INVESTOR PRESENTATION Tatogga Project, Golden Triangle, BC July 2019 GTT : TSX-V
Cautionary Statement Regarding Forward Looking Information Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar words and expressions to the extent they relate to GT Gold Corp. (the “Company”) or its management. The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions. They therefore involve known and unknown risks, uncertainties and other factors. Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of any subsequent date. The material factors and assumptions that were applied in making the forward looking statements in this presentation include: • execution of the Company’s existing plans or exploration programs for its properties, which may change due to changes in the views of the Company, or if new information arises which makes it prudent to change such plans or programs; and • the accuracy of current interpretations of geochemical, geophysical, drilling and other exploration results, since new information or new interpretations of existing information may result in changes in the Company’s expectations. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-looking statements will materialize. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. QA/QC PROCEDURES GT Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of RC chips and diamond drill core, the complete details of which can be viewed on the Company’s website at http://www.gtgoldcorp.ca/projects/tatogga/ Saddle Reverse Circulation and Diamond Drill Program Assay Results Widths reported in this presentation are drilled core lengths. True widths are estimated to be approximately 85- 90% of drilled lengths for minus 50 degree holes, and approximately 70% for minus 70 degree holes. All assays are performed by ALS Canada Ltd. (Minerals), with sample preparation carried out at the ALS facility in Terrace, BC, and assays at the North Vancouver laboratory. Assay values are uncut. For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption. All samples that return equal to or greater than 5 g/t Au from initial fire assaying are additionally sent for screen metallic analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure that any coarse grained, nugget gold fraction that may have been missed in the fire assays has been captured. GT Gold Corp. ’s Qualified Person as defined by National Instrument 43-101 is Charles James Greig, P.Geo., Vice President, Exploration. Mr.Greig has reviewed and approved the technical information in this presentation. TSXV: GTT 2
GT Gold – New Copper-Gold Play with Infrastructure and Upside SADDLE NORTH DISCOVERY TIER 1 MINING JURISDICTION EXPLORATION UPSIDE • • Located in British Columbia’s • Exposure to both copper and gold 2018 Saddle North Golden Triangle – a prolific mining High-grade Cu-Au porphyry • Large-scale, high-grade Cu-Au region hosting a number of with scale and open at depth porphyry system, mineralized to operating mines and world-class • near surface with grades 2017 Saddle South deposits increasing to depth Near surface epithermal • Existing infrastructure with Au-Ag system open to east, • Grades exceeding 1.0% CuEq / proximity to operating mine – west, south and at depth 1.5 g/t AuEq over 777m including paved highway and • including 1.5% CuEq / 2.0 g/t Additional targets identified on access to provincial power grid AuEq over 342m (Hole 109)* large and prospective property *See press release dated January 9, 2019 Strong management with technical expertise, extensive capital markets experience and a track record of value creation TSXV: GTT 3
Equity Structure & Analyst Coverage GT Gold Ownership 1 Capitalization and Balance Sheet (C$) Share Price* $1.04 Retail & Other Basic Shares Outstanding 116.1M 47.0% Options Outstanding 10.5M Basic Market Capitalization $120.7M 22.5% Cash ~$19.0M 8.0% Institutional Ross Beaty Total Debt - 12.6% 9.9% Management * as at 19/07/2019 close Newmont & Directors Goldcorp Research Coverage Firm Analyst GTT Target PI Financial Chris Thomson $2.60 Red Cloud Klondike Strike Derek Macpherson N/A • Average 12-month Target Price $2.60 GT Gold closed a C$17.6 million strategic investment by Newmont Goldcorp on 1. Source: IR Insight, SEDI filings and financing agreement at May 31, 2019. May 29, 2019 2 2. For details, refer to press release also dated May 29, 2019. TSXV: GTT 4
Tier 1 Jurisdiction with Existing Infrastructure Tatogga Property • 100% owned, ~468km 2 Paved Highway 37 • Located near a number of world-class CANADA deposits in renowned Golden Triangle (~15km west of Newcrest/Imperial Metals’ Red Chris mine) Saddle Zone Golden Triangle, Tatogga British Columbia Property Excellent access to infrastructure Quash Pass • Accessible via paved Highway 37 Red Chris • Near Provincial power grid (287 kV) mine • Nearby deep water port Powerline TSXV: GTT 5
Saddle North – Favourable Topography & Site Access • Saddle Zone target area comprises ~3.5km 2 (~1% of total Tatogga property) • From the north, Saddle North is easily accessible along the bottom of a gently sloping valley with little change in elevation TSXV: GTT 6
Saddle North Cu-Au Porphyry Discovery TTD10 108 Tested core of 0.43 g/t Au and 0.32 % Cu over 323. 3.8 m mineralized porphyry intrusive system Demonstrated continuity in higher grade TTD09 093 0.72 g/t Au and 0.40 % Cu southerly-plunging core over 570.34 m from surface to highest- grade parts at depth TTD09 090 0.25 g/t Au and 0.26 % Cu 100% of holes drilled over 494.13 m intersected Cu-Au TTD10 109 porphyry-style 0.84 g/t Au and 0.44 % Cu over 776. 6.58 58 m mineralization System remains open 2019 19 resu sults in most directions, with 2018 18 resu sults most obvious significant potential to depth and to TTD09 098 TTD08 085 1.08 g/t Au and 0.54 % Cu 0.54 g/t Au and 0.35 % Cu the NW over 132. 2.99 99 m over 563. 3.54 54 m TSXV: GTT 7
Section A: drilling across high grade core Saddle North – High Grade Core Continuous to Surface • 2018 drilling identified high-grade core open to depth, varying in thickness from ~100m near surface to over 300m at depth • 2019 first drill results demonstrate continuity of high grades from surface 2019 Saddle North drill core - late sheeted pyrite veinlets cutting veins 2018 Hole 109 extended known high grade mineralization by ~300m down-dip : 343m @ 1.28 g/t Au, 0.57% Cu, 2.30 g/t Ag (1.53% CuEq; 2.08 g/t AuEq) within 1150m from surface @ 0.62 g/t Au, 0.36% Cu, 1.17 g/t Ag (0.82% CuEq; 1.12 g/t AuEq) TSXV: GTT 8
2019 Saddle North Phase 1 Drilling: Results from First Six Holes Confirmed that high grades identified in hole 108 continue up-dip to surface Holes 116 and 112 demonstrate direct link of excellent and increasing grades between near-surface mineralization through to deeper/generally highest- grade mineralization at depth • Drilling continues with 2 rigs: 1. to extend near-surface high-grade mineralization NW along strike from holes 113, 111 and 108 2. to test deeper high-grade zone centred around holes 93 and 109
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