Maple Gold Mines Ltd · TSXV:MGM
Maple Gold Mines — Investor Presentation (October 2020)
26 slides from Maple Gold Mines's investor presentation, October 2020
Slide 1: Corporate Presentation - October 2020
Corporate Presentation - October 2020
Slide 2: Cautionary Notes Regarding Forward-Looking Statements
Cautionary Notes Regarding Forward-Looking Statements This Corporate Presentation (“Presentation”) includes “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation, Sect
Slide 3: Exceptional Jurisdiction & Location, Established Gold Resource
EXCEPTIONAL JURISDICTION & LOCATION ✓ Quebec: 2nd largest gold producer in Canada in 2019* ✓ Located in the heart of the prolific Abitibi Greenstone Belt (M&A hotspot) ✓ Major highway/power to the project and skilled labour, rail and airports nearby ESTABLISHED GOLD RESOURCE ✓ 0.422Moz (8.6Mt gradin
Slide 4: Quebec: Top Mining Jurisdiction
▪ 2nd largest Canadian gold producing province: 35% of total production in 2019 (9 mines @ 1.5Moz).* ▪ Top Mining Jurisdiction: Consistently ranked top 10 global mining jurisdiction.** ▪ Low-Cost Exploration: Significant technical service infrastructure with large number of drill companies with comp
Slide 5: Abitibi Greenstone Gold Belt M&A Hotspot
Detour Lake (Kirkland Lake): ABITIBI GREENSTONE • 15.8Moz @ 0.97g/t Au GOLD BELT • Largest Canadian gold mine in Q1/2020* • 2019 Production: 601,566 oz Canadian Malartic (Agnico/Yamana): • 12Moz @ 0.96 g/t Au • 2nd largest Canadian gold mine in Q1/2020* • 2019 Production: 669,192 oz Casa Berardi (He
Slide 6: Track Record of Discovery, Exploration, Financing & Marketing Success
Track Record of Discovery, Exploration, Financing & Marketing Success ▪ 10+ years Executive VP for Ivanhoe Mines and Managing Director for Ivanhoe Capital Corp. Matthew Hornor President & CEO, ▪ Structured partnerships and negotiated project/equity financings valued at over $450 Million Director ▪ F
Slide 7: Renowned Mining Executives, Expert Geologists & Corporate Finance Strategists
Renowned Mining Executives, Expert Geologists & Corporate Finance Strategists • VP, Mining Operations for Wheaton Precious Metals since • Former Executive Vice Chairman of Ivanhoe Mines Maurice Tagami July, 2012 Director & • Former Vice Chairman and Co-Head of BMO’s Global • Metallurgical Engineer w
Slide 8: Douay Project location and land package
▪ Located 200 km north of Val d’Or, 130 km north of Amos and 55 km SW of Matagami, with skilled labour and local airport. ▪ Accessible via Provincial Highway 109 (2-lane highway) adjacent to high-voltage electric power lines. ▪ Property consists of 669 claims covering ~355 km2. Douay Project ▪ MGM h
Slide 9: Douay Project Covers 55 km Segment of Casa-Berardi Deformation Zone
▪ Covers 55 km segment of Casa- Berardi Deformation Zone (CBDZ), which includes several deformation corridors. Douay ▪ Every style of gold deposit known in Project the Abitibi Greenstone Belt is represented along the CBDZ: (past producer) intrusive-related, orogenic and gold- rich VMS. (past produce
Slide 10: Project history at Douay
▪ Staked by Inco in 1976; later explored by SOQUEM, Aurizon and Vior -- multiple gold zones discovered. ▪ Aurizon optioned the property from 1996-2000 and built mining infrastructure targeting a higher-grade zone. Relinquished option due to capital constraints and low gold price (~$300/Oz). Higher g
Slide 11: RPA 2019 NI 43-101 Mineral Resource Estimate
▪ Roscoe Postle Associates Inc. (RPA) used drill results up to October 2019 to compile NI43-101 resource estimate using conservative methodology that excluded resources at depth (published on December 9, 2019). ▪ Mineral resources occur over nine mineralized zones – Douay West, Nika, NW, Porphyry, Z
Slide 12: Resource step-out drill campaign results
▪ Since December 2019 Resource Estimate, a 4,370- Porphyry Zone Cross Section metre resource step-out drill campaign was completed in which 11 out of a total 14 holes intersected higher-than-deposit average grade gold mineralization. ▪ Highlights included: Porphyry Zone – Hole DO-20-281: 75m of 1.23
Slide 13: Douay West, Western Porphyry and NW zones key subset of ounces
Douay West, Western Porphyry and NW zones Significant drill gaps of 100s of metres remain expected to form key subset of total contained throughout the 6x2 km resource area. Red ellipses ounces in initial focus for economic analysis & in map below indicate areas where further drill conceptual mine p
Slide 14: Target evaluation and IP chargeability targets
▪ Target evaluation is ongoing at the property scale in every field program using better models and modern exploration techniques (e.g. AI, 3D modelling and modern IP). ▪ In 2019-2020, two ~3km anomalous chargeability corridors were defined -- Northeast (NE) & South IP targets – the NE IP anomaly is
Slide 15: NE IP target drill-ready
▪ Historical hole 1146-94-01 on southwest edge of NE IP target’s chargeability anomaly cut geologically comparable alteration and sulfide mineralization as at the high-grade Vezza mine, with presence of anomalous Au (20-120 ppb) throughout the hole to its end at 153 m. ▪ ~3km northeast-trending corr
Slide 16: Exploration timeline and milestones, fully funded
Q4 2020 H1 2021 H2 2021 Winter 2021: +10,000 m of Release updated Resource Fall 2020: 3,000 m of step-out and infill drilling at Estimate and initiate first drilling focused on testing Douay West, Western new discovery targets with phases of economic Porphyry and NW zones as potential for higher-gra
Slide 17: Winter Drilling Objectives
WINTER DRILLING OBJECTIVES ADVANCED EXPLORATION TO EXPAND RESOURCE ▪ Expand and de-risk current mineral resource by: o drilling for additional near-surface & higher grade ounces; o upgrading resource category from inferred to indicated; and o optimizing project to convert select blocks of excluded m
Slide 18: Share structure and capitalization
Shares Outstanding 267,128,127 Share Ownership Mix Warrants1 31,034,150 Options2 22,780,000 5% Fully Diluted 320,942,277 10% Management/Insiders Market Capitalization & Closely Related $46.7 Million (as of Sept. 18, 2020) 12% Quebec Fund & Average 30-day Trading Volume 570,490 Institutional Cash Pos
Slide 19: Peer comparison: Enterprise Value per Resource Ounce
Quebec Gold Mines – 2020 Resources & Reserves Douay is Quebec’s 5th largest gold resource and 3rd largest undeveloped resource Source: Quebec Gold Mines: 2019 Actual And 2020 Forecast Production And Prospects – August 21, 2020 Brent Hecht Apricot Creek Research PEER COMPARISON: Junior Gold Explorers
Slide 20: Investor Relations
Investor Relations: Shirley Anthony - Director, Corporate Communications E-mail: santhony@maplegoldmines.com Phone: 778-999-2771
Slide 21: Price Paid per Ounce in Abitibi transactions
PP/OZ Price paid per ounce of *DETOUR: reserves and resources Abitibi Greenstone Belt $4.9B (2020) PP/OZ: $231 LAKESHORE GOLD: OSISKO: $945M (2016) $3.91B** (2014) PP/OZ: $62 PP/OZ: $208 INTEGRA: PROBE: AURIZON: $590M (2017) $526M (2015) $796M*** (2013) PP/OZ: $100 PP/OZ: $95 PP/OZ: $225 *Located ap
Slide 22: Historical drilling at Douay
Cumulative Drill Company Year Drill Holes Total Metres Holes Inco, SOQUEM and Aurizon 1976 to 1999 468 122,906 468 Vior 2004 to 2010 107 32,785 575 Aurvista/MGM 2011 to 2020 256 97,184 831 TOTAL 1976 to 2020 831 252,875 831 ▪ Substantial drill core library well-archived at site covering all historic
Slide 23: Mineral Resources at Douay Deposit per Zone
Mineral Resources at Douay Deposit per Zone as of October 23, 2019 Slide 23
Slide 24: Underground resource potential longitudinal section
NW SE DW Zone Nika/NW Zones Porphyry Zone 531 Zone 500m NW-SE longitudinal vertical section view (all zones) showing distribution of below-pit-shell underground blocks above 1 g/t Au cut-off. ▪ Only blocks within reporting shapes (green polygons) formed part of inferred underground mineral resource
Slide 25: 2017 Metlabs metallurgical study
▪ 2017 Metlabs Study: 10 composites (311kg) from different areas of the Douay Resource with average gold content of 1.89 g/t Au were evaluated with direct cyanidation, flotation and gravity recovery methods. ▪ Results were as follows: • Using gravity and flotation, gold recovery to the concentrates
Slide 26: Modern IP technology and new anomalies
▪ Modern IP technology can New detect causative sources to N Target? 500m depth (vs. previous technology which could detect to 200m). Main Zone ▪ 2020 IP work continues to generate promising new anomalies and confirmed Porphyry anomalous chargeability Zone associated with 531 zone DO-20-262X mineral
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