High Grade Copper and Gold Project New Drill Targets Identified - PowerPoint PPT Presentation

High Grade Copper and Gold Project New Drill Targets Identified Close to Copper Mountain Mine

CAUTIONARY DISCLAIMER: FORWARD LOOKING STATEMENTS Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations for future performance, are “forward-looking statements.” We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company’s filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Dr. Selina Tribe is the Qualified Person for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements. 2

A Compelling Copper and Gold project GRADE SIZE 0.95% Copper and 0.55 g/t Pervasive alteration over Gold over 100 metres in 2,500 metres by 2,000m open hole DDH 12-21 under till blanket LOCATION POTENTIAL 15 kilometres north of the High Grade target at Cuba operating Copper Mountain Zone Mine in British Columbia Untested step out targets for (CuMtn/Mitsubishi) new porphyries 3

BRITISH COLUMBIA: A Proven Jurisdiction • 8 currently operating Red Chris porphyry copper mines • Strong Governmental support for responsible resource development Mt. Milligan Sego’s Huckleberry Miner • Endowed with over 1,000 Mountain kilometres of Cu-Au Mt. Polley Gibraltar porphyry prospective Highland Valley geology New Afton • 8 new copper-gold porphyry Vancouver discoveries since 2006 4

SOUTHERN BC: A Porphyry Superhighway • Copper majors at work in the belt since 2009 include; • Teck Resources • Xstrata Copper • KHGM Polska • Kaizen Discovery (Robert Friedland) • Mitsubishi Materials • Antofagasta Minerals • New Afton, Highland Valley and Copper Mountain (Ingerbelle) all contain or contained prior to mining high grade copper resources 5

MINER MOUNTAIN: Close to Infrastructure Princeton 6 6

MINER MOUNTAIN: Close to Infrastructure • The hurdle for an economic discovery is lower due to short trucking distance Reserves (2018) 133 Million Tonnes at 0.35% Cu and 0.12 g/t Au Copper Mountain Mine Resources (2018) 244 Million Tonnes at 0.33% Cu and 0.11 g/t Au (M+I) Sego Resources drilling at Miner Mountain 7

MINER MOUNTAIN: Exploration History • Copper discovered in Regal Landslide Previous Exploration area in 1908 whilst mining for coal 1000m Legend Drill collar • Granby Consolidated Mining N Copper in trench discovered the Granby zone in the (ppm) 1950’s • Sego options property in 2007 and drilling defines mineralisation in the Regal Cuba zone including; Granby Zone Landslide - DDH 12-21: 100 m of 0.95% Cu and 0.55 g/t Au Cuba Zone - DDH 08-4: 52.47 m of 0.41% Cu and 0.12 g/t Au Gold-Copper • Systematic mapping, trenching, soils, Target magnetics and induced polarization surveys reveal new drill targets 8

MINER MOUNTAIN: Geology and Alteration Geology and Copper in trenching Alteration Legend Legend N N Copper in trench (ppm) Alteration K-Feldspar Argillic Magnetite Epidote Inner propylitic Chlorite Till Till Hematite Geology Other Cover Cover Porphyry intrusion Diorite Inner Granby Zone Andesite flows propylitic Argillic Tuff Cuba Zone Regal Landslide Potassic Inner propylitic Potassic Inner Inner propylitic propylitic Gold-Copper Target 1000m 1000m 9

NEW TARGETS: Cuba Zone High Grade Drilling with RTP Magnetics Drilling with Chargeability A A A’ A’ 10

NEW TARGETS: Cuba Zone High Grade Long section with copper assays shown looking towards Northeast A A’ MM-12-26: 12.2 m of 1.16% Cu, 0.76 g/t Au MM-17-30: 105 m of 0.31% Cu, 0.08 g/t Au MM-18-34 18 m of 0.56% Cu, 0.06 g/t Au MM-12-21: 100 m of 0.95% Cu, 0.55 g/t Au 11

NEW TARGETS: Cuba Zone High Grade THE PROBLEM AND THE OPPORTUNITY! Drilling deeper for >1% hypogene copper porphyry is a compelling target 12

NEW TARGETS: Cuba Zone High Grade Diamond holes only with copper assays shown looking towards Northeast A A’ Over 400m of strike MM-12-26: 12.2 m of 1.16% Cu, 0.76 g/t Au Over 100m MM-17-30: downhole interval of 105 m of 0.31% Cu, 0.08 g/t Au MM-18-34 porphyry in each hole (base of hole is out of section) 18 m of 0.56% Cu, 0.06 g/t Au MM-12-21: 100 m of 0.95% Cu, 0.55 g/t Au DEEPER DRILL TARGET Four Holes logged in Cuba Zone shows grade correlates with early-mineral Diorite (Next step is systematic a re-logging program) 13

NEW TARGETS: Cuba Zone High Grade - Analogue • Analogue to high level alteration at Cadia East, Lachlan Fold Belt, Australia Cross section 15820E, Cadia East porphyry Au-Cu deposit, Lachlan Fold Belt, Australia. The upper zone of “potassic IV” and “sodic II, phyllic” alteration above the principal ore zone are where the late state albite – K-felspar – sericite – pyrite Potassic III alteration with Chalcopyrite alteration event has overprinted earlier-formed chalcopyrite – biotite alteration (early-stage “Potassic III”). Modified from Wilson, 2003. Late Potassic IV overprinting early alteration 14

NEW TARGETS: Cuba Zone High Grade - Analogue • Analogue to high level alteration at New Afton, British Columbia • Near identical Phyllic overprint • Mineralization terminates in contact with Phyllic alteration Alteration Mineralization Phyllic Alteration – Sericite, Carbonate, pyrite, quartz +/- tourmaline 15

NEW TARGETS: Strongly Supported in Soils Copper in soils Gold in soils 1000m 1000m Sovereign Zone New Target N N Exotica Transported copper(?) Empress Zone Empress Zone New Target New Target Regal Regal Landslide Landslide Legend Legend Drill collar Drill collar Granby/ Granby/ Copper (ppm) Gold (ppb) Cuba Zone Cuba Zone Gold-Copper Gold-Copper Target Target 16

NEW TARGETS: Coincident Magnetic Anomalies Copper in soils Airborne Magnetic Survey (RTP) 1000m 1000m Sovereign Zone Sovereign Zone New Target In Magnetic low N N Exotica Exotica Transported Transported copper(?) copper(?) Empress Zone Empress Zone New Target Bullseye Regal Regal magnetic highs Landslide Landslide Granby/ Granby/ Cuba Zone Cuba Zone Gold-Copper Gold-Copper Target Target 17

NEW TARGETS: South Target – Drill Ready • Gold-rich, unexplained target Chargeability Survey 200m Legend GOLD-COPPER • South Target Zone has a Au, Copper in trenches (ppm) SOUTH TARGET Cu and Mo in soil anomaly N Trench 42: 10 m grading 1.18% • Overlapping chargeability and Magnetic high never drilled MM-09-13: Inner propylitic alteration but • Samples of potassic altered diorite no porphyry intrusive Copper in soils (ppm) porphyry with chalcopyrite in trenches - not found in drilling Trench 32: Blebs of Chalcopyrite 32 m grading 0.29% Cu and 1.0 g/t Au Trench 88: 1m grading 31.47g/t Au Drill collar Image is 800 meter Unexplained High-Chargeability elevation chargeability orthophoto • Another compelling target that Anomaly on edge of survey is ready to diamond drill 18

NEW TARGETS: Empress Zone – Drill Ready • Granby and Cuba zones show Airborne Magnetic Survey (RTP) proximal 250m Legend Empress Zone Copper in trenches (ppm) New Target Trench 103: • Empress Zone has a classic N 18m grading 0.96% Cu alkalic porphyry footprint with a and 0.31g/t Au Cu, Au, Mo, Ag, Zn, Mn and Fe (open to the south) in soil anomaly Untested mag high • Local bullseye magnetic highs Copper in soils (ppm) Granby and a central low Zone DDH 08-4: • 2019 trenching interested PDH 136: 52.47 m of 0.45% Cu 42 m of 0.26% Cu and 0.22 g/t Au - Trench 103: 18 m of 0.96% Cu and .31 g/t and 0.11 g/t Au Au (open at depth) Drill collar Cuba Zone DDH 12-21: • A compelling target that is Image is Reduced to 100 m of 0.95% Cu and 0.55 g/t Au ready to diamond drill Pole (RTP) magnetics draped over project orthophoto 19