Slide 1: Tetlin Gold Project, Tok Mining District, Alaska
TETLIN GOLD PROJECT TOK MINING DISTRICT, ALASKA Contango ORE, Inc. March 17, 2017 1
Slide 2: Contango ORE, Inc. Disclaimer
CONTANGO ORE, INC. DISCLAIMER This presentation may contain forward-looking statements including, but not limited to, comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, in-situ valuations, mining costs, potential mineral recovery
Slide 3: Peak Gold, LLC
PEAK GOLD, LLC On January 8, 2015, Contango Ore and Royal Gold, Inc. formed a joint venture, Peak Gold, LLC through their wholly owned subsidiaries. Contango contributed its State of Alaska mining claims and its Tetlin Lease to the Joint Venture. Royal Gold would manage and operate continued e
Slide 4: Location
LOCATION Located in Eastern Interior Alaska on Alcan Hwy, 200 paved road miles from Fairbanks, 15 miles south of Tok All-season gravel road with power and communications in the Peak resource area, three large mines operating in the region Contango ORE, Inc. - Tetlin Project 4
Slide 5: Tetlin Land
45 miles TETLIN LAND Land includes 675,000 acres of fee simple land leased from Tetlin Village and approximately 167,000 acres of State mining claims owned by Peak Gold JV. 54 miles No previous exploration on Tetlin Village lands, an area measuring 45 miles E-W by 54 miles N-S. Multiple gold-b
Slide 6: Tetlin Regional Geology
TETLIN REGIONAL GEOLOGY Modified after Newberry et. al, 1998 Contango ORE, Inc. - Tetlin Project 6
Slide 7: Geology and Mineralization
GEOLOGY AND MINERALIZATION Host rocks are poly-metamorphosed Paleozoic calcareous schists in a largely psammitic schist basement disconformably overlain/intruded by local Tertiary volcanic/plutonic rocks 70 Ma mineralization occurs in chlorite-amphibole-rich distal skarn assemblages. No prograde
Slide 8: Gold in Soil Over Magnetics
TETLIN GOLD IN SOIL OVER MAGNETICS 4 miles 3.5 miles North Peak Zone West Peak Zone Contango ORE, Inc. - Tetlin Project 8
Slide 9: Cautionary Note to U.S. Investors
CAUTIONARY NOTE TO U.S. INVESTORS Note: The US Securities and Exchange Commission permits US listed mining companies to disclose in their SEC filings only information about "reserves," or that part of a mineral deposit which could be economically and legally extracted or produced. Contango ORE Inc.
Slide 10: Grade x Thickness: Main Peak - North Peak Zones
GRADE x THICKNESS: MAIN PEAK - NORTH PEAK ZONES North Peak West Peak East Peak 2013 Resource Main Peak Outline Contango ORE, Inc. - Tetlin Project 10
Slide 11: Tetlin Project Resources
TETLIN PROJECT RESOURCES (Resource from Contango ORE, December, 2013) Grade > Cut-off Cut-off Tonnes > Total Total (g/t) cut-off Au Ag Cu Au Eq Au Au-equiv Category (AuEq) (tonnes) (g/t) (g/t) (%) (g/t) Ounces Ounces Indicated 0.5 5,970,000 3.46 11.8 0.25 4.08 664,112 783,115 Inferred 0.5 3,850,000
Slide 12: Significant Intervals >200 GxT
SIGNIFICANT INTERVALS >200 GxT Zone Drill Hole From (meters) To (meters) Interval (meters) Au_gpt Au_gpt x Interval North Peak TET16235 14.50 53.38 38.88 51.62 2006.99 North Peak TET16271 24.08 41.20 17.12 51.89 888.36 Main Peak TET13062 88.90 153.70 64.80 13.10 848.88 Main Peak TET12018 85.34 143.8
Slide 13: Tetlin Project Drill Summary
TETLIN PROJECT DRILL SUMMARY Drilling advance rates include drilling + moves + down-time “Loaded” drilling costs include all drilling + all project labor, analytical, transportation, expendables, off-site support and G&A Most 2013 drilling was oriented core and included fly drilling which was
Slide 14: Tetlin Project Work Summary
TETLIN PROJECT WORK SUMMARY Core Stream Airborne Mag+EM Rock Soil Pan Con Core Geophys Trenchin Expenditures Year sample Sed (km) (not including samples samples samples (feet) (km) g (feet) (US$) s samples IP) 2009 0 958 33 94 11 0 0 2,330 639,429 0 2010 0 613 760 668 795 0 14 0 877,762 0 2011 1,267
Slide 15: Contango ORE Corporate Metrics
CONTANGO ORE CORPORATE METRICS CTGO: OTCQB As of March 17, 2017: Outstanding shares of common stock (which includes 198,998 shares of unvested restricted stock ): 4,903,766 Outstanding options: 307,000 Outstanding warrants: 580,999 Fully Diluted shares of common stock: 5,719,765 Float: 41% Stock pri
Slide 16: Tetlin Project Summary
TETLIN PROJECT SUMMARY Road accessible on stable, State of Alaska and fee simple lands. Current indicated resource averages +3 grams gold per tonne, is located at or near surface and is open to expansion. Multiple unexplored gold occurrences identified outside of the 100-acre Main Peak – North
Slide 17: Thank You
THANK YOU CTGO: OTCQB 17