Thunder Gold Corp. · TSXV:TGOL
Thunder Gold — Investor Presentation (January 2023)
25 slides from Thunder Gold's investor presentation, January 2023
Slide 1: The Right Project, The Right Time, The Right Team
The Right Project The Right Time The Right Team
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 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: Why Thunder Gold
WHY THUNDER GOLD Tier One discovery potential: +10.0M oz Au resource; Minimal Technical, +500,000 oz Au annual production; 01 02 Environmental, and Social risks + 10-year mine life Premium location, world-class, year- Geophysical surveys highlight round access and infrastructure 03 04 untested, high
Slide 4: Share Capital, Management and Board
SHARE CAPITAL, MANAGEMENT AND BOARD 01 Shares Issued and Outstanding 166,700,818 Management and Board of Directors 02 Stock Options ($0.05 - $0.15 strike price) 9,550,000 Wes Hanson P.Geo., President, CEO and Director 0 3 Warrants ($0.06 - $0.20 strike price) 36,500,977 40 years of experience focuse
Slide 5: Tier One Target Opportunity
TIER ONE TARGET OPPORTUNITY Tier One Deposit Distribution by Model Type Type/Category Tier One Count Average Au oz. (#) (million) Major Gold Deposit Models Orogenic Category Greenstone 20 14 21.3 20.4 BIF 6 23.3 Reduced Intrusion Related 12 36.2 Intrusion hosted (mesozonal) 4 18.8 Sediment hosted 8
Slide 6: We Think It's a Doughnut
WE THINK IT’S A DOUGHNUT Tower Mountain Intrusion Complex (TMIC) Opportunity Exploration to Date Central Opportunity Intrusion Opportunity Simplified from Ontario Geological Survey (“OGSEarth”) data. Thunder Gold Corp. TMX.V:TGOL Q1-2023 Corporate Presentation 06
Slide 7: Location Access and Infrastructure
LOCATION ACCESS AND INFRASTRUCTURE TOWER MOUNTAIN PROPERTY Located in the province of Ontario, a premium mining jurisdiction; 900 kms NW of Toronto, multiple direct flights from Toronto and Winnipeg daily; 50 kms west of Thunder Bay (pop. 115,000); Adjacent to the Trans-Canada Highway and Canadian N
Slide 8: Large Tonnage Low Grade Metrics
LARGE TONNAGE LOW GRADE METRICS Cut-off Grades - Operating Gold Mines Average Cut-Off Grades 0.60 The Table to the left presents published cut-off grades at 0.50 various large-tonnage, low-grade open pit gold mines. The average reserve cut-off grade is 0.35 g/t Au; 0.40 The average operating cut-off
Slide 9: Comparables – Mines and Projects
COMPARABLES – MINES AND PROJECTS Open Pit Au Mines / Projects - Canada 2022 Ontario’s Large Tonnage – Low Grade Giants 16.0 1.40 Resource / Reserve Grade (Au g/t) Resource / Reserve Au Ounces (million) 14.0 Detour Lake +700,000 oz Annual Production. 14.5 1.20 • Reserve = 597.0 Mt averaging 0.82 g/t
Slide 10: Tower Mountain Data Analysis
TOWER MOUNTAIN DATA ANALYSIS Tower Mountain ALL Samples Cut-Off Grades – Tower Mountain 4 3.588 120% At a 0.20 g/t cut-off grade the Tower Mountain dataset 3.5 3.410 averages 0.789 g/t Au from 29% of the population, 3.215 Average Grade above CO (Au g/t) 2.993 100% suggesting a theoretical 2.4:1 stri
Slide 11: Excellent Exploration Vectors
EXCELLENT EXPLORATION VECTORS AIRBORNE MAG INDUCED POLARITY (“IP”) Magnetic data isolates the TMIC interpreted to be source of Au IP data isolates higher sulphide content, a proxy for Au Thunder Gold Corp. TMX.V:TGOL Q1-2023 Corporate Presentation 11
Slide 12: What We Know
WHAT WE KNOW The TMIC is a multi-phase alkalic intrusion At least two phases of the TMIC are gold bearing; Gold mineralization “surrounds” the TMIC outward for up to 500 metres; Drilling to date is limited to 1,500 metres along the western edge of TMIC; Gold occurs in both volcanics AND alkalic intr
Slide 13: Drilling Targeted Without Geophysics
DRILLING TARGETED WITHOUT GEOPHYSICS Historic Drilling – Tower Mountain Historical drilling was completed without the benefit of 3D-IP data; At the Bench, only 5 holes test the 600 x 250 x 450 metre, +40 mV/V IP anomaly (highlighted by the thick red line at left); The five holes on section 5377500 r
Slide 14: Bench Section 5377500N
BENCH SECTION 5377500N Hole ID From To Interval Au (m) (m) (m) (g/t) 83818 8.45 165 156.55 0.145 165 314.45 149.45 0.42 314.45 337.41 22.96 0.198 21-106 5.4 66.5 61.1 0.094 0.420 66.5 89 22.5 0.61 89 171.5 82.5 0.197 171.5 230 58.5 1.01 21-120 6.3 186.5 180.2 0.131 186.5 341 154.5 0.811 341 362 21 0
Slide 15: Bench Stacked Sections – 100 M Spacing
BENCH STACKED SECTIONS – 100 M SPACING 5377400 N 5377500 N 5377600 N 5377700 N 5377800 N 5377900 N Thunder Gold Corp. TMX.V:TGOL Q1-2023 Corporate Presentation 15
Slide 16: Metallurgy – Gold Recovery
METALLURGY- GOLD RECOVERY 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
Slide 17: H2-2022 Work Summary
H2-2022 WORK SUMMARY • Preliminary metallurgical testing completed: +90% recovery indicated; Bond Work Index ~ 20 W (kWh/tonne); ABA tailings indicated net neutralizing potential; • Review of geophysical data completed; • Review of multi-element ICP data in progress; • ~25,000m of historical drill r
Slide 18: Six-Month Plan
SIX-MONTH PLAN EDA = Exploration Data Analysis IP Survey Complete Drill Program Petrography Complete Complete Jan Mar May H2-23 Petrography Interpretation Results Results EDA Target EDA EDA EDA EDA Selection Feb Apr June Drill Program Phase 1 results Start received begin (3,500 metres) Phase 2 plann
Slide 19: Why Thunder Gold
WHY THUNDER GOLD Tier One discovery potential: +10.0M oz Au resource; Minimal Technical, +500,000 oz Au annual production; 01 02 Environmental, and Social risks + 10-year mine life Premium location, world-class, year- Geophysical surveys highlight round access and infrastructure 03 04 untested, high
Slide 20: Thunder Gold Corp. contact details
Thunder Gold Corp. 684 Squier Street, Thunder Bay, Ontario P7B 4A8 T: +1 647-202-7686 Wes Hanson P.Geo. President & CEO T: +1-647-202-7686 E: whanson@thundergoldcorp.com David Speck CFO T: +1-647-968-8369 E: dspeck@thundergoldcorp.com
Slide 21: Appendices
APPENDICES
Slide 22: Significant Results
SIGNIFICANT RESULTS Highlighted Holes (in blue) Hole ID From To Interval Au g/t TM-04-09 21.0 273.0 252.0 0.67 incl 169.50 250.50 81.00 1.89 TM-04-03 7.5 268.5 261.0 0.57 incl 31.50 123.00 91.50 1.20 TM-04-06 12.0 351.0 339.0 0.31 incl 115.5 159.0 43.5 1.55 TM-21-94 7.0 268.0 261.0 0.46 incl 10.0 86
Slide 23: Properties Under Option
PROPERTIES UNDER OPTION Vanguard – Iris Lake (Au) ON Optioned to Goldshore Resources July 2022 25% retained interest Far Lake (Cu/Ag) ON Optioned to Benton Resources July 2022 30% retained interest Startrek (Au/Ag) NF Optioned to Leocore Gold Oct. 2020 30% retained interest DorWit (Cu/Ag) Namibia Op
Slide 24: Pen Property - Ontario
PEN PROPERTY - ONTARIO • 100% interest (4,638 ha). • 275 km from Thunder Bay. • Year-round road access. • 4.0 km north of Greenstone Project (+5.0 M oz Au resource) currently being developed as a large tonnage, low-grade open pit mine. • 2022 soil, lake sediment and rock samples identified anomalous
Slide 25: Pen 2022 Exploration Results
PEN 2022 EXPLORATION RESULTS • Soil geochem (2022) identified >25 ppb Au for over 450 metres along the western shoreline of Lake Kegomasis. • Rock geochem samples identified >3.0 g/t Au at the P-07, Zoey 1 and Zoey 2 targets. Higher grades associated with elevated arsenopyrite – pyrrhotite content p