Exploring for a Tier 1 Gold System

Transcription

1 TSX.V: MMV ROCHFORD GOLD PROJECT In the +60 Million oz Homestake Gold Belt South Dakota, USA Exploring for a Tier 1 Gold System October 31st, 2017

2 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

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

4 De-Risked, District-Scale Opportunity 4 TSX.V: MMV Dominant land position: 7516 acres (30.4 km 2 ), 100% MMV controlled; First time majority of District is under one control First time comprehensive (~$20M), historical, proprietary, multi-company drilling (3D) and geological / structural / geochemical database has been assembled, along with first helicopter mag-vtem, to focus exploration at District scale Management & technical team has deep geological and operational expertise in Rochford District, Homestake deposit geology and other iron-formation hosted gold deposits High potential to host Tier 1 gold system: +40 M oz Homestake District is 25 km to north 5 target trends in Rochford District with high-grade gold; each with potential to host multi-million oz, 8-10 gpt Au, Homestake - type Ledge gold deposits Rochford District is vastly under-explored: Only Standby Trend has (limited) deep drilling; other trends tested only to shallow depths, or else not drilled Black Hills is pro-mining: Operating gold mine (Wharf), skilled workforce, excellent infrastructure, year-round access, and supportive State and Federal permitting

5 TSX.V: MMV Management Team 7 Directors & Management Nelson Baker Barry Coughlan Trevor Thomas Marshall Bertram 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

6 TSX.V: MMV Technical Team & Advisors 8 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.

7 TSX.V: MMV Technical Team & Advisors 9 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.

8 TSX.V: MMV Homestake Closure vs Inflation Adjusted Gold Price 11 At Mine closure in 2001: Homestake Mine was 2.4 km (1.5 miles) deep Au was $280 USD, it s lowest nominal & inflation-adjusted price since the early 1970 s Rochford District: Homestake explored Standby Trend , ~$4M spent However, North Drift discovery 3 miles NW of Homestake Mine took priority; Standby was put on hold, despite early technical successes Homestake Mine Closure 2001

9 First Mover-Growth of Land Package TSX.V: MMV : Staked Initial VC Lode Claims March 2016: Added BHB Lode Claims April 2016: Added VCA Lode claims Current: Added Standby Patents, VCB Lode Claims, and N. Cochrane Claims Total: acres ( hectares) Total: acres ( hectares) Total: acres ( hectares) Total: acres ( hectares) Lawrence County Pennington County Lawrence County Pennington County Lawrence County Pennington County Lawrence County Pennington County

10 Rochford Gold District Potential TSX.V: MMV 10 ~12 early 1900s small high grade mines Standby Mine down-plunge trend: Historic intercepts include 4.61 gpt Au / 12.19m & gpt Au / 3.05m Cochrane Mine: Non NI compliant inferred resource of 268, gpt Au; MMV holds down plunge trend Majority of historic drill holes in District are shallow; no drilling since 1997 At least 5 high priority ledge-style gold target trends defined to date by MMV Each target trend has space to host a multi-million-ounce gold resource at 8-10 gpt Au, comparable to a Homestake Mine Ore Ledge Cochrane Standby

11 TSX.V: MMV 11 Homestake Gold Ore Ledges ROSS SHAFT Gold ore host is gruneritesiderite-chert-pyrrhotite iron formation Ore ledges occur in thickened synclinal fold hinges, where these are cut by late, sub-parallel, steep brittle-ductile deformation zones Centroids of ore ledges occur where plunges of F2 folds flatten Ore - associated alteration includes anomalous Au & As, with late extensional quartz veins exhibiting well-developed chlorite selvages Upper Tail Centroid 4850 LEVEL Homestake Mine MAIN LEDGE Longitudinal Section composited orebody projections Homestake Iron Formation metres #4 SHAFT Lower Tail

12 TSX.V: MMV Homestake/Rochford: Shared Characteristics 12 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

13 Homestake 9-Ledge / Standby Analogy TSX.V: MMV 13 NNW HOMESTAKE DEPOSIT 9-LEDGE STANDBY MINE GOLD DEPOSIT (currently known extent) SM gpt Au/14m SSE SM86-1B gpt Au/3.35m SM87-3A gpt Au/3.05m BLG-UG gpt Au/12.19m Plunge section of Homestake 9-Ledge vs. known Standby Deposit gold mineralization, at same scale Shallow Au mineralization at Standby is comparable to an Upper Tail position in the 9-Ledge at the Homestake Mine Goal is to follow and extend Standby Mine gold mineralization down plunge to discover a Homestake Ledge-Type Ore Centroid in Rochford District Currently defined Au mineralization at Standby is on MMV controlled ground, and is open downplunge A number of historic gold intersections from Homestake s drilling provide direct evidence for significant Au mineralization, and justify exploring the Standby trend down-plunge

14 TSX.V: MMV D High-Mag Outlining Drill Targets New Northern 3 rd Target Standard Mine 2 nd Target Standby Mine 1 st Target 1000 ft. Wide 3500 ft. Long 4500 ft. Deep See October 24,2017 Press on Winter Drill Program 1 st Magnetic body has the volume required to host a large gold resource

15 TSX.V: MMV D High-Mag Outlining 1 st Drill Target Surface sampling averaged 10.0 grams per tonne Au across 10 meters A Shaft was sunk to the 425-foot level and underground channel sampling (consecutive series) assayed 6.0 grams per ounce per tonne Au over (33 ft)11.1 meters Standby Mine 3D 1 st Target 1000 ft. Wide 3500 ft. Long & 4500 ft.deep In 1982, Getty Oil drilled hole S-1 intersecting the gold zone at the 600 ft. level: Here, the Standby gold zone was ft. wide (37.5 m) 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 8 more drill holes down plunge to about the 1200 ft. level to determine the grade and width of this unique gold target.

16 Geophysical Zones of Interest from Magnetics TSX.V: MMV 16 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

17 TSX.V: MMV 20 Homestake 9-Ledge / Cochrane Analogy MMV Claims Plunge section of Homestake 9-Ledge vs. known Cochrane Deposit gold mineralization, at same scale Shallow Au mineralization at Cochrane is comparable to an Upper Tail position in the 9-Ledge at the Homestake Mine Goal is to follow and extend Cochrane gold mineralization down plunge to discover a Homestake Ledge-Type Ore Centroid in Rochford District Currently defined Au mineralization in Cochrane Trend plunges into MMV controlled ground; open down-plunge

18 TSX.V: MMV Cochrane Grid Section 10,000N 19 Section through Cochrane Deposit on patented claims 268, g/tonne Au (non compliant resource) Up plunge from MMV claims Legend 7.99 gpt/10.67m 6.96 gpt/13.72m 8.26 gpt/7.16m 6.24 gpt/7.74m CR88-2 CR gpt/7.62m 4.46 gpt/6.10m GCM83-2 CR89-27 CR89-28 Undiff. Metasediments Iron Formation Zebra Phyllite Felsic Intermediate Volcanics

19 TSX.V: MMV 2017 Plans 5 Drill Standby Mine Gold Deposit Down Plunge 3,200m drilling planned; approximately 9 DDHs from 3 sites; planned Q3 drilling start Drilling Permit has been approved; allows for up to 10 holes from each of 12 sites Plan to use Homestake Gold Mine DDH strategy, which has been proven successful Expand historic high grade Ledge-type gold deposit down plunge from Standby Mine Homestake Mining Company concluded Standby Mine Trend had 9-Ledge potential (i.e. 9 million ounces Au), but left Rochford District to focus on a new discovery accessible from the Homestake Mine Progress Rochford District-Scale Work Geologic mapping, sampling and permitting on Bloody Gulch, Lookout and Standard Mine trends

20 Proposed Budget 2017 TSX.V: MMV 20 Proposed Budget - Q3 & Q Standby Mine Target: Test down-plunge for major ore ledge Prove Homestake Model applies in Rochford District 3,200m in 9 holes (3 sites, 3 holes per set-up) Proposed Budget: US Funds Core Drilling.. 3,200 m at $200/m.. $640,000 Core Analysis; 3,200m at $11/m 35,200 Core cutting and core storage... 30,000 3D interpretation from Airborne Geophysics. 75,000 Geological Mapping and Sampling 50,000 Additional land consolidation.. 250,000 Property Option Payments. 215,000 Annual maintenance fees (Lawrence and Pennington Counties) 100,000 Drill Permitting on US Forest Service Lands ,000 G & A (12 months).. 310,000 Contingency, 10%. 180,500 Total (US Funds) $1,985,700 Total (CDN Funds). $2,382,840

21 Share Structure TSX.V: MMV 4 Listing (July 2010 IPO) TSX-V: MMV Issued and Outstanding 51,915,172 Warrants 8,410,762 *2.62 $0.60 yr 1 and $0.90 yr 2 (Sept 2016 financing) *3.948 mil 2 $0.40 yr 1 and $0.55 yr 2 (March 2017 financing) * $0.45 expires March 2019 Options 4,710, ) Homestake Iron Formation gold ore Fully Diluted 65,035,934 Cash ~ $200,000 Market Capitalization ~ $12.5 million as of: September 25 th 2017

22 TSX.V: MMV Rochford Gold Project: Poised for Discovery! 22 Rochford Project: Exploration Stage

23 TSX.V: MMV Forward Looking Statement 23 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.

24 TSX.V: MMV Company Contact 23 ROCHFORD GOLD PROJECT 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