Slide 1: Gold-VMS Exploration & Advancement
Technical Review – December 1st , 2021 Gold-VMS Exploration & Advancement *** THISTLE RESOURCES CORP. ANNOUNCES *** DDH Program – Middle River Gold - VMS
Slide 2: Forward Looking Statement
Forward Looking Statement The opinions, estimates, and/or projections contained herein are those of Thistle Resources Corp. as of the date thereof and are subject to change without notice. Thistle Resources makes every effort to ensure the contents contained herein have been compiled or derived from
Slide 3: Summary of Projects
Summary of Projects • Thistle Resources Corp. (Thistle) is a Private Canadian junior Exploration Company focused on Base and Precious Metal Exploration in the Bathurst Mining Camp, New Brunswick, and the Cape Breton Highlands Region, Nova Scotia, Canada. Thistle Resources Corp. has 4 Major Projects;
Slide 4: Projects
PROJECTS Alba Forks Gold Project * runswi i ty * swick Horizon Middle River Gold Project Thistle Resources Corp. },.
Slide 5: Bathurst Mining Camp
Bathurst Mining Camp • Fraser Institute Annual Survey of Mining Companies Ranked (BMC) #2 Best Jurisdiction in Canada & #4 in the world. • (BMC) has over 95 VMS Occurrences & 46 Deposits, & averages 1.5 new discoveries per year, since 1960. • Of these, 25 deposits > 1MT, with an Ave 12.74 MT with gr
Slide 6: Thistle Resources MRG Gold-VMS Neighbours
THISTLE RESOURCES MRG GOLD-VMS Neighbours 6
Slide 7: Middle River Gold Project – Gold/SIP Zones
Middle River Gold Project – Gold/SIP Zones • Structurally controlled As/Au mineralization hosted within altered sediments / volcanics of the Canoe Landing Lake Formation. • Defined by many wide, high grade intercepts (up to 1.70 g/t over 38.3m. & 3.47 g/t over 17.6m, 2.41 g/t over 18.2m) (See procee
Slide 8: Middle River Gold Drill Results – 15 Holes
Middle River Gold Drill Results – 15 Holes Drill Hole # Target Best Intersection MR-03-001 MRG 2.35 g/t Au over 9.95m * MR-03-002 MRG 3.80 g/t Au over 10.0m * MR-03-003 MRG 3.47 g/t Au over 17.60m * MR-05-004 (1) MRG 2.59 g/t Au over 5.35m MR-05-004 (2) MRG 0.84 g/t Au over 2.25m MR-05-006 MRG 6.28
Slide 9: Middle River Gold Field Visit
Middle River Gold Field Visit 9
Slide 10: Middle River VMS Project – Brunswick Extension Horizon
Middle River VMS Project – Brunswick Extension Horizon • Regional geophysics confirms good potential that the same horizon which hosts the Brunswick # 12 and Brunswick # 6 deposits extends through the eastern portion of the property. • Anomalous base metals in soil samples within target area further
Slide 11: EarthEX Geophysical Data Solutions Project
EARTHEX GEOPHYSICAL DATA SOLUTIONS PROJECT Middle River Gold & Brunswick Extension VMS Entire Data Reprocessing – 3D Modeling - AI Analysis & Interpretation December 20, 2020 11
Slide 12: EarthEX Geophysical Solutions Analysis & AI Interpretation (Dec 2020)
EarthEX Geophysical Solutions Analysis & AI Interpretation (Dec 2020) 12
Slide 13: EarthEX 3D Analysis & AI Interpretation of Priority Targets
EarthEX 3D Analysis & AI Interpretation of Priority Targets • Licences consolidated to facilitate government reporting and renewals. • Digitization of historic diamond drilling, geochemistry and geophysical data. • Geochemical data identified 9 base and precious metal targets throughout the project
Slide 14: MRG Priority Targets 05–09 – Structural Trends
MRG Priority Targets 05 – 09 - “Structural Trends” – Faults – Folds – “S” Trend Extension • At Middle River Gold, EarthEX Targets (05), (06), (07) , (08) & (9) follow a sinusoidal pattern outlined by a series of weak to moderate magnetic anomalies, consistent with existing MRG Deposit Characteristic
Slide 15: MRG Gold Deposit – High Priority Inverse Polarization Targets
MRG Gold Deposit – High Priority Inverse Polarization Targets • The EarthEX High Priority Inverse Polarization Targets Analysis shows a direct response over the current MRG Deposit (05) and a greater pronounced response over Target (07) & (08), characteristic of hydrothermal alteration typically see
Slide 16: Bathurst Extension VMS – EarthEX Geophysical Priority Targets
Bathurst Extension VMS – EarthEX GeoPhysical Priority Targets • On the Eastern Flank of the Property, the BMC “Brunswick Extension” is defined by a series of strong conductive responses coincident with a 3-km distinct magnetic trend, reflective of massive sulphide mineralization. • The Trend is over
Slide 17: Next Steps: Middle River Gold – Bathurst Extension VMS
NEXT STEPS: (Middle River Gold – Bathurst Extension VMS) • EarthEX has identified & confirmed the relationship between the known gold mineralization and the magnetics at the Middle River Gold Deposit. • Significant extension to the deposit is along strike and at depth. Multiple target zones should l
Slide 18: Thistle Resources Corp. – 2021 Work Program
Thistle Resources Corp. – 2021 Work Program • Rock Properties to be determined by EarthEX to optimize geophysical survey parameters. • UAV Magnetics over Middle River Gold to define geology and subsurface magnetic trend. • Ground I.P over the gold deposit to highlight the concentration of sulphides
Slide 19: Celtic Highlands Gold Project – Cape Breton
Celtic Highlands Gold Project – Cape Breton • Prospective region with over 40 gold occurrences recorded from sampled boulders and exposed bedrock. • All occur throughout an area of ~75km2, adjacent to and within Thistle’s claims. • The Geoscience & Mines Branch of the Nova Scotia Government is activ
Slide 20: Celtic Highlands Gold Project – Cape Breton (Assay Results)
Celtic Highlands Gold Project – Cape Breton (Assay Results) • Samples collected by Thistle Geologists in areas of historic trenching • Rusty quartz vein material collected from Zone 17 trenches with minor Pyrite. • Zone 18 veining showed evidence of multi-stage mineralizing events, with abundant Pyr
Slide 21: Celtic Highlands Gold Project – Cape Breton (Assay Results)
Celtic Highlands Gold Project – Cape Breton (Assay Results) • Additional samples collected during 2019, 2020 & 2021. • Along with high gold, silver and tungsten, elevated Molybdenum, Platinum, Palladium and Beryllium (2020) also occur. • The multi-element results indicate the presence of a Gold syst
Slide 22: Celtic Highlands Gold Project – Assay Results
Celtic Highlands Gold Project – Assay Results Gold (Au) Silver (Ag) Tungsten (W) Beryllium (Be) • Assay results continue to confirm the Sample presence of a gold / silver precious metal (g/t) (g/t) (ppm) (ppm) system with gold values up to 5.337 g/t Au and 52.0 g/t Ag, sample 20CG0023, Trench area 1
Slide 23: BV Labs Assay Samples
BV Labs Assay Samples Sample 20CG0023 – Vuggy, oxidized quartz vein with boxwork pyrite. Sample 20CG0003. Oxidized quartz vein with abundant pyrite 5.337 g/t Au, 52 g/t Ag, 95 ppm W. 1.625 g/t Au, 34.6 g/t Ag, 30 ppm Tungsten 23
Slide 24: EarthEX Analysis – RMI and First Derivative RMI Define Gold Bearing Structures
EarthEX Analysis – RMI and First Derivative RMI Define Gold Bearing Structures Au Gold Bearing Au Structures Au Au Residual Magnetic Intensity (RMI). Major Gold bearing structural First Derivative (RMI). Further processing of the features near parallel to similar structures successfully drilled by R
Slide 25: Celtic Highlands Gold Project – Next Steps
Celtic Highlands Gold Project – Cape Breton – Next Steps Compilation of historical geology, geophysical and geochemical data to define high priority target areas within the property – Completed. Initial prospecting and extensive UAV Magnetic Survey to identify zones of pervasive silicification (
Slide 26: Alba Forks Gold - Occurrences
Alba Forks Gold - Occurrences 26
Slide 27: Alba Forks Gold Project, New Brunswick (Upcoming Work Program)
Alba Forks Gold Project, New Brunswick (Upcoming Work Program) • Compilation of historical geology, geophysical and geochemical data to define high priority target areas within the property – (Currently Underway) • Initial prospecting and deep soil/basal till sampling to identify prospective targets
Slide 28: Management Team – Patrick J. Cruickshank, President & CEO
Management Team Patrick J. Cruickshank, MBA, President & CEO Mr. Cruickshank is the Founding – President & CEO of Thistle Resources Corp. Mr. Cruickshank, received his MBA at Canada’s Highly Prestigious York University – Schulich School of Business. Patrick brings a wealth of experience from the Pri
Slide 29: Management Team & Technical Advisory Chair – Gary Lohman
Management Team & Technical Advisory Chair Gary Lohman, B.Sc., P.Geo COO & SVP Director of Exploration Mr. Lohman is a Founder and Chief Operating Officer of Thistle Resources Corp. As an exploration geologist, he has 40 years of experience in both precious and base metal exploration within the Amer
Slide 30: Exploration Team and Technical Advisory Committee
Exploration Team and Technical Advisory Committee DANIEL CARD, P.GEO, RPGEO EARTHEX GEOPHYSICAL SOLUTIONS INC. EarthEX Geophysical Solutions Inc was founded in 2014 in Selkirk, Manitoba, Canada by its Chief Geophysicist, Daniel Card. Mr. Card, P.Geo, RP.Geo, a professional Geophysicist, holds a BSc.
Slide 31: Exploration Team and Technical Advisory Committee – Matthew R. Pitts
Exploration Team and Technical Advisory Committee Matthew R. Pitts, P. Geo. SVP of Exploration Matthew is a senior exploration geologist with over 7 years’ experience spanning multiple continents and deposit types. Most recently, Matthew was the Senior Project Geologist for Trevali Mining Corporatio
Slide 32: Exploration Team and Technical Advisory Committee – Michael O. Jaynes
Exploration Team and Technical Advisory Committee Michael O. Jaynes, B.Sc., P. Eng., , Environmental Eng & Technical Advisor Mr. Jaynes received his B. Sc. in Chemical and Petroleum-Refining Engineering from the highly acclaimed Colorado School of Mines in 1991. Mr. Jaynes is a licensed Professional
Slide 33: Team Structure
Team Structure Patrick J Cruickshank, MBA Gary Lohman, B.Sc., P. Geo. President & CEO, Director Director of Exploration & COO, Director Chairman of the Board Technical Advisory Committee York Univ. – Schulich School of Business (MBA) University of Toronto Daniel Card, B.Sc., P.Geo, RP.Geo Matthew R
Slide 34: For Enquiries Please Contact
FOR ENQUIRIES PLEASE CONTACT PATRICK J. CRUICKSHANK, MBA PRESIDENT & CEO patrick@thistleresources.com 506-804-6117 GARY LOHMAN, P. GEO DIRECTOR OF EXPLORATION, COO gary@thistleresources.com 905-299-8552 34