Goldflare Exploration Inc · TSXV:GOFL
Goldflare Exploration — Investor Presentation (August 2023)
36 slides from Goldflare Exploration's investor presentation, August 2023
Slide 1: Goldflare Exploration
Slide 2: Agenda
AGENDA 01 WHO ARE WE? Strategy, Management, Board of Directors 02 A FEW NUMBERS General information about the company and its management 03 OUR PROPERTIES Condor, Goldfields, Destorbelle, Ranger, Agar, Windfall, 04 OUR EXPLORATION PROJECTS Condor, Goldfields, Syénite-Condor, Ranger, Windfall, Duples
Slide 3: Our Mission
Get a modern PowerPoint Presentation that is OUR MISSION beautifully designed. «Acquire and explore mineral properties in order to generate value for our investors, shareholders, build partnerships with responsible mining companies and positively impact the Abitibi-Témiscamingue region.»
Slide 4: Strategy
STRATEGY SHORT TERM Increase exploration activities on most promising projects while keeping a sound management of cash flows and building a performant and sustainable team. MID-TERM Work on geological models and exploration strategies in order to start building resources and create opportunities wi
Slide 5: Our Team
WHO ARE WE? Our Team Management GHISLAIN DAVID CORBEIL- SERGE ROY MORIN HÉNEAULT • Canadian gold exploration company VICE-PRESIDENT & PRESIDENT & CEO CFO established since 1993. CHAIRMAN OF THE BOARD • Public company →TSX Venture Exchange ✓ 40 years experience in ✓ 25 years experience in ✓ 15 years
Slide 6: Board of Directors
WHO ARE WE? ✓ 30 years experience in exploration geology MARTIN DEMERS p.geo INDEPENDANT CONSULTANT IN GEOLOGY GHISLAIN ANDRÉ SERGE ROY MORIN GAUTHIER Board of Directors PRESIDENT & CEO VICE-PRESIDENT & CHAIRMAN OF THE BOARD INDEPENDENT DIRECTOR ✓ 40 years experience in business management Internal
Slide 7: Shareholding Profile
Shares Outstanding SHAREHOLDING →100,989,291 *As of July 5th, 2023 PROFILE Fully Diluted Shares → 116,554,790 *As of July 5th, 2023 Purchase Options (Avg price: 0,063$) → 6,750,000 *As of July 5th, 2023 Warrants (Avg price: 0.065$) → 8,815,499 *As of July 5th, 2023
Slide 8: Our Vision: Shareholder distribution
“ OUR VISION: Become a leader in exploring across the Abitibi region Shareholder distribution 6 000 000 6% 6 980 000 7% 57 659 291 30 000 000 57% 30% Institutionnels Initiés Parents/Amis *En date de Juillet 2023
Slide 9: A Few Numbers
A FEW NUMBERS Funding Raised for Exploration Exploration activities expenditures Activities Performed by Fiscal Year carried out by fiscal year Fiscal year 2023 Fiscal year 2023 * From March 1st, 2022 to *From March 1st, 2022 to February 28th, 2023 February 28th, 2023 1,239,555$ 1,056,098$ Explorati
Slide 10: A Few Numbers – Part 2
A FEW NUMBERS – PART 2 Fixed operating costs per month *From March 1st, 2022 to February 28th, 2023 2023 32 000$ *From March 1st, 2021 to February 28th, 2022 2022 42 000$ *From March 1st, 2020 to February 28th, 2021 2021 48 000$ *Fixed charges include all charges except those related to financing an
Slide 11: Our Projects - Properties
OUR PROJECTS - PROPERTIES Goldfields • Systematic drilling 01 • Potential assessment • Modelling Destorbelle Ranger • Assessment • Assessment 02 04 Syénite Condor • Drilling follow-up 03 Windfall 05 • Assessment Duplessis-Agar • Assessment 06 Duplessis-Mountain • Assessment 07 % owned by Area Royalt
Slide 12: Goldflare Key Projects: Goldfields, Condor, Agar
2020-2023 Goldflare Key Projects AGAR GOLDFIELDS: ✓ Disseminated gold mineralization, regionally known pattern ✓ Located on the extension of the Porcupine-Destor fault ✓ Historical drilling: 5000 meters ✓ Best near surface result: 100 g\t over 1.0m CONDOR: ✓ Large alkaline syenite intrusion ✓ Locate
Slide 13: Timeline 2019-2020
Timeline 2019 Management overhaul • Nomination of the new CEO Ghislain Morin and new Vice- President Serge Roy Re-Staking of «RANGER» 2020 «CONDOR» Property • Claims purchasing from «Canadian Mining House» (CMH) Acquisition Exploration works on «CONDOR» (October) • Outcrop stripping • Magnetic surve
Slide 14: Timeline 2021-2023
2021 Exploration works on «CONDOR» • Prospecting & Sampling • First drilling campaign (12 holes, 968 meters) • Stripping Acquisition «AGAR» Property • Claims purchase from «Nyrstar» • NI 43-101 Technical Report done by «Géologica» • Compilation and modeling of drill targets 2022 Exploration works on
Slide 15: Location: Condor & Goldfields
Location: Condor & Goldfields FAYOLLE IAMGOLD open-pit mine Adjacent properties: ✓RANGER ✓DESTORBELLE Located in the extension of the PORCUPINE-DESTOR fault
Slide 16: Condor
CONDOR Caracteristics: ➢ Complex syenitic intrusion ➢ Multiple structures over 2 km ➢ Gold signature in soils ➢ Mineralized blocks, surface showings ➢ 30 holes drilled totaling 3,943 meters Short term objective: Identify a large surface mineralized system 1km
Slide 17: Goldfields
GOLDFIELDS • 7 holes drilled / 1,816 meters • Best result: 100 g/t over 1m • Exploration potential: 700,000 to Caracteristics 800,000 tonnes (NI43-101 non- compliant) ➢ In the extension of the Porcupine-Destor fault • Grade target : 1.5 g/t ➢ Similar to known deposits ➢ At the heart of a corridor of
Slide 18: Agar
AGAR Caracteristics ➢ Drilled gold project (1985- 1990) ➢ Quevillon-Desmaraiville Corridor ➢ Quartz-pyrite veins, laterally continuous multiple structures ➢ No recent follow-up Short Term Objective: Independent financing partners • 10 000 meters drilled • 10 mineralized structures
Slide 19: Appendix I: Goldfields
APPENDIX I «GOLDFIELDS» *** Martin Demers géo
Slide 20: Goldfields Project Evolution
«GOLDFIELDS» PROJECT EVOLUTION 1. Drilling and modeling The start of mining operations in the Fayolle pit led Godlfare to position itself and re-evaluate the potential of the Goldfields property. Result: High-grade discovery near the surface. 2. Identification of the exploration potential The reinte
Slide 21: Goldfields
Yvan Vézina Mine GOLDFIELDS ✓ Porcupine-Destor Fault Extension ✓ Mafic and ultramafic volcanic rocks in contact with sediments ✓ Orogenic disseminated gold mineralization ✓ Similarities with Holloway deposit Goldfields ✓ Expected results: 3 to 5 g/t over 5 to 10 meters Fayolle Pit ✓ Target: 500 000
Slide 22: Goldfields Model and Exploration Potential
Destorbelle NNE oblique structure GOLDFIELDS Gold bearing, based on the Goldfields model Model and exploration potential Goldfields (modelized potential) 700 000 à 800 000 tonnes ✓Goldfields is centered on a corridor of carbonatized rocks which Fayolle Pit includes the Fayolle deposit Condor-Destorb
Slide 23: Condor-1 2023 Results
DDH_No De: A: Long Au_g/t CONDOR-1 AIG-23-11 104 105 1 0,47 178,5 180 1,5 1,38 AIG-23-12 25 28 5 0,34 39 42,4 3,4 0,63 AIG-23-13 24 31,05 7,05 15,36 24 25 1 103,86 Carbonatized lamprophyre and vein syenite. Scarce pyrite Free Gold 2023 RESULTS
Slide 24: Goldfields drill intercepts
Name 74-01 ProfDe_m 119,78 ProfA_m 149,65 Length 29,87 Au-g/t 0,6 GOLDFIELDS 74-01 135,02 138,07 3,05 1,58 74-06 130,45 134,11 3,66 0,71 83-01 54 67,55 13,55 0,48 Calculation of composites and modeling 83-01 93,07 111,29 18,22 2,86 83-05 36,58 70,39 33,81 0,71 ✓88 mineralized intervals 83-05 57,1 70
Slide 25: Goldfields Exploration Potential
View from above GOLDFIELDS Exploration Potential Geometric 4 subparallel lenses, NNE orientation Dip >65° Dive NNE 70° Open laterally and at depth Modeled tonnage (density d=2.8) Princ-1: 217 500 t Princ-2: 436 000 t Sat-1: 30 800 t Total: 684 300 tons Note: Non NI-43101 compliant Average grade Arit
Slide 26: Appendix II: Condor
APPENDIX II «CONDOR» *** Martin Demers géo.
Slide 27: Exploration on Condor
EXPLORATION ON «CONDOR» Location Why did GOLDFLARE choose ➢ Cléricy syenite “CONDOR”? ➢ Unexplored and poorly understood ➢ Attractive geological context for the discovery of a major deposit based on gold mineralization models. ➢ Surface showings > 1g/t Contribution of the global understanding of Arc
Slide 28: Condor
Yvan Vézina Destorbelle Mine Goldfields Fayolle Pit CCONDOR ONDOR ✓ Structural: Porcupine-Destor Fault Extension ✓ Geology: Complex alkaline syenite Sediments ✓ Deposit: Disseminated gold (Fm Kewagama) mineralization in porphyritic syenite Cléricy Syenite and lamprophyre dykes ✓ Similarities: Douay
Slide 29: Exploration Works
10 targets in preparation for a follow-up CDR-22-21 CDR-22-23 EXPLORATION WORKS CDR-23-29 CDR-23-25 ✓Initial soil geochemistry coverage (200 samples) ✓Geophysics test: Ore Vision, 7km ✓Photo-interpretation of structures ✓Structural mapping ✓Prospecting and surface CDR-22-14 sampling CDR-23-30 Result
Slide 30: Condor-1 Selected Results
CONDOR-1 Coord-UTMnad83,Z17 DDH_No From: To Length Au_g/t CDR-22-10 7.9 47.9 40 0.285 17 24.15 7.15 1.03 659451E - 5364941N incl. 17 18 1 3.63 37.4 42.5 5.1 0.55 CDR-22-11 9.5 37.3 27.8 0.155 659402E - 5364962N incl. 9.5 12.2 2.7 1.12 CDR-22-12 38.2 109.7 109.7 0.065 659410E - 5364892N Gold particle
Slide 31: Condor Section
CONDOR Section ✓ Drilled to a depth of 100 meters ✓ Dominant auriferous "onion skin" pattern following the magmatic fabrics of the dykes. ✓ To date: mineralized cores at 0.5 to 1 g/t surrounded by an anomalous envelope covering over more than 100 meters.
Slide 32: Condor On the Ground
ON THE GROUND A B CONDOR A. Mineralized NE structure > 1g/t (Condor-1) B. Mutual intersection hematized syenite – granitic aplite (Condor-1) C. Mineralized North-South shear with porphyritic dyke (Unique initial showing) D. Example of chloritized porphyritic syenite C D
Slide 33: Condor Target Modeling
TARGET MODELING CONDOR Potential targets Gold axes Based on 2022-23 ✓ 1 X 2km Corridor drilling ✓ Open to the north and +-500 meters south ✓ Demagnetization pattern ✓ Chargeability associated ✓ Structural expression observed on the surface with geochemical signature Gold axes Based on 2022- 23 drill
Slide 34: Condor Continuity of Proposed Surveys
CONTINUITY OF PROPOSED SURVEYS CONDOR M ag anomaly (susceptibility) associated with carbonatized lamprophyre Modeling ✓ First conclusive Proven Gold geochemical and Axis geophysical tests = Targets = Susceptibility of magnetic ✓ Value added with anomalies = Proven Gold Axis inversion methods ✓ Incre
Slide 35: Questions
QUESTIONS ??? « Proud of our team»
Slide 36: To become a model for tomorrow
«To become a model for tomorrow»
Goldflare Exploration — Investor Presentation (August 2023) on 6ix