSIT Resource Estimate 841,000 oz Gold indicated (at 2.47 g/t Au) 277,000 oz Gold inferred
Slide 6: Ponderosa Claim Location
PONDEROSA CLAIM LOCATION Paved and chip sealed roadway to the property entrance 420 ha land package
Slide 7: Terrain and Geology
TERRAIN AND GEOLOGY Extensive road network through central part of property Similar elevation range to Shovelnose project Spius Fm Pimainus Fm
Slide 8: Historical Work: 2004-2007
HISTORICAL WORK : 2004-2007 Broadly spaced grid soil geochemistry Prospecting discovery of Axel Ridge vein exposure Hand specimen – 12.82 g/t Au Hand trenching – 11.7 m @ 2.22 g/t Au * Scissor style diamond drill program yielded no vein intercepts
Slide 9: Recent Work: 2019-2023
RECENT WORK : 2019-2023 Property-wide close-spaced soil grid geochemistry UAV and Helicopter borne gradient magnetic surveys Detail prospecting identifying 8 zones along 2 km trend Hand trenching at Tomahawk exposed 13 m wide vein system – high level textures and anomalous gold values mostly
Slide 10: Tomahawk Zone - 2022
TOMAHAWK ZONE - 2022 Gold Geochemistry 20 ddh’s (2,335 m) at Tomahawk and Flatiron offset along 400 m trend N Vein zone and associated alteration in most holes Tomahawk PD22-10 PD22-09 PD22-03 PD22-06 PD22-07,08 PD22-04,05 PD22-11,12 PD22-01, PD22-03 02 PD22-15 PD22-09 PD22-15 PD22-16 PD22-13,14
Slide 11: Tomahawk Zone - Section
TOMAHAWK ZONE - SECTION Overburden thicker than expected Structural juxtaposition resulted in much shallower intercepts on vein zone than originally designed Section Looking NE
Slide 12: Tomahawk Drill Results
TOMAHAWK DRILL RESULTS Hole From To (m) Int (m) Au (g/t) Ag (g/t) (m) PD22-01 22.86 26.24 3.38 0.23 0.80 PD22-02 18.15 25.56 7.41 0.29 1.60 PD22-03 6.33 10.67 4.34 0.16 0.62 22.40 23.84 1.44 0.49 1.19 PD22-07 17.10 19.20 2.10 0.26 1.19 PD22-09 14.18 17.56 3.38 0.23 3.91 PD22-12 19.86 25.91 6.05 0.32
Slide 13: Tomahawk Zone - Interpretation
TOMAHAWK ZONE - INTERPRETATION PONDEROSA STRUCTURAL CORRIDOR - PSC Expert (Dr. Jeff W. Hedenquist) interprets system as shallow (i.e. preserved), source fluids likely nearby (10’s to 100’s of m), textures represent upper part of the system Tomahawk/Flatiron and Axel Ridge mzn may be associated w
Slide 14: Ponderosa Structural Corridor
PONDEROSA STRUCTURAL CORRIDOR PONDEROSA STRUCTURAL CORRIDOR - PSC PSC MAIN TARGETS T-Bone: Strongest coincident Au/As soil geochemical anomaly – 3 m composite sample of silicified volcanic (0.47 g/t Au) T-Bone South: Continuation of Au/As geochemistry and extensive clay alteration along road cut
Slide 15: Next Phase of Exploration
NEXT PHASE OF EXPLORATION PONDEROSA STRUCTURAL CORRIDOR - PSC Proposed track-mounted RAB drilling along 2 km trend of the PSC Easy access to majority of targets as road system cuts through the center of PSC RAB drilling designed as tip to tail fences across PSC at key intervals along en-echelo
Slide 16: High Level / Lateral Flow?
HIGH LEVEL / LATERAL FLOW? ee Montmorillonite - Smectite group clay = 5 rw : Sheeted Veins Stockwork/Breccia Veinlets Breccia 150 degree: i Cryptocrystalline silica flood i i Low Grade Precious Metal Interval Illite-kaolinite 200 degrees C High Grade Precious Metal Interval 250 m 5 Silica-adularia M
Slide 17: Targeting Feeder Zone(s)
TARGETING FEEDER ZONE(S) Targeting feeder zones along PSC working from north to south 130 m elevation difference from T-Bone target area to Cattle Guard South area Largest concentration of > 1 g/t Au surface samples are sourced along the southern extension of the PSC at lower elevations High