JANUARY 2020 TSX-V:HIGH OTCQB:HGGOF Johnson Tract, Alaska Gold (Zn-Cu) AMEBC – Roundup Presentation
TSX-V : HIGH
JANUARY 2020
TSX-V:HIGHOTCQB:HGGOF
Johnson Tract, AlaskaGold (Zn-Cu)AMEBC – Roundup Presentation
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Forward Looking StatementsForward looking statements: This presentation contains certain “forward-looking information within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements") concerning HighGold’s plans for its properties, operations and other matters. Forward-looking
statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, "forecast", “expect”,
"potential", "project", "target", "schedule", budget" and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and
includes the negatives thereof. All statements other than statements of historical fact, including, without limitation, statements regarding potential mineralization, the estimation of mineral resources, the
realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future
resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital to HighGold, government regulation of exploration operations, environmental risks, reclamation,
title, statements with respect to the future price of gold and other metals, and future plans and objectives of HighGold are forward-looking statements that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a
number of material factors and assumptions. Important factors that could cause actual results to differ materially from HighGold’s expectations include actual exploration results, changes in project
parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms to HighGold, general economic, market or
business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving
government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the
Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking
statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be
accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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Two Exceptionally High-Grade Gold Assets
Munro Croesus Timmins region, Ontario
Croesus Mine Sample (>10,000 opt)
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Johnson Tract Southcentral Alaska
Drill Intersections:
• 107.8m @ 12.4 g/t, 7.1% Zn, 0.9% Cu
• 71.4m @ 20.9 g/t Au, 5.2% Zn, 1.2% Cu
True width ~50% of drilled length
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5%5%
13%
8%
6%
5%3%9%
46%
Capitalization Structure
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Issued & Outstanding 40.0 million
Warrants 13.9 million*
Options 2.7 million
Fully Diluted 56.6 million
Market Capitalization ~C$50M
Cash (no debt) C$14M
Share price since start of trading – low of $0.78 and high of $1.89
*Warrants: 8.5M @ $0.70 expiring 09/2021, 4.9M @ $2.15 expiring 06/2023 and 1M founders @ $0.45 expiring 08/2024 (escrowed)
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Other
Major Shareholders
Electrum PE Fund
Senior Gold Producer
Other Institutional
Rob McEwen
Management
As of January 10th (began trading Sept 23)
Close Associates
Franklin Gold Fund
Sprott (Partnership Fund)
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StewardshipRespect and Responsibility
Committed to protecting and benefitting the regions in which we operate
People – Environment – Sustainability – Legacy
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Alaska Facts
• One-fifth the size of the entire lower 48
• Land Ownership:
• 10% Native
• 24.5% State
• 65% Federal
• <1% Private
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History of Alaska and Native Land Claims
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• 1867: Alaska purchased from Russia for $7.2 million
• 1959: Alaska becomes 49th state of the United States• Statehood Act outlined the types of public lands that the state could select but did not address
land claims by Alaska’s indigenous peoples
• 1960’s: Oil Discovered on the North Slope!
• 1971: Alaska Native Claims Settlement Act (ANCSA)• Entirely different than any previous federal Indian policy. ANCSA extinguished aboriginal
land claims in Alaska and mandated a for-profit model with land title under corporate ownership by Alaska Native shareholders
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Regional Alaska Native Corporations
• ANCSA divided Alaska into twelve regions defined by the common heritage and shared interests of the indigenous peoples within each geographic area
• 12 Regional Corporations created that could select lands within their region
• Corporations owned by Alaska Native shareholders
JohnsonTract
CIRI
Red Dog
Donlin
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Red Dog and NANA – a model of success
NANA has received >$1 billion in proceeds since mining began
Employment for NANA shareholders
Integration of subsistence cultural values
Source - NANA presentation (internet)
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Cook Inlet Region, Inc. Mining Lease
• Johnson Tract area selected by CIRI under ANCSA for its mineral potential
• Lease includes:
• 10-year Exploration term
• 5-year Development term
• Production term
• Expenditure requirements and annual lease payments
• Back-in rights (up to 25%) and NSR royalty
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An Alaskan Native Corporation
CIRI’s Mission is to promote the economic and social well-being and Alaska Native heritage of its shareholders, now and into the future, through prudent stewardship of the company’s resources, while furthering self-sufficiency among CIRI shareholders and their families.
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Johnson TractSouthcentral, Alaska
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Regional Location MapCook Inlet and
Johnson Tract Area
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Johnson Tract10 Miles to Tidewater
camp
JT Deposit
prospect
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Deposit & Camp on Private Land – Includes Road & Port Easement Rights
Johnson Deposit
Camp & Airstrip
Kona Prospect
Difficult Creek Prospect
Johnson Tract
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Historical Work
• 88 drill holes for 26,840 meters (1982-1995)
• Historical resource (>0.5 oz/t gold equivalent*)
• Major engineering & mining studies to direct ship ore to Premier mill in Stewart, BC (Westmin Resources, 1994/95)
• Emphasis on engineering over exploration; substantial exploration upside, with multiple underexplored satellite prospects
* Historical estimate prepared prior to establishment of NI 43-101guidelines and reporting standards; for more info see Technical Report forJohnson Tract Project, June 2019 HIG
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early 90s drill pad, source J. Proffett
“Inactive over several gold cycles…last work prioritized engineering over exploration”
Off-the-market and no work for 25 years
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2019 Drill Results
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*Estimated True Width (“ETW”) measured from cross sectionsLength-weighted intervals are uncapped and calculated based on a 2 g/t gold equivalent (“AuEq”) cut-off and less than 5 meters (drill length) of dilution of below cut-off gradeGold Equivalent (“AuEq”) based on $1250/oz Gold, $16/oz Silver, $1.20/lb Zinc, $3.00/lb Copper, $1.00/lb Lead and does not consider metal recoveries (same assumptions as June 2019 NI43-101) ** Twin of historic hole for validation purposes
Drill HoleFrom To Length ETW* Gold Silver Copper Zinc Lead AuEq*
(meters) (meters) (meters) (meters) (g/t) (g/t) % % % (g/t)
JT19-082** 153.2 261 107.8 53.9 12.42 8.9 0.88 7.11 1.64 19.55
Incl. 156.2 184.6 28.4 14.2 35.15 17.0 1.40 7.45 3.13 44.30
JT19-083 75.9 106.6 30.7 23.0 2.75 8.8 0.29 5.47 3.00 8.59
JT19-085** 67.8 127.0 59.2 31.4 8.16 5.9 0.39 8.80 0.72 15.06
Incl. 68.6 79.5 10.9 5.8 33.06 9.7 0.57 6.37 0.02 38.33
JT19-086 48.1 95.7 47.6 33.7 2.36 4.8 0.40 9.68 0.13 9.52
JT19-088 128.0 225.5 97.5 48.8 5.93 4.2 0.46 3.86 0.62 9.62
Incl. 135.5 158.0 22.5 11.3 12.59 4.9 0.36 3.65 1.07 16.24
JT19-090 253.9 329.0 75.1 40.6 10.01 6.0 0.57 9.36 1.11 17.80
Incl. 308.0 328.0 20.0 10.8 29.02 7.3 0.67 3.53 1.22 33.20
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MineralizationHigh-Grade Au, Zn, Cu, Pb, Ag
• Polymetallic gold deposit
• Shallow submarine volcanic host rocks – Jurassic
• Epithermal to VMS characteristics
• Tabular silicified body with a stockwork of quartz-sulphide veins and brecciation, surrounded by widespread zone of anhydrite
• Potential analogues (Hod Madden or feeder to Eskay-like VMS)
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Stratigraphy
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Stratigraphy
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Alteration & Mineralization Model
OUTER ZONESer-Py-±Chl-±Clay
ANHYDRITE ZONE
SILICIFIED ZONE
GOLD ZONE
ZnZn trace metals
trace metals
Au-Cu-Zn(Ag-Pb)
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OUTER ZONESer-Py-±Chl-±Clay
ANHYDRITE ZONE
SILICIFIED ZONE
GOLD ZONE
ZnZn trace metals
trace metals
Au-Cu-Zn(Ag-Pb)
Alteration & Mineralization Model
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Johnson Tract Deposit
• Excellent continuity of thick high-grade mineralization
• Gold grade and zone thickness increase with depth
• Depth extension offset by fault
Long Section
JT19-088: 97.5m @ 9.6 g/t AuEq97.5m @ 5.9 g/t Au, 3.9% Zn, 0.5% CuIncl. 22.5m @ 35.2 g/t Au, 7.5% Zn, 1.4% Cu
JT19-082: 107.8m @ @ 19.6 /t AuEq107.8 m @ 12.4 g/t Au, 7.1% Zn, 0.88% Cuincl. 28.4 m @ 35.2 g/t Au, 7.5% Zn, 1.4% Cu
JT19-085: 59.2m @ 15.1 g/t AuEq59.2m @ 8.2 g/t Au, 8.8% Zn, 0.4% CuIncl. 10.9m @ 33.1 g/t Au, 6.37% Zn, 0.6% Cu
JT19-090: 75.1m @ 17.8 g/t AuEq75.1m @ 10.0 g/t Au, 9.4% Zn, 0.6% Cuincl. 20m @ 29.0 g/t Au, 3.5% Zn, 0.7% Cu
New Drill Results
JT19-083: 30.7m @ 8.6 g/t AuEq30.7m @ 2.75 g/t Au, 5.5% Zn, 0.30% Cu
JT19-089: New Footwall Discovery20.7m @ 32 g/t Ag, 2.4% Cu, 4.9% Znincl. 7.0m @ 66 g/t Ag, 4.7% Cu, 9.7% Zn
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Johnson Tract Deposit
JT19-089: 74.4 m @ 5.4 g/t AuEq74.4 m @ 1.1 g/t Au, 4.5% Zn, 0.6% Cu
JT19-090: 75.1m @ 17.8 g/t AuEq75.1m @ 10.0 g/t Au, 9.4% Zn, 0.6% Cuincl. 20m @ 29.0 g/t Au, 3.5% Zn, 0.7% Cu
JT19-089: New Footwall Discovery20.7m @ 32 g/t Ag, 2.4% Cu, 4.9% Znincl. 7.0m @ 66 g/t Ag, 4.7% Cu, 9.7% Zn
JT93-064: 30.3m @ 15.9 g/t AuEq30.3m @ 9.1 g/t Au, 4.9% Zn, 1.4% Cu
JT84-005: 24.9m @ 7.3 g/t AuEq24.9m @ 4.3 g/t Au, 1.3% Zn, 1.3% Cu
JT93-064: 47.3m @ 9.9 g/t AuEq47.3m @ 6.1 g/t Au, 3.8% Zn, 0.5% Cu
NEW DISCOVERY:
• Footwall to the Deposit
• Different Character
• Different orientation
• Open
Cross Section C – C’
Section Reference Line
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Johnson Tract DepositCross Section A – A’
JT88-034: 71.4m @ 27.4 g/t AuEq71.4m @ 20.9 g/t Au, 5.2% Zn, 1.2% CuIncl. 8.9m @ 88.5 g/t Au, 9.2% Zn, 5.6% Cu
JT19-082: 107.8m @ @ 19.6 /t AuEq107.8 m @ 12.4 g/t Au, 7.1% Zn, 0.88% Cuincl. 28.4 m @ 35.2 g/t Au, 7.5% Zn, 1.4% Cu
JT19-083: 30.7m @ 8.6 g/t AuEq30.7m @ 2.8 g/t Au, 5.5% Zn, 0.3% Cu
JT19-088: 97.5m @ 9.6 g/t AuEq97.5m @ 5.9 g/t Au, 3.9% Zn, 0.5% CuIncl. 22.5m @ 35.2 g/t Au, 7.5% Zn, 1.4% Cu
JT82-004: 108.6 m @17.8 g/t AuEq108.6 m @ 10.4 g/t Au, 7.6% Zn, 0.7 % Cuincl. 48.0 m @ 21.1 g/t Au, 9.9% Zn, 0.9% Cu
• 275m vertical extent
• 25 to +50m true width
• Flattened pipe/lens geometry
• Bottom of deposit faulted off
• Offset 500 to 800m to NE
JT19-087: 15.3m @ 3.5 g/t AuEq15.3m @ 1.5 g/t Au, 2.5% Zn, 0.2% Cu
Section Reference Line
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Fault Offset Model
JT DEPOSIT
NE OffsetTarget
~300m
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Near Deposit Exploration Targets
NE Offset – Fault displaced projection of JT Deposit at depth• limited past drilling identified same style of
mineralization; wide open to expansion
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Target
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North Trend• +1 km long north trending alteration zone with
no previous drilling
• potential for expansion of JT deposit or discovery of new parallel zones
South Extension• Cross faults interpreted to offset south extension
of Deposit into area of no past drilling
Target2
Target3
NE Offset (at depth)
Johnson Deposit
Alteration Zone
2 1
3
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District Scale Alteration & Mineralization
Kona Prospect
Easy Creek Prospect
Deposit Area
PS Prospect
Difficult Creek Prospect
Inset
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Historic “DC” DDH intersection36.6 meters @ 3.6 g/t Au, 1.8% Zn, 0.2% Cu
New Vein Prospecting Discovery (800m SE of historic showing)
1983 “DC” DDH intersection36.6m @ 3.6 g/t Au, 1.8% Zn, 0.2% Cu
Difficult Creek Prospect
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Contact:
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