Targeting a Large, High-Grade Gold Discovery in Nevada - Corporate Presentation October 2020
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Targeting a Large, High-Grade
Gold Discovery in Nevada
Corporate Presentation
October 2020
TSXV: DHR OTC:DCHRF Frankfurt:4GW
www.discoveryharbour.com
Disclaimers TSX.V: DHR
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FORWARD LOOKING STATEMENTS
This presentation by Discovery Harbour Resources Corp. (the “Company”) contains forward-looking
statements, including, in particular, statements about the Company’s plans, strategies and prospects.
These statements have been based on the Company’s current assumptions, expectations and projections
about future events. Although the Company believes that the expectations reflected in these forward-looking
statements are reasonable, the Company can give no assurance that these expectations will prove to be
correct or that results anticipated in the forward-looking statements will be achieved.
These forward-looking statements include risks and uncertainties. These risks and uncertainties include,
among other things, market conditions, industry uncertainty and other factors.
QUALIFIED PERSON
Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed
and approved the technical contents of this presentation.
KEEPING IT SIMPLE: WHY DISCOVERY HARBOUR? TSX.V: DHR
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High grade gold in Nevada
Caldera epithermal gold project in Nevada has numerous high grade gold results In historical
shallow drill holes, surface samples and old workings.
Never drilled deep to epithermal boiling zone
Deepest historical drill hole only 194 meters, average historical drill hole
Discovery Harbour Resources (DHR.V) - Overview TSX.V: DHR
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Excellent Share Structure Targeting a Large, High-Grade, Gold
Discovery in Nevada
Shares Outstanding 94.3M
Warrants (1) (2) 78.4M
Options 5.5M
Fully Diluted 178.2M
1. 77.4M @ $0.100
2. 37%-owned by insiders & institutions
Richard Gilliam - Director & Strategic Investor TSX.V: DHR
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Richard Gilliam, Director (16%)
• Founder of Cumberland Resources, sold to
Massey Energy for US$960M in 2010.
• Built Cumberland Resources into major
producer.
• Cumberland employed 1,200 people at sale to
Massey Energy.
• Has been a director and major shareholder of
Discovery Harbour since it went public in 2013.
Institutional Ownership - 19% TSX.V: DHR
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• Palisades Goldcorp is Canada's new resource focused merchant bank.
Palisades' management team has a demonstrated track record of making
money and is backed by many of the industry's most notable financiers.
With junior resource equities valued at generational lows, management
believes the sector is on the cusp of a major bull market move. Palisades is
positioning itself with significant stakes in undervalued companies and
assets with the goal of generating superior returns.
Richard Gilliam
37.4%
Other Insiders
2.2%
• AlphaNorth Asset Management is a Toronto based investment manager.
AlphaNorth believes that superior long term equity returns are achievable by
exploiting inefficiencies in the Canadian small cap universe through careful
security selection. The firm combines technical analysis with both a bottom-
up and top-down strategy in the selection of investments offering the best
reward versus risk opportunities.
Leadership TSX.V: DHR
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Track Record of Success: Exploration to Production/M&A
Pine Valley Coal Cumberland Resources sells Geodex Minerals forms JV, then
constructs first new company to Massey Energy sells remaining 30% stake to Hunter-
metallurgical coal for US$960M Dickenson’s Northcliff Resources
mine in northeast BC
2005 in 25 years 2010 2010-12
Geologist, oversaw sale of Geodex Mineral’s key asset to Northcliff Resources
Mark Fields President & CEO, Director (Hunter Dickinson). Developed and built metallurgical coal mine with Pine Valley
Coal; recipient of EA Scholz award in 2012.
Mining entrepreneur. Founded and sold Cumberland Resources to Massey Energy
Richard Gilliam Director for US $960 Million.
Andrew
Director Corporate and securities lawyer with extensive public company experience.
Hancharyk
25 years of experience working with resource companies in various capacities as
Jason Cubitt Director founder, finance agent and institutional investor.
Vice President, Chartered Financial Analyst, former analyst with Salman Partners, extensive capital
Rodney Stevens markets experience.
Interim CFO, Director
Media Coverage TSX.V: DHR
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Newsletter Writer Recommendations By:
Greg McCoach
Brien Lundin
Gwen Preston
Mark Fields, President & CEO, and Rodney Stevens, Vice
President and Director, interviewing with newsletter writers
Greg McCoach and Gwen Preston
https://youtu.be/mxPAHi618_U
https://www.youtube.com/watch?v=1R4K55TxTnw
https://www.youtube.com/watch?v=mxPAHi618_U
The Caldera Property - Overview TSX.V: DHR
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Large land package, covering 6.5km of previously drilled near-surface vein mineralization
THE CALDERA PROPERTY
66km WNW of Tonopah, Nevada; at the intersection of two major gold trends (Walker Lane and
Location Northumberland); surrounded by large epithermal gold deposits: Round Mountain (18M oz Au) Tonopah
(8M oz Au), Northumberland (4M oz Au), Paradise Peak (1.2M oz Au)
Large Land Package 30 km2, 6.5km strike length of previously drilled shallow mineralization on seven zones
Untested epithermal gold potential at depth with extensive near-surface shallow historical drilling;
Stage (pre-discovery)
Previous operators were searching for a large near surface, low-grade bulk-tonnage deposit
Target Large, high-grade, low sulphidation epithermal gold deposit at depth
Option to acquire 100% interest, subject to annual advance royalty payments and a 2% retained royalty
Title transfer upon having completed US$400,000 in advance royalty payments (paid $175,000 to date)
Ownership
Future advanced royalty payments: US$50,000 November 2020, US$50,000 May 2021, US$125,000
November 2021, US$150,000 November 2022 and thereafter (CPI adjusted)
The Caldera Project – Historic Work TSX.V: DHR
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Significant data collected on the Caldera Gold Project:
• Extensive historical database • 1,365 historical soil samples (mapped)
• 804 rock chip samples (mapped) • 142 drill holes (mapped)
• Geological mapping • 15,072 meters drilled; average length only 113m
• Understanding of orientation of structures (WNW) • Average vertical depth less than 100m
• Previous focus was discovery of shallow gold deposit • Deepest vertical drill hole 194m, only 3 holes >160m
vertical depth
Old prospect pit at Faustus Target Area Veinlets in rock sample in
Rock chip sample in pit assayed 48.9 g/t Au Gemina Target AreaThe Caldera Property – High Grade Gold TSX.V: DHR
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Historical Drilling Highlights • High grade results spread along 6.5 km strike length
Target Area Drill Hole Grade
(g/t gold)
Interval Length
Feet (Metres)
Interval Depth
Feet (Metres) • Average vertical depth: less than 100 meters
7 Adara CD07-2 2.75 10 ft (3.0m) 65-75 ft (19.8-22.9m) • Drilling focused on finding near surface
9,10 Adara CD07-3 0.99 20 ft (6.1m) 250-270 ft (76.2-82.3m)
7, 9 Adara GW-10 8.33 25 ft (7.6m) 85-110 ft (25.9-33.5m) bulk tonnage deposits
4 Adara GW-5 0.69 5 ft (1.5m) 170-175 ft and (51.8-53.3m)
37.92 10 ft (3.0m) 335-345 ft (102.1-105.2m) • Never drilled below 200 meters vertical depth
11 Barak GKL-10 0.68 10 ft (3.0m) 50-55 ft and (15.2-16.8m)
0.68 25 ft (7.6m) 105-130 ft and (32.0-39.6m)
1.13 5 ft (1.5m) 220-225 ft and (67.1-68.6m)
0.75 5 ft (1.5m) 330-335 ft (100.6-102.1m)
3 Adara GKL-16 0.48 40 ft (12.2m) 260-300 ft and (79.2-91.4m) Many High
1.44 20 ft (6.1m) 340-360 ft (103.6-109.7m)
4 Adara EMC-14 4.11 20 ft (6.1 m) 45-65 ft (13.7-19.8m)
Grade Rock
3 Adara EMC-8 22.4 7 ft (2.2m) 144-151 ft (43.5-45.7m) Samples from
(EOH, Ended in Mineralization)
3, 4 Adara CD07-24 5 ft (1.5m) 75-80 ft (22.9-24.4m)
Surface
9.03
27 Faustus EG-17 4.45 25 ft (7.6m) 110-135 ft (33.5-41.1m)
24 Faustus EG-26 7.36 20 ft (6.1m) 70-90 ft (21.3-27.4m)
24 Faustus EG-33 5.14 10 ft (3.0m) 30-40 ft (9.1-12.2m)
25 Electra EG-36 2.33 20 ft (6.1m) 215-235 ft (65.5-71.6m)
29 Gemina CLV-1 0.96 20 ft (6.1m) 55-75 ft (16.8-22.9m)
13, 14 Gemina CLV-2 0.58 55 ft (16.8m) 40-95 ft (12.2-29.0m)
13 Gemina GKL-35 1.09 35 ft (10.7m) 280-315 ft (85.3-96.0m)
22 Calista GN97-3 2.74 10 ft (3.0m) 145-155 ft (44.2-47.2m)
21 Calista GN97-4 3.19 5 ft (1.5m) 150-155 ft (45.7-47.2m)
19 Darius GN97-10 6.16 5 ft (1.5m) 440-445 ft (134.1-135.6m)Selected Historical Drill Holes, Gold-in-Soil TSX.V:
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• Historical drill holes with
intercepts greater than 5 grams-
meter.
• Discovery Harbour completed
718 detailed soils in early 2020,
merged historical soil data to
provide more comprehensive soil
database.
• North to northwest structural
controls evident in structural
mapping, soil sampling, surface
rock samples, magnetic data.Conclusions From Discovery Harbour & Historic Work TSX.V:
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Checks all boxes for a potentially large, high- Right location. Poised for Discovery.
grade, preserved low sulphidation epithermal
gold deposit:
Exceptionally high grade rock chip and
drilling in vein mineralization
Historical shallow drilling along 6.5km of
structures indicates the presence of a
potentially large deposit
Near-surface drilling results, without the
presence of any base metals, likely
intercepted the low-grade silica cap of an
epithermal gold deposit at depth
Surface characteristics support interpretation
that epithermal system preserved
8 areas with 33 targets mapped, ranked and
describedLow Sulphidation Epithermal Gold Deposit Model TSX.V: DHR
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Never Drilled to Epithermal Gold Boiling Zone
Low sulphidation gold deposits can host bonanza
grades in the boiling zone, multi-million ounce mines A B
(e.g. Midas, Sleeper, Comstock, McLaughlin, Hishikari,
Gosowong, El Penon,Cerro Blanco, Shovelnose)
• All previous drilling was near surface, targeting a low grade
bulk tonnage deposit;
• Average vertical depth of holes:Caldera Site Visits TSX.V:
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Mark Fields, President & CEO
Mark Baknes and Alan Morris,
Consulting GeologistsSelected Drilling Sites TSX.V: DHR
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10 Drill Sites Selected from 33 Targets DRILL TARGETS
• Targets evaluated using multiple data sets
• 10 sites (A through J) chosen in 5 separate
mineralized areas (Barak, Adara, Gemina,
Darius &Faustus)
PERMITTING
• Exploration Plan of Operations submitted to
USFS.
DRILL
• Planning for Fall drill program, drill holes to 300
to 500 meters depthHighlights of 10 Drill Sites TSX.V: DHR
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Drill Sites Highlights
Structure A, B & C
A Strong continuous structure characterized by strong alteration, numerous old workings with rock samples including
assays of 8.2, 4.9, 15.6, 3.3 and 8.2 grams/tonne (“g/t”) gold with a high silver ratio, historical drilling consistently
intersected low grade mineralization indicative that this target is within the gold mineralized system.
B Gold and silver plus arsenic, mercury soil anomalies coincident with northwesterly structure, prominent regional
linear, previously untested by drilling.
C Good gold and silver soil anomalies coincident with bladed silica after calcite mineral textures supportive of gold
system intact below surface, rock samples include assays of 4.1 g/t gold.
Structure D & E (Extension of Structure of A, B & C?)
D Good sheeted stringer veins, strong silica alteration, poor rock exposure, historical drillholes include 6.1m@7.36
g/t gold and 3.0m @ 5.14 g/t gold.
E Rock samples from old workings include 48.9 and 22.4 g/t gold, historical drilling includes 7.6m @ 4.45 g/t gold.
Structure F, G, H , I, & J
F At intersection of 2 structures, broad zone of quartz and chalcedony alteration, rock samples include 36.9 and 14.5
g/t gold and a further 9 rock samples greater than 2 g/t gold, historical drillholes include 7.6m @ 8.33 g/t gold,
3.0m @ 2.75 g/t gold
G Rock sample assays continuously anomalous along 500 metre structure, 5 rock samples greater than 10 g/t gold
and a further 16 samples greater than 2 g/t gold, structural inflection prospective for gold deposition.
H Various old workings and historic small scale mining, rock samples include assays of 65.5 and 9.6 g/t gold with
anomalous silver, arsenic and antimony, historical drillholes include 6.1m @ 3.97 g/t gold.
I,J Historical drill holes include 2.2m@22.4 g/t gold, (which ended in mineralization at 45.7m), 3.0m @ 37.92 g/t gold,
1.5m @ 9.03 g/t gold and numerous old workings, locations provide flexibility subject to permitting.WHY DISCOVERY HARBOUR? TSX.V: DHR
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High grade gold in Nevada
Caldera epithermal gold project in Nevada has numerous high grade gold results In historical
shallow drill holes, surface samples and old workings.
Never drilled deep to epithermal boiling zone
Deepest historical drill hole only 194 meters, average historical drill holeContact Information TSX.V: DHR
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Office Address Contacts
Suite 1100 – 595 Howe Street Mark Fields, P.Geo., B.Comm (Hon)
Vancouver, British Columbia President & CEO
Canada V6C 2T5 Office: 1.604.681.3170
www.discoveryharbour.com mfields@discoveryharbour.com
Rodney Stevens, CFA
Vice President, Interim CFO & Director
Office: 1.604.765.8657
rstevens@discoveryharbour.comYou can also read
