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P a n M i n e a n d G o l d R o c k E x p l o r a t i o n P r o - - PowerPoint PPT Presentation

Apr 05, 2024 227 likes •609 views

P a n M i n e a n d G o l d R o c k E x p l o r a t i o n P r o j e c t , W h i t e P i n e C o u n t y, N e v a d a TSX-V: F 1 Pan Mine and Gold Rock Favorable Location within Prolific Battle Mountain-Eureka Mineral Trend TSX-V: F

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P a n M i n e a n d G o l d R o c k E x p l o r a t i o n P r o j e c t , W h i t e P i n e C o u n t y, N e v a d a

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Pan Mine and Gold Rock

Favorable Location within Prolific Battle Mountain-Eureka Mineral Trend

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PAN MINE

North Pit – Primarily Silicified Ore Source

  • Crusher and leach pad blend of argillic and silicified materials for proper percolation, stability, and

recovery

  • North Pit material leaches slower and is very abrasive
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PAN MINE

South Pit – Primary Argillic Ore Source

  • South Pit material is soft, drills easily, and tends to have higher recoveries
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PAN MINE

Crusher Added to Circuit in Spring of 2019

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Pan Mine Reserves and Resources 2019

  • Pan Resource Update Completed in late 2018 by SRK.
  • 2019 Resource Enhancement due to early 2018 Drilling

Program of Near Mine Targets (71 holes, 28,730 feet, all RCR)

Pan Resource 2018 Resource Tonnes Grade Grade Contained Metal

(incl. reserve)

(000s) (g/t) OPT

(Au oz) Measured 6,031 0.6 0.018 117,000 Indicated 21,578 0.45 0.013 315,000 Measured + Indicated 27,609 0.49 0.014 432,000 Inferred 7,580 0.45 0.013 110,000

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Pan Mine

Favorable Geologic Setting in Devonian to Permian Carbonate-Clastic Sequence

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Pan Mine

  • Gold Mineralization is controlled locally by the high angle

Branham Fault Zone (BFZ), and secondarily by favorable lithologies adjacent to the fault zone.

  • Specifically, solution breccia (SBX) and silicified breccia within

the BFZ in the lower Pilot Shale, near the Pilot-Devils Gate contact is a favored mineralization focus in North Pan.

  • At South Pan, the ore is typically heavily argillized and less

silicified within the BFZ. Ore may occur in the Devil’s Gate or Pilot Shale, but always near the BFZ.

  • Ore from North Pan is ‘blended’ with South Pan ore at the

leach pad to enhance permeability and recovery.

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Pan Mine Geology

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Pan Mine Geology and Mineralization

North Pan Conceptualized Cross Section

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Pan Mine Geology and Mineralization

South Pan Conceptualized Cross Section

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Pan Mine, North Pit

Discovery Outcrop ‘Campbell Jasperoid’ in Foreground

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Pan Mine - North Pit

Viewing northward along strike of BFZ

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Pan Mine Exploration Potential - 2019

Exploration Opportunities at Pan are Classified as 1.Near Mine –Development, and 2.Expansion or Property Targets (exploration targets identified within the property boundary).

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Pan Mine Exploration Potential - 2019

Limited exploration drilling in 2018 grew reserves and extended mine life. Many of these areas indicate additional resource is available for definition by subsequent drilling phases.

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Pan Mine Exploration Potential - 2019

Cross section through Campbell Ridge (Near Mine Development Target) Showing positive 2018 results and open ended resource to West.

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Pan Mine Exploration Potential - 2019

3D Perspective of Pan Pit Design and Existing Drilling

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Pan Mine Exploration Potential - 2019

Several other, favorable, ‘Near Mine’ targets have been identified at Pan. Additional Pan ‘Near Mine’ Targets

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Pan Mine Exploration Potential - 2019

Pan 2019 Proposed Development Targets

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Pan Mine Exploration Potential - 2019

Pan 2019 Proposed Development Targets

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Pan Mine Exploration Potential - 2019

Pan Mine - ‘Property’ Exploration Targets ‘Property’ Targets have been identified by favorable geology, structure, and/or surface geochemistry.

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Gold Rock Exploration Overview 2019

Gold Rock Project is Located Approximately 8 km Southeast of Pan Mine

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Gold Rock Exploration Overview 2019

Gold Rock Highlights

1037 Mining Claims Approximately 25,600 acres

First Claims Located in 1979 Mining at Easy Jr. started in 1989 and continued sporadically until 1996 bankruptcy. Total Historical Production 52,400 ounces of gold from Easy Jr. pit Resource Update in 2018 Approximately 420k ounces Au in Indicated and Inferred Fiore completed 8 Holes in 2018 Targeted 3 outlying exploration areas. Encountered anomalous Au mineralization and confirmed target concepts. Exploration drilling was not designed to enhance known resource. Mine Permit ROD issued in 2018 Mining Permit includes Exploration disturbance of 392 acres (76.7 used to date) Numerous Exploration Targets Targets defined by favorable geology, structure and anomalous surface sampling. Limited drilling, sometimes no drilling.

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Gold Rock Exploration Overview 2019

Gold Rock Stratigraphy - Similar to Pan, but different Host Gold Primarily in Joana Limestone and overlying Chainman Shale

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Gold Rock Exploration Overview 2019

Gold Rock Geology Overview

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Gold Rock Exploration Overview 2019

Resource Area Geology

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Gold Rock Exploration Overview 2019

North Highwall EZ JR Pit -EZ Anticline in Joana Limestone

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Gold Rock Exploration Overview 2019

NI 43-101 Resource Update Completed in 2018

Gold Rock Updated Resource 2018 Category Tonnes Gold Grade g/t* Gold Grade

  • z/st*

Contained Gold oz Indicated 9,006,900 0.82 0.024 238,700 Inferred 7,787,500 0.72 0.021 180,900 *cut off grade of 0.02 oz/st

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Gold Rock Exploration Overview 2019

North and South Resource Areas Separated by Region with Similar Geology and on Structural Trend, but limited Drilling

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Gold Rock Exploration Overview 2019

2019 Phase 1 Development Drill Plan

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Gold Rock Exploration Overview 2019

Resource Model Identifies Areas of Potential Resource Addition by Infill

  • Drilling. Legacy Drilling did not fully delineate Mineralization
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Gold Rock Exploration Overview 2019

2019 Phase 1 Development Drill Plan

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Gold Rock Exploration Overview 2019

Exploration Targets Identified by Favorable Geology along Structural Trend and Anomalous Soil and Rock Geochemistry

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Gold Rock Exploration Overview 2019

Three Target Areas were drill tested in 2018. Target Concepts were

  • validated. Mineralization was encountered at the expected structural

and stratigraphic domains.

Hole ID Target Area From (ft) To (ft) Interval (Ft)* Au oz/ton GR18-01 Laura Hill 85 90 5 0.009 GR18-02 Laura Hill No significant value GR18-03 Laura Hill 50 60 10 0.007 GR18-04 Jasperoid Creek 250 290 40 0.020 GR18-04 Jasperoid Creek 300 320 20 0.010 GR18-04 Jasperoid Creek 595 615 20 0.008 GR18-05 Jasperoid Creek 375 385 10 0.005 GR18-06 Jasperoid Creek No significant value GR18-07 Monte HW 5 90 85 0.006 GR18-08 Monte HW 20 75 55 0.005

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Gold Rock Exploration Overview 2019

Mineralization Characterized by Strong NNE Structural Trend – Anticlinal Axis and High Angle Faults along Limbs. Trace of NNE Structure typified by Anomalous Gold Values in Soils and Rock Chips

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Gold Rock Exploration Overview 2019

Gold in Soils Define NNE and Parallel Structural Trend

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Pan Mine and Gold Rock Project

Thank you!