Corporate Presentation October 2019
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; OTC.QB:NVDEF Listed: 2007 Proven team of Nevada explorers (+50 Moz) Market Cap: CA$20M Applying latest exploration technologies Issued & Outstanding: 89M Exploring for Tier 1+ Carlin-type gold deposits Fully Diluted: 110M Three district-scale projects (150 km 2 ) Insider Ownership: 28%
Proven technical team +50 Moz of Gold in Nevada Wade A. Hodges 40 years Nevada experience Goldrush M.Sc., P.Geo Sr. Exploration Manager, Santa Fe Pacific Gold Twin Creeks CEO & Director Involved in discovery +30 Moz of gold in Nevada Lone Tree Rosebud James Buskard 15 years Nevada experience Mule Canyon MBA, BES Leader in undercover exploration technologies 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 38 years of international experience Goldfield Ph.D. Global Porphyry Copper Exploration Manager, BHP New Aurora Director Simon Griffiths 28 years of international experience M.Sc. Chief Geochemist Global, and Chief Geologist South America, Barrick Technical Advisor Member of Barrick’s discovery team at Goldrush
Nevada Gold Production/Area 19.4 (2017 oz/km 2 ) 3.8 3.6 1.4 1.3 0.5 0.5 China Australia Russia NEVADA Canada Peru South Africa 13.7 Annual Gold Production (2017 Moz) 9.7 8.7 5.6 5.3 4.9 4.4 > 600 Au mines > 100,000 prospects China Australia Russia NEVADA Canada Peru South Africa
80% Carlin : 119 Moz Au Cortez : 44 Moz Au From 3 Camps Getchell : 38 Moz Au
+ +
10 Nevada Annual 1998: 8.9 Moz 2017: 5.6 Moz 9 Gold Production - 40 % (Moz/year) 8 SOURCE: NBMG 7 6 5 4 107.8 Moz < 20 3 Reserves years 2 1 0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025
GLOBAL Under Cover EXPLORATION 85% BUDGET NEVADA CANADA AUSTRALIA 45% 30% 25% Under Cover Challenge 55% 70% Opportunity 75% Future
The biggest prize in the industry Produced to date >200 Moz Au Conventional tools don’t work where you 55% can’t see the rocks
New detection technology Better Analytical Tools Lower Detection Limits New Sampling Media
Building a new undercover toolkit Then Now HR-ICP-MS Footprint 10x > deposits GROUNDWATER New Lab Technology The universal solvent
Bigger 10x 1/100 th footprints borehole cost 1/10 th Radical ↑ the samples Area evaluated / dollar
Groundwater programs around the world CSIRO Industry leaders Nevada Exploration Anglo American Chile & Phelps Dodge First Quantum
Cortez Hills Grass Valley, Nevada
NGE Groundwater Program Kelly Creek World’s largest program 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 Advancing 3 district-scale CTGD projects samples
366 Samples (mostly purpose-drilled)
South Grass Valley Cortez Hills Pipeline Goldrush / Fourmile Gravity survey (2018) 488 survey points; 175 km 2 Air magnetic survey (2018) 991 line-km; 124 km 2 Infill hydrogeochemistry (2018-19) 213 groundwater sampling boreholes Soil geochemistry (2018-19) 1,650 samples along 24 sample lines 2018-19 Core Drill Holes 3.7 km NNW-SSE Detailed mapping (2019) Strat. orientation drilling (2018-19) 10 deep core holes (avg. depth 550 m)
Results from initial wide-spaced core holes Confirmed geologic model Complex 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 system Bleaching, 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
Granite Upper Plate Volcanics 1km N 1km 1km N N Air Magnetic Geophysics Gravity Geophysics Mercury in Soils Mapped faults Interpreted faults from geophysics and drilling South Grass Valley
Lower Plate Granite Upper Plate Volcanics 1km N 1km 1km N N Gold in Groundwater Antimony in Groundwater Thallium in Groundwater South Grass Valley
A new district-scale mineral system Characteristic Carlin-type geologic model: multiple structural trap sites in reactive, Initial 11 Core favorably-prepared, CTGD host lower-plate Volcanics Holes carbonate sequence, significant brecciation District-scale Carlin-type mineral system: +3.5 km alteration in bedrock with significant Granite 18 O 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 Volcanics defined four targets with the potential to Upper 1 host a cluster of significant CTGDs Plate N km
South Grass Valley Camp Meikle (7 Moz) Freddie Betze (40 Moz) Post (5 Moz) Screamer (5 Moz) Waterfall Deep Post (4 Moz) Golden Goldstrike Stock Grass Valley Gorge Little Boulder Stock Basin Stock Water Canyon Genesis (3 Moz) West Leeville (3 Moz) 80 Moz Carlin (5 Moz)
Future of gold in Nevada 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 complete undercover toolbox to explore for CTGDs NGE has 15 year head start on industry Pipeline of 3 district-scale projects (150 km 2 ) 55% 2019: drilling validated exploration model
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