Corvus Gold — Investor Presentation (November 2017)
27 slides from Corvus Gold's investor presentation, November 2017
Slide 1: Corporate Presentation - November 2017
Corporate Presentation - November 2017
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included her
Slide 3: Corvus Gold Experience
Corvus Gold Experience Management Directors Jeffrey Pontius - CEO & President Catherine Gignac - Chair of Board Ex AngloGold NA Expl. Mgr, Five discoveries Ex Northland Capital, corp. financial & technical skills Carl Brechtel - COO Ex AngloGold Mgr. of New Project Development Steven Aaker - Ex Fran
Slide 4: Share Structure
Share Structure ~Shareholder Distribution Management & Employees 6.8% Institutional 28.1% 25.2% Strategic 18.0% Retail 26.5% High Net Worth Long Term Top Shareholders % 99,569,582 shares I&O Tocqueville Asset Management 17.4 106,475,582 shares fully diluted, No Warrants AngloGold Ashanti Limited
Slide 5: Nevada: A Go-To Mining Jurisdiction
Nevada: A Go-To Mining Jurisdiction Called “The Silver State” but accounts for 83% of U.S gold production 5.3M oz gold produced in 2015, 4th largest globally Gold produced: • 1859 - 1994: ~60M oz • 1995 - 2015: ~140M oz Walker Lane Trend includes: Comstock (35M Aueq oz) Round Mountain (20M Au oz
Slide 6: North Bullfrog & Mother Lode Districts
North Bullfrog & Mother Lode Districts Fluorspar Canyon Fault 6 Nov 2017 | Corporate Presentation | TSX: KOR | OTCQX: CORVF *Gold Endowment Source: Nevada Mining Association, Non Corvus Gold Production
Slide 7: Mother Lode Addition to North Bullfrog
Mother Lode Addition to North Bullfrog • Acquired from Goldcorp for 1,000,000 shares • Historic non 43-101 resource* of 433,000 ozs gold (8.5 Mt @ 1.6 g/t) • 172 existing drill holes in database • Numerous +3 g/t structural zones • Historic tests ~50% heap leach recovery, being evaluated for AAO and
Slide 8: Mother Lode - Selected Historic Drill Intercepts
Mother Lode - Selected Historic Drill Intercepts* Location Drill Hole # From (m) To (m) Interval (m) Gold Grade (g/t) ML-85 48.8 134.1 85.3 1.52 ML-86 68.6 117.3 48.8 2.96 High-Grade Main Zone ML-115 86.9 140.2 53.3 2.14 Target D-442 129.8 184.4 54.6 2.91 D-445 80.9 123.4 42.5 3.92 D-447 123.4 159.8
Slide 9: Mother Lode Target Areas
Mother Lode Target Areas • Phase I drill program evaluating area approximately 500m x 300m to a depth of 300m • Further expansion Potential north, west and at depth. • Project has large sediment hosted deposit with N-S structural zone Plan map showing recent drill holes on new >0.5 g/t grade shell p
Slide 10: Mother Lode - New Exploration Results
(Reported intercepts are not true widths as there is currently insufficient Mother Lode - New Exploration Results data to calculate true orientation in space. Mineralized intervals are calculated using a 0.3 g/t and 1 g/t cutoff) Drill Hole # From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) Loca
Slide 11: Mother Lode Exploration Upside
Mother Lode Exploration Upside North-South cross section showing recent select intercepts (0.3 g/t cut) on new grade shell model (>0.5 g/t green & >1 g/t brown) • Historic drilling was vertical, mostly to depths less than 200m, many holes ending in ore with open ended mineralization • Potential for
Slide 12: Mother Lode Exploration Upside
Mother Lode Exploration Upside • Expansion to the northwest of historic pit along main intrusive trend • High-grade core of the Upper Zone follows main dike trend to the west • Potential for deeper repeated deposit in the Paleozoic, lower plate below Lower Zone East-West cross section showing recent
Slide 13: Mother Lode Upper Zone - Tertiary Host Rocks
Mother Lode Upper Zone - Tertiary Host Rocks Tertiary sediments to a depth of about 200m hosting historical resource* of about 400,000 ounces of gold in volcanoclastic tuffs, with potential to more than double in size with northern and western expansion. * Non NI-43-101 compliant, historical resourc
Slide 14: Mother Lode Lower Zone - Paleozoic Host Rocks
Mother Lode Lower Zone - Paleozoic Host Rocks First holes through the FCF into lower plate Paleozoic sediment • Deep oxidation of Pz seds • Broad jasperoid development • Crosscutting quartz veins • Cut by dikes and sills • Strong As & Hg geochem 14 Nov 2017 | Corporate Presentation | TSX: KOR | OTCQ
Slide 15: North Bullfrog Project
North Bullfrog Project
Slide 16: NBP Heap Leach Pad, Mill Site and Tails Storage conceptual locations
NBP Heap Leach Pad, Mill Site and Tails Storage are conceptual locations and have not been currently built
Slide 17: North Bullfrog Two Phase Plan & Resource Update
North Bullfrog Two Phase Plan & Resource Update* • Total mineral resource expanded to 1.76M ounces gold measured & indicated (M&I), 0.43M ounces gold inferred* • Phase I, highlights: • M&I mineral resource ~900k ounces at avg. grade of 0.8 g/t gold in 35Mt for mill* • 94% of Phase I plan resource is
Slide 18: North Bullfrog - Near-Term Gold Production
North Bullfrog - Near-Term Gold Production Development De-Risking Water: Own 1,600 ac/ft water right (will allow expansion) Power: New 16 Mw power line (50% more than required) Leach Access: Adjacent to major Pad highway & extensive quality road waste access throughout the property Labor: Wi
Slide 19: Processing Plan NBP & MLP
Processing Plan NBP & MLP • North Bullfrog Project includes an Oxide Mill for high-grade ore and a Run Of Mine heap leach for surrounding low-grade ore • Mother Lode Project contains oxide and transitional heap leach material as well as sulfide mill mineralization • Mill planned to convert to sulfid
Slide 20: 2017-2018 Project Workplan
2017-2018 Project Workplan Phase I (July-Dec 2017) Completion of NBP resource • Expand & characterize Mother Lode resource with initial 13,000m drill program • Define metallurgical characteristic of high and low grade Mother Lode mineralization & initial processing plan • Define conceptual multi-pr
Slide 21: Producers Production Profiles In Decline
Producers Production Profiles In Decline Projected 2015-2020 Production Decline -2.6% Goldcorp -4.2% Kinross -4.9% Coeur Mining -5.2% Hecla -5.7% Newmont -6.8% IAMGOLD -10.4% Barrick -18.0% AngloGold Ashanti -20% -15% -10% -5% 0% 21 Nov 2017 | Corporate Presentation | TSX: KOR | OTCQX: CORVF *Source
Slide 22: Corvus Gold - Performance
Corvus Gold - Performance Leverage to exploration news • Corvus up 275% on the heels of YellowJacket drill hole results • For the same period GLD was down 6% 22 Nov 2017 | Corporate Presentation | TSX: KOR | OTCQX: CORVF
Slide 23: Corvus Gold - Compelling Gold Investment
Corvus Gold - Compelling Gold Investment District potential for series of low strip, open pit, oxide/sulfide gold deposits in favorable permitting & operating area Infrastructure in-hand, permitting advanced to support potential commercial production in ~3 years Large resource expansion potential
Slide 24: Corvus Gold
CORVUS GOLD 700 West Pender Street, Suite 1750 Vancouver, British Columbia Canada, V6C 1G8 Telephone: (604)-638-3246 Toll Free: 1-844-638-3246 www.corvusgold.com
Slide 25: Resource Estimate, Phase 1 & 2
Resource Estimate, Phase 1 & 2 Measured, Indicated, & Inferred Mineral Resource Estimate for the North Bullfrog Project Constrained by Whittle TM pit volumes, including both the YellowJacket Vein/Stockwork & Disseminated Oxide Mineralization @ $1,250 Gold Price Mill Resource Disseminated Phase 1 (ox
Slide 26: Resource Estimate, Total & Sulfides
Resource Estimate, Total & Sulfides Measured, Indicated, & Inferred Mineral Resource Estimate for the North Bullfrog Project Constrained by Whittle TM pit volumes, including both the YellowJacket Vein/Stockwork & Disseminated Oxide Mineralization @ $1,250 Gold Price Phase Mill Resource Disseminated
Slide 27: Assumptions
Assumptions WhittleTM Input Parameters used for the 2017 North Bullfrog Mineral Resource Estimate Sierra Parameter Unit Mayflower* Jolly Jane* YellowJacket** Sulfide*** Blanca* Mining Cost US$/tonne 1.64 1.42 1.54 1.54 1.54 Au Cut-Off*** g/tonne 0.10 0.10 0.10 0.35 0.71 Processing Cost US$/tonne 1.7