Prosper Gold Corp. · TSXV:PGX
Prosper Gold — Investor Presentation (January 2022)
24 slides from Prosper Gold's investor presentation, Jan 6, 2022
Slide 1: Targeting the Next World-Class Discovery in Red Lake, Canada
Exploration Discovery Wealth PRESENTATION JANUARY 2022 Targeting the Next World-Class Discovery in Red Lake, Canada TSX.V: PGX OTCQX: PGXFF FRA: 2QpA
Slide 2: Cautionary Statement
2 Cautionary Statement This presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the Company’s continuous disclosure documents at www.sedar.com This presentation includes certain statements that constitute “forward
Slide 3: Team
3 Team Peter Bernier Mr. Peter Bernier has more than 40 years of experience in mineral exploration and project management. Most notably, Mr. Bernier jointly received the 2011 H.H. "Spud" Huestis Award from the Association of Mineral Exploration of British Columbia for Excellence in Prospecting and M
Slide 4: Capitalization Structure
4 Capitalization Structure Cash ~ C$2.1 M Shares (I/O) = 23,187,376 (as of January 6th, 2022) Options = 2,486,500 - weighted avg. $1.44 12.1% Management Ownership RSUs = 1,513,000 - redemption May 10, 2024 19.0% Institutional Ownership Warrants = 7,553,721 - weighted avg. $1.05 Shares (I/O) = 23,187
Slide 5: Red Lake District
5 Red Lake District “High-grade gold capital of the world” • World-class mining jurisdiction • Red Lake area currently seeing significant investment • 30 Moz historical gold production in Red Lake camp • 94% of 30 Moz was in close proximity to a regional unconformity
Slide 6: Golden Sidewalk Project
6 Golden Sidewalk Project Consolidated district-scale land package totaling 16,350 ha • Option to earn 100% in mineral claims and mining leases from Sabina Gold & Silver Corp. totaling ~3,000 ha • Prosper Gold staked and purchased mineral claims totaling ~13,350 ha (100%) Golden Sidewalk – Skinner O
Slide 7: Golden Sidewalk – Targets
7 Golden Sidewalk – Targets Widespread historical high-grade gold at surface (grab samples) Joe vein - 3,743 g/t gold KT vein - 187 g/t gold Bathurst Mine - 100 g/t gold Vihonen - 182 g/t gold Dunkin II - 73 g/t gold 46 g/t gold over 1.7 m in 2008 drilling (Bathurst Mine Trend) Regional targets iden
Slide 8: Red Lake Targeting Criteria
8 Red Lake Targeting Criteria Cochenour – Willans Mine Targeting criteria in Red Lake Red Lake Mining District 1. Proximity to unconformity Red Lake Mine Madsen Mine (within ~ 1,000m) Complex Howey – Hasaga Mine (past producer) Starratt-Olsen Mine Unconformity (past producer)
Slide 9: Red Lake Targeting Criteria
9 Red Lake Targeting Criteria Red Lake “Mine Trend” Targeting criteria in Red Campbell - Red Lake Deposit > 27 M ounces averaging 21 g/t gold Lake Mining District (past production & reserves) 1. Proximity to unconformity (within ~1,000 m) Cochenour Mine N 2. Favourable regional structural Campbell t
Slide 10: Red Lake Targeting Criteria
10 Red Lake Targeting Criteria Targeting criteria in Red Lake Mining District 1. Proximity to unconformity (within ~1,000 m) 2. Favourable regional High-grade gold ore structural trends (WNW) 3. Competency contrast
Slide 11: Red Lake Targeting Criteria
11 Red Lake Targeting Criteria Targeting criteria in Red Lake Mining District 1. Proximity to unconformity (within ~1,000 m) 2. Favourable regional structural trends (WNW) 3. Competency contrast 4. Biotite-ankerite alteration with arsenopyrite-gold mineralization
Slide 12: Red Lake Targeting Criteria
12 Red Lake Targeting Criteria Targeting criteria in Red Lake Mining District 1. Proximity to unconformity (within ~1,000 m) 2. Favourable regional structural trends (WNW) 3. Competency contrast 4. Biotite-ankerite alteration with arsenopyrite-gold Magnetite destruction mineralization 5. Magnetite d
Slide 13: Golden Sidewalk – Targeting
13 Golden Sidewalk –Targeting DD21GC010 – Strongly altered unconformity Golden Corridor Checking off the boxes: ✓ Proximity to unconformity ✓ Favourable WNW structural trend ✓ Competency contrast (mafic volcanics vs ultramafics) ✓ Widespread ankerite ± biotite alteration ✓ Arsenopyrite ± native gold
Slide 14: Golden Sidewalk – The "Corridor"
14 Golden Sidewalk – The “Corridor” Realizing the potential ✓ Coincident geophysical signatures ✓ Lineaments parallel to unconformity ✓ Ideal proximity to unconformity ✓ Anomalous pristine gold-in-tills “The Golden Corridor” • 7+ km prospective corridor • 7,000 m x 500 m till anomaly Highest priorit
Slide 15: Golden Sidewalk – Till Samples
15 Golden Sidewalk – Till Samples Significance of till sampling results at the Golden Corridor • 7,000 m x 500 m till anomaly • Open to east (towards “E-12” anomalous tills) Sample UC-13 – 882 grains, 110.8 g/t Au, 100% pristine Photomicrograph of gold grains from sample UC-13 • Unusually large size
Slide 16: Golden Corridor – 2021 Diamond Drilling
16 Golden Corridor – 2021 Diamond Drilling • 80 m to 300 m spaced drilling along 6 km of lineaments paralleling and proximal to unconformity • 21,103 metres in 66 drill holes Inset
Slide 17: Golden Corridor – 2021 Diamond Drilling
17 Golden Corridor – 2021 Diamond Drilling Phase 1 - Reconnaissance drilling (May 2021 to October 2021) DD21GC035 (51.4 to 52.2 m): Ankerite-biotite altered mafic volcanic with quartz-ankerite-biotite- arsenopyrite-native gold vein • 7.8 g/t Au over 0.8 m DD21GC023 (340.0 to 353.5 m): Quartz-ankerit
Slide 18: Golden Corridor – 2021 Diamond Drilling
18 Golden Corridor – 2021 Diamond Drilling Phase 1 - Reconnaissance drilling (May 2021 to October 2021) DD21GC020 (249.0 to 252.0 m): Silica-ankerite-pyrite altered mafic volcanic interbed within ultramafic unit • 2.03 g/t Au over 3.0 metres DD21GC030 (156.65 to 157.15 m): Quartz-ankerite-pyrite vei
Slide 19: Golden Corridor – Structural Intersection
19 Golden Corridor – Structural Intersection Where ENE structure approaches E-W structural corridor DD21GC035 (117.7 m): Arsenopyrite replacing pyrrhotite in silica-sericite altered mafic volcanics. ✓ Magnetite destruction ✓ Arsenopyrite ± native gold mineralization ✓ Silica-sericite alteration ✓ Fe
Slide 20: Golden Corridor – Magnetic low targeting
20 Golden Corridor – Magnetic low targeting Magnetite destruction delineates Area of mag destruction extent of carbonate alteration 3D Drone magnetic inversion modelling shows magnetite destruction at depth at primary target Area of mag destruction Area of mag destruction
Slide 21: Golden Corridor – 2021 Diamond Drilling
21 Golden Corridor – 2021 Diamond Drilling North Phase 2 Drilling Down on “the swamp” - higher angle to stratigraphy and to veins - able to target up dip / down dip
Slide 22: Golden Corridor – 2021 Diamond Drilling
22 Golden Corridor – 2021 Diamond Drilling North Phase 2 Drilling Down on “the swamp” True vein orientations - able to target up dip / down dip (optical televiewer survey) - higher angle to stratigraphy and to veins
Slide 23: Prosper Gold – Investment Highlights
23 Prosper Gold – Investment Highlights Team – Prior success in discovery and asset sale Market Cap - ~$15 M Treasury - $2.1 M Project - Golden Sidewalk ✓ Similar deposit style to Red Lake ✓ Ultramafic / mafic stratigraphy ✓ Arsenopyrite ± native gold mineralization ✓ Grade potential ✓ Large footpri
Slide 24: TSX.V: PGX
24 TSX.V: PGX OTCQX: PGXFF FRA: 2QpA Peter Bernier President & CEO (250) 316-6644 Pete@ProsperGoldCorp.com 3500 – 1055 Dunsmuir St. P.O. Box 49114 Vancouver, BC V7X 1H7 Office: (604) 564-9922 www.ProsperGoldCorp.com