Evergold Corp. · TSXV:EVER
Evergold — Investor Presentation (December 2020)
48 slides from Evergold's investor presentation, Dec 1, 2020
Slide 1: Two Discoveries in 2020 Promise a Golden 2021
Two Discoveries in 2020 Promise a Golden 2021 December 1, 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar words and expressions to the exte
Slide 3: Corporate Backstory: We've Delivered Discoveries Before
Corporate Backstory: We’ve Delivered Discoveries Before, We’re Busy Doing it Again 1. Established late in 2015 around four 100%-owned, drill-ready properties in B.C. from well known B.C. geologist C.J. (Charlie) Greig 2. Largely mothballed by management in 2016 to focus on setting up and running GT
Slide 4: Our Value is in Two Early-Stage Gold Discoveries Achieved in 2020
Our Value is in Two Early-Stage Gold Discoveries Achieved in 2020 1 Success at Snoball: 2,799 Metres in 13 Holes Confirmed a New High-Grade Epithermal Gold-Silver System, and We’re Only Scratching the Top 2 Success At Golden Lion: 2,987 Metres in 16 Holes + Geophysics (IP) Confirmed a New High- Grad
Slide 5: Flagship Properties
Flagship Properties Pipeline Properties 5
Slide 6: Location
Golden Lion and Snoball are linked by Golden the similar rocks of the Stikine geological Toodoggone Triangle terrain, defined here Area Play Area Play by the “Golden Horseshoe” LOCATION 6
Slide 7: Snoball Success
1 Snoball Success: At Snoball in BC’s Golden Triangle, we’ve achieved a new, early-stage, high-grade gold-silver vein system discovery This is precisely the kind of high-grade system upon which the early fame of the Golden Triangle was built, and… We now have a classic Golden Triangle play of
Slide 8: Golden Lion Success
2 Golden Lion Success: Our 2020 drill results returned multiple broad near surface gold-silver intercepts Our geophysics is telling us it’s potentially much sweeter just below where we’ve drilled to date The size of the GL1 system, and how well it is expressed in all the geochemical and geophy
Slide 9: First Up: Snoball Property
gold4ever evergolcdcorp. First Up: Snoball Property
Slide 10: Snoball Location - BC's Golden Triangle
Snoball Location - BC’s ‘Golden Triangle’ 10
Slide 11: Snoball Backstory
Snoball Backstory: Geochemical work by Noranda in the early 1990s defined a large gold-silver anomaly at lower elevations. It was trenched and drilled (1992), then the property was later allowed to lapse Work by Evergold in the 2016-2019 period suggested the source of the anomaly was some 500 me
Slide 12: Snoball Prospect Viewed North
Snoball Prospect Viewed North Pyramid Peak Snoball Ridge ~2012 metres Red trace represents >150 ppb gold-in-soils & talus fines Snoball Pond 12 ~1500 m
Slide 13: Where we spent the 2020 field season drilling: Apex pad
This is where we spent the entire 2020 field season drilling: Apex pad, 2,000 metres up on Pyramid Peak, with the entire mountain, and system, below us. Notice the rusty colouring of the rock, reflecting oxidation of gold & silver bearing 13 sulphide minerals
Slide 14: Pyramid Peak 'Apex' Pad
Pyramid Peak ‘Apex’ Pad Very strong gold values in talus fines (39 talus fines samples collected by Evergold over Pyramid Peak in 2016 and 2017 averaged 0.718 g/t Au) made this a promising location to start the drill effort However, the highly weathered surface of Pyramid Peak made it impossible
Slide 15: Early Drilling Returned Narrow, High-Grade Gold and Silver
…Turns Out We Hit. Early Drilling Returned: Narrow, high-grade gold +/- silver in several holes (Note: true widths are presently unknown) 20.8 g/t Au & 54.54 g/t Ag over 0.70 metres from 134.30 to 135.00 metres in hole SB20-006 12.90 g/t Au and 54.24 g/t Ag over 1.44 metres from 47.75 to 49.19
Slide 16: High-Grade Gold and Silver in Snoball Drill Core
A Photo of Some of it: High-Grade Gold and Silver in Snoball Drill Core 16 As announced in news August 18,2020: 12.90 g/t Au and 54.24 g/t Ag over 1.44 metres from 47.75 to 49.19 metres in hole SB20-005 within 3.19 g/t Au and 28.37 g/t Ag over 9.62 metres from 42.00 to 51.62 metres
Slide 17: Some Key Points to be Excited by
Some Key Points to be Excited by: We appear to be just scratching the top, with much of the system likely there to be found, below Pyramid Peak, to the west below Snoball Ridge, and to the north below Snoball glacier Examine again the location of our first drill pad (slide 13). We achieved the d
Slide 18: Key Point 2
Key Point 2 We hit in our first kick at the can, but we missed the heart of it. The best may be to come… Turns out we almost certainly drilled parallel or subparallel to the trend of the principal vein zone atop Pyramid Peak, meaning we mostly drilled the pathfinder ‘envelope’ around the higher-
Slide 19: Here's That View of Pyramid Peak Again
Here’s That View of Pyramid Peak Again: Possible SW-NE trend of Pyramid Peak’s principal The highly weathered mineralized high grade surface made it structure (there are others). impossible to know, prior to drilling, the Our drilling to date appears orientation of the largely parallel or sub-parall
Slide 20: Early Drill Results – Bird's Eye View
Early Drill Results – Bird’s Eye View Interpreted trend of main mineralized high grade structure on Pyramid Peak. We appear to have been drilling parallel or sub- parallel to it, drilling the roughly 10-15 metre wide ‘envelope’ of pathfinders around the main zone, without a clean cut right through t
Slide 21: Possible Trend of Mineralized Structures #1 – SW to NE
Possible Trend of Mineralized Structures #1 – SW to NE Apex Drill Pad, Pyramid Peak 1,000 metres 21
Slide 22: Possible Trend of Mineralized Structures #2 – NW to SE
Possible Trend of Mineralized Structures #2 – NW to SE 1,000 metres 22
Slide 23: Key Point 3
Key Point 3 The high-grade vein(s) we drilled (sort of) atop Pyramid Peak are just the first - there will be multiple high-grade veins within this system Now, the company needs to establish new drill pads in locations that will enable us to drill through the multiple high-grade structures the ‘r
Slide 24: Key Point 4
Key Point 4 As we figure things out, Snoball should deliver some very high-grade gold-silver Not always, but from time-to-time, and possibly frequently when we zero in on the best of the system We know this because of the nature of the system and the fact we’ve previously sampled high grades i
Slide 25: High Grade Gold & Silver in Rocks
High Grade Gold & Silver in Rocks Au Au Ag Ag Sample No. (g/t) (oz/t) (g/t) (oz/t) Photo, left: Boulder of high- grade gold and CBR1604002 11.35 0.33 94.1 2.7 silver-rich vein material taken from CBR1604003 32.50 0.95 296.0 8.6 the Snoball prospect. Several CBR1604004 80.20 2.34 452.0 13.2 samples h
Slide 26: Snoball – High Grades in Rock
Snoball – High Grades in Rock 22.7 g/t (0.73 oz/ton) Gold, 1,080 g/t (34.7 oz/ton) Silver Sample No. CGSNO16R390 Qtz-Carb Py, Aspy Vein Breccia Readers should note that grab samples are by their nature selective, and the associated Au-Ag values are not necessarily representative of overall values fr
Slide 27: Snoball Wrap-Up
Snoball Wrap-Up Everyone hopes for long, high-grade intercepts in the first phase of discovery drilling Sometimes you do get this – we did at GT Gold’s >16 million ounce AuEq ‘Saddle’ gold-copper discovery More often than not however, it takes some time to figure things out We’re doing that
Slide 28: Snoball Has Good Access
Snoball Has Good Access. Topography Can be WorkedViewed to Our Advantage Also to Southeast Paved highway 37 10 kms up a gentle mountain valley from highway 37 Snoball Pond 28
Slide 29: Next Up: Golden Lion Property
Next Up: Golden Lion Property 29
Slide 30: Location
Golden Lion and Snoball are linked by Golden the similar rocks of the Stikine geological Toodoggone Triangle terrain, defined here by the “Golden Area Play Area Play Horseshoe” LOCATION 30
Slide 31: Golden Lion Location – B.C.'s Toodoggone Region
Golden Lion Location – B.C.’s ‘Toodoggone’ Region 31
Slide 32: Early Days on a Large New System – and Discovery
Early Days on a Large New System – and Discovery Similar to Newmont’s results in 1984, at the GL1 Main target we’ve confirmed, in our early, shallow drilling, the presence of a plus 100 metres true width, greater than 500 metres long, gold and silver-bearing zone carrying bulk tonnage-style grades
Slide 33: Initial Assay Results 2020 Drilling – GL1 Main
Initial Assay Results 2020 1 Drilling – GL1 Main - 53.21 metres at 0.75 g/t Au from 7.52 to 60.73 metres in hole GL-20-002 Including 19.00 metres of 1.61 g/t Au from 35.10 to 54.10 metres - 73.82 metres of 0.50 g/t Au from 5.38 to 79.20 metres in hole GL-20-003 Including 7.60 metres of 2.78 g/t Au f
Slide 34: Initial Assay Results 2020 Drilling – GL1 Main
Initial Assay Results 2020 Drilling – GL1 Main Notably, all ten Evergold holes for 1,647 metres drilled into the GL1 Main target during the 2020 field season cased into mineralization at surface and all holes carried intermittent gold and silver values down-hole well beyond the significant interce
Slide 35: Core Photos - GL1 Main
corp. gold4ever ever Core Photos - GL1 Main G@L-20 -002 31.67 - 32.03
Slide 36: Core Photos - GL1 Main
Core Photos - GL1 Main GL-20-006, 42.0 metres GL-20-007, 10.0 metres GL-20-008, 31.0 metres GL-20-003, 31.0 metres 36
Slide 37: Drilling on Geology - GL1 Main Zone
Drilling on Geology - GL1 Main Zone See slides 36 and 37 for drill section views 37
Slide 38: So Where's the Juice?
So Where’s the Juice? PERHAPS JUST BELOW. What is fundamentally new and exciting and was unknown to Newmont, are our 2020 geophysical results. These indicate GL1 Main is potentially much sweeter just below where we (and historically Newmont) have drilled to date (see next two slides) 38
Slide 39: See slide 35 for location of sections
See slide 35 for location of sections 39
Slide 40: See slide 35 for location of sections
See slide 35 for location of sections 40
Slide 41: A Large System
A Large System The large size of the GL1 system, and how well it is expressed in all the geochemical and geophysical parameters, is noteworthy The soil geochemical anomalies (slide 37) emphasize the strike extent of the near-surface part of the system (two +500m long sub-parallel trends) These
Slide 42: A Large System
gold4ever evergolcdcorp. = ss ae x -_ Plan\View - Drillin ee CLT Mai — g & Modelled Resistivity " Lae y a Legend IP Resistivity, -50 m wii4 16422125 2054 ana9 ses 7a 10888 —— IP Section Line Collars j / @ — Evergold (2020) - Assays this Release F ® — Evergold (2020) - Assays Pending IL Newmont (1984
Slide 43: A Large System
gold4ever evergolccorp. Legend IP Chargeability Section Lines —— IP Section Line Collars Evergold (2020) - Assays this Release Evergold (2020) - Assays Pending Newmont (1984) evergoldcorp. goiddever 'GL-20-013) RES elled Ch e \ \
Slide 44: Next Steps
Next Steps Our technical team is working with the data already received and will be finalizing plans for drill-testing in 2021 along trend and deeper, once all assays are in 44
Slide 45: Share Structure
Share Structure Evergold Capitalization Table Ownership Positions TSXV: EVER (as at November 27, 2020) (fully diluted basis) 8.0% Basic Shares 34,837,681 25.0% OTC: EVGUF Warrants 10,178,848 Options 3,185,000 67.0% Fully Diluted Shares 48,201,529 FRA: A2PTHZ Insiders Retail Institutions Share Price
Slide 46: Management
Management Kevin M. Keough, President & CEO, Director – HBSc Geological Sciences, Queen’s University. Mr. Keough most recently served as CEO of GT Gold Corp., which is advancing the important Saddle Au-Cu-Ag discoveries in B.C.'s Golden Triangle. He began his career with Anglo American Corp. and De
Slide 47: Directors & Advisors
Directors & Advisors Kevin M. Keough, President & CEO, Director – HBSc Geological Sciences, Queen’s University. Mr. Keough most recently served as founding President and CEO of GT Gold Corp., which is advancing the large-scale Saddle Au-Cu-Ag discovery in B.C.'s Golden Triangle. He began his career
Slide 48: Thank You
THANK YOU TSXV: EVER www.evergoldcorp.ca kevin.keough@evergoldcorp.ca Photo: Drilling GL1 Main Zone, August 2020 48