G50 Corp Limited · ASX:G50
G50 — Merger or Acquisition (November 2022)
17 slides from G50's merger presentation, Nov 9, 2022
Slide 1: Gold Exploration in Arizona and Nevada
GOLD EXPLORATION IN ARIZONA AND NEVADA White Caps, Nevada - Acquisition | November 2022 ASX:G50 | gold50.com
Slide 2: Important Notices
IMPORTANT NOTICES DISCLAIMER This presentation and information contained in it is being provided to shareholders and investors for information purposes only. Shareholders and investors should undertake their own evaluation of the information and otherwise contact their professional advisers in the e
Slide 3: Why Arizona & Nevada
WHY ARIZONA & NEVADA • Nevada and the Great Basin has produced 170 Moz of gold in the last 25 years, with an average of 4.5 Moz mined each and every year, ~5% of the world’s gold production White Caps • Yet relatively underexplored - Massive discovery potential within Walker Lane Trend stands out wi
Slide 4: White Caps, Nevada: Poorly Explored Carlin-Style Gold System
WHITE CAPS, NEVADA POORLY EXPLORED CARLIN–STYLE GOLD SYSTEM • Unique opportunity to secure a poorly tested Carlin-style gold system • Located 15 km from Kinross’ Round Mountain (3 Moz reserve) that has produced 15 Moz gold to date • High-grade White Caps Mine produced >125,000 oz at circa 30g/t gold
Slide 5: White Caps, Nevada: Poorly Explored Carlin-Style Gold System
WHITE CAPS, NEVADA POORLY EXPLORED CARLIN – STYLE GOLD SYSTEM • Excellent potential within 10 km2 Project area containing 28 patented and 74 unpatented mining claims • Gold is associated with arsenic, antimony and mercury (typical of Carlin- style gold deposits) • Mining and exploration to date has
Slide 6: White Caps, Nevada: Acquisition Terms
WHITE CAPS, NEVADA ACQUISITION TERMS Payment to Vendors (US$’s) Milestone US$0.50 million Signing of agreement Mineral Resource Estimate of 250,000 ounces of gold US$1.50 million at a grade of at least 2.5g/t gold US$5.25 million Decision to mine US$2.75 million Commencement of mining US$10.0 millio
Slide 7: White Caps, Nevada: Exploration Targets
WHITE CAPS, NEVADA EXPLORATION TARGETS* Oblique Long Section of Exploration Targets Exploration Target 1 (shown in blue) is at open-pittable depths and is based primarily on historical drilling ranges from 110,000 to 290,000 ounces at grades ranging from 2.5 to 3g/t gold. Exploration Target 2 (shown
Slide 8: White Caps, Nevada: Exploration Targets
WHITE CAPS, NEVADA EXPLORATION TARGETS* Cross Sections of wireframes Exploration Target 1 (Top) and Exploration Target 2 (Bottom) White Caps Project Area with Drillhole Collars and Cross Section Locations * For further information, see Gold 50’s ASX announcement dated 9 November 2022 – “ Acquisition
Slide 9: Project Status
PROJECT STATUS GREENFIELDS BROWNFIELDS DEVELOPMENT ▪ Broken Hills ▪ Caisson ▪ Golconda ▪ Spitfire ▪ White Caps ▪ Top Gun 9
Slide 10: Next Steps
NEXT STEPS • Continuing to source, compile and evaluate historical data, including mine records and drillholes. • A first principles approach of initial tenement-wide exploration is being planned and is likely to include: o Geological mapping and rock chip sampling; o Soil sampling or auger/RAB dril
Slide 11: List of Tenements
List of Tenements Patented & Unpatented Mining Claims Located at the Nevada Manhattan Mining District, Nye County, Nevada Claims located in Sections 20,21, 22, 27, 28, 29, 30, 31, 32, 33 Township 8 North, Range 44 East 28 Patented Claims Claim Name Ownership* Parcel No. 6-14 1 Katie No.1 0% 2 Keysto
Slide 12: List of Tenements
List of Tenements Patented & Unpatented Mining Claims 74 Unpatented Claims Serial Number Ownership* Serial Number Ownership* NCM93111 TURTLE FRAC ACTIVE 0% NMC93116 LITTLE JOE #2 ACTIVE 0% NCM93113 GRANNY FRAC ACTIVE 0% NMC93118 LITTLE JOE #4 ACTIVE 0% NMC93144 YELLOW HORSE FRAC ACTIVE 0% NMC91320 L
Slide 13: Drill Hole Coordinates and Significant Intercepts
Drill Hole Coordinates and Significant Intercepts Note: Collar coordinates are on a local grid surveyed by GPS and a flat topography was assumed as no topographic data is available. Hole ID East (ft) North (ft) RL Azimuth Dip Total Depth (ft) Total Depth (m) From (ft) To (ft) From (m) To (m) Au (oz/
Slide 14: Drill Hole Coordinates and Significant Intercepts cont.
Drill Hole Coordinates and Significant Intercepts cont. Hole ID East (ft) North (ft) RL Azimuth Dip Total Depth (ft) Total Depth (m) From (ft) To (ft) From (m) To (m) Au (oz/st) Au (ppm) WC53 5260 6490 0 0 -90 405 123 0 405 0.0 123.4 0 0 415 420 126.5 128.0 0.284 8.0 WC54 5043 7179 0 0 -90 740 226 4
Slide 15: Competent Persons Statement
COMPETENT PERSONS STATEMENT Competent Persons Statement • The information in this report that relates to Exploration Results and an Exploration Target is based on information compiled by Ms Hollie Fursey who is a full-time employee of RPM Advisory Services Pty Ltd (“RPM") and a Registered Member of
Slide 16: Contact
CONTACT Mark Wallace Managing Director mwallace@gold50.com @Gold50_ This presentation has been approved for release by the Board of Gold 50. ASX:G50 | gold50.com 16
Slide 17: Appendix A: Carlin-Type Gold Deposits
APPENDIX A Carlin-Type Gold Deposits The Building Blocks of Carlin Type Deposits Nevada’s CTGDs contain 255 million ounces of gold, representing one of only six gold belts of this size in the world – how are they formed? Building Block #1 – Structure The rocks that host CTGDs are typically found clo