Winston Gold Corp. · OTC:WGMCF
Winston Gold — Investor Presentation (August 2022)
24 slides from Winston Gold's investor presentation, August 2022
Slide 1: Winston Gold Corp. – Montana's Only Producing Underground Gold Mine
Winston Gold Corp. CSE: WGC OTC: WGMCF MONTANA’S ONLY PRODUCING UNDERGROUND GOLD MINE
Slide 2: Safe Harbour, Resource Risk, Qualified Persons
Safe Harbour Resource Risk Qualified Persons The following presentation may include certain “forward-looking statements” within the The investor should note that Winston Gold does not have a NI The technical results contained in this meaning of the United States Private Litigation Reform Act of 1995
Slide 3: Winston Project History
Winston Project History • The Winston property hosts two past producing mines; the Custer and Edna mines. • The district has a rich history of mining dating back to the 1867, with an estimated total district production of 100,000 ounces of gold from 150,000 tons of ore. (An average grade of 0.67 oun
Slide 4: Current Drilling & Carrabba Tunnel
Current Drilling & Carrabba Tunnel • Current Drilling has identified multiple high-grade veins • “Our first phase drill program was a great success,” said Mr. Nye. We drilled a total of 33 holes totaling 12,428 ft. (3,788 metres) and have confirmed the existence of two high- grade vein systems on ou
Slide 5: Current Results
Current Results • Winston’s Fast Track strategy has successfully put the mine into production in 18 months. Mine plan timeline Carrabba Tunnel🡪🡪 Current block • Most of the mining above the previously Next block mined areas above the water table will be Future development complete by the end of…
Slide 6: Location & Infrastructure
Location & Infrastructure • Year-round access by paved road. • Major powerline traverses property. • Excellent mining friendly CSE: WGC OTC: WGMCF • Hosts mesothermal vein system that has excellent jurisdiction. expansion potential at depth. • Historical reports indicate 1.5 ounce per ton gold ore w
Slide 7: Integrated Gold Mining Company
Integrated Gold Mining Company Self sufficient site People Geological Team Competent narrow On site office Mining Engineer Two Jumbos Two Ore trucks 4 geologists vein mining team CSE: WGC OTC: WGMCF Assay lab on site 2 diamond drill rigs Drillers 2 mechanics 36 staff onsite Mining equipment Check as
Slide 8: Drill for Structure, Mine for Gold
Drill for Structure Mine for Gold Main Reason: The historic Custer Vein and its satellite veins are narrow, high grade quartz fissure veins. These vein systems can be nuggety, meaning gold mineralization is not evenly distributed across or along the vein. • In order to complete a NI-43-101 resource,
Slide 9: Current Underground Development
Current Underground 4740 Level Development 4700 Level 4680 Level 2nd Mined Block 4640 Level 3rd Mined Block 4600 Level CSE: WGC OTC: WGMCF Carrabba Tunnel 9
Slide 10: Current Mining & Production Q4 2022
Current Mining & Shrinkage Stope Production Q4 2022 Mining Method Q4 Plan. Mine Top Block 60 x 60 ft to achieve: This method requires the least capital investment and can be operated with small crews. • 1,000 tonnes rock with head grades of 0.2 oz/t Au + 5 oz/t Ag. It is most suitable for orebodies,
Slide 11: The Paradine Mill
The Paradine Mill • The Mill has a capacity of 150 tons per day with gravity and flotation circuits. • A 35,000-ton newly lined tailings settling pond is currently in use for tailings disposal. Two additional ponds are being lined. • This facility has zero water discharge - implying no environmental
Slide 12: Custer (SW) and Parallel Plan
Custer (SW) and Parallel Plan Parallel Vein: • 417 ft strike length, 283 ft vertical extent, 4 ft average width. • Potential expansion NE, SW and at depth. Custer (SW) Vein: • 583 ft strike length, 240 ft vertical extent, 3 ft average width. CSE: WGC OTC: WGMCF • Potential expansion SW and at depth.
Slide 13: Custer (NW) Vein Plan Map
Custer (NW) Vein Plan Map Custer Vein (NW end): • 500’ strike length. • 280’ of vertical extent • Average width of just over 3’. • Potential expansion to the NE, SW and at depth. CSE: WGC OTC: WGMCF 13
Slide 14: Future
Future Ore production is related to the Tons Ore Production mine development process. The 10000 shrink stope mining method production fluctuates monthly as 9000 9000 we must work off the muck pile 8800 8500 until all the ore is broken within a 8000 8084 8200 stope. 7800 7468 7000 6964 6826 With 4 he
Slide 15: Future
Future • Continue to ramp down on current block. • Expand to the east on total 3,000’ strike length of unmined Custer vein. • Bringing total strike length to 3,400’. Current development CSE: WGC OTC: WGMCF DDH ID 1757 4.5ft of 16.11 g/t Au 15
Slide 16: Management
Management Joseph Carrabba Executive Chairman & Major Shareholder Mr. Carrabba has extensive management and operational experience in the mining industry. Joe retired from the board of Newmont last year after spending a decade as the Chair of the Safety and Sustainability committee. Prior to Newmont
Slide 17: Management
Management David Whiteley Mine Superintendent Dave has been in the Mining Industry for over thirty years. He has spent the last several years working as the Mine Superintendent for Winston Gold Corp., the Butte Highlands and the Drumlummon Gold Mine in Montana. Dave has been involved in the construc
Slide 18: Share Structure
Share 445.4 M 25.7 M 298.7 M Structure Shares Options Warrants Outstanding Priced Priced CSE: WGC OTC: WGMCF 0.05-0.40 0.10-0.20 As of August 2022 If share price >$0.15 Warrants <$0.12 exercised = $22.8M cash 18
Slide 19: Highlights
Highlights Winston Gold holds a high-grade gold mining opportunity and has advanced into the early stages of production. Resource growth will occur both organically, through exploration and via quality acquisitions. Using a low-tonnage mining model, Winston Gold has advanced high-grade assets in sta
Slide 20: Business Opportunity
Business Opportunity Using a low-tonnage mining model, Winston Gold has advanced high-grade assets in stages to a producing mine Winston Gold holds a high-grade gold mining opportunity and has advanced into the early stages of production. Quick Path To Production for a fraction of the cost Resource
Slide 21: Contact
Contact Murray Nye, CEO Email: [email protected] Mobile: 204.792.3211 winstongoldmining.com Winston Gold Corp. CSE: WGC OTC: WGMCF Head Office 201-919 Notre Dame Ave. Winnipeg, MB R3E 0M8 Tel: 204.989.2434
Slide 22: Appendix
Appendix
Slide 23: Property Agreement & Mining Permit
Property Agreement & Mining Permit Acquired option in July of 2014 TERMS OFAGREEMENT: • 4.5 million shares of WGC (issued) • USD $200,000 per year work commitment • USD $7,000 monthly advance royalty payment until 2024. • Lease can be extended to 2034 for USD $40,000 cash plus advance royalties tota
Slide 24: Risk Factors
Risk Factors Despite the favourable jurisdiction, infrastructure, and high-grade resources, market factors such as falling gold prices, and restricted access to capital can significantly affect mine development and viability. Narrow high-grade underground mines can be difficult to operate profitably