Gfg Resources, Inc. · TSXV:GFG
Gfg Resources — Investor Presentation (February 2023)
35 slides from Gfg Resources's investor presentation, February 2023
Slide 1: Going for Gold
TSX-V: GFG | OTCQB: GFGSF GOING FOR GOLD Strong Portfolio of Highly Prospective District Scale Assets in Tier I Jurisdictions www.gfgresources.com February 2023
Slide 2: Cautionary Statement
Cautionary Statement Cautionary Note Regarding Forward-Looking Information This document contains certain forward-looking statements relating but not limited to the Company’s expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking words suc
Slide 3: A North American Gold Explorer
A North American GOLD Explorer A Compelling Investment Opportunity Experienced Management & Board Highly credible, innovative & disciplined team with track record of success in exploration, development & production Our Mission • aggressively District Scale Opportunities Consolidated two district sca
Slide 4: Corporate Snapshot
Corporate Snapshot Major Insider Ownership & Backed by Strong Institutions Capital Structure Shares outstanding (basic) 175.8 million Warrants 11.6 million Shares outstanding (fully diluted) 195.2 million Share price (Feb. 7, 2023) C$0.15 Market Cap ~C$25 million Cash (Oct. 31, 2022) ~C$2.3 million
Slide 5: Why Gold Exploration?
Why Gold Exploration? Quality Greenfield Opportunities are Rare Exploration Spend & Ounces Found : World 1985-2019 Exploration companies matter Moz Primary gold deposits only >100koz US$ Billion more than ever: 350 Est Unreported Discoveries $14 Moz Gold Found 300 $12 Exploration Expenditures • Lack
Slide 6: Surrounded by Majors
Surrounded by Majors World Class Gold District & Infrastructure Where is the best place to make the next BIG discovery? +150 M Au ozs in this map • Control the 2nd largest land position (+800 km2) • Projects strategically located along main structural breaks • Outstanding infrastructure, skilled lab
Slide 7: Timmins East – Proven Gold Systems
Timmins East – Proven Gold Systems Regional Landscape 30 km • Strategic location - 48km from Timmins • Geology like many Timmins deposits • Goldarm property consists of ~15,000 Ha • Located along a major crustal breaks – Pipestone & • Proximal to significant infrastructure & numerous mines North Pip
Slide 8: Montclerg Gold Project
Montclerg Gold Project Overview & Historic Drilling DDH Database • 123 holes (27,811m) • 96 holes (19,730m) along 1.6 km Montclerg trend, 80 holes completed prior to 1967 • 23 holes (4,700m) along 0.6 km CMX trend 1 km A Fertile System That Has Only Been Tested Locally & Shallowly *See footnote for
Slide 9: Why We Like It
Why We Like It MC & CX Cross Section Robust System with Multiple Gold Events Present *See footnote for QA/QC disclosure p.35 www.gfgresources.com TSX-V: GFG | OTCQB: GFGSF 9
Slide 10: What We Have Done
What We Have Done Significant Progress & Demonstrating a Robust Gold System Assays: Assays: 1.56 g/t Au over 27.5 m 9.85 g/t Au over 16.0 m 0.78 g/t Au over 40.5 m 5.26 g/t Au over 9.3 m Assays: Acquired Montclerg 8.34 g/t Au over 7.5 m 1.40 g/t Au over 31.1 m 1.11 g/t Au over 23.0 m Phase 1 Drill A
Slide 11: Maiden Drill Program
Maiden Drill Program High-grade & Bulk Tonnage Results from Initial Drilling • Q4 2021 Phase 1: 14 drill holes (3,200 m) focused on MC Central & MC East • Intensity of the alteration, veining & sulphidation are consistent with a multi-stage, large-scale gold system • Strike length of more than 1.3 k
Slide 12: 2022 Drill Program
2022 Drill Program High-grade & Bulk Tonnage Showing Large Gold System • Q1 2022 Phase 1: 17 drill holes (~4,200 m) focused on infill drilling at MC Central 2.53 6.97 with step-out drilling at MC West, MC East & CX targets 5.71 4.47 4.90 • Step-out drilling to the west & east expanded the system whi
Slide 13: 2022 Phase 2 Drill Program
2022 Phase 2 Drill Program High-grade & Bulk Tonnage Results • Q4 2022 Phase 2: 17 drill holes (3,500 m) focused on MC Central, MC East & Aljo • Continued success with both high-grade & bulk tonnage • Outstanding initial results growing the system: • MTC-22-035 is the best intercept on the property
Slide 14: 2022 Phase 2 Drill Program
2022 Phase 2 Drill Program Proving a Robust Gold System • Continuity is key! • Hole MTC-22-042 returned the broadest and highest-grade intercept at depth in the Lower Footwall Zone: • 8.46 g/t Au over 5.0 m • Only a couple holes at this depth • MTC-21-036 confirms up dip continuity of high-grade Foo
Slide 15: 2022 Phase 2 Drill Program
2022 Phase 2 Drill Program Stepping Out a Kilometre to the East • MTC-22-044 was designed to test ~1 km east of MC Central – Bold step-out drilling to test system limits • Untested region with compelling geology • Multiple broad zones (6-10 m) with strong sulphidation, intense alteration & multi-gen
Slide 16: 2022 Drill Program: MC West
2022 Drill Program MC West • Highlighted 2022 results: • MTC-22-014: 1.47 g/t Au over 9.0 m • MTC-22-015: 1.32 g/t Au over 33.5 m • MTC-22-018: 3.51 g/t Au over 5.9 m • More prominent porphyry vs felsic volcanics, multiple veining episodes, sulphidation well developed, thinner mafic FW stratigraphy
Slide 17: CX Trend
CX Trend Pipestone Deformation Zone • 2 holes testing on 100 m centers at elevation ~ 300m • Easterly hole returned 3 porphyry intervals, veined contacts & associated sulphidation • Encouraging structure that needs more drilling Analogous to Clavos Setting – Limited Testing at Depth *See footnote fo
Slide 18: Goldarm Consolidated
Goldarm Consolidated Strategic Land Position & Underexplored • The Pipestone Fault Zone is a major • High gold prospectivity is indicated • The North Pipestone Fault Zone & fault splay off the prolific Porcupine- by several gold deposits that occur Carr Intrusive setting host other Destor Fault Zone
Slide 19: Goldarm East
Goldarm East Aljo Gold Mine Target Historic high-grade gold mine from the 1940’s with limited exploration 0.195 opt Au / 10.8 ft Inc. 0.58 opt Au / 2.0 ft 0.52 opt Au / 2.0 ft 0.15 opt Au / 4.0 ft 2.98 opt Au / 2.0 ft 0.14 opt Au / 2.9 ft McLaren Resources 2.95 opt Au / 6.0 ft 0.33 opt Au / 6.0 ft 1
Slide 20: Pen Gold Project
Pen Gold Project New Discovery & Multiple High-Grade Results “We are demonstrating that this area of the Abitibi is underexplored & represents an exciting region to make gold discoveries” Sewell Region: Slate Rock: Nib: • Intersected 3 distinct high-grade Au structures • Demonstrated broad zones of
Slide 21: Dore Gold Project
Dore Gold Project Next to World Class Gold System • District scale land package – 212 km2 • Located in between the Borden gold project, Cote gold project & Newcrest Sylvanite project • Cote Gold Project: construction on-going to build 36,000 tpd mill – complete in 2023 • Highly prospective based on
Slide 22: Our Strategy For Timmins
Our Strategy For Timmins Significant Opportunity to Expand & Discover Montclerg/Goldarm 1. Drilling focus is on: • Expansion & definition of the MC & CX systems • Test greenfield targets • 3D geological modelling • Build target pipeline 2. Build/Expand Regional Model by: • Data compilation/targeting
Slide 23: What if ISR Technology can Revolutionize the Gold Industry
Rattlesnake Hills Gold Project, Wyoming U.S. What if ISR Technology can Revolutionize the Gold Industry
Slide 24: Proven Gold District
Proven Gold District The Ideal Gold Project for ISR Technology Wyoming +USD$40 Million Invested Geology One of the best jurisdictions for mining & 102km of drilling focused on a small Analogous to Cripple Creek, Wharf & exploration in the US section of the property Golden Sunlight Mines District Sca
Slide 25: Group 11 Transaction
Group 11 Transaction Option & JV Agreement to Earn 70% Partnering with Group 11 to disrupt the gold mining space….. G11 Technologies (“Group 11”) has the right to acquire up to 70% by completing a series of exploration & development expenditures & making staged cash & equity payments over 5 1/2 year
Slide 26: Group 11 Competitive Advantage
Group 11 Competitive Advantage Putting All the Pieces Together Only recently have scientists been able to put all the pieces together to make it work – no new ingredients – just a refined recipe for precious metal extraction www.gfgresources.com TSX-V: GFG | OTCQB: GFGSF 26
Slide 27: EnviroMetals Solution: An Alternative to Cyanide
EnviroMetals Solution An Alternative to Cyanide ENVIROMETALS VS. CYANIDE ENVIROMETALS VS. CYANIDE LEACH EFFICIENCY Sulphide/Gold Concentrate Leach Test Results 600 100% 90% 500 Gold in Solution (ppm) 80% Gold Recovery (%) 400 70% 60% 300 50% 40% 200 30% 100 20% 10% 0 0% 0 1 2 3 7 8 10 11 12 13 16 17
Slide 28: G11 Testwork at RSH
G11 Testwork at RSH Exceeded All Expectations • Whole core immersion & bottle roll tests were completed on samples from a spectrum of grade, lithology & oxidation across the deposit • A wide range of recoveries was returned from the whole core leach results: 15.9 to 82.4 % & averaged 48.2 % • Bottle
Slide 29: G11 Testwork at RSH: Next Steps
G11 Testwork at RSH Next Steps Higher Recovery • All main rock types host recoveries in excess of 40% - Heterolithic bx, Monolithic Schist bx, Schist, Phonolite & Monzodiorite • Key parameters influencing recovery include oxidation state, RQD, host rock, grade, sulphide content • Lower recovery corr
Slide 30: Why Rattlesnake?
Why Rattlesnake? The Right Location & Geology Many ISR Mines Currently in Operation Wyoming is rated as one of the top mining jurisdiction in the U.S. Wyoming regulators understand & effectively legislate ISR better than anywhere else in the U.S. Gold grades throughout the system vary from low
Slide 31: Invest in GFG For……
Invest in GFG For…… Exposure to district scale assets in world class jurisdictions Our technical team that has a proven track record Our ability to finance projects Our promise to maximize $’s in the ground Opportunity to find the next Timmins Gold Mine & develop an ISR gold project in Wyoming Well-
Slide 32: Stay Informed & Connected
Contact Us: Stay Informed & Connected Marc Lepage, VP Business Development www.gfgresources.com marc@gfgresources.com 306-931-0930 202- 640 Broadway Ave Saskatoon, SK Canada S7N 1A9 www.gfgresources.com TSX-V: GFG | OTCQB: GFGSF 32
Slide 33: Executive Team
Executive Team Biographies Brian Skanderbeg, P.Geo. - President & CEO, Director Mr. Skanderbeg was most recently President & CEO of Claude Resources Inc. which was acquired by SSR Mining for $337 million. He previously worked for Goldcorp, Inco Ltd. & Helio Resources, holding positions in both explo
Slide 34: Board of Directors
Board of Directors Biographies Patrick Downey, P.Eng. - Non-Executive Chair Mr. Downey has over 25 years of international experience in the resource industry. Mr. Downey has significant executive & board experience which includes, Claude Resources, Victoria Gold, Dalradian Resources, Elgin, Viceroy,
Slide 35: Footnotes
Footnotes 1. Sampling and Quality Control: Till Samples were collected from hand-dug pits by experienced samplers at depths up to 1 meter in a grid pattern with nominal spacing of 500 by 1000m in areas of till cover. Geochemical samples (~2 kilograms) were sieved to minus 230 mesh and analyzed for g
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