Karus Mining Inc. · CSE:KARU
Karus Mining — Karus Gold — Investor Presentation (January 2021)
27 slides from Karus Mining's investor presentation, January 2021
Slide 1: Gold Exploration in BC's Cariboo Gold District
JANUARY 2021 G O L D E X P L O R AT I O N I N B C ’ S CARIBOO GOLD DISTRICT karusgold.com KARUSGOLD.COM
Slide 2: Forward Looking Statements
2 Forward Looking Statements This presentation contains “forward-looking statements”, within the meaning of Section 27A of the United States prices for fuel, steel, power, labour and other consumables, currency fluctuations, the speculative nature of gold Securities Act of 1933, as amended, Section
Slide 3: Overview
3 KARUS GOLD P U R E P L AY B C G O L D E X P L O R AT I O N Cariboo Gold district emerging as top destination for gold exploration Overview DISTRICT SCALE LAND POSITION 1,000 km square of claims, second largest after Osisko Development Corp P O R T F O L I O O F G O L D E X P L O R AT I O N Gold ex
Slide 4: Capital Structure
4 Capital Structure ALIGNED WITH SHAREHOLDERS Issued & Outstanding (basic) 53.1 M Warrants* (all Mr. Eric Sprott at $0.75 per share) 1.75 M KORE Mining Public Fully Diluted 54.9 M 47% Mgmt & Board 27% Market Capitalization Share Price (listing planned in H1 2021) n/a Market Cap (basic) n/a Eric Spro
Slide 5: Experienced Management & Board
5 5 Experienced Management & Board EXPERIENCE AC H I E V E M E N T S ROLES Executive Chairman and Founder Founder of KORE, Karus and Stronghold Silver. Exec. Chairman and Founder KORE MINING 15 YEARS JAMES HYNES, P.ENG in Mining Industry Entrepreneur who previously grew and sold several Advisory Boa
Slide 6: South Cariboo Gold District
KARUS GOLD South Cariboo Gold District MAKING NEW DISCOVERIES ON DISTRICT SCALE • Historic gold district with active placer mining industry and nearby copper mines • Road, power and labour nearby • Osisko Development Corp investing heavily in north of District near Barkerville • Karus controls South
Slide 7: The Cariboo
7 Cariboo Gold District 7 The Cariboo THE ORIGINAL BC GOLD DISTRICT • Source of the “Cariboo Gold Rush” (mid to late 1800’s) • Wagon road up Fraser River opened interior BC to development • Mined continuously for gold and copper ever since Barkerville, BC 1860’s Cariboo Wagon Road 1860’s Vancouver K
Slide 8: Cariboo Renaissance
ODC Cariboo Project 8 ( f o r m e r B a r k e r v i l l e ) M&I: 2.9Moz @ 4.7 g/t KARUS GOLD Inf: 2.5Moz @ 4.0 g/t Production Plan: 185 koz/yr Cariboo Renaissance OSISKO DEVELOPMENT CORP Osisko Dev Corp Leading Re-emergence • Infrastructure, roads and labour B o n a n z a L e d g e I I Quesnal M&I:
Slide 9: Karus Dominates the South Cariboo
OSISKO 9 DEVELOPMENT CORP Karus Dominates the South Cariboo • Dominant 1,000 km2 claim position ‐ 110 km of Eureka Thrust Trend associated w/ G O L D C R E E K gold mineralization KARUS GOLD • 100% KORE, low royalties1 Spanish Mountain Gold • Hosts advanced Gold Creek and FG Gold plus at least 5 oth
Slide 10: FG Gold Project
10 KARUS GOLD FG Gold Project LARGE SCALE ORGENIC GOLD OPPORTUNITY • Over 600 past drill holes and historic gold resource. • Highly successful 2020 drilling opened deposit to growth • 3.6 kilometers of mineralized trend open at depth • 20 kilometer trend open for exploration on-strike. KARUSGOLD.COM
Slide 11: FG Gold
11 FG Gold L A R G E S C A L E G O L D E X P L O R AT I O N • 20 km prospective trend (orange & red) ‐ Open downdip over regional scale (yellow) ‐ SW limb, Kusk and South Zones underexplored (orange) • Shallow orogenic gold deposit • Drilled as bulk disseminated deposit; it is not! NI43-101 Technica
Slide 12: Spring 2020 Drilling Exceeded Expectations
12 Spring 2020 Drilling Exceeded Expectations OBJECTIVE: Demonstrate Resource Upgrade Potential • 8 holes for 1,577 meters drilled Q2 2020 ‐ Wide diameter, oriented core providing better data • Defining structural controls of mineralization • Metallic screens upgrading traditional fire assays ‐ > 5.
Slide 13: 2020 Spring Program Highlight Results
13 2020 Spring Program Highlight Results Upper Zone intercepts Hole Width (m) Gold (g/t) Depth (m) 20-368 76.5 1.1 5.5 20-369 32.0 3.0 22.0 Upgrade Known 20-370 11.0 10.0 44.0 Mineralization 20-372 98.0 1.0 24.0 20-373 51.0 1.6 19.0 Lower Zone intercepts Hole Width (m) Gold (g/t) Depth (m) NI43-101
Slide 14: Summer 2020 Drilling
14 Summer 2020 6SULQJ'ULOO+ ROH Drilling OBJECTIVE: Grow Lower Zone Scale and Expand Upgrade Potential • 15 holes for 5,746 meters New Discovery • 10 of 14 holes intersect Lower Zone for 1,800 meters of strike tested ‐ Visible gold in 7 of 14 un-assayed holes 14 Holes ASSAYS ‐ Extended Lower Zone do
Slide 15: Underground Scale Potential
15 Underground Scale Potential LOWER ZONE • Hole FG-20-377 extended Lower Zone 215 meters downdip • Lower Zone now extends 330 meters downdip from historic drilling • Lower Zone increasing grade at depth FG-20-376 ASSAYS PENDING Assays Pending FG-20-377 NI43-101 Technical Report, “TECHNICAL REPORT O
Slide 16: FG Gold Potential on Strike
16 FG Gold Potential on Strike 14 holes ASSAYS PENDING • Lower Zone extends over 300 meters downdip - open • 10 more intercepts of Lower Zone (assays pending) • Huge potential untested by drilling KARUSGOLD.COM NI43-101 Technical Report, “TECHNICAL REPORT ON THE SOUTH CARIBOO PROPERTY, BRITISH COLUM
Slide 17: Gold Creek Project
17 KARUS GOLD Gold Creek Project O R G E N I C G O L D D I S C OV E RY • Shallow discovery adjacent to Spanish Mountain Gold. • Large gold-arsenic soil anomaly open for growth • Low elevation, road accessible exploration • 2020 expansion drill program results pending KARUSGOLD.COM
Slide 18: Gold Creek
18 Gold Creek Keithley E X P L O R AT I O N O P P O R T U N I T Y Creek Placer Mine • Located in the heart of a prolific gold and copper producing region Gold Creek • Discovery of Camp Zone in 2011, expansion in Claims 2017/18 Mineral Claims • Significant exploration upside due to open Producing end
Slide 19: Gold Creek Property Map
19 Gold Creek PROPERTY MAP KARUSGOLD.COM
Slide 20: Camp Zone Soil Anomalies
20 GOLD CREEK Camp Zone Soil Anomalies Gold Creek’s Camp Zone is located on-trend from Spanish Mountain’s gold project. GOLD IN SOIL ARSENIC IN SOIL KARUSGOLD.COM
Slide 21: Camp Zone – Shallow Gold Discovery
21 GOLD CREEK Camp Zone – Shallow Gold Discovery GC11-015 GC11-014 GC17-035 Hole Depth m Length m Grade g/t GC17-033 GC11-027 GC11-37 3.1 41 0.9 GC17-034 GC18-036 GC17-34 10 18 2.9 GC17-35 86 85 1.0 GC18-038 GC18-037 GC18-36 27 26 1.3 GC11-026 GC11-024 GC-18-39 171 9 5.9 GC18-039 KARUSGOLD.COM
Slide 22: Gold Creek Mineralization
22 Gold Creek M I N E R A L I Z AT I O N • Orogenic Gold deposit model • Gold in fault zones and fold hinges containing quartz vein stockwork • Geometry of structural controls on mineralization well understood • Ideal for open-pit mining with low strip ratio • Mineralization open laterally and at de
Slide 23: Gold Creek Geology
23 Gold Creek Geology CAMP ZONE • Faulting system controls distribution of gold • Greywacke is preferentially mineralized • 2017/18 drilling shows mineralization continuity • Mineralization is open to the southeast and southwest • Continued exploration will focus on expanding mineralization footprin
Slide 24: Aggressive Exploration Plans
24 Aggressive Exploration Plans 2021 MILESTONES Karus Activities Q1 Q2 Q3 Q4 14 FG Gold Holes 2020 Drill Results 5 Gold Creek Holes 2020 Drill Results Permitting 2021 Drilling (area) Drill Permits GC 2021 Drilling (2.5-5km) Drill Results FG 2021 Drilling (10-30km) Drill Results FG Soils and Geophysi
Slide 25: Corporate Social Responsibility
25 Corporate Social Responsibility H E A LT H & S A F E T Y Everyone safe, all the time COMMUNITY Committed to working together ENVIRONMENT Protecting our future together GOVERNANCE Conducting business ethically and in a transparent manner KARUSGOLD.COM
Slide 26: Summary
26 KARUS GOLD Summary 01 02 03 04 05 PURE PLAY BC GOLD DISTRICT SCALE PORTFOLIO OF GOLD MULTIPLE NEAR-TERM INSIDER ALIGNMENT EXPLORATION LAND POSITION IN OPPORTUNITIES CATALYSTS WITH SHAREHOLDERS CARIBOO REGION Cariboo Gold District Second largest land holder FG Gold Project & Gold Creek Drill resul
Slide 27: Contact Us
Contact Us I N V E S TO R R E L AT I O N S 1-888-455-7620 info@karusgold.com FOLLOW US KARUSGOLD.COM