NEVA DA FOCUSED EXPLORATION. · 2020-05-04 · 6 Investor Factsheet Symbols TSXV: BARI, OTCQB:...
Transcript of NEVA DA FOCUSED EXPLORATION. · 2020-05-04 · 6 Investor Factsheet Symbols TSXV: BARI, OTCQB:...
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NEVA DA FOCUSEDEXPLORATION.
MAY 2020
TSX-V: BARI
FSE: BM5
OTCQB: BARRF
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Disclaimer
Certain statements and/or graphics in the Company’s press releases, web site information and
corporate displays, among others, constitute “forward-looking statements”. These statements are
based on information currently available to the Company and the Company provides no assurance
that actual results will meet management’s expectations. Forward-looking statements include
estimates and statements that describe the Company’s future plans, objectives or goals, including
words to the effect that the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by terms such as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “plan”, or their conditional or future forms. Since
forward-looking statements are based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results relating to, among other things, results of exploration, project development,
reclamation and capital costs of the Company’s mineral properties, and the Company’s financial
condition and prospects, could differ materially from those currently anticipated in such statements
for many reasons such as: changes in general economic conditions and conditions in the financial
markets; changes in demand and prices for minerals; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; technological and operational difficulties
encountered in connection with the activities of the Company; and other matters discussed in this
presentation. This list is not exhaustive of the factors that may affect any of the Company’s forward-
looking statements. These and other factors should be considered carefully and readers should not
place undue reliance on the Company’s forward-looking statements. The Company does not
undertake to update any forward looking statement that may be made from time to time by the
Company or on its behalf, except if required to do so by applicable securities laws. You are
cautioned not to place any undue reliance on any forward-looking statement.
Forward Looking Statements or Information Related to Exploration:
Relating to exploration, the identification of exploration targets and any implied future investigation
of such targets on the basis of specific geological, geochemical and geophysical evidence or trends
are future-looking and subject to a variety of possible outcomes which may or may not include the
discovery, or extension, or termination of mineralization. Further, areas around known mineralized
intersections or surface showings may be marked by wording such as “open”, “untested”, “possible
extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not
be construed as a certainty that mineralization continues or that the character of mineralization (e.g.
grade or thickness) will remain consistent from a known and measured data point. The key risks
related to exploration in general are that chances of identifying economical reserves are extremely
small.
Regarding disclosure of exploration information with respect to the Bolo Property and Kinsley Gold
Project refer to the Company’s current NI 43-101 Technical Reports titled: Wolverson (2018)
Technical Report on the Bolo Property, Nye County, Nevada, USA, Effective Date August 15, 2018;
and Gustin et al. (2020) Technical Report and Updated Estimate of Mineral Resources for the
Kinsley Project, Elko and White Pine Counties, Nevada, USA, Effective Date January 15, 2020.
The technical content of this presentation have been reviewed and approved by Kris Raffle, P.Geo.,
a Director of the Company and a Qualified Person as defined by National Instrument 43-101.
► "This presentation does not constitute a prospectus or public offering for financing, and no
guarantees are made or implied with regard to the success of Barrian Mining Corp. This
presentation is for informational purposes which such information is also available on
www.sedar.com. This presentation does not constitute a general advertisement or general
solicitation or an offer to sell or a solicitation to buy any securities of the Company. For
further information visit the Company's website."
►
F o r w a r d L o o k i n g S t a t e m e n t s
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Barrian Mining Corp N e v a d a G o l d & S i l v e r
Barrian Mining Corp is a junior exploration company focused on acquiring drill
proven gold and silver assets in Nevada. Barrian has entered into a definitive
agreement subject to financing to acquire the Kinsley Mountain Gold project from
Liberty Gold which is 90km to the south of the Long Canyon gold mine1. Barrian has
an earn in agreement to acquire a 75% interest in the drill permitted, proven and
highly prospective Carlin type Bolo asset located 90km northeast of Tonopah
Nevada, where a recent highly successful drill program was completed along with a
new gold discovery at depth. Barrian also has the option to acquire 100% of an
asset known as Troy Canyon which is located near Bolo. All three assets have
previous production.
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1Not necessarily indicative of mineralization on Barrian Properties
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Maximilian Sali, CEO, Director &
Founder Maximilian Sali is CEO, director and founder of the company. Mr. Sali
has been in the capital markets since 2009 managing private family
assets. He is the president of Baccarat Investments Inc., a private
company providing consulting and management services to public
companies along with investing. Mr. Sali is the former CEO, director
and founder of Defense Metals Corp. (TSXV: DEFN). Mr. Sali was
corporate development for Advantage Lithium Corp (TSXV:AAL) which
was acquired by producing lithium company Orocobre for $66 million on
February 18, 2020.
Brad Telfer, Director & Founder Brad Telfer is a director and founder of the company. He is a former
investment advisor at Woodstone Capital before it was acquired by
Haywood Securities in 2015. Mr. Telfer has a financial and accounting
background having worked for Bank of Montreal and gone to UBC for
accounting. Mr. Telfer is the owner of a private real estate investment
company. He is the son of Ian Telfer, former chairman of Goldcorp.
Ryan Cheung, CFORyan Cheung, CPA, CA, provides accounting, management, securities
regulatory compliance services to private and public-listed companies.
Mr. Cheung also serves as an officer and/or director of a number of
public-listed companies. Mr. Cheung holds a Bachelor of Commerce
degree from the University of Victoria and is a member of the Chartered
Professional Accountants of British Columbia.
Jordan Trimble, Director Jordan Trimble is currently the CEO of Skyharbour Resources (TSX.V:
SYH) and Rockridge Resources (TSX.V: ROCK). Mr. Trimble holds a
Bachelor of Science Degree with a Minor in Commerce from UBC and
he is a CFA® charter holder and serves as a director of the CFA
Society Vancouver. He has worked in the resource industry in various
roles with numerous TSX Venture listed companies specializing in
corporate finance and strategy, shareholder communications,
marketing, deal structuring and capital raising. Previously he managed
Corporate Development for Bayfield Ventures, a gold company with
projects in Ontario which was acquired by New Gold in 2010 (TSX:
NGD).
Jim Greig, Corporate DevelopmentJim Greig is currently President at Benchmark Metals Inc. a high-grade
gold and silver explorer located in the Golden Triangle with a notable
recent investment by Eric Sprott. He was Recently at Keegan
Resources Inc. as part of the mine development team advancing the 5
million ounce Esaase Gold Project in West Africa. With 25 years in the
resource sector, he brings comprehensive experience in exploration,
development and mineral production. Mr. Greig holds an MBA from the
University of Calgary and a BA Geography from Carleton University.
Toby Pierce, Director Toby Pierce, BSc., MBA, is a natural-resource executive with more than
19 years of extensive transactional and valuation experience in deal
sizes ranging from several million to $1.3 billion in value. He is the
current CEO of Tag Oil Ltd. (TSX: TAO). His body of experience,
ranging from wellsite geology to Director of Oil and Gas Institutional
Research to CEO and President, has given him a wealth of industry
knowledge and deep understanding of oil and gas operations, capital
markets, investment banking, mergers and acquisitions. He is also a
director of Benchmark Metals Inc. a high-grade gold and silver explorer
located in the Golden Triangle that trades under the symbol BNCH.V.
Kris Raffle, QP and Director Kristopher J. Raffle, B.Sc., P.Geo. serves as the Qualified Person for
the Company. Mr. Raffle is also a current director of Defense Metals
Corp. (TSXV: DEFN). Mr. Raffle is a Partner and Principal Geologist
with Edmonton-based geologic consulting firm APEX Geoscience Ltd.
Mr. Raffle has over 18 years’ North American-focused base and
precious metals exploration experience. APEX has wide-ranging
Nevada Carlin-type gold experience, including near-mine exploration at
Scorpio Gold Corp.’s Mineral Ridge Project; NI 43-101 reporting for
Battle Mountain Gold Inc.’s Lewis Project and Barksdale Capital Corp.’s
Swales Project; consulting and geological modeling for NuLegacy Gold
Corp.’s Red Hill Project; in addition to completion of multiple Mineral
Resource Estimates for Gold Standard Ventures Corp.’s Pinion, Dark
Star, and North Bullion deposits within their flagship Railroad Project.
APEX’s current Nevada activities include modelling and resource
estimation work for several projects on behalf of Waterton Global
Resource Management Inc., and Fiore Gold Ltd.’s Gold Rock Project.
Board of Directors D i r e c t o r s a n d M a n a g e m e n t
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Advisory Board S e n i o r F i n a n c i a l A d v i s o r
Cal Everett, B.Sc.
Mr. Everett is a geologist with more than 14 years of surface and underground exploration experience with
senior mining companies. He moved to the financial sector in 1990 and spent 12 years with BMO Nesbitt
Burns focused on resource equities, and seven years with PI Financial Corp. in senior resource
institutional sales and capital markets. From 2008 to 2015, he was President and Chief Executive Officer
of Axemen Resource Capital. Mr. Everett holds a Bachelor of Science degree in Economic Geology from
the University New Brunswick. Mr. Everett is currently Chief Executive Officer and president of Liberty Gold
Corp.
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Investor Factsheet6
Symbols TSXV: BARI, OTCQB: BARRF, FSE:
BM5
Shares Outstanding (as of May 3) 48,722,123 pre 2:1 consolidation
Trading Range Since IPO $ 0.095– 0.27
Share Price (HALTED DEC 2)
$ 0.13 pre 2:1 consolidation
Market Cap Pre-Financing (CAD) $ 6.3M
Cash TBD
Debt NIL
Enterprise Value (CAD) TBD
CEO Holdings Max Sali – 3.2M shares (pre)
CUSIP#
ISIN #
Transfer Agent
Legal
06851X104CA06851X1042ComputershareAFG Law LLP
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Barrian is Nevada Focused
The state of Nevada is the 5th largest gold producer, behind China,
Australia, Russia and Canada
► 5.58M oz of gold produced in 2018
► 235 million ounces of gold mined to date
► 83% of USA gold production
► Home of multiple +20 million ounce gold deposits
► Fraser Institute ranks Nevada as the best location on its investment attractiveness index
► Transparent, predictable and established permitting rules/guidelines
► Major infrastructure - over 22 processing facilities
► Recent notable success from Nevada juniors including buyouts and investments by majors
► Easily accessible assets by highways and workable all year
► 3 projects located in Nevada- Kinsley, Bolo and Troy Canyon
P r o v e n , P r o l i f i c & W o r l d C l a s s
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Barrian Mining has signed a definitive agreement to acquire the past-
producing, Carlin-type, Kinsley Mountain gold asset from Liberty Gold. Kinsley
comes with a February 2020 updated NI 43-101 resource and previous total
production of 138,000 ounces between 1995-1999 at 1.4 g/t average grade
through an ROM heap leach. The land package is 4,213 acres. Kinsley is
permitted for 2020 drilling.
Nevada Assets T h r e e P r o j e c t s
1 Kinsley Mountain
Bolo is located 90km NE of Tonopah and a recent successful 1,832m drill
program delivered some of the most significant gold intercepts of all Nevada
exploration this year proving up high-grade oxide from surface and a new high-
grade oxide discovery at depth. Land package is 3,332 acres. Bolo is permitted
for 2020 drilling.
2 Bolo
Troy Canyon is strategically located 30 minutes from Bolo with small high-
grade previous production. Land package is 1,218 acres. Geophysics are
planned for 2020.
3 Troy Canyon
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Kinsley Mountain
Project Overview
► Located in the underexplored Eastern Great Basin
– Barrian mining’s strategy is to explore off-trend in the Eastern Great Basin for oxidized heap
leachable, and high grade sulphide Carlin style deposits
– Liberty Gold has recently finished a drill program with results pending
► Carlin-style gold system located approximately 90 km from the Long Canyon deposit(1)
► Newly updated gold resource estimate published in February 2020(2)
– Indicated 418,000 ounces grading 2.63 g/t gold (4.95 million tonnes)
– Inferred 117,000 ounces grading 1.51 g/t gold (2.44 million tonnes)
– Resource expansion potential high with over 80% of the property untested by drilling
► Western Flank high grade discovery in late 2013
– Indicated resource of 302,000 ounces grading 6.11 g/t gold
► Highly unlikely that the Western Flank Zone is the only high-grade zone.
► Initial testing indicates strong sulphide metallurgical recoveries
– Testing suggests high-grade flotation + leached tails concentrate feasible
– Secret Canyon: 89 – 95% recovery, 98.6 – 312 g/t gold concentrate grade(2)
– Dunderberg: ~83% recovery, 42.0 – 52.3 g/t gold concentrate grade(2)
1Not necessarily indicative of mineralization on Barrian Properties2 "Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A.", effective
January 15, 2020 and February 4, 2020 prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L.
Simmons, MMSA under Liberty Gold's Issuer Profile on SEDAR (www.sedar.com).
1 3 8 , 0 0 0 o u n c e s p r o d u c e d a t 1 . 4 g / t b e t w e e n 1 9 9 5 - 1 9 9 9
Targeting High-Grade zones,
18.3 g/t gold over 23 metres
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PU
RC
HA
SE
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Kinsley Mountains past-producing heap leach
zone
Kinsley TermsT r a n s a c t i o n
Transaction Timeline
Year Transaction Terms
2020 USD$1.25M in cash and issue 9.9% of float post raise (1)
2021 USD$2.5M in cash
2022 USD$2.5M in shares of Barrian(2)
TotalUSD$3.75M in cash, USD$2.5 in stock, and 9.9% of
Barrian shares
Additional Terms
A bond repayment of USD$125K is due at signing as Barrian becomes the
Operator + USD200k advanced royalty paid over the payment period
Ownership
Barrian acquires Liberty Gold’s % of Kinsley Mountain (remaining minority
owned by Nevada Sunrise Gold)
1Subject to a 12 month hold period 2Subject to a 4 month hold period
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Reserves and ResourcesU p d a t e d E s t i m a t e a s o f 2 0 2 0 f o r K i n s l e y M o u n t a i n ( 1 )
Classification Zone Tonnes Grade (g/t Au) Contained Gold (ozs)
Indicated
Secret Canyon 1,540,000 6.11 302,000
Dunderberg 662,000 2.55 54,000
Oxide 2,746,000 0.70 62,000
Total Indicated 4,948,000 2.63 418,000
Inferred
Secret Canyon 313,000 3.23 32,000
Dunderberg 700 ,000 2.37 53,000
Oxide 1,425,000 0.71 32,000
Total Inferred 2,438,000 1.51 117,000
1"Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A.", effective January 15,2020 and February 4,2020 prepared by
Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under Liberty Gold's Issuer Profile on SEDAR (www.sedar.com).
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Kinsley Mountain
Dunderberg
Secret
Canyon
Sulphide
Oxide
Dunderberg
Oxide
750m looking northeast
Mixed SulphideOxide
Historic Pits
Historical main pit at Kinsley
View of Kinsley to the north
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1
0.5
1
0.5
0.2
5
2
1
1"Updated Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A.", effective January 15,2020 and February 4,2020 prepared by Michael M. Gustin, Ph.D., CPG,
Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under Liberty Gold's Issuer Profile on SEDAR (www.sedar.com).
B l u e S k y P o t e n t i a l w i t h P a s t P r o d u c t i o n a n d a 2 0 2 0 u p d a t e d N i 4 3 - 1 0 1
Historical drilling at Kinsley
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Kinsley MountainH i s t o r i c a l I n t e r c e p t s f r o m t h e S e c r e t C a n y o n S h a l e F o r m a t i o n s
Hole ID (Az, Dip)
(degrees)
From
(m)
To
(m)
Intercept1
(m)
Au
(g/t)
Au
Cut-Off
(g/t)
Hole
Depth
(m)
Zone Host Rock
PK091CA (090, -70) 159.0 161.8 2.9 1.46 0.2
291.7Western
Flank
Dunderbergand 231.5 233.8 2.3 0.71 0.2
and 255.1 291.7 36.6 8.53 0.2 Secret Cyn
Shaleincluding 276.5 284.0 7.6 29.4 5.0
PK127C2 (090, -66) 137.8 140.4 2.6 0.57 0.2
389.2Western
Flank
Dunderberg
and 233.8 236.8 3.0 0.37 0.2
Secret Cyn
Shale
and 268.8 270.4 1.5 0.68 0.2
and 276.5 318.1 41.7 6.85 0.2
incl 282.5 287.1 4.6 8.50 5.0
incl 301.0 309.5 8.5 16.3 5.0
incl 314.6 318.1 3.6 20.5 5.0
PK131C (110, -72) 229.2 232.3 3.0 0.36 0.2
398.4Western
Flank
Secret Cyn
Shale
and 247.5 249.0 1.5 0.68 0.2
and 262.7 305.4 42.7 10.5 0.2
incl 276.5 299.3 22.9 18.3 5.0
1True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths
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H i s t o r i c a l I n t e r c e p t s f r o m t h e S e c r e t C a n y o n S h a l e F o r m a t i o n s PK132C (-90) 172.8 174.3 1.5 1.46 0.2
456.9 Western Flank Secret Cyn Shale
and 249.6 303.0 53.3 7.53 0.2
incl 257.3 259.5 2.3 18.1 5.0
incl 269.4 292.3 22.9 14.9 5.0
and 324.3 331.9 7.6 4.67 0.2
incl 327.1 328.9 1.8 13.7 5.0
PK133C (270, -77) 206.3 210.9 4.6 0.46 0.2
413.6 Western Flank
Dunderberg
and 246.0 247.5 1.5 0.67 0.2
Secret Cyn Shaleand 310.0 340.0 30.0 10.6 0.2
incl 322.2 338.6 16.5 16.1 5.0
PK137C** (120 -80) 253.9 282.9 29.0 21.3 0.2
282.8 Western Flank Secret Cyn Shaleincl 259.7 264.6 4.9 46.4 5.0
incl 270.5 281.9 11.4 32.7 5.0
PK137CA3 (120, -80) 253.3 292.0 38.7 15.6 0.2 346.9 Western Flank Secret Cyn Shale
incl 259.4 281.3 21.9 26.2 5.0
PK175CA (255, -78) 189.6 197.2 7.6 0.54 0.2
398.4 Western Flank
Hamburg
and 241.4 244.4 3.0 0.75 0.2
Secret Canyonand 287.1 332.8 45.7 6.19 0.2
including 299.9 319.1 19.2 13.8 5.0
PK186C (030, -79) 212.4 226.5 14.0 1.53 0.2
422.8 Western Flank
Dunderberg
and 252.4 256.6 4.3 0.36 0.2
and 273.4 313.0 39.6 10.1 0.2
Secret Canyon Shale
incl 283.8 305.4 21.6 17.4 5.0
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Kinsley MountainP r e v i o u s O x i d e I n t e r c e p t s f r o m t h e D u n d e r b e r g S h a l e F o r m a t i o n s
Hole ID (Az, Dip)
(degrees)
From
(m)
To
(m)
Intercept1
(m)
Au
(g/t)
Au Cut-
Off
(g/t)
Hole
Depth
(m)
Zone Host Rock
PK014C (270, -50) 94.5 114.9 20.4 5.48 0.2126.5 Main Dunderberg
incl 97.5 103.0 5.5 16.43 5.0
PK001C (0, -90) 88.5 105.3 16.8 1.64 0.2 215.5 Main Dunderberg
PK002C (90, -68) 111.7 120.4 8.7 6.23 0.2
215.5 Main Dunderbergincl 117.4 120.4 3.1 12.05 5.0
and 131.7 135.0 3.4 0.33 0.2
PK003C (0, -90) 102.7 110.2 7.5 6.75 0.2282.6 Main Dunderberg
incl 107.0 110.2 3.2 13.52 5.0
PK031C (100, -85) 31.1 59.9 28.8 0.92 0.2 163.7 Main Dunderberg
1True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths
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Exploration Timeline for KinsleyP o t e n t i a l E x p l o r a t i o n P r o g r a m
Kinsley Work Program
► Drill Program: Phase 1 of 15,000m RC, 5600m core drilling, $4.15m USD (max
budget)
► Phase 1 tests and expands Racetrack, Transverse, Big Bend, Western Flank, and KN
targets
► Liberty Gold will assist Barrian in selecting drill targets
► Phase 2: 10,000m RC, 5000m core drilling, $3.1m USD (max budget)
► Phase 2 follows up on PH1 results at previous zones, adds holes in KN
► Acquisition of 4th and One ground: control district potential for Carlin-style Au
► Detailed surface geochemistry and IP survey of 4th and One ground
► Drill pioneer holes in 4th and One High Priority targets (3,000m RC, incl. in PH2)
2020
2021
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Racetrac
k
Transverse
and Secret
Spot
Big Bend
Eastern
Intersectio
n
4th and
One
LBFJ4th and
One
Southern
Jasp
Rangefront
Faults
KN
Westside
Lineament
KN
Pogonip
Anomalies
Western Flank
Zone
Expansion
2020 / 2021 Kinsley Exploration Program
Expenditure (US$) Timeframe Details Goal
Phase 1 drilling $4.0M June - Sept2 RC drills, 1 core
drill
Test high priority
targets
Phase 1 dirtwork $0.2M June- Sept 1 Excavator
Plan of Ops update $0.1MBiology and cultural
surveys
Add more targets into
the Plan of Ops
4th and One Aqc. $0.2M August LeaseAcquire southern
portion of district
Phase 2 drilling $3.0M August - November2 RC drills, 1 core
drill
Follow up PH1, test
other targets
Phase 2 dirtwork $0.2M August
Surface geochem $20K April
Soil grids in 4th and
One, follow up
mapping and rock
sampling
Define targets in
southern district
Total $7.6M
Kinsley Mountain High Priority Drill Targets
Kinsley MountainP o t e n t i a l E x p l o r a t i o n P r o g r a m 2 0 2 0 / 2 0 2 1
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BOLO
Project Overview
1Not necessarily indicative of mineralization on Barrian Properties, 2Wolverson (2018) Technical Report on the Bolo Property, Nye County, Nevada, USA, Effective Date August 15, 2018. 3The true width of mineralization is estimated to be approximately 60-70% of drilled width. The true width of the lower gold zone is
unknown
► Recently completed drilling program
► Carlin-type gold mineralization, similar to Pinson, Lone Tree/Stonehouse, and Turquoise
Ridge/Getchell(1)
► Significant exploration potential, where gold spreads into wall rocks along high-angle structures
► Widespread gold mineralization at surface, along two parallel north-south trending faults known
– Mine Fault traced for 2,750m with outcrop sampling values including 8.6 g/t gold(2)
– East Fault mapped for 2,200m with values including 4.7g/t gold(2)
► Limited drilling with excellent exploration targets and results to date
– 77 RC holes to date totaling 14,050m; including 122m of 1.2 g/t gold 3 near surface (drilled width)
including a new discovery at depth intersecting 12.2m of 3.32 g/t gold(3) from latest program and the
highest-grade intercept drilled with 13.7m of 4.97 g/t gold(3) from surface
► Located near Kinross’s Round Mountain mine which has produced over 10M ounces of gold(1)
► 3,335 Acre land package – Main access point is the Hot Creek Ranch, Nevada
H i g h G r a d e C a r l i n T y p e D e p o s i t i n N e v a d a
Targeting Resource Potential
1.33 g/t gold over 133 metres (1,2,3)
Oxide from Surface
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EA
RN
IN
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Bolo TermsE a r n - I n A g r e e m e n t T e r m s
Transaction Timeline(1)(2)
Year Transaction Terms
2019 US$0.50M in exploration and US$0.25M in shares(3)
2020 US$0.75M in exploration and US$0.25M in shares
2021 US$1.25M in exploration and US$0.25M in shares
2022 US$1.50 in exploration and US$0.25M in shares
TotalUS$4M in exploration and US$1M in shares for
50.01 % or control
Additional Terms
Barrian can elect to earn >75% for an additional US$4M in exploration for
2023 and 2024
Ownership
Barrian earns 75%
1Exploration spending and share payments can be accelerated at any time 2BLM payments are US$31,239.00 annually32019/ 2020 shares already issued and 2019 spend complete
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BOLO High Grade Gold Oxide & Silver Project
BL-19-02 85m of 1.01 g/t gold
including 32m of 2.01 g/t gold 1
BL-19-04 122m of 1.2 g/t gold and a
new discovery at 188m downhole
depth of 12.2m at 3.32 g/t gold 1
BL-19-01 84m of 1.37 g/t gold including
13.7m of 4.97 g/t gold 1 from surface
Uncle Sam Silver Zone
BL-19-09 4.6m of 148 g/t silver within a
broader zone of 74.9 g/t silver over
22.9m 1
2 0 1 9 I n t e r s e c t i o n s
1The true width of mineralization is estimated to be approximately 60-70% of drilled width. The true width of the
lower gold zone is unknown. The true width of Uncle Sam mineralization is unknown.
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BOLOH i g h G r a d e C a r l i n S t y l e D e p o s i t i n N e v a d a
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Exploration Timeline for BOLO
Summer
2019Phase 1 Bolo Work Program
► $500,000 USD work program completed which included:
► Ground IP geophysical surveys for deep penetrating 3D analysis
► Select rock geochemical sampling across anomalous areas
► 1,838-meter expansion & new target RC drilling program
► All results released to market
► New high-grade discovery near 200m depth in 2019 which remains oxide
2 0 2 0 E x p l o r a t i o n P r o g r a m2 0 2 0 E x p l o r a t i o n P r o g r a m
New Discovery Zone
3.32 g/t gold over 12.2 g/t metres (1)
1The true width of mineralization is estimated to be approximately 60-70% of drilled width. The true width
of the lower gold zone is unknown. The true width of Uncle Sam mineralization is unknown.
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Summer
2019
Completed phase 1 work program
► New drilling designed to establish depth / width extent based on
successful geophysics showing potential anomalies on depth greater
than the 2013 & 2017 drill program results
2020Phase 2
Further Drilling based on Phase 1 + Connect South
Mine Fault and Uncle Sam
► 3000m RC drill program based on results from 2019 summer program
► South Mine Fault targeting deeper gold zones
► Test continuity between South Mine Fault and Uncle Sam
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Troy Canyon
Project Overview
► High-grade gold mineralization within mesothermal quartz veins, vein breccias, and narrower sheeted vein
and stockwork zones
► 1,219 acre land package
► Quartz vein system exposed on surface over 300 meters
► Locke Mine past producer (1950’s) from limited stopping on three levels yielded 641 ounces of gold (0.35
oz/ton Au) and 660 ounces of silver (0.36 oz/ton Ag)
► Recent stope samples returned values of 47.8 g/t gold, 48.4 g/t Au, and 576 g/t gold including 229 g/t
silver(1)
► Soil geochemistry indicates several anomalous gold zones outbound of the mine area
► Drill testing required to expand the depth and strike length of mineralization
1See the Company’s September 24, 2019 News Release
A s t r a t e g i c a c q u i s i t i o n c l o s e t o B o l o
Targeting New Discovery Potential
576 g/t gold and 229 g/t silver (1)
Drill Targets in Progress
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PU
RC
HA
SE
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Troy Canyon TermsT r a n s a c t i o n T e r m s
Transaction Timeline(1)
Year Transaction Terms
2019 US$25K in cash and 625K shares of Barrian
2020 US$25K in cash and 625K shares of Barrian
Total US$50K in cash and 1.25M shares of Barrian
Ownership
100% ownership of Troy Canyon
1BLM for this year was US$3,500
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Use of Proceeds for Projects2 0 2 0 E x p l o r a t i o n P r o g r a mS o u r c e s a n d U s e s o f F u n d i n g f o r 2 0 2 0
Sources
Equity Financing CAD$10M
Total CAD $10M
Uses
Kinsley Consideration US$1.375M
Kinsley Exploration Up to US$4.15M
Bolo Exploration $0.75M
Troy Canyon Consideration US$25K
Total US$6.3M
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Appendix
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Cross section looking NE along the Kinsley NW mineralization trend
Geddes Limestone
Secret Canyon Shale
Hamburg Limestone
Hamburg Dolomite
Dunderberg Shale
Western Flank
Zone
(Secret Canyon
Shale)
Upper Pit
(Notch Peak breccias) Main Pits
(Dunderberg Shale)
Western Flank
Zone
(Dunderberg
Shale)
Kinsley Mountain Mineralization Model (Stratigraphy)
• Au mineralization hosted in multiple horizons, with stronger mineralization near high angle fault zones
• Calcareous shales with low-angle structural disruption/deformation are the best host rocks, with significant mineralization also hosted in collapse breccias in massive limestones
• Historic exploration and open pit mining focused on the upper shale unit (Dunderberg) and the brecciated limestones above it (Notch Peak)
• The lower shale unit (Secret Canyon Shale) was not explored, and Pilot Gold discovered high grade mineralization at depth in 2013
• Continuing exploration has focused on other locations where shallow mineralization had been drilled, but the lower shale wasn’t
Kinsley Mountain
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Western Flank Zone
(Secret Canyon Shale)
Mined and un-mined
shallow oxide
(Dunderberg Shale)
Racetrack
Un-mined shallow
oxide
(Dunderberg Shale)
Baja RacetrackSecret Spot
(Secret Canyon
Shale, partially
tested)
Right Spot
Un-mined
shallow oxide
Scorcher
Un-mined shallow oxide
(Dunderberg Shale)
LBFJ
Mined and un-mined
shallow oxide
(Notch Peak Breccias)
Simplified structural map and drilled mineralization, looking down
N
Currently drilled mineralization map
Kinsley Mountain Mineralization Model (Structure)
• Large-scale structures strongly influence most of the mineralization at Kinsley
• local pods of mineralization are located away from these main structures, and are possibly
related to un-recognized cross structures (Racetrack, Right Spot)
• Mineralization is strongest at intersections of these large structures, low-angle
deformation/shear horizons, and preferential stratigraphy
Kinsley Mountain
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Sparsely tested at Secret
Canyon Shale depth along
Kinsley NW Fault Zone in
the WFZ-Mine Area
Outside of the
Secret Spot
mineralized zone,
the Transverse
Fault Zone is
totally untested to
Secret Canyon
Shale
Only one Secret
Canyon test along
the entire Racetrack
Trend (1.25 g/t over
10.7m)Untested to
Secret Canyon
Shale, structural
intersection
zone
Sparsely tested
min trend
between WFZ
and Secret Spot
Secret Canyon
Shale is
untested in this
area
Claim Boundary
Simplified structural map and drilled mineralization, looking downHigh potential target map
NKinsley Mountain Exploration Potential Overview
Near Mine Focus on Untested Secret Canyon Shale Adjacent to the Large Structural
Controls
• The majority of drilling expenditure from 2011-2019 has been drilling out the Western Flank
Zone resource with tightly-spaced diamond core holes (mostly in 2014)
• 2015-2019 programs consisted of a small number of RC drill holes, stepping out on the WFZ
resource, and testing a few satellite targets
• Follow-up drilling on satellite targets has been limited by budgetary constraints
• A larger budget would allow for road construction into the more promising target zones, and
more persistent drilling to fully define the mineralization
Kinsley Mountain
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As-in-soils
Op
(Pogonip
Group)
Cnp
(Notch Peak
limestone)
NNE-striking
normal faults
Low-angle
detachment
fault
West side
As
lineament
anomaly
As
anomalies
and NNE
normal
faults
Surface Geology
Kinsley Mountain Exploration
Potential Overview
Kinsley North – Encouraging Surface
Geochemistry and Structural Patterns
• The pattern of significant, NW-striking
structures continues to the north end of
the range
• The surface is underlain by Pogonip
Group rocks, which overlie the Notch
Peak Limestone
• No drilling has been done on these
targets, but several access roads and drill
sites are permitted and ready to go
• Target horizons in the KN area include
the Dunderberg Shale, and the Pogonip-
Notch Peak contact (same host horizon
as Long Canyon)
• NNE-striking normal faults influence Au
and As in soil sample grids on the east
side of the range
• A significant, untested lineament of As-in-
soils on the west side of the range
coincides with low angle structures
Kinsley Mountain
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Kinsley Mountain
Pediment
Intersectio
n
Big Bend
Secret
Spot
Western Flank
Zone
Historic pits
and shallow
resource area
4
holes,
1600m
2 holes,
800m
3 holes,
1300m2 holes,
900m
Racetrack
Exploration Targets at Kinsley Mountain
Focus on high grade, Secret Canyon Shale-hosted
Mineralization
Targets have been approved by Dr. Moira Smith, B.Sc. PH.D.,P.GEO
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BOLOH i g h G r a d e C a r l i n S t y l e D e p o s i t i n N e v a d a
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BOLOH i g h G r a d e C a r l i n S t y l e D e p o s i t i n N e v a d a
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Troy Canyon ClaimsA s t r a t e g i c a c q u i s i t i o n c l o s e t o B o l o
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605 – 815 Hornby Street
Vancouver, BC V6Z 2E6
Office 1 604 620 8406
TF 1 855 210 4846
Contact Us
C o r p o r a t e C o n t a c t
TSX-V: BARI
FSE: BM5
OTCQB: BARRF
Maximilian Sali, CEO, Director & Founder
Karl Mansour – Paradox IR (Montreal)
1-514-341-0408 [email protected]
www.barrianmining.com