Nevada King Gold Corp · TSXV:NKG
Nevada King Gold — Investor Presentation (May 2024)
45 slides from Nevada King Gold's investor presentation, May 2024
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 2024 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 11,244 oxide discovery at its 14,716 Atlanta Gold Mine Project. 12,
Slide 4: High-Grade Oxide Results at Atlanta
High-Grade Oxide Results at Atlanta Since inception of its Phase II drill program in June of 2022, Nevada King has consistently released high-grade gold and silver intercepts over significant thicknesses. ATLANTA HIGHLIGHT INTERVAL OXIDE DATE RELEASED 86.3m of 4.51 g/t Au Apr 3, 2024 41.1m of 6.05 g
Slide 5: Experienced Management & Board
Experienced Management & Board MANAGEMENT INDEPENDENT DIRECTORS Paul Matysek, M.Sc. Founder & Executive Chairman Craig Roberts, Serial entrepreneur, geochemist and geologist with 40+ years experience in mining. P.Eng. (Retired) Since 2004, as CEO or Chairman, Mr. Matysek has sold six publicly listed
Slide 6: Past Exits by Management
With 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 $3.5-billion, with hundreds of millions of dollars raised. PAST EXITS BY MANAGEMENT COMPANY ACQUIRED BY YEAR AMOUNT ($CAD) Gold X Mining Corp. Gra
Slide 7: Technical Team
Technical Team Lewis Teal, M.Sc., B.Sc. Geo. Geoff Sterling Chief Technical Advisor Project Manager, Iron Point 40+ years experience in mining industry, including 28 years with Newmont Economic geologist with 12+ years of exploration experience, mainly related to gold from 1988-2015. Proven track re
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: Drill Plan
METERS DRILLED ON NEVADA KING PROPERTIES 2019 2020 2021 2022 2023 2024 0m 2024 Drill Plan 1,876m 2,687m 7,036m 5,000m Nevada King anticipates drilling up to 10,000m 30,000 meters during 2024 with exclusive focus on the Atlanta Gold Mine Project. 15,000m 22,900m 20,000m ATLANTA GOLD MINE 25,000m slid
Slide 12: Atlanta Gold Mine
Atlanta Gold Mine Nevada’s newest high-grade oxide discovery. 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 is based on 52502 102000N 101500N 101000N 100500N 100000N 99500N 99000N 98500N 98000N approximately 75 holes 52502 102000
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 Phase I, 2021 drilling found thick beds of high-grade oxide gold in the pit, which was previously undrilled. It also identified high-grade gold 560m north of the pit. 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 Atl
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 - Highlight Holes
2024 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II - Highlight Holes Phase II Previously Released Assay Phase I NK Drill Hole Historical Drill Hole Fault Target Area 4 Perimeter of Historical Atlanta Open Pit The Company launched a 60,000m Phase II program to further delineate high-grade gold MINERALI
Slide 21: Phase II - Highlight Holes
2024 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II - Highlight Holes Phase II Previously Released Assay Phase I NK Drill Hole Historical Drill Hole Fault Target Area 4 Perimeter of Historical Atlanta Open Pit Note the cluster of high-grade holes in the Northwest portion of the resource zone, as well a
Slide 22: Phase II - Highlight Holes
2024 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II - Highlight Holes Phase II Previously Released Assay Phase I NK Drill Hole Historical Drill Hole Fault Target Area 4 Perimeter of Historical Atlanta Open Pit In October 2023, the Company released a bonanza grade interval in AT23WS-44, opening up MINER
Slide 23: Section 22-5N(3)
AT22NS-82 2.71 g/t Au / 25.9m ARC-5 AT22NS-80 Section 22-5N(3) 2.97 g/t Au / 71.6m 1.37 g/t Au / 48.8m ARC-1 AT22NS-69 Section 5N Phase II Released Assay 2.11 g/t Au / 113.4m 1.57 g/t Au / 45.7m AR-18 AT22HG-13 0.53 g/t Au / 36.6m 3.60 g/t Au / 82.3m AT21-41B 2024 DRILL MAP-PIT AREA ATLANTA PROJECT
Slide 24: Discovery of a Bonanza Grade Jewelry Box
Discovery of a Bonanza Grade Jewelry Box In October 2022, the Company announced a bonanza grade oxide gold intercept with 11.64 g/t Au over 108.3M, including 37.16 g/t Au over 29M. SILTSTONE AT23WS-20 AT23WS-44 AT23WS-5C CONCEPTUAL ATLANTA • The Company’s new "JEWELRY BOX" MODEL geological model Sil
Slide 25: Multiple Jewelry Box Model at Atlanta
nta King Fault st Atlanta Fault t Atla t Atla AT23WS-44 nta F nta #1 Fault 11.64 g/t Au over 108.2m AT23NS-133F Including 37.16 g/t Au over 29.0m ault 6.55 g/t Au over 82.3m Including 26.71 g/t Au over 12.2m Eas Multiple Jewelry t SECTION # West Atlanta #2 Fault W 1 Fau 22-11N Ea e st st Atl lt At a
Slide 26: South Quartzite Ridge Target
Fault WEST ATLANTA GRABEN Historical South Quartzite Pit tlanta #2 AT23HG-34 AMFZ 2.15 g/t Au / 96.0m West A Ridge Target Includes 4.50 g/t Au / 27.4m AT22NS-83T AT22RC-18 SECTION22-06N AT22RC-17 AT22NS-81T 5N CSAMT L10 SECTION22-0 lt au uthF So N • Mineralization at Atlanta remains wide SECTION22-0
Slide 27: District Scale Targeting
District Scale Targeting • Three major exploration targets have been identified on the larger Atlanta property – the Western Knolls, South Quartzite Ridge, Crossroads and Crossroads Targets. Target Claim Map • The Company is currently Atlanta Gold Project completing close-spaced Perimeter Lincoln Co
Slide 28: Target Areas
2024 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II Released Assay Target Areas Phase I NK Drill Hole Historical Drill Hole Fault Target Area Perimeter of Historical Atlanta Open Pit MINERALIZED ZONES & TARGETS 1 Atlanta Mine Fault Zone 2 West Atlanta Graben Zone Atlanta Mine Fault Zone North Ext. Zone
Slide 29: Metallurgical Test Program
Metallurgical Test Program • Gold cyanide solubility demonstrated a weighted average of 86.7% across PERIMETER OF HISTORICAL 986 drill samples. ATLANTA OPEN PIT • Samples analysed were widely distributed, with over half coming from outside the historical Atlanta Mine open pit, extending up to 560m n
Slide 30: The Value of an Oxide Gold Deposit in Nevada
The Value of an Oxide The current resource on Atlanta does not include ~75,000m of Gold Deposit in Nevada drilling by Nevada King. Note the resource grade is significantly higher than the majority of other projects. VALUE DEPOSIT GRADE YEAR COMPANY PROJECT M oz. ACQUIRER ($USD) SIZE g/t ACQUIRED M&I
Slide 31: Advancing the Atlanta Gold Mine
Advancing the Atlanta Gold Mine Nevada King is rapidly Comprehensive metallurgical advancing Atlanta as a testwork is underway aimed high-grade and shallow at designing a production oxide gold system. flowsheet. With multiple gold targets, This is supported by a well 2024 drilling will continue fund
Slide 32: Share structure
Share structure 18% 2% Shares Outstanding Keith Collin Kettell Neumeyer 343,482,944 Options 5% Board & 17,335,000 Management Fully Diluted Shares Outstanding 15% 360,817,944 Michael Parker* Analyst Coverage 20% 40% Next 10 Largest Mike Niehuser Others Shareholders mniehuser@roth.com 949.402.5336 ROT
Slide 33: 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 | 33
Slide 34: 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 | 34
Slide 35: Lewis Project
Lewis Project TSX-V: NKG, OTCQX: NKGFF | 35
Slide 36: 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 37: 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 Phase II CELESTINE O'NEAL within the C
Slide 38: Goals of the Lewis Drill Program
Goals of the 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 HISTORICAL
Slide 39: Iron Point
Iron Point TSX-V: NKG, OTCQX: NKGFF | 39
Slide 40: 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 41: Iron Point Drill Program
LAND OWNERS Nevada King Claims Iron Point Nevada King Patented Claims Other Private Lands Location of 18 Scout Drill Holes Drill Program 2022 Phase II Drill Hole 2019 Phase I Drill Hole Fairway Zone Range Front Zone (RFZ) Range Front Fault Zone Roads N 0 600 1,200 Phase II drilling successfully inte
Slide 42: Horse Mtn - Mill Creek
Horse Mtn - Mill Creek TSX-V: NKG, OTCQX: NKGFF | 42
Slide 43: 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 44: 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 45: Cedars Carico Lake Gold Project and Other Projects
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 (