SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and...

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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

Transcript of SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and...

Page 1: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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

Page 2: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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.

Page 3: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking 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

Page 4: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

This was done to take advantage

of its healthy treasury and

technical team when the

opportunity for acquisition of

quality exploration projects was

peaking

Page 5: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

The team identified

a relatively under-

explored area in

northeastern

Saskatchewan

They weren’t

alone….

Page 6: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Weeks after

consolidating 4 large

gold exploration

properties in the

Tabbernor fault area

another company

entered the scene…..

Silver Standard

Resources

Page 7: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements
Page 8: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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

Page 9: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

SSR Mining appears to have

come to the same conclusion

as Eagle Plains and backed up

that theory with $337m.

Page 10: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Within weeks

SSR Mining

and Eagle

Plains entered

discussions

regarding an

option on the

Fisher Property

Page 11: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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%

Page 12: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements
Page 13: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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

Page 14: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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

Page 15: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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

Page 16: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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

Page 17: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements
Page 18: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Since 2016, SSR Mining has explored the Fisher

Project for new gold discovery, some highlights are:

• Q1 2020 drill program ~ 12,000m

• 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

• Previous drilling of 21,000m over 48 holes, extensive

ground-based sampling and geophysics completed by

SSRM

Page 19: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Highlights Continued:

• Structural interpretation indicates the geological setting

at Mac North is similar to the high-grade zones at the

nearby Santoy Mine Complex

• New target areas identified near border with Santoy Mine

• All-season Fisher camp upgraded from 24 to 42 person

• Cash payments received totaling $325,000 to date

• 2019 expenditures exceeded $3M, with over $8M in

exploration completed on Fisher to date, funded entirely

by SSRM

Page 20: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements
Page 21: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

• 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

Page 22: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Fisher Exploration Camp 2019

(24 Person)

Page 23: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Fisher Exploration Camp 2020

42 Person

Page 24: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

• 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

Page 25: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Surface expression of the

Santoy Mine

Page 26: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Photo: SSR Mining

The underground expression

at the Santoy Mine

Page 27: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

2020 Outlook/Catalysts:

• Winter 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

Page 28: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Share Structure

Share StructureShares Issued

Assigned OptionsWarrants

Fully Diluted

April / 202079,438,3235,500,000

20,795,273105,733,596

Page 29: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

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.

Page 30: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Project

Generator

Taiga Gold Corp.

Office Building, Cranbrook, B.C.

For more information please visit our

website at:

www.taigagold.com

Page 31: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Thank you for viewing our

Corporate Presentation

For more information please visit our

website at:

www.taigagold.com

Page 32: SSR Mining maintains the Fisher Property option and has ... · reserves, exploration results and future plans and objectives of Taiga Gold Corp. (Taiga Gold). Forward-looking statements

Contact Information

Investor Relations:

Mike Labach

[email protected]

Toll Free: 1 866 Hunt Ore (866 486 8673)

Local: (250) 426 – 0749

Cranbrook, BC, Canada