taiga gold corp. - ssr mining maintains the fisher property … gold... · 2020-06-05 · taiga’s...
TRANSCRIPT
Wayne Everett Fisher
1938 - 2015
SSR Mining maintains the Fisher Property option and has
significant exploration planned and underway in 2019:• 8,000m - 12,000m drilling
• 6,000 - 8,000 soil sampling
• Geophysics
• Mapping
FORWARD LOOKING STATEMENT
This presentation includes certain “forward-looking statements’ within the
meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. Forward-looking statements include without limitation,
statements regarding future production, potential mineralization and
reserves, exploration results and future plans and objectives of Taiga Gold
Corp. (Taiga Gold). Forward-looking statements can generally be identified
by the use of forward-looking terminology such as “may,” will,” “expect,”
“intend,” “estimate,” “anticipate,” “believe,” or “continue” or the negative
thereof or variations thereon or similar terminology. There can be no
assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such
statements.
At the beginning of the mining
industry downturn in 2012 Eagle
Plains Resources (EPL:TSX-V)
focused on identifying the best
opportunities for gold exploration
projects in western Canada
This was done to take advantage
of its healthy treasury and
technical team when the
opportunity for acquisition of
quality exploration projects was
peaking
The team identified
a relatively under-
explored area in
northeastern
Saskatchewan
They weren’t
alone….
Weeks after
consolidating 4 large
gold exploration
properties in the
Tabbernor fault area
another company
entered the scene…..
Silver Standard
Resources
Silver Standard
Resources, now SSR
Mining, buys Claude
Resources and
acquires the
neighboring Seabee
Gold Operation in
March 2016 for a
share deal
amounting to $337m
SSR Mining appears to have
come to the same conclusion
as Eagle Plains and backed up
that theory with $337m.
Within weeks
SSR Mining
and Eagle
Plains entered
discussions
regarding an
option on the
Fisher Property
On October 6, 2016 SSR Mining
optioned the Fisher Project from
Eagle Plains with terms:
SSRM may earn a 60% interest:
• complete $4M exploration within 4 yrs
• an initial cash payment to EPL of $100k
• annual cash payments to EPL of $75,000
SSRM may earn an additional 20%:
• Make a cash payment of $3M to EPL
within one year of announcing 60%
In 2017 SSR Mining commenced a
$90M upgrade of the Seabee Gold
Operation designed to:
• Extend production profile by approx. 29% over
2016 levels
• Near-term production growth to peak production
of 120,000 oz in 2020
• Expand operating margins by lowering cost/oz
• Improve processing plant performance
In April 2018 Eagle Plains spins-out a
new entity awarding shareholders a
new shares on a 1 for 2 share basis:
Taiga Gold Corp
lists on the Canadian Stock Exchange
under the ticker symbol
TGC
Here’s the rationale for the spin-out:
• Improve identification and valuation of gold assets
• Simplify corporate ownership / invite takeover
• Increase ability to finance without dilution to EPL
• Provide a liquidity event for EPL shareholders
• Tax-free structure for spin-out shares
• Its worked well in the past, CPY an EPL spin-out
• CPY/NG merger = $65m to CPY shareholders
Taiga’s assets include 5 gold
exploration properties strategically
located in the Seabee Gold Operation
Camp:
• Fisher, Leland, Orchid, Chico & SAM
• Royalties on these projects including 2.5%
at the Fisher
Since 2016, SSR Mining has explored the Fisher
Project for new gold discovery, some highlights are:
• 2020 drill program ~ 12,000m
• 3 new high-grade gold discoveries in Q1 2020, 2 near
border with Santoy Mine (Yin and Abel Lake Zones),
the other approx. 6km south at the Mac North Zone
• Exploration has focused along the Santoy Shear Zone
which is now understood to entirely bisect the Fisher
• High-grade gold mineralization identified over a 13km
trend, with values reported up to 166.8 g/t gold
• Numerous high-grade gold occurrences discovered
Highlights Continued:
• Structural interpretation indicates the geological setting
at Mac North is similar to the high-grade zones at the
nearby Santoy Mine Complex
• All-season Fisher camp upgraded from 24 to 42 person
• Cash payments received totaling $325,000 to date
• Approximately $10m in exploration completed on Fisher
to date, funded entirely by SSRM
• 20.93 g/t Au
• 25.13 g/t Au
• 64.17 g/t Au
• 13.77 g/t Au
• 7.30 g/t Au
• 5.57 g/t Au
• 7.00 g/t Au
• 6.90 g/t Au
• 12.70 g/t Au
• 166.77 g/t Au
• 80.20 g/t Au
• 24.70 g/t Au
• 31.10 g/t Au
• 9.63 g/t Au
• 5.22 g/t Au
• 59.33 g/t Au
• 25.63 g/t Au
• 8.93 g/t Au
• 16.93 g/t Au
• 7.03 g/t Au
• 16.03 g/t Au
High-
Grade
Gold
13km
Trend
Fisher Exploration Camp 2019
(24 Person)
Fisher Exploration Camp 2020
42 Person
• Visible gold over 6.5m
• 7.31 g/t over 1.55m
• 3.76 g/t over 4.18m
inc. 13.72 g/t over 0.73m
• First minable intercept
above cut-off grade at
Fisher Property
• Last drill-hole completed
during 2019 program
Mac Zone North
Hole FIS 19- 035
Surface expression of the
Santoy Mine
Photo: SSR Mining
The underground expression
at the Santoy Mine
2020 Outlook/Catalysts:
• 2020 drilling ~ 12,000m at Fisher
• 4000 soil sample program planned Q 2/3
• Camp expansion to 42-person
• Large budget, fully-funded by SSRM
• Additional exploration at Leland and other
TGC projects
Share Structure
Share StructureShares Issued
Assigned OptionsWarrants
Fully Diluted
June / 202080,720,8237,635,000
20,482,773108,838,596
Tribute to
Wayne Everett Fisher
1938 – 2015
The Fisher Project is named in tribute to Wayne
Fisher who pioneered the geological
exploration of the northern Tabbernor
Region and who proved to be an
exceptionally knowledgeable and valuable
member of the Terralogic Exploration team
during his tenure. We salute you Wayne.
Project
Generator
Taiga Gold Corp.
Office Building, Cranbrook, B.C.
For more information please visit our
website at:
www.taigagold.com
Thank you for viewing our
Corporate Presentation
For more information please visit our
website at:
www.taigagold.com
Contact Information
Investor Relations:
Mike Labach
Toll Free: 1 866 Hunt Ore (866 486 8673)
Local: (250) 426 – 0749
Cranbrook, BC, Canada