Moosehead Gold Project Central Newfoundland, Canada Technical Presentation: August 2018
Share Structure Shares Issued & Outstanding (July 30, 2018) 59.2M Warrants ($0.05 -$0.09) 28.5M Stock Options 2.35M Recent Financing ($3.5M) 23.3M Recent Financing Warrants 23.3M Fully Diluted (July 30, 2018) 136.6M Market Cap (July 30, 2018) $12.0M Institutional: Sprott, Palisade ~25% 52 Week High/Low $0.25/$0.03 Cash ~4.0M 2 www.sokomaniron.com | TSX-V: SIC
Moosehead Project: Synopsis/Highlights • A very accessible orogenic lode gold project located in a stable jurisdiction that is open to exploration and development. • Historic sampling has returned values of up to 442 g/t Au from boulders, and up to 170 g/t Au over 1.53 meters from drill core samples. • The mineralized system remains virtually untested below a vertical depth of 100 metres (the only “deep hole” intersected 278 g/t Au over 0.50m at a hole depth of 257 metres), and remains open along strike. • 2015 soil sampling has identified several new, untested gold in soil anomalies. • Mapping of the recently exposed bedrock and mineralized veins indicated that the controlling Au-bearing structures are orientated E-W and WNW, whereas the majority of historic drill holes targeted N-S structures. • Regional exploration potential in an emerging, underexplored district. 3 www.sokomaniron.com | TSX-V: SIC
Big Structures! Big Gold! 4 www.sokomaniron.com | TSX-V: SIC
Central Newfoundland Gold District – Canada’s newest emerging Gold Play Sokoman Iron (SIC) Strategically positioned with multiple quality Projects • Gold associated with regional scale structures - along underexplored >150km long trend • Silurian host rocks are analogous to the Timiskaming assemblage of the Abitibi Belt Moosehead (Sokoman) 44.96 g/t gold over 11.90 m DDH Sokoman Iron Projects Key Gold Prospects/Deposits Gold Occurrences Clarks Brook (Sokoman) 3.74 g/t Au over 3.10 m Crippleback Lake (Sokoman) Trenching targets defined Wilding (Antler Gold) 49g/t Au/ 4.6 m (CS) East Alder (Sokoman) Trenching Targets defined Valentine Lake (Marathon Gold) >3.1 Moz Au (M+I+I) 5 www.sokomaniron.com | TSX-V: SIC
Moosehead Project: Geological Setting (after Williams et al, 1988) Moosehead claim block 6 www.sokomaniron.com | TSX-V: SIC
Moosehead Project (Main Au-bearing) Veins 411 g/t Au, 98 g/t Ag Gold 7 www.sokomaniron.com | TSX-V: SIC
Moosehead Project - Mineralization Altered Mafic Dike with QCV + py/aspy with banded high grade vein at contact 8 www.sokomaniron.com | TSX-V: SIC
Historical Drilling Overview • Historical Drilling focused on NNW Faults. 9 www.sokomaniron.com | TSX-V: SIC
Moosehead Project, Newfoundland N North Pond Fault Trans Canada Hwy North Pond MH-18-01 Discovery 11.90m @ 44.96 g/t Au East Trend Discovery Fault Western Trend Reclaimed Trench Altius 2003 DDH 200 metres 0.45m @278 g/t Au 10 www.sokomaniron.com | TSX-V: SIC
Moosehead Historic Drilling • A total of 111 diamond drill holes have been completed on the property. • Only 22 of these have reached a vertical depth of >100 m (and only ONE >200 m). • The only “deep hole” intersected 278 g/t Au over 0.45 m at a hole depth of 257 m. • MH01-13: 11.05 g/t Au over 17.11 m starting 38.00 m downhole incl. 96.72 g/t Au over 1.50 m. • MH01-23: 170.31 g/t Au over 1.53 m starting at 14.20 m downhole. • MH02-38: 14.07 g/t Au over 16.84 m starting at 74.38 m downhole incl. 111.97 g/t Au over 2.02 m. 11 www.sokomaniron.com | TSX-V: SIC
Moosehead Project: Trench Observations N Au bearing extensional and shear veins Linking two main fault zones E-W Shear controlled Vein zone Q1 Contain high-grade Au zones 12 www.sokomaniron.com | TSX-V: SIC
MH-18-01 East Trend Vertical? “Deep” Intercept 278g/t Au/0.45 m
Moosehead Project: MH-18-01 Cross Section 15 www.sokomaniron.com | TSX-V: SIC
MH-03-15 (278/g/t Au/0.45) MH-18-01 (385.85 g/t Au/1.35) 16 www.sokomaniron.com | TSX-V: SIC
MH-18-01 High Grade Intercept 11.90 m @ 44.96 g/t Au 17 www.sokomaniron.com | TSX-V: SIC
Moosehead Reconnaissance Targets 2015 Qtz Float 180g/t Au 2015 Soil Sampling Anomalous Areas untested Focus of Historical Drilling
Other Gold Properties Central Newfoundland Gold Projects – located on emerging Cape Ray/Valentine Lake/Alder Zone structural trend – consisting of three newly acquired project areas – 220 claims • East Alder – located less than 1.5 kms from Altius Minerals/Antler Gold Alder Zone (49.3 g/t Au / 4.6 m) and 1.5 kms from the Elm Zone (93.1 g/t Au / 1.3 m). • Crippleback Lake – located NE of Alder Zone and features strongly anomalous gold grain counts (up to 57 gold grains including 43 delicate grains) in till sampling. 2017 Acquisition – Clarks Brook Gold - Central Newfoundland • High grade surface assays (19.5 g/t Au bedrock; 25.4 g/t Au float). • No previous drilling. • Fall/Winter 2017/18 - DDH (7 holes) 3.74 g/t Au over 3.10 m incl, 14.7 g/t Au 0.60 19 www.sokomaniron.com | TSX-V: SIC
Central Newfoundland Gold District – Canada’s newest emerging Gold Play Sokoman Iron (SIC) Strategically positioned with multiple quality Projects • Gold associated with regional scale structures - along underexplored >150km long trend • Silurian host rocks are analogous to the Timiskaming assemblage of the Abitibi Belt Moosehead (Sokoman) 44.96 g/t gold over 11.90 m DDH Sokoman Iron Projects Key Gold Prospects/Deposits Gold Occurrences Clarks Brook (Sokoman) 3.74 g/t Au over 3.10m Crippleback Lake (Sokoman) Trenching targets defined Wilding (Antler Gold) 49g/t Au/ 4.6 m (CS) East Alder (Sokoman) Trenching Targets defined Valentine Lake (Marathon Gold) >3.1 Moz Au (M+I+I) 20 www.sokomaniron.com | TSX-V: SIC
Clarks Brook Gold continued… • Mineralization consists of silicified angular boulders up to 3 m in size with disseminated pyrite arsenopyrite discovered by Altius Minerals Corporation in 2004. Altius reported assays ranging from 2.98 g/t to 24.5 g/t gold. In 2009, Altius completed an Induced Polarization (IP) and Magnetics survey that outlined several targets but no drilling took place – property dropped. • 2016 field work by Metals Creek – (MEK.V) resulted in the discovery in bedrock of similar style mineralization to that of the boulders returning a grab sample assay of 19.24 g/t gold. In addition, thirteen (13) of the large angular blocks were sampled and yielded assays ranging from 0.24 g/t to 10.4 g/t gold. • The property is road accessible year round. • SIC optioned property from MEK in 2017 (no cash on signing with a 500,000 share payment and $100,000 in work due in first year. • Phase 1 drilling (515 m) completed in October 2017. Returned 3.74 g/t gold over 3.10 metres including 14.73 g/t gold over 0.60 metres . Similar results from 2018 (3 hole program). • Property for sale or advancement. Surrounded by New Found Gold Corp. 21 www.sokomaniron.com | TSX-V: SIC
Clarks Brook Gold continued… 22 www.sokomaniron.com | TSX-V: SIC
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Iron Horse Project: 2012 Discovery 354.18 m @ 27.75% Fe “ANOMALY A” Hole From (m) To (m) Length (m) Fe (%) GLAA12-01 7.14 103.00 95.86 28.03 Dip -45 & 131.00 163.00 32.00 27.70 GLAA12-02 155.00 509.18 354.18 27.75 Dip -45 GLAA12-03 118.00 147.00 29.00 25.69 Dip -45 235.20 335.20 100.00 27.57 & 24 www.sokomaniron.com | TSX-V: SIC
Management Timothy Froude, P. Geo. , President, C.E.O. & Director Tim has over 30 years experience in the mineral exploration industry and has served as a senior geologist and VP Exploration for several junior exploration companies, as well as a 10 year term with Inco Ltd. Credited with the discovery of Valentine Lake (Marathon Gold, TSX: MOZ). John Ryan, CGA., Chief Financial Officer & Director Over 35 years of corporate and financial management experience. In 2000, Mr. Ryan became President of Spruce Ridge Resources, where he has expanded the company’s property holdings and exploration efforts. He is the CFO of Metalore Resources Ltd. a natural gas producer in Southern Ontario. The company is also engaged in exploration of precious metals. He is CFO of Sokoman Iron Corp., a junior exploration company. He also serves as a Director of other public and private companies. 25 www.sokomaniron.com | TSX-V: SIC
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