Green Springs Project AUGUST 2016 Ely Gold & Minerals Inc. elygoldandminerals.com @ElyGoldNevada TSX.V:ELY
FORWARD LOOKING STATEMENTS Certain statements herein may contain forward looking information within the meaning of applicable securities laws. Forward looking information appears in a number of places and can be identified by the use of works such as intends of variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward looking information includes statements regarding the Company s exploration plans with respect to the Property and the estimation of mineral resources and are subject of such forward looking risks, uncertainties and other factors which may cause the Company s actual results to be materially different from any future results, performance or achievements expressed of implied by such forward looking information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpretation geological data, increase in costs and exchange rate fluctuations and other risks involves in the gold exploration and development industry as well as those risk factors discussed under Risk Factors: in the Company MD&A dated September 30, 2014 available at www.sedar.com. There can be no assurance that a forward looking statement referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Ely Gold. Accordingly, readers should not place undue reliance on the forward looking information. All forward looking information herein is qualified by this cautionary statement. The Company does not undertake to update such forward looking information except in accordance with applicable securities laws. 2
GREEN SPRINGS CARLIN STYLE DEPOSIT Carlin type deposits show enrichment in the elements gold, antimony, mercury, thallium and barium. This enrichment is created by Hydrothermal circulation with a temperature of up to 300 C. The underlying rocks out of which the minerals are dissolved are normally silty carbonates although silicates and other sediments are possible. The material in the deposit is altered in a way that the carbonate minerals are either dissolved or converted to the silicates by silicate rich hydrothermal water. For example dolomite is transformed into jasperoid. Another alteration is the formation of clay minerals by interaction of water and feldspar. The absence of base metal sulfides and the even distribution of the pyrite and arsenopyrite in the host rock are the most obvious difference to other sulfide deposits. 3
LOCATION LOCATION LOCATION Three mines being developed within 20 miles Midway Gold Pan Mine Gold Rock in permitting Waterton Global Purchased Mt Hamilton LLC in 2015 All Federal and State permits approved Feasibility Study upgraded in October 2014 828K AuEq Oz M&I, 136K AuEq Oz inferred Pilot Gold Exploring the past producing Griffon mine Optioned to Logan Resources 4
GREEN SPRINGS HISTORY Past producing mine 1988-1990 U.S. Minerals Exploration Company (USMX) USMX mined 1.1MM tons @ 2.1 gpt (.70 gpt cutoff) Heap leach at 80%+ recoveries Produced from near surface Chainman Shale formation Three un-mined mineralized zones yet to be delineated Moved mining operations (while producing) to Alligator Ridge Project acquired by Palladon Ventures in 2004 Produced a 43-101 report in 2005 Joint ventured in 2006 Geochem & Geophysics completed in 2008 No drilling ever completed in the joint venture 5
GREEN SPRINGS CONSOLIDATION Ely Gold acquired the project in February 2013 100% ownership of 76 claims Subject to 2% NSR No advance royalty payments 2 interior claims leased over 10 years from USMX geologist 100% buyout for $200,000 (less lease payments) 2.25% NSR with 1% buy down for $500,000 USMX data package included District consolidated in July 2014 113 claims optioned from Eurasian Minerals 100% purchase for $100,000 (3 years) 2.5% NSR with.5% buy down (500 oz. Au) Advance royalty payments begin in year 4 20 Oz Au per year 6
GREEN SPRINGS GEOLOGY Strong gold-bearing hydrothermal system Large area of hydrothermal alteration Strong geochemical anomalies Several high grade near vertical ore shoots (>1/2 ounce) Favorable host rock Chainman Shale/limestone near surface Joanna Limestone is 60-80 meters thick Pilot Shale underlies entire property and is primary host at other deposits in District Ore controlling faults throughout property Only the Chainman was mined by USMX Joanna is mineralized in several historic holes Pilot Shale is mineralized in drill holes and in outcrops Silver never assayed by USMX-ground samples run as high as 55-60 grams 7
GREEN SPRINGS GEOLOGY 8
GREEN SPRINGS GEOLOGY 9
GREEN SPRINGS GEOLOGY 10
GREEN SPRINGS GEOCHEMISTRY Palladon JV data including: 1200 soil samples 460 rock samples 16.5km of CSMAT geophysical data Bronco (Eurasian) data including: 1597 soil samples 30.5km of NSMAT geophysical data 11
GREEN SPRINGS CSAMT/NSAMT 12
GREEN SPRINGS 2015 Drill Program 14 RC Holes Tested un-mined B, North C and E deposits Tested Pilot Shale upslope from C-Pit & E Area Mineralized and oxidized Pilot Shale intercepts Significant near surface intercepts GS15-01 GS15-02 GS15-06 GS15-09 47.2m @ 1.18 gpt Au 35.1m @ 1.21 gpt Au 41.1m @ 4.57 gpt Au 24.4m @ 1.35 gpt Au 13
GREEN SPRINGS 2015 Drill Program Green Springs Project Phase 1 Drilling Results Summary grams per tonne ("g/t") Hole # TD Dip AZ Area Overall Au Intercept(meters) Included Au Intercepts(meters) From To Thickness Aug/t From To Thickness Au g/t GS15 01 79 90 0 NorthC 21 69 47.2 1.18 21 35 13.7 2.16 GS15 02 239 90 0 NorthC 37 72 35.1 1.21 46 64 18.3 1.75 GS15 03 108 90 0 NorthC 47 82 35.1 0.84 75 82 7.6 1.45 GS15 04 91 90 0 B 14 23 9.1 1.23 GS15 05 84 90 0 B 34 35 1.5 0.31 GS15 06 105 90 0 E 64 105 41.1 4.57 70 94 24.4 6.77 GS15 07 98 90 0 E 72 78 6.1 0.23 GS15 08 99 90 0 E 76 99 22.9 0.34 76 87 10.7 0.57 GS15 09 198 70 70 E 43 67 24.4 1.35 46 59 13.7 1.98 GS15 10 190 75 64 E 44 49 4.6 0.17 GS15 11 157 70 63 E 14 44 30.5 0.62 18 34 15.2 0.87 GS15 12 178 90 0 C Trace GS15 13 198 80 250 C No Results GS15 14 239 70 250 C 201 209 7.6 0.29 Total Meters 2065 14
GREEN SPRINGS USMX DRILLING Data compilation from USMX data including: ~680 drill holes Historical Data, Non 43-101 Multiple targets yet to be tested Lower stratigraphic units mostly untested but, mineralized where tested: Joanna Limestone, Pilot Shale/Guilmette contact Mineralized Pilot Shale: 0.92 g/t Au over 51.8m & 1.41gpt over 15.3m Limited exploration upslope from existing pits 15
GREEN SPRINGS HISTORIC DRILL RESULTS Historical RC Drill Results from Un Mined Mineralized Zones (non 43 101) All holes drilled by USMX in the 1980 s All holes drilled vertically into shallow dipping western limb of anticline * Holes bottomed in mineralization Hole # Depth (m) From (m) To (m) Interval (m) Au (g/t) Area 81 2 91.4 10.7 27.4 16.7 1.59 B Zone 83 5 91.4 16.8 48.8 32.0 1.22 A Zone 84 16 36.6 12.2 35.1 22.9 0.81 B Zone 84 22 61.0 9.1 61.0 51.9 0.92 A Zone 84 29 30.5 9.1 24.4 15.3* 1.27 A Zone 84 30 61.0 45.7 61.0 15.3* 1.41 A Zone 86 160 54.5 30.5 39.6 9.1 3.07 B Zone 87 231 38.1 36.6 67.1 30.5 2.08 C Zone 87 436 24.4 10.7 24.4 13.7* 1.62 B Zone 87 438 24.4 1.5 18.3 16.8* 1.06 B Zone 87 494 65.5 32.0 65.5 33.5* 2.69 E Zone 87 506 71.6 39.6 67.1 27.5* 2.01 E Zone 87 510 68.6 38.1 61.0 22.9 4.04 E Zone 87 552 99.1 65.5 99.1 33.6* 3.20 E Zone 16
17 GREEN SPRINGS TARGETS
GREEN SPRINGS TARGETS Multiple targets to be tested C North pit largely un-mined (blast holes in pit bottom) Mineralized zone between C pits Three mineralized zones (A,B & E) were never mined Outcropping grab samples in 500m Pilot Shale jasperoid soil anomaly grade up to 0.9 g/t Au Additional Pilot Shale grab samples up to 2.0gpt Au & 60gpt Ag Extensive ground fault mapping confirmed by geophysical data Multiple untested geochem anomalies and jasperoid out crops upslope from historic pits Eastern limb of anticline never drilled 18
GREEN SPRINGS TARGETS 19
GREEN SPRINGS PERMITTING Enviroscientists Inc 75+ Acres studied Plan of Operations submitted to USFS (November 2013) Initial drill targets defined Biological Report completed Cultural Report completed Roadless Areas approved Environmental Assessment Approved Final Decision Notice granted by USFS in November, 2014 20
ELY GOLD & MINERALS INC Ely Gold & Minerals Inc ELY TSXV Suite 459 409 Granville Street Vancouver, Canada V6C 1T2 Tel: (604) 488 1104 Fax: (604) 488 1105 Trey Wasser, President & CEO Tel: (972) 803 3904 email: trey@elygoldandminerals.com www.elygoldandminerals.com Auditors Smythe Ratcliffe LLP Counsel: Holmes & King Corporate 20