Homestake South Winter Drilling 2018

Transcription

1 TSX.V: MMV World s Richest BIF Hosted Gold Belt +60 Million ounce Homestake District South Dakota, USA TSX-V MMV -OTCQB-MNRLF Homestake South Winter Drilling 2018

2 TSX.V: MMV Project Location 2 Homestake South Gold Project, South Dakota, USA 0 10 km

3 TSX.V: MMV Homestake South Land & Data Consolidated-Now Drill Ready 3 Dominant land position: 7516 acres (30.4 km 2 ), 100% MMV controlled; First time majority of the Homestake South District is under one company control First time comprehensive (~$20M), historical, proprietary, multi-company drilling, geological / structural / geochemical database has been assembled, and the first helitem Mag and EM with 3D modelling to focus exploration at District scale Management & technical team has deep geological and operational expertise in Homestake Belt, Homestake deposit geology and other BIF hosted gold deposits High potential to host a Tier 1 gold system: +60 M oz Homestake District is 25 km to the north. Homestake South District has the same scale potential as the Homestake North 5 target trends in Homestake South with high-grade gold; each with potential to host multi-million oz, 8-10 gpt Au, Homestake - type Ledge gold deposits Homestake South is vastly under-explored: Only Standby Trend has (limited) deep drilling; other New 3D targets tested only to shallow depths, or not at all. Black Hills is pro-mining: Operating gold mine (Wharf), skilled workforce, excellent infrastructure, year-round access, and supportive State and Federal permitting

4 TSX.V: MMV Management Team 4 Directors & Management Nelson Baker Barry Coughlan Trevor Thomas Brian Corrall Brad Baker Gary Clark Maribel Jordan Director President and CEO Director Executive Chairman Director Independent Director Independent Director VP Corporate Development Director Independent Chief Financial Officer

5 TSX.V: MMV Technical Team & Advisors 5 Technical Team and Advisors Proven Ore Finders Robert Brozdowski, Ph.D., P. Geo., VP Exploration Robert has over 30 years of diverse global minerals exploration experience in iron formation-hosted gold deposits, base metals, magmatic sulfides and uranium for a wide range of clients. With Western Mining Corporation from , he co-managed their Joint Venture with Homestake Mining Corp. targeting iron formation-hosted gold deposits in the Black Hills, South Dakota, focused on the Rochford District, from Curt E. Hogge, M.Sc., Chief Geologist Curt has over 30 years of diverse mineral exploration experience, with an extensive background in iron formation-hosted gold deposits including Proterozoic Homestake-type in the Black Hills, South Dakota and Archean-type in the Wyoming Province of Montana and Wyoming; and Proterozoic Lake Superior-type in the North-Central US. He managed Noranda s Rochford Gold District project from , and worked later in the District with Naneco Resources, Genesis Gold Ltd. and BHB Partners. Kevin W. Leonard, B.Sc., P. Geo., Project Manager Kevin has over thirty-three years diversified mineral exploration experience in gold and base metal projects globally, including exploration management for Royal Oak Mines (US), and global property acquisitions and economic evaluations for LAC Minerals, American Barrick, St. Joe Canada, HudBay Exploration, Royal Oak Mines (US) and Urangesellschaft Canada. Since 2012, Kevin is Project Manager for Mineral Mountain, including in the Keystone Gold District about 35 km south of the Rochford Gold Project, where he managed a US $6.9M drill program for iron formation-hosted gold in the Holy Terror Project. Kevin has dual US and Canadian citizenship, and his very strong leadership and personal skills make him an ideal on-site ambassador for the Company.

6 TSX.V: MMV Technical Team & Advisors 6 Technical Team and Advisors Proven Ore Finders David Shaw, Ph.D., P. Geo., Technical Advisor - Geology David has nearly 30 years of technical and executive experience in the resource and financial industries, with specific emphasis on technical and financial due diligence of resource projects, including in the Birimian Gold Belt of West Africa. He serves, and has served, in an extremely wide variety of Directorships, Senior Management, Finance and Senior Technical roles for numerous resource and financial companies. Directly relevant to his Technical Advisor - Geology role with Mineral Mountain Resources, he completed his Ph.D. in Structural Geology from Carlton University, Canada in 1980, and later worked with Chevron Canada Resources Ltd. as an In-house Structural Consultant on both their metal and hydrocarbon exploration programs. Rick Adams, Technical Advisor - Mining Former director of the Company June 1, September Mr. Adams is a professional engineer with over 4 decades of experience. Mr. Adams is a graduate of South Dakota School of Mines and Technology in Rapid City, S.D. and has been involved in all stages of mining operations and development in Canada and internationally, in capacities ranging from project engineer to Senior Vice President. He is has been the Chief Operating Officer of Carlisle Goldfields Limited since November 1, 2011.

7 The Target: Another Homestake Mine TSX.V: MMV years of operation* +40 M oz Au production from gpt Au Open below 8500 foot level Richest, deepest iron formation hosted gold deposit in the world *Homestake was discovered in 1876, and closed in 2001 due to gold price; did not run out of ore

8 TSX.V: MMV HOMESTAKE SOUTH 3 New Large 3D Gold Targets 8 Homestake District World s Richest BIF Hosted Gold Belt 3 New Gold Targets #9 Ledge Scale Potential +60 million Au Now NASA LAB Closed

9 TSX.V: MMV 9 Homestake Gold Ore Ledges ROSS SHAFT This is a very important slide! What it shows is the 11 Iron Gold ore bodies that were mined all had a very consistent grade of gold, with an average of 8.38 g/tonnes no matter what the size of the ore body. The main ore body was 70m ton m oz. Au produced and the #9 ore body was 36m ton 9.50m oz. Au produced. It has been MMV s objective to find Gold /hosted Iron formations that have scale. The New Sept D MAG has outlined 3 look alike Targets with scale to the Main & #9 ledge,see sides # Upper Tail Centroid 4850 LEVEL Homestake Mine MAIN LEDGE Longitudinal Section composited orebody projections Homestake Iron Formation metres #4 SHAFT Lower Tail

10 TSX.V: MMV New #9 Ledge Scale Targets Winter Drill Program New Northern 3 rd Target #9 Ledge Scale Standard Mine 2 nd Target #9 Ledge Scale Standby Mine 1 st Target 1000 ft. Wide 3500 ft. Long 4500 ft. Deep Three #9 Ledge size Targets Winter Drill Program 2018 Standby Mine body has the volume required to host a large gold resource

11 TSX.V: MMV st High Priority Gold Target Surface sampling averaged 10 grams per tonne Au across 9.1 meters (30 Ft) of outcrop. A Shaft was sunk to the 425-foot level and underground channel sampling (consecutive series) assayed 6.0 grams per tone Au over 10.1 meters (33 ft.) Standby Mine 3D Target 1000 ft. Wide 3500 ft. Long & 4500 ft. Deep Homestake Intersected grams Au per ton across 3.94 meters (12 ft.) at the 1500 m (4500 ft.) level in 1986 In 1982, Getty Oil drilled hole S-1 intersecting the gold zone at the 600 ft. level: Here, the Standby gold zone was 37.5 m wide (123 ft.) with locally quartz-flooded, heavily mineralized iron formation and visible gold noted in four areas along the core. Mineral Mountain s winter drill program will re-drill the Getty Oil S-1 hole with visible gold and then complete 11 more drill holes down plunge to about the 395 m (1200 ft.) level to determine the grade and width of this unique gold target

12 TSX.V: MMV 12 Standby High Priority Winter Drill Target This Very Important slide showcases the Current High Priority Winter Drill Target This outlined target area is the Downward plunge in the Standby mine. This unexplored 1500 m 3D section of this drill target is the current focus for a 4300m 12 hole drill program. This structure has 10 grams over 9.1 m 30 ft. on the surface and over 10 grams over 3.94m 12 ft. at 1500m.

13 TSX.V: MMV 1 st High Priority Gold Target 13 Homestake #9 Ledge-scale 10 grams Gold over 9.7 meters (30 Ft.) On Surface ft. wide 4500 ft. One Mile Deep We can only see half the Target 10 grams on Top and Bottom? 3500 ft. long Grams Over 3.9 meters (12 ft.) at the 4500 ft. level

14 1 st High Priority Gold Target for 2018 Winter Drill Program TSX.V: MMV 14 Drilling Budget 2018-Q1-Q2 Standby Mine Target: Drilling down-plunge Prove Homestake Model applies in Homestake South 4,300m in 12 holes (4 sites, 3 holes per set-up) Drilling Budget: US Funds Core Drilling.. 4,300 m at $200/m.. $860,000 Core Analysis; 4,300m at $11/m 47,300 Core cutting and core storage... 40,000 3D interpretation from Airborne Geophysics. 75,000 Total (US Funds) $1,022,300

15 TSX.V: MMV Homestake Mine/Homestake South Shared Characteristics 15 Stratigraphy: Basalt, graphitic & sulfidic pelite, iron formation, meta-clastics Metamorphic Grade: Biotite-garnet isograd transects both districts Folding: Key tight to isoclinal SSE-plunging F2 folds Shear Zones: NNW-trending, near-vertical, brittle-ductile deformation zones: 2 at Homestake, 5 at Rochford: Au Target Trends (Ore Ledge Locations) are intersections of deformation zones with thickened iron formations in F2 synclines Gold Ore Host Rock: Chert-grunerite-siderite-pyrrhotite iron formation Alteration: Arsenopyrite; extensional Au-bearing quartz veins with chlorite selvages Gold Endowment: > 40M gpt Au in 152 Million tonnes at Homestake

16 TSX.V: MMV Homestake South: Poised for Discoveries! 16 Homestake South: Exploration Stage

17 Share Structure TSX.V: MMV 17 Listing (July 2010 IPO) TSX-V: MMV Issued and Outstanding 66,371,172 Warrants 23,032,962 *2.62 $ (Sept 2018)financing *3.948 mil 2 $0.40 yr1 and $0.55 yr2 (March 2017 financing) $0.45 expires March ,456,000 Jan and Jan with acceleration clause trading over.50 for 21 days Homestake Iron Formation gold ore Options 4,515, ) 11.13m@.35 Fully Diluted 93,919, Cash ~ $2,900,000

18 TSX.V: MMV Forward Looking Statement 18 This presentation may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, and other similar words, or statements that certain events or conditions may or will occur. Forward-looking statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forwardlooking statements. These factors include inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices and other factors described above and in the Company s public filings which can be found at The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management s estimates or opinions could change. The reader is cautioned not to place undue reliance on forwardlooking statements. Most information with respect to resources and assays are historical in nature and the Company makes no representation as to its accuracy.

19 TSX.V: MMV 19 Appendix: Detailed Technical Figures Homestake South District geology, structure and gold mineralization Standby Trend long section, cross section, and details Cochrane Trend long section and cross section Geophysics applied to targeting drilling, from interpretation of Magnetics products

20 Controls on District Gold Trends TSX.V: MMV 20 Rochford Ledge-type gold targets are controlled by the intersection of steep deformation zones with iron formation in structurally thickened F2 synclinoral fold axes Elevated gold concentrations (50 to >1000 ppb Au) in rock grab samples typically highlight target trends (based on ~1700 samples) But, outside the target trends, rocks typically contain < 25 ppb Au (smallest dark dots) Cochrane Gold in Rock Grab Samples Standby

21 Geophysical Zones of Interest from Magnetics TSX.V: MMV 21 Mineral Mountain delineated target trends Ledge-type gold targets are controlled by the intersection of steep NNW-SSE deformation zones with iron formation in structurally thickened F2 synclinoral fold axes. Lack of major offsets by these NNW-SSE structures and subparallel elongated expression of high-magnetic bodies along these structures suggests many of the interpreted structures are nearly parallel to F2 folds. Geophysical Interpretation Zones of Interest are outlined where interpreted iron formation units (high-mag and analytical signal) may be structurally thickened and steepened (parallel to subparallel to interpreted steep fold axes). Geophysical Interpretation Zones of-interest

22 TSX.V: MMV Company Contact 23 HOMESTAKE SOUTH Homestake Gold Belt Black Hills, South Dakota, USA Thank You! Brad Baker West Broadway Vancouver, BC V6H 3X5 Tel: Fax: MMV-TSX.V MNRLF-OTCQX