Bravada Gold Corporation · TSXV:BVA
Bravada Gold — Investor Presentation (January 2020)
41 slides from Bravada Gold's investor presentation, January 2020
Slide 1: Nevada Au/Ag Prospect Generation to Development
Nevada Au/Ag Prospect Generation to Development Wind Mountain Open Pit January 2020 Investor Presentation BVA:TSX.V | BRTN:STU J.A. Kizis, Jr., (AIPG CPG-11513, Wyoming PG-2576), President of Bravada, is the Qualified Person that BGAVF:OTCQB created or supervised & approved release of the technical
Slide 2: Forward-looking Statement
Forward-looking Statement Some of the statements contained in this presentation may be deemed “forward-looking statements.” These include estimates and statements that describe the Company’s future plans, objectives or goals, and expectations of a stated condition or occurrence. Forward-looking stat
Slide 3: Bravada is a Manex-group Company
Bravada is a Manex-group Company ➢ The Manex Resource Group is a private company that creates and grows junior explorers ➢ The Group has raised +Cd$350 million since 1997 resulting in significant discoveries in Canada, US, & Mexico that have increased shareholder value Bravada Senior Management Brav
Slide 4: Capital Structure
Capital Structure Market Cap January 13th, 2020 • ~$6.5 Million @ $0.095/share Shares Outstanding • 68,501,261 Fully Diluted • 122,551,566 Options Outstanding • 4,980,000, ~Cd$850,000 to Bravada if all exercised (strike prices range from $0.07 to $0.25, average $0.17, next expiration 2021) Warrants
Slide 5: Why Prospect Generation?
Why Prospect Generation? Prospect Generators use Partner Funds to: • Increase odds of success by advancing more projects • Reducing their own burn rate • Minimize dilution for existing shareholders • Maximizing their exposure to project success & rising gold prices rise BVA:TSX.V BVA:TSX.V| |BRTN:ST
Slide 6: Partner Companies since 2005
Partner Companies since 2005 Agnico-Eagle Argonaut Baker Hughes Canterra Coeur Group Ten Gunpoint Kinross Major mining company in red M. Hochschild Mid-tier mining company in blue Mantra Nevada Zinc OceanaGold Newcrest Newmont NuLegacy Placer Dome/Barrick Terra Rossa Yamana 32 property agreements wi
Slide 7: Why Gold?
Why Gold? The Trend is Up ? BVA:TSX.V BVA:TSX.V| |BRTN:STU BRT: FSE 7 BGAVF:OTCQB
Slide 8: Why Nevada? The place to be for GOLD
Why Nevada? The place to be for GOLD Carlin Gold trend Wind Mountain Battle Mountain/Eureka Gold trend Walker Lane Gold trend NEVADA FACTS • Produces ~5MM oz Au/year, ~7% of the world total, ~1/4 from underground mines • Proven + probable gold reserves are stable, ~75MM ounces, replacing production
Slide 9: Wind Mountain – BVA’s Flagship Property
Wind Mountain – BVA’s Flagship Property Historic Production/Established Resource/HG Upside in Feeder Highlights: • Formerly operating open-pit/heap-leach mine that produced 299,259oz Au & 1.8MMoz Ag by Amax Gold (closed 1997), now 100% owned by BVA • NI 43-101 resource estimate & positive PEA in 201
Slide 10: Success for Bravada: Near-term Goals for 2020
Success for Bravada Near-term Goals for 2020 What will success look like? • High-margin Au/Ag discoveries of +500,000 ounces of Au-eq or moderate-margin resources of +3million ounces of Au-eq • Attracting larger JV partners, particularly experienced miners, under attractive terms to Bravada • Ex. –
Slide 11: Bravada – Comparison to other juniors
Bravada – Comparison to other juniors Bravada BVA:TSX.V BVA:TSX.V| |BRTN:STU BRT: FSE 11 BGAVF:OTCQB
Slide 12: Value through Discovery
BVA.V – Value Proposition Bravada is advancing its attractive portfolio of Nevada gold/silver properties with industry partners to unlock & increase shareholder value • Significant discoveries are getting harder to find – you have to know where to look • We focus on Nevada, rated #1 region in the wo
Slide 13: Bravada Projects
Bravada Projects BVA:TSX.V | BRTN:STU 13 BGAVF:OTCQB
Slide 14: Bravada’s Portfolio of Projects
Bravada’s Portfolio of Projects What are we looking for? • New high-margin Gold and Silver deposits • Located in Nevada (ranked #1 in the world for exploration in 2019 by the Canadian Fraser Institute) • Acquired under attractive terms that allow for well-funded JV partners to advance while maintain
Slide 15: The Projects
The Projects Shoshone Pediment Wind Mountain Development Exploration/development Baker Hughes permitting 2 open pits for BVA (100%) Oxide, open-pit/heap leach barite, BVA royalty from production 43-101 resource; 2017/18 drilled 2 Proof- of-concept holes targeting “feeder” zone SF with follow-up dril
Slide 16: Wind Mountain – BVA’s Flagship Property
Wind Mountain – BVA’s Flagship Property Historic Production/Established Resource/HG Upside in Feeder Highlights: • Formerly operating open-pit/heap-leach mine that produced 299,259oz Au & 1.8MMoz Ag by Amax Gold (closed 1997), now 100% owned by BVA • NI 43-101 resource estimate & positive PEA in 201
Slide 17: Wind Mountain 2012 NI 43-101 Resource Update
Wind Mountain 2012 NI 43-101 Resource Update 2012 Mineral Resource Estimate highlights increased value in the project • Indicated resource increased to 570,500 oz gold • Inferred resource increased to 354,300 oz gold • Indicated resource contains 14,736,000 oz silver, whereas no previous silver reso
Slide 18: Wind Mountain 2012 NI 43-101 Resource Update
Wind Mountain 2012 NI 43-101 Resource Update Sensitivity to Pre-tax Cash-flow, Operating and Capital Costs Operating Cost Cash-Flow Sensitivity NPV@5%, in Revenue thousands IRR -30% $ 110,868 64% -20% $ 88,212 53% NPV@5%, in -10% $ 65,555 41% Base $ 42,898 29% thousands IRR Gold Price* Silver Price*
Slide 19: Feeder Target – Fluid Source for Shallow Oxide Resource & Potential High-grade Au/Ag Mineralization
Feeder Target – Fluid Source for Shallow Oxide Resource & Potential High-grade Au/Ag Mineralization Steam-heated South End Resource Southeast Projected SW to section Alteration Projected SW to section WM17-097 from hills Northwest Feeder zone target Multi-million Oz Au What’s the Evidence? Potential
Slide 20: Wind Mountain - Next Steps
Wind Mountain - Next Steps Attract a well-funded JV partner to conduct a 2-prong program • Conduct drill-testing of the feeder target, a potentially high-grade, large tonnage “game-changer” for the property (est. US$400,000 for initial drill holes) • Complete limited in-fill drilling, engineering, a
Slide 21: SF Project
SF Project World-class Cortez Gold District SF is within the intersection of the ~40Ma Battle Mtn trend and the ~15Ma Northern Nevada Rift, both important gold events BVA’s SF Project BVA:TSX.V BVA:TSX.V || BRTN:STU BRTN:STU Bravada drilled 2 proof-of-concept RC holes in 2019 BGAVF:OTCQB 21
Slide 22: Value through Discovery
BVA.V – Value Proposition Bravada is advancing its attractive portfolio of Nevada gold/silver properties with industry partners to unlock & increase shareholder value • Wind Mountain already has a significant resource and a potentially “game- changing” Feeder Target that has been refined for drill t
Slide 23: QUESTIONS?
Corporate Information Vancouver Office Bravada Gold Corporation Suite 1100-1199 West Hastings St. Vancouver, BC, V6E 3T5, Canada Reno Mailing Address Reno Office Location Bravada Gold Corporation Bravada Gold Corporation 4790 Caughlin Pkwy, #207 4600 Kietzke Lane, Building B, Suite #112 Reno, NV 895
Slide 24: Appendix - Additional Project Slides
Appendix - Additional Project Slides We Explore for Carlin & Low-sulfidation Au/Ag Deposits Barrick’s Goldstrike Gold Mine Yellowstone Park geyser (USA) Sinter pool Driver for scale Hishikari (Japan) banded bonanza-grade veins BVA:TSX.V BVA:TSX.V|| |BRTN:STU BVA:TSX.V BRTN:STU BRT: FSE BGAVF:OTCQB 2
Slide 25: Nevada Barite Production vs Price
Nevada Barite Production vs Price Source: R. Perry, 2019, Commission on Mineral BVA:TSX.V BVA:TSX.V || BRTN:STU BRTN:STU Resources: 2019 MALRI Conference March 14-15, Reno BGAVF:OTCQB 25
Slide 26: 2020 Barite Royalty?
2020 Barite Royalty? Shoshone Pediment – Oblique View to ESE Scruffy Barite Deposit (not BVA, being permitted By Baker Hughes) Shoshone Pediment Barite Deposit (BVA) Miller Barite Mine (not BVA, inactive) BVA claims Optioned to Baker-Hughes • Permitting 2 open pits for barite, mining expected 2020 •
Slide 27: Shoshone Pediment Barite Property
Shoshone Pediment Barite Property Baker Hughes processing plant Shoshone Pediment (Scruffy Mine) Property Source: R. Perry, 2019, Commission on Mineral BVA:TSX.V BVA:TSX.V || BRTN:STU BRTN:STU Resources: 2019 MALRI Conference March 14-15, Reno BGAVF:OTCQB 27
Slide 28: Wind Mountain - Geologic Setting
Wind Mountain - Geologic Setting +4km Zone of Au Mineralization G.T. Rhodes et.al., 2011, M.S. Thesis mapping (NBMG Open-file Report 11-X) Water well intercept North Hill deposit Wind Mtn & Breese open pits South End North deposit 1,000m WMSF = Wind Mtn Step-over Fault 2017/8 Wind Mtn D.H., w/ direc
Slide 29: High-grade Au in Fractures, Concentrate Fractures = Concentrate Grade
High-grade Au in Fractures, Concentrate Fractures = Concentrate Grade C. Payne, 2014, M.S. Thesis (Laser Ablation–ICP–MS) Au 30 ppm 28 ppm ~1.0 oz/ton 26 ppm 24 ppm 22 ppm 20 ppm 18 ppm 16 ppm ~0.5 oz/ton 14 ppm 12 ppm 10 ppm 8 ppm 6 ppm 4 ppm 2 ppm ~0.1 oz/ton 0 ppm 0.2 mm 5000 ppm 3000 ppm 7000 pp
Slide 30: Detailed Total Mag with Location of Preserved Steam-heated Alteration & Geochem “bullseye”
Detailed Total Mag with Location of Preserved Steam-heated Alteration & Geochem “bullseye” Strong NNW- trending low (alteration?) Strong NE-trending low (alteration?) Intense steam-heated alteration Strong NW-trending features & change to NNW in center of Au anomaly Powerline feature +200m Qal Wind
Slide 31: Wind Mountain – Feeder Target Structure
Wind Mountain – Feeder Target Structure Heap leach Waste from Wind Pit pile Calcite +/- Quartz veins +/- Au/Ag values Intense steam-heated alteration WM17-097 BVA:TSX.V | BRTN:STU South End Inferred Resource BGAVF:OTCQB 31
Slide 32: Removing Post-mineral Fault Offsets Show Feeder Relationship to Existing Oxide Resource
Removing Post-mineral Fault Offsets Show Feeder Relationship to Existing Oxide Resource Wind Pit Oxide Resource Intersection of NNW & NE faults Surface Intense Steam-heated Alteration Surface 32
Slide 33: Recent Partner for Highland - OceanaGold
Recent Partner for Highland - OceanaGold Sinter New targets preserved at East Highland below Sinter Highland Main Zone Drilling at West Highland below vein outcrop & trench exposures BVA’s R.C. hole H03-013 with 12.2m of 7.17g/t Au/108g/t Ag incl. 1.5m of 50g/t Au/345g/t Ag Future exploration down d
Slide 34: Sinter Mapping in Nevada
Sinter Mapping in Nevada Highland Project Wind Mtn Project Figure from Hamilton et.al., 2016, The Kohuamuri siliceous sinter as a vector for epithermal mineralization, Coromandel Volcanic Zone, New Zealand: Miner Deposita. BVA:TSX.V BVA:TSX.V || BRTN:STU BRTN:STU BGAVF:OTCQB 34
Slide 35: SF Interpreted Cross Section
SF Interpreted Cross Section Same Great Host Rocks / Same Great Potential Interpretation: • Thrust model w/ high-grade breccia in core of hanging wall anticline within Unit 5 of the Wenban Fm • Surface Au anomalies are possible leakage from significant mineralization in favorable hosts below West Ea
Slide 36: Goldrush Complex
Goldrush Complex Geological Comparison to BVA’s SF project Feature Goldrush SF Carlin-type Au Trend Battle Mtn/Eureka Battle Mtn/Eureka Low-sulfidation-type Au Trend western edge of NNR eastern edge of NNR (Northern Nevada Rift) Surface mineralization none float to +100ppb Au Host rocks Wenban/Horse
Slide 37: Baxter Project
Baxter Project Tr Sinter Target Drilling Sinter Target Tb Tsl Td Tb West Ta Vein Target Tr Qal Ta Chugiak 243 Lode Claims Ta Target Tsl On BLM-administered Baxter Land Tr Target Rock assays <0.1 to 43.7 g/t Au Qal BVA:TSX.V BVA:TSX.V|| |BRTN:STU BVA:TSX.V BRTN:STU BRT: FSE BGAVF:OTCQB 37
Slide 38: Andesite (Magnetic) Sinter Target
Sinter Target Cross section 3D view looking north Post-mineral basalt Sinter Target Drilling Dacite Rhyolite & Flow Dome Rhyolite Breccia BAX17-07 3.0m @ 3.7g/t Au Andesite w/in (Magnetic) 9.1m @1.38g/t Au Andesite Drill-hole assays Andesite (Magnetic) (Magnetic) as disks 1g/t Au & above 0.1 to <1.0
Slide 39: East Manhattan Cross Section B-B’
East Manhattan Cross Section B-B’ +3,000ppb Au Looking West 1,000-3,000ppb Au 300-1,000ppb Au 100-300ppb Au Proposed hole, permitted site A, C, or D Tertiary Caldera-margin Volcanic breccia Tertiary Caldera-fill Ash-flow tuffs 14m / 2.89g/t Au & 14m / 0.80g/t Au 2,200m Tertiary Caldera-fill Target A
Slide 40: East Manhattan Cross Section A-A’
East Manhattan Cross Section A-A’ Looking West +3,000ppb Au 1,000-3,000ppb Au 300-1,000ppb Au Proposed holes, 100-300ppb Au permitted site J 10.7m / 1.41g/t Au Incl. 2m / 6.31g/t Au 2,200m Tertiary Caldera-fill Ash-flow tuffs Tertiary Caldera-fill Ash-flow tuffs Target 100 m ?? Unconformity target??
Slide 41: The Technical Team Early-stage Discoveries
The Technical Team Early-stage Discoveries NEVADA OTHER REGIONS ➢ Buffalo Valley (multiple deposits) ➢ Au ➢El Barqueno ➢ Au - Mexico ➢ Cortez District (multiple deposits) ➢ Au ➢El Foco ➢ Au - Venezuela ➢ Easy Junior (multiple deposits) ➢ Au ➢El Penon (Tres Tontos deposit) ➢ Au/Ag – Chile ➢ Green Spr