Thunder Gold Corp. · TSXV:TGOL
Thunder Gold — Investor Presentation (April 2024)
32 slides from Thunder Gold's investor presentation, April 2024
Slide 1: Right Project, Right Time, Right Team
Right Project Right Time 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: Executive Summary
EXECUTIVE SUMMARY Intrusion-Related Deposit Signature Large-tonnage, low-grade (“LTLG”) 01 02 Widespread, low-grade, gold mineralization established by +40,000 metres of drilling All necessary infrastructure is in-place Low drilling cost ($250 per metre Q1, 2023) 03 Tower 04 and publicly maintained
Slide 4: Location and Infrastructure
LOCATION AND INFRASTRUCTURE Ontario 48 km OVERVIEW Less than 50 km from Thunder Bay, Ontario (pop. +100,000) Thunder Bay offers: International Airport; Great Lakes Seaport; National Railway access Trans-Canada Highway Tower Mountain ("TM") lies within 3 km of road, rail and hydro. ~2,500 hectares 10
Slide 5: The Benefit of Infrastructure
THE BENEFIT OF INFRASTRUCTURE Critical Infrastructure Comparison to five (5) ACTIVE "LTLG" projects, in 1000 900 no set order: 800 700 kilometres 600 Moss Lake (GSHR) Ontario 500 Tower (ME) Ontario 400 300 Blackwater ((ARTG) British Columbia 200 Rogue (SGD) Yukon and 100 Springpole (FF) Ontario 0 Di
Slide 6: Regional Geology
REGIONAL GEOLOGY OVERVIEW Shebandowan Greenstone Belt (“SGB”) East Coldstream Shebandowan Mine Archean greenstone belt Coldstream Tower extends over 150 km from Mountain Thunder Bay Ontario to Moss Lake the Minnesota-Ont. border. (5.1 M oz Au) Former magmatic Ni-Cu- PGE mine (Shebandowan) and Cu-Ag-
Slide 7: Local Geology
LOCAL GEOLOGY P Target 25 samples across 100m length ~2,500 ha – 100% owned 6.0 g/t Au (average) Highest sample = 27.0 g/t Au 190 holes – 41,000 metres drilled Less than 40% of claim area is prospected Diamond drilling limited to 1,800-metre long x 500-metre wide corridor of brittle deformation para
Slide 8: Tower Mountain Selected Drill Results
TOWER MOUNTAIN SELECTED DRILL RESULTS UV Target (2002) UV Target (2002-2007) Feldspar Porphyry host Bench Target 2005-2011 Mixed syenite-volcanic host Ellen & A Target (2021-22) Mixed syenite-volcanic host 2023 drilling indicates P Target interpreted contact is BAE Target (2023) 27 rock samples inse
Slide 9: Mineralogy
MINERALOGY SUMMARY Gold is intimately associated with pyrite, occurring in two forms 1. As micron-scale inclusions within fine, micron disseminated and/or vein-hosted pyrite (A and B at left); 2. As micron to mm-scale grains hosted along fractures in pyrite within mm to cm-scale quartz- carbonate-to
Slide 10: Statistical Analysis
STATISTICAL ANALYSIS BENCH TARGET ALL 5.0m COMPOSITES BY BENCH -HIGH CHARGEABLE 5.0m LITHOLOGY COMPOSITES BY LITHOLOGY • To-date, gold mineralization is agnostic relative to lithology, alteration or any combination of these two observable features; • The ONLY observed correlation to-date is a direct
Slide 11: Proven Geophysical Vectors
PROVEN GEOPHYSICAL VECTORS MAGNETICS INDUCED POLARIZATION CHARGEABILITY • Accurately maps the intrusion, particularly the phases with elevated • Accurately maps elevated pyrite content; magnetite; • Pyrite directly correlates to gold; • Suggests faulted northern and southern boundaries YET to be dri
Slide 12: Deposit Paragenesis
DEPOSIT PARAGENESIS Deposition of Intermediate Volcanic Host Rocks TMIC Intrusion (multi-phase intrusion) Feldspar Porphyry Intrusion (gold bearing) Brittle Deformation (Hydrothermal Brecciation) Albite Alteration Carbonitization – Sericitization Biotite – Magnetite Chlorite – Epidote Quartz-Carbona
Slide 13: Grade Predictability
GRADE PREDICTABILITY SUMMARY TOWER MOUNTAIN DRILLING RESULTS (Composite data sorted randomly into equal bins) ALL COMPOSITES (5.0m) 190 holes 7,901 composites Avg. grade 0.307 g/t Au Avg. grade (capped) 0.242 g/t Au 110-UV TREND 154 holes (81%) 6,583 composites (83%) Avg. grade 0.346 g/t Au Avg. gra
Slide 14: 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 low
Slide 15: Great Bear's LP Fault Discovery
GREAT BEAR’S LP FAULT DISCOVERY Great Bear Resources’ LP Zone Reported Drill Results September 3, 2019 to April 4, 2021 30000 $25.00 MC = $977 M MC = $878 M Great Bear Resources Acquired by Kinross Gold in December 2021 for Cumulative Metal Factor (Au gram metres) 25000 C$ 1.8 Billion ($29.00 per sh
Slide 16: Comparison of Metal Factors
COMPARISON OF METAL FACTORS Comparison of Reported Metal Factor Results during Discovery Phase Great Bear’s LP Fault vs. Tower Mountain (300 entries) 250 TM Outlier Metal Factor: the product of reported grade multiplied Limit by the reported interval length Metal Factors for Great Bear’s LP Fault De
Slide 17: Cumulative Metal Factor Comparison
CUMULATIVE METAL FACTOR COMPARISON Cumulative Metal Factor Comparison Great Bear’s LP Zone vs. Thunder Gold’s Tower Mountain 10000 9000 Metal Factors for Great Bear’s LP Fault Deposit, Cumulative Metal Factor (Au gram metres) 8000 representing 80% of Kinross’ 2023 MRE for the Dixie Property, are tak
Slide 18: Cumulative Metal Factor Comparison
CUMULATIVE METAL FACTOR COMPARISON Cumulative Metal Factor Comparison 10000 9000 Comparison of Cumulative Metal Factor of Tower Mountain (“TM”) TGOL – Market Cumulative Metal Factor (Au gram metres) 8000 Capitalization (“MC”) = C$ 5.1 MM to Unnamed Company (“UC”) with a MC > C$800 MM. 7000 UC has a
Slide 19: District Comparables
DISTRICT COMPARABLES Cumulative Metal Factor (Uncapped) Cumulative Metal Factor (Capped) 6000 3000 Metal Factor (Au gram-metres) Metal Factor (Au gram-metres) 5000 2500 4000 2000 3000 1500 2000 1000 1000 500 0 0 1 11 21 31 41 51 61 71 81 1 11 21 31 41 51 61 71 81 Reported Intervals (Count) Reported
Slide 20: Comps - Physical Properties
COMPS - PHYSICAL PROPERTIES PHYSICAL COMPS (DEPOSIT) AVERAGE REPORTED GOLD GRADES 100 90 1.00 80 0.90 70 0.80 60 0.70 0.60 Au (g/t) 50 0.50 40 0.40 30 0.30 20 0.20 10 0.10 0 - Bond Work Index (kWh/t) Metallurgical Recovery (%) Average grade (g/t) Average grade (g/t) TGOL C1 C2 C3 C4 C5 TGOL C1 C2 C3
Slide 21: Comps - Market Valuation
COMPS - MARKET VALUATION CURRENT MINERAL RESOURCE ESTIMATES VALUATION COMPS 1400 14.00 1200 12.00 1000 Au (oz x 1,000.000) 10.00 800 8.00 600 6.00 400 4.00 200 2.00 0 Shares I/O (x1,000,000)) Market Cap ($ x1,000,000) - Total Mineral Resource TGOL C1 C2 C3 C4 C5 TGOL C1 C2 C3 C4 C5 Current Mineral R
Slide 22: All-In Sustaining Costs (AISC)
ALL-IN SUSTAINING COSTS (AISC) 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 $1,400 $1,200 12 Macassa reserve grade = 16.26 g/t Au 10 Macassa AISC (3 yr) = $887/oz Au g/t $1,000 8 $800 6 $600 $400 4 Brucejack r
Slide 23: High-Grade vs. Low-Grade
HIGH-GRADE vs. LOW-GRADE Detour Lake - Actual v. Predicted Gold Grade Detour Lake Yr. 1-6 (Q3, 2013 to Q2, 2019) Years 1 -6 Actual gold grades (Yr.1-6) were within + /- 15% of 1.10 predicted grades, well within industry accepted 1.00 feasibility study standards. 0.90 Au g/t Actual reported gold grad
Slide 24: 2024 Objectives
2024 OBJECTIVES Complete minimum C$2.0M financing: Phase One Drilling Program Eastern Intrusive Contact incl. P target (6.0 g/t Au) 1,800 m strike length 200 m section lines with 2 holes (500 m) per section) Target 100 and 200 m from surface Est. metres = 5,000 (est. 3-4 months) Complete minimum
Slide 25: Gold Resource per Metre-Drilled
GOLD RESOURCE PER METRE-DRILLED TOTAL GOLD IN RESOURCES (ALL CATEGORIES) PER METRE DRILLED 180 Sixteen (16) LTLG Comps: Canada and US 160 Minimum = 10 Au oz per metre-drilled 140 Maximum = 156 Au oz per metre-drilled 120 Average = 35 Au oz per metre-drilled (REF. Slide A3) Au ounces 100 80 LTLG gold
Slide 26: The Right Team
THE RIGHT TEAM 01 Issued and Outstanding 173,300,818 Management and Board of Directors 02 Options ($0.05 - $0.15 strike price) 9,025,000 Wes Hanson P.Geo., President, CEO & Director 0 3 Warrants ($0.06 - $0.12 strike price) 11,058,705 40 years of experience focused on the exploration, development, o
Slide 27: Executive Summary
EXECUTIVE SUMMARY Intrusion-Related Deposit Signature Large-tonnage, low-grade (“LTLG”) 01 02 Widespread, low-grade, gold mineralization established by +40,000 metres of drilling All necessary infrastructure is in place Low drilling cost ($250 per metre Q1, 2023) 03 Tower 04 and publicly maintained
Slide 28: Contacts
CONTACTS THUNDER GOLD CORPORATION 684 Squier Street, Thunder Bay, Ontario P7B 4A8 Wes Hanson, P.Geo. David Speck President & CEO CFO & Corporate Secretary whanson@thundergoldcorp.com dspeck@thundergoldcorp.com +1 647-202-7686 +1 647-968-8369 Visible gold in drill core – TM23-137 (941.0 g/t over 1.5
Slide 29: Appendices
APPENDICIES Tower Mountain Property Historical core library Thunder Gold Corp. (TSX.V: TGOL , OTCQB: TGOLF , FRA: Z25) Q1 2024 – Corporate Presentation
Slide 30: Comps – World - 2023
COMPS – WORLD - 2023 JUNIOR MINING HUB; REPORTED DRILL RESULTS (METAL FACTOR) Tower JAN 1 -DEC 31,2023 Mountain 10000 2004-2023 1000 Metal Factor (Au gram-metres) 90% of total population (317 data points) 100 10 1 0 100 200 300 400 500 600 700 800 900 Interval Count (#) Thunder Gold Corp. (TSX.V: TG
Slide 31: Large Tonnage, Low Grade Comps
LARGE TONNAGE, LOW GRADE COMPS 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
Slide 32: Market Capitalization: Drilled Metres vs Total Resource
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