Heritage Mining Ltd. · CSE:HML
Heritage Mining — Investor Presentation (June 2023)
29 slides from Heritage Mining's investor presentation, June 2023
Slide 1: Investor Presentation Q2 '23
CSE:HML FRA:Y66 Investor Presentation Q2 ‘23
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Final Prospectus A final prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in British Columbia, Ontario and Alberta. A copy of the final prospectus, and any amendment, is requir
Slide 3: Company Overview
COMPANY OVERVIEW Significant Exploration Upside (Three Potential High-Grade Au-Ag Deposits, at Surface) Investment Undervalued Relative to Comparable, Ontario Focused Exploration Companies Opportunity Assets in a Mature Greenstone Belt; Goliath Gold Complex & Rainy River district Northwester
Slide 4: Company Snapshot
COMPANY SNAPSHOT Management Directors and Retail (56%) Consultants (15%) Ten Point Fund (14%) Couloir Capital (3%) Institutions (17%) Stillwater Critical Minerals (TSX.V: PGE) (12%) Summary Coverage Couloir Capital Current Share Price* C$0.08 Market Capitalization* ~C$3M Ave. Volume (20 Days)* ~170,
Slide 5: BOD, Management & Technical Team
BOD, MANAGEMENT & TECHNICAL TEAM Peter Schloo, CPA, CA, CFA Patrick Sullivan CEO, President & Director Corporate Secretary Director of Pacific Empire Minerals Corp. EVP Toronto, Mining, M&A and securities lawyer at a national law firm Couloir Capital, Previously Interim CFO and VP Corp Dev. with a d
Slide 6: Strategic Geology Advisors
STRATEGIC GEOLOGY ADVISORS Rick Horne Economic Geologist – 40 Years experience. Expertise in lode gold systems, geological mapping and structural geology. 22 years with NS Energy and Mines with a focus on Bedrock Mapping. Industry experience includes senior role as Chief geologist with Acadian Minin
Slide 7: Regional Geologic Setting
REGIONAL GEOLOGIC SETTING Mature Greenstone Belt Drayton – Black Lake Project Along Strike of 4 Deposits Contact Bay Project H E R I T A G E M I N I N G 7
Slide 8: Drayton – Black Lake – Area
Drayton – Black Lake – Area Located in a Mature Gold Mining District with Excellent Infrastructure Drayton – Black Lake Project 1 Black Lake 2 3 *Ind: 0.07 Moz Au 4 Drayton *Ind: 0.94 Moz Au *Inf: 0.70 Moz Au Four Mineralized Structural Areas: *M&I: 1.12 Moz Au *Inf: 0.07 Moz Au 1. 1 Moretti Area 2.
Slide 9: Drayton – Black Lake – Project Overview
Drayton – Black Lake – Project Overview Long History of Exploration and Discovery ADVANCED STAGE PROJECT ~15,257Ha; Adjoins Treasury Metals’ Goliath Gold Complex Rainy River-Dryden-Sioux Lookout Gold District Property Significant exploration history, over 176 holes drilled Historic holes hit
Slide 10: Drayton – Black Lake – Exploration History
Drayton – Black Lake – Exploration History Rio Tinto, Wright-Hargreaves, Teck, Placer Dome, Cameco Year Operators Summary • Alcona Gold Mines Ltd • Abbot Red Lake Mines Ltd • Recovery, Mapping 1930-1950 • Alkenore Buffalo Gold Mines Ltd • Auralee Gold Mines • Drilling, Geophysical • McCombe Mining &
Slide 11: Drayton – Black Lake – Project Area
Drayton – Black Lake – Project Area 2022 Program Confirms Multiple High-Grade Au-Ag Mineral Systems Presence of a large, structurally controlled, high grade Au-Ag vein systems Multiple, widespread Au-Ag mineralized deformation corridors identified over three areas consisting of discrete zones of def
Slide 12: Drayton – Black Lake – Project Area
Drayton – Black Lake – Project Area 2022 Program Confirms Potential High-Grade Au-Ag Mineral Systems Heritage Claims ~ 15,257Ha
Slide 13: Alcona Area: Two Potential Deposits
ALCONA AREA: TWO POTENTIAL DEPOSITS 2022 Program Confirms Potential High-Grade Au-Ag Vein System at Surface Historic Drilling from the heavily mineralized section of No 1 Vein: No 3 vein sample #610845 0.488 m @ 40.43 g/t Au assayed: 207.75 g/t Au, 860.59 g/t 0.73 m @ 62.83 g/t Au Ag, 0.92% Cu, 5.68
Slide 14: Alcona Main: Potential Deposit (1)
ALCONA MAIN: POTENTIAL DEPOSIT (1) 2022 Confirmed Potential High-Grade Au-Ag Vein System at Surface Alcona-Pond CH-22-21 (11.5 m) - 4.94 g/t Au over 4.0 m; incl. 15.75 g/t Au and 45.1g/t Ag over 1.0 m Alcona Deformation Zone CH-22-22 (16.0 m) - 2.17 g/t Au over 3.5 m; incl. 6.6 g/t Au and 49.5 g/t A
Slide 15: Alcona Bulk Mineable Potential
ALCONA BULK MINEABLE POTENTIAL Company Historic Data Analysis - Only Quartz Veins Assayed 0.46m @ 2.68 g/t Au 0.5m @ 1.43 g/t Au 1.52m @ 0.62 g/t Au 0.5m @ 2.80 g/t Au 1.52m @ 1.24 g/t Au 0.5m @ 0.41 g/t Au 0.31m @ 0.62 g/t Au 1.52m @ 0.47 g/t Au 0.5m @ 17.1 g/t Au 0.91m @ 1.43 g/t Au 1.83m @ 0.74 g
Slide 16: New Millennium: Potential Deposit (2)
NEW MILLENNIUM: POTENTIAL DEPOSIT (2) 2022 Confirmed Multiple Potential High-Grade Au-Ag Vein System at Surface T9 CH-22-18 (1.5 m) - 0.81 g/t Au over 1.5 m; incl. 1.19 g/t Au and 9.06 g/t Ag over 0.5 m T9 Area T9 area shows visible gold and CH-22-17 (3.0 m) - 4.69 g/t Au and assayed 2,330g/t gold 2
Slide 17: New Millennium: Potential Deposit (2)
NEW MILLENNIUM: POTENTIAL DEPOSIT (2) 2023 New Discovery: 5m wide quartz vein Chalcopyrite, Pyrite and Galena noted in some Grab Samples 19
Slide 18: Moretti Area: Potential Deposit (3)
MORETTI AREA: POTENTIAL DEPOSIT (3) 2022 Confirmed Potential High-Grade Au-Ag Vein System at Surface Grab samples up to 1,212 g/t Au, with the best channel sample returning 155 g/t Au over 60 cm DDH 1999 0.24m @ 190.7 g/t Au (Visible Au) Under Historic Bulk Sample Rocks up to 152 g/t Au, 34.2 g/t Ag
Slide 19: Moretti Area
MORETTI AREA Grab samples up to 1,212 g/t Au, with the best historic channel sample returning 155 g/t Au over 60 cm H E R I T A G E M I N I N G 22
Slide 20: Moretti Area: Potential Deposit (3)
MORETTI AREA: POTENTIAL DEPOSIT (3) 2022 Confirmed Potential High-Grade Au-Ag Vein System at Surface North Vein Prospect CH-22-40 (10.0 m) – 7.12 g/t Au over 10 m; incl. 51.5 g/t Au and 1.38 g/t Ag over 1.0 m Moretti Area DDH 1999: 0.24m @ 190.7 g/t Au (Visible Au) Under Historic Bulk Sample Bulk Sa
Slide 21: Moretti Zone
MORETTI ZONE Previous Shallow Drilling Confirms Presence of High-Grade Gold Key Highlights • Greenstone style mineralization • Multiple vein sets, quartz-carbonate veins / stockworks • Shear zone is est. 10-30m wide • Anomalous Gold + Copper over a 6km strike length • Polymetallic veins ± chalcopyri
Slide 22: Treasury Metals – Stockwork
Treasury Metals – Stockwork Stockworks (left) are similar in style to Goliath- Moretti Quartz Stockwork Veining 27
Slide 23: Shaft & Forster Zones
SHAFT & FORSTER ZONES DDH88‐3 Assayed: 21.34m @ 0.62 g/t Au and 0.47% Cu. 2022 Sample Assays Pending 6m wide multiple quartz-carb vein, Historic samples up to 136.8g/t Au Trenching results: up Drilling program intersected significant quartz vein to 15.77g/t Au over associated Au mineralization in 7
Slide 24: Drayton – Black Lake Option Agreements
Drayton – Black Lake Option Agreements Option Agreements – Stillwater Critical Minerals & Paul Riives Option % Project Spend Option % Terms Payments (C$) Shares** Stillwater Critical (C$) Paul Riives Minerals Drayton – Black Lake (Binding LOI Deposit) $20,000 Definitive Agreement Signed $20,000 IPO/
Slide 25: Contact
CONTACT Peter Schloo, CPA, CA, CFA President, CEO & Director peter@heritagemining.ca 905.505.0918 H E R I T A G E M I N I N G 30
Slide 26: Comparable – Financial Summary
Comparable – Financial Summary Appendix B
Slide 27: Resource Estimates – Adjacent Properties
Resource Estimates – Adjacent Properties Appendix B Treasury Metals, Golden Goliath Complex, 14 April 2022 Press Release Measured and Indicated Classification @ Cut-off Tonnes Au Grade Contained Deposit Grade (g/t Au) (kt) (g/t Au) Au (koz) Goliath Measured @ OP 0. 25 g/t Au 6,223 1.20 239.5 Goliath
Slide 28: Till Sampling – Exploration Tool
TILL SAMPLING – EXPLORATION TOOL Rainy River Discovery Driven Largely by Till Sampling Limited till sampling identified significant anomalies, +600 gold grains in tills 33 H E R I T A G E M I N I N G 33
Slide 29: Contact Bay - Area
Contact Bay - Area High-Grade Gold and Copper-Nickel-Platinum-Palladium Prospects KG Exploration (Kinross) H E R I T A G E M I N I N G 34