Value Through Exploration Success & Development. January Investor Presentation

Transcription

1 Value Through Exploration Success & Development 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 nearly every year Stable environmental regulations, economy & mining infrastructure Consistently ranked within the top 10 gold jurisdictions in the world to explore and mine by the Canadian Fraser Institute BVA:TSX.V BRTN:STU January 2019 Investor Presentation J.A. Kizis, Jr., (AIPG CPG-11513, Wyoming PG-2576), President of Bravada, is the Qualified Person that created or supervised & approved release of the technical information in this disclosure

2 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 statements may be identified by the use of words such as believes, anticipates, expects, estimates, may, could, would, will, or plan. Since forward looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, reclamation, capital costs, and the company s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as but not limited to; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the Company expects to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company s activities; and changing foreign exchange rates and other matters discussed in this presentation. Persons should not place undue reliance on the Company s forward-looking statements. Further information regarding these and other factors, which may cause results to differ materially from those projected in forwardlooking statements, are included in the filings by the Company with securities regulatory authorities. The Company does not assume any obligation to update or revise any forward looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws, whether as a result of new information, future events or otherwise. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this presentation, that has been prepared by management. BVA:TSX.V BRT: BRTN:STU FSE 2

3 Bravada Gold Corporation 2018 Highlights Wind Mountain Completed mapping, sampling, & reprocessing geophysical data, which support the possibility for a multi-million oz, high-grade feeder that was the upwelling zone for the existing Indicated + Inferred Gold/Silver Resource; drill testing planned SF Drill ready for 2019, proof-of-concept drill holes to a discover gold deposit in similar host rocks & structure as the nearby large, high-grade Goldrush deposit. Highland Completed earn-in Option Agreement in December 2018 for OceanaGold to earn up to 75% interest for US$10MM in expenditures and payments. Quito Received drill permit, pending posting of bond, for planned 2019 drilling to extend historically mined high-grade mineralization at this past-producing property. Baxter Expected to be drill ready after 2019 soil sampling to extend shallow, oxide mineralization discovered at the Sinter target to a new target ~600m to the west. East Manhattan Drill ready, subject to funding. Pete Hanson & Gabel Expected to be drill ready after a soil sampling on each property. North Lone Mtn Initial drilling of zinc and gold soil anomalies planned by partner in Shoshone Pediment Permitting two barite open pits continues by Baker Hughes, royalty to Bravada expected early Drayton (Ontario, Canada) Completed sale to Group Ten for shares & 1%NSR royalty BVA:TSX.V BRTN:STU BRT: FSE 32 property agreements with 19 public companies since

4 Bravada Risk Management Limit Commodity Risk - Focus exploration for Gold & Silver Limit Country Risk - Focus on Nevada, USA Limit Deposit Risk - Focus on Carlin-type & Low-sulfidation-type systems because they are usually the most profitable Au/Ag deposits Limit Investment Risk - Target discovery of very large, high-grade deposits to attract the maximum interest when successful Limit Investment Risk - Follow a Portfolio Approach with Advanced-stage properties Intermediate-stage properties Early-stage properties Limit Discovery Risk Proof-of-Concept Drilling makes new discoveries Limit Property Risk - Partner with others to decrease $$ Risk and leverage Talent Limit Lost-opportunity Risk - Employ an experienced & talented team to recognize opportunity The goal of Discovery is to add significant Share Value by Minority working interest Sale BVA:TSX.V BRTN:STU BRT: FSE Royalty interest Spin-out production company 4

5 A high-quality portfolio of properties with demonstrated gold mineralization in one of the world s premier gold-producing regions Wind Mountain BVA (100%) Oxide, open-pit/heap leach resource; 2017/18 drilled 2 Proofof-concept holes targeting feeder zone with follow-up drilling planned 2019 Highland Dec 2018 Option up to 70% to OceanaGold, high-grade Midas style gold veins, open for expansion & new veins under sinter and shallow gravel cover Baxter BVA (100%) Shallow oxide gold discovery with follow up surface sampling & drilling planned 2019 East Manhattan BVA (100%) Midas style gold veins drilled by BVA extended by geophysics under thin cover, drill ready BVA:TSX.V BRT: BRTN:STU FSE Shoshone Pediment Baker Hughes permitting 2 open pits for barite, BVA royalty from production Shoshone Pediment Wind Mtn. SF Pete Hanson Gabel. NoLM Quito SoLM Highland Baxter East Manhattan BVA has 11 Nevada properties (~9,200 hectares) with 4 currently funded by partners 5 SF BVA (100%) Drill targeting the same host rocks & structure as at Barrick s nearby large Goldrush/Red Hill deposit; Plan 2019 drilling North Lone Mtn Nevada Zinc funding initial drilling program in 2019, up to 50% NZN/50% BVA South Lone Mtn Nevada Zinc purchasing from BVA with retained royalty to BVA, drilling oxide zinc deposit on NZN s adjacent claims Quito Former gold producer, four new sites permitted for 2019 drilling, earn-in up to 100% by BVA from Yamana

6 New 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 H with 12.2m of 7.17g/t Au/108g/t Ag incl. 1.5m of 50g/t Au/345g/t Ag Future exploration down dip & below thin gravel cover along strike and on multiple parallel veins BVA:TSX.V BRTN:STU 6

7 Wind Mountain BVA s Flagship Property Historic Production/Established Resource/HG Upside in Feeder BVA:TSX.V BRT: BRTN:STU FSE 7 Highlights: 100% owned Au + Ag open-pit/heap-leach NI resource estimate & positive PEA in 2012 Exploring for a high-grade Feeder ; possible expansion of shallow resource into undrilled areas Historic Production by Amax Gold: 299,259oz Au recovered from 434,089oz Au mined, with 1,769,426oz Ag recovered (closed 1997) Current Resource Estimate (oxide at 0.005opt Au cut off): Indicated = 570,500oz Au with 14,700,000oz Ag Inferred = 354,300oz Au with 10,100,000oz Ag Positive PEA Au & $24.42/oz Ag: IRR = 29% Pre-tax & 21% After-tax NPV@5% = $42.9 M Pre-tax & $26.5 M After-tax

8 Wind Mountain 2012 NI 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 resource reported Inferred resource contains 10,115,000 oz silver, whereas no previous silver resource reported BVA:TSX.V BRT: BRTN:STU FSE See news release NR dated April 11, 2012 for details of the resource update. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as mineral reserves. There is no assurance that any part of the resources will ultimately be converted to mineral reserves. 8

9 9 High-grade Au in Fractures Feeder Target: Concentrate Fractures = Concentrate Grade C. Payne, 2014, M.S. Thesis (Laser Ablation ICP MS) Au Gold Concentration In ppm 30 ppm ~1 oz/ton 28 ppm 26 ppm 24 ppm 22 ppm 20 ppm 18 ppm 16 ppm 14 ppm 12 ppm 10 ppm 8 ppm 6 ppm 4 ppm 2 ppm 0 ppm ~1/2 oz/ton 0.2 mm Ag 5000 ppm 4500 ppm 4000 ppm 3500 ppm ~ ppm oz/ton 2500 ppm 2000 ppm 1500 ppm 1000 ppm 500 ppm Hg 3000 ppm 2800 ppm 2600 ppm 2400 ppm 2200 ppm 2000 ppm 1800 ppm 1600 ppm 1400 ppm 1200 ppm 1000 ppm 800 ppm 600 ppm 400 ppm 200 ppm As 7000 ppm 6500 ppm 6000 ppm 5500 ppm 5000 ppm 4500 ppm 4000 ppm 3500 ppm 3000 ppm 2500 ppm 2000 ppm 1500 ppm 1000 ppm 500 ppm 0 ppm 0 ppm 0 ppm

10 Detailed Total Mag with Location of Preserved Steam-heated Alteration & Geochem bullseye Strong NNWtrending 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 Mtn Fault Recent Basin Fault 10

11 Wind Mountain Feeder Target Structure Waste from Wind Pit Heap leach pile Calcite +/- Quartz veins +/- Au/Ag values Intense steam-heated alteration WM BVA:TSX.V BRTN:STU 11 South End Inferred Resource

12 Feeder Target Fluid Source for Shallow Oxide Resource & Potential High-grade Au/Ag Mineralization Northwest Steam-heated Alteration Projected SW to section from hills WM South End Resource Projected SW to section Southeast Feeder zone target Multi-million Oz Au What s the Evidence? Potential Along +4km NNE trend of Au/Ag mineralization NE Fault(?) intersection (Mag low) Evidence of boiling (Steam-heated alteration) at top of nearby hills Unaltered rocks below existing deposit & sinter facies indicate distal from fluid source 100m Thick zone of alteration with anomalous Au/Hg in new host rock (WM17-097) Select sampling of late veins consistent with 12 upwelling hydrothermal fluids

13 Removing Post-mineral Fault Offsets Show Feeder Relationship to Existing Oxide Resource 13 Wind Pit Oxide Resource Intersection of NNW & NE faults Surface Intense Steam-heated Alteration Surface

14 QUITO PROJECT Looking Southeast production reported 174,460 Oz Au from original published reserve of 1.7MM short 6.34g/t Au* BVA:TSX.V BRTN:STU FSE *Bravada has not independently confirmed either the past production or remaining resource, and these historic figures should not be relied upon 14

15 Claim Outline 342 lode claims on USFS land (~2,768 hectares) Minor patented claims within claim outline not shown, but are outside of target areas Paleozoic Lower Plate Carbonates Cambrian Lower Plate Clastics Ji Qal Tv Quito Geology Valmy Upper Plate Clastics Aspen Quito Extension Q-4 Russ Ki Primary Exploration Targets along axis of anticline BVA:TSX.V BRT: FSE 15

16 Quito Intersecting Faults Make High-grade +17g/t Au +8.5g/t Au +3g/t Au +1.7g/t Au +0.5g/t Au BVA:TSX.V BRTN:STU Looking down plunge -30, 150 degrees at 8200 & 8100 benches, plus drill intercepts 16

17 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 SF Project BVA:TSX.V BRTN:STU BVA:TSX.V BRTN:STU 17

18 Interpretation: SF Interpreted Cross Section Same Great Host Rocks / Same Great Potential 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 East West Proposed R.C. holes Est. 350m TD East 0.03 g/t Au 0.1g/t Au >0.3 g/t Au 180m 180m Magenta breccia pattern high-grade Au Orange color lower-grade Au halo HC05-01 >0.3 g/t Au ~500 meters km

19 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 Cnyn Wenban/Horse Cnyn Structure thrust stack thrust stack Exposed Alteration none clay, FeOx after py See Barrick Website for details BVA:TSX.V BRTN:STU BVA:TSX.V BRTN:STU 19

20 Baxter Project Sinter Target Tr Td Tb Tsl Tb Sinter Target Drilling West Vein Target Tr Ta Qal 243 Lode Claims On BLM-administered Land Ta Ta Tr Tsl Chugiak Target Baxter Target Qal Rock assays <0.1 to 43.7 g/t Au BVA:TSX.V BRTN:STU BRT: FSE 20

21 Sinter Target Cross section 3D view looking north Post-mineral basalt Sinter Target Drilling Dacite Flow Dome Rhyolite & Rhyolite Breccia BAX g/t Au w/in Au Andesite (Magnetic) x x x x x Source (?) Intrusion x x x x 21 Andesite (Magnetic) Andesite (Magnetic) Drill-hole assays as disks 1g/t Au & above 0.1 to <1.0g/t Au 0.05 to <0.1g/t Au meters

22 Bravada Gold Corporation - Summary 3 projects funded by partners 2018, new partner signed for Highland in December Wind Mountain: Oxide, open-pit/heap leach resource with potential near-term production; Potential for multi-million-ounce, high-grade feeder zone Drilling planned 2019 SF Project: Similar host rocks/geological setting as at Barrick s nearby Goldrush/Red Hill discovery Drilling planned 2019 Highland: Optioned to OceanaGold 2019 plans include detailed mapping, including sinter facies, geophysics, targeting, and permitting of drill sites Quito: High-grade past-producer, ~US$1.1 spent towards $2.5MM earn-in from Yamana for an initial 70%. Drill ready Baxter: Previous partner drilling intersected anomalous concentrations of gold including hole BAX17-07 with 3.0m of 3.7g/t Au within 9.1m of 1.38g/t Au ~600m west of the Sinter Target Soil sampling planned, then drill ready Other projects: Low-sulfidation-type East Manhattan is drill ready after reprocessing of geophysics completed; Carlin-type Pete Hansen & Gabel drill ready after soil sampling completed & interpreted South/North Lone Mountain: Both optioned to Nevada Zinc Purchase of SoLM from BVA for cash & royalty (NZN drilling oxide zinc deposit on adjacent claims) & 50/50 JV option for NoLM Shoshone Pediment: Optioned to Baker Hughes Permitting in process for barite mine Royalty to BVA expected early in 2020 BVA:TSX.V BRTN:STU 22

23 Management & Directors Senior Management Joseph Kizis, Jr., P.Geo. President Graham Thatcher, ACCA CFO Lawrence Page, Q.C. Legal/business advisor Arie Page Corporate Secretary Elliott Crist, P.Geo. Chief Geologist John Cox, P.Geo. Manager of Development Debbie Schneider, P.Geo. Data-base Manager and Computer Geologist Directors Joseph Kizis, P.Geo. President and Director Lawrence Page, Q.C. Director and Chairman Nigel Bunting Director G. Ross McDonald, CPA, CA Director John Kerr, P.Eng. Director Michael Rowley, P.Bio. Director Donald Head, Ll B Director A Manex Resource Group Company As a Manex Resource Group company, Bravada Gold Corporation benefits from shared expertise in: Corporate finance Public company administration Investor relations Technical and geological services BVA:TSX.V BRTN:STU BRT: FSE 23

24 Corporate Information Vancouver Office: Bravada Gold Corporation Suite West Hastings St. Vancouver, BC, V6E 3T5, Canada Market Cap January 03, 2019 ~$5 $0.095/share Shares Outstanding 55,118,619 Fully Diluted 96,012,382 Options Outstanding 4,705,500, ~Cd$850,000 to Bravada if all exercised Warrants Outstanding 36,026, ,510 Finder s Warrants, ~Cd$4.6MM to Bravada if all exercised Reno Mailing Address: Bravada Gold Corporation 4790 Caughlin Pkwy, #207 Reno, NV USA Reno Office Location: Bravada Gold Corporation 4600 Kietzke Lane, Building B, Suite #112 Reno, NV Tel: Management & close associates ~13% BVA:TSX.V BRTN:STU BRT: FSE 24