Boreal Gold Inc. · CSE:BGLD
Boreal Gold — Investor Presentation (November 2024)
45 slides from Boreal Gold's investor presentation, November 2024
Slide 1: Corporate Presentation November 2024
CORPORATE PRESENTATION NOVEMBER 2024
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements ”within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadi
Slide 3: About Us
ABOUT US Boreal Gold is an exploration company whose primary focus is Copper-Zinc Gold VMS Deposits in the world class base metal Camp of Flin Flon-Snow Lake Manitoba which has produced over 200,000,000 tons of base metal ore. The Melgurd Lake Copper-Zinc-Gold Base Metal Property east central Saskat
Slide 4: Location
LOCATION MELGURD LAKE PROPERTY FAY LAKE PROPERTY SNOW LAKE MINE FLIN FLON MINE FLIN FLON Flin Flon Belt Manitoba, Canada Boreal Gold Corporate Presentation November 2024 04
Slide 5: Location: Melgurd Lake and Fay Lake Properties
LOCATION Melgurd Lake Property Fay Lake Property ▪ Lies in the western portion of the Flin Flon Belt , ▪ Stratigraphically between Hudson Bay VMS Containing Copper deposits such as Bigstone, Copper-Zinc- Gold Deposits and the Puffy Lake McIlvenna, Hanson Lake Mine, and Shotts Lake. Gold Mine. ▪ Thes
Slide 6: Leadership Team
LEADERSHIP TEAM Richard Masson Michael Alexander Laara Shaffer President, CEO & Director Director Director & Corporate Secretary • Corporate Management Specialist with • 20 years experience exploration projects • Founder and past President of regulatory and public company reporting in Manitoba and S
Slide 7: Leadership Team
LEADERSHIP TEAM Doug Engdahl, P.Geo. Matthew Schwab, P.Geo. Dave W. Kendall, FCPA, FCA Stephen Masson, M.Sc. P.Geo. Technical Advisor Geological Advisor CFO Geological Consultant • Former Presidents of Copper Reef • Professional Geoscientist • President & CEO of Kraken Energy • Over 40 years as Char
Slide 8: Proposed Share Structure Capital Financing
PROPOSED SHARE STRUCTURE CAPITAL FINANCING Financing Shares Price ($) Funds Raised Founders 3,000,000 0.01 $30,000 6 people Crowd Funding 1,802,000 0.05 $90,100 163 shareholders, 5% insiders Financing Shares Price ($) Funds Raised NFT Financing 690,000 0.10 $69,000 100% insiders FT 1st Financing 202
Slide 9: Flin Flon Mining District
FLIN FLON MINING DISTRICT INFRASTRUCTURE Comprehensive road, rail, electric and water infrastructure support quick development of new discoveries SUCCESS RATE Continuous mining since the 1930’s with the discovery of 30 Volcanic Massive Sulphide (VMS) deposits leading to the development of 27 mines T
Slide 10: Why Manitoba?
WHY MANITOBA? MINERAL ENDOWMENT Rich history of mining with first exploration in 1882, yet large areas of high mineral potential remain under-explored MARKET ACCESS A central hub to the Mid-Continent Trade Corridor that is connected to North American, Asian and European Markets via road, rail, sea a
Slide 11: Recent Exploration Summary and Update
RECENT EXPLORATION SUMMARY AND UPDATE Two large airborne electromagnetic surveys with complete coverage were carried out by Axiom on both the Fay Lake Property and the Melgurd Lake Property. In the early winter of 2023, the Airborne Electromagnetic Survey results for both properties were receive
Slide 12: Melgurd Lake
MELGURD LAKE Boreal’s Base Metal copper-Zinc-Gold Property Boreal Gold Corporate Presentation November 2024 12
Slide 13: Claim Map for the Melgurd Lake Property
CLAIM MAP FOR THE MELGURD LAKE PROPERTY Boreal Gold Corporate Presentation November 2024 13
Slide 14: Claim Status for the Melgurd Lake Property
CLAIM STATUS FOR THE MELGURD LAKE PROPERTY Claim Number Area (ha) Owner MC000l5891 593.39 Richard Masson MC00015892 393.975 Richard Masson MC00015893 598.663 Richard Masson MC00015894 495.618 Richard Masson MC000l5895 926.893 Richard Masson MC000l5896 463.74 Richard Masson MC000l5897 812.125 Richard
Slide 15: Interest in Melgurd Lake Property
INTEREST IN MELGURD LAKE PROPERTY ▪ The interest in the property stems from the recent work on the Schott’s Lake Copper VMS deposit 5 km to the SW of the Melgurd Claim Group and the Manson Bay gold deposit 7 km to the south of the property, both lying with the same sequence of Amisk Group rocks that
Slide 16: History VMS Copper-Gold Potential
HISTORY VMS COPPER-GOLD POTENTIAL ▪ The area within the boundaries of the Boreal Gold Inc. property has not undergone significant exploration. ▪ The first discovery in the area was the Schott’s Lake Copper-Zinc VMS ore deposit discovered in 1953 by J.A. Syme. ▪ The latest resource estimate (a non-co
Slide 17: Gold Potential
GOLD POTENTIAL ▪ Lying to the south of the Boreal Gold property is the Manson Lake Gold deposit located on Manson Bay, Wildnest Lake. ▪ Mingold 1987 estimated that the zone contained 660,000 tons grading 0.10 oz/to Au (this estimate is a non-NI43101 compliant Historic Resource). ▪ Numerous structure
Slide 18: Regional Geology
REGIONAL GEOLOGY ▪ The Melgurd Property lies within the southern margin of the Kisseynew Lithotectonic Domain near its contact with the Flin Flon Domain. ▪ The zone is an area of structurally overlapping and stratigraphically equivalent lithologies, which, in this area, is continuous between both do
Slide 19: Melgurd Lake Property Geology Map
MELGURD LAKE PROPERTY GEOLOGY MAP Geology of the Wildnest - Melgurd Lake property showing the location of VMS style alteration assemblages, sulphide showing and the location of the Schotts Lake and Manson Bay mineral deposits Boreal Gold Corporate Presentation November 2024 19
Slide 20: Geology of the Melgurd Property with Alteration and Drill Hole Locations
GEOLOGY OF THE MELGURD PROPERTY WITH ALTERATION AND DRILL HOLE LOCATIONS Few drill holes drilled into the VMS hosting Volcanic Rocks on the property) Boreal Gold Corporate Presentation November 2024 20
Slide 21: Alteration
ALTERATION ▪ The Schott’s Lake Copper-Zinc deposit and other VMS type showings in the Wildnest Lake/Kakinagimak Lake area are also characterized by the presence of significant alteration zones of consisting of anthophyllite – garnet +/- cordierite +/- cummingtonite. Within the property boundary are
Slide 22: Regional, Vertical Derivative Magnetic Survey
REGIONAL, VERTICAL DERIVATIVE MAGNETIC SURVEY Boreal Gold Corporate Presentation November 2024 22
Slide 23: Keep Lake Garnet Alteration Zone
KEEP LAKE GARNET ALTERATION ZONE Melgurd Property, Garnets up to 4-5 cm across Boreal Gold Corporate Presentation November 2024 23
Slide 24: Keep Lake Garnet Anthophyllite Horizon
KEEP LAKE GARNET ANTHOPHYLLITE HORIZON Boreal Gold Corporate Presentation November 2024 24
Slide 25: Keep Lake Garnet Anthophyllite Horizon
KEEP LAKE GARNET ANTHOPHYLLITE HORIZON Recrystallized Felsic Cherty Tuff, Next to VMS Garnet Anthophyllite Alteration Boreal Gold Corporate Presentation November 2024 25
Slide 26: Exploring the Gold Potential
EXPLORING THE GOLD POTENTIAL ▪ The Manson Bay gold mineralization occurs near the intersection of a major north-easterly trending fault and a north trending structure. The northeasterly trending structure that in the Manson Bay area extends to the north through the Melgurd Property where (in the are
Slide 27: Deposit Type
DEPOSIT TYPE ▪ The property has the potential for both VMS Cu/Zn deposits similar to those encountered in the Flin Flon – Snow Lake – Hanson Lake areas as well as epigenetic type gold mineralization similar to that identified in the Manson Bay area. ▪ Epigenetic gold deposits in metamorphic terrains
Slide 28: Gold in Metamorphic Terrains
GOLD IN METAMORPHIC TERRAINS ▪ The majority of gold deposits in metamorphic terrains are located adjacent to first-order, deep crustal fault zones, which show complex structural histories. ▪ Fluid migration along such zones was driven by episodes of major pressure fluctuations during seismic events.
Slide 29: 2022 TDEM Airborne Survey on Melgurd Property
2022 TDEM AIRBORNE SURVEY ON MELGURD PROPERTY Boreal Gold Corporate Presentation November 2024 29
Slide 30: Priority Map Showing Proposed Areas of Focused Exploration
PRIORITY MAP SHOWING PROPOSED AREAS OF FOCUSED EXPLORATION ON THE MELGURD PROPERTY Boreal Gold Corporate Presentation November 2024 30
Slide 31: Fay Lake Property
FAY LAKE PROPERTY Boreal Gold Corporate Presentation November 2024 31
Slide 32: Fay Lake Property, Manitoba
FAY LAKE PROPERTY, MANITOBA Boreal Gold Corporate Presentation November 2024 32
Slide 33: Claim Status for the Fay Lake Property
CLAIM STATUS FOR THE FAY LAKE PROPERTY Claim Name Claim Number Area (ha) Owner Mine MB13728 117 4058667 Manitoba Ltd. Bruce MB12992 177 4058667 Manitoba Ltd. Fay MB12812 194 4058667 Manitoba Ltd. Meeka MB12995 38 4058667 Manitoba Ltd. Rita MB12994 69 4058667 Manitoba Ltd. Red MB12991 248 4058667 Man
Slide 34: Fay Lake Property Geology Map
FAY LAKE PROPERTY GEOLOGY MAP Boreal Gold Corporate Presentation November 2024 34
Slide 35: Fay Lake Property: Redwin Gold Bearing Copper Massive Sulphide Horizon
FAY LAKE PROPERTY Redwin Gold Bearing Copper Massive Sulphide Horizon HISTORICAL BULK SAMPLE Boreal Gold Corporate Presentation November 2024 35
Slide 36: Early Results
EARLY RESULTS ▪ A 2.6 m long section of near solid sulphides from the shaft area reportedly assayed 2.5% Cu, 0.1 g/t Au, 30 g/t silver and a “small amount” of zinc. ▪ A 1.1 m section of quartz vein contained 22 g/t Au and included a 45 cm section (presumably the quartz vein) with 53 g/t Au. Samples
Slide 37: Bulk Sample 1931-32
BULK SAMPLE 1931-32 • In 1932-33 three shipments totaling 229 tonnes of massive sulphides containing some chalcopyrite along with quartz vein material within or near the sulphides were sent from the Redwin Deposit of to Hudbay Mining and Smelting. • The Material assayed too low in copper (<1%) but a
Slide 38: Ground Electromagnetic Survey Maps of Copper-Gold VMS Horizon
Ground Electromagnetic Survey Maps of Copper-Gold VMS Horizon Boreal Gold Corporate Presentation November 2024 38
Slide 39: Historical Drilling Results
▪ Gold values of 26 to 34 g/t over vein widths of 3.0 to 6.1 m were reported from a drill program in 1938 (Fay Lake Mining Syndicate, Corporation File). ▪ Drilling on the Redwin Property by Pascar Oils Ltd in 1968 intersected solid to near solid sulphides 6 holes (1 to 6) which assayed up to 6.2 g/t
Slide 40: Fay Lake-Puffy Lake Horizon
FAY LAKE-PUFFY LAKE HORIZON Boreal Gold Corporate Presentation November 2024 40
Slide 41: Fay Lake Showing
FAY LAKE SHOWING ▪ Significant prospect that differs from the quartz veined massive sulphide Redwin Deposit and is more similar to the quartz veined arsenopyrite shear zones of the Puffy Lake Mine, 7 km to the NE. ▪ A sample collected in 2021 from a quartz veined shear in arsenopyritepyrite bearing
Slide 42: Boreal Gold Corporate Presentation November 2024
Boreal Gold Corporate Presentation November 2024 42
Slide 43: Mineralization
MINERALIZATION McGlynn (1959) describes the mineralization: “Quartz occurs in schist zones as veins, lenses, and pods. In one trench, two veins are separated by about 10 feet of altered and sheared gneiss. In a second trench about 75 feet along the strike from the first, only one vein is present. Th
Slide 44: 2022 TDEM Airborne Survey on Fay Lake Property
2022 TDEM AIRBORNE SURVEY ON FAY LAKE PROPERTY WITH CONDUCTOR PICKS OVER VERTICAL DERIVATIVE Boreal Gold Corporate Presentation November 2024 44
Slide 45: For More Information
FOR MORE INFORMATION Main Phone Investor Relations 204-687-3500 204-687-3500 Exploration Office Corporate Office 12 Mitchel Road, P.O Box 306 230 22nd Street East, Flin Flon, Manitoba, R8A 1N1 Saskatoon Saskatchewan S7K 0E9 Email Address Website borealgoldinc@gmail.com www.borealgold.ca Intended Exc