LUCKY STRIKE PROPERTY A NEW GOLD DISCOVERY NEAR SURFACE OXIDE GOLD IN THE HEART OF THE WHITE GOLD DISTRICT YUKON

Transcription

1 TSX.V:GSR LUCKY STRIKE PROPERTY A NEW GOLD DISCOVERY NEAR SURFACE OXIDE GOLD IN THE HEART OF THE WHITE GOLD DISTRICT YUKON 1

2 FORWARD LOOKING STATEMENT Forward looking statements contained in this Presentation that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", occur" or "be achieved". Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward- Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this Presentation, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this Presentation to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events This Presentation is not for redistribution. TSX.V:GSR 2

3 CAPITAL STRUCTURE SHARE STRUCTURE SHARES OUTSTANDING 190,343,723 WARRANTS OUTSTANDING 44,964,996 OPTIONS OUTSTANDING 28,350,000 FULLY DILUTED 263,658,719 Total cash position of $6 million (incl. receivables), No Debt TSX.V:GSR 3

4 Discovered in late 2017 by discovery drill hole DDLS that returned 5.36 g/t Au over 22m Location: White Gold District (WGD), central Yukon, Canada Over 150 sq km land package, 100% owned with no underling royalties, NSR or property payments Majority of the property remains unexplored with strong additional discovery potential Over 7 million oz of gold discovered since 2007 in the WGD Only 15km east of the Golden Saddle deposit and 24km northeast of Gold Corp s Coffee Creek deposit in an area with no previous recorded exploration work. Property is unglaciated and drains multiple gold producing placer creeks still in operation today Goldcorp s haul road crosses property in two places Property contains a permitted airstrip River access, 2 barge landings and large maintained airstrip in close proximity TSX.V:GSR 4

5 White Gold Corp TSX.V:GSR 5

6 LUCKY STRIKE GOLD DISCOVERY 2017 was the inaugural drill program on the property with 1000m of drilling over 9 holes and returned 5.36 g.t Au over 22m in hole 9 and intersected near surface gold mineralization in every hole. 10 km gold trend delineated by soil sampling geophysics, prospecting and bedrock trenching and drilling (2017) 5 main gold zones: Monte Carlo, Belmont, Samson, Boss and Maverick Only Monte Carlo drilled and DDLS returned 5.36 g/t Au in Highly significant when compared to Golden Saddle discovery hole of 4.1 g/t Au over 18m and Coffee discovery drill hole of g/t Au over 15.5m Free gold in quartz vein - Monte Carlo Zone The anomaly at Monte Carlo is 1450m X 450m and remains open. This area is large enough in scale to host a deposit the likes of either The Golden Saddle deposit or Goldcorp s Supremo Zone. To date, all 8 trenches along the 450m strike length at Monte Carlo have encountered near surface gold mineralization in bedrock and many drill targets remain to be tested. Monte Carlo has a northwest trending geophysical signature indicating a mineralized contact or structure that has been mapped using IP, ground mag and airborne geophysics. This is coincident with gold mineralization seen in the 2016 and 2017 trenches. This anomaly is observed at depth and along strike for 700m and remains open. Coffee Creek gold deposit was discovered by drill testing gold-in-soil anomalies (also unglaciated terrain) that were typically associated with well-defined magnetic responses. visible gold Samson Zone TSX.V:GSR 6

7 IP clearly shows structural contact that aligns with gold mineralization in trenches. Anomaly is observed both at depth and along strike for 700m and remains open TSX.V:GSR 7

8 NEAR SURFACE GOLD MINERALIZATION TSX.V:GSR 8

9 NEAR SURFACE GOLD MINERALIZATION TSX.V:GSR 9

10 Trenching at Lucky Strike The longest trench intersection at Lucky Strike returned 0.42 g/t Au over 154m The longest trench intersection at Goldcorp s Supremo Zone reported in 2009 is 0.40 g/t over 100m TSX.V:GSR 10

11 GOLDSTRIKE RESOURCES MONTE CARLO TRENCHES TR = 0.42 g/t Au over 154m TR = 15.5 g/t Au over 2m TR = 2.73 g/t Au over 12m including 5 g/t Au over 6m TR = 0.63 g/t Au over 6m TR = 5.15 g/t Au over 6.8m including 15.5 g/t Au over 2m GOLDCORP S SUPREMO ZONE TRENCHES Coffee Property Supremo Zone Trenching 2009 TR = 0.40 g/t over 100m TR = g/t Au over 5m TR = 1.76 g/t Au over 25m TR = 0.62 g/t Au over 15m TR = 2.3 g/t Au over 21m including 8.56 g/t Au over 15m TSX.V:GSR 11

12 2017 Drilling at Lucky Strike TSX.V:GSR 12

13 COMPARISON TO NEARBY DEPOSITS GOLDCORP COFFEE CREEK DEPOSIT Discovery Trench g/t Au over 21m Discovery hole g/t Au over 15.5m Press release-may-4 th km Gold Trend Main anomaly 1.5km x 2km DEPOSIT SIZE 3M oz 1.5g/t Au* SOLD FOR $520,000,000 KINROSS GOLDEN SADDLE DEPOSIT Discovery Trench g/t Au over 40m Discovery hole 4.1 g/t Au over 18m Approximate anomaly* 2km x 1km soil anomaly DEPOSIT SIZE 1M oz 3.2 g/t Au* SOLD FOR $140,000,000 GOLDSTRIKE LUCKY STRIKE 1000m in 2017 Discovery Trenches g/t Au over 78m including 2.73 g/t Au over 12m and 15.5 g/t Au over 2m Discovery hole 5.36 / 22m Press release-sep km Gold Trend Main anomalies 1.5 km x 800m remains open 1.45km x 350m remains open DEPOSIT SIZE To be determined??? SOLD FOR To be determined??? *Approximate size and grade TSX.V:GSR 13

14 Four gold zones yet to be tested along a 10km trend 10 KM TREND OF GOLD DISCOVERIES 70% of property remains unexplored BELMONT ZONE: Gold in soil up to ppb Au, 1500m X 800m soil geochemical anomaly and similar magnetic feature as Monte Carlo trending northwest SAMSON ZONE: Gold in soil up to 91.9 ppb Au, 600m X 300m soil geochemical anomaly, trench results up to 0.32 g/t Au, including 0.41 g/t Au, visible gold in rock 10 km trend BOSS ZONE: 1000m X 1000m soil geochemical anomaly, soils returned values over 700 ppb Au, 9.9 g/t Ag, grab samples up to 41.7 g/t Au in rock MAVERICK ZONE: 150m X 200m soil geochemical anomaly, soils returned values 90 ppb Au TSX.V:GSR 14

15 Budget for drilling announced KAMINAK 2009 Discovery Year Trench results 2.3 g/t over 21m New soil anomaly 2009 Where was the opportunity? GOLDCORP PAYS $520 M Acquires Coffee Creek PEAK KAMINAK Life Cycle DISCOVERY DEVELOPMENT 17.1 g/t Au over 15.5m TSX.V:GSR 15

16 THE LUCKY STRIKE OPPORTUNITY Extensive drill program planned for 2018 to expand on the 2017 discovery drill hole of 5.36 g/t Au over 22m and to outline the full geometry of the gold mineralization 100% owned, no property payments, no NSR fully funded and in good standing 10km trend containing 5 large gold zones that are wide open for expansion and remain to be tested Large IP anomaly on gold trend observed at depth and along strike for 700m and remains open Over 150 sq km land package, largely unexplored with excellent additional discovery potential Within close proximity to two major gold deposits owned by Goldcorp and White Gold Corp Highly analogous to both Goldcorp s Coffee Creek and White Gold s Golden Saddle deposits in grade, geology, geochemistry, structure, size, orientation and location Good infrastructure; Goldcorp's haul road crosses property in two places, barge access and large airstrip nearby and permitted airstrip on property Over 4000 geochemical soil samples to date Airborne geophysical, radiometric, LiDAR and IP surveys completed Gold in rock grab samples up to 41.7 g/t Au Experienced team with proven track record of success Property drained by several gold bearing placer creeks with long history of production Yukon voted 3 rd for Canadian mining investment attractiveness by Fraser Institute June 2016 Fully permitted for drilling and advanced exploration TSX.V:GSR 16

17 WHITE GOLD PORTFOLIO 2018 TSX.V:GSR 17

18 White Gold District Yukon New discovery in m x 150m gold in soil anomaly that remains open with gold in soil values up to 4.11 g/t Au and is trench ready in preparation for drilling Excellent potential for a significant drill discovery in the near term Accessible by winter trails and within 15km of airstrip No property payments or underlying royalties HOT SPOT PROPERTY TSX.V:GSR 18

19 GSR TSX.V 19

20 Plateau Property A district scale gold system 3167 claims 662 sq km TSX.V:GSR 20

21 PLATEAU PROPERTY Strategic alliance with Newmont Mining Corp valued at CAD $53M Newmont plans for 10,000 meters of drilling at Plateau district scale gold system in Newmont is a world-class miner and partner with the depth and experience to take the Plateau district scale gold system from exploration through development and into production. Highlights of the Newmont and Goldstrike agreement from 2017 Phase 1 Newmont must spend CAD $17.4M in exploration expenditures and pay CAD $8M (Total of CAD $25.4M) by March 2021 to earn 51% interest. This includes completing a NI resource estimate. Newmont s firm commitments over 2017 and 2018 of Phase 1, including the financing at CAD $ per unit (closed), cash payments and exploration expenditures, total CAD $14,658,450 (includes USD $2M in cash payments). Phase 2 If Newmont elects to proceed with Phase 2, it must incur a minimum of an additional CAD $21.4M (US$16M) in exploration expenditures and complete a feasibility study by December 15, 2027 to earn an additional 24% for a cumulative total of CAD $ 53M. If it does not complete Phase 1 and Phase 2, its interest will revert to a 49% dilutable interest. TSX.V:GSR 21

22 PLATEAU PROPERTY Strategic alliance with Newmont Mining Corp valued at CAD $53M (continued) After completion of Phase 2, Newmont must fund all expenditures at Plateau, including ongoing drilling and any other exploration, and environmental compliance, until it delivers a program and budget for the development of the first mine or mines on the property. If Goldstrike then exercises its Financing Option, Newmont must fund 100% of all costs relating to the Plateau project for the duration of the Venture, including all mine development costs, with Goldstrike s share of such costs to be repaid from 80% of Goldstrike s share of project cash flow. TSX.V:GSR 22

23 BOARD AND TEAM Terry King, Chairman, CEO & President more than 20 years experience in corporate finance and securities matters former Chairman of the B.C. Chapter Securities and Natural Resources Subsection (mining, oil and gas) of the Canadian Bar Association Former principal of Holmes & Bilawich, an association of law corporations Dr. Lawrence (Larry) Dick, Ph.D., P.Geo., Director over 35 years of mineral experience, an internationally recognized explorationist played a key role in five major mineral discoveries in North and South America held a variety of positions with Chevron Resources Company in the Americas including Exploration Manager, and led the exploration teams that discovered the Golden Bear deposit in British Columbia, and discovered and developed the Can Can goldsilver deposit in north-central Chile a co-founder, Executive Vice President and Independent Director of General Minerals Corp. (now Sprott Resource Corp.) founded Copper 1 Inc. and served as its Chief Executive Officer and President co-founded and served as the President, CEO and Chairman of Evolving Gold Corp. formerly Chief Geologist and Manager of Resources for Baron Global Financial Canada Ltd. former Board member of Timmins Gold Corp. a Full and Fellow Councillor of the Geological Association of Canada Cordilleran Section, a Full and Fellow Member of both the Society of Economic Geologists and the Geological Association of Canada. awarded the Chevron Chairman's Award, and the "Mente et Malleo" award at the Chilean Geological Congress for the most successful exploration team in Chile. Reimar Koch, Director President and Chief Executive Officer of AccelRate Power Systems Inc. former President of Goldstrike Resources Ltd. former CEO of Cellular Direct TSX.V:GSR 23

24 BOARD AND TEAM John A. Kuehne, M. Mgmt., CPA, CA (BC), CPA (Illinois), Director over 9 years with Deloitte in Edmonton and Chicago in corporate finance and accounting management consultant in the business of advising, assisting and investing in both startups and small public companies former Chief Financial Officer of Doman Industries Limited. Lucy Zhang, CPA, CGA (BC), MBA, Director, Chief Financial Officer an Honours BA from Suzhou University, China an MBA (Honors) from Royal Roads University served as controller and CFO in administration, accounting, and finance with a number of publicly traded mining and exploration companies William S. Chornobay, Chief Operating Officer Bill is a business man with over 30 years experience in negotiations, identifying and acquiring undervalued assets, corporate finance, corporate development, team building, and managing exploration programs in the Americas. He has held Board and Senior Management positions, and has been instrumental in raising over $150 million dollars in the resource sector. Bill is a leader, team and company builder who has provided the overall corporate vision and building blocks that are required to grow successful companies. He has extensive experience in project generation, acquisition, and management of several successful exploration programs resulting in discovery. Bill is a firm believer in the untapped resource potential of Canada and his practical approach, team spirit, vision and project management have a long proven track record of success. Stefan Kruse, Ph.D., P. Geo. Structural Geologist, Chief Consulting Geologist Dr. Kruse is a structural geologist specializing in structural controls on mineralization, from prospect to belt scale. His PhD dissertation focused on polyphase deformation and tectonic evolution in the Canadian Cordillera. Based on this work he was awarded the Governor General's Academic Gold Medal award and GAC Structure and Tectonics division Best PhD award. Additionally, Dr. Kruse is a former lecturer and current Honorary Research Associate at the University of New Brunswick. Dr. Kruse is a registered professional geologist with the Association of Professional Engineers and Geoscientists of New Brunswick (APEGNB) and the Professional Engineers and Geoscientists of Newfoundland and Labrador (PEGNL). TSX.V:GSR 24

25 Working together we succeed For additional information please contact: Investor Relations Services Provided By: Jeff Stuart King James Capital Corporation Vancouver, British Columbia Mobile: (604) Non-Investor and Business Inquiries: Goldstrike Resources Ltd West Pender Street Vancouver, British Columbia V6E 4A4 Tel: (604) Fax: (604) GoldStrikeResources.com TSX.V:GSR 25

26 DISCLAIMER For new information from this program, please visit Goldstrike s website at GoldstrikeResources.com. For further information follow the Company s tweets at Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Company, by telephone at (604) or by at jstuart@kingjamescapital.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this presentation. This presentation may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations and potential mineral recovery processes, etc.. Forward-looking statements address future events and conditions, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of Goldstrike Resources Ltd.. The information provided is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. TSX.V:GSR 26