Slide 1: DDH Program #2 – Gold Drill Results
*** THISTLE RESOURCES CORP. ANNOUNCES *** DDH Program #2– Gold Drill Results CRITICAL MINERALS EXPLORATION Technical Review – March 25th , 2023
Slide 2: Forward Looking Statement
Forward Looking Statement The opinions, estimates, and/or projections contained herein are those of Thistle Resources Corp. as of the date thereof and are subject to change without notice. Thistle Resources makes every effort to ensure the contents contained herein have been compiled or derived from
Slide 3: Summary of Projects
Summary of Projects • Thistle Resources Corp. (Thistle) is a Private Canadian junior Exploration Company focused on Base and Precious Metal Exploration in the Bathurst Mining Camp, New Brunswick, and the Cape Breton Highlands Region, Nova Scotia, Canada. Thistle Resources Corp. has 4 Major Projects;
Slide 4: PROJECTS
PROJECTS Alba Forks Gold Project * runswi i ty * swick Horizon Middle River Gold Project Thistle Resources Corp. },.
Slide 5: Bathurst Mining Camp
Bathurst Mining Camp • Fraser Institute Annual Survey of Mining Companies Ranked (BMC) #2 Best Jurisdiction in Canada & #4 in the world. • (BMC) has over 95 VMS Occurrences & 46 Deposits, & averages 1.5 new discoveries per year, since 1960. • Of these, 25 deposits > 1MT, with an Ave 12.74 MT with gr
Slide 6: Thistle Resources MRG Gold-VMS Neighbours
THISTLE RESOURCES MRG GOLD-VMS Neighbours 6
Slide 7: Middle River Gold Project – Gold/SIP Zones
Middle River Gold Project – Gold/SIP Zones • Structurally controlled As/Au mineralization hosted within altered sediments / volcanics of the Canoe Landing Lake Formation. • Defined by many wide, high grade intercepts (up to 1.70 g/t over 38.3m. & 3.47 g/t over 17.6m, 2.41 g/t over 18.2m) (See procee
Slide 8: Middle River Gold Drill Results – (Drill Program #1)
Middle River Gold Drill Results – (Drill Program #1) Drill Hole # Target Best Intersection MR-03-001 MRG 2.35 g/t Au over 9.95m * MR-03-002 MRG 3.80 g/t Au over 10.0m * MR-03-003 MRG 3.47 g/t Au over 17.60m * MR-05-004 (1) MRG 2.59 g/t Au over 5.35m MR-05-004 (2) MRG 0.84 g/t Au over 2.25m MR-05-006
Slide 9: Middle River Gold Field Visit
Middle River Gold Field Visit 9
Slide 10: Middle River VMS Project – Brunswick Extension Horizon
Middle River VMS Project – Brunswick Extension Horizon • Regional geophysics confirms good potential that the same horizon which hosts the Brunswick # 12 and Brunswick # 6 deposits extends through the eastern portion of the property. • Anomalous base metals in soil samples within target area further
Slide 11: EarthEX Geophysical Data Solutions Project
EARTHEX GEOPHYSICAL DATA SOLUTIONS PROJECT Middle River Gold & Brunswick Extension VMS Entire Data Reprocessing – 3D Modeling - AI Analysis & Interpretation 11
Slide 12: EarthEX Geophysical Solutions Analysis & AI Interpretation (Dec 2020)
EarthEX Geophysical Solutions Analysis & AI Interpretation (Dec 2020) 12
Slide 13: EarthEX 3D Analysis & AI Interpretation of Priority Targets
EarthEX 3D Analysis & AI Interpretation of Priority Targets • Licences consolidated to facilitate government reporting and renewals. • Digitization of historic diamond drilling, geochemistry and geophysical data. • Geochemical data identified 9 base and precious metal targets throughout the project
Slide 14: MRG Gold Deposit – High Priority Inverse Polarization Targets
MRG Gold Deposit – High Priority Inverse Polarization Targets • The EarthEX High Priority Inverse Polarization Targets Analysis shows a direct response over the current MRG Deposit (05) and a greater pronounced response over Target (07) & (08), characteristic of hydrothermal alteration typically see
Slide 15: Bathurst Extension VMS – EarthEX GeoPhysical Priority Targets
Bathurst Extension VMS – EarthEX GeoPhysical Priority Targets • On the Eastern Flank of the Property, the BMC “Brunswick Extension” is defined by a series of strong conductive responses coincident with a 3-km distinct magnetic trend, reflective of massive sulphide mineralization. • The Trend is over
Slide 16: Next Steps: Middle River Gold – Bathurst Extension VMS
NEXT STEPS: (Middle River Gold – Bathurst Extension VMS) • EarthEX has identified & confirmed the relationship between the known gold mineralization and the magnetics at the Middle River Gold Deposit. • Significant extension to the deposit is along strike and at depth. Multiple target zones should l
Slide 17: Next Steps: Middle River Gold – Bathurst Extension VMS
NEXT STEPS: (Middle River Gold – Bathurst Extension VMS) • Au drill hole data to be modeled to identify the trend of mineralization in order to facilitate targeting in Phase 2 drilling. • Bore Hole Electromagnetic (BHEM) Survey to be conducted on 2 VMS drill holes followed by modeling to identify su
Slide 18: EarthEX 3D-AI (GeoVision 2000 & HD UAV Gold System Targets)
EarthEX 3D-AI (GeoVision 2000 & HD UAV Gold System Targets) Massive 400m Deeper Zone still Untested or Drilled – Red & Purple Depicted Targets – North & South Corners of Grid Identified 7 km Trend including (5) Au Mineralized Folds (Open in all directions) & continues north for potentially 15km 18
Slide 19: EarthEX 3D – AI (Gold & VMS Targets)
EarthEX 3D – AI (Gold & VMS Targets) 19
Slide 20: Thistle Resources DDH 2021 Fall Drill Program – Core Samples
Thistle Resources DDH 2021 Fall Drill Program – Core Samples 20
Slide 21: DDH Drill Hole Locations @ Middle River Gold
DDH Drill Hole Locations @ Middle River Gold (Completed December 2021) DDH – Drillhole Program – Phase #1 – DDH Locations BOREHOLE EM Survey on VMS001(b) & VMS007 – Coming Soon ! 21
Slide 22: Middle River Gold 2021 (Drill Program #2) - Results
Middle River Gold 2021 (Drill Program #2) - Results – NEW Drill Hole # Target Best Intersection AU03 MRG 4.04 g/t Au over 12.77m AU03 MRG Including: 5.28 g/t over 9.77m AU03 MRG Including: 14.58 g/t over 3.38m AU02 MRG 1.64 g/t Au over 21.78m (Upper Zone) AU02 MRG Including: 2.16 g/t over 15.78m AU0
Slide 23: Middle River Gold 2021 Drill Results
Middle River Gold 2021 Drill Results – NEW Drill Hole # Target Best Intersection 21TRC-AU005 MRG 0.58 g/t Au over 13.23m (Upper Zone) 21TRC-AU005 MRG Including: 1.72 g/t over 4.33m 21TRC-AU005 MRG 0.48 g/t Au over 9.57m (Lower Zone) 21TRC-AU005 MRG Including: 1.04 g/t over 4.25m 21TRC-AU005 MRG Incl
Slide 24: Middle River Gold 2021 Drill Results
Middle River Gold 2021 Drill Results – NEW Drill Hole # Target Best Intersection 21TRC-AU011 MRG 0.65 g/t AU over 25.45m 21TRC-AU011 MRG Including: 2.27 g/t over 6.68m 21TRC-AU011 MRG Including: 3.00 g/t over 3.70m 21TRC-AU011 MRG Including: 1.87 g/t over 1.98m 21TRC-AU011 MRG Including: 1.34 g/t ov
Slide 25: DDH Program – Phase #2 (Coming Soon)
DDH PROGRAM – PHASE #2 (COMING SOON) 25
Slide 26: Management Team – Patrick J. Cruickshank
Management Team Patrick J. Cruickshank, MBA, President & CEO Mr. Cruickshank is the Founding – President & CEO of Thistle Resources Corp. Mr. Cruickshank, received his MBA at Canada’s Highly Prestigious York University – Schulich School of Business. Patrick brings a wealth of experience from the Pri
Slide 27: Management Team & Technical Advisory Chair – Gary Lohman
Management Team & Technical Advisory Chair Gary Lohman, B.Sc., P.Geo COO & SVP Director of Exploration Mr. Lohman is a Founder and Chief Operating Officer of Thistle Resources Corp. As an exploration geologist, he has 40 years of experience in both precious and base metal exploration within the Amer
Slide 28: Management Team – Chris Carmichael
Management Team Chris Carmichael, B.A., CPA CFO & Strategic Business Advisor Mr. Carmichael is a Certified Professional Accountant and has been the President of CRIS Inc., a CFO Services firm since 2010. Mr. Carmichael is and has been a board member and/or Chief Financial Officer of numerous Canadia
Slide 29: Exploration Team and Technical Advisory Committee – Stuart Wells
Exploration Team and Technical Advisory Committee Stuart Wells, B.Sc., P. Geo. VP of Exploration Stuart is a senior exploration geologist with over 30 years’ experience spanning multiple continents and deposit types but specializes in VMS style deposits (mineral exploration & mine geology) in the Ba
Slide 30: Exploration Team and Technical Advisory Committee – Daniel Card
Exploration Team and Technical Advisory Committee DANIEL CARD, P.GEO, RPGEO EARTHEX GEOPHYSICAL SOLUTIONS INC. EarthEX Geophysical Solutions Inc was founded in 2014 in Selkirk, Manitoba, Canada by its Chief Geophysicist, Daniel Card. Mr. Card, P.Geo, RP.Geo, a professional Geophysicist, holds a BSc.
Slide 31: Exploration Team and Technical Advisory Committee – Marty J. Huber
Exploration Team and Technical Advisory Committee Marty J. Huber, B.Sc., M. Sc., P.Geo., Director of Technical GIS Analysis Mr. Huber has been involved in Mineral Exploration since 2009. He completed a Bachelor of Science Degree in Geology from Acadia University, NS in 2011. He went on to acquire hi
Slide 32: Exploration Team and Technical Advisory Committee – Kevin A. Vienneau
Exploration Team and Technical Advisory Committee Kevin A. Vienneau, B. Engineering Mineral Resource Engineer Mr. Vienneau has been involved in Mineral Exploration since 2004. Kevin has been heavily involved in the Bathurst Mining Camp Exploration for over 18 years and has extensive experience in th
Slide 33: Director & Corporate Strategic Advisor – Ronald Godin
Director & Corporate Strategic Advisor Ronald Godin, B.A., LLB., QC Director & Corporate Strategic Advisor A native of Bathurst, New Brunswick, Mr Godin received a Bachelor’s degree in Political Science in 1972 from the Universite de Moncton and being awarded the Governor General of Canada Medal for
Slide 34: Team Structure
Team Structure Patrick J Cruickshank, MBA Gary Lohman, B.Sc., P. Geo. Chairman, President & CEO, Director Director of Exploration & COO, Director Schulich School of Business (MBA) Technical Advisory Committee York University, Ontario University of Toronto Chris Carmichael, BA, CPA Daniel Card, B.Sc.
Slide 35: Know the Investor Life Cycle
Know the Investor Life Cycle 35
Slide 36: Share Capitalization Structure
Share Capitalization Structure 36
Slide 37: For Enquiries Please Contact
FOR ENQUIRIES PLEASE CONTACT PATRICK J. CRUICKSHANK, MBA PRESIDENT & CEO patrick@thistleresources.com 613-900-9722 GARY LOHMAN, P. GEO DIRECTOR OF EXPLORATION, COO gary@thistleresources.com 905-299-8552 37