Slide 1: Exploring in the Shadow of Headframes
TSX-V: CQR Exploring in the Shadow of Headframes Golden Rose Gold Mine Property an INTRODUCTION March 2019
Slide 2: Disclaimer and Forward Looking Statement
DISCLAIMER AND FORWARD LOOKING STATEMENT This document may contain certain forward-looking information which involves known and unknown risks and uncertainties. This forward-looking information included, or may be based upon, estimates, forecasts, and statements as to management’s expectations with
Slide 3: Management Team
www.conquestresources.net Conquest Resources Limited (Incorporated 1964) Management Team Directors and Officers John F. Kearney Chairman and Director Robert J. Kinloch President Gerald J. Gauthier Director Neil J.F. Steenberg Secretary and Director Peter Palframan Director Terence N. McKillen Direct
Slide 4: The 'Conquest' for Gold
www.conquestresources.net THE ‘CONQUEST’ FOR GOLD Emerald Lake Golden Rose Mine CQR – TSX.V CONQUEST Historic Renabie Minesite (est. 1,100,000 oz Gold historic production) CONQUEST (Smith Lake) 4
Slide 5: Conquest Assets
www.conquestresources.net Conquest Assets 1. Emerald Lake (Golden Rose Mine) • gold in banded iron formation (BIF) • former producing gold mine 2. Red Lake (Alexander) • Balmer Complex stratigraphy • gold within the mine sequence 2 3. Missinabie (Smith Lake) • adjacent to the Renabie mine • high gra
Slide 6: Conquest Resources – Property Assets
www.conquestresources.net Conquest Resources – Property Assets • Emerald Lake (Golden Rose Mine) ‒ Golden Rose (Au-Ag) Mine; produced 51,992 oz. of gold between 1915 and 1988; ‒ Located in Afton and Scholes townships, Sudbury Mining Division; ‒ Formerly held by Northern Nickel Mining Inc. (“Northern
Slide 7: Location of the Golden Rose Gold Mine
LOCATION OF THE GOLDEN ROSE GOLD MINE Thunder Bay Timmons Bear Island (First Nations) Great GOLDEN ROSE GOLD PROJECT Sudbury North Bay Lakes Toronto TSX-V: CQR 7
Slide 8: Acquisition of Golden Rose Property
ACQUISITION OF GOLDEN ROSE PROPERTY Acquired November 2017 • Offers excellent low-cost, high- grade gold exploration potential at a mine site • Offers property-wide exploration potential • Positive transformative acquisition for CQR of a former gold producer • Acquisition of the Golden Rose property
Slide 9: Discovery and History
DISCOVERY AND HISTORY • Gold discovered in 1897 • Golden Rose Mine has produced ~52,000 oz. Au o 1935-1941 (Cominco Ltd.) • Limited small production between 1916-1919 and 1986-1988 • 1941: Mine reported to have closed to support WW II Golden Rose Mine 1937 (looking east) • 2009-2011: additional dril
Slide 10: Mill Remains (2018)
MILL REMAINS (2018) Boiler remains and stone wall Boiler hood Concrete wall Wilfley table ? TSX-V: CQR 10
Slide 11: Property Description
PROPERTY DESCRIPTION • Conquest owns a 770 hectare land package located in Afton and Scholes townships situated in Golden Rose Sudbury Mining District Mine • four (4) contiguous mining leases Property Boundary and forty-seven (47) contiguous mining claim cells • all-season highway access to the Emer
Slide 12: Opportunity
OPPORTUNITY Exploration Opportunities 1. Mine Site ▪ Old Mine --- New Approach … ▪ exploration for extensions of known en echelon gold mineralization zones ▪ an area of past production but historical resources not exhausted 2. Property Scale ▪ exploration of folded BIF on the South Island and North
Slide 13: Mine Site Exploration (Con't)
MINE SITE EXPLORATION (CON’T) Opportunity No. 1 • Excellent infrastructure advantage • Golden Rose offers 120 years of history • 7 levels of mine access with shaft, winze, and ramp • Knowledge of mineralization • >5,700 m of drifting, crosscuts, and • 1,400 m-long access ramp raises with little work
Slide 14: Basic Geology
BASIC GEOLOGY Geological Sequence at the Mine Site (North BIF) OLDEST (North) • highly silicic quartz arenites and flow banded rhyolite • North Volcanics (andesitic pillowed and massive flows) • marker cherts/rhyolite • Banded Iron Formation (“BIF”), the mine’s gold host lithology • --------- intrus
Slide 15: Summary Findings from Mine Site
SUMMARY FINDINGS FROM MINE SITE • four (4) orientations of faults observed from drill core • zoned alteration (cal-sil-ep-chl-tourm-clin-ank-chl-py) • ten (10) identifiable vein morphologies • minor gold associated with Type 2 (bedding parallel) veins • majority of gold associated with Type 3 (low a
Slide 16: Textures & Alteration
TEXTURES & ALTERATION Centipede Alteration South Volcanic Unit Breccia Alteration Pyrite (Au) Comb Comb Laminated TSX-V: CQR 16
Slide 17: Geological Model
GEOLOGICAL MODEL = Old Workings (<1942) SHAFT Shaft Emerald Lake Emerald Lake 1986-19 88 Ram p Area of Development by 1987 NoramcoDevelopment Mining Corp. GR09-13 GR09-10 GR09-19 no drilling DDH GR09-07 GR09-20 under lake Target GR09-14 GR09-11 GR09-08 GR09-21 GR09-24 GR09-31 Core Zone Old Working (
Slide 18: Cross-Section (67+00 E)
CROSS-SECTION (67+00 E) Figure reconstructed after Emerald Lake Resources Inc., 1985) Golden Rose Mine TSX-V: CQR 18
Slide 19: 3D AutoCAD – Underground Workings
3D AUTOCAD – UNDERGROUND WORKINGS A West East B South North C East West A – longitudinal view of mine B – strike parallel view of mine C – oblique view of mine looking up - topography is in green - stopes are in blue - workings are in grey TSX-V: CQR 19
Slide 20: Drill Targets - Golden Rose Mine
DRILL TARGETS - GOLDEN ROSE MINE • Reinterpret pre-existing development and • The deepest mineralization mined was from above exploration data the 5th Level at 210 m vertical depth, • New targets represent previously yet mineralization extends deeper; unrecognized zones of en-echelon gold- (i e., 5.
Slide 21: Golden Rose Mine (Gold Finder 2009 drill highlights)
www.conquestresources.net Golden Rose Mine (Gold Finder 2009 drill highlights) Selected 2009 Drill Assay Results (30 holes, 6,717 m) DDH Number g/t Intercept (m) GR09-07 5.69 1.5 GR09-08 23.3 0.3 GR09-09 6.20 3 GR09-23 55 0.6 CQR – TSX.V GR09-29 171 1.83 CONQUEST GR09-32 9.58 3 GR09-33 1.25 8 includ
Slide 22: Golden Rose Mine (Gold Finder 2010 drill highlights)
www.conquestresources.net Golden Rose Mine (Gold Finder 2010 drill highlights) Gold Finders - Selected 2010 Drill Assay Results (7 holes, 2,204.4 m) DDH Number g/t Intercept (m) GR10-42 15.62 5.10 and 27.68 2.1 and 70.05 2.6 CQR – TSX.V including 543. 0.3 GR10-37 48.7 0.34 CONQUEST and 19.45 0.57 an
Slide 23: Golden Rose Mine (selected 2011 drill intercepts)
www.conquestresources.net Golden Rose Mine (selected 2011 drill intercepts) Gold Finders - Selected 2011 Drill Assay Results (2 holes, 625 m) DDH Number g/t Intercept (m) GR11-43 19.76 4.5 and 45.0 0.9 GR11-44 9.85 1.2 and 7.83 1.5 CQR – TSX.V CONQUEST VG 23
Slide 24: Property-Scale Exploration
PROPERTY-SCALE EXPLORATION • Opportunity No. 2 • Multiple horizon targets • Property Scale gold exploration in two • Good access across property along distinct underexplored iron formations logging roads and off-road trails • North Iron Formation – 4,000 m • Ideal structural setting of defined strik
Slide 25: Exploration Mapping – Con't
EXPLORATION MAPPING – CON’T MAPPING AND SAMPLING PROGRAM • Further evaluation of mine site surface geology • Northeast Property grid • Target geophysical areas • South Island BIF TSX-V: CQR 25
Slide 26: Regional Exploration – Con't
REGIONAL EXPLORATION – CON’T • DDH: ELK-87-3 encountered 7 metres of massive sulphide running 50-80% pyrrhotite (minor pyrite) • core sample assayed 0.115 oz./ton Au TSX-V: CQR 26
Slide 27: Property Exploration – Con't
PROPERTY EXPLORATION – CON’T VTEM GEOPHYSICAL RESULTS - GEOTECH AIRBORNE SURVEY • Results of geophysical program with interpretation report (July 03, 2018) • Eight (8) priority targets selected based on survey methodology • All targets lie relative close to surface • A drill program is being evaluat
Slide 28: Expanded Claim Position
EXPANDED CLAIM POSITION The Company now controls 3,980 hectares in six (6) exploration blocks Golden Rose Gold Mine TSX-V: CQR 28
Slide 29: Regional-Scale Exploration
REGIONAL-SCALE EXPLORATION Opportunity No. 3 • Regional scale polymetallics exploration at Emerald Lake Anomaly (aka. Temagami Anomaly) Emerald Lake Anomaly • The Emerald Lake Anomaly was discovered by Dr. N. Keevil Sr. in 1947 and to this day its origin remains unresolved notwithstanding a fine- Su
Slide 30: Sulphide Textures (New Event?)
SULPHIDE TEXTURES (NEW EVENT?) • sulphide fragments in younger South Volcanic Unit • magnetic pyrrhotite-chalcopyrite-?pentlandite mineralogy • suggests massive sulphide mineralization unrelated to Golden Rose po-cp-pn po-cp-pn po-cp-pn-py po-cp-pn TSX-V: CQR 30
Slide 31: Summary and Conclusions
SUMMARY AND CONCLUSIONS Exploration Priority • Relogging of selected drill core • Comprehensive collection of information • Generate a first-time 3D model of the and compilation of database at: mine geology • Mine site-scale • Property-scale • Regional-scale Airborne Geophysical Survey • Interpretat
Slide 32: Path to Discovery – Final Word
PATH TO DISCOVERY – FINAL WORD • Conquest is well positioned to explore for substantial mineralization • mineralization at the Golden Rose deposit is relatively well understood • vein structure and potential ore zones are predictable • additional mineral resources at the Golden Rose mine are highly
Slide 33: Thank You
TSX-V: CQR Thank You Paul K. Smith