CAUTIONARY STATEMENT

Transcription

1 AUGUST 2018 RLG

2 CAUTIONARY STATEMENT Some of the statements contained in this presentation are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: ability to raise financing for further exploration and development activities; risks relating to the estimates of reserves, deposits and production costs; extraction and development activities; the risk of commodity price fluctuations; political regulatory and environmental risks; and other risks and uncertainties in the reports and disclosure documents filed by West Red Lake Gold Mines Inc. from time to time with Canadian securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Documents used for reference in this presentation can be found on our Company s website at and on SEDAR at The technical information presented has been reviewed and approved by Ken Guy, P.Geo., a consultant to West Red Lake Gold Mines Inc. and the Qualified Person responsible for the exploration at the West Red Lake Project property, as defined by National Instrument Standards of Disclosure for Mineral Projects. 2

3 STRATEGY Near term strategy is to explore and develop a significant high grade gold resource at the Rowan Mine including scoping studies and baseline environmental studies Long term strategy is to realize the greater potential of the West Red Lake Project including the Mount Jamie and Red Summit Mines and the Structural Intersection drill target The overall strategy is to develop a gold property asset that is attractive to the mining industry and the investment community 3

4 INVESTMENT HIGHLIGHTS 1.1 million inferred ounces of high grade gold in the prolific Red Lake Gold District of Ontario, Canada resource open at depth West Red Lake Project property hosts three former gold mines, located only 20km from Goldcorp mines Goldcorp is a funding partner at the Rowan Mine property (RLG 60%- operator; Goldcorp 40%) Management team has a successful track record of growing junior resource companies and attracting high profile acquisition partners Diamond drill programs ongoing 4

5 MANAGEMENT TEAM Tom Meredith, Executive Chairman Former President & CEO of Lexam VG Gold John Heslop, Vice Chairman Former President & CEO of Thundermin Resources, and former President of PDAC John Kontak, President and Director Former President of Victory Gold Mines Ken Guy, Exploration Manager Over 30 years experience in exploration and development projects in Northern Ontario Dan Crandall, Director & Audit Committee Chair CFO of several publicly traded resource companies Michael Dehn, Director Former Senior Geologist with Goldcorp and former President & CEO of Nayarit Gold 5

6 CAPITAL STRUCTURE Trading Symbol RLG Issued and outstanding 122,582,259 Warrants 2,516,666 Options 4,000,000 Fully Diluted 129,098,925 Warrants Expiry 2,516,666 at $0.25 Jun 29, 2019 Options Expiry 4,000,000 at $0.10-$0.26 August August

7 LOCATION: RED LAKE GOLD DISTRICT One of Canada s Most Prolific Mining Districts 7

8 RED LAKE GOLD DISTRICT Red Lake, Ontario, Canada has produced nearly 30 million ounces of high grade gold 18 million ounces of gold production has come from the nearby Goldcorp mines (Campbell and Red Lake Mines) Other major gold mines in the area include the Madsen, Cochenour, Gold Eagle, and Starrett Olsen Mines Goldcorp s Red Lake Mine produced 325,000 ounces of gold in

9 WEST RED LAKE GOLD PROPERTY The West Red Lake Project is situated on key regional geological structures known as the Pipestone Bay St Paul Deformation Zone, Golden Arm Structure, and the NT Zone 12km of gold mineralized strike length 3100 hectare property only 20km west of Goldcorp s mines, on a key geological trend The West Red Lake Project property encompasses three former gold mines: Rowan Mine Red Summit Mine Mount Jamie Mine Good potential to increase and upgrade the Feb NI resource Significant exploration targets at the Structural Intersection 9

10 ROWAN MINE NI 43:101 Total Inferred Resource Tonnes Grade gpt Au Contained oz. Au 4,468, ,087,700 Price of gold: $1150; $US Exchange rate US$: CDN$0.77; Block cutoff grade: 3.0 gpt Au; Numbers may differ due to rounding Blocks Greater than gpt Au Tonnage T x 1000 Grade Au Contained oz. Au , , ,087, ,188, ,351,800 RLG has a 60% interest in the NI resource estimate The resource information is from the NI filed in Feb and has been reviewed and approved by Ken Guy, P.Geo., a consultant to West Red Lake Gold Mines Inc. and the Qualified Person responsible for exploration at the West Red Lake Project property, as defined by NI Standards of Disclosure for Mineral Projects. 10

11 ROWAN MINE PROPERTY Goldcorp and West Red Lake Gold Mines have formed a JV on the Rowan Mine property (RLG as operator 60%; Goldcorp as funding partner 40%) Good potential to expand the Rowan Mines Gold Zones to depth in the vicinity of the Rowan Mine Shaft and upgrade the current Rowan Mine resource Preliminary economic scoping studies and environmental studies ongoing 101A Structural Intersection target 1.5km east of the Rowan Mine Shaft provides significant exploration potential 102B 104D 103C 11

12 PRIMARY EXPLORATION TARGETS 12

13 SIGNIFICANT DRILL RESULTS Selected Results at Rowan Mine Gold Zones Hole # From (m) To (m) Gold (g/t) Width (m) HY B RLG RWU RV RW a HYR RLG HYR HY RLG RLG Intervals reported here are core lengths. True widths are not known at this time. All depths are reported as down hole. 13

14 MOUNT JAMIE MINE PROPERTY Mount Jamie Mine property is 100% owned by RLG Produced gold from 770 foot deep shaft during the 1930 s The mine trend crosses the property and hosts the former Mount Jamie Mine, Rowan Mine and Red Summit Mine Exploration drilling ongoing 14

15 RED SUMMIT MINE PROPERTY Red Summit Mine is 100% owned byrlg The property consists of 2 claims within the Rowan Mine property, situated on the mine trend Red Summit Mine hosts several known gold zones and a 575 foot shaft last in production in the 1930s with an average grade of 14.6gpt Au Drilling provided high grade results and opportunity for extension of the mineral zone 15

16 EXPLORATION PROGRESS Diamond drill program ongoing Metallurgical studies at the Rowan Mine property Preliminary economic and environmental studies ongoing Drill results from 2017 exploration programs at Rowan Mine property and Mount Jamie Mine property Drilled 19,632 Metres Drilled 1416 Metres Drilled 1767 Metres Drilled 5176 Metres Exploration Drilling at Rowan Mine and Mount Jamie Mine Exploration Drilling Earned 60% Interest in Rowan Mine Property Drilled Rowan Mine Gold Zones Develop NI Report NI Report Filed Feb 18 Preliminary Permitting Work Economic Studies 16

17 CONTACT US 82 Richmond Street East Suite 200 Toronto, ON M5C 1P1 CANADA Office: RLG