Thunder Gold Corp. · TSXV:TGOL
Thunder Gold — Investor Presentation (July 2023)
27 slides from Thunder Gold's investor presentation, July 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 and Qualified Person
Certain statements included in this presentation are forward-looking statements wh i c h are m a d e pursuant to th e “safe harbour” provisions of t h e United States Private Securities Litigation Reform Act of 1995. They include estimates and statements t h a t describe t h e Company’s future plans
Slide 3: Tower Mountain Property
Tier One Large-Tonnage, Low-Grade (“LTLG”) opportunity: Eastern Shebandowan +10.0M oz Au resource target; 01 02 Greenstone Belt (“SGB”) +500,000 oz Au a n n ual production target; A developing, district scale, gold c a m p + 10-year mi n e life target. Exploration since 1988 has established a N W Mo
Slide 4: The Eastern Shebandowan Greenstone Belt
THE EASTERN MISTANGO SHEBANDOWAN GREENSTONE BELT “ A district scale opportunity in a p r e m i u m Canadian jurisdiction” DELTA Delta 1 Delta 1 Discovery Three (3) E-W striking, sub-parallel gold zones; DELTA Bonanza gold grades associated w i t h cm.-scale quartz- carbonate-tourmaline stockwork; Lo
Slide 5: Gold price appears poised to move higher
6% ROI for the past 20-years; Gold price appears poised t o mo ve higher; Gold equities are discounted at all t i m e lows – a once in a lifetime opportunity; Gold d e m a n d continues t o outstrip supply; RoW m i d d l e class transition will drive gold demand; Major gold producers are challenged
Slide 6: Treasury and Management and Board of Directors
01 Issued and Outstanding 171,900,818 Management and Board of Directors 02 Options ($0.05 - $0.15 strike price) 13,825,000 Wes Hanson P.Geo., President, CEO and Director 03 Warrants ($0.06 - $0.18 strike price) 11,614,205 4 0 years of experience focused o n t h e exploration, development, operation
Slide 7: Property location and claims near Thunder Bay
Located 50 kms west of Thunder Bay (pop. 115,000); 3.0 k m s south of t h e Trans-Canada Highway, Canadian National & Canadian Pacific railways w i t h ON hydro transmission line t o t h e west; I G J UV M H 1,968 ha of contiguous, patented and u n p a t e n t e d claims in good K L N T standing; St
Slide 8: Intrusion Related Gold Deposit interpretation
Tower Mountain is currently interpreted to be an Intrusion Related Gold Deposit (“IRGD”); IRGD’s are highly desirable exploration targets offering large tonnages at uniform gold grades. At least 3 (or more) phases of the TMIC are interpreted to have introduced gold into the system; Gold is found at
Slide 9: Gold grades by lithology
Feldspar Porphyry <0.1 up to 15.0 g/t Au Volcanic fragmental <0.1 up to 100.0 g/t Au Syenite <0.1 up to 15.0 g/t Au Thunder Gold Corp. (TMX.V: TGOL , OTCQB: TGOLF , FRA: Z25) 9
Slide 10: Thunder Gold drill results 2021-2023 and 2002-2011
Thunder Gold - Results 2021-2023 Thunder Gold - Results 2002-2011 Hole ID From To Interval Au g/t MF Hole ID From To Interval Au g/t MF TM21-94 10.0 92.5 82.5 1.746 144 TM02-03 165.50 236.00 70.50 1.050 74 TM21-100 23.0 113.0 90.0 1.233 111 TM03-11 51.00 91.50 40.50 1.271 51 TM21-106 171.5 230.0 58.
Slide 11: By the Numbers
BY THE NUMBERS • 886 surface samples; • 119channel samples; • 190 diamond core holes; Tower • 41,250 metres drilled; Mountain • 27,442 sample intervals; • 2,000 ha airborne MAG-EM; • 4.0 k m 2 Induced Polarization; • 1,800 metre strike length; • 100-500 metres wide; • +500 metres deep. Exploration t
Slide 12: Summary Tower Mountain Drill Results
SUMMARY TOWER MOUNTAIN DRILL 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. grade (capped) 0.268
Slide 13: Composites by lithology and chargeability
BENCH TARGET ALL 5.0m COMPOSITES BY BENCH -HIGH CHARGEABLE 5.0m LITHOLOGY COMPOSITES BY LITHOLOGY • Gold is agnostic to lithology, alteration, year, drilled orientation even random ; • Only observed correlation to date is a direct correlation betw een contained pyrite and gold grade; • Direct correl
Slide 14: Priority untested drill targets
MAG breakline (solid wh i t e line) Perfectly matches m a p p e d l i m i t of TMIC; NE IP Chargeability underlay at -200 m e t r e depth; PRIORITY UNTESTED DRILL TARGETS (dashed lines) 5x discovery potential 1) AD110E 1000 x 300 m et r e target Contiguous to know n mineralization Coincident MAG low
Slide 15: Average annual mill feed grade, select mines
Average Annual Mill Feed Grade (Au g/t) Select Mines 1.4 1.2 Fort Knox Average Feed grade (Au g/t) 1 Malartic 0.8 0.6 Detour Lk. Paracatu 0.4 0.2 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Year SOURCES : NI43-101 Technical Reports, Annu
Slide 16: Resource/Reserve grade and ounces of LTLG mines in Canada
LTLGMines (O); Development Projects (D) and Exploration Projects (E) - Canada 2022 16.0 1.40 Detour Lake Mine (Operating) +700,000 oz Au per year Resource / Reserve Au Ounces (million) 14.0 1.20 • Reserve = 597.0 M t averaging 0.82 g / t Au = 14.5 M oz Au. 14.5 Resource / Reserve Grade (Au g/t) 12.0
Slide 17: Tower Mountain grade above cut-off and strip ratio
Tower Mountain ALL Samples 4 3.588 120% A t a 0.20 g / t cu t-off grade t h e Tower M o u n t a i n dataset 3.410 averages 0.789 g/t Au f r o m 29% of t h e population, 3.5 3.215 Average Grade above CO(Au g/t) 2.993 100% suggesting a theoretical 2.4:1 strip ratio; 3 2.797 population above CO 2.627 2
Slide 18: AISC per ounce relative to reserve grade
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 Au g/t $1,000 8 Macassa AISC (3 yr) = $887/oz $800 6 $600 $400 4 Brucejack reserve grade = 8.40 g / t Au
Slide 19: Metallurgical Results – Tower Mountain
Metallurgical Results – Tower Mountain • Representative half-core samples. • Standard bottle roll tests – 40% by we i g h t in solution @ 1.0g NaCN/L solution; 72-hour test • Head grades ranged f r o m 0.325 g / t t o 3.599 g / t Au and averaged 1.124 g / t Au. • Recoveries ranged f r o m a low of 7
Slide 20: Recent progress and accomplishments
• Preliminary metallurgical testing : +90% recovery indicated; B o n d W o r k Index ~ 20 W (kWh/tonne); ABA tailings indicated n e t neutralizing potential; • D o u b le d Induced Polarization Coverage Approximately 10,000 metres of untested Chargeable anomalies identified; • Additional mu lti-e l
Slide 21: Gold resource per metre drilled, LTLG comps
Gold Resource (Oz) per metre Drilled 180 160 Sixteen (16) LTLG Comps – Canada and US 140 120 M i n i m u m = 10 Au oz per me tre drilled M a x i m u m = 156 Au oz per me tre drilled Au ounces 100 80 Average = 35 Au oz per metre drilled (REF. Slide A3) 60 40 LTLG gold deposits require ~30,000 metres
Slide 22: Conceptual Valuation Metrics
Conceptual 5 Year Plan - Annual Resource & Reserve Targets 2023 1.5 45,000 metres Conceptual Valuation 2024 3.0 90,000 metres Metrics (as per Slide A2 – LTLG Comparables ) 2025 6.0 180,000 metres Proven & Probable Reserves $80/ Au oz 2026 6.0 6.0 Measured & Indicated Resources $40/ Au oz 2027 2.0 2.
Slide 23: Thunder Gold Corporation
THUNDER GOLD CORPORATION 684 Squier Street, Thunder Bay, Ontario P7B 4A8 Wes Hanson, P.Geo., David Speck President and CEO CFO whanson@thundergoldcorp.com dspeck@thundergoldcorp.com +1 647-202-7686 +1-647-968-8369 Thunder Gold Corp. (TMX.V: TGOL , OTCQB: TGOLF , FRA: Z25) 23
Slide 24: Tower Mountain Property Historical core library
Tower M o u n ta i n Property Historical core library Thunder Gold Corp. (TMX.V: TGOL , OTCQB: TGOLF , FRA: Z25)
Slide 25: East Shebandowan Gold Belt - Average Gold Grade
East Shebandowan Gold Belt - Average Gold Grade (Not Capped) 100.00 10.00 Au g/t - Logarithmic 1.00 0.10 OTHER 2022-23 TGOL 2021-23 TGOL 2002-11 Thunder Gold Corp. (TMX.V: TGOL , OTCQB: TGOLF , FRA: Z25) A1
Slide 26: Market Capitalization: Measured, Indicated & Inferred Resources
Market Capitalization : Measured, Indicated & Inferred Resources Resource-Reserve estimates sourced f r om the latest published Technical Reports available for each project as of February 10, 2023; except for DGC a n d RR All Market Capitalization based on TMX Money close as a t February 9, 2023; ex
Slide 27: Market Capitalization (C$ Million)
ALL d a t a sourced f r o m t h e latest published Technical Reports available for each project as of February 10, 2023; except for DGC a n d RR 1. All d a t a sourced f r o m t h e Detour Lake Feasibility Study, d a t e d June 2010. 2. All d a t a sourced f r o m t h e Rainy River Feasibility Study