Corporate Overview September 2022 - Goudreau Project, Ontario - Manitou Gold
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Corporate Overview September 2022
Goudreau Project, Ontario
TSX-V: MTU www.manitougold.com
TSX-V: MTU
Disclaimer Regarding Forward Looking Statements
Forward-looking statements relate to future events or the anticipated performance of Manitou Gold Inc. (the “Company”) and reflect management’s expectations or beliefs regarding
such future events and anticipated performance. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved", or the negative of these words or comparable terminology. By their very nature forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause the actual performance of the Company to be materially different from any anticipated
performance expressed or implied by the forward-looking statements.
Important factors that could cause actual results to differ from these forward-looking statements include risks related to failure to define mineral resources, to convert estimated
mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, future prices of gold and other commodities, capital and operating costs varying
significantly from estimates, political risks arising from operating in Canada, uncertainties relating to the availability and costs and availability of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, conclusions of economic evaluations, changes
in project parameters as plans continue to be refined, uninsured risks and other risks involved in the mineral exploration and development industry.
Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that described in forward-looking statements, there
may be other factors that cause its performance not to be as anticipated. There can be no assurance that forward-looking 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. These forward-
looking statements are made as of the date of this presentation and the Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Richard Murphy, President & CEO of Manitou Gold Inc., is the Qualified Person, within the meaning of NI 43-101 and has reviewed the technical content of this presentation.
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TSX-V: MTU
Capital Structure & Financial
Management, Director, Insider and
Strategic Investor Ownership
Listing (March 8, 2010 IPO) TSX-V: MTU
Management
Shares Outstanding 344,567,782 and Directors
15%
Options Outstanding 27,450,000 ($0.10 exercise price) Other Alamos Gold
55.2% 19.9%
Warrants 79,424,906 ($0.09 weighted average price)
FD Share Capital 458,972,688
O3 Mining
9.9%
Marketable Securities $1.0M
Cash* $1.3M
*As of Q2 2022 financial statements
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TSX-V: MTU
Experienced and Technical Management & Board of Directors
Management Board of Directors
Guy Mahaffy, Chairman
Chartered Professional Accountant and Chartered Financial
Analyst and Managing Director of W.G. Mahaffy Limited, a
financial advisory firm
Dan McCormack, Director
Former director and Vice President of Vault Minerals Inc.
Richard Murphy Pat Dubreuil Donato Sferra
President, CEO, Director VP Community / First VP Corporate Development
Nations Engagement
Mandy Johnston, Director
Vice President, Finance for Osisko Mining Inc.
Peter MacPhail, Director
Chief Operating Officer of Alamos Gold Inc.
Carmelo Marrelli
Chief Financial Officer
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TSX-V: MTU
Goudreau Project Timeline
Alamos Gold, O3 Technical Work to 1st Ever Drilling In
Largely Completed Mining Make Generate Drill Key Areas of the
Property Assembly Strategic Targets Along western BDZ
Investments Western BDZ
July 2019 Dec 2019 Feb 2021 Jan 2022
2019 2020 2021 2022
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TSX-V: MTU
Towards Discovery of the Next Gold Mine in a Producing
Archean Gold Camp
• Goudreau Project, 100% owned, belt-scale project • Drill targets de-risked – Targets defined by
in proven gold camp within top mining jurisdiction systematic approach: strong geological,
comprising over 350 square kilometers structural, geophysical & geochemical
anomalies
Renabie
DUBREUILVILLE Mine
Island
MISSANABIE
Gold
Magino
Mishi
• Newly identified Ni-Co complex with drill
intersections of 0.25% Ni over 48 m
Eagle River
WAWA
Jubilee
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TSX-V: MTU
Goudreau Project
• Island Gold and Magino with 10+ Moz of gold and Renabie with 1.1 Moz gold produced
‘book-end’ Manitou’s land package
• Ongoing exploration focused on targeting nickel and high-grade gold mineralization
along the 18 km long Baltimore deformation zone (‘BDZ’), which represents the fault Bald Eagle
offset extension of the Goudreau-Localsh deformation zone (‘GLDZ’) that hosts majority Gold Zone
of significant deposits in the camp
• GLDZ has been tested with more than 1,000,000 m of diamond drilling for gold, whereas
the BDZ remains largely unexplored with only 4,400 m of historic drilling for gold
Stover
Gold Zone
Island Gold, Alamos Gold Inc.
Proven and Probable Reserves(1): 1.2 Moz @ 10.37 g/t Au
Goudreau – Localsh Deformation Zone Renabie, Barrick
Measured and Indicated Resources(1): 0.2 Moz @ 6.5 g/t Au Historic Production(3):
Inferred Resources(1): 2.3 Moz @ 13.26 g/t Au 1.1 Moz @ 6.6 g/t Au
Tracanelli
Magino, Argonaut Gold (1) NI 43-101 Compliant, Technical Report for the Island Gold
Mine, Dubreuilville, Ontario, Canada. Published by Alamos
Proven & Probable Reserves(2): 2.1 Moz @ 1.13 g/t Au Gold Inc. Effective Date: July 14, 2020
Measured & Indicated Resources(2): 4.2 Moz @ 0.91 g/t Au (2) NI 43-101 Compliant, Feasibility Study Technical Report on the
Magino Project, Ontario, Canada. Published by Argonaut Gold
inc. Effective Date: November 8, 2017
(3) Non NI 43-101 Compliant. Azadbakht, Z. et al., 2021. Report of
Activities, 2020 Resident Geologist Program. Ontario
Geological Survey Open File Report 6374, 43 p.
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TSX-V: MTU
Bald Eagle Gold Zone Plan Map BEGZ Main Zone
Surface Projection Zinc Zone
Surface Projection
90.5 m @ 0.3 g/t Au,
BEGZ Highlights Incl. 3.0 g/t over 0.9 m 22.8 m @ 0.9 g/t Au,
Hole ID
Core Length Au incl. 9.0 m @ 1.4 g/t Au,
(m) (g/t) & incl. 1.5 m @ 2.8 g/t
27.9 m @ 0.6 g/t Au,
0.7 10.9
MTU-21-43 Incl. 2.5 m @ 3.4 g/t Au
1.3 1.9
1 7.1
2.5 8.2
MTU-21-44
incl. 1 19.7
1
1.5
6.3
2.8
• Drilling is targeting gold zones in an east-
MTU-21-39
1.1
22.8
1.6
0.9
southeast striking, structurally controlled gold 20.6 m @ 0.8 g/t Au,
incl. 9 1.4 corridor in stratigraphic footwall of known Incl. 1.5 m @ 5.1 g/t Au
incl. 1.5
1.5
2.8
1.1
Zinc zone
BEGZ
• Robust gold system with multiple styles of
4.6 0.9
incl. 1.5 1.3 Surface Projection
MTU-21-59
MTU-21-40 2 1.7
4.5 0.8 gold mineralization – remobilized gold in 10.9 g/t Au over 0.7 m
incl.
18.5
1.5
0.5
1.3
variably transposed sulfide fracture zones, in
3 1 disseminated sulfide zones, and 7.1 g/t Au over 1.0 m
incl. 1.5
1
1.5
2.5 compressional and extensional quartz veins
MTU-21-41 0.8 1.8
incl.
20.6
3
0.8
3.3
• Recent high-grade intervals include 19.7 g/t 19.7 g/t Au over 1.0 m
incl. 1.5 5.1 Au over 1.0 m and 10.9 g/t over 0.7 m
1.3 2.4
MTU-21-42 1.5 1.8
1 1.4 6.3 g/t Au over 1.0 m
1.4 1.2
1.5 1.1
MTU-21-56 90.5 0.3
incl. 1.0 1.0
& incl. 0.9 3.0
13.7 0.4
incl. 1.5 1.5
27.9 0.6
MTU-21-59
incl. 2.5 3.4
32.6 0.4 Mineralized Zone,
incl. 3.0 1.6 Surface Projection
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TSX-V: MTU
Bald Eagle Gold Zone Cross Section
Historic Drill Holes
A A’
• Mineralization at the main zone is hosted in A
steeply dipping (70-80°) sericitized quartz- Au Bearing Zone
(BEGZ)
pyrite schist
2.4 g/t Au over 1.3 m
• Mineralization appears to have a predictable
planar geometry with steep westerly plunge
orientation A’ 2.8 g/t Au over 1.5 m
• Potential for higher grade mineralization
highlighted by intersection in MTU-21-41 with
5.1 g/t Au over 1.5 m, within wider interval -100m
grading 20.6 m at 0.8 g/t Au
18.5 m @ 0.5 g/t Au,
Incl. 1.5 m @ 1.3 g/t Au
22.8 m @ 0.9 g/t Au,
-200m Incl. 9 m @ 1.4 g/t Au
& incl. 1.5 m @ 2.8 g/t Au
Bald Eagle Gold Zone
Cross Section (50m thickness)
MTU-21-39 (211.3 to 299.0 m) Rhyolite Quartz-Sericite Schist Looking 110°
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TSX-V: MTU
Bald Eagle Gold Zone Cross Section
B B’
7.1 g/t Au over 1m
10.9 g/t Au over 0.7
8.2 g/t Au over 2.5m,
Incl. 19.7 g/t Au over 1m B
MTU-21-44 (Partially transposed Po-Cpy filled fractures;
19.7 g/t over 1.0 m)
B’
6.3 g/t Au over 1.0m
MTU-21-43 (Extensional Quartz Vein with Visible
Gold) Bald Eagle Gold Zone
Rhyolite Quartz-Sericite Schist Cross Section (40m thickness), Looking 110°
1010TSX-V: MTU
Stover Zone
• Structural model indicates Stover is located proximal to intersection SE striking “Main
Shear” and NE striking Stover fault
• Mineralization hosted in highly deformed package of felsic pyroclastic rocks cut by a
series of gabbroic dikes
• Wide zones of sericite-carbonate with associated compressional quartz veins
• Remains open in all directions
Highlight Drill Intersections
Core length(1)
Hole ID From To Au (g/t)
(m)
MTU-20-49 48.3 55.9 7.6 1.0
MTU-20-49 85.6 125.5 39.9 0.5
MTU-20-56 136.6 185.7 49.1 0.6
incl. 149.8 164.8 15 1.5
incl. 159.6 162.9 3.3 3.5
MTU-21-03 150.7 208 57.3 0.3
& incl. 162.3 167.3 5.0 1.5
MTU-21-07 186.9 223.4 36.5 0.5
incl. 198.5 202.9 4.4 1.8
MTU-21-10 291.0 340.0 49 0.7
& incl. 318.1 328.0 9.9 1.8
incl. 322.1 325.1 3 4.0
(1) Lengths are reported as core lengths. True estimated at 70%
to 80% of reported intervals.
1111TSX-V: MTU
Opportunity for Discovery of Multi-Million Ounce Gold Deposits
Lithostructural Interpretation over
Reduced-to-Pole Magnetic Intensity
Meath Lake
Intrusion
Easy Lake
Intrusion
Harcourt Lake
Intrusion
Aeromagnetic images showing gold deposits or
districts located at triple-point and quadruple-
point junctions of granitic batholiths: (a)
Musselwhite; (b) Red Lake (from Groves et al.,
2018)
• The BDZ represents a crustal-scale fault system that is the key target for orogenic gold mineralization
• Structural intersection located between triple junction of the granitic batholiths. The lithological and structural setting comparable to other districts or deposits with >2M
ounces of gold
• Mineralization potential highlighted by numerous drill holes at Stover Zone with wide gold intercepts, such as MTU-20-51 which returned 49.1 m @ 0.6 g/t Au incl. 3.3 m @
3.5 g/t Au
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BDZ Targets
• Winter drilling has confirmed the presence of important
geological structures and alteration that highlight the
host rocks’ prospectivity for gold and nickel
mineralization G8
• G1 through G4 are structural targets Easy Lake
supported by multi-element soil Meath Lake G7 Intrusion
anomalies Intrusion
G2
• G5 consists of two IP chargeability
anomalies within a felsic volcanic G6
package. Chargeability anomalies are G1
interpreted to be caused by sulphide G5
mineralization. The eastern anomaly G3
occurs proximal to the structural
intersection between the 120° striking
shear zone and 150° cross-fault Harcourt Lake
Intrusion
• G6 through G8 represent magnetic- G4
high anomalies coincident with
interpreted and known ultramafic
intrusives prospective for Ni-Co
mineralization as highlighted by hole
MTU-22-14 Structural Interpretation over Pseudo-colour
RTP 1VD. Showing drill holes and targets
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Opportunity for Discovery of Large Tonnage Nickel Deposit
• New nickel discovery in the BDZ with
0.25% Ni over 48 m in hole MTU-21-14
within highly serpentinized ultramafic
0.25% Nickel over 48m (hole collared in mineralization) rocks
• Hole collared in mineralization (near the
southern margin of the body) and did not
intersect the full width of the
mineralization zone
MTU-22-14
• Nickel grade and geological setting similar
and analogous to Canada Nickel Crawford
deposit with same host mineralization
• Numerous structural trends with
ultramafic bodies prospective for Ni-Co
mineralization identified along the BDZ on
Manitou property
Ultramafic Intrusion
Structural Interpretation over Pseudo-colour
RTP 1VD. Showing Ultramafic Intrusions
1414TSX-V: MTU
Opportunity for Discovery of Large Tonnage Nickel Deposit
Reflected light (left) and transmitted light (XPL; right) photomicrographs of a large crystal of awaruite (lightest grey),
intergrown with magnetite (darker grey), in a matrix of serpentine lesser talc and relict pyroxne +/- olvine. MTU-22-14
(29.8 m).
• Microscopic analysis of several core samples from hole MTU-22-14 identified awaruite, a
naturally occurring alloy of nickel and iron, composed of up to 75% nickel and 25% iron
• Host rocks are extensively serpentinized with primary olivine is altered to an assemblage of
consisting of mainly serpentine, talc, magnetite and accessory awaruite.
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Regional Structures & Ultramafic Intrusions
Fault or Shear Zone
Plan map showing interpreted ultramafic
intrusions along important structural trends
• Prospective ultramafic bodies cover a strike length of > 50km with individual bodies up to 1.5 km long and over 200 m wide
• With the exception of the immediate area around the Bald Eagle gold zone, northern deformation zone is extremely underexplored with
virtually no drilling
1616TSX-V: MTU
Goudreau Project
• 100% owned, belt-scale project in >11 Moz gold camp within top mining Bald Eagle
jurisdiction comprising over 350 km2 Gold Zone
• Upcoming 2022 drill program to test targets defined by strong geological,
structural, geophysical & geochemical anomalies
• Regular news flow through 2022
Stover
Gold Zone
Island Gold, Alamos Gold Inc.
Proven and Probable Reserves(1): 1.2 Moz @ 10.37 g/t Au
Renabie, Barrick
Measured and Indicated Resources(1): 0.2 Moz @ 6.5 g/t Au Goudreau – Localsh Deformation Zone Historic Production(3):
Inferred Resources(1): 2.3 Moz @ 13.26 g/t Au 1.1 Moz @ 6.6 g/t Au
Tracanelli
Magino, Argonaut Gold (1) NI 43-101 Compliant, Technical Report for the Island Gold
Mine, Dubreuilville, Ontario, Canada. Published by Alamos
Proven & Probable Reserves(2): 2.1 Moz @ 1.13 g/t Au Gold Inc. Effective Date: July 14, 2020
Measured & Indicated Resources(2): 4.2 Moz @ 0.91 g/t Au (2) NI 43-101 Compliant, Feasibility Study Technical Report on the
Magino Project, Ontario, Canada. Published by Argonaut Gold
inc. Effective Date: November 8, 2017
(3) Non NI 43-101 Compliant. Azadbakht, Z. et al., 2021. Report of
Activities, 2020 Resident Geologist Program. Ontario
Geological Survey Open File Report 6374, 43 p.
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