Slide 1: Corporate Presentation Q2 2024
Q2 1 2024 TSX.V: ONAU CORPORATE PRESENTATION www.ongoldresources.com 1
Slide 2: Forward Looking Statements & Disclosures
Forward Looking Statements & Disclosures This presentation was prepared by management of OnGold ResourcesLimited (“OnGold” or the “Company”). The information contained in this presentation (a) is provided as at the date hereof, (b) does not purport to contain all the information that may be necessar
Slide 3: Management and Board of Directors
Management and Board of Directors Kyle Stanfield Rodney Barber, P.Geo Gregory Duras Chief Executive Officer President Chief Financial Officer • Over 25 years of exploration & mining • More than 35 years of experience in • Over 25 years experience in the sustainability experience mining and explorati
Slide 4: Pro Forma Capital Structure
Pro Forma Capital Structure Pro Forma Capital Structure (Undiluted) Share Ownership Share Ownership Share Price C$ $0.51 Other - 8% Shares Outstanding (1) mm 49.3 Market Capitalization C$mm $25.2 Cash (2) C$mm $5.2 Debt C$mm - Enterprise Value C$mm $20.0 Institutions & HNW - 18% Options & Warrants W
Slide 5: TPK Property
TPK Property Property Size: 0 2.5 5 10 • 30km x 20km, 2,431 claims, 47,796 hectares • Accessible by winter road Key Advantages: • 100% owned by ONGold • Previous work shows district scale potential Annex • Fully permitted, year-round exploration camp Target Area and trail system • Advanced indigenou
Slide 6: Structural Setting
Structural Setting Primary Structural Control • Gold receptive splay shears off a major inflection, Stull-Wunnummin Fault Comparable District • Malartic- Val d’Or gold district on splays off major bend, Larder Lake- Cadillac Fault 6 TSX.V: ONAU www.canterraminerals.com
Slide 7: Evidence of High Grade Gold – Gold Grains
Evidence of High Grade Gold – Gold Grains Big Dam Gold Grain-In-Till Dispersal Apron • Unique geological feature, largest in North America • Very large number of gold grains, up to 1262 grains per 10 kg sample, most are pristine • Cannot get this apron size and number of gold grains, unless signific
Slide 8: Mapping and Geological Controls
Mapping and Geological Controls • 10-004 Discovery associated with conjugate Riedel shear near internal contact of the Freure Lake Batholith 10-004 2.8% Fe • Potential for multiple parallel Discovery zones Goose Lake 2.2% Fe 1.5% Fe Little Crying Boy Lake 8 TSX.V: ONAU www.canterraminerals.com
Slide 9: Mapping and Geological Controls
Mapping and Geological Controls High Grade Drilling • Multiple, significant gold discoveries already made, including: • TPK-10-004: 25.87 g/t gold, 13.5 m (incl. 749 g/t over 0.3m) from 149.3 metres, Big Dam Area (1) • Strongest mineralization associated with coarse visible gold, high angle smokey-
Slide 10: Targeting Big Dam Area – Magnetics
Targeting Big Dam Area – Magnetics Aerial Magnetics Data ICE DIRECTION • Note east- west fabric, magnetics (explains historic S-N drilling) • NW-SE magnetic destruction, faulting, silicification Goose Lake 25.87 g/t Au over 13.5m ✓ Non- Magnetic Granite ✓ 2.8% Fe Goose Lake ✓ Magnetic Granite ✓ 2.2%
Slide 11: Targeting Big Dam Area – Alteration Zones
Targeting Big Dam Area – Alteration Zones N-S Mineralized Silicified Alteration Zone, Offset Mineralized Silicified Alteration Zone N-S Mineralized Silicified Alteration Zone Goose Lake TPK-12-030: 59.6 gpt Au, 92.3 gpt Ag & 3.19% Cu over 0.5m Sericite Schists Little Crying Boy Lake Inversion of Tot
Slide 12: Targeting Big Dam Area – Inversion Data
Targeting Big Dam Area – Inversion Data N-S Mineralized Silicified Alteration Zone Offset GOOSE LAKE TARGET Proposed Phase I Collar (4 holes, 689m total) Proposed Phase II Collars (5 holes, 5 collars, 790m total) NOTE: Collar placement dependant results, Phase I N-S Mineralized Silicified Alteration
Slide 13: Annex Area: Gold in Till
Annex Area: Gold in Till Gold-Mineralized Boulder Trains • Keely Lake gold grain-in-till dispersal corridor (3.5 km wide, 13.5 km in length) • Data suggests more than one source • Mineralized, large, tabular boulders returning assay values as high as 727 g/t gold, 111 g/t silver, and 4.05 % copper •
Slide 14: Annex: Planned Drilling
Annex: Planned Drilling One discovery follow- up area + three target areas defined • Terminus of the Keeley Lake gold grains train Target 1 • Au- Ag targets associated with a basalt- andesite/ quartz diorite- monzogranite contact • Au- Cu target associated with a dolerite- diorite- gabbro/ quartz- d
Slide 15: Annex – Diamond Drill Core
Annex – Diamond Drill Core 0.01 g/t + 1.93 g/t + 20.80 g/t 0.15 g/t + 0.13 g/t 0.32 g/t + 2.67 g/t + 0.01 g/t NG-12-003C: 4.62g/t Au over 5.5m. Quartz Vein at contact of diorite/mafic unit contact. 41.50 g/t Au over 0.6m 4.62g/t Au over 5.5m N Planned DDH 4.62g/t Au 41.50 g/t Au over 5.5m over 0.6m
Slide 16: “Blue Sky” District Scale Opportunity- Big Dam Extension
“Blue Sky” District Scale Opportunity- Big Dam Extension One discovery follow- up area and three target areas defined • Extension of the Big Dam Area- 29 km to the West • 35 km system • Extension of the gold- bearing shear zone • Distribution of anomalous gold grains • Distribution of anomalous till
Slide 17: “Blue Sky” District Scale Opportunity- New Growth Targeting
“Blue Sky” District Scale Opportunity- New Growth Targeting • Target selection: • Structural interpretation from proprietary high resolution, airborne magnetic data • 14 targets selected- none ever prospected, drilled • Prospecting/mapping + additional till sampling planned in Year 2 17 TSX.V: ONAU
Slide 18: Progress Over Time
Progress Over Time • Northern Superior initially exploring region for diamonds • Realizes significant potential for gold mineralization and switches focus 2002-2007 • Three till-sampling and drilling campaigns to appreciate the scale of the system (6 x 11km gold grain-in- till dispersal apron) • App
Slide 19: October Gold Property Geology
October Gold Property Geology • Large property (1,308 units, >27,000Ha) covering PTX: 77.4m regional scale targets @ 0.44g/t Au • Relatively underexplored part of the Abitibi Sub- province N 0.55g/tAu • Approx. 35km along strike of IamGold/Sumitomo’s 0.15g/tAu Cote Mine (19.1 Moz Au) • Potential for
Slide 20: Catalysts
Catalysts • Receive/report assay results of • Continued TPK drilling exploration program • Results of summer based on evaluation field program at of follow-up program October Gold at TPK Q2 2024 Q4 2024 Q3 2024 Q1 2025 • Completed RTO • Potential follow-up • Raise gross proceeds drill program at TPK