South Atlantic Gold, Inc. · TSXV:SAO
South Atlantic Gold — Investor Presentation (April 2021)
22 slides from South Atlantic Gold's investor presentation, April 2021
Slide 1: Exploring high-grade gold and copper in Brazil and Canada
Exploring high-grade gold and copper in Brazil and Canada APRIL 2021
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation includes “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding South Atlantic Gold
Slide 3: Exploring for High-Grade Gold & Copper in Brazil & Canada
EXPLORING FOR HIGH- GRADE Big Kidd Project (BC, Canada) GOLD & ▪ Powerline and major highway crosses the property COPPER IN ▪ BK Target: 550 m x 500 m gold-rich breccia pipe BRAZIL & ▪ Historic drill results include 116 m of 0.79 g/t Au and 0.12% Cu and CANADA 75 m of 0.75 g/t Au and 0.25% Cu ▪ Wide
Slide 4: Capital Markets Profile
CAPITAL MARKETS PROFILE Share Price and Volume Capital Structure (Last 12 Months) Ticker TSX-V: SAO $0.18 5.0 Share Price (February 23, 2021) C$0.08 4.5 $0.16 52-Week Trading Range C$0.02 – C$0.18 4.0 $0.14 Basic Shares Outstanding 59.1M 3.5 Volume (millions) Share Price (C$) $0.12 Options 5.0M1 3.0
Slide 5: Experienced Management & Board
EXPERIENCED MANAGEMENT & BOARD Douglas Meirelles │ President, CEO and Director Bruce Higson-Smith │ Chairman ▪ Over 15 years of experience in the management of publicly traded mining companies ▪ Mining engineer with nearly 40 years of experience in Brazil and Canada ▪ Extensive capital markets exper
Slide 6: 1-Year Transformation into a High-Growth Brazilian Gold Explorer
1-YEAR TRANSFORMATION INTO A HIGH-GROWTH BRAZILIAN GOLD EXPLORER Completed Milestones ✓ Change of Management ✓ Pedra Branca: earn-in agreement (Jaguar Mining) Q2 2021 ✓ Pedra Branca: mobilized & started drilling ✓ Become South Atlantic Gold Feb 2021 ✓ Pedra Branca: excellent initial results Pedra Br
Slide 7: Pedra Branca Project
PEDRA BRANCA PROJECT CEARÁ STATE, BRAZIL High-grade, near- surface gold potential ▪ Large property (38,926 ha) over a 40 km long shear zone ▪ Near key infrastructure (roads, power, mine supply centres) ▪ Substantial exploration work to date, including ~9K m of drilling ▪ 3 well-defined and 5 prospec
Slide 8: Large Property Near Key Infrastructure
LARGE PROPERTY NEAR KEY INFRASTRUCTURE ▪ Located in the pro-business state of Ceará ▪ 24 exploration licenses covering 38,926 ha ‒ 3 licenses under mining concessions status ▪ Accessible via paved road and 280 km by highway BR-020 to state capital of Fortaleza ‒ Fortaleza (population of 2.6 million)
Slide 9: Substantial Historical Work
SUBSTANTIAL HISTORICAL WORK ▪ Substantial previous work completed by Jaguar, Xstrata and Falconbridge included: ‒ Over 10,000 geochemical samples ‒ 2.8 km of trenching ‒ 90 holes and 8,913 m of diamond drilling ▪ In 2014, Jaguar prepared a resource estimate ‒ Not in accordance with NI 43-101 and sho
Slide 10: Many Targets Along +25 km Trend
MANY TARGETS ALONG +25 KM TREND ▪ 3 well-defined and 5 prospective target areas identified to date Bombeiros ▪ Potential mesothermal shear zone gold deposit. Gold found in: 1) Quartz veinlets parallel to the Coelhos-Queimadas target 2) Metre-wide quartz vein at the Mirador and Igrejinha targets Igre
Slide 11: Phase 1 Exploration Program Completed
PHASE 1 EXPLORATION PROGRAM COMPLETED 200+ Holes 12,200+ Historical 20,000+ Meters Drill Meters Trenched Validation southatlanticgold.com 11 TSX-V:SAO
Slide 12: Igrejinha Target (New Discovery)
IGREJINHA TARGET (NEW DISCOVERY) ▪ First major discovery at Pedra Branca by the Company ▪ Trenching has defined two main mineralized trends over 188 m strike length, dipping 45° to the east and open in all directions ‒ First intersected 29 m at 0.73 g/t Au, including 4 m at 3.22 g/t Au ‒ Second inte
Slide 13: Coelhos-Queimadas Target
COELHOS-QUEIMADAS TARGET ▪ Past drilling and trenching defined two parallel zones, each ~500 m in length and ~6 m wide along a northeastern trend ▪ Gold mineralization extends from surface to depth of at least 80 m and remains open both at depth and laterally ▪ Gold mineralization appears folded, st
Slide 14: Highlighted Historical Drill Results
HIGHLIGHTED HISTORICAL DRILL RESULTS Target Hole From (m) To (m) Width (m) Grade (g/t Au) Target Hole From (m) To (m) Width (m) Grade (g/t Au) Coelho (Central) FCC001 33.45 58.00 24.55 1.27 Queimadas FCQ009 65.00 70.90 5.90 1.10 FCC002 45.35 59.10 13.75 6.61 FCQ010 89.30 96.35 7.05 1.97 FCC003 38.95
Slide 15: Highlighted RC/Trench Assay Results
HIGHLIGHTED RC/TRENCH ASSAY RESULTS Target Hole From (m) To (m) Width (m) Grade (g/t Au) Target Hole From (m) To (m) Width (m) Grade (g/t Au) Igrejinha PBRC007 3 4 1 2.37 Bombeiro PBRC055 8 9 1 1.95 PBRC051 14 15 1 7.42 PBRC059 22 23 1 1.00 PBRC003B 10 11 1 3.87 Mir-Coelho PBRC065 3 4 1 1.05 PBRC052
Slide 16: Map of Phase 1 Exploration
MAP OF PHASE 1 EXPLORATION ✓ Over 600 intercepts: ✓ 122 RC drill holes; 5,022 m ✓ 90 DD holes; 8,914 m ✓ 12,286 m of trenching ✓ New mineralization discovered at Igrejinha and Bombeiros Targets southatlanticgold.com 16 TSX-V:SAO
Slide 17: Phase 1 Exploration Program
PHASE 1 EXPLORATION PROGRAM ▪ Main milestones of the Phase 1 Exploration Program at Pedra Branca ✓ Established Brazil operations & mobilized team (completed) ✓ Commence drill program (completed) ✓ Initial trench results (completed) ✓ Initial RC drill results (completed) ✓ Historical diamond drilling
Slide 18: Big Kidd Project
▪ Located in southern BC near major copper mines BIG KIDD ▪ Powerline and major highway crosses the property PROJECT ▪ BK deposit: 550 m x 500 m gold-rich breccia pipe ▪ Historic drill results include 116 m of 0.79 g/t Au and High-grade Cu-Au in 0.12% Cu and 75 m of 0.75 g/t Au and 0.25% Cu a Tier 1
Slide 19: Tier 1 Location with Access to Key Infrastructure
TIER 1 LOCATION WITH ACCESS TO KEY INFRASTRUCTURE ▪ 4,056 ha land package located in the Nicola Mining Division in southern BC ▪ ~25 km southeast of Merritt, BC (15 mins via highway) and 250 km northeast of Vancouver ▪ Powerline runs adjacent to BK Breccia deposit ▪ Excellent logging road access thr
Slide 20: Key Zones
KEY ZONES BK Breccia Zone Dago Zone Big Sioux Zone ▪ 550 x 500 m (depth unknown) breccia pipe ▪ 4x background Cu-in-soil anomaly coincident ▪ Hosts 1918 shaft that extracted 44 tons of ▪ Only half has been historically drilled with both a 1,000 m x 300 m magnetic and 12.0% Cu, 68 g/t Ag and 0.57 g/t
Slide 21: Why Invest?
WHY INVEST? ATTRACTIVE HIGH-GRADE MAIDEN EXPERIENCED ENTRY POINT GOLD & RESOURCE LEADERSHIP FOR AN EXCITING COPPER IN ESTIMATE IN WITH CLEAR EXPLORATION BRAZIL & Q2 2021 GOAL OPPORTUNITY CANADA southatlanticgold.com 21 TSX-V:SAO
Slide 22: Explore, Grow. Sustainably.
Explore, Grow. Sustainably. NYSE AMERICAN & TSX:VGZ www.vistagold.com SouthAtlanticGold.com Tel: +1 250 762 5777 [email protected] 22
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