Maple Gold Mines Ltd · TSXV:MGM
Maple Gold Mines — Investor Presentation (September 2020)
24 slides from Maple Gold Mines's investor presentation, Sep 14, 2020
Slide 1: Corporate Presentation - September 2020
Corporate Presentation - September 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; Douay 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 DOUAY - ESTABLISHED GOLD RESOURCE ✓ 0.422Moz (8.6Mt
Slide 4: Quebec: top mining jurisdiction and gold producing province
▪ 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
Canadian Malartic (Agnico/Yamana): ABITIBI GREENSTONE • 12Moz @ 0.96 g/t Au GOLD BELT • Largest operating gold mine in Canada • 2019 Production: 669,192 oz Casa Berardi (Hecla Mining): • 6.2Moz @ 5.3 g/t Au UG & 2.3 g/t Au in pit • Historical production of 1.9Moz gold and production restarted in 200
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 • Former Executive VP, Exploration with Ivanplats Ltd. Maurice • VP, Mining Operations for Wheaton Precious David (now Ivanhoe Mines) for 8 years Tagami Metals since July, 2012 Broughton • Winner of PDAC’s Thayer Lindsley
Slide 8: Douay Project location and claims
▪ 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: Casa-Berardi Deformation Zone and Douay project area
▪ Covers 55 km segment of Casa- Berardi Deformation Zone (CBDZ), which includes several deformation corridors. Douay Project ▪ Every style of gold deposit known in the Abitibi Greenstone Belt is (past producer) represented along the CBDZ: intrusive-related, orogenic or gold- (past producer) rich VMS
Slide 10: Douay project history and drill history
▪ Staked by Inco in 1976; later explored by SOQUEM, Aurizon and Vior -- multiple gold zones discovered. ▪ 1996-2000: Aurizon optioned the property and constructed mining infrastructure to mine higher- grade zone. Before mining started, they had to relinquish the option due to capital constraints and
Slide 11: RPA 2019 Mineral Resource Estimate
▪ Roscoe Postle Associates Inc. (RPA) used drill results up to October 2019 to compile NI43-101 resource estimate (published December 9, 2019) using conservative methodology that excluded resources at depth (see slide 24). ▪ Mineral resources occur over nine mineralized zones – Douay West, Nika, NW,
Slide 12: 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 13: Douay West, Western Porphyry and NW zones
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: Winter 2020 drill results
▪ Winter 2020 drill results further confirmed the zone contains longest and most continuous intrusive-hosted intercepts at the zone outside of current indicated resource block (in yellow). ▪ Significant potential to add near-surface, higher-grade ounces and increase/upgrade resources. Indicated reso
Slide 15: Single hole DO-20-272 near-surface intercept
▪ A single site (DO-20-272) was drilled in winter 2020 which intercepted 3.4 m of 3.6 g/t Au and 20 m of 1.15 g/t Au. It was a 100m step-out drillhole to the west of a historical near-surface intercept. ▪ Excellent potential for additional near surface gold mineralization in this area. DO-20-272 3.6
Slide 16: Main and 531 zones drill gaps
▪ Zone is geologically similar to higher-grade Douay West zone and two drill gaps below represent a significant opportunity to add higher-than-deposit-average grade ounces. ▪ East-southeast continuity of sulfide system confirmed by 2020 IP results. Main Zone 531 Zone DO-19-262: 28m @ 2.6 g/t Au & 51
Slide 17: Upcoming drilling and resource update timeline
Q4 2020 H1 2021 H2 2021 3,000 m of drilling focused on +10,000 m of step-out and infill Release updated Resource testing new discovery targets with drilling at Douay West, Western Estimate and and initiate first potential for higher-grade Porphyry and NW zones as well as phases of economic analysis
Slide 18: Regional exploration targets and IP anomalies
▪ 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-long anomalous chargeability corridors were defined -- north and south IP targets -- with the northernmost
Slide 19: Share structure and capitalization
Shares Outstanding 267,128,127 Share Ownership Mix Warrants1 31,034,150 Options2 21,255,000 5% Fully Diluted 319,417,277 10% Management/Insiders Market Capitalization & Closely Related $41.4 Million (as of Sept. 14, 2020) 12% Quebec Fund & Average 30-day Trading Volume 570,490 Institutional Cash Pos
Slide 20: Peer comparison: EV per resource ounce
Quebec Gold Mines – 2020 Resources & Reserves Douay is Quebec’s 5th largest gold resource and 3rd largest undeveloped resource Source: Quebec Gold Mines: 2019 Actual And 2020 Forecast Production And Prospects – August 21, 2020 Brent Hecht Apricot Creek Research PEER COMPARISON: Junior Gold Explorers
Slide 21: Investor Relations
Investor Relations: Shirley Anthony - Director, Corporate Communications E-mail: santhony@maplegoldmines.com Phone: 778-999-2771 21
Slide 22: Price paid per ounce in Abitibi transactions
PP/OZ Price paid per ounce of reserves *DETOUR: Abitibi Greenstone Belt and resources ($/OZ) $4.9B (2020) PP/OZ: $231 MGM: MC/OZ ~$10 CAD 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:
Slide 23: 2017 Metlabs metallurgical study
▪ 2017 Metlabs study used 10 composites from different areas of the Douay Resource with gold content between 0.8 and 4.0 g/t Au, as well as between 0.3 and 2.5 g/t Ag, were evaluated with direct cyanidation, flotation and gravity. ▪ Results were as follows: ▪ Abundant carbonate gangue is a favorable
Slide 24: Underground resource distribution and potential at depth
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
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