Absolutely Critical Resources Corp. · TSXV:ABC
Absolutely Critical Resources — AFR NuVenture Resources — Investor Presentation (June 2022)
52 slides from Absolutely Critical Resources's investor presentation, June 2022
Slide 1: AFR NuVenture Resources Inc.
AFR NUVENTURE RESOURCES INC. Focus on the US and Canada An Emerging New Gold Camp in New Brunswick, Canada and Brownfield in Montana, USA
Slide 2: Disclaimer (1)
DISCLAIMER (1) Forward Looking Statements Some of the statements contained in this presentation are “forward-looking statements” under applicable securities laws. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, perfo
Slide 3: Disclaimer (2)
DISCLAIMER (2) An additional Cautionary Note to Investors – In the event that we use certain terms in this presentation, such as “resource,” “measured resource,” “indicated resource” and “inferred resource,” U.S investors are cautioned that, while such terms are recognized and required by Canadian S
Slide 4: Officers & Directors of AFR NuVenture Resources (1)
OFFICERS & DIRECTORS OF AFR NUVENTURE RESOURCES (1) John F. O’Donnell, President, CEO and Chairman of the Board Mr. O’Donnell is a businessman and lawyer and is primarily involved in the field of corporate finance and securities law. Mr. O’Donnell has an extensive background serving as counsel to, o
Slide 5: Officers & Directors of AFR NuVenture Resources (2)
OFFICERS & DIRECTORS OF AFR NUVENTURE RESOURCES (2) Douglas Hunter, MSc., P.Geo., Director and Qualified Person Mr. Hunter is a Professional Geoscientist. He has been consistently active in mineral exploration since 1974. He is a cofounder of two publicly listed companies, Wallbridge Mining Limited
Slide 6: AFR NuVenture New Brunswick Team
AFR NUVENTURE NEW BRUNSWICK TEAM • Globally experienced mineral explorationists and developers focused on Atlantic Canada and Montana, USA, both mining friendly jurisdictions • New Brunswick gold project is our first Canadian venture • Option and Joint Venture partner Edge Exploration and its key pe
Slide 7: Why New Brunswick?
WHY NEW BRUNSWICK? • One of Canada’s best mining jurisdictions • New discovery potential lead by Galway Metals • Excellent infrastructure near a major centre, Fredericton, the provincial capital city • Option and Joint Venture Partner company Edge Exploration was founded there and its principals are
Slide 8: Canadian Appalachian Belt Gold Deposits
CANADIAN APPALACHIAN BELT GOLD DEPOSITS
Slide 9: Project Infrastructure
Google Earth Date S10, NOAA, U. Frage Landsat / Coppunisa®
Slide 10: General Geology of Southwestern New Brunswick
GENERAL GEOLOGY OF SOUTHWESTERN NEW BRUNSWICK
Slide 11: Key Gold Properties in New Brunswick
KEY GOLD PROPERTIES IN NEW BRUNSWICK ◆ Utopia Combined claim blocks ◆ Mactaquac encompass 10,000 ha (25,000 acres) ◆ Fredericksburg
Slide 12: Former Mine Sites & Key Gold Properties
FORMER MINE SITES & KEY GOLD PROPERTIES
Slide 13: In the Beginning
IN THE BEGINNING • Panning gold in a creek on the MACTAQUAC claim group in 2017 • A new gold discovery for the province
Slide 14: Historic Mineral Deposit: Mount Pleasant
HISTORIC MINERAL DEPOSIT: MOUNT PLEASANT
Slide 15: Historic Mineral Deposits
HISTORIC MINERAL DEPOSITS • This part of the province is an emerging gold mining district in a metallogenic province long known for other metals; namely, antimony, bismuth, molybdenum, tin, tungsten and zinc. • Gold was first discovered in float by a local prospector in 1998 at a place called Claren
Slide 16: Plan of Exploration (1)
PLAN OF EXPLORATION (1) • The identification of highly anomalous gold and silver in till at Utopia has resulted in a high priority exploration target. • To identify the sources of the gold in bedrock a program of core drilling is planned. This will involve a number of angle holes, which will test st
Slide 17: Plan of Exploration (2)
PLAN OF EXPLORATION (2) • The Mactaquac property where a new gold discovery was made in 2017 is a high priority target. • Anomalous gold is known here from historic soil geochemical anomalies and also from recent follow-up prospecting and soil sampling. • Trenching and core drilling for this propert
Slide 18: Geology of Southwestern New Brunswick
GEOLOGY OF SOUTHWESTERN NEW BRUNSWICK
Slide 19: Utopia Project (1)
UTOPIA PROJECT (1) • A new gold discovery was made here in 2019 in an area where there had been no historic gold occurrences or exploratory drilling. • Anomalous gold in till up to 5 g/t occurs along a 1 km sampling strike length.
Slide 20: Utopia Project (2)
UTOPIA PROJECT (2) • Geologically, the setting is the mirror image of that of the Galway Metals Clarence Stream gold deposits • Glacial overburden in places up to 15 meters thick has made prospecting for gold a challenge in the past but has been overcome • An analysis of available airborne geophysic
Slide 21: Utopia Project (3)
UTOPIA PROJECT (3) • Highly anomalous gold in till in several overburden drill holes here points to a close bedrock source of the gold. • To test for gold in bedrock, a program of diamond drilling will be required to locate the source.
Slide 22: Utopia Project (4)
UTOPIA PROJECT (4) Typical soil-glacial till profile in a blueberry field
Slide 23: Utopia Project (5)
UTOPIA PROJECT (5) Utopia area glacial gravel outwash deposit
Slide 24: Utopia Project (6)
UTOPIA PROJECT (6) Glacial basal till deposit assaying up to 5g/t Au
Slide 25: Overburden Drilling Composite Section
OVERBURDEN DRILLING COMPOSITE SECTION
Slide 26: Overburden Drilling Results
OVERBURDEN DRILLING RESULTS Significant results from 34 holes drilled: • DH15 1.0 m 4,48 g/t Au, 46.8 g/t Ag • DH16 1.3 m 1,83 g/t Au 49.0 g/t Ag
Slide 27: Utopia Project Anomalous Gold Trend on Adjoining Properties
UTOPIA PROJECT ANOMALOUS GOLD TREND ON ADJOINING PROPERTIES
Slide 28: Mactaquac Project (1)
MACTAQUAC PROJECT (1) • The project initiated by Edge Exploration began with a new discovery of gold in Little Mactaquac Stream in 2017 • Historically, Clarence Stream was a prospecting discovery lead by anomalous gold in till samples resulting from a regional government sampling program.
Slide 29: Mactaquac Project (2)
MACTAQUAC PROJECT (2) • Anomalous gold in soils was known from this project by the work of a major company in the 1980s. • Exploration at Mactaquac has to date involved a traditional soil sampling program as well as the Mobile Metal Ion (MMI) technique. • To date a small program of trenching to expo
Slide 30: Mactaquac Project (3)
MACTAQUAC PROJECT (3)
Slide 31: Fredericksburg Project
FREDERICKSBURG PROJECT • Historically anomalous gold and antimony from previous soil sampling done on the claim. • Recent work included collecting 108 surface samples for MMI geochemical analysis. • A portion pf the property was covered by an airborne drone magnetic survey. • Fill in sampling over h
Slide 32: Terms of the New Brunswick Agreement
TERMS OF THE NEW BRUNSWICK AGREEMENT Terms of Edge Agreement (New Brunswick) The Company has an Option to earn initially a 50% interest in the Properties by spending $1,800,000 on exploration expenditures on any of the Edge Exploration properties, making cash payments of $264,000, and making share p
Slide 33: The Montana Project
THE MONTANA PROJECT
Slide 34: The Montana Project
THE MONTANA PROJECT The company’s Silver Bell-St. Lawrence Mine Project is located in the southwest corner of the state of Montana. This is a renowned mining area near the historic Virginia City gold mining camp. In this part of the state the enormous Butte Copper open pit mine was a long time, glob
Slide 35: Virginia City Mining District
MONTANA, US - PROPERTY LOCATION VIRGINIA CITY MINING DISTRICT
Slide 36: Montana Geography
MONTANA GEOGRAPHY The project is located in the southwest corner of the state
Slide 37: Overview of the Montana Project (1)
OVERVIEW OF THE MONTANA PROJECT (1) The Project hosts two past producing gold-silver mines, the Silver Bell Mine on the west and the St. Lawrence Mine on the east. Both mines operated in the early 1900s and the St. Lawrence was reactivated and operated in the early 1980s. Historical production recor
Slide 38: Overview of the Montana Project (2)
OVERVIEW OF THE MONTANA PROJECT (2) The shafts for each of the former mines are located 3,600 feet apart and the exploration hypothesis is that the two mines shared mineralized systems that may in part be contiguous. Surface mapping and geophysical surveying by the Company support this initial hypot
Slide 39: 2019 Drilling Highlights (1)
2019 DRILLING HIGHLIGHTS (1) • Nine (9) vein intercepts were encountered ranging from 0.21 meters in core width to 2.8 meters and an average thickness of 1.17 meters. • Average weighted values for the 9 intercepts was 4.94 g/T Au and 65.35 g/T Ag. • The 34.4 g/T Au intercept was encountered 40 meter
Slide 40: 2019 Drilling Highlights (2)
2019 DRILLING HIGHLIGHTS (2) • An untested mineralized fault zone east of the mine was identified through geologic mapping and is coincident with the strongest VLF geophysical response on the property. This is a high priority drill target. • Drilling in 2019 tested only 150 meters of the approximate
Slide 41: Recent Exploration Activity (1)
RECENT EXPLORATION ACTIVITY (1) Early in 2022 ground IP and Magnetic geophysical surveys were completed in on a cut grid of about 1.7 km by 1.0 km covering the footprint of both the St. Lawrence and Silver Bell mines. Detailed IP survey results on 200m spaced lines are found in a report submitted by
Slide 42: Recent Exploration Activity (2)
RECENT EXPLORATION ACTIVITY (2) In order to have a better spatial understanding of the anomalies, all data was integrated and registered in the same co-ordinate system, and 3D data inversion was done to better visualize connectivity of anomalous zones between survey lines. Gold mineralization seems
Slide 43: Recent IP & Magnetic Geophysical Survey Results (1)
RECENT IP & MAGNETIC GEOPHYSICAL SURVEY RESULTS (1)
Slide 44: Recent IP & Magnetic Geophysical Survey Results (2)
RECENT IP & MAGNETIC GEOPHYSICAL SURVEY RESULTS (2)
Slide 45: Recent IP & Magnetic Geophysical Survey Results (3)
RECENT IP & MAGNETIC GEOPHYSICAL SURVEY RESULTS (3)
Slide 46: Recent IP & Magnetic Geophysical Survey Results (4)
RECENT IP & MAGNETIC GEOPHYSICAL SURVEY RESULTS (4)
Slide 47: Terms of the Montana Agreements (1)
TERMS OF THE MONTANA AGREEMENTS (1) There are two relevant agreements: (i) the original option with joint venture agreement between Frederick Private Equity Corporation (“Frederick PEC”) and Peloton Minerals Corporation (“Peloton”); and (ii) the assignment agreement between Frederick PEC and the Com
Slide 48: Terms of the Montana Agreements (2)
TERMS OF THE MONTANA AGREEMENTS (2) After Frederick PEC has earned either a 51% or a 75% interest, Frederick PEC and Peloton will contribute their respective share of further expenditures. If either party’s interest is diluted to ten percent (10.0%), it shall relinquish its interest in return for a
Slide 49: Terms of the Montana Agreements (3)
TERMS OF THE MONTANA AGREEMENTS (3) If Frederick PEC elects to earn the Second Earn-In Option, it shall make the necessary expenditures and payments required to earn the Second Earn-In Option, provided however that the Company will be responsible for paying its proportionate share of such exploratio
Slide 50: Corporate Information
CORPORATE INFORMATION CAPITAL STRUCTURE (as at May 25, 2022) Shares Authorized Unlimited Common Shares Shares Outstanding 18,038,681 Reserved for Issuance for stock options 1,800,000 Fully Diluted Shares 19,838,681 Market Price $0.05 Market Cap $991,934 52 -week high trading price $0.145 KEY SHAREHO
Slide 51: Contact Information
CONTACT INFORMATION info@afrnuventure.com INVESTOR INQUIRIES Chairman, President and CEO Corporate Secretary and CFO John F. O’Donnell Errol Farr john@afrnuventure.com efarr001@me.com 647-966-3100 647-296-1270
Slide 52: Additional Corporate Information
ADDITIONAL CORPORATE INFORMATION Toronto Office Registered Head Office 133 Richmond St. W., Suite 204 1600 - 925 West Georgia Street Toronto, Ontario M5H 2L3 Vancouver, British Columbia V6C 3L2 Registrar and Transfer Agent Auditors Computershare Investor Services Davidson & Company LLP Telephone 604
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