Corporate presentation - January 2022 - TSX-V: BURG - Burin Gold
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Corporate presentation – January 2022
TSX-V: BURG
Disclaimer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this document.
This document includes certain “forward-looking statements” which are not comprised of historical facts. Forward looking statements include estimates and statements that describe
the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward looking
statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are
based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on
information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements,
exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates
of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral
resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of
metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfil the duty to
accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs 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, capital and operating costs varying significantly from estimates and the other
risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not
limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in
the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news
release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such
events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result
of new information, future events or otherwise, other than as required by law.
Qualified Person
David Clark MSc PGeo is the company’s Qualified Person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and is registered as a professional
geoscientist in the provinces of Newfoundland & Labrador and British Columbia. David has prepared the technical information included in this presentation.
2
Summary
• $3.83 million raised • Large land position • 2020 scout drilling program at • 10,000 m resource
privately between 2018 and (159 km2) on the Burin Hickey’s Pond: all six completed delineation program at
2020 Peninsula of Newfoundland, holes intersected significant Hickey’s Pond starts
a Top-Ten world mining zones > 1 g/t Au Q1/2022
• IPO successfully completed jurisdiction(1)
Nov 2021, $6.92 million • Best diamond drill hole result of • Additional high-priority
raised • ~ 20 km of strike of 10.8 m of 4.43 g/t Au at targets to be drill tested in
historical gold showings on shallow depth 2022
• Listed on the TSX Venture two parallel trends
Exchange on Nov 22, • Best channel sample result of • Significant news flow
2021, under the symbol • Only eight pre-existing 20.0 m of 9.34 g/t Au expected in 2022
TSX-V:BURG historical drill holes on
Burin’s property
3
(1) Investment Attractiveness Index - Fraser Institute Annual Survey of Mining Companies 2020
Board of directors
Phillip C. Walford Sherry Dunsworth, PGeo David Clark, PGeo Daniel P. James Tom Panoulias
Chair of the Board Director Director & co-founder Director & co-founder Director
• President & CEO of Marathon • Senior VP Exploration of • +20 years mineral • +20 years mineral • Capital markets
Gold from 2009 to 2019 Marathon Gold from 2017 exploration experience exploration experience professional
to 2020 across Canada, Mexico, across Africa, Europe,
• 2021 PDAC Prospector of the Central America, USA and and North America • Ex- Echelon Wealth
Year award winner • 2021 PDAC Prospector of Europe Partners, Fraser
the Year award winner • President of Medgold Mackenzie, Dundee
• Extensive international • MSc in geology (McGill Resources (TSX-V:MED) Capital Markets
experience resources sector • +40 years mineral University) from 2012 to 2019
exploration experience in
• Held senior management Canada, Europe, and • Registered professional • BSc (Hons) in geology
positions at Lac Minerals Ltd., South America geoscientist in British (Portsmouth University)
Hudson Bay Exploration, Columbia and
Pamour Porcupine Mines • MSc in structural geology Newfoundland & Labrador • Fellow of the Society of
Ltd., and Geomaque (Memorial University of NL) Exploration Geologists
Explorations Ltd.
4
Management
David Clark, PGeo Jeff Burke, PGeo Stephen Sulis Jaclyn Ruptash
Chief Executive Officer Exploration Manager Chief Financial Officer Corporate Secretary
• 12 years mineral exploration • Professional experience • +15 years domestic and
• +20 years mineral
experience in mineral includes exploration & international experience in
exploration experience
exploration and project mining companies in the resources sector
across Canada, Mexico,
management, with extensive Canada and around the
Central America, USA and
experience of epithermal world • Background in
Europe
systems of Newfoundland communications,
• Experienced with equity corporate governance,
• MSc in geology (McGill
• BSc in geology (Saint Mary’s financings, internal control legal and regulatory
University)
University) policies, implementation of compliance, and financing
accounting software and
• Registered professional
• Registered professional policies
geoscientist in British
Columbia and geoscientist in Newfoundland
& Labrador; sits on Mineral • Bachelor of Business
Newfoundland & Labrador
Research Association of Nova Administration (Capilano
Scotia Board of Directors University)
5
Capital structure & IPO proceeds Plethora Private Equity Fund
9.07M Shares (35%)
Post-IPO capital structure (Nov 22, 2021) Key shareholders (% O/S)
Common shares 38,350,155 New Gold Inc
Broker warrants ($0.40 strike) 267,460 Public Float (8%)
Company
(48%)
Unit warrants ($0.85 strike) 3,890,907 Insiders
(20%)
Options ($0.50 strike) 1,148,400
Broker warrants ($0.60 strike) 642,187
Fully diluted 44,299,109
Current cash position (Jan 24, 2022) $5.92 million
Plethora
Private Equity
(24%)
6
Project location
• Burin Peninsula 3x less explored than rest of Pine Cove
(Anaconda Mining)
Newfoundland(1)
Ming Mine
• Burin Gold consolidated land package in (Rambler Metals & Mining)
Hammerdown
2018, before current Newfoundland gold (Maritime) Kingsway
exploration staking rush (Labrador Gold)
Moosehead Queensway (Linear)
• Modern ‘first-mover’ opportunity (Sokoman Minerals) (New Found Gold)
Valentine Lake
• Well-documented yet under-explored belt of (Marathon Gold) Big Easy
epithermal occurrences (Cartier Iron)
St. John’s
Hope Brook
Cape Ray (Big Ridge Gold)
(Matador)
Heritage Root & Cellar
(Golden Ridge) (Northern Shield)
(1) Based on number of historical drill holes in NL GeoAtlas database (1.8 drillholes / 100 km2 on the Burin vs 5.5
drillholes / 100 km2 in the rest of the island; additionally, the majority of diamond drilling on the Burin peninsula was
7
for fluorspar, not for gold
Geology of Burin Peninsula
• Neoproterozoic belt of volcano-sedimentary and
intrusive rocks
• > 100 km corridors of epithermal alteration
aligned along major crustal structures
• Epithermal systems are different from orogenic
systems of central Newfoundland
Property
location • Very limited historical gold exploration compared
to central Newfoundland
8
Infrastructure &
landholdings
Clarenville
(pop. 6,300)
Trans-Canada highway
• Project is accessible from the Burin Highway, ~2 hours
drive from St. John’s
Hickey’s Pond
• Accessible from tide water
Burin highway
• 138 kV power line adjacent to property
• No known environmental liabilities
St. John’s
• No land claims, municipal boundaries, protected ~2 hr drive
watersheds, etc.
• Simple and straightforward permitting
(application to drill permit in under 30 days) Fortune Bay
Landholdings
• Large landholding (~33 km x ~9 km), approx. 16,000 ha
• Option agreement fully executed for ~1,750 ha claims,
Placentia Bay
reduced to a 2% NSR, subject to a buyback right
Marystown
• Remainder of land package 100% Burin Gold (pop. 5,300)
9
Hickey’s Pond geology
• Hickey’s Pond alteration is > 2 km
• Part of a much larger alteration
system
• Each of these showings consist of
alteration mineralogy (alunite,
pyrophyllite), gold mineralisation,
or both
• Only Hickey’s Pond drill tested with
seven holes in 2020
• Nearly 20 km of strike with
multiple undrilled showings to test
= approximate scaled footprint of Hope Brook open pit
Figure adapted from: Huard & O’Driscoll. Epithermal gold mineralization in late Precambrian volcanic rocks on the Burin peninsula. Current Research 86-1. Newfoundland Dept. Mines and Energy, 1986. 10
Alteration map is modified from: O’Brien, Dubé, O’Driscoll. High-Sulphidation, Epithermal-Style Hydrothermal Systems in Late Neoproterozoic Avalonian Rocks on the Burin Peninsula, Newfoundland:
Implications for Gold Exploration. Current Research 99-1. Newfoundland Dept. Mines and Energy,1999.Hickey’s Pond channel sample results
• 2018 channel sampling program
confirmed significant widths of high grade
mineralisation at Hickey’s Pond Visible gold in vuggy quartz Au-Cu tennantite breccia
• Highlights include1:
HP-CH-01: 5.0 m of 22.08 g/t Au
HP-CH-02: 20.0 m of 9.34 g/t Au
HP-CH-03: 16.0 m of 6.15 g/t Au
• Au-Cu tennantite breccia identified at
surface:
7.0 m of 19.75 g/t Au and 3.68% Cu in
HP-CH-02
11
(1) Bonavista Resources Corp. news release of Sept 12, 2018Scout drill
Program (2020)
• DC-IP chargeability anomaly ~2 km
in strike length
• VTEM AIIP chargeability anomaly
~7 km in strike length
• Seven shallow scout drill holes over
700 m of strike; a very small
percentage of the overall system
tested
12Significant mineralised intervals
Drill hole From (m) To (m) Length (m) Au (g/t) • Gold mineralisation
HP-20-001 16.00 75.00 59.00 0.64
intersected in every drill
HP-20-04
incl. 16.00 36.00 20.00 1.06
hole
incl. 49.36 58.00 8.64 1.09
HP-20-002 0.00 58.25 58.25 1.12
• All six completed drill
incl. 10.50 21.30 10.80 4.43
holes intersected
HP-20-003 22.25 68.00 45.75 0.62 significant zones gold
HP-20-05
HP-20-03
incl. 28.00 32.00 4.00 1.77 mineralisation > 1 g/t Au
HP-20-07 HP-20-01
HP-20-02 incl. 58.00 64.00 6.00 1.08
HP-20-004(1) (lost) • Chargeability anomaly
HP-20-005 86.35 112.50 26.15 0.60 spatially associated with
HP-20-06 incl. 97.00 103.77 6.77 1.36 gold mineralisation
HP-20-006 140.00 161.00 21.00 0.72
incl. 147.00 154.00 7.00 1.05
HP-20-006 212.00 223.00 11.00 0.60
incl. 212.00 216.00 4.00 1.11
HP-20-007 71.45 93.30 21.85 0.91
incl. 71.45 76.25 4.80 1.79
incl. 84.00 93.30 9.30 1.07
(1) HP-20-004 was lost before target depth was reached; individual samples in this hole assayed up to 0.25 g/t Au
(2) Drill hole results were initially disclosed in Bonavista Resources Corp. news releases of March 18, 2020 and Feb 24, 2021 13
(3) HP-20-002 to 007 were drilled normal to the dip of the shear zone; composite lengths are interpreted as approximately true widths of mineralisation. HP-20-001 was drilled approximately parallel to the shear zone plane; true width of
mineralisation for this hole is unknown.Schematic drill section – Hickey’s Pond
20 m of 9.34 g/t Au;
NW Surface channel sample
SE
Swift Current granite
NW
N
SE
Shear zone & high-sulphidation
alteration zone Chlorite-sericite schist footwall
14HP-20-002
mineralised
intersection
• 10.80 m at 4.43 g/t Au
starting at a depth of 11.5 m
• Grade is consistent across
the interval
15How significant are results? Key metrics to determine significance for the
potential for > 2 Moz Au deposits:
• Initial drill intersect > 50 g·m/t
• Length of initial intersect > 5 m
• Initial program metreage < 4,000 m
Burin Gold’s initial drill program
Burin Gold discovery hole 65 g·m / t • Best intercept of 65 g·m/t over 58 m
65
• 1,026 m initial program metreage
• High sulphidation epithermal mineralisation
and alteration recognized in all drill holes
completed
• Hickey’s Pond compares favourably in the
context of major Canadian gold discoveries
Data and key metrics adapted from: “The Discovery Study”, Kenorland Minerals online presentation, 2020
Retrieved 2021-09-07 from: https://kenorlandminerals.com/wp-content/uploads/2020/08/Kenorland-Minerals-Ltd.-The-Discovery-Study.pdf
Burin Gold’s Qualified Person did not independently verify the information summarized on this graph. The information shown here is not necessarily indicative that
similar mineralisation will be discovered on Burin Gold’s project. 16High-sulphidation epithermal deposits
Vuggy / residual quartz • Hickey’s Pond is the deformed equivalent of a classic high-
sulphidation epithermal deposit
Lithology- Quartz-alunite
controlled
lithocap
• Deposit type has potential for both bulk tonnage and high
grade gold
Clay • All silica lithocaps have feeders; when mineralised, feeders
alteration
Mineralisation
zone
have the highest gold grades
(Enargite + Au)
Hickey’s Pond?
Burin Gold’s project features:
Structure-controlled
• Abundant residual quartz alteration at several untested
feeder showings on the property
• Scout drilling and channel results provide evidence that
both bulk tonnage and high grade targets exist at Hickey’s
Pond
Magmatic vapours
(includes HCl, SO2)
• The Au-Cu breccia on surface at Hickey’s Pond is
K – alteration analogous to high grade feeder systems in modern high-
Magmatic brine sulphidation deposits
17
High-sulphidation enargite feeder model adapted from: Hedenquist, J. Lithocap alteration, high-sulphidation ore deposits, and exploration. Workshop presentation, 2018.Hope Brook & Hickey’s Pond
Hope Brook Hickey’s Pond
• Past producer (BP Selco, • Comparatively little
Royal Oak) explored
• Neoproterozoic high- • Neoproterozoic high-
sulphidation epithermal gold sulphidation epithermal
deposit hosted in Avalonian gold system hosted in
terrane rocks Avalonian terrane rocks
• Currently explored by Big • Currently explored by
Ridge Gold Corp. Burin Gold Corp.
Hope Brook mine
(Big Ridge Gold)
Hickey’s Pond
18
Figure modified after: Updated Mineral Resource Estimate Technical Report Hope Brook Gold Project, Desautels, Melnyk and Cullen, 2012.Comparison with Hope Brook: 1983 pre-drilling
55 m of 2.16 g/t Au
15 m of 10.13 g/t Au on surface
20 m of 9.34 g/t Au
8 m of 11.49 g/t Au
0.6 g/t Au in
pond outcrop
Hope Brook (circa 1983), pre-drilling, Hickey’s Pond (pre-2020 drilling)
chip-channel samples across 3 km
Hope Brook is an ex-producing mine in southwest Newfoundland, owned by First Mining Gold, currently under option to Big Ridge Gold. Burin Gold’s Qualified Person has not verified the technical information contained in the historical Hope Brook 19
assessment reports. The information shown here on Hope Brook is not necessarily indicative that similar mineralisation will be discovered on Burin Gold’s project.
Lithogeochemical alteration map from: Assessment Report of Geological, Geophysical, and Geochemical Surveys, Licence No. 12306 May to September 1983. Selco Inc. GeoFile 001O/0142.Comparison with Hope Brook: discovery holes
Hope Brook discovery hole was 16.3 m of Hickey’s Pond discovery hole is 10.8 m of
7.04 g/t Au directly under surface 4.4 g/t Au directly under surface
mineralisation of 15 m of 10.13 g/t Au mineralisation of 20 m of 9.34 g/t Au
Hope Brook is an ex-producing mine in southwest Newfoundland, owned by First Mining Gold, currently under option to Big Ridge Gold. Burin Gold’s Qualified Person has not verified the technical information contained in the historical Hope Brook 20
assessment reports. The information shown here on Hope Brook is not necessarily indicative that similar mineralisation will be discovered on Burin Gold’s project.
Drill section from: Assessment Report – Drilling Programme, McWilliams, I. 1983. GeoFile: 011O/0146.Comparison with Hope Brook: 1985
~150 drillholes
Hope Brook (~1985-1986) Hickey’s Pond (today)
Internal BP-Selco resource estimate:
11.45 Mt of 4.7 g/t Au (1.7 Moz Au)
Drilling plan map and details on historical resource estimate are from: 2013 Mineral Resource Estimate Hope Brook Gold Project, prepared for Coastal Gold Corp. Desautels, Melnyk, and Cullen, 2013.
This mineral resource is historical, and the resource categories it uses are not compatible with modern CIM resource categories. A Qualified Person has not done sufficient work to classify them as current mineral resources or mineral reserves. As this deposit is now mined,
a discussion of what would be required to bring this historical resource estimate to current standards is rather moot. Although Hickey’s Pond and Hope Brook have many geological similarities, there is no guarantee that similar mineralisation will be found on Burin Gold’s property
or that a similar mineral resource estimate will result from Burin Gold’s exploration efforts on its property. 21Comparison with Hope Brook: present day
Hope Brook open pit
HP-20-02: 10.8 m at 4.43 g/t Au
Hope Brook (2013)
~750,000 oz produced 1987-1997
Hickey’s Pond (today)
Remaining mineralisation as of 2021: 7 diamond drill holes in 2020
Open pit air photo from: 2013 Mineral Resource Estimate Hope Brook Gold Project, prepared for Coastal Gold Corp. Desautels, Melnyk, and Cullen,
• 110 koz Au, 836 kt @4.11 g/t Au (inferred) 2013.
Hope Brook resource estimate and historical production figures from: NI 43-101 Technical Report for the Hope Brook Gold Project, Newfoundland
• 844 koz Au, 5.5 Mt @ 4.77 g/t Au (indicated) and Labrador, Canada, prepared for Big Ridge Gold Corp. Cullen, Harrington and Burke, 2021.
Although Hickey’s Pond and Hope Brook have many geological similarities, there is no guarantee that similar mineralisation will be found on Burin
Gold’s property or that a similar mineral resource estimate will result from Burin Gold’s exploration efforts on its property. 22Hickey’s Pond
District scale targets 2020 drilling
Chimney Falls
Epithermal quartz
Historical rock chips
to 2.4 g/t Au
• 2020 scout drilling program tested ~700 m of strike; Bullwinkle
all holes hit gold mineralisation Rock chips to 0.5 g/t Au
Ridges of epithermal quartz Ridge
Historical Au-in-soil anomaly Rock chips to
• Chimney Falls: Alunite/pyrophyllite alteration, historical 0.5 g/t Au
rock chips to 2.4 g/t Au, never drilled
• Tower: historical showing with surface mineralisation,
high-sulphidation alteration, VTEM geophysical
Tower
anomalies, basal till geochemistry anomalies, never Large boudins
drilled epithermal quartz
Float to 1.0 g/t Au
• Ridge to Strange corridor (Paradise Trend): 6 km of
historical showings, gold mineralisation, high-
sulphidation alteration, never drilled Strange
Historical rock chips to 1.6 g/t Au
• Strike extension of both the Hickey’s Pond and
Paradise Trends still unexplored
23Significant news flow anticipated in
2022
2018 2019 2020 2021 2022
Project catalysts Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Use of proceeds
Staked / optioned
land position • > 10,000 m drill program
Biogeochemistry + for Hickey’s Pond
prospecting + geology
• > 2,500 m scout drill
IP Resistivity program on pipeline
Survey targets
Airborne VTEM • Regional exploration
Survey
Drilling
Initial Public Offering
24Summary
• Burin Gold Corp. holds a large land package incorporating a >20 km strike-length of
underexplored classic epithermal gold systems on the Burin Peninsula, Newfoundland
• 2020 seven hole scout drill program returned a best intersection of 10.8 m of 4.43 g/t Au
within a larger interval of 58.25 m of 1.12 g/t Au
• All six completed drill holes intersected significant intervals of > 1 g/t Au demonstrating strike
and depth potential for significant mineralisation
• Scout drill program tested 10% of the ~7 km long IP-chargeability anomaly
• IPO completed successfully in Nov 2021, raising net proceeds of $6.47 million
• Company is led by an experienced team with decades of success in Newfoundland and globally,
endorsed by a core strategic shareholder base
• Airborne geophysics currently underway, and diamond drilling to commence Q1/2022
25Visible gold in vuggy epithermal quartz from
Hickey’s Pond showing
Get in touch
David Clark, PGeo
Chief Executive Officer & Director
Tel: +1 604 210 1030
Toll-free: +1 877 620 4185
Email: info@burin-gold.com
Website: www.burin-gold.com
Burin Gold Corp.
210-1820 Fir St.
Vancouver BC
V6J 3B1
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