corporate presentation july 2020 - silverrangeresources.com€¦ · corporate presentation july...
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Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts,
projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have
been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond
the Company's control, and that future events and results may vary substantially from what the Company currently
foresees. Discussion of the various factors that may affect future results is contained in the Company's Annual Report which is
available at www.sedar.com. The Company's forward-looking statements are expressly qualified in their entirety by this
cautionary statement.
The Keg Deposit NI 43-101 disclaimer
At a 16 g/t silver cut-off, the Keg inferred resource is 39.76 million tonnes grading 30.25 g/t silver, 0.26% lead, 0.77% zinc and
0.15% copper. For further details see technical report entitled “Geology, Mineralization, Geochemical Surveys, Diamond Drilling,
Metallurgical Testing and Mineral Resources at the Keg Property” dated December 19, 2012 and amended May 27, 2013 and filed
on SEDAR.
The Mel Main Zone Deposit NI 43-101 disclaimer
The Mel Main Zone hosts an inferred resource of 5.38 million tonnes grading 6.45% zinc, 1.85% lead and 44.79% barite (BaSO4),
at a cut-off grade of 5.0% zinc-equivalent. Zinc-equivalence was calculated using metal prices of US$0.89/lb zinc and US$0.96/lb
lead and assuming 90.3% zinc recovery and 97.7% lead recovery. Further details of the estimation procedure are available in a NI
43-101 report authored by Giroux Consultants Ltd. and H. Leo King. P. Geo., dated November 12, 2014 and filed on SEDAR.
All technical information contained in this presentation pertaining to projects located in Yukon has been approved by Matthew R.
Dumala, P.Eng., a geological consultant to Silver Range Resources and qualified person for the purposes of NI 43-101.
All technical information contained in this presentation pertaining to projects located in NWT, Nunavut and Nevada has been
approved by Michael Power, P.Geo., President and C.E.O of Silver Range Resources and qualified person for the purposes of NI
43-101.
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Why Silver Range?
3
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• A focus on higher grade prospects (> 5 g/t Au) delivers more attractive high margin deposits
• Improved odds of success via a large, high quality property portfolio in Nevada, Nunavut, NWT
• Capital structure primed to reflect success: large, disciplined management stake; adequate float; and expiring warrant caps.
• Near-term catalysts for success in up-coming partner drill programs and testing of drill-ready Nevada prospects.
• Longer term success through disciplined application of the prospect generator model by an experienced technical & management team
Management and Directors
4
Mike Power, M.Sc., P.Geo. President, CEO & Director
Geologist, geophysicist and founding partner of Aurora Geosciences Ltd. Over 35 years experience mineral exploration and project generation.
Ian Talbot, B.Sc., LLB. COO
Geologist and lawyer. Practiced exclusively in mining and securities law. Former in-house counsel with BHP Billiton World Exploration Inc.
Larry Donaldson, CPA, CA.
CFO
Chartered Professional Accountant. Extensive experience in public company
audits, and in accounting and tax planning for mineral exploration companies.
Glenn Yeadon, B.Comm. LLB. Secretary and Director
Barrister and solicitor practicing primarily in the field of securities law. Partner or associate with Tupper Jonsson & Yeadon since 1983.
Richard Drechsler, B.Sc. VP, Communications
Investor relations manager; First Nations and community liaison. Worked in the mining/mineral exploration industry since 2005.
Doug Eaton, B.A., B.Sc. Director
Active in Yukon mineral exploration for over 40 years. Partner of Archer, Cathro & Associates since 1981. Recipient of the H.H. “Spud” Huestis award in 2012.
Bruce Youngman, B.Sc. Independent Director
Former President of Canplats Resources, acquired by Goldcorp for $300 million in 2010. Former President and VP of Northern Dynasty Minerals.
Bruce Kenway, CPA, CA. Independent Director
Chartered Professional Accountant and founder of Kenway Mack Slusarchuk Stewart LLP, providing wide range of audit, accounting and tax services.
Tim Termuende, P.Geo. Independent Director
Geologist with over 40 years experience in the mineral exploration industry including Cominco and Copper Canyon Resources, acquired by NovaGold in 2011. He is President, CEO and Director of Eagle Plains Resources Ltd.
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Technical Advisors
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Richard (Dick) Reid, CPG. Dick Reid is the former Chief Geologist – North America for Newmont Gold Corp. He has
over 30 years of experience in mineral exploration, evaluation and acquisitions –
particularly in Nevada
Randall (Randy) Vance, CPG
Randy Vance is currently Senior Geologist – Nevada with Hecla Mining; formerly Chief of
Technical Service with Klondex Mines and a senior geologist with Newmont. Randy has
over 30 years experience, particularly in the exploration and evaluation of epithermal gold
deposits in Nevada.
Rob Carpenter, PhD, P.Geo. Rob Carpenter founded Kaminak Gold Corp. and under his direction acquired, explored
and vended the Coffee Deposit in the Yukon to Goldcorp. He has wide experience
working throughout Nunavut and the Northwest Territories.
Rob Carne, M.Sc. , P.Geo. Rob Carne has over 40 years experience in mineral exploration throughout the Cordillera.
Former President (& now Chairman) of ATAC Resources, he lead the discovery team that
found the first Carlin style mineralization outside of Nevada – in the Yukon.
Harmen Keyser, P. Geo.
Harmen Keyser is founder, president and CEO of Precision Geosurveys, an airborne
geophysical contractor based in Vancouver B.C. In addition to extensive experience in
mineral exploration including several discoveries in the Americas, he worked with Simon
Ridgway in corporate development on Radius Gold, Northland Exploration and Cordoba
Minerals among many others. He has extensive experience in Nevada.
Lou Covello, P. Geo.
Lou Covello has over 50 years of experience in the mineral exploration industry,
particularly in the NWT and Nunavut. He founded Covello, Bryan & Associates and later
was a founding partner in Aurora Geosciences Ltd.
Roger Hulstein, P. Geo. Roger Hulstein is an experienced exploration and mine geologist who has worked in
Nevada, Yukon, B.C., Northwest Territories and Alaska for over 30 years for companies
including Kennecott Exploration, the Radius Group and Terra Mines.
Gary Vivian, M.Sc., P.Geo. Gary Vivian has over 40 years experience in mineral exploration working across Northern
Canada. A former partner in Covello, Bryan & Associates, he was a founding partner
and later President of Aurora Geosciences Ltd.
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Capital Structure
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SHARES OUTSTANDING: 81,686,040
FULLY DILUTED: 91,956,040
WORKING CAPITAL1: ~$500,000
Options/Warrants
OPTIONS $0.11-$0.25 3,745,000
WARRANTS (Expiring 2022)
$0.16 6,525,000
SILVER RANGE MANAGEMENT2 20.7%
PANARC RESOURCES 12.2%
STRATEGIC METALS LTD. 18.8%
Significant Holders (51.6%)
1 Estimate as of June 30, 2020 includes cash and marketable securities 2 Includes consultants and key employees on a partially diluted basis.
$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
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1,000,000
10,000,000
100,000,000
1,000,000,000
Market cap (9 Apr 2020)
Upside market potential?
7 (32 TSX / TSX-V listed Prospect Generators)
TSX-V:SNG
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5
3 1
14
Silver Range – Market focus
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Precious metals
Gold-copper
Copper-gold
Company incubator
Multi-commodity
SILVER RANGE
• The only prospect generator focused on high grade precious metal targets.
• Target criteria:
• > 5 gpt Au / 500 gpt Ag surface samples
• In deposit classes
generating grades > 5 gpt Au / 500 gpt Ag
[Stated corporate focus – 32 TSX / TSX-V Prospect Generators]
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1
0
20
40
60
80
100
120
140
Active Projects
A Large Property Portfolio…
9 (32 TSX / TSX-V listed Prospect Generators)
More projects More opportunities Better odds of success
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… In Safe Places
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SILVER RANGE PROJECT
LOCATIONS
Mining friendly jurisdictions rich in gold and silver
4 5 13
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Could they find something really valuable?
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SOUTH KITIKMEOT GOLD PROJECT • Dominant green fields land position in the Back River –
Lupin gold belt
• 5 M oz gold target potential
• 5 targets / > 100 km2
• Numerous high grade surface showings (10-60 g/t Au)
• Drill targets defined
TREE RIVER PROJECT • North America’s only Pilbara-style Wits 2.0 target
• Archean conglomerate-hosted gold
• Historic surface samples to 142 g/t Au.
• Regional scale trend covered by 392 km2 prospecting
permits
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Nevada Projects
12 (See SNG Project Portfolio for individual prospect details)
Skylight • Fully preserved epithermal
system • Untested high priority
Newmont target • Recent 3D IP unlocked
structure • Drill targets defined
Strongbox • Surface gold to 27 g/t • Extensive alteration zone: 40 m
@ 0.47 g/t gold • Surface placer and
underground hardrock production
• Drill targets defined
Stinson • High grade surface grabs to 248
g/t gold • Surface grades: • Two small historic mines • Key holdings in a larger district
Kawich • Epithermal gold and silver veins
with minor past production • Located on a regionally
significant structure • Silver Range grab sampling
returned 10.35 g/t gold and 430 g/t silver
Gold Chief • Carbonate-hosted
structurally controlled gold. • Historic mine production:
5000 t @ 6 g/t gold • Drill targets defined by
recent 3D IP surveys
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Cold Springs • High grade gold & silver
mineralization at surface • Known mineralization on edge
of a larger system • Drill targets defined by
geophysics
Nunavut Projects
13
TREE RIVER • North America’s only Pilbara-
style gold target • Similar to recent discoveries by
Novo Resources (Beaton) • Archean conglomerate hosted
gold with surface samples to 142 g/t Au
SOUTH KITIKMEOT GOLD PROJECT • Dominant green fields position
in the Back River / Lupin gold belt.
• 5 properties / 10,500 hectares • Numerous high grade iron-
formation hosted gold targets. • Historic drilling: 3 m @ 11.7 g/t
gold
ENNADAI-RANKIN BELT • 5 properties covering Archean
lode-gold style mineralization • Drill-ready Hard Cash project:
surface gold to 174 g/t Au / 1190 g/t Ag along a 1.4 km trend.
(See SNG Project Portfolio for individual prospect details)
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GRUMPY • High grade gold vein system • Historical non-NI 43-101
compliant resource open for expansion
• Located along the proposed Grays Bay Road
Northwest Territories Projects
14 (See SNG Project Portfolio for individual prospect details)
Cabin Lake (Royalty Interest) • 100 Kt @ 0.3 OPT
Au (historic resource)
Up Town Gold • Very high grade
surface samples (to +300 g/t Au)
• Adjoins Giant Mine
• Recent drilling
Itchen • Extensive iron
formation with numerous gold showings
• 78 km WSW of Lupin Mine
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Yukon Projects
15 (See SNG Project Portfolio for individual prospect details)
Michelle • High grade Zn-Ag • Carbonate hosted • Belt-sized prospect • Drill results include
16.75% zinc, 8.86% lead and 310 g/t silver over 18.29 m
KEG Project • 39.8 Mt @ 31.3 g/t Ag • Additional Zn, Pb, Cu • Multiple high grade
silver zones at pre-resource stage
MEL Deposit • 5.38 Mt @ 6.45%
Zn, 1.85% Pb and 44.79% BaSO4
• Recent drilling demonstrated expansion potential
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BARB Deposit • Historic non-compliant
resource estimate of 533,434 tonnes grading 102.86 g/t silver, 6.1% lead and 4.6% zinc
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Active deals versus years in business
Are they generating deals?
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30 10 20 5
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(source: company websites and corporate presentations Q120, SNG current)
Years in Business
Pro
per
ties
Un
de
r O
pti
on
Are they generating cash?
17 (Option payments, reimbursed exploration & interest / Most recent annual financial statements as of Apr. 15 2020 (SEDAR))
30 10 20 5
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Years in Business
$50,000
$500,000
$5,000,000
$50,000,000
Revenue versus years in business
Is my money going into the ground?
18
(G&A less non-cash accruals / Most recent annual financial statements as of Apr. 15 2020 (SEDAR) )
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$310,895
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000Annual cash expense
Is there more to come?
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Based on property deals in good standing at June 30, 2020 Share payments valued at $0.05/share Projected income in CAD (1 CAD = 0.77USD)
$98,535
$195,000
$285,000
$102,500
$180,000
$565,000
$125,000
$720,000
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
2016 2017 2018 2019 2020 2021 2022 2023
Option Payments Received and Forecast
Organic Royalty Generation
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Project Name Current Optionor Royalty Advanced Royalty Payments Buy-out
Silver Range Project (Keg) Private 2% NSR* no no
Up Town Gold Rover Metals 2% NSR $50,000/yr. starting Sept. 2021 1%
Cabin Lake Rover Metals – earned in 2% NSR $20,000/yr. starting Feb. 2023 1.50%
Yuge Trifecta Gold 2% NSR no 1%
East Goldfield ATAC Resources 2% NSR no 1%
Hard Cash Canarc Resources 2% NSR no 1%
Nigel Canarc Resources 2% NSR no 1%
Hannapah Mercury Exploration 2% NSR $10,000/yr. starting Oct. 2024 1%
escalating to $20,000/yr. by 2026
*2% NSR on precious metals, 1% NSR on non-precious metals
Catalysts for near-term growth
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1. Cold Springs – Drill ready
2. Skylight – Drill ready
3. Drill targets being developed at
• East Gold Point
• Loner, Stinson & others
Cold Springs
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• WSW dipping volcaniclastic rocks
• 800 x 200 m area of low sulphidation alteration & mineralization
• Two stage silica alteration & quartz veining
Cold Springs - Mineralization
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• Initial silicification: • Veins & interstitial
silica • Widespread • > 0.1 g/t Au
• Second phase veins: • Up to 70 m long /
2 m wide • Cross-cut 1st stage • Moderately west
dipping • High grade – to 20
g/t Au & 1,770 g/t Ag
Cold Springs - Drilling
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No feeder zone beneath surface mineralization. Where is it?
Looking SE from NW corner of property Gold > 0.1 g/t intercepts shown
Cold Springs – Target model
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Geology suggests a feeder to the west
Known high grade Au / Ag mineralization
Cold Springs – Geophysical target
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Isosurface enclosing < 30 ohm-m material, cropped at 80 m depth
Skylight - Geology
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• Royston Hills
• Mid-Tertiary felsic ash flow tuff overlying Triassic carbonates & clastics
• Extensive silica caps
at higher elevations on the property
Skylight – Historic peripheral drilling
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• Newmont / Rimfire drilled 6 holes on the edge of the system
• Longest intersection: 10.67 m @ 0.490 g/t Au (RC07-03)
• Short gold hits more frequent closer to system: best -> 4.50 m @ 1.595 g/t Au (RC07-06)
• Area under silica caps remains untested.
East Gold Point - Analogs
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• Mineral Ridge Mine • Same host formation &
style of mineralization • Production to date date:
11,632,743t @ 1.87 g/t Au (697,715 oz Au)
• Weepah Deposit • Historic production
approximately 117,000 oz Au.
• Earlier half at 5.83 g/t Au
East Gold Point – Future work
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Geophysical & soil geochemical surveys, geological mapping & sampling followed by trenching & drilling proposed to trace mineralized veins.
View from American Hornsilver Shaft along property axis to Gold Point
Near term strategy
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• Seek JV partners for drill-ready projects.
• Advance to drill ready: • East Gold Point • Loner
• Continue generative work in Nevada,
Nunavut
• Growing royalty portfolio
Contact Information
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Silver Range Resources Ltd.
1016-510 West Hastings Street
Vancouver, BC, V6B 1L8
Phone: 604-687-2522
Toll Free: 1-888-688-2522
Web: www.silverrangeresources.com
Investor Relations:
Richard Drechsler
Phone: 604-687-2522
Toll Free: 1-888-688-2522
E-mail: rdrechsler@silverrangeresources.com
TSX-V:SNG
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