corporate presentation - blackwolf copper and gold ltd
TRANSCRIPT
NIBLACK
PROJECT,
ALASKA
December, 2020
Corporate Presentation
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Our Company’s founding vision is to be an industry leader
in transparency, inclusion and innovation.
CAUTIONARY STATEMENT
DISCLAIMER
The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning theCompany and should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not asubstitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of theinformation presented.
FORWARD-LOOKING STATEMENTS
This presentation may contain forward-looking statements that are not historical facts. Forward Looking Information includes, but is not limited to,disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and coursesof action; the timing and costs of future exploration activities on the Company’s property; success of exploration activities; permitting timelines andrequirements; requirements for additional capital; environmental requirements; planned exploration and development of properties and the resultsthereof; planned expenditures and budgets and the execution thereof. Often, but not always, forward-looking statements can be identified by theuse of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will”, “budget”, “scheduled”, “forecasts”, “anticipates”,“potential”, “base case” 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". Forward-looking statements involve known and unknown risks, uncertainties, and other factorswhich may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance,or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things,the Company’s corporate strategies, mineral resource estimates and plans for further exploration, which will require additional funding. Theseforward-looking statements are based on management’s current expectations and beliefs (including the belief in the accuracy of the resourceestimate) but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statementsor information. Information in this presentation is not intended to be a comprehensive review of all matters and developments concerning theCompany and Company does not assume any obligation to update, or to publicly announce, any such statements, events or developments, except asrequired by law.
TECHNICAL DISCLOSURE
The technical information in this presentation has been approved by Robert McLeod, P.Geo., the President and CEO and a Director of the Companyand a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
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ABOUT HEATHERDALE (TSX-V:HTR)
• Advanced-stage Niblack Project: Cu, Au, Zn,
Ag VMS deposit located at tidewater in
southeast Alaska. Inactive since 2012
• Restructured with new Management Team and
Corporate Vision; $20M market cap
• Excellent resource expansion and exploration
upside at Niblack (multiple targets)
• Significant recent engineering, community,
environmental baseline studies
Major Shareholders
Insiders 16.2%
Crescat Funds 5.6%
Sino Capital 5.3%
Delbrook Capital 4.5%
* Approx 70% of I & O shares subject to escrow ranging from 4 months to 2+ years
Issued and Outstanding 22.2 M *
Warrants and Options 1.8 M
Fully Diluted 24.0 M
New Board of Directors: Rob
McLeod, Don Birak, Ron Stewart,
Edie Thome, Jessica Van Den Akker
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Southeast Alaska, Northwest BC
Project Location and Significant Deposits
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OPEN
OPEN OPEN
OPEN
OPEN
• Restructuring and $5.8 million financing completed
• New technical team, Board of Directors, Vision & Corporate
rebrand
• Two additional polymetallic acquisitions with Niblack synergies to
be considered
• 2,000m Phase I diamond drilling program completed; will restart
in early 2021. High-impact targets include:
• Lookout Zone down-dip: 1.5m 2.0% Cu, 23% Zn, 3.3 g/t Au, 90 g/t Ag
• Stepout from historic Niblack mine (surface drilling) no current resources
• Resource Expansion at Lookout Zone (underground)
• Community engagement and consultation ongoing
Heatherdale Next Steps…
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• 100%-owned, 6,200 acre past-producing
gold-rich massive sulphide deposit,
located on tidewater.
• Modern 4 x 5 m underground exploration
access
• Strong exploration potential along strike
and at depth; high-grade areas could be
initially targeting for mining
• Significant drilling, engineering and
permitting previously completed
• Gravina Island site near Ketchikan is
proposed for mill and tailings facility.
• Agreement in place for low-interest
$125M financing from Alaska government
NIBLACK DEPOSIT
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• Surface and underground
mine rehab underway
• 2,000 meters at original
Niblack mine (surface)
• Historic grade avg. 3.2% Cu
1.3 g/t Au and 21 g/t Ag
• Step-out drilling from
underground at Lookout
Zone to add high-grade
tonnage (2,000m
underground to be
completed in Q1 2021)
2020, 21 Phase I Drilling
Lookout Zone & Historic Mine
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CURRENT RESOURCE
• 2011 SRK NI 43-101 Estimate; subsequent step-out drilling in 2012 at
Trio Zone not included
• High-grade Indicated core of Lookout Zone: 1.2 Mt 1.7% Cu 3.2 g/t Au
3.8% Zn 62.6 g/t Ag within 5.6MT containing 317K oz Au, 118 Mlb Cu.
215 Mlb Zn, 5.3M oz Ag; plus 3.4 Mt Inferred
• NSR Model constructed to maximize tonnes; smoothed out grade
• Resource update planned for Q1 2021
Niblack Tonnes Cu (%)Au
(g/t)Ag
(g/t) Zn (%)Cu
(Mlb) Au (oz) Ag (oz)Zn
(Mlb)IndicatedLookout 5,638,000 0.95 1.75 29.52 1.73 118.1 317,220 5,351,052 215.0Total 5,638,000 0.95 1.75 29.52 1.73 118.1 317,220 5,351,052 215.0InferredLookout 2,370,000 0.73 1.42 21.63 1.17 38.1 108,202 1,648,172 61.1Trio 1,023,000 1.00 1.11 16.56 1.56 22.6 36,509 544,670 35.2Total 3,393,000 0.81 1.33 20.10 1.29 60.7 144,710 2,192,842 96.3
November 2011 estimates by Deon Van Der Heever, Pr. Sci. Nat., Hunter Dickinson Inc., a Qualified Person who is not independent of the Company. Net Smelter Return (NSR) cutoff uses long-term
metal forecasts: gold US$1,150/oz, silver US$20.00/oz, copper US$2.50/lb, and zinc US$1.00/lb; Recoveries (used for all NSR calculations) to Cu concentrate of 95% Cu, 56% Au and 53% Ag with
payable metal factors of 96.5% for Cu, 90.7% for Au, and 89.5% for Ag; to Zn concentrate of 93% Zn, 16% Au, and 24% Ag with payable metal factors of 85% for Zn, 80% for Au and 20% for Ag. Detailed
engineering studies will determine the best cutoff.
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Current Mineralized Zones/Resources
Open for Expansion
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OPEN
OPEN OPEN
OPEN
OPEN
High Grade Resource
A REGIONAL FAVORABLE HORIZON
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Significant drill-ready resource expansion & focused exploration targets:
Dama, Lindsy, Mammoth and the former Niblack Mine Zones
+ Multiple additional deposit targets indicated along unexplored 5km
trend of favourable host rocks
Revised Geological Interpretation:
Overturned Antiform/synforms
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major sulphide occurrence
Rhyolite(projected to surface)
Lindsy
Lookout
Trio
DamaNiblack Mine
Mammoth
Revised Geological Interpretation:
Niblack-Mammoth-Lindsy
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2020 Drill
Assays
Pending
RESOURCE EXPANSION POTENTIAL:
Downdip at Trio and Lookout Zones
Q1 2021 UG
Drill target
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Exploration has
consistently added
tonnage to resources at
Niblack.
Favourable Host Rhyolite Horizon
Previous interpretation
43-101 IndicatedResource
Zone
Mafic rocks
Mafic/Felsic
rocks
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Favourable Host Rhyolite Horizon
2020 New Interp and drill targets
Nov 2020 Surface
Drill target
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• Historic Production direct
shipping ore 3.2% Cu plus Au
• Previous drilling targeted
antiform model
• Ocean-floor style, higher-grade
mineralization
• 10 DDH completed Q4 2020
Nov. 2020 SURFACE DRILLING:
Historic Niblack Mine
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Hole-IDFrom (m)
To (m)Width (m)
Cu %Au g/t
Zn %Ag g/t
NIB-3 158.5 160.3 1.8 3.16 1.21 0.07 23.8
LO-064 45.6 46.4 0.9 8.36 0.84 0.82 36.1
LO-065 18.9 23.5 4.6 5.77 2.31 3.81 63.2
and 31.1 39.0 7.9 2.97 1.67 1.54 20.6
LO-066 128.0 145.5 17.5 1.46 0.87 0.65 14.5
and 162.8 167.3 4.6 1.53 2.34 13.11 17.6
and 183.2 187.2 4.0 3.26 1.19 0.34 25.1
LO-067 239.3 244.1 4.9 5.08 13.15 4.01 149.1
and 256.3 257.9 1.5 2.49 10.63 9.11 36.6
LO-169 124.4 126.0 1.6 11.64 5.14 2.62 89.9
• 2021 Potentially extend drift
by 100 - 150m
• Objective to extend dip
length by 50%
• Additional stepout, infill &
metallurgy/Geotech holes
considered
• 2021: Q1 drilling to extend
down-dip of high grade zone
• New structural interpretation
suggests shallowing of dip
to the west
UNDERGROUND EXPLORATION:
Lookout Zone
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2021 Focused, modern exploration targeting 5km strike extension of host horizon
EXPLORATION:
IP Geophysics and Soil Sampling
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EXPLORATION TARGET
Dama Copper Zone; target 2021
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1. Accessible Deep Water at Niblack Anchorage 2. Gravina Island Industrial Complex
3. Dock & Barge Camp 5. Underground Development4. Supply Barge
SITE INFRASTRUCTURE
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• Historic mining operations
• Existing underground development (1,100 m of
4.3m x 5.3m)
• Resource has good internal continuity
• Ideal setting for bulk mining methods (i.e. longhole
stoping)
Average width: 15m
Maximum width: 100 m
Average dip: 52o
• Initial metallurgical tests indicates high quality
clean Cu & Zn concentrates, high precious metals
content
• Competent ground in existing underground ramp
• Low initial Capex requirement
IDEAL MINING CONDITIONS
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*AIDEA – Alaska Industrial Development and Export Authority
Detailed evaluation of several potential off-site mill sites conducted. Gravina Island is
currently the leading option and presents clear technical and financial advantages.
Key Benefits:
• Existing, low cost power
• On tidewater with deep draft port
• Accessibility to local workforce
• Heatherdale and Ketchikan Gateway
Borough reached an MOU in 2012
for investigating the site
• Previous disturbance
(‘brownfield’)
• Pre-Authorized for
$125M low interest
loan to develop the
Niblack Project
through AIDEA*
Preferred Mill Site
Potential Mill Site
Existing Road
GRAVINA ISLAND
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• Management has strong track record
community & indigenous engagement,
advanced project permitting
• Prince of Wales Island, Metlakatla and
Ketchikan consultation by previous
operators; new outreach to be initiated
• Share ownership by Native Groups
should be considered
• Existing liabilities at Niblack; bonding &
water treatment in place
• Land tenure includes Federal Patent,
Federal and State of Alaska Mineral
claims
ENVIRONMENT, PERMITTING, COMMUNITY
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TRADING SYMBOL: TSX.V:HTR
Contact Us:
Rob McLeod, P.Geo – Director, President & CEOPhone: (604) 617-0616E-mail: [email protected]
Jasper Gatrill, Manager Corporate CommunicationsPhone: (778) 708-0509Email: [email protected]
Corporate Office:
Suite 1800 - 555 Burrard, PO Box 220 Vancouver, BC V7X 1M9Phone: 604-343-2997Twitter: @HTRResourceswww.heatherdaleresources.com
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