EXPLORING B.C.’s PROLIFIC CORPORATE PRESENTATION GOLDEN TRIANGLE July 2020 TSX-V: MTB www.mountainboyminerals.ca TSX-V: MTB 1
DISCLAIMER THIS MANAGEMENT PRESENTATION (THE "PRESENTATION") WAS PREPARED AS A SUMMARY OVERVIEW ONLY OF THE CURRENT AFFAIRS OF MOUNTAIN BOY MINERALS .(”MOUNTAIN BOY" OR THE "COMPANY") AND WAS NOT PREPARED FOR THE PURPOSE OF ASSISTING PROSPECTIVE INVESTORS IN MAKING A DECISION TO INVEST IN MOUNTAIN BOY. MOUNTAIN BOY DOES NOT MAKE ANY REPRESENTATION AS TO THE COMPLETENESS, TRUTH OR ACCURACY OF THE INFORMATION CONTAINED IN THIS PRESENTATION. THE COMPANY EXPRESSLY WARNS READERS NOT TO RELY ON THE INFORMATION HEREIN FOR INVESTMENT OR OTHER RELATED PURPOSES. ACCORDINGLY, ANY USE OF THIS INFORMATION IS AT YOUR RISK AND WITHOUT LIABILITY TO THE COMPANY. THE INFORMATION CONTAINED HEREIN IS NOT AND SHOULD NOT BE CONSTRUED AS EITHER A PUBLIC OR PRIVATE OFFER OR SOLICITATION TO PURCHASE SECURITIES IN THE CAPITAL STOCK OF MOUNTAIN BOY MINERALS. THE READER IS REFERRED TO HIS/HER PROFESSIONAL INVESTMENT ADVISOR REGARDING INVESTMENT RELATED DECISIONS RESPECTING THE SECURITIES OF THE COMPANY. CONFIDENTIALITY This Presentation is confidential and the contents are not to be reproduced or distributed to the public or the press. Securities legislation in all provinces and territories prohibits such unauthorized distribution of information. Each recipient of the information contained in this Presentation will treat such information in a confidential manner and will not, directly or indirectly, disclose or permit its affiliates or representatives to disclose such information to any other person or reproduce this Presentation in whole or in part, without the prior written consent of Mountain Boy Minerals. FORWARD-LOOKING INFORMATION This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a comprehensive list of risk factors are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates change, other than as required by law and readers are further advised not to place undue reliance on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. QUALITY ASSOURANCE/QUALITY CONTROL The technical information in this presentation has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified person, Andrew Wilkins, B.Sc., P.Geo., TSX-V: MTB 2
CAPITAL STRUCTURE TSX-V: MTB Share Price $0.40 Issued & Outstanding ~ 49M Fully Diluted ~57M Market Cap. $19.6M Insider Ownership = 20% $3.25M Financing closed in July – Eric Sprott 1M share placement www.mountainboyminerals.ca TSX-V: MTB 3
A Silver-Gold Discovery Story Mountain Boy plans to drill a silver-gold project where compelling evidence points to the potential of a large-scale deposit. A highly qualified geological team spent two years working on the project after compiling a wealth of historic information. This recently consolidated property includes an exceptionally rich historic silver mine where earlier drilling hit 5200 g/t silver over 5 meters. The planned drill program will follow up on that bonanza hole; it will test the extension of the veins onto newly acquired property; and it will test a new discovery – where samples include 1200 g/t silver and 28 g/t gold. TSX-V: MTB 4
Four strategically located projects in British Columbia’s prolific Golden Triangle § The Golden Triangle is one of the most richly mineralized areas on the planet, hosting large deposits of gold, silver and copper. § British Columbia is politically stable & a proven mining jurisdiction. § Established infrastructure: Road, deep-water port & power. § Two mines currently operating in the Golden Triangle - another on the way: § Brucejack (reserves of 4.2 mil oz Au, 30.1 mil oz Ag) 1 § Red Chris (reserves of 2.38 bil lbs Cu, 2.66 mil oz Au) 2 § Premier (Feasibility Study: reserves of 1.2 mil oz Au, 4 mil oz Ag) 3 1. Pretium website, 2020 2. Imperial Metals website 2020 3. Ascot: Feasibility Study NI 43-101 Technical Report, May 22, 2020 TSX-V: MTB 5
American Creek Potential for gold-silver deposits similar in scale to the adjacent Premier Camp. § Opportunity generated by consolidation of large land package incorporating numerous historic showings and crown grants. § Recognizing the package as one large geological system. § Geological model suggests strong similarities to the Premier Camp. American Creek offers MTB shareholder a Premier opportunity TSX-V: MTB 6
PREMIER OPPORTUNITY MTB’s American Creek Project Ascot is focused on re-starting the past- is within 6.4 kilometres of the Premier mill and producing Premier Gold Mine north of Stewart: 3.4 kilometres from the Big Missouri deposit • Historical production (1918 -1996) at Premier - 2 million oz gold and 45 million oz silver. MTB property • Current proven and probable reserves: 6.2 Mt @ 5.9 g/t gold and 19.7 g/t silver with exploration upside.* • Road access + historic mining infrastructure (processing facility, hydro-power plant, tailings facility) = lower initial capital cost and fast-track to production. • The Premier mineral deposits are intermediate sulfidation epithermal gold-silver systems with subsidiary base metals (the same as American Creek). (*) R, AAscot Npril 15, 2020 TSX-V: MTB 7
AMERICAN CREEK OPPORTUNITY Opportunity generated by consolidating a 2,600 hectare, strategically located land package with numerous mineralized zones • Historic Mountain Boy (MB) Silver Mine: - 5.2 kilograms silver drilled (1) and never followed up - MTB to follow up this year! • Dorothy – Extension of MB Silver Mine: - multiple silver-gold veins at surface but never drilled; - MTB to drill this year! • Silver Crown – new gold discovery: - surface samples: 28.5g/t gold & 1,200 g/t silver (2) - plan to do IP then drilling this year! (1) NR Jan 30-07 (2) NR Jan14-20 First ever comprehensive look leading to the recognition of the property as one big system, resulting in a geological model similar to the neighboring Premier Camp. Drill target areas 8 TSX-V: MTB
MODEL TO BE TESTED IN 2020 PERMIT IN PLACE Fully funded exploration program is underway: • Further data review, geological mapping and structural interpretation • LiDar survey • Induced polarization (IP) survey Phase 1 is intended to refine drill targets for the drill program in 2020 Phase 2 drill program slated to begin in September • 4000 metres planned • 3 target areas to be tested on American Creek TSX-V: MTB 9
TARGET 1: MB SILVER MINE • Proven historic high-grade silver mine • Drilling is designed to test and confirm continuity of mineralization along strike and at depth • 2006 drill assays returned 5.2 kilograms silver over 5 metres (1) and never followed up • Eight mapped veins and five historic adits (1)NR Jan 30-07 • TSX-V: MTB 10
TARGET 2: DOROTHY VEINS • The veins are interpreted to be part of the same system as the MB Silver Mine located 2 km south • Favourable results on this target will demonstrate large scale potential • There are 15 discovered vein occurrences within the Dorothy property • Veins on the Dorothy option have never been drill tested Grab and channel sample highlights include: • 0.37% Cu, 1.60% Pb, 0.16% Zn and 260.8g/t silver (sample 27457). 0.94% Cu, 25.33% Pb, 4.97% Zn and 76.0g/t silver (sample 584829). 0.43% Cu, 4.81% Pb, 1.75% Zn and > 300g/t silver (sample 584823). Sample 27460 is a 50cm channel sample returned 1.77% Cu, 19.57% Pb, 5.16% Zn and 113.3g/t silver. TSX-V: MTB 11
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