Thunder Gold Corp. · TSXV:TGOL
Thunder Gold — Investor Presentation (April 2023)
24 slides from Thunder Gold's investor presentation, April 2023
Slide 1: The Right Project; The Right Time; The Right Team
The Right Project; The Right Time; The Right Team
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT Certain statements included in this presentation are forward-looking statements which are made pursuant to the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s
Slide 3: The Right Project
THE RIGHT PROJECT Tier One discovery potential: +10.0M oz Au resource; Minimal Technical, +500,000 oz Au annual production; 01 02 Environmental, and Social risks + 10-year mine life Premium location, world-class, year- Proven geophysical vectors reduce round access and infrastructure 03 04 explorati
Slide 4: The Right Time
THE RIGHT TIME 6% ROI for the past 20 years; Gold price appears poised to move higher; Gold equities are discounted at all time lows – a once in a lifetime opportunity; Gold demand continues to outstrip supply; RoW middle class transition will drive future gold performance; Most major gold producers
Slide 5: The Right Team
THE RIGHT TEAM 01 Issued and Outstanding 167,100,818 Management and Board of Directors 02 Options ($0.05 - $0.15 strike price) 14,150,000 Wes Hanson P.Geo., President, CEO and Director 0 3 Warrants ($0.06 - $0.18 strike price) 11,614,205 40 years of experience focused on the exploration, development
Slide 6: Location Access & Infrastructure
LOCATION ACCESS & INFRASTRUCTURE Located in the province of Ontario, a premium mining jurisdiction; 900 kms NW of Toronto, multiple direct flights from Toronto and Winnipeg daily; 50 kms west of Thunder Bay (pop. 115,000); Adjacent to the Trans-Canada Highway, Canadian National & Canadian Pacific ra
Slide 7: Geology & Mineralization
GEOLOGY & MINERALIZATION The engine for gold mineralization is interpreted to be the Tower Mountain Intrusive Complex (“TMIC “), a multi-phase alkalic intrusion measuring 3 x 2 kms; At least two phases of the TMIC are gold bearing; Low tenor gold mineralization is interpreted to surround the TMIC, e
Slide 8: Excellent Geophysical Vectors
EXCELLENT GEOPHYSICAL VECTORS AIRBORNE MAGNETICS – DEFINES THE TMIC INDUCED POLARIZATION – DEFINES INCREASED PYRITE TM23-138 2023 Phase One Drill Holes Thunder Gold Corp. TMX.V: TGOL , OTCQB: TGOLF , FRA: Z25 Q2-2023 Corporate Presentation 8
Slide 9: Bench Statistics
BENCH STATISTICS ALL 5.0m COMPOSITES ALL 5.0m COMPOSITES WITHIN HIGH CHARGEABLE IP TARGET Exploration Data analysis by Two Reds Consulting. Thunder Gold Corp. TMX.V: TGOL , OTCQB: TGOLF , FRA: Z25 Q2-2023 Corporate Presentation 9
Slide 10: TM23-138 demonstrates the Ellen Target
TM23-138 TM23-138 demonstrates the Ellen Target consistent- widespread low 7 holes ~25m spacing grade gold mineralization AVERAGE typical of Tower Mountain. 62.0m @ 0.942 g/t 2021 drilling at Ellen (~100 metres west) ; seven (7) close spaced holes (25 metre centers) that returned an average of 0.942
Slide 11: TM23-138 Assay Sheet
TM23-138 ASSAY SHEET From To Length Au g/t From To Length Au g/t From To Length Au g/t From To Length Au g/t 43 44 1 3.89 87.5 89 1.5 0.303 132 132.85 0.85 0.026 175.5 177 1.5 0.124 44 45.1 1.1 4.43 89 90 1 0.2 132.85 134 1.15 0.668 177 178.2 1.2 0.785 45.1 45.95 0.85 0.566 90 91.5 1.5 0.241 134 135
Slide 12: The Opportunity
THE OPPORTUNITY Over 10,000 metres of chargeable anomalies have been isolated with less than 50% of the claim area surveyed to date. NE2 NW1 QLJI Target (1000m x 200m) TB Target (850m x 250m) NE1 T-436 Target (250m x 200m) Ellen West Extension (250m x 100m) Partially drilled Q1 2023 – results pendin
Slide 13: Large Tonnage Low Grade Metrics
LARGE TONNAGE LOW GRADE METRICS Cut-off Grades - Operating Gold Mines Average Cut-Off Grades 0.60 The Table to the left presents published cut-off grades at 0.50 various large-tonnage, low-grade open pit gold mines. The average reserve cut-off grade is 0.35 g/t Au; 0.40 The average operating cut-off
Slide 14: Comparables
COMPARABLES LTLG Mines (O); Development Projects (D) and Exploration Projects (E) - Canada 2022 Large Tonnage – Low Grade (“LTLG”) 16.0 1.40 Detour Lake Mine (Operating) +700,000 oz Au per year Resource / Reserve Au Ounces (million) 14.0 1.20 • Reserve = 597.0 Mt averaging 0.82 g/t Au = 14.5 M oz Au
Slide 15: Tower Mountain Grade Distribution
TOWER MOUNTAIN GRADE DISTRIBUTION Tower Mountain ALL Samples Cut-Off Grades – Tower Mountain 4 3.588 120% At a 0.20 g/t cut-off grade the Tower Mountain dataset 3.5 3.410 averages 0.789 g/t Au from 29% of the population, 3.215 Average Grade above CO (Au g/t) 2.993 100% suggesting a theoretical 2.4:1
Slide 16: Is High Grade Still King?
IS HIGH GRADE STILL KING? All In Sustaining Cost per Au oz ($US) relative to Reserve Grade $2,000 18 All In Sustaining Cost (AISC) per ounnce $1,800 16 $1,600 14 “ Grade is king!” $1,400 12 $1,200 Au g/t 10 $1,000 8 In reality, predictability is preferred! $800 6 $600 $400 4 Macassa reserve grade =
Slide 17: Preliminary Metallurgy
PRELIMINARY METALLURGY Metallurgical Results – Tower Mountain • Representative half-core samples. • Standard bottle roll tests – 40% by weight in solution @ 1.0g NaCN/L solution; 72-hour test • Head grades ranged from 0.325 g/t to 3.599 g/t Au and averaged 1.124 g/t Au. • Recoveries ranged from a lo
Slide 18: What We Have Delivered
WHAT WE HAVE DELIVERED • Preliminary metallurgical testing : +90% recovery indicated; Bond Work Index ~ 20 W (kWh/tonne); ABA tailings indicated net neutralizing potential; • Doubled Induced Polarization Coverage Additional untested Chargeable anomalies identified; • Review of multi-element ICP data
Slide 19: H1 2023 Plan
H1 2023 PLAN EDA = Exploration Data Analysis IP Survey Complete Drill Program Petrography Complete Complete Jan Mar May H2-23 Phase 2 Phase 2 Petrography Interpretation Results Planning Financing EDA Target EDA EDA EDA Selection Feb Apr June Drill Program Start (3,500 metres) Thunder Gold Corp. TMX.
Slide 20: LTLG Comparables
LTLG COMPARABLES Market Capitalization : Measured, Indicated & Inferred Resources Resource-Reserve estimates sourced from the latest published Technical Reports available for each project as of February 10, 2023; except for DGC and RR All Market Capitalization based on TMX Money close as at February
Slide 21: Market Capitalization (C$ Million)
DRILLED METRES : TOTAL RESOURCE ALL data sourced from the latest published Technical Reports available for each project as of February 10, 2023; except for DGC and RR 1. All data sourced from the Detour Lake Feasibility Study, dated June 2010. 2. All data sourced from the Rainy River Feasibility Stu
Slide 22: Gold Resource per Drilled Meter
GOLD RESOURCE PER DRILLED METER 180 160 Sixteen (16) LTLG Comps – Canada and US 140 Minimum = 10 Au oz per metre drilled 120 Maximum = 156 Au oz per metre drilled Au ounces 100 Average = 35 Au oz per metre drilled 80 LTLG gold deposits require ~30,000 60 metres of drilling to define 1.0M oz. of 40 m
Slide 23: Five Year Plan
FIVE YEAR PLAN Conceptual 5 Year Plan - Annual Resource & Reserve Targets 2023 1.5 45,000 metres 2024 3.0 90,000 metres Conceptual Valuation 2025 6.0 180,000 metres Metrics (as per Slide 20 – LTLG Comparables ) 2026 6.0 6.0 Proven & Probable Reserves $80/ Au oz 2027 2.0 2.0 8.0 Measured & Indicated
Slide 24: Contacts
CONTACTS THUNDER GOLD CORPORATION 684 Squier Street, Thunder Bay, Ontario P7B 4A8 Wes Hanson, P.Geo., David Speck President and CEO CFO whanson@thundergoldcorp.com dspeck@thundergoldcorp.com +1 647-202-7686 +1-647-968-8369 Thunder Gold Corp. TMX.V: TGOL , OTCQB: TGOLF , FRA: Z25 Q2-2023 Corporate Pr