Seeking Major Gold - Silver - Copper Discoveries in Highly Prospective Nevada, USA - Golden Metal Resources Investor Presentation July 2021
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Seeking Major Gold - Silver - Copper Discoveries in Highly Prospective Nevada, USA
Golden Metal Resources Investor Presentation July 2021
Disclaimer
This presentation (“Presentation”) has been prepared by Golden Metal Resources Limited (“GMR” or the “Company”) and is provided solely for
information purposes.
By viewing or attending this Presentation, you agree to be bound by the following conditions:
• This Presentation is not a prospectus or disclosure document and does not constitute or form part of any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for, any securities or an inducement to enter into any investment activity, nor shall any part or all of
this Presentation form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities.
• The information contained in this Presentation has not been independently verified. The Company does not make any representation or warranty,
express or implied, as to the fairness, accuracy, correctness or completeness of the information, opinions and conclusions contained in this
Presentation.
• To the maximum extent permitted by law, the Company and its related bodies corporate and affiliates, and their respective directors, officers,
employees or agents, disclaim any liability (including, without limitation, any liability arising out of fault or negligence) for any loss or damage arising
from any use of the information contained in this Presentation, including any error or omission, or otherwise arising in connection with it.
• The information in this Presentation is subject to change without notice. Subject to any obligations under applicable law, the Company does not
undertake any obligation to update any information in this Presentation.
Forward-looking statements
This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’,
‘intends’ and other variations of such words that Involve risks and uncertainties. The forward-looking statements include statements regarding the future
development of the projects, including cost and timing estimates.
These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events
and actions that, at the date of this Presentation, are expected to take place.
Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other
important factors, many of which are beyond the control of the Company. Actual results and developments may differ materially from those expressed or
implied in such statements because of a number of factors, including uncertainty in estimating mineral resources due to the preliminary stage of the
Company’s assessment of its projects, actual demand, price fluctuations, the ability to produce and transport products profitably, fluctuations in foreign
currency exchange rates, operational problems, political risks, economic and financial market conditions in various countries and regions, industry
competitors and activities by governmental authorities such as changes in taxation or regulation. The Company cannot and does not give any assurance
that the results, performance or achievements expressed or implied by the forward-looking statements contained in this Presentation will actually occur
and investors are cautioned not to place undue reliance on these forward-looking statements.
The Company does not intend to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of
whether new information, future events or any other factors affect the information contained in this Presentation, except where required by law.
These forward-looking statements are subject to various risk factors that could cause the Company’s actual results to differ materially from the results
expressed or anticipated in these statements.
2
Corporate Overview
v Golden Metal Resources Limited - UK (“GMR”) is a
wholly-owned subsidiary of Power Metal Resources Listing Information
plc (LSE: POW). Pre-IPO (pre-money) val. £XM
v GMR has a clean capital structure and intends to Target Raise (pre-IPO) £X
seek a London listing during Q4 2021. Stock Exchange Recognised stock exchange
v GMR owns three highly prospective precious-metal Estimated IPO Date Autumn 2021
projects in mining friendly Nevada. IPO Date & IPO Raise Size TBC
§ Golconda Summit – Carlin-type gold project
§ Stonewall – Epithermal-type gold-silver project
§ Garfield – Skarn-type gold-copper project Golden Metal Resources Limited - UK (pre-money):
v High-impact exploration programs planned on all three
properties post-IPO including trenching and drilling.
v Golden Metal Resources highly experienced
management include Paul Johnson who was previously
a director of Greatland Gold and Metal Tiger.
(100%)
v Precious and base metal focused portfolio providing
leverage to ongoing green revolution as well as
increase in gold prices associated with increasing
global monetary inflation.
3
Management Team & Board
Oliver Friesen Andrew Bell Paul Johnson
Executive Director Executive Director Non-Executive Director
Mr. Friesen has spent over ten years in Andrew Bell began his career as a Paul Johnson holds a degree in
the mining and oil & gas sectors natural resources analyst at Morgan Management Science from UMIST and
working in various technical and Grenfell & Co. in the 1970s. Andrew is a Chartered Accountant, Chartered
corporate roles. Most recently, Mr. Bell's listed company directorships Loss Adjuster and Associate of the
Friesen was Chief Executive Officer of are Red Rock Resources plc (AIM), Chartered Insurance Institute. Paul is a
Gold Lion Resources, a Vancouver- Chairman and Chief Executive director of Value Generation Limited a
based exploration company focused on Officer, and Jupiter Mines Ltd family investment and advisory
gold exploration in Idaho, USA. He (ASX:JMS), Non-Executive Director. company focused on the natural
holds a B.Sc. (Hons.) degree in Andrew Bell is also a former Director resource and related fintech sectors.
geology from University of British of various resource sector Paul Johnson is an experienced public
Columbia and a M.Sc. degree focusing companies including Regency Mines company director whose roles have
in sedimentology from Simon Fraser plc (now Corcel plc) (LON:CRCL), included CEO of Metal Tiger plc
University. He has been actively Star Striker Ltd (now Intiger Group (LON:MTR), Chairman of ECR Minerals
involved in mineral exploration since Ltd) (ASX:IAM), and a former Non- (LON:ECR) and Non-Executive
2010 primarily working within Canada, Executive Chairman of Greatland Director of Greatland Gold plc
United States, Australia and Africa Gold plc (LON:GGP). (LON:GGP)
4
Why Nevada?
v Nevada ranked #1 in overall Investment
Attractiveness Index by Fraser Institute 2020
annual survey.
v With over 160 years of gold & silver mining
history, Nevada continues to be one of the top
producers of precious metals in the world.
§ Nevada currently accounts for 70% of USA’s
total gold production
v The state is home to some of the world’s
largest gold mines, and continues to solidify
its spot as a top exploration jurisdiction with
many recent discoveries including:
§ Corvus Gold – North Bullfrog (2.5M Oz Au)
§ Nevada Gold Mines – Fourmile (1.9M Oz Au)
§ Nevada Gold Mines – Long Canyon (2.2M Oz Au
v Golden Metal Resources projects are located
within some of the states most prolific mining
trends and within similar host rocks as
nearby precious metal deposits:
§ Golconda Summit located at the confluence of
the Getchell and Battle Mountain-Eureka Trends
§ Stonewall and Garfield located centrally within
the Walker Lake Mineral Trend
Fraser Institute, Survey of Mining Companies 2020
v All projects on Bureau of Land Management
(BLM) which allows for quick and easy
trenching/drilling permitting 5
Property Package Overview
Golconda Summit Property
Option to earn 100% - Property Entirely on BLM Land
v Carlin-type Au-Ag Property located at the confluence of
the prolific Getchell and Battle Mountain – Eureka Trends.
v Located near to state highways; Property is easily
accessed by multiple well maintained dirt roads.
Stonewall Property
100% Owned – Property Entirely on BLM Land
v Epithermal Au-Ag Property located within the prolific
Walker Lane Mineral Belt.
v Located near to state highways; Property is easily
accessed by multiple well maintained dirt roads.
Garfield Property
100% Owned – Property Entirely on BLM Land
v Skarn/Porphyry-type Au-Cu Property located within
the prolific Walker Lane Mineral Belt.
v Located near to state highways; Property is easily
accessed by multiple well maintained dirt roads.
6
Golconda Summit Property
v Carlin-type gold Property located at the
confluence of the prolific Getchell and
Battle Mountain – Eureka Trends.
§ 35km southwest of Nevada Gold Mines Turquoise
Ridge Complex Mine (13Moz at 5.02g/t Au)
§ 20km northwest of Nevada Gold Mines Lone Tree
Complex which produced 4.2Moz at 2.06g/t Au
§ 30km northwest of SSR Mining Inc.’s Marigold
Mine (5.66M Oz Au M&I)
v Located 15km east of Winnemucca nearby
to a state highway entirely on BLM ground.
v Previous exploration on the Property by
Nerco in 1989 encountered significant gold
mineralisation within upper plate Havallah
Sequence rocks including:
§ Trench assays of 8m at 25g/t & 15m at 8.6g/t Au.
§ Shallow drilling results of 10.7m at 3.9g/t Au
v The Property is considered prospective for
the identification of additional near-surface
gold mineralisation within Havallah
Sequence rocks as well as for Carlin-type
replacement style gold mineralisation within
lower plate Edna Mountain Formation and
Antler Peak Limestone units located below
the Golconda thrust fault.
v Trenching and drilling permits expected shortly
7
Stonewall Property
S v The Stonewall Property is located 15km south of the historic
mining town of goldfield in Nye County, Nevada.
v The Property is located within the prolific Walker Lane Mineral
Belt, and less than 60km southwest of the famous silver deposits
of Tonopah which produced over 138Moz Ag.
v Centered on a ~1.2km long (open along strike) quartz vein with
prevalent low-sulphidation epithermal boiling textures, which
varies in thickness between 15-20m along its outcropping extent.
§ Rock sampling my previous operators returned anomalous gold-silver
values up to 1.17g/t Au and 161g/t Ag with elevated mercury
(characteristic of shallow parts of a low-sulphidation epithermal system
§ Minimal shallow historic drilling returned downhole intersections of of up
Photo of Stonewall Vein in Outcrop to 12m in with stockwork zones up to 70m wide with elevated gold and
silver results.
v Drilling was completed along parts of the vein easily accessible
by road, with the zones displaying the strongest epithermal
textures remaining untested by drilling.
v Placer Dome Inc. (now Barrick Gold Corp.) optioned the Property
in 2003 completed fluid inclusion analysis on surface samples
which determined formation temperatures of 170 degrees C,
which is consistent with the upper parts of a epithermal system.
v Company is planning a drilling program which will test the
postulated location of a potential Au-Ag boiling zone.
8
Epithermal Boiling Textures in Outcrop SampleGarfield Property
v The Garfield Property is located 10km east
of Hawthorne in Mineral County, Nevada.
v Property was staked to cover a gossan in
2015 with initial rock sampling results up to
6% Cu, 3.5g/t Au and 124g/t Ag.
v A single 22m trench was excavated within
the gossan which returned 22m of 0.33% Cu
§ 2m sub-interval graded 2.18% Cu (16m-18m)
§ 2m sub-interval graded 1.2g/t Au
§ Trench ended in mineralisation and remains open.
v Additional regional prospecting returned
several >1% (up to 5.53%) copper grab
samples several kilometres from the main
showing, no follow up work was completed.
v A granitic intrusion is mapped just to the
south of the ‘additional target areas’ which
may be the causative porphyry for skarn-
style mineralisation on the property
v A high-resolution property wide soil
sampling survey is planned which aims to
prove the continuity of skarn- and
porphyry-style mineralisation between the
various historic sampling sites.
9Corporate and Exploration Timeline
Corporate – Nevada Company Incorporation (COMPLETE)
2021 ü Golden Metal Resources, LLC, a Nevada limited liability company was incorporated which is a
wholly owned US-based property holding company for Golden Metal Resources Ltd.
Corporate - Property Acquisitions (COMPLETE)
ü The Company acquired the Golconda Summit (assignment from GR Silver Mining), Stonewall (100%
purchase) and Garfield (100% purchase) mineral Properties located in mining friendly Nevada, USA.
Corporate – Due Diligence (IN PROGRESS)
ü Additional properties within Nevada are currently being reviewed by the Company for potential
acquisition prior to planned IPO of Golden Metal Resources on recognized London stock exchange.
Golconda Summit – Permitting (IN PROGRESS)
ü Permits for trenching and ground-based geophysics are being prepared and will be submitted shortly
to the Bureau of Land Management office with an expected permit receipt time of 4-6 weeks.
Corporate – Listing (IN PROGRESS)
ü Golden Metal Resources IPO on recognised stock exchange targeted for Autumn 2021.
Golconda Summit – Phase I Exploration Program (PLANNED)
ü Golden Metal Resources will carry out its phase I exploration on the Golconda Summit property which will
include mechanized trenching, grid-based soil sampling, and ground-based geophysics (survey type TBD).
Stonewall/Garfield – Phase I Exploration Program (PLANNED)
ü Golden Metal Resources will carry out its phase I exploration on the Stonewall and Garfield projects
which will include rock sampling, grid-based soil sampling, as well as trenching and/or diamond drilling.
109Company Highlights
MANAGEMENT ASSETS CAPITAL MARKETS
v Proven management team v Landholder within the most prolific
v Wide network of contacts
behind multiple mineral mineral belts found in Nevada
in international mining
discoveries and successful (Walker Lane and Battle Mountain
financial markets.
buyouts. Eureka).
v Clean capital structure as
v Extensive North American v Nevada ranked as the best mining
company is a wholly-
operating experience with strong jurisdiction in the world (2020 Fraser
owned subsidiary of Power
in country operations team. Institute Rankings).
Metals Resources plc.
v Flagship Golconda Summit Property
possesses many analogues to
nearby Turquoise Ridge, Marigold
and Lone Tree Mines.
11Golden Metal Resources Ltd.
+44 20 7583 8304
201 Temple Chambers
3-7 Temple Avenue
London
Info@goldenmetalresources.com
EC4Y 0DT
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