Heritage Mining Ltd. · CSE:HML
Heritage Mining — IPO Roadshow (July 2022)
24 slides from Heritage Mining's IPO roadshow presentation, July 2022
Slide 1: Investor Presentation Q2 '22
Investor Presentation Q2 ‘22
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Final Prospectus A final prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in British Columbia, Ontario and Alberta. A copy of the final prospectus, and any amendment, is requir
Slide 3: Company Overview
COMPANY OVERVIEW Assets in a Mature Greenstone Belt; Goliath Gold Complex & Rainy River district Investment Rainy River – Dryden – Sioux Lookout Gold Trend Opportunity Well-Defined, Near-Term Drill Targets; +100yrs of exploration data compiled Precious and Base Metal Targets; advanced stage
Slide 4: Company Snapshot
COMPANY SNAPSHOT Management, Directors and Consultants, 22% Retail, 58% Ten Point Fund (14%) Couloir Capital (6%) Institutional, 20% Capital Structure Raise Information Date Shares Issued (M) Share Price (C$/Share) Proceeds (C$000) Founder Raise May 2020 2.67 0.0375 100 Private Equity Raise Aug 2020
Slide 5: BOD, Management & Technical Team
BOD, MANAGEMENT & TECHNICAL TEAM Peter Schloo, CPA, CA, CFA CEO, President & Director Director of Pacific Empire Minerals Corp., Previously CFO Patrick Sullivan of Spirit Banner Capital Corp. and VP Corp Dev. and Corporate Secretary Interim CFO for Ion Energy Ltd. Eight years of progressive Mining,
Slide 6: Strategic Geology Advisors
STRATEGIC GEOLOGY ADVISORS Mitchell Lavery, P.Geo Over 45 years experience in exploration and development of mining projects with a number of junior and major mining companies. Discovery of the North Zone at Bell Creek Gold Mine in Timmins, ON; the development and operation of the Joubie Gold Mine,
Slide 7: Regional Geologic Setting
REGIONAL GEOLOGIC SETTING Mature Greenstone Belt Drayton – Black Lake Project Along Strike of 4 Deposits Contact Bay Project H E R I T A G E M I N I N G 7
Slide 8: Drayton – Black Lake – Project Overview
Drayton – Black Lake – Project Overview Long History of Exploration and Discovery ADVANCED STAGE PROJECT Definitive Agreements signed Nov-2021 and Jan-2022 ~14,229Ha; Adjoins Treasury Metals’ Goliath Gold Complex Rainy River-Dryden-Sioux Lookout Gold District Property Significant exploration
Slide 9: Drayton – Black Lake – Exploration History
Drayton – Black Lake – Exploration History Rio Tinto, Wright-Hargreaves, Teck, Placer Dome, Cameco Year Operators Summary • Alcona Gold Mines Ltd • Abbot Red Lake Mines Ltd • Recovery, Mapping 1930-1950 • Alkenore Buffalo Gold Mines Ltd • Auralee Gold Mines • Drilling, Geophysical • McCombe Mining &
Slide 10: Drayton – Black Lake – Area
Drayton – Black Lake – Area Located in a Mature Gold Mining District with Excellent Infrastructure Four Mineralized Structural Zones: Drayton – Black Lake Project 1 1. 1 Moretti Zone Black Lake 2. 2 Split Lake Zone 2 *Ind: 0.07 Moz Au 3. 3 Shaft Zone 3 4 4. 4 Forster Zone Drayton *Ind: 0.94 Moz Au *
Slide 11: Drayton – Black Lake – Project Area
Drayton – Black Lake – Project Area Four Priority and Drill Ready Precious & Base Metal Structural Zones MORETTI ZONE • 18 Prospects • Polymetallic Veins and stockworks, visible gold Heritage Claims ~ 14,221Ha • Samples up to 1,214 g/t Au SPLIT LAKE ZONE • Multiple auriferous veins • 1991 – DDH 0.7m
Slide 12: Till Sampling – Exploration Tool
TILL SAMPLING – EXPLORATION TOOL Rainy River Discovery Driven Largely by Till Sampling Limited till sampling identified significant anomalies, +600 gold grains in tills 12 H E R I T A G E M I N I N G 12
Slide 13: Till Sampling
TILL SAMPLING Significant Pristine Gold Grains Indicate Proximal to Source • 200 till samples, 181 samples with gold grains and 91 samples with pristine gold grains, 100 contained modified gold grains, and 168 contained reshaped gold grains. • Samples 3297755, 3297842 and 3297846 returned the highes
Slide 14: Split Lake Zone
SPLIT LAKE ZONE Visible Gold in Quartz Veins, Similar in Style to Goliath No 3 vein sample #610845 assayed: 207.75 g/t Au, 860.59 g/t Ag, 0.92% Cu, 5.68% Pb, 0.51% Zn Samples from the heavily mineralized section of No 1 Vein: 0.488 m @ 40.43 g/t Au 0.73 m @ 62.83 g/t Au 0.79 m @ 24.88 g/t Au 14 H E
Slide 15: Zarn Lake Bulk Mineable Potential
ZARN LAKE BULK MINEABLE POTENTIAL Company Data Analysis - Only Quartz Veins Assayed 0.46m @ 2.68 g/t Au 0.5m @ 1.43 g/t Au 1.52m @ 0.62 g/t Au 0.5m @ 2.80 g/t Au 1.52m @ 1.24 g/t Au 0.5m @ 0.41 g/t Au 0.31m @ 0.62 g/t Au 1.52m @ 0.47 g/t Au 0.5m @ 17.1 g/t Au 0.91m @ 1.43 g/t Au 1.83m @ 0.74 g/t Au
Slide 16: Moretti Zone
MORETTI ZONE 18 Gold and Copper Targets Grab samples up to 1,212 g/t Au, with the best channel sample returning 155 g/t Au over 60 cm. DDH 1999 0.24m @ 190.7 g/t Au (Visible Au) Rocks up to 152 g/t Au, 34.2 g/t Ag 16 H E R I T A G E M I N I N G 16
Slide 17: Moretti Zone
MORETTI ZONE Previous Shallow Drilling Confirms Presence of High-Grade Gold Key Highlights • Greenstone style mineralization • Multiple vein sets, quartz-carbonate veins / stockworks • Shear zone is est. 10-30m wide • Anomalous Gold + Copper over a 6km strike length • Polymetallic veins ± chalcopyri
Slide 18: Shaft & Forster Zones
SHAFT & FORSTER ZONES DDH88‐3 Assayed: 21.34m assayed 0.62 g/t Au and 0.47% Cu. Trenching results: up to 15.77g/t Au over 1m, 11.66g/t Drilling program intersected significant Ag over 3.25 ft and quartz vein associated Au mineralization 1.85 % Cu over 3m in 7 holes over a strike length or 400m. H E
Slide 19: Exploration Budget and Timeline
Exploration Budget and Timeline Drayton – Black Lake Proposed Work Program (All 4 Zones)* Budget (C$) 2021 2022** 2023** 2024** Airborne EM & Mag 200,000 Initiated Scheduled Planning Induced Polarization 60,000 Q2 2022 Geological, Geophysical Group Ten Planning Interpretation, Drill Target 10,000 Co
Slide 20: Drayton – Black Lake Option Agreements
Drayton – Black Lake Option Agreements Option Agreements – Group Ten & Paul Riives Project Spend Option % Option % Terms Payments (C$) Shares** (C$) Group Ten Metals Paul Riives Drayton – Black Lake (Binding LOI Deposit) $20,000 Definitive Agreement Signed $20,000 IPO/Go Public Transaction* 3,000,00
Slide 21: Contact Bay - Area
Contact Bay - Area High-Grade Gold and Copper-Nickel-Platinum-Palladium Prospects KG Exploration (Kinross) H E R I T A G E M I N I N G 21
Slide 22: IPO: Raise Information and Use of Proceeds
IPO Raise Information and Use of Proceeds Brokered Raise – Common & Flow Through Units (IPO) Issuing: Units (C$0.25) – One common share & one full common share purchase warrant (Exercise price - C$0.40) Flow-through units (C$0.275) – One flow-through share & one full common share purchase warrant (E
Slide 23: Contact
CONTACT Peter Schloo President, CEO & Director peter@heritagemining.ca 905.505.0918 Lead Agent: Red Cloud Securities Inc. Mark Styles Managing Director, Head of Investment Banking mstyles@redcloudsecurities.com 647.293.7177 H E R I T A G E M I N I N G 23
Slide 24: Resource Estimates – Adjacent Properties
Resource Estimates – Adjacent Properties Appendix B Treasury Metals, Golden Goliath Complex, 14 April 2022 Press Release Measured and Indicated Classification @ Cut-off Tonnes Au Grade Contained Deposit Grade (g/t Au) (kt) (g/t Au) Au (koz) Goliath Measured @ OP 0. 25 g/t Au 6,223 1.20 239.5 Goliath