Corporate Presentation October 2019 - Nevada Exploration · South Grass Valley Camp. Betze (40 Moz) Screamer (5 Moz) Genesis (3 Moz) Carlin (5 Moz) Meikle (7 Moz) Post (5 Moz) Deep
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Corporate PresentationOctober 2019
DisclaimerThis Presentation contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the timing and nature of estimated future exploration, success of exploration activities, and potential transactions and ventures discussed. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
Wade A. Hodges, CEO of Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and hasprepared the technical and scientific information contained in this Presentation.
TSX.V:NGE; OTC.QB:NVDEF
Listed: 2007
Market Cap: CA$20M
Issued & Outstanding: 89M
Fully Diluted: 110M
Insider Ownership: 28%
Nevada Exploration Inc.Proven team of Nevada explorers (+50 Moz)
Applying latest exploration technologies
Exploring for Tier 1+ Carlin-type gold deposits
Three district-scale projects (150 km2)
40 years Nevada experienceSr. Exploration Manager, Santa Fe Pacific GoldInvolved in discovery +30 Moz of gold in Nevada
Wade A. HodgesM.Sc., P.GeoCEO & Director
30 years Nevada experienceInvolved in discovery 7 Moz of gold in Nevada
Kenneth N. TullarB.Sc., P.GeoCOO
38 years of international experienceGlobal Porphyry Copper Exploration Manager, BHP
Dr. John E. LarsonPh.D.Director
James BuskardMBA, BESPresident
GoldrushTwin CreeksLone TreeRosebudMule CanyonElder CreekGoldbarEasy JuniorCove McCoyWildcatMtn. ViewGoldfieldNew Aurora
+50 Moz of Gold in Nevada
15 years Nevada experienceLeader in undercover exploration technologies
28 years of international experienceChief Geochemist Global, and Chief Geologist South America, BarrickMember of Barrick’s discovery team at Goldrush
Simon GriffithsM.Sc.Technical Advisor
Proven technical team
> 600 Au mines> 100,000 prospects
13.7
9.7 8.7
5.6 5.3 4.9 4.4
China Australia Russia NEVADA Canada Peru SouthAfrica
Annual Gold Production(2017 Moz)
Nevada
1.4 1.3 0.5
19.4
0.53.8 3.6
China Australia Russia NEVADA Canada Peru SouthAfrica
Gold Production/Area(2017 oz/km2)
80%From 3 Camps
Carlin: 119 Moz AuCortez: 44 Moz AuGetchell: 38 Moz Au
+ +
0
1
2
3
4
5
6
7
8
9
10
1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025
Nevada AnnualGold Production
(Moz/year)SOURCE: NBMG
1998: 8.9 Moz
-40 %
< 20 years
107.8 MozReserves
2017: 5.6 Moz
ChallengeOpportunityFuture
30% 25%45%
70% 75%55%
CANADA AUSTRALIA
NEVADA
Under Cover
85%GLOBALEXPLORATIONBUDGET
Und
er C
over
The biggest prize in the industry
55%Conventional tools
don’t work where you can’t see the rocks
>200Produced to date
Moz Au
New detection technology
Better Analytical Tools Lower Detection Limits New Sampling Media
GROUNDWATERThe universal solvent
Then Now
HR-ICP-MS
New Lab Technology
Footprint10x > deposits
Building a new undercover toolkit
10x
1/10ththe samples
Biggerfootprints 1/100th
borehole cost
Radical ↑Area evaluated / dollar
Groundwater programs around the worldIndustry leaders
CSIRO
First QuantumAnglo American Chile & Phelps Dodge
Nevada Exploration
Cortez Hills
Grass Valley, Nevada
NGE Groundwater ProgramWorld’s largest program
>6,000 groundwater samples mostlyfrom purpose-drilled sampling bores
Tested around >30 known gold mines
Built database of new exploration targets
Advancing 3 district-scale CTGD projects
Kelly Creek
Grass Valley
South GrassValley
samples
366 Samples(mostly purpose-drilled)
Gravity survey (2018)488 survey points; 175 km2
Air magnetic survey (2018)991 line-km; 124 km2
Infill hydrogeochemistry (2018-19)213 groundwater sampling boreholes
Soil geochemistry (2018-19)1,650 samples along 24 sample lines
Detailed mapping (2019)
Strat. orientation drilling (2018-19)10 deep core holes (avg. depth 550 m)
South Grass ValleyCortez HillsPipeline
2018-19 Core Drill Holes3.7 km NNW-SSE
Goldrush / Fourmile
Results from initial wide-spaced core holesConfirmed geologic modelComplex structural framework, with continuation of mapped thrust/fold system cut by high angle faulting in thick sequence of lower-plate carbonates beneath Roberts Mountains Thrust
Improved rock preparation with hornfels and marble along margins of major Mesozoic intrusive
Confirmed presence of large Carlin-type mineral systemBleaching, decalcification, argillization, calcite and barite veining, intense multi-phase silicification
Multiple-phase stratabound, structurally-controlled, and breccia-hosted sulfide & oxide mineralization containing sooty, fine-grained, secondary pyrite and elevated Au, Tl, Sb, Hg, As
Air Magnetic Geophysics Gravity Geophysics
1km N
Mercury in Soils
1km N 1km N
South Grass Valley
Volcanics
UpperPlate
Granite
Mapped faults Interpreted faults from geophysics and drilling
Gold in Groundwater Antimony in Groundwater
1km N
Thallium in Groundwater
1km N 1km N
South Grass Valley
Volcanics
UpperPlate
Granite
Lower Plate
A new district-scale mineral systemCharacteristic Carlin-type geologic model:multiple structural trap sites in reactive, favorably-prepared, CTGD host lower-plate carbonate sequence, significant brecciation
District-scale Carlin-type mineral system:+3.5 km alteration in bedrock with significant 18O isotope depletion, +8 km of elevated Au, Tl, Sb, Hg, and As in soils and groundwater
Timing of mineralization: pre-34 Ma
Geologic model and geochemistry have defined four targets with the potential to host a cluster of significant CTGDs1
kmN
Volcanics
Volcanics
UpperPlate
Granite
Initial 11 Core Holes
South Grass Valley Camp
Betze (40 Moz)
Screamer (5 Moz)
Genesis (3 Moz)
Carlin (5 Moz)
Meikle(7 Moz)
Post (5 Moz)
Deep Post (4 Moz)
WestLeeville(3 Moz)80 Moz
Little BoulderBasin Stock
Goldstrike StockGrass Valley
Stock
Freddie
GoldenGorge
Waterfall
WaterCanyon
Led by proven team of explorers (+50 Moz)
>200 Moz projected residual endowment in bedrock covered beneath Nevada’s valleys
NGE only explorer that has built completeundercover toolbox to explore for CTGDs
NGE has 15 year head start on industry
Pipeline of 3 district-scale projects (150 km2)
2019: drilling validated exploration model
Future of gold in Nevada
55%
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