Nevada King Gold Corp · TSXV:NKG
Nevada King Gold — Investor Presentation (September 2023)
42 slides from Nevada King Gold's investor presentation, September 2023
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 2023 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: Consistent High-Grade Oxide Results at Atlanta
Consistent High-Grade Oxide Results at Atlanta ATLANTA HIGHLIGHT INTERVAL OXIDE DATE RELEASED 114.3m of 1.74 g/t Au August 22, 2023 100.6m of 3.39 g/t Au July 21, 2023 70.1m of 3.18 g/t Au May 23, 2023 33.5m of 2.35 g/t Au + 363 g/t Ag April 20, 2023 47.3m of 2.16 g/t Au + 140 g/t Ag April 13, 2023
Slide 5: Experienced Management & Board
Experienced Management & Board MANAGEMENT INDEPENDENT DIRECTORS Paul Matysek, M.Sc. Founder & Executive Chairman Craig Roberts, P.Eng. Serial entrepreneur, geochemist and geologist with 40+ years experience in mining. Mining engineer with over 30+ years of Since 2004, as CEO or Chairman, Mr. Matysek
Slide 6: With A Proven Track Record
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. Hayden Smith, B.Sc. Geo. Chief Technical Advisor Project Geologist, Atlanta 40+ years experience in mining industry, including 28 years with Newmont Graduated from the University of Utah with a BSc in Geology. Exploration geologist from 1988-2015. Proven t
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: 2023 Drill Plan
METERS DRILLED ON NEVADA KING PROPERTIES 2019 2020 2021 2022 2023 2023 Drill Plan 0m 1,876m 2,687m 5,000m 7,036m Nevada King anticipates drilling up to 40,000 meters during 2023 with the exclusive focus on the Atlanta Gold Mine Project. 10,000m 15,000m ATLANTA 40,000 • Resource Expansion • Continue
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 just 38 52502 102000N 101500N 101000N 100500N 100000N 99500N 99000N 98500N 98000N 52502 holes (mostly angle h
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 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 Atlanta Pit, significantly increasing the known Phase I, 2021 drilling found thick beds of high-grade oxide gold in extent of high-grade mineralization at Atlanta. the pi
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, 2022 - Highlight Holes
2023 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II, 2022 - Highlight Holes Phase II Previously Released Assay NORTH Phase I NK Drill Hole EXTENSION Historical Drill Hole TARGET Fault Target Area Perimeter of Historical 4 Atlanta Open Pit The Phase II program set out to further delineate the high-grade
Slide 21: Phase II, 2023 - Highlight Holes
2023 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II, 2023 - Highlight Holes Phase II Previously Released Assay NORTH Phase I NK Drill Hole EXTENSION Historical Drill Hole TARGET Fault Target Area Perimeter of Historical 4 Atlanta Open Pit Moving into 2023, the Phase II program is focused on fully under
Slide 22: Phase II, 2023 - Highlight Holes
2023 DRILL MAP-PIT AREA ATLANTA PROJECT Phase II, 2023 - Highlight Holes Phase II Previously Released Assay NORTH Phase I NK Drill Hole EXTENSION Historical Drill Hole TARGET Fault Target Area Perimeter of Historical 4 Atlanta Open Pit MINERALIZED ZONES & TARGETS 1 Atlanta Mine Fault Zone 2 West Atl
Slide 23: Section 22-9N
Section 22-9N KR97-4 0.85 g/t Au / 27.4m KR97-3 0.97 g/t Au / 24.4m AT21-63 2023 DRILL MAP-PIT AREA KR97-2 3.95 g/t Au / 41.2m ATLANTA PROJECT 1.79 g/t Au / 25.9m Phase II Assay Released Today AT22NS-59 Phase II Previously Released Assay AT22NS-87 2.65 g/t Au / 50.3m Phase I NK Drill Hole Historical
Slide 24: Section 22-5N(2)
ARC-1 ARC-2 AT22HG-9 2.1 g/t Au / 4.6m Section 22-5N(2) AT22HG-16 2.98 g/t Au / 7.6m And 1.38 g/t Au / 96.0m Section 5N Phase II Released Assay Includes 9.16 g/t Au / 3.0m KR98-1 AT22HG-13 3.60 g/t Au / 82.3m 2023 DRILL MAP-PIT AREA KR98-3 Includes 9.92 g/t Au / 27.4m ATLANTA PROJECT AR-18 Includes
Slide 25: Target Areas
2023 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 26: Cyanide Solubility Testing
Cyanide Solubility Testing • 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 27: The Value of an Oxide Gold Deposit in Nevada
The Value of an Oxide The current resource on Atlanta does not include ~35,000m 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 28: Advancing the Atlanta Gold Mine
Advancing the Atlanta Gold Mine Nevada King is rapidly advancing Atlanta as a high-grade and shallow oxide gold system. Comprehensive metallurgical testwork is underway aimed at designing a production flowsheet. With multiple gold targets, 2023 drilling will continue to test new and open zones of mi
Slide 29: Share structure
Share structure Shares Outstanding 314,686,087 Options 22,935,000 15.5% Collin Kettell Fully Diluted Shares Outstanding 5% 337,621,087 Board & Management Cash $12.5M CAD 33% Next 10 Largest Shareholders Analyst Coverage Mike Niehuser mniehuser@roth.com 949.402.5336 46.5% ROTH: Target speculative buy
Slide 30: 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 | 30
Slide 31: 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 | 31
Slide 32: Lewis Project
Lewis Project TSX-V: NKG, OTCQX: NKGFF | 32
Slide 33: 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 34: 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 35: Goals of the 2022 Lewis Drill Program
Goals of the 2022 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 HISTOR
Slide 36: Iron Point
Iron Point TSX-V: NKG, OTCQX: NKGFF | 36
Slide 37: 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 38: 2022 Iron Point Drill Program
LAND OWNERS Nevada King Claims 2022 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
Slide 39: Horse Mtn - Mill Creek
Horse Mtn - Mill Creek TSX-V: NKG, OTCQX: NKGFF | 39
Slide 40: 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 41: 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 42: 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 (
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