Corporate Presentation September 2017

Transcription

1 Corporate Presentation September

2 Disclaimer Statements contained in this presentation that are not historical facts may be forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995 and forward looking information under similar Canadian legislation (collectively, "Forward Looking Information"). Forward Looking Information includes, but is not limited to, statements regarding the Company s strategic plans, property search and evaluation plans, estimated levels of mineral reserves, mineral resources and expenditures, success of exploration activities, and acquisition targets and commitments. Forward Looking Information is based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. In certain cases, Forward Looking Information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would, and is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource estimates, the timing and amount of future exploration and development expenditures, the availability of necessary financing and materials to continue to explore and develop properties, the receipt of necessary regulatory approvals, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward Looking Information. Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to changes in metal prices and the worldwide demand for and supply of metals, risks related to increased competition in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, risk of delays or increased costs during the development process and relating to the acquisition of licenses and permits, regulatory risks, risks related to disputes concerning property titles and interest, and environmental risks. This list is not exhaustive of the factors that may affect any of the Company's Forward Looking Information. These and other factors should be considered carefully and readers should not place undue reliance on the Company's Forward Looking Information. The Company does not undertake to update any Forward Looking Information or statements that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. The technical content of this presentation has been prepared by Roger Moss, Ph.D., P.Geo. the company s qualified person. 2

3 Labrador Golden Opportunity Large under-explored properties, including significant portion of greenstone belt Potential for discovery of new gold district(s) Experienced exploration management with success in finding gold deposits First mover advantage Aggressive exploration program underway first results expected in Q First stage drilling on selected targets in 2018 Politically stable jurisdiction supportive of mineral exploration 3

4 Executive Management Shawn Ryan - Technical Advisor 20 years of gold exploration experience resulting in the discovery of 7.5M ounces Au in three deposits Recipient of the 1998 Yukon Chamber of Mines Prospector of the Year Award, 2010 Spud Huestis Award, and 2011 PDAC Prospector of the Year Award Founder & Technical Advisor of GroundTruth Exploration, developer of innovative exploration techniques (e.g. Drones to Drill) with significant experience in northern Canada Roger Moss, P.Geo - Chief Executive Officer Professional geologist with 20 years international experience in copper and gold exploration Instrumental in discovery of the multi-million ounce Navachab gold deposit in Namibia 16 years in senior management roles including 13 years as President and CEO of Nikos Ph.D. from University of Toronto, currently adjunct Professor in Lassonde Mineral Engineering Program 4

5 Labrador Properties Ashuanipi Property Area: 740 square kilometres (Km 2 ) 35 km south of Schefferville linked by rail to Sept Isles in the south Target Iron formation hosted gold Nain Property Area: 503km 2 Target: Orogenic Gold associated with Torngat Orogen Ashuanipi Nain Hopedale Hopedale Property Area: 458km 2 East end of property on tidewater southeast of Hopedale Target: Greenstone hosted gold 5

6 Infrastructure Ashuanipi 35km south of Schefferville Schefferville linked by rail to port of Sept Iles to south Nain-Hopedale Eastern claims on tide water 30km from community of Hopedale Daily air service from Happy Valley-Goose Bay Ashuanipi Schefferville Tshiuetin Railway Churchill Falls Hopedale Nain Hopedale Happy Valley-Goose Bay Quebec North Shore and Labrador Railway 6

7 Ashuanipi One of largest lake sediment gold anomalies in Labrador No real modern day systematic exploration program has ever been undertaken in the area In 2010, Rockland Minerals announced a drill intersection of m of 2.23 g/t Au 30 km north in same geology Despite recent work by federal and provincial geological surveys, Labrador portion has seen only a few local exploration programs mostly prospecting for rusty outcrop More gold anomalies in lake sediment in Labrador than around known gold showings on Quebec side Data from recent Geological Survey of Canada airborne magnetic survey covers 70% of existing claims, aids in tracing iron formation New regional geological mapping by the Newfoundland Geological Survey, Tim van Nostrand Previous work by geochemist John McConnell clearly shows that simple soil sampling works to locate anomalous gold bearing iron formation 7

8 Hopedale Hopedale claims cover most of the Hopedale volcanic belt (80 km) a little known greenstone belt Under explored for gold despite known showing of 3-4 grams per tonne gold Less than $150,000 expenditure in past gold exploration compared to + $500 million in other northern greenstone belts Almost complete (75%) airborne geophysical coverage from historical surveys completed in the uranium exploration rush The community of Hopedale is located 30 Km from the Hunt claims Thunderdog claims lie on tidewater 8

9 Nain Sneegamook is the largest and most intense gold lake sediment anomaly in Labrador No exploration for gold ever undertaken on Sneegamook or Pocket Knife Lake targets Sneegamook and Pocket Knife lake targets lie along the Churchill Nain terrane boundary Orogenic gold target greenschist facies rocks associated with the Torngat orogen that defines the Churchill-Nain terrane boundary Aucoin gold showing is also situated on the terrane boundary and is dated at 1873 Ma age (Trans-Hudson gold event) Sneegamook and Pocket Knife Lake Claims Au Coin Showing 9

10 Share Structure Ticker TSX-V: NIK Share Price[September 27, 2017] $0.22 Market Capitalization $5.6 million Issued and Outstanding Shares 25.7M Warrants 7.5M Options 2.0M Fully Diluted Outstanding Shares 35.1M Debt Nil Insider Ownership: 23.5% Including Plethora Precious Metals 16% 10

11 Planned Exploration 2017 Airborne Geochem Ashuanipi Hopedale - Nain - Prospecting Planned budget: $1.6 million Lake sediment sampling Soil sampling ridge and spur Prospecting & rock sampling Fixed wing airborne magnetics 11

12 APPENDIX 12

13 Ashuanipi Magnetics Recent Geological Survey of Canada magnetic survey covers large parts of the Ashuanipi claims Use of modern day magnetic filters such as tilt derivative can aid in Interpretation Possible to identify potential iron formation and structure 13

14 Ashuanipi Geochemistry Geochemical compilation map of anomalous gold in lake sediments (coloured squares) rocks with +100ppb Au (coloured stars) rusty gossans (orange circles) from GSC mapping Clear grouping of anomalies are apparent and constitute preliminary targets for follow up in first phase exploration 14

15 Ashuanipi Potential Recent Mapping by NLGS indicates similar lithologies on Labrador side of border to those on Quebec side Higher gold values found in lake sediments in Labrador than around known gold showings on Quebec side Overall lack of detailed exploration in Labrador portion of Ashuanipi complex and the success of exploration in Quebec indicates good potential for discovery 15

16 Nain-Hopedale Geochemistry Gold in lake sediments Arsenic in lake sediments No gold exploration ever undertaken at Smeegemook or Pocket Knife Lake Hopedale greenstone volcanics show significant arsenic anomalies some of which correlate with gold Largest and most intense gold in lake sediment anomaly in Labrador Gold samples from Thunderdog have a direct correlation with arsenic 16