Heritage Mining Ltd. · CSE:HML
Heritage Mining — Investor Presentation (October 2023)
29 slides from Heritage Mining's investor presentation, October 2023
Slide 1: Investor Presentation Q4 '23
CSE:HML FRA:Y66 Investor Presentation Q4 ‘23
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Forward Looking Information and Statements This presentation contains “forward-looking information” for purposes of applicable Canadian securities laws. Forward-looking information includes statements that use forward-looking terminology such as “may”, “could”, “would”, “will”, “sho
Slide 3: Company Overview
COMPANY OVERVIEW Strong Precious and Base Metal Projects in NW Ontario, Canada Significant Exploration Upside (Active 2023 Drilling and Prospecting on All Projects) Investment Undervalued Relative to Comparable, Ontario Focused Exploration Companies Opportunity Assets in a Mature Greenstone Be
Slide 4: Company Snapshot
COMPANY SNAPSHOT Management Directors and Summary Consultants Retail (60%) (15%) Coverage Couloir Capital (Buy: C$0.40) Current Share Price* C$0.05 Ten Point Fund (6%) Market Capitalization* ~C$2.3M Couloir Capital (3%) Other (9%) Ave. Volume (20 Days)* ~250,000 Shares per Day Basic* ~47M Warrants a
Slide 5: BOD, Management & Technical Team
BOD, MANAGEMENT & TECHNICAL TEAM Peter Schloo, CPA, CA, CFA Patrick Sullivan CEO, President & Director Corporate Secretary Director of Pacific Empire Minerals Corp. EVP Toronto, Mining, M&A and securities lawyer at a national law firm Couloir Capital, Previously Interim CFO and VP Corp Dev. with a d
Slide 6: Strategic Geology Advisors
STRATEGIC GEOLOGY ADVISORS Stephen Hughes, P.Geo A seasoned mining executive with over 30 years’ experience, having acted in technical, management & executive positions and directorships with several publicly listed and private mineral resource companies. Significant experience in mergers and acquis
Slide 7: Regional Geologic Setting
REGIONAL GEOLOGIC SETTING Mature Greenstone Belt Drayton – Black Lake Project Contact Bay Project H E R I T A G E M I N I N G 7
Slide 8: Overview
Overview Strong Base and Precious Metal Projects in NW Ontario, Canada DRAYTON BLACK-LAKE – FLAGSHIP CONTACT BAY (Au, Au-Ag, Cu) (Au, Cu, Ni, PGE) ADVANCED STAGE PROJECT ~4,640Ha; Adjoins Kinross Gold Rainy River-Dryden Gold District Au - Past Development (~22.2 oz Au 1900’s production) Cu,
Slide 9: Drayton – Black Lake – Area
Drayton – Black Lake – Area Located in a Mature Gold Mining District with Excellent Infrastructure Drayton – Black Lake Project 3 Black Lake 2 1 *Ind: 0.07 Moz Au Drayton *Ind: 0.94 Moz Au *Inf: 0.70 Moz Au Three Deposit Potential Areas: *M&I: 1.12 Moz Au *Inf: 0.07 Moz Au • 1 Alcona • 2 New Millenn
Slide 10: Drayton – Black Lake – Project Area
Drayton – Black Lake – Project Area 2022/2023 Confirms Multiple High-Grade Au-Ag Mineral Systems Presence of a large, structurally controlled, high grade Au-Ag vein systems Multiple, widespread Au-Ag mineralized deformation corridors identified over three areas consisting of discrete zones of deform
Slide 11: Drayton – Black Lake – Project Area
Drayton – Black Lake – Project Area 2022/2023 Confirms Potential High-Grade Au-Ag Mineral Systems Heritage Claims ~ 15,257Ha
Slide 12: Alcona Area: Potential Deposit (1)
ALCONA AREA: POTENTIAL DEPOSIT (1) 2023/2022 Exploration Program – Alcona Area – Highlights DRAYTON BLACK-LAKE – FLAGSHIP Alcona Area: Au-Ag ADVANCED STAGE PROJECT Historic Grab Sample Alcona from Optionor Similar mineralization styles to Treasury Metals’ Goldlund Deposit (+1Moz Au Resource and Re
Slide 13: Alcona Main: Potential Deposit (1)
ALCONA MAIN: POTENTIAL DEPOSIT (1) 2023 Drill Program – Alcona Area – Broad Au-Ag intervals CH-22-21 CH-22-22 CH-22-23 2022 Channel Sample HML23-006 CH-22-21: 1.81 g/t Au over 11.5 m CH-22-22: 1.41g/t Au over 7.5m HML23-007 CH-22-23: 0.57 g/t Au over 11.80m HML23-017 CH-22-01: 2.72 g/t Au over 5.10
Slide 14: Alcona Area: Potential Deposit (1)
ALCONA AREA: POTENTIAL DEPOSIT (1) 2023/2022 Exploration Program – Alcona Area – Highlights Alcona Area mineralization suggests a strong positive relationship between Au-Ag-Te along with positive correlations between Au and several other potential pathfinder elements similar to mineralization styles
Slide 15: Alcona Bulk Mineable Potential
ALCONA BULK MINEABLE POTENTIAL Company Historic Data Analysis - Only Quartz Veins Assayed 2023 Geological model pending 0.46m @ 2.68 g/t Au 0.5m @ 1.43 g/t Au update 1.52m @ 0.62 g/t Au 0.5m @ 2.80 g/t Au 1.52m @ 1.24 g/t Au 0.5m @ 0.41 g/t Au 0.31m @ 0.62 g/t Au 1.52m @ 0.47 g/t Au 0.5m @ 17.1 g/t
Slide 16: New Millennium: Potential Deposit (2)
NEW MILLENNIUM: POTENTIAL DEPOSIT (2) 2022 Confirmed Multiple Potential High-Grade Au-Ag Vein System at Surface T9 CH-22-18 (1.5 m) - 0.81 g/t Au over 1.5 m; incl. 1.19 g/t Au and 9.06 g/t Ag over 0.5 m T9 Area T9 area shows visible gold and CH-22-17 (3.0 m) - 4.69 g/t Au and assayed 2,330g/t gold 2
Slide 17: Moretti Area: Potential Deposit (3)
MORETTI AREA: POTENTIAL DEPOSIT (3) 2022 Confirmed Potential High-Grade Au-Ag Vein System at Surface Grab samples up to 1,212 g/t Au, with the best channel sample returning 155 g/t Au over 60 cm DDH 1999 0.24m @ 190.7 g/t Au (Visible Au) Under Historic Bulk Sample Rocks up to 152 g/t Au, 34.2 g/t Ag
Slide 18: Moretti Area
MORETTI AREA Grab samples up to 1,212 g/t Au, with the best historic channel sample returning 155 g/t Au over 60 cm H E R I T A G E M I N I N G 18
Slide 19: Moretti Area: Potential Deposit (3)
MORETTI AREA: POTENTIAL DEPOSIT (3) 2022 Confirmed Potential High-Grade Au-Ag Vein System at Surface North Vein Prospect CH-22-40 (10.0 m) – 7.12 g/t Au over 10 m; incl. 51.5 g/t Au and 1.38 g/t Ag over 1.0 m Moretti Area DDH 1999: 0.24m @ 190.7 g/t Au (Visible Au) Under Historic Bulk Sample Bulk Sa
Slide 20: Moretti Zone
MORETTI ZONE Previous Shallow Drilling Confirms Presence of High-Grade Gold Key Highlights • Greenstone style mineralization • Multiple vein sets, quartz-carbonate veins / stockworks • Shear zone is est. 10-30m wide • Anomalous Gold + Copper over a 6km strike length • Polymetallic veins ± chalcopyri
Slide 21: Treasury Metals – Stockwork
Treasury Metals – Stockwork Stockworks (left) are similar in style to Goliath- Moretti Quartz Stockwork Veining 21
Slide 22: Shaft & Forster Zones
SHAFT & FORSTER ZONES DDH88‐3 Assayed: 21.34m @ 0.62 g/t Au and 0.47% Cu. 6m wide multiple quartz-carb vein, Historic samples up to 136.8g/t Au Trenching results: up Drilling program intersected significant quartz vein to 15.77g/t Au over associated Au mineralization in 7 holes over a strike 1m, 11.
Slide 23: Drayton – Black Lake Option Agreements
Drayton – Black Lake Option Agreements Option Agreements – Stillwater Critical Minerals & Riives Option % Project Spend Option % Terms Payments (C$) Shares** Stillwater Critical (C$) Paul Riives Minerals Drayton – Black Lake (Binding LOI Deposit) $20,000 Definitive Agreement Signed $20,000 IPO/Go Pu
Slide 24: Contact Bay - Area
Contact Bay - Area High-Grade Gold and Copper-Nickel-Platinum-Palladium Prospects KG Exploration (Kinross) H E R I T A G E M I N I N G 24
Slide 25: Contact Bay – 2023 Program Highlights
Contact Bay – 2023 Program Highlights High-Grade Au, Cu, Ni and PGE Prospects Multiple Grabs samples from 0.29 g/t Au to 3.86 g/t across 2km long shear zone 2. Anderson Area New Acquisition 1. Rognon Mine Area 0.8 g/t Au New Mineralization Area Grabs up to 0.2% Cu 3. Nabish Lake Area 1.9% Cu, 0.10 N
Slide 26: Contact
CONTACT Peter Schloo, CPA, CA, CFA President, CEO & Director peter@heritagemining.ca 905.505.0918 Investor Relations Investor Cubed Inc. Neil Simon, CEO nsimon@investor3.ca (647) 258-3310 H E R I T A G E M I N I N G 26
Slide 27: Resource Estimates – Adjacent Properties
Resource Estimates – Adjacent Properties Appendix B Treasury Metals, Golden Goliath Complex, 14 April 2022 Press Release Measured and Indicated Classification @ Cut-off Tonnes Au Grade Contained Deposit Grade (g/t Au) (kt) (g/t Au) Au (koz) Goliath Measured @ OP 0. 25 g/t Au 6,223 1.20 239.5 Goliath
Slide 28: Till Sampling – Exploration Tool
TILL SAMPLING – EXPLORATION TOOL Rainy River Discovery Driven Largely by Till Sampling Limited till sampling identified significant anomalies, +600 gold grains in tills 28 H E R I T A G E M I N I N G 28
Slide 29: Drayton – Black Lake – Appendix History
Drayton – Black Lake – Appendix History Rio Tinto, Wright-Hargreaves, Teck, Placer Dome, Cameco Year Operators Summary • Alcona Gold Mines Ltd • Abbot Red Lake Mines Ltd • Recovery, Mapping 1930-1950 • Alkenore Buffalo Gold Mines Ltd • Auralee Gold Mines • Drilling, Geophysical • McCombe Mining & Ex
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