TSX-V: GLD. Corporate Presentation February 2016

Transcription

1 Corporate Presentation February 2016

2 GoldON Resources Ltd. 2 Caution Regarding Forward-Looking Information Certain of the statements made and information contained herein is forward-looking information within the meaning of the British Columbia Securities Act and Alberta Securities Act. This includes statements by the Company concerning exploration results, including deposit size, quantities, grades and contained metals, which are generally made on the basis of estimations and extrapolations from a limited number of drill holes and assays. These estimations and extrapolations are subject to uncertainties, which include but are not limited to uncertainty in connection with evaluating a deposit until the deposit has been extensively drilled on closely spaced centers. Should one or more of these underlying estimations or extrapolations prove incorrect, actual results may vary materially from those described in forward-looking statements. Forward-looking statements contained herein also includes the Company s plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire and maintain exploration properties and to carry out its desired exploration programs; difficulties in executing exploration programs on the Company s proposed schedules and within its cost estimates, whether due to weather conditions in the areas where it operates, increasingly stringent environmental regulations and other permitting restrictions, or the availability of essential supplies and services; and factors beyond the capacity of the Company to anticipate and control, such as the marketability of minerals, government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production. Should one or more of these risks or uncertainties materialize, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise GoldON Resource Ltd.. All rights reserved. Copyright. All materials displayed or otherwise accessible through this Presentation (collectively, "Content") are protected by copyright law, and are owned by GoldON Resources Ltd. ( GoldON ) and its licensors, or the party accredited as the provider of the Content. Except as granted in the limited license herein, any use of the Content, including modification, transmission, presentation, distribution, republication, or other exploitation of the Presentation or of its Content, whether in whole or in part, is prohibited without the express prior written consent of GoldON.

3 GoldON Share Structure 3 Listed on the TSX Venture Exchange under the trading symbol: GLD Issued and Outstanding: 9,625,378 Warrants (exercise price of $0.35): 455,400 Stock options (exercise price of $0.25): 40,000 Fully Diluted: 10,120,778 Notes: 1. GoldON s largest institutional shareholder is Trelawney Mining and Exploration Inc., who own 1,061,009 shares or 11.02% of shares issued. Trelawney is a wholly owned subsidiary of IAMGOLD Corporation, a mid-tier gold producer with a market cap of approximately $1 billion. 2. On November 18, 2015, GoldON began trading on a post-consolidated basis after completing a restructuring of its share capital on the basis of 1 new common share for every five old shares. See news releases of November 2 nd & 16 th for more details.

4 Latest Company News 4 Assay results pending from drill testing of gold target on Neville-Potier portion of GLD s 100% owned Swayze gold property (adjacent to IAMGOLD s 7.7 million ounce Côté Gold Project). Debt settlement completed to tidy up balance sheet. Share consolidation completed to position GLD for new acquisitions. First Mining Finance (TSX-V: FF) closed the acquisition of PC Gold Mining (TSX-V: PKL) in an all share transaction and the PKL shares that GLD owns have been converted to FF shares. New exploration model outlined for Slate Falls property: could source of high-grade Au-Ag values be a larger VMS mineralizing event not yet tested at depth? Two new structural gold targets identified on the Mollie River portion of the Swayze property. Sampled high-grade values up to 220 g/t gold and >2000 g/t silver at its Slate Falls property; project is drill ready and fully permitted. Closed additional financing with Trelawney/IAMGOLD. Optioned the Slate Falls Au-Ag property.

5 Slate Falls: A Geological Puzzle 5 Red Lake Camp >28 million ounces ~18 g/t average grade Pickle Lake Camp >2.5 million ounces ~14 g/t average grade Golden Patricia Mine 619,796 ounces ~0.51 oz/t average grade Rice Lake Camp >1.7 million ounces ~8 g/t average grade GoldON s Slate Falls Project Drill ready and fully permitted. Are high-grade Au-Ag surface showings indicative of larger VMS mineralizing event at depth. A plethora of Cu-Zn base metals showings go along with the high-grade Au-Ag showings. Not drilled since 1984 and never tested below 30 meters.

6 Slate Falls: Right Location & Geologist 6 Excellent Access & Infrastructure All weather road, with logging roads and trails on property. Transmission line crosses property. Regional air transport service available Accommodation & supplies available in community of Slate Falls (5km). The Right Person Leading Exploration Tim Twomey played a key role in the discovery and development of the High-Grade Zone, the backbone of Goldcorp s operation in Red Lake. Twomey s knowledge of the Archean greenstone belts of Northwestern Ontario will be invaluable in interpreting the historical exploration data and defining an exploration model for the property.

7 Slate Falls Project Overview 7 Excellent risk/reward scenario High-grade Au values up to 861 g/t in drill core and Ag values >2,000 g/t in rock samples. Despite high-grade Au-Ag showings and numerous Cu-Zn base metals showings, source of mineralization has not been found. Only 26 shallow holes have been drilled to date (9 holes in 1966, 3 holes in 1973 and 14 holes in 1984); none tested below ~30 meters of surface. Drill ready and fully permitted.

8 Slate Falls Gold & Silver Showings 8 The geological puzzle is determining the source of near surface precious metals 2014 Grab Sample Results Showing Rock Sample # Au g/t Ag g/t Trail Zone >2000 Sanderson Zone Sanderson Zone Sanderson Zone Trail Zone The unusual high-grade Ag-Au narrow veins occur within vertical shear zones that cut the near flatlying stratigraphy and could be remobilized from a source at depth.

9 Slate Falls Exploration Opportunity 9 Last drilled in 1984 when gold averaged $360 per/oz and silver $8 per/oz Geological setting and geometry of high-grade showings at Slate Falls similar to those found at the Golden Patricia Mine (30km NE) which produced 619,796 ozs of gold (1,216,165 tonnes grading ~0.51 oz per tonne) from September 1988 to March The difference is in the gold to silver ratio: Golden Pat was 10 Au to 1 Ag which is typical for Archean Au deposits; while Slate Falls is 1 Au to 10 Ag which is more akin to Phanerozoic epithermal deposits rather than Archean hydrothermal deposits. The unusual high-grade, silver-gold narrow veins at Slate Falls occur within vertical shear zones that cut the near flat-lying stratigraphy and could be remobilized from a source at depth. GoldON s new exploration model (see next slide) proposes that the Bamaji Pluton could have been the heat engine underneath the older and folded Woman Assemblage that may have driven the creation of a precious-metal-rich VMS base-metals mineralizing event in overlying Bamaji Assemblage as well as remobilized the Ag-Au rich quartz veins into Woman Assemblage rocks.

10 New Slate Falls Exploration Model 10 None of the 26 historical drill holes ever tested below ~30 meters of surface Rockmere-Wesleyan Synform Plunge 20 East VMS? Preciousmetal rich source? Twomey, 2014 No Scale

11 Swayze Greenstone Belt 11 GLD s claims adjoin Trelawney-IAMGOLD s multi-million ounce Côté Gold Project GoldON owns 3 non-contiguous claim blocks

12 Three Claim Blocks 100% owned 12 South Swayze Greenstone Belt located half-way between Sudbury and Timmins

13 Swayze Greenstone Belt Properties 13 Chester Property 48 hectares covering same felsic intrusive rock type as Trelawney-IAMGOLD s Côté Gold Deposit 1.5km to the south. GLD drilling encountered anomalous gold, and similar alteration and fracturing as found at Côté deposit. Several IP targets identified for next round of drilling. 100% owned by GLD.

14 Swayze Greenstone Belt Properties 14 Mollie River Property Covers 592 hectares located 8 km east of Trelawney-IAMGOLD s Côté Gold Project Camp. Chester Granitoid Complex rocks that underlie the Property are similar in character and alteration to the rocks hosting the Côté Gold Deposit. Latest exploration work has identified two regional structural targets, each of which has the potential to host strata-bound gold mineralization. 100% owned by GLD.

15 Swayze Greenstone Belt Properties 15 Neville-Potier Property Consists of 6,000 hectares sandwiched between Trelawney-IAMGOLD s North (Neville) and South Swayze properties Covers 15km swath along the Ridout Deformation Zone (RDZ ) that has been established as the extension of the Larder Lake-Cadillac Break in the Swayze Greenstone Belt (Southwestern Abitibi - see map next slide). Large magnetic low includes old Chester Mine and the million ounce* Côté Gold Deposit and extends north into GoldON s Neville-Potier property (slide 17). Assay results pending from drill testing of VLF anomaly 150m north of a sub-angular altered felsic volcanic float boulder that returned 2.19 g/t Au in previous sampling (slide 19). Drill target lies north of Côté Deposit on the RDZ and was selected for its potential to be a goldhosting structure interpreted from previous mapping program (slide 18). Three-year exploration permit granted in January % owned by GLD. * NI : million tonnes grading 0.9 grams of gold per tonne of Indicated Resources

16 Ridout Deformation Zone 16 Property includes an underexplored 15km swath of the Larder Lake-Cadillac Break Trelawney-IAMGOLD s North (Neville) Property GoldON s Neville-Potier Property Trelawney-IAMGOLD s South Swayze Property GoldON s Chester Property Côté Gold Deposit 1.5 km south

17 A Major Alteration System? 17 Large magnetic low includes old Chester Mine, Côté Gold Deposit and extends north into GoldON s Neville-Potier Property

18 VLF Target Drill Tested Dec Target selected for its potential to be gold-hosting structure Assays pending from drill testing completed in Dec 2015 Trelawney-IAMGOLD s North (Neville) Property GoldON s Neville-Potier Property Trelawney-IAMGOLD s South Swayze Property GoldON s Chester Property Côté Gold Deposit 1.5 km south

19 19 Assays pending VLF Anomaly DDH NEV m Mafic Volcanics E-W strike Vertical to steep N dip (075) GoldON s Neville-Potier Property 2.19 g/t Au (float)

20 Excellent Infrastructure in Area 20 Location of GoldON s three claim blocks

21 Pickle Crow Project Monetization 21 In June 2014, GoldON completed a long-term initiative with the sale of its Pickle Lake, Ontario exploration property to PC Gold Mining Inc. (TSX-V: PKL). The Property covers the southern extension of the Pickle Crow Mine trend (includes past-production 1.45M Au ozs and their current 1.26M Au ozs deposit), adjoining the past-producing Central Patricia Mine (650,000 Au ozs) to the NW and the pastproducing Dona Lake Mine property (225,000 Au ozs) to the SE. Under the terms of the of the Agreement, GoldON received 4,000,000 common shares of PC Gold in return for a 100% interest in the Property. On Nov. 17, First Mining Finance (TSX-V: FF) closed the acquisition of PC Gold Mining (TSX-V: PKL) in an all share transaction. The shares of First Mining Finance that GoldON now owns are free trading.

22 Management Decades of Experience 22 Michael Romanik President, CEO & Director Over 12 years of junior resource/public market experience with an emphasis on management, promotion and corporate finance. Jeff Smulders, B.Sc., MBA CFO & Director Certified Management Accountant with 40 years of experience (10 yrs with Placer Development) in financial management, taxation and accounting. James Darcel, CFA Independent Director An independent investment research analyst with over 20 years of experience in the mining, energy and emerging technologies sectors. Andrew E. Nevin, Ph.D., P.Eng Independent Director A Qualified Person as defined in NI with 45 years of global experience as consulting geologist and exploration manager.

23 Have any questions? 23 For further information please contact: Michael Romanik President & CEO Direct: (204) Greg Lytle Communications Manager Direct: (604) GoldON Resources Ltd Kelly Road, Suite 416 Victoria, BC, V9B 6J9 Tel: (250) Fax: (250) Join our mailing list: