Thunder Gold Corp. · TSXV:TGOL
Thunder Gold — Investor Presentation (March 2023)
31 slides from Thunder Gold's investor presentation, March 2023
Slide 1: The Right Project, The Right Time, The Right Team
The Right Project The Right Time The Right Team
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements included in this presentation are forward-looking statements which are made pursuant to the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s
Slide 3: Why Thunder Gold
WHY THUNDER GOLD Tier One discovery potential: Minimal Technical, +10.0M oz Au resource; +500,000 oz Au annual production; 01 02 Environmental, and Social risks + 10-year mine life Premium location, world-class, year- Geophysical surveys highlight round access and infrastructure 03 04 untested, high
Slide 4: Share Capital, Management and Board
SHARE CAPITAL, MANAGEMENT AND BOARD 01 Shares Issued and Outstanding 166,700,818 Management and Board of Directors 02 Stock Options ($0.05 - $0.15 strike price) 14,150,000 Wes Hanson P.Geo., President, CEO and Director 0 3 Warrants ($0.06 - $0.18 strike price) 12,274,205 40 years of experience focus
Slide 5: Tier One Target Opportunity
TIER ONE TARGET OPPORTUNITY Tier One Deposits Distribution by Model Type Major Gold Deposit Models Type/Category Tier One Count Average Au oz. (#) (million) Orogenic Category 20 21.3 Greenstone 14 20.4 BIF 6 23.3 Reduced Intrusion Related 12 36.2 Intrusion hosted (mesozonal) 4 18.8 Sediment hosted 8
Slide 6: We Think It's a Doughnut
WE THINK IT’S A DOUGHNUT Tower Mountain Intrusion Complex (TMIC) Opportunity Exploration to Date Central Opportunity Intrusion Opportunity S im p lifie d from O n ta rio G e olog ic a l S u rve y (“O G S E a rth ”) d a ta . Thunder Gold Corp. TMX.V:TGOL Q1-2023 Corporate Presentation 06
Slide 7: Location Access and Infrastructure
LOCATION ACCESS AND INFRASTRUCTURE TOWER MOUNTAIN PROPERTY Located in the province of Ontario, a premium mining jurisdiction; 900 kms NW of Toronto, multiple direct flights from Toronto and Winnipeg daily; 50 kms west of Thunder Bay (pop. 115,000); Adjacent to the Trans-Canada Highway and Canadian N
Slide 8: Large Tonnage Low Grade Metrics
LARGE TONNAGE LOW GRADE METRICS Cut-off Grades - Operating Gold Mines Average Cut-Off Grades 0.60 Th e Ta b le to th e le ft p re s e n ts p u b lis h e d c u t-off g ra d e s a t 0.50 va riou s la rg e -ton n a g e , low -g ra d e op e n p it g old m in e s . Th e a ve ra g e re s e rve c u t-off g
Slide 9: Large Tonnage, Low Grade Comparables
LARGE TONNAGE,LOW GRADE COMPARABLES LTLG Mines (O); Development Projects (D) and Exploration Projects (E) - Canada 2022 Large Tonnage – Low Grade (“LTLG”) 16.0 1.40 Detour Lake Mine (Operating) +700,000 oz Au per year Resource / Reserve Au Ounces (million) 14.0 1.20 • Reserve = 597.0 Mt averaging 0.
Slide 10: Tower Mountain Data Analysis
TOWER MOUNTAIN DATA ANALYSIS Tower Mountain ALL Samples Cut-Off Grades – Tower Mountain 4 120% A t a 0 .20 g /t c u t-off g ra d e th e Tow e r M ou n ta in d a ta se t 3.588 3.5 3.410 a ve ra g e s 0 .78 9 g /t Au from 29 % of th e p op u la tion , 3.215 Average Grade above CO (Au g/t) 2.993 100% s
Slide 11: Canada's Top Ten Gold Mines
CANADA’S TOP TEN GOLD MINES All In Sustaining Cost per Au oz relative to Reserve Grade $2,000 18 All In Sustaining Cost (AISC) per ounnce $1,800 $1,600 16 “Good grade makes good miners!” 14 $1,400 12 $1,200 “Grade is king!” 10 Au g/t $1,000 8 $800 6 Are these long-held beliefs regarding gold $600 $4
Slide 12: Excellent Exploration Vectors
EXCELLENT EXPLORATION VECTORS AIRBORNE MAG INDUCED POLARITY (“IP”) Magnetic data isolates the TMIC interpreted to be source of Au IP data isolates higher sulphide content, a proxy for Au Thunder Gold Corp. TMX.V:TGOL Q1-2023 Corporate Presentation 12
Slide 13: What We Know
WHAT WE KNOW The TMIC is a multi-phase alkalic intrusion At least two phases of the TMIC are gold bearing; Gold mineralization “surrounds” the TMIC outward for up to 500 metres; Drilling to date is limited to 1,500 metres along the western edge of TMIC; Gold occurs in both volcanics AND alkalic intr
Slide 14: Drilling Targeted Without Geophysics
DRILLING TARGETED WITHOUT GEOPHYSICS Historic Drilling – Tower Mountain Historical drilling was completed without the benefit of 3D-IP GAP Target data; At the Bench, only 5 holes test the 600 x 250 x 450 metre, +40 mV/V IP anomaly (highlighted by the thick red line at left); The five holes on sectio
Slide 15: Bench Section 5377500N
BENCH SECTION 5377500N Hole ID Cutoff Grade From To Interval Average Grade (Au (g/t) (metres) (metres) (metres) (Au (g/t) 83818 0.3 198.30 246.00 47.70 0.58 0.5 229.00 246.00 17.00 0.81 TM21-106 0.3 171.50 230.00 58.50 1.01 0.5 186.50 200.00 13.50 1.65 0.5 213.50 230.00 16.50 1.65 0.420 TM21-120 0.3
Slide 16: GAP Target - Stacked Sections S-N
GAP TARGET - STACKED SECTIONS S-N 5377400 N 5377500 N 5377600 N 5377700 N 5377800 N 5377900 N Thunder Gold Corp. TMX.V:TGOL Q1-2023 Corporate Presentation 16
Slide 17: Gold Statistics - Chargeable Response
GOLD STATISTICS - CHARGEABLE RESPONSE Composite analysis across various chargeable envelopes indicates that within the 40 mV/V chargeable response: Average gold grade is ~2x higher at a cut-off of 0.0 g/t Au Frequency of occurrence is ~3x higher at a cut-off of 0.30 g/t Au This supports the decision
Slide 18: Metallurgy - Gold Recovery
METALLURGY- GOLD RECOVERY Metallurgical Results – Tower Mountain • Representative half-core samples. • Standard bottle roll tests – 40% by weight in solution @ 1.0g NaCN/L solution; 72-hour test • Head grades ranged from 0.325 g/t to 3.599 g/t Au and averaged 1.124 g/t Au. • Recoveries ranged from a
Slide 19: H2-2022 Work Summary
H2-2022 WORK SUMMARY • P re lim in a ry m e ta llu rg ic a l te s tin g c om p le te d : +9 0 % re c ove ry in d ic a te d ; B on d W ork In d e x ~ 20 W (k W h /ton n e ); A B A ta ilin g s in d ic a te d n e t n e u tra lizin g p ote n tia l; • R e vie w of g e op h ys ic a l d a ta c om p le te d
Slide 20: Six-Month Plan
SIX-MONTH PLAN EDA = Exploration Data Analysis IP Survey Complete Drill Program Petrography Complete Complete Jan Mar May H2-23 Petrography Interpretation Results Results EDA Target EDA EDA EDA EDA Selection Feb Apr June Drill Program Phase 1 results Start received begin (3,500 metres) Phase 2 plann
Slide 21: LTLG Comparables
LTLG COMPARABLES Market Capitalization : Measured, Indicated & Inferred Resources Resource-Reserve estimates sourced from the latest published Technical Reports available for each project as of February 10, 2023; except for DGC and RR All Market Capitalization based on TMX Money close as at February
Slide 22: Long Term Resource Objectives
LONG TERM RESOURCE OBJECTIVES Conceptual 5 Year Plan - Annual Resource & Reserve Targets 2023 1.5 2024 3.0 Conceptual Valuation 2025 6.0 Metrics (as per slide Slide XX – LTLG Comps) 2026 6.0 6.0 Proven & Probable Reserves $80/ Au oz 2027 2.0 2.0 8.0 Measured & Indicated Resources $40/ Au oz 5 YR TOT
Slide 23: Financing and Use of Proceeds
FINANCING AND USE OF PROCEEDS 10.0 2023 $2.5 20.0 2024 $5.0 30.0 2025 $9.0 40.0 2026 $14.0 50.0 2027 $20.0 150.0 TOTAL $50.5 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 Use of Proceeds - Drilling (metres x1,000) Est. Financing Requirements (C$ x1,000,000)
Slide 24: Why Thunder Gold
WHY THUNDER GOLD Tier One discovery potential: Minimal Technical, +10.0M oz Au resource; +500,000 oz Au annual production; 01 02 Environmental, and Social risks + 10-year mine life Premium location, world-class, year- Geophysical surveys highlight round access and infrastructure 03 04 untested, high
Slide 25: Thunder Gold Corp. contact
Thunder Gold Corp. 684 Squier Street, Thunder Bay, Ontario P7B 4A8 T: +1 647-202-7686 Wes Hanson P.Geo. President & CEO T: +1-647-202-7686 E: whanson@thundergoldcorp.com David Speck CFO T: +1-647-968-8369 E: dspeck@thundergoldcorp.com
Slide 26: Appendices
APPENDICES
Slide 27: Market Capitalization (C$ Million)
DRILLED METRES : TOTAL RESOURCE ALL data sourced from the latest published Technical Reports available for each project as of February 10, 2023; except for DGC and RR 1. All data sourced from the Detour Lake Feasibility Study, dated June 2010. 2. All data sourced from the Rainy River Feasibility Stu
Slide 28: Significant Results
SIGNIFICANT RESULTS Highlighted Holes (in blue) Hole ID From To Interval Au g/t TM-04-09 21.0 273.0 252.0 0.67 incl 169.50 250.50 81.00 1.89 TM-04-03 7.5 268.5 261.0 0.57 incl 31.50 123.00 91.50 1.20 TM-04-06 12.0 351.0 339.0 0.31 incl 115.5 159.0 43.5 1.55 TM-21-94 7.0 268.0 261.0 0.46 incl 10.0 86
Slide 29: Properties Under Option
PROPERTIES UNDER OPTION Vanguard – Iris Lake (Au) ON Optioned to Goldshore Resources July 2022 25% retained interest Far Lake (Cu/Ag) ON Optioned to Benton Resources July 2022 30% retained interest Startrek (Au/Ag) NF Optioned to Leocore Gold Oct. 2020 30% retained interest DorWit (Cu/Ag) Namibia Op
Slide 30: Pen Property - Ontario
PEN PROPERTY - ONTARIO • 100% interest (4,638 ha). • 275 km from Thunder Bay. • Year-round road access. • 4.0 km north of Greenstone Project (+5.0 M oz Au resource) currently being developed as a large tonnage, low-grade open pit mine. • 2022 soil, lake sediment and rock samples identified anomalous
Slide 31: Pen 2022 Exploration Results
PEN 2022 EXPLORATION RESULTS • Soil geochem (2022) identified >25 ppb Au for over 450 metres along the western shoreline of Lake Kegomasis. • Rock geochem samples identified >3.0 g/t Au at the P-07, Zoey 1 and Zoey 2 targets. Higher grades associated with elevated arsenopyrite – pyrrhotite content p