Advanced Gold Exploration Inc. · CSE:AUEX
Advanced Gold Exploration — Investor Presentation (October 2019)
79 slides from Advanced Gold Exploration's investor presentation, October 2019
Slide 1: Advance Gold Exploration Inc. 2023 Properties and Pipeline
Advance Gold Exploration Inc. Management Shares 2023 Properties and Pipeline.
Slide 2: Who We Are
WHO WE ARE Experienced management and directors WHAT WE DO Upgrade abandoned or forgotten gold projects WHERE WE DO IT Friendly jurisdictions WHY WE DO IT Increase shareholder value by focusing on buy-outs not production 2
Slide 3: Our Goal
OUR GOAL Our expertise is in Our purpose is to bring identifying and acquiring increasing long-term undervalued gold bearing value to our shareholders properties then developing while reducing risk, so and exploiting newly that we can all benefit. realized and proven value, without mining for gold.
Slide 4: The Problem
• Most junior mining companies are THE PROBLEM destined to fail from the start. • Only a small number survive the journey from the exploration stage to become producing mines. • This is best illustrated using the Lassonde Curve. It shows the risk and potential along the road from early exploration t
Slide 5: The Lassonde Curve
JVI EOVANSCED GOLD EXPLORATION THE LASSONDE CURVE The Lassonde Curve:The lifecycle of mineral discovery high resource —s reserve value A depleting discovery $$ exploration ; recon. vy exploration drilling . sin geologists low first on ground : i closure environmental monitoring 1 ~5 years pi2years ,
Slide 6: The Solution
THE SOLUTION Using our gold exploration financial and technical expertise, modern exploration technology, and our substantial industry network, we are able to arbitrage the value of exploration and pre-development dollars to unlock the potential of these properties. A significant part is funding the
Slide 7: Fortune Favors the Juniors?
Investors made a fortune buying stocks at 2016 levels. But, the opportunity in today’s market is FORTUNE better still. With commodity prices remaining relatively FAVORS THE high, there’s a gaping mismatch between the fundamental strength of the resource sector JUNIORS? versus equity valuations. Juni
Slide 8: Projects
— ADVANCED GOLD EXPLORATION PROJECTS
Slide 9: Projects
We currently have 3 projects in the gold and 1 PROJECTS in the copper space in Canada and one in the USA . We are actively evaluation further acquisitions. Gold Projects 1. Melba - Kirkland Lake, Ontario 2. Doyle – Batchewana, Ontario 3. Paint Lake Road – Wawa, Ontario 4. Landrum - South Carolina, U
Slide 10: Melba
MELBA Former Gold Mine in the Kirkland Lake area 10
Slide 11: Melba Location Is 15 km North of Kirkland Lake
MELBA LOCATION IS 15 KM NORTH OF KIRKLAND LAKE 11
Slide 12: In Good Company in the Largest Gold Producing Area in Canada
WE ARE IN GOOD COMPANY IN THE LARGEST GOLD PRODUCING AREA IN CANADA The project is located in the Abitibi Greenstone Belt host to many past and current gold producers. A list of active producing, past producers and exploration companies in the area includes Ross Mine, Holtyre, Fen-Gib. Pelangio Expl
Slide 13: Situated Along Major NNW Trending Linking Structure
SITUATED ALONG MAJOR NNW TRENDING “LINKING STRUCTURE” FROM THE PORCUPINE DESTOR FAULT 13
Slide 14: Melba Typical Abitibi Setting
MELBA TYPICAL ABITIBI SETTING • 15 km from Kirkland Lake in Abitibi Greenstone Belt • Shear-Hosted Quartz Veins and altered sediments in greenstone belt associated with strong shear zone • 88 Claim Units and Lease covering the previous mine and extensions • On strike from former producing Ross Mine
Slide 15: Surface Sampling
SURFACE • Samples collected on surface during preliminary prospecting included SAMPLING 40 samples over 1 g/t gold and 12 over 2 g/t gold including maximums of 14.6 g/t. 11.3g/t and 22.5 g/t gold • Visible gold was identified in quartz veins on surface • Channel sampling returned values of 73 g/t an
Slide 16: Visible Gold
XN GOLD EXPLORATION VISIBLE GOLD
Slide 17: Resource and Exploration
RESOURCE AND EXPLORATION • Non 43-101 compliant resource of approximately 50K ounces of gold in underground workings and approximately 4,000 tonnes of gold-bearing material from the underground workings remain on surface. • 1500 m drill program completed in 2022 to twin former gold intersections in
Slide 18: Potential
• Assessment Report 42A08SE2005 POTENTIAL Gleeson- Ross Mine page 10 indicates the Melba mine site includes a geological signature similar to the Ross Mine, to the NW on strike, in Holtyre. • No exploration has been carried out to the north or south of the surface exposures in swamp covered areas. 1
Slide 19: Drilling Was Completed in 2022 Totaling 1500 Meters
DRILLING WAS COMPLETED IN 2022 TOTALING 1500 METERS. 19
Slide 20: Further Work
• Exploration has not been carried out FURTHER WORK to the north or south of the exposed veins. • The major structure identified in drilling with breccia and shearing is known to continue in these directions and may extend to the Ross Mine area. • Further work will include geophysical surveys (VLF E
Slide 21: Doyle
Searching for DOYLE another Hemlo in the Batchewana Greenstone Belt 21
Slide 22: Doyle Property Location North of Sault Ste Marie
DOYLE PROPERTY LOCATION NORTH OF SAULT STE MARIE 22
Slide 23: Further Work
• Exploration has not been carried out FURTHER WORK to the north or south of the exposed veins. • The major structure identified in drilling with breccia and shearing is known to continue in these directions and may extend to the Ross Mine area. • Further work will include geophysical surveys (VLF E
Slide 24: The Doyle Property Regional Geology
THE DOYLE PROPERTY REGIONAL GEOLOGY • The property lies in the Batchawana Greenstone Belt (BGB) within the Abitibi Sub-province of the Canadian Shield • The Batchawana Greenstone Belt is similar to the Wawa and Abitibi Belts in comprising volcanic and sedimentary units which contain gold and base me
Slide 25: Doyle Hemlo Target, Gold
DOYLE HEMLO • Large property – over 169 claim units = 3,900 Hectares TARGET, GOLD • Geology and mineralization resembles Hemlo (>21 million ounces of gold) • Past work included drilling (37 holes for 8500 m) extensive IP coverage, stripping and sampling, geological mapping and reconnaissance geochem
Slide 26: Doyle and Hemlo
ADVANCED GOLD EXPLORATION | DOYLE AND HEMLO j MAFIC INTRUSIVE ROCK FELSIC INTRUSIVE ROCK SEDIMENTARY ROCK FELSIC VOLCANIC ROCK MAFIC VOLCANIC ROCK GNEISS HEMLO THOTERER Tia i REGIONAL ie COMPARISON a acne rr 26
Slide 27: Recent Work
RECENT WORK • Lidar Survey completed - gives detail of shear zones related to known gold occurrences and point to areas prospective for gold discoveries. • Currently planning drilling in four prospective areas to follow-up previous intersections and newly discovered mineralization and test known une
Slide 28: Where Is the Gold?
WHERE IS THE GOLD? • Gold is found across the property with anomalous and lower grade occurrences common • High grade gold is known in three areas on the property from past drilling • Drill hole 94-22 = 46 g/t Au over 1.0 m in Quartz Vein • Drill Hole 95-34 = 14.6 g/t Au over 1 m in 9.0 m zone of 2.
Slide 29: Existing Trench Need Cleaning Followed by Mapping and Channel Sampling
EXISTING TRENCH NEED CLEANING FOLLOWED BY MAPPING AND CHANNEL SAMPLING 29
Slide 30: US Based Properties
US BASED The Carolina PROPERTIES Gold Belt 30
Slide 31: US Properties
US PROPERTIES •Situated in The “Carolina Slate Belt” in South Carolina •Site of the first “Gold Rush” in the United States – before California! •Can still pan Gold in some streams in the area •Site of five past producers and one current producer – Haile (2.45 million ounces Proven and Probably and 2
Slide 32: US Properties
US PROPERTIES • Situated in The “Carolina Slate Belt” in South Carolina • Site of the first “Gold Rush” in the United States – before California! • Can still pan Gold in some streams in the area • Site of five past producers and one current producer – Haile (2.45 million ounces Proven and Probably a
Slide 33: Landrum
LANDRUM USA PROPERTIES, GOLD IN SOUTH CAROLINA SLATE BELT 33
Slide 34: Landrum-Faulkner
LANDRUM-FAULKNER •The project is made up of two mineralized areas – Landrum and Faulkner. •The Landrum property covers a past producing mine and extensions of the mineralized veins similar to typical orogenic gold occurrences. •The Faulkner project contains gold in drill holes related to an epitherm
Slide 35: Landrum-Faulkner Location South Carolina
LANDRUM- FAULKNER LOCATION SOUTH CAROLINA 35
Slide 36: Landrum
• Situated in Edgefield County South Carolina • The Landrum veins consist of silicified zones LANDRUM generally made up of 20-50% quartz with admixed sericitized argillite containing 2- 10% pyrite with trace chalcopyrite. • The veins vary in thickness from less than a meter to 10 meters and occur wi
Slide 37: Paint Lake Road Joint Venture
PAINT LAKE ROAD JOINT VENTURE
Slide 38: Paint Lake Road Joint Venture
PAINT LAKE ROAD JOINT VENTURE 38
Slide 39: Paint Lake Road Wesdome Target: Gold and Base Metals
PAINT LAKE ROAD WESDOME TARGET: GOLD AND BASE METALS 39
Slide 40: Paint Lake Road Wesdome Target: Gold and Base Metals
PAINT LAKE ROAD WESDOME TARGET: GOLD AND BASE METALS • Less Then 5 km from Wesdome’s Mishi Open Pit • Overlies Iron Lake/Pukaskwa Shear Zone (ILP Shear) • Gold deposits to the north (Abbie lake owned by Angus Gold) further east have Island Gold owned by Alamos • Gold Deposit to the South (Davis Lake
Slide 41: Mishi Open Pit - Notice Shearing This Is On Strike
MISHI OPEN PIT - NOTICE SHEARING THIS IS ON STRIKE WITH PART OF THE PAINT LAKE ROAD JV CLAIMS TO THE WEST. 41
Slide 42: Buck Lake
BUCK LAKE VMS Target 42
Slide 43: Buck Lake VMS Target - Copper and Zinc
BUCK LAKE VMS TARGET - COPPER AND ZINC. •Large property – 179 Clam units = 4100 Hectares surrounded by open ground •Highly prospective volcanic stratigraphy with felsic-intermediate/mafic contacts throughout •At least eight known areas of mineralization on the property with chalcopyrite and sphaleri
Slide 44: Management
MANAGEMENT James Atkinson M.Sc., P. Geo. – CEO and Director President of Talisker Gold Corp. Director of Frontline Gold, CBLT, Big Red Mining Over 50 years in the Mining , Exploration and Environmental Business with major and Junior mining companies exploring and developing base metal and gold as we
Slide 45: Directors
DIRECTORS Walter Henry – Independent Director President and CEO Frontline Gold Inc. Currently, Mr. Henry serves as a Director of Riverside Resources, Alturas Minerals Corp, Gold Candle Ltd., and Talisker Gold Corp. He has held various Chairman, Audit Committee Chairman and Director roles, in the fol
Slide 46: Next Steps: Three Month Plan - News Flow
NEXT STEPS THREE MONTH PLAN – NEWS FLOW •Begin Exploration of South Carolina Properties •Further sampling and geophysics – Budget approximately $100K •Review results of compilation of Rattle Snake area, South Carolina acquire additional property – Budget approx. $25K. •Further work at Melba - Budget
Slide 47: Next Steps: 3 Month Plan - More News Flow
NEXT STEPS 3 MONTH PLAN – MORE NEWS FLOW •Continue to support Third Party Partnerships with projects •Sign access agreements for Doyle and begin planning for 2023 program •Prepare NI 43-101 Technical Report for Buck Lake copper deposit massive sulphide •Make presentations for Option/Partnership at B
Slide 48: Appendix - Technical Details
APPENDIX – TECHNICAL DETAILS 48
Slide 49: Melba
MELBA 49
Slide 50: Drilling Locations
| DRILLING LOCATIONS N A a : MELBA PROPERTY . 5 KIRKLAND LAKE AREA, ON r” - ‘ 7 MELBA TOWNSHIP 2022 DRILLING CLAIM 550869 - 42A08H 41.400 Meters 4060-80100 UNDERGROUND WORKINGS
Slide 51: Typical Results from Known Veins
TYPICAL RESULTS FROM KNOWN VEINS Melba Drilling 2022 Assay Summary for Press Release Hole Number From To length Au Ag meters meters meters gram/tonne gram/tonne Mel-22-01 63.40 69.50 6.10 0.41 0.34 Including 65.20 67.10 1.90 1.00 0.88 MEL-22.02 68.60 71.90 3.30 6.60 3.46 Including 68.60 69.60 1.00 1
Slide 52: New Style of Mineralization
NEW STYLE OF MINERALIZATION - ANOMALOUS GOLD WITH DISSEMINATED PYRITE IN QUARTZ FELDSPAR PORPHYRY DYKES Hole Number From To length Au Ag MEL-22-05 6.00 15.50 9.05 0.19 NSV 67.30 72.30 5.00 0.70 1.30 MEL-22-06 4.50 12.50 8.00 0.13 NSV 28.80 47.00 18.20 0.20 NSV 53.00 59.40 6.40 0.38 0.75 52
Slide 53: Development
DEVELOPMENT •The property was developed in 1936 and closed due to the war •There is a 500-foot inclined shaft with two working levels at approximately 75 and 225 feet (23 and 75m). •A report from 1938 recommends sinking the shaft two additional levels to 300 and 500 feet ( 90 and 150m). 53
Slide 54: The 225 Foot Block of Ore - High Grade Gold in Channel Samples
“THE 225 FOOT BLOCK OF ORE” HIGH GRADE GOLD IN CHANNEL SAMPLES 54
Slide 55: All Material Mined Underground Is Still on Surface - Ore Pile
ALL MATERIAL MINED UNDERGROUND IS STILL ON SURFACE - HERE IS THE ORE PILE 55
Slide 56: Panned Material from the Ore Pile Got Flakes of Gold
WHEN WE PANNED MATERIAL FROM THE ORE PILE GOT FLAKES OF GOLD 56
Slide 57: Quartz Near Drill Hole 84-22
QUARTZ NEAR DRILL HOLE 84-22 57
Slide 58: Doyle
DOYLE 58
Slide 59: Batchewana Greenstone Belt
BATCHEWANA GREENSTONE BELT 59
Slide 60: Work Completed
WORK COMPLETED Recent Work completed •An airborne survey with VLF EM and Magnetics over the property •Geophysical interpretation of the survey • Targets indicated based on areas of known gold mineralization •Ground VLF EM follow up over area of known mineralization with modern interpretation •Indica
Slide 61: Doyle Geophysical Interpretation
DOYLE GEOPHYSICAL INTERPRETATION 61
Slide 62: Reinterpretation of Resistivity Near Drill Hole 84-22
REINTERPRETATION OF RESISTIVITY NEAR DRILL HOLE 84-22 (46 G/T AU) DID PREVIOUS DRILLING MISS TARGET??? 62
Slide 63: LiDAR DEM Showing Fabric of the Property
LIDAR DEM SHOWING FABRIC OF THE PROPERTY. 63
Slide 64: Shaded Relief Showing Major Structures
SHADED RELIEF SHOWING MAJOR STRUCTURES. 64
Slide 65: LiDAR Based Targeting
LIDAR BASED TARGETING 65
Slide 66: Doyle Property Map
e4-120-w712,000 716,000 ; ee60"W 5,244,000 5.244.000 erasae 72341 OH arteon eee 54650 on 5.242.000 5.240.000 Dietesorary Ozsurarce oan ruenve 5, , Area of Trenching i se : reaums 71200 AREROF NTEFEST : mL \ v 5,238,000 «7° 5.238.000 DOYLE PROPERTY MAP te AREA OF INTEREST RUNNALS TOWNSHIP SSM MINING
Slide 67: Landrum and Faulkner
LANDRUM AND FAULKNER 67
Slide 68: Landrum Surface Geology
LANDRUM SURFACE GEOLOGY 68
Slide 69: Landrum Soil Sampling
LANDRUM SOIL SAMPLING 69
Slide 70: Longitudinal Section - Mineralization Is Open to the South
LONGITUDINAL SECTION – MINERALIZATION IS OPEN TO THE SOUTH 70
Slide 71: Rattlesnake
RATTLESNAKE •Adjacent to former Ridgeway mine – which produced 1,500,000 ounces of gold and 900,000 ounces of silver •Non-43-101 compliant reserve estimate of 140,000 tons of .17 opt gold as heap leach prospect •Gold occurs in pyritic alteration zone in volcanic/sedimentary stratigraphy •Much of the
Slide 72: Buck Lake
BUCK LAKE 72
Slide 73: Massive Sulphide in Outcrop - 3 m Wide
MASSIVE SULPHIDE IN OUTCROP – 3 M WIDE 73
Slide 74: Channel Sampling
CHANNEL SAMPLING 74
Slide 75: Massive Sulphide in Drilling
Massive Sulphide in drilling 75
Slide 76: More Sulphides with Exhalite
More Sulphides with Exhalite 76
Slide 77: Copper Mineralization Intersected 1.5% Copper over 11.75 Meters
BL-22-06 From (m) To (m) Length (m) Copper % 35.35 47.10 11.75 1.51 Including 42.35 45.45 3.10 4.59 COPPER MINERALIZATION INTERSECTED A ZONE OF 1.5% COPPER OVER 11.75 METERS IN DRILL HOLE BL-22-06 INCLUDING 3.1 M OF 4.59% COPPER 77
Slide 78: We Believe in Boots on the Ground
WE BELIEVE IN BOOTS ON THE GROUND 78
Slide 79: Contact us
Contact us Jim Atkinson, CEO Advance Gold Exploration Inc. 372 Bay Street, Suite 301 Toronto, Ontario M5H 2W9 Canada Tel: + (647) 278-7502 Email: jim.atkinson@advanceunited.ca
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