a new investment opportunity in montana’s prolific...
TRANSCRIPT
A New Investment Opportunity in Montana’s Prolific Porphyry-based Copper Gold Camp
July 2018
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Safe Harbor and Forward Looking Statements:
This presentation is for informational purposes only. It is not an offer for the purchase or sale of securities and it is not intended to be relied upon.Although all information is derived from sources which Broadway Gold Mining Ltd., and its officers, directors and advisors believe to be reliable andaccurate, neither Broadway Gold Mining Ltd., or its officers, directors or advisors warrant its accuracy. Recipients are advised to conduct their owndue diligence. Estimates and projections contained herein, whether or not our own, are based on assumptions that Broadway Gold Mining Ltd., itsdirectors, officers and advisors, believe to be reasonable. Changes in the rates of exchange between currencies may cause the value of aninvestment in securities of Broadway Gold Mining Ltd. to fluctuate. Past performance should not be seen as an indication of futureperformance. Investments in securities of Broadway Gold Mining Ltd. can fluctuate in value and accordingly you are not certain to make a profit onany investment; you could make a loss.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This presentation includes information, statements, beliefs and opinionswhich are forward-looking, and which reflect current estimates, expectations and projections about future events. Statements containing the words“believe”, “expect”, “intend”, “should”, “seek”, “anticipate”, “will”, “positioned”, “project”, “risk”, “plan”, “may”, “estimate” or, in each case, theirnegative and words of similar meaning are intended to identify forward-looking information. By its nature, forward-looking information involves anumber of known and unknown risks, uncertainties and assumptions concerning, among other things, Broadway Gold Mining Ltd.’s (“Broadway”)anticipated business strategies, anticipated trends in Broadway’s business, anticipated future revenue streams, and anticipated market share, thatcould cause actual results or events to differ materially from those expressed or implied by such forward-looking information. These risks,uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. In addition, even ifthe outcome and financial effects of the plans and events described herein are consistent with the forward-looking information contained in thispresentation, those results or developments may not be indicative of results or developments in subsequent periods. Although Broadway hasattempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described inforward-looking information, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated orintended. Forward-looking information contained in this presentation is based on Broadway’s current estimates, assumptions, expectations andprojections, which Broadway believes are reasonable as of the current date. Broadway can give no assurance that these estimates, assumptions,expectations and projections will prove to have been correct. You should not place undue reliance on forward-looking information contained in thispresentation. Forward-looking statements contained in this presentation are made of the date of this presentation and, except as required byapplicable law, Broadway assumes no obligation to update or revise them to reflect new events or circumstances. Historical information containedin this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in thefuture. In particular historical results should not be taken as a representation that such trends will be replicated in the future.
This presentation has been prepared under the supervision of R. Timothy Henneberry, PGeo, a Qualified Person under National Instrument 43-101.
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Presentation Outline
I. Broadway In a Snapshot: NI 43-101 Highlights: 16% Cu + 10.21 gpt Au (Slide 4)
II. Location, Property, Geology, Mineralization (Slides 5-9)
III. History of Development (Slides 11-12)
IV. Drill Results including Bonanza Grades (Slides 13-16)
V. Targets (Slide 17-19)
VI. Capital Structure (Slide 20)
VII. Leadership Team (Slide 21)
VIII. Next Milestones (Slide 22)
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Investment Highlights
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➢ Latite Porphyry discovered at depth and along trend
➢ 16% Cu and 10.21 gpt Au from a bulk sample of 14,597 tons (NI 43-101)➢ Including 2,678 tons of 35% Cu + 1,512 tons of 20.70 gpt Au➢ 3,020,000 lbs Cu + 7,570 Oz Au
➢ Bonanza intersections 24.497 gpt Au + 0.391% Cu / 30.18 M ➢ Including 68.608 gpt Au+ 0.275% Cu / 4.57 M➢ Above it 82.867 gpt Au + 0.366% Cu / 2.74 M
➢ Madison & Broadway Mines 100%-owned* ➢ Madison rehabilitated and MSHA compliant➢ Permitted for mining and exploration➢ High-grade mineralization available for bulk sample➢ Within trucking distance to permitted mills
➢ 2 mile trend of indicators of numerous shallow and deep targets
*Subject to underlying royalties
Porphyry Copper Gold Camp
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Madison Property Map
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➢ The Madison Property consists of Archean metamorphic rocks to the west (brown)
➢ A wedge of Paleozoic carbonates (blue) central to the slide
➢ Cretaceous-Tertiary intrusives (pink)
➢ Tertiary Gravels (yellow-tan)
Property Geology
Geologic mapping by M. Foote, 1987 and MBMG Geology of Butte South, 2012Slide prepared by R. McLachlin, Childs Geoscience
X Madison Mine
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Great Falls Tectonic Zone - Porphyry Belt
➢ Diverse belt of northeast trending geologic features
➢ Boise Basin Idaho to southwestern Saskatchewan
➢ Continuous zone of high angle faults and shear zones
➢ Controls intrusive activity and related mineralization
J. O’Neill and D. Lopez, 1985
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Porphyry at Depth and Surface
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➢ Targets extend over a well-mineralized, two-mile-long by one-mile-wide zone of geophysical, geological and geochemical indicators
➢ First three holes - distinct IP and TDEM targets interpreted to be associated with a copper-gold porphyry system at depth
➢ Latite porphyry discovered in holes C17-24 and C17-C27
➢ Intercepts measuring 234 metres open in all directions
➢ Surface expression 1.2 miles east of holes 24/27
The Broadway Cu-Au skarn district includes a two-mile by one-mile zone of skarn and alteration. It includes:• A multi-episodic mineralization history• Massive sulfides• Strong geophysical anomalies• Extensive recrystallization and
propylitic alteration• Late stage silicification to form
jasperoids• Massive sulfides with strongly
magmatic sulfur isotope values• Jasperoid overprints much of the
massive sulfide deposit and skarn which correlates with gold
All of which point to a significant source of volatiles including sulfur, and a Cu-Au porphyry system at depth
Broadway Cu-Au Skarn
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Exploration target:
A large Cu/Au porphyry at depth, which produced a generation of fluids that formed the skarn zones discovered to date along faulted intrusive contacts currently exposed in accessible mine workings and at surface
Madison Coronado History
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Broadway Acquired Madison October 2016
Estimated US$10 Million and C$3 Million spent by Coronado
Care and maintenance
4 underground core holes over
575.6 feet; underground trial
mining at 300 feet; Copper shipment
to China
Coronado Development and Work History
2008200720062005 2012-2016201120102009
7 underground core holes over
766.5 feetShipment to
Kinross Republic, sulfide gold
3 underground core holes over 340 feet, underground
development to 600 feetShipment to Kinross Republic
Mill, sulfide gold
Underground trial mining at 600 feet
Shipment to Philipsburg Mill,
sulfide gold
6 core holes over 2,419.5
feet 8 core holes over 2,940.5 feet, underground
development to 200 feet
4 underground core holes over 575.6 feet, underground
development to the 300 feetShipment to Barrick Golden Sunlight Mine, oxide gold
Broadway: A New Beginning
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OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT2016
Significant Milestones Achieved
2017
Surface mapping and sampling
Underground rehab to 600 feet
Surface drilling19 holes over 13,071 feet –
multiple high-grade copper/gold zones discovered
Underground drilling below 600 feet7 holes over 1,007.5 feet – bonanza grade massive sulfide intercepted
Two phases of induced polarization (IP) completedSeveral targets, including deep porphyry, identified
Staked additional 70 claims,
increased total acreage to 1,871+
EM over main property block, also down hole
Surface mapping and sampling over
new property (ongoing)
Soil geochemistry over entire property
(ongoing)
3D modeling (ongoing)
Completed new geological model
Phase III drilling commenced
Discovery of new latite porphyry
zone of mineralization
Oct Nov Dec Jan Feb Mar Apr May Jan Jul Aug Sep Oct Nov
Following porphyry discovery, staked
additional 32 claims to increase total acreage to 2,514
New claims cover favorable geological
and geophysical targets
Phase I/II Surface Results (selected)*
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*The drill intersections are down hole widths not true width.
Number Zone ft from ft to ft length m length gpt Au % Cu
C17-01 jasper 342.5 498.5 156 47.55 0.477 0.977
C17-03 jasper 405 573 168 51.21 0.187 0.571
C17-05 jasper 419 443 24 7.32 0.019 0.603
C17-05 jasper 479 608 129 39.32 0.418 1.468
C17-07 jasper 398 539 141 42.98 1.220 1.176
C17-09 jasper 480 492 12 3.66 4.249 1.882
C17-10 sulfide 452 482 30 9.14 4.288 3.122
C17-12 jasper 540 570 30 9.14 0.361 1.391
C17-13 jasper 387 453 66 20.12 0.253 1.466
C17-14 jasper 410 437 27 8.23 1.927 0.154
C17-15 jasper 462 486 24 7.32 0.812 0.230
C17-16 jasper 581 743 162 49.38 0.097 1.725
C17-17 jasper 614 716 102 31.09 0.159 1.020
C17-19 jasper 728 761 33 10.06 2.990 1148
C17-20 sulfide 429 507 78 23.77 1.843 1.247
Underground Drilling Intersects Bonanza Gold Grades
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600 Level Underground Drilling
The drill intersections are down hole widths not true width.
Objective of program was to test down dip extension of the auriferous massive sulfide zone below 600 feet
• Zone was discovered by Coronado as they continued to drive decline to further depth
• Small program of 1,007 feet in seven holes tested the zone with considerable success
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Copper Zone
Internally prepared estimate May ‘18
927 drill samples from 72 drill intersection, using 40-foot level plans followed by 40-foot x-sections constrained within geologic boundaries
Open in all directions, the 600 level includes mineralization of 12.65 gptAu based on 169 samples from 14 weight-averaged drill intercepts
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•UG17-05 reported 75 feet averaging 31.13 gpt Au •U 10-02 reported 74 feet averaging 25.51 gpt Au
Internally prepared estimate May ‘18
North Long Section of Underground Definition Drilling Programs
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➢ Drill extension of Zone 2, 500 Level (generated 2,678 tons of 35% Cu)➢ Infill drill extension of 600 level (generated 1,512 tons of 25.03 gpt Au)
Underground Infill Drilling
• Mise-a-la-Masse target for massive sulfides
• North Central and East Central are targets to test deep copper porphyry system
• North East is target for massive sulfides
• Southeast contains two targets for Cu-Au porphyry
Earn-in Drill Targets
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Rader Creek
Pluton
Paleozoic
section
Area of historic
exploration
Northeast
Mag High and
TDEM target area
Precambrian
South East
chargeability
target area
North and East
Central
chargeability and
TDEM target area
Mise-a-la-Masse
and mine step-out
target area
Geophysical – Interpretation of Earn-in Targets
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Mise-a-la-Masse
and mine step-out
target area
Northeast
Mag High and time
domain
electromagnetics
(TDEM) target area
Southeast
chargeability
target area
North and East
Central
chargeability and
TDEM target area
Share Structure & Financing
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*As of February 28, 2018**As of June 28, 2018***Fully diluted shares
TSX.V: BRDOTCQB: BDWYF
Shares Outstanding*
37.4 M
Share Price**
$0.125
MarketCap**
$4.68 M
Cash*
$0.503 M
Debt*
Nil
Management/Board***
11.12%
Qualified PersonR. Tim Henneberry, P.Geo., a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this document.
Board of Directors, Management & Advisors
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R. Timothy Henneberry, P. Geo
Geologist, Qualified Person
Phil Mulholland, CPG
Site Project Geologist
Jarred Zimmerman, M.Sc.
Site Geologist
Dan Everett, B.Sc.
Site Forman
Dr. John Childs et al Childs Geoscience
R. S. Middleton, P. Eng.
Consulting Geophysicist
Thomas Smeenk, BA
President and CEO
Suzanne Wood, MBA
CFO
Duane ParnhamDirector
Dr. Roger Laine, PhD
Independent Director
Victoria Donato, CPA, CA
Independent Director
Shawn Parnham, CPA, CMA
Independent Director
2018 Milestones and Use of Proceeds
➢Contract a Mining Engineer to complete preliminary economic assessment
➢Plan infill drilling to increase tons and resource
➢Plan a bulk sample of the ore body
➢Partner with a Major, Vector to the most likely source of the Porphyry
➢Drill to earn-into the asset
➢Increase retail awareness and market support
➢Continue to De-risk project for future M&A transaction
22C17-24 Latite porphyry showing the phyllic alteration
C17-24 Carbonate-latite porphyry contact, note the chaotic folding and brecciation
Timing is Everything!
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