investor presentation...cautionary statement regarding forward looking informationtsxv: gtt 2...
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Cautionary Statement Regarding Forward Looking Information
TSXV: GTT 2
Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”,
“expect”, “intend”, “may”, “should” and similar words and expressions to the extent they relate to GT Gold Corp. (the “Company”) or its management.
The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions, and therefore involve known and unknown
risks, uncertainties and other factors.
Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of
any subsequent date. The material factors and assumptions that were applied in making the forward looking statements in this presentation include:
• execution of the Company’s existing plans or exploration programs for its properties, which may change due to changes in the views of the Company, or if new information arises
which makes it prudent to change such plans or programs; and
• the accuracy of current interpretations of geochemical, geophysical, drilling and other exploration results, since new information or new interpretations of existing information may
result in changes in the Company’s expectations. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results,
performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or
unknown risks, uncertainties or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide
any assurance that such forward-looking statements will materialize. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
QA/QC PROCEDURES
GT Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of RC chips and diamond drill core, the
complete details of which can be viewed on the Company’s website at http://www.gtgoldcorp.ca/projects/tatogga/
For full details on both Saddle North and Saddle South reverse circulation and diamond drill program assay results widths reported in this presentation, please refer to the corresponding
press release available on the Company website at www.gtgoldcorp.ca/news/. All assays are performed by ALS Canada Ltd. (Minerals), with sample preparation carried out at the ALS
facility in Terrace, BC, and assays at the North Vancouver laboratory. Assay values are uncut. For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using
50 grams of sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption. All samples that return equal
to or greater than 5 g/t Au from initial fire assaying are additionally sent for screen metallic analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure
that any coarse grained, nugget gold fraction that may have been missed in the fire assays has been captured.
GT Gold Corp.’s Qualified Person as defined by National Instrument 43-101 is Charles James Greig, P.Geo., M.Sc., Vice President, Exploration. Mr.Greig has reviewed and approved the
technical information in this presentation.
TSXV: GTT 3
GT Gold – Investment Opportunity with Optionality and Upside
Strong management team with technical expertise and a track record of value creation
SADDLE NORTH DISCOVERY
• Exposure to both copper and gold
• Large-scale, high-grade Cu-Au
porphyry system, mineralized to
surface with scale and open along
strike and at depth
• Grades exceeding 1.0% CuEq /
1.5 g/t AuEq over 777 m including
1.5% CuEq / 2.0 g/t AuEq over
342 m (Hole TTD109)*
EXPLORATION UPSIDE
• Saddle area
Highly prospective untested
targets adjacent to Saddle
discoveries
• Quash Pass target
5-6 km long strong coincident soil
and geophysical anomaly
• ~7-8 km from Saddle area
• Additional targets identified on
prospective 468 km2 property
SADDLE SOUTH DISCOVERY
• Near surface high-grade Au-Ag
vein system open along strike and
at depth
• Development scenario optionality
• Intersected grades of 10.0 g/t Au
and 46.84 g/t Ag over 57.3 m
(Hole TTD135)*
*January 4, 2019 intra-day spot prices used to calculate CuEq and AuEq are: Cu:
$2.57/lb, Au: $1,294.80/oz, Ag: $15.65/oz. All values are reported in USD and do not consider metal recoveries
*Intervals are calculated using a 0.5 g/t Au cut-off, a maximum of three metres of internal
dilution for vein-style mineralization, with no top cut applied. All intervals are reported as
downhole drill widths and are expected to vary widely, and likely range between 20% and 70% of true width.
TSXV: GTT 4
CANADA
Red Chris mine
Paved Highway37
Tatogga
Property287 kV Line
Port of Stewart
Tatogga: Tier 1 Jurisdiction with Access & Infrastructure
Iskut
SADDLE
NORTH
SADDLE
SOUTH
100% owned 468 km2 Tatogga property
N
Drillhole
Ashwath Mehra
Executive Chairman• +30 years of mining and metals
experience
• Extensive Capital markets
expertise and network of European
investors
Charles J. Greig
VP Exploration• Geologist with +35 years of
experience working in mining
and mineral exploration
• Extensive experience relating
specifically to deposits in BC’s
Golden Triangle
Shawn Campbell
Chief Financial Officer• +15 years of progressively senior
experience in project and operations
financial management
• Most recently served as Head of
Investor Relations with Goldcorp.
Strong Management Team and Board of Directors
TSXV: GTT 5
Paul Harbidge
President, CEO and Director• Geologist with +20 years of
experience in mining exploration and
development
• Most recently served as Senior Vice
President of Exploration at Goldcorp
James Rutherford
Lead Independent Director• +25 years of experience in
investment banking and
investment management
• Served as a Senior Vice
President at Capital Group
responsible for mining
investments
Renaud Adams
Independent Director• +25 years as global mining
executive and operator
• Currently serving as CEO
and President of New Gold
• Instrumental in Richmont
Mines’ acquisition by Alamos
Gold for ~US$700M
Charles Tarnocai
Independent Director• Geologist with +22 years of
experience in international
mining and exploration
• PH.D in economic geology
• Most recently served as
VP Corporate Development
at Alamos Gold
John L. Pallot
Independent Director• Seasoned executive with
decades of experience
across a broad array of
industries
• Extensive experience
raising capital for junior
mining issuers
Dale Finn
Director• Geologist with +35 years of
experience in mining
exploration
• Currently serves as a Group
Executive Exploration at
Newmont and is responsible
for geologic functions in
South America
Technical expertise and a track record of value creation
Adrian Reynolds
Independent Director• +30 years of experience in
natural resources sector
• +15 years' experience with
Randgold Resources as
part of the executive team
strategizing growth from
exploration to profitable
mid-tier production
Michael Skead
VP Project Development• Geologist with +30 years of
experience in mining exploration
and development
• Most recently served as Director
of Geoscience at Newmont
Goldcorp
TTD141
657.11 m @
0.50 g/t Au & 0.33% Cu
0.70% CuEq*
& 0.97 g/t AuEq*(777.00-1,434.11 m)
TTD144
114.00 m @
0.20 g/t Au
& 0.24% Cu
0.39% CuEq*
& 0.54 g/t AuEq*(223.00-337.00 m)
TTD145
39.00 m @
0.71 g/t Au &
0.48% Cu
1.02% CuEq &
1.40 g/t AuEq*(118.00-157.00 m)
Saddle North2019 Drilling
6
2019 program tested
mineralized porphyry
intrusive system to
+1.4 km depth
Demonstrated continuity
in high-grade southerly-
plunging core from surface
to highest grades at depth
100% of holes drilled
intersected Cu-Au porphyry-
style mineralization
System remains open
at depth with highly
prospective targets untested
along strike to West and
East 0 100 200
metres
Saddle North
Plan MapBase map: 10 metre
topographic contours
Projection: UTM NAD 83 Zone 9
Diamond drill collar
Assays released (current)
Diamond drill collarAssays previously released
Diamond drill collarAssays pending
Diamond Drill Collars
Legend
> 1.5
> 0.1
0.5
1.0
Plan Map Trace ShadeCuEq (%)*
*Prices used to calculate CuEq are:
Cu: $2.60/lbAu: $1,300/ozAg: $16/oz
All values are reported in USD and do not consider recoveries
TSXV: GTT
TTD142
337.87 m @
0.41 g/t Au &
0.28% Cu
0.58% CuEq*
& 0.80 g/t AuEq*(440.00-778.87 m)
TTD143
359.00 m @
0.68 g/t Au & 0.459% Cu
1.00% CuEq* & 1.37 g/t AuEq*(386.00-745.00 m)
*Prices used to calculate CuEq and AuEq are, Au: $1,300.00/oz, Ag: $16.00/oz, Cu: $2.60/lb. All values are reported in USD and do not consider metal recoveries.
7
Saddle North Drilling Across High-grade Core
73.00 m @
0.67 g/t Au and
0.51% Cu
1.38 g/t AuEq* and
1.00% CuEq*(1,179.00-1,252.00 m)
39.00 m @
0.71 g/t Au and 0.48% Cu
1.40 g/t AuEq* and 1.02% CuEq*(118.00-157.00 m)
108.11 m @
0.80 g/t Au and 0.40% Cu
1.36 g/t AuEq* and
1.00% CuEq*(1,326.00-1,434.11 m)
472.00 m @
0.39 g/t Au and
0.32% Cu
0.85 g/t AuEq* and
0.62% CuEq*(658.00-1,130.00 m)
627.00 m @
0.53 g/t Au and
0.37% Cu
1.04 g/t AuEq* and
0.76% CuEq*(648.00-1,275.00 m)
362.00 m @
0.73 g/t Au and
0.45% Cu
1.36 g/t AuEq* and
1.00% CuEq*(808.00-1,170.00 m)
TSXV: GTT
303.34 m @
0.49 g/t Au and
0.38% Cu
1.03 g/t AuEq* and
0.75% CuEq*(805.00-1,108.34 m)
Cross-section A Cross-section B
TSXV: GTT 8
• Well-mineralized envelope• ~1,400-1,600 m down-plunge
• ~700 m along strike
• thickness of ~200-560 m
(1,550 m from surface)
• High-grade core zone • +1,000 m down-plunge
• ~200-400 m along strike
• thickness of ~40-450 m
• Excellent continuity with consistent Cu-Au
grades and expanding to depth
• Open at depth with highly prospective
untested targets along strike to West and EastLooking at -10° to 065°
500 m
Poelzer Fault
0.50 g/t Au Shell
0.3 g/t Au Shell
Saddle North Large Scale Cu-Au Porphyry Discovery
1.00 g/t Au Shell
0.75 g/t Au Shell
TSXV: GTT 9
Saddle North: De-risking with Initial Metallurgical Testwork
Saddle North
MineralizationSample
Au
(g/t)
Ag
(g/t)
Cu
(%)
Fe
(%)
Stot
(%)
1. High-
grade core
Head A 0.89 1.55 0.52 6.87 1.85
Head B 0.95 1.55 0.49 6.80 1.87
Head C 0.92 1.58 0.50 6.78 1.74
Average 0.92 1.56 0.50 6.82 1.82
2. Broadly
Mineralized
Envelope
Head A 0.47 2.20 0.29 5.40 1.83
Head B 0.46 2.40 0.30 5.38 1.81
Head C 0.41 2.20 0.30 5.47 1.84
Average 0.45 2.27 0.30 5.41 1.83
Initial metallurgical testwork on composite samples from two zones of mineralization:
1. Deeper high-grade core (>1% CuEq)
Results: recovered 88% of the copperand 67% of the gold in a concentrate grading 24.5% Cu and 32.2 g/t Au
2. Broad envelope of mineralization (>0.25% CuEq)
Results: recovered 75% of the copper and 57% of the gold in a concentrate grading 22.0% Cu and 23.3 g/t Au
Potential for a simple, conventional flowsheet
Further comminution testing, with results expected in Q3 2020
• Three composite samples are being collected:
• 2 from potential open pit limits (1 from broad envelope of mineralization + 1 from high-grade core)
• 1 from deeper high-grade core of mineralization with underground mining potential
Testwork conducted by Blue Coast Research Ltd., Parksville, BC.
Saddle South – Precious Metal Vein System
TSXV: GTT 10
• Discovery of deep high-grade Cu-Au mineralization at Imperial Metals’ Red Chris project inspired regional exploration
• High grade Au in soil anomalies followed up by first ever Saddle South drilling in 2017
• Drilling to date has outlined:
An extensive near-surface zone of high grade Au-Ag vein mineralization spanning ~1,000 m X 150 m X 700 m
High-grade zones locally show good continuity across sections both near surface and at depth
Locally extensive surface expression of mineralization
• Mineralized system remains open along strike and at depth
Saddle Zone Plan Map
IP chargeability basemap
Residual Magnetic Intensity (RMI) magnetic contours
10000
metres
Saddle North (West)
Eastern Extension
mV/V
mV/V
Residual Magnetic
Intensity (contours)
500 nT
-200 nT
TTD079
9.55 g/t Au
over 40.89 m
TTD007
51.53 g/t Au and
117.38 g/t Ag
over 6.95 m
TTD058
31.79 g/t Au and
1,141.10 g/t Ag
over 3.01 m
TTD064
1.35 g/t Au
and 0.37% Cu
over 18.50 m
TTD135
10.00 g/t Au and
46.84 g/t Ag
over 57.30 m
Tatogga: New Opportunities
TSXV: GTT 11
Red Chris mine
Quash Pass
Saddle
TatoggaProperty
Soil geochemistry,
ground geophysics
and IP anomalies
define prospective
targets
Porphyry
district scale
comparisons
and Tatogga
upside
Quash Pass
Anomaly ~3km
+0
+1000
+0
+1000
NW SE
IP chargeability
Red Chris
Saddle North
3km
Cadia 5.5km
Gully Zone
Main Zone East Zone OP
East Zone UG
Au ppm
0.5
0.4
0.3
0.2
0.1
0
Ridgeway
Big Cadia
Cadia Quarry Cadia Hill
Little Cadia
Cadia East
N
N
2019 Field Season
Including all field crews and
temporary contractors:
89
36
9
27% Tahltan
Nation 134
Employees & Contractors
Other
First
Nations
Non-
First
Nation
Contracted Tahltan Nation:
• KICA (16)
• Northern Labour Services (17)
• Matrix (3)
TSXV: GTT 12
Tatogga Project Employee & Contractor Demographics
44,200
~70k
37%
$12.1
25,570
25%$3.0 M
$9.1 M
Community and Environment; Partnership and Respect
2019 Economic Contributions
AgreementsCommunications Agreement with Tahltan
Central Government$ 35,000
Hockey
Tahltan Selects 3,000
Lil Tahltan Beardogs 3,000
Iskut Sawtooth Predators 2,000
Health
& Wellness
Tene Mehodihi Tahltan youth initiative 5,000
Healthy Active Tahltans (HATS) 5,000
Literacy Camp, Iskut Valley Health Services 5,000
Education Orientation 3,000
Scholarship 5,000
Events TNDC Dease Lake Christmas party 1,000
Tahltan youth lunch at AME Roundup 2,000
Total Funds Contributed in 2019 ~$70,000
2017-2019 ACHIEVED & 2020 ONGOING:
• Continuing water quality sampling 2017-2020
• Archaeological surveys of drill and camp sites
• Engaging with TCG Lands Director and the
Tahltan Heritage Resources Environmental
Assessment Team
• Flight management plan developed in 2017 to:
• Minimize disturbance to wildlife
• Keep helicopter traffic away from Iskut
community
TSXV: GTT 13
Equity Structure & Analyst Coverage
TSXV: GTT 14
9.9%
Newmont (14.9%) participated in 2 strategic
investments in GT Gold in 2019 5:
• C$17.6M closed on May 29
• C$8.3M closed on December 12
8.914.9
11.9
39.6
24.7
% GTT
Ownership1Retail
Ross Beaty
Institutions
Directors &
Management
1. Source: IR Insight, Cap IQ, Monrningstar, direct communication with firms
and SEDI filings to January 15, 2020.
2. As at close of day February 27, 2020.
3. As at September 30, 2019.
4. Estimated cash balance as at December 12, post-close of Newmont
financing.
5. Refer to press releases dated May 29, 2019 and December 12, 2019.
.
Capitalization and Balance Sheet (C$)
Share Price2 $1.23
Basic Shares Outstanding 123.4M
Options Outstanding3 11.5M
Basic Market Capitalization $151.7M
Cash4 ~$18.4M
Total Debt $0
Analyst Coverage
Cormark Securities - Tyron Breytenbach
M Partners - Bereket Berhe
Paradigm Capital - David Davidson
PI Financial - Chris Thompson
Agentis Capital - Michael Gray
Milestones Ahead: Towards a Geological Model & Project Pipeline
TSXV: GTT 15
Advancing Saddle North gold-rich copper porphyry discovery
First drill holes (600 m drilled) - 2017
Discovery made (8,200 m drilled) - 2018
Delineation drilling (23,900 m drilled) - 2019
.............................................. ........
Metallurgical results - 2020
Ongoing consultation with Tahltan Nation
Geological model
Inferred resource
Exploration of new targets
Definition & infill drilling
Preliminary Economic Assessment
Systematic Exploration: Towards a Geological Model & Project Pipeline
TSXV: GTT 17
Regional Geophysics
Geochemistry
Drill Testing & Oriented Core
Hyperspectral/ Alteration Mapping
Mapping
Structural Interpretation
Geological
ModelAssay Results
2019 Drilling program achieved 25,000 m goal
2020 Q1 Current and ongoing non-drilling activities:
• Saddle North - 31,163 m core relog is now completed and data is being compiled into a geological model, on
track for completion for end of Q1 2020. This model will form the foundation for an initial resource estimate in
Q2 2020, and engineering work and studies are also ongoing to deliver the PEA in Q4 2020.
• Exploration - a dedicated exploration team is now integrating various datasets to define new 2020 drill targets
2019 Drilling Summary
25,146 m Total drilling completed in 2019
23,857 m Saddle North
- Completed exploration, delineation and infill drilling to supply sufficient
data to support generation of geological model through preparation of an
initial inferred resource to be released in Q2 2020
1,289 m Saddle South
- Obtained oriented core data to: 1) better understand controls on
mineralization, 2) to collect a representative metallurgical sample,
3) provide necessary control for construction of a geological model
TSXV: GTT 18
Red Chris mine
Saddle
TatoggaProperty
Quash Pass
Additional Opportunities: Quash Pass Priority Target
TSXV: GTT 21
• Quash Pass target (~7-8 km southwest of Saddle) is defined by a 5-6 km long precious metals-rich
multi-element soil and rock geochemical anomaly with a coincident strong geophysical response, and
a similar east-west strike to the Saddle system.
• An initial reconnaissance drill program is in planning.
Copper Outlook – Growing Demand for New Supply
TSXV: GTT 22
1. Source: Wood Mackenzie mining investment presentation at TD Mining Conference
in January 2019.
2. Source: RBC Capital Markets report on copper, published May 7, 2018.
Mine production and demand for mine supply Mt (forecasts after 5% disruption allowance)1
Global copper supply declines with diminishing
long-term production1,2
• Mine production expected to peak by 2022,
creating structural deficit
• Long-term production affected by decreasing
mined grades and increasing capital intensity
Demand for copper is growing sustainably3
• Driven by copper’s inherent high-efficiency and environmental
benefits
• Driven by increased demand for electric vehicles and renewable
energy systems
• Green initiatives led by China - with a predicted 50% of total
primary-energy supply coming from renewable sources by 2050
3. Source: ICA (International Copper Association) website 2019.
New projects are required to meet future
demand growing at ~1.5% p.a.
Projected 5Mt deficit in new copper
mine supply by 2028 as existing
production declines and demand
continues to grow steadily2