Nevada King Gold Corp · TSXV:NKG
Nevada King Gold — Investor Presentation (March 2023)
44 slides from Nevada King Gold's investor presentation, March 2023
Slide 1: Nevada's 3rd Largest Mineral Claim Holder
Nevada’s 3rd Largest Mineral Claim Holder Advancing a High-Grade Oxide Discovery at its Atlanta Gold Mine Project TSX-V: NKG 2023 OTCQX: NKGFF
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events or Nevada King Gold Corp. (“Nevada King” or “the Company”) future performance, business prospects or opportunities. Any
Slide 3: Nevada King Highlights
Nevada King Highlights A dominant explorer and 3,187 2,423 developer focused on the COEUR MINES 4,061 3,608 HECLA MINING Battle Mountain Trend, 5,670 5,640 Nevada’s most prolific gold mining belt. 10,002 8,041 Advancing a high-grade 10,315 oxide discovery at its 14,716 Atlanta Gold Mine Project. 12,
Slide 4: Generating High-Grade Oxide Results
Generating High-Grade Oxide Results Drilling at Atlanta is consistently generating some of the highest-grade results over significant intervals in Nevada. Highlights include: ATLANTA HIGHLIGHT INTERVAL OXIDE DATE RELEASED 45.7m of 4.21 g/t Au Feb 27, 2023 93.6m of 2.18 g/t Au Feb 27, 2023 71.7m of 2
Slide 5: Strong Management & Board
Strong Management & Board MANAGEMENT INDEPENDENT DIRECTORS Paul Matysek, M.Sc. Founder & Executive Chairman Craig Roberts, P.Eng. Serial entrepreneur, geochemist and geologist with 40+ years experience in mining. Mining engineer with over 30+ years of Since 2004, as CEO or Chairman, Mr. Matysek has
Slide 6: A Proven Track Record
A Proven Track Record Same Founding Group as New Found Gold Corp. A One Billion Dollar Market Cap. Management is responsible for cumulative exits of $3.5-billion, with hundreds of millions of dollars raised. COMPANY ACQUIRED BY YEAR AMOUNT ($CAD) PAST EXITS BY MANAGEMENT Gold X Mining Corp. Gran Col
Slide 7: Technical Team
Technical Team Lewis Teal, M.Sc.,B.Sc. Geo. Chief Technical Advisor 40+ years experience in mining industry, including 28 years with Newmont from 1988-2015. Proven track record of multiple discoveries and advanced development experience. Mac Jackson, M.Sc., B.A. Geo. Consulting Geologist Led explora
Slide 8: Why Nevada? Why Now?
Why Nevada? 31M oz 63M oz Why Now? GETCHELL TREND CARLIN TREND WINNEMUCCA IRON POINT BATTLE ELKO GOLCONDA MOUNTAIN GOLD LEWIS HILLTOP SOUTH HORSE CRESCENT MTN.-MILL CREEK VALLEY • World’s #1 Gold Mining Jurisdiction. CARICO * 92M oz LAKE EVANA BATTLE MTN TREND KOBEH VANADIUM VALLEY • Size Matters -
Slide 9: How Nevada King was Built
How Nevada King was Built • ACQUIRED VIA STAKING – NO NSRS 0% NSRs* Staked projects directly resulting in no underlying NSRs, option payments, or work commitments. • BATTLE MOUNTAIN TREND FOCUS Identified and focused on trend with obvious mineral potential and 92M oz discovered to date. *98% OF NEVA
Slide 10: The Nevada King Portfolio
The Nevada King Portfolio Sleeper Twin Creeks Mine Getchell Mine Ken Snyder Mine Jerritt Canyon Joint Venture Hollister LIST OF LODE CLAIMS OWNED Pinson Mine IRON Dee Mine Long Canyon OR CONTROLLED BY NEVADA KING Bootstrap Mine Meikle Mine WINNEMUCCA POINT Preble Betze/Post Mine West Pequop 4 Deep S
Slide 11: 2023 Drill Plan
METERS DRILLED ON NEVADA KING PROPERTIES 2019 2020 2021 2022 2023 1,876 m 2,000m 2023 Drill Plan m 2,687 Nevada King anticipates drilling up to 25,000 meters during 4,000m 6,000m 2023 with the primary focus being the Atlanta Gold Mine Project. 7,036m 8,000m 10,000m ATLANTA 30,000 • Resource Expansio
Slide 12: Atlanta Gold Mine
Atlanta Gold Mine In the midst of a high-grade oxide discovery with 30,000m of planned drilling Recently demonstrated 86.7% gold cyanide solubility TSX-V: NKG, OTCQX: NKGFF | 12
Slide 13: Atlanta Gold Mine
Atlanta Gold Mine Winnemucca Elko • Atlanta is a past producing, open-pit gold mine Battle located in SE Nevada. Mountain • Historic production (1975-1985) recovered 110,000 Reno oz Au and 800,000 oz Ag from 1.5M tons. Ely • Over 40,000m were drilled by Gold Fields, Kinross Gold, and Meadow Bay Gold
Slide 14: Excellent Access
Excellent EUREKA NEVADA UTAH Access ELY ATLANTA MINE County-maintained roads connect project to major highways, 93 providing year-round access. PIOCHE LAS VEGAS TSX-V: NKG, OTCQX: NKGFF | 14
Slide 15: Infrastructure & Permitting
Road to Pioche Geology Office Modular Crew Quarters Power Lines Infrastructure & Permitting Core Shack Road to Ely • Deeded 15-mile electrical power line is operational to the site with private substation. • Private water well and pipeline delivers ample water to project. • Modular building purchase
Slide 16: Pit Constrained Resource
Pit Constrained Resouce 62502 62502 • Current NI 43-101 compliant gold resource by Gustavson (2020) 57502 using a 0.35 g/t cut-off and 57502 $1,250/oz gold price. • This resource does not include 52502 102000N 101500N 101000N 100500N 100000N 99500N 99000N 98500N 98000N newly identified mineralizatio
Slide 17: Project Background
Project Background Nevada King acquired the Atlanta project from Meadow 1 Bay Gold in 2018 at a cost of roughly $1-million. As a past producer, Atlanta was generally considered a marginal 2 asset lacking critical tonnage with undetermined metallurgy. 3 Based on a geologic model lacking significant d
Slide 18: Discovery at Atlanta
Discovery at Atlanta AT21-003 9.1m of 8.26 g/t Au 560m north of the historic pit. New high-grade discovery made 560m north of the Atlanta Pit, significantly increasing the known Phase I, 2021 drilling found thick beds of high-grade oxide gold in extent of high-grade mineralization at Atlanta. the pi
Slide 19: A New Interpretation at Atlanta
A New Interpretation at Atlanta Prior explorers adhered to a model whereby high-grade gold Nevada King’s drilling identified step down structures along concentrated along a single 45 (degree) controlling vein fed the Atlanta Mine Fault Zone, a braided network of faults by a single fault. that provid
Slide 20: Phase II, 2022 - Highlight Holes
2022 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II, 2022 - Highlight Holes 2022 Previously Released Assay 2021 NK Drilled Hole Historical Drill Hole Fault Possible Addition to Resource Zone Based on Drilling The Phase II program set out to further delineate the high-grade gold concentrated Existing 43
Slide 21: Phase II, 2023 - Highlight Holes
2022 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II, 2023 - Highlight Holes 2022 Previously Released Assay 2021 NK Drilled Hole Historical Drill Hole Fault Possible Addition to Resource Zone Based on Drilling Existing 43-101 Resource Moving into 2023, the Phase II program is focused on fully understand
Slide 22: Section 22-5N
Section 22-5N CROSS SECTION 22-5N AT22HG-13 3.60 g/t Au / 82.3m ATLANTA GOLD PROJECT Including 10.0 g/t Au / 27.5m LINCOLN COUNTY, NV Including 17.6 g/t Au / 12.2m AT22RC-13 Including 32.7 g/t Au / 4.6m 0.99g/t Au / 19.8m AT21-41B Gold Mineralization >0.30 g/t Au Atl 1.17 g/t Au / 35m AT22RC-12 an 1
Slide 23: Section 22-6N
AR-27 0.73 g/t Au / 99.1m Section 22-6N AC-4 AT22HG-16 1.32 g/t Au / 56.4m 2.98 g/t Au / 7.6m and 1.38 g/t Au / 96m AT22HG-19 1.92 g/t Au / 77.7m AT22HG-17 W 0.92 g/t Au / 165.5m AT22NS-68 4.03 g/t Au / 29m CROSS 2050m SECTION 22-6N E KR98-9 AT21-50A ATLANTA GOLD PROJECT 1.01 g/t Au / 36.6m LINCOLN
Slide 24: Target Areas
2022 DRILL MAP-PIT AREA 2 ATLANTA PROJECT North Extension Target Target Areas 2022 Previously Released Assay 2021 NK Drilled Hole Historical Drill Hole • The northward extension of the AMFZ Fault projects into a covered area that was Possible Addition to Resource Zone Based on Drilling historically
Slide 25: Cyanide Solubility Testing
Cyanide Solubility Testing OUTLINE OF 2020 GUSTAVSON PIT-CONSTRAINED • Gold cyanide solubility demonstrated a weighted average of 86.7% across RESOURCE PERIMETER OF HISTORICAL 986 drill samples. ATLANTA OPEN PIT • Samples analysed were widely distributed, with over half coming from outside the histo
Slide 26: Significant Silver Intercepts
Significant Silver East Atlanta Fa Atla Intercepts nta Kin gF ult au lt AT21-14 West Atlanta Fault AT21-66 32.2 g/t Ag / 56.3m 36.3 g/t Ag / 24.4m • Atlanta historically produced approximately 110,000 2.62 g/t Au / 54.9m 0.35 g/t Au / 24.4m ounces of gold and 800,000 ounces of silver from AT21-65 AT
Slide 27: The Value of an Oxide Gold Deposit in Nevada
The Value of an Oxide Gold Deposit in Nevada VALUE DEPOSIT GRADE YEAR COMPANY PROJECT M oz. ACQUIRER ($USD) SIZE g/t ACQUIRED M&I 1.40 2.36 Fronteer Gold Inc. Long Canyon $2.3B 2011 Newmont Mining Corp. 1 Inferred 0.80 2.24 M&I 3.66 0.77 Corvus Gold Inc. Mother Lode/North Bullfrog $370M 2021 AngloGo
Slide 28: Advancing the Atlanta Gold Mine
Advancing the Atlanta Gold Mine Nevada King is rapidly advancing Atlanta as a high-grade and shallow oxide gold system. Comprehensive metallurgical testwork is underway aimed at designing a production flowsheet. With multiple gold targets, 2023 drilling will continue to test new and open zones of mi
Slide 29: Share structure
Share structure Shares Outstanding 278,574,976 15.5% Collin Kettell 5% Options Board & Management 22,710,000 33% Fully Diluted Shares Outstanding 301,284,976 Next 10 Largest Shareholders Cash $8.5M (CAD) 46.5% Others TSX-V: NKG, OTCQX: NKGFF | 29
Slide 30: Protecting Shareholders by Minimizing Dilution
Protecting Shareholders by Minimizing Dilution NO WARRANTS ISSUED, EVER. SIGNIFICANT INSIDER PARTICIPATION. NO FEES PAID ON LAST 3 FINANCINGS. $3.6M @ $0.60 (Strategic Investor) Intercepts 82.3m of 3.6 g/t Au $610K Insider Buying @ $0.37 including 4.6m averaging 32.47 g/t Au $18M @ $0.55 Collin Kett
Slide 31: Collin Kettell
Collin Kettell Founder & CEO collin@nevadaking.ca nevadaking.ca T S X-V : N KG | OTCQX : N KG F F TSX-V: NKG, OTCQX: NKGFF | 31
Slide 32: Nevada King Property Portfolio
WINNEMUCCA IRON POINT 4 ELKO BATTLE MOUNTAIN LEWIS 3 BUFFALO VALLEY 5 6 HILLTOP SOUTH 7 CRESCENT VALLEY HORSE 2 MTN.-MILL CREEK 8 CARICO LAKE NEVADA KING 10 EVANA KOBEH VALLEY 9 RENO NV FLUORSPAR 11 PROPERTY PANCAKE SOUTH PROJECT 12 PORTFOLIO ATLANTA GOLD MINE 1 TSX-V: NKG, OTCQX: NKGFF | 32
Slide 33: Lewis Project
Lewis Project TSX-V: NKG, OTCQX: NKGFF | 33
Slide 34: Lewis Project
Deep Star Mine LEWIS PROJECT Lantern Mine Carlin Mine Lewis Project Gold Lone Tree Quarry Marigold Mine Fortitude BM Complex Phoenix McCoy/Cove Pipeline Cortez • Adjacent to and on trend with Nevada Gold Mine’s Hilltop gold deposit (reported 2M oz Au @ 0.875 g/t). • Underground production during 188
Slide 35: 2021 Lewis Drilling Highlights
2021 Lewis ROCKY CYN. HISTORICAL RESOURCE 002 005 A 001 016 Drilling Highlights 010 013 014 004 018 017 003 008 007 015 006 012 SOUTH ROCKY 009 CYN. TARGET A' RECORD 011 TARGET LEWIS PROJECT PLAN MAP The 2021 drill program substantiated historical drill results 2021 Drill hole CELESTINE O'NEAL withi
Slide 36: Goals of the 2022 Lewis Drill Program
Goals of the 2022 Lewis Drill Program • Drilling commenced on August 25, 2022, and will consist of 25 priority RC holes averaging 180m in depth. Placement of 19 secondary holes will depend in large part on assay results from the RECORD TARGET first-pass priority drilling (see Figure). CONFIRM HISTOR
Slide 37: Iron Point
Iron Point TSX-V: NKG, OTCQX: NKGFF | 37
Slide 38: Iron Point Overview
Iron Point Tuscarora Twin Creeks Jerritt Canyon Gethchell - Turquoise Ridge Midas Overview Pinson Prebble North Carlin - Goldstrike Ca IRON POINT r lin Tr end Lonetree-Stonehouse en • Project lies at the intersection of the Gold Quarry - Mike d l Tr Marigold prolific Battle Mountain-Cortez and l che
Slide 39: Goals of the 2022 Iron Point Drill Program
Goals of the 2022 Iron Point Drill Program • The Company conducted a deep-drilling program at Iron Point during 2022. Results are pending. • ‘Four holes were drilled along the Range Front Zone (“RFZ”) to follow up on results of the 2019 deep drill program. IP22-003 and IP22-004 are 350m stepouts to
Slide 40: Iron Point Drill Map
LAND OWNERS Nevada King Claims Iron Point Drill Map Nevada King Patented Claims Other Private Lands Location of 18 Scout Drill Holes 2022 Planned Deep Drilling Program A A’ 2019 Deep Drilling Program CH-IP88-03 Fairway Zone VM-008C 7.62m @ 1.59 g/t Au 5.8m @ 0.17 g/t Au Range Front Zone (RFZ) from 3
Slide 41: Horse Mtn - Mill Creek
Horse Mtn - Mill Creek TSX-V: NKG, OTCQX: NKGFF | 41
Slide 42: Horse Mtn - Mill Creek Gold Project
Pipeline Mine HORSE MTN - MILL 22M oz CREEK GOLD PROJECT E 13km LOWER PLATE TARGET WITH HIGH-GRADE HISTORIC HITS BY BARRICK POTENTIAL DEPOSIT TYPE: Pipeline (22M oz Au) 7km W • Adjoins active Nevada Gold Mines gold exploration project on north and Cove/McCoy Mine south sides, and widespread historic
Slide 43: Golconda Summit Gold Project and Other Projects
GOLCONDA BUFFALO HILLTOP CRESCENT SUMMIT GOLD VALLEY GOLD SOUTH VALLEY AU PROJECT PROJECT PROJECT PROJECT Potential deposit types include Potential deposit types include Potential deposit types include Potential deposit type is a quartz vein Pinson (2.9M oz Au), Twin Creeks Marigold (5.3M oz Au) and
Slide 44: Cedars Carico Lake Gold Project and Others
CEDARS KOBEH EVANA GOLD CARICO LAKE VALLEY GOLD & VANADIUM GOLD PROJECT PROJECT PROJECT Potential deposit types include Cortez Potential deposit types include Lower Plate Potential deposit types (17M oz Au), Marigold (5.3M oz Au ), replacement deposits (aka Carlin type) include Iron Point Vanadium (
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