Corporate Presentation Augu ugust 11, 11, 202 2020
Disclaimer This 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 has prepared the technical and scientific information contained in this Presentation.
Nevada Exploration Inc. TSX.V:NGE; OTCQB:NVDEF Market Cap: CA$23M Team of proven Nevada explorers (+50 Moz) Issued & Outstanding: 104M First mover applying new technologies Fully Diluted: 134M Exploring for Tier 1 Carlin-type gold deposits Insider Ownership: 25% Advancing three district-scale projects (150 km 2 )
Proven technical team +50 Moz of Gold in Nevada Wade A. Hodges Involved in discovery +30 Moz of gold in Nevada Goldrush M.Sc., P.Geo Sr. Exploration Manager, Santa Fe Pacific Gold Twin Creeks CEO & Director 40 years Nevada experience Lone Tree Rosebud James Buskard Leader in undercover exploration technologies Mule Canyon MBA, BES 15 years Nevada experience Elder Creek President Goldbar Kenneth N. Tullar 30 years Nevada experience Easy Junior B.Sc., P.Geo Involved in discovery 7 Moz of gold in Nevada Cove McCoy COO Wildcat Mtn. View Dr. John E. Larson Global Porphyry Copper Exploration Manager, BHP Goldfield Ph.D. 38 years of international experience New Aurora Director Simon Griffiths Member of Barrick’s discovery team at Goldrush M.Sc. Chief Geochemist Global, and Chief Geologist South America, Barrick Senior Technical 28 years of international experience Advisor
80% Carlin : 119 Moz Au Cortez : 44 Moz Au From 3 Getchell : 38 Moz Au Camps
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10 Nevada Annual 1998: 8.9 Moz 2017: 5.6 Moz 9 Gold Production - 40 % (Moz/year) 8 SOURCE: NBMG 7 6 5 4 3 2 1 0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025
BHP’S EXPLORATION BUDGET ( WORL D ’ S L A RGEST MI NI NG COM PA NY) Jean des Rivieres Under Cover Vice President Exploration Copper 85% "We need to be mindful that the near- surface search space is quickly disappearing …any world-class orebody that was partially exposed has most likely been discovered."
Under-cover opportunity in Nevada Produced to date >200 Moz Au >200 Moz Au Projected residual endowment under cover 55%
Latest under-cover detection technology GROUNDWATER “The universal solvent” New Lab Technology (HR-ICP-MS) Now Then Footprints in groundwater 10X > deposits
Paul Agnew Chief Geologist Technology "Anyone drilling a hole and not taking a groundwater sample is crazy.“ (Keynote Plenary Session, Exploration ’17 – Toronto)
Groundwater programs around the world CSIRO Industry leaders Nevada Exploration Anglo American Chile & Phelps Dodge First Quantum
NGE Groundwater Program World’s largest program Kelly Creek Grass Valley +6,000 groundwater samples mostly South Grass from purpose-drilled sampling bores Valley Tested around +30 known gold mines Built database of new exploration targets Discovered 3 new district-scale NGE projects Carlin-type gold projects (150 km 2 ) Groundwater samples
Cortez District (44 Moz Au) Pipeline Cortez Hills Goldrush / Fourmile Air magnetic survey (2018) Gravity survey (2018) Soil geochemistry (2018-19) Infill groundwater (2018-19) South Grass Detailed mapping (2019) Stratigraphic orientation drilling (2018-19) Valley Project Infill RC drill sampling (2020)
South Grass Valley Project Classic architecture of a Carlin-type gold district Complex, regional-scale structural fabric with multiple structural trap sites • Thick package of reactive lower-plate exhibiting significant brecciation • Along the margin of a major intrusive • Lower-Plate Grass Valley Host Rocks Intrusive Stock 2018-2019 Initial Stratigraphic Core Holes 2020 Infill Reverse-Circulation Sampling Holes
South Grass Valley Project Size of system Massive Carlin-type Mineral System Widespread alteration, intense silicification Multi-phase sulfide & oxide mineralization Enriched gold and CTGD pathfinders
South Grass Valley Project Controls for Mineralization Dominant secondary control of fluid flow associated with a Cambrian-aged limey mudstone (the “Clm Unit”) Intersection of Clm Unit and structural corridor defines East Golden Gorge target Primary source of mineralized hydrothermal fluids from deep-seated regional-scale structural corridor
South Grass Valley Project Planned 2020-21 Core Drilling Program 12,500-metre 10-hole program
South Grass Valley Project Goldrush footprint for scale (10 Moz Gold @ 10 g/t)
Kelly Creek Project KC Google Earth Getchell District (38 Moz Au) Approx. Project Area (53 km 2 ) Lone Tree (4.6 Moz Au) Gravity, air magnetic, seismic, CSAMT geophysics (pre-2016) Stratigraphic orientation drilling (pre-2016) Wide-spread shallow RC drilling (2016-17)
Kelly Creek Project Major l land h d holder ders Historically, limited systematic, coordinated exploration: multiple holders have advanced smaller land positions in isolation, including: BHP, Newmont, Barrick, AngloGold, Hemlo, Homestake, and Kennecott Today, consolidated to three major holders: 1. Nevada Gold Mines (Barrick and Newmont JV) 2. SSR Mining 3. Nevada Exploration
Kelly Creek Project 2016-17 S 201 Shallow R RC S Sampling R Results Gold in groundwater The 2016-17 shallow RC drilling defined discrete NNW zones of enriched gold in bedrock and groundwater bounded by the primary N-S structural fabric that runs north from Marigold, consistent with the geometry of zones of structural extension (Riedel-style shears) that Lone Tree provide important mineral-controls at many of Nevada’s major gold deposits. (4.6 Moz) Based on the combined gravity, air magnetic, seismic, CSAMT, and early orientation drill holes, Nevada Exploration confirmed the favourable host Marigold units and structural controls associated with Lone (8.2 Moz) Tree and Marigold project northwards to the Kelly Creek Project area, under relatively shallow cover
Kelly Creek Project July 202 2020: NG NGE optioned p projec ect t to A o Austin G Gol old C Cor orp. Terms: Austin’s Executive Chairman, Joe Ovsenek (former Pretium Resources Inc. CEO): To earn a 51% JV interest, Austin Gold must spend • “Kelly Creek is one of only a handful of district-scale $5M within four years Carlin-type gold projects not currently controlled by the Austin Gold can earn an additional 19% interest (for a • majors. SSR Mining’s recent drilling success at nearby total of 70%), by delivering a prefeasibility study Trenton Canyon highlights the potential to discover new At NGE’s election, Austin Gold to provide NGE’s • mineralization within the Battle Mountain Mining portion of any debt financing or arrange for third District, and is bringing new attention to the area. Now party financing of NGE’s portion of any debt financing that the definitive agreement is signed, we’re looking to construct a mine in exchange for additional 5% forward to working with Nevada Exploration to integrate If a party is diluted to a 10% interest in the joint their comprehensive exploration dataset with the latest • venture, its interest will be converted to a 10% net research on the district, and we’re gearing up to get on profits interest the ground.”
KC Google Earth Cortez District (44 Moz Au) Goldrush / Fourmile Pipeline Cortez Hills 13 km Project Area (36 km 2 ) Gravity survey (2013) Reprocessed historic seismic (2013) (North) Grass Soil geochemistry (2013) Infill groundwater sampling (2014) Valley Project Assayed historic drill cuttings (2015)
Grass Valley Project Resu sults & s & Plans Work to date has established evidence that the complex structural controls associated with Cortez are also present along western edge of Grass Valley. This favourable structural setting is coincident with both potentially favorable host rocks as well as enriched concentrations of gold and supporting trace-element geochemistry in groundwater, soils, and vegetation, as well as historic drilling. Based on the combined datasets, the Company believes the Project exhibits the features and the scale of a potentially gold-bearing hydrothermal system consistent with a large CTGD. Nevada Exploration expects next phase of work will consist of a series of stratigraphic orientation drill holes to test for a large Carlin-type hydrothermal mineral system.
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