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North American Focused Project Generator Key Projects and Investments – April 2017 TSX.V: EDG

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Page 1: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

North American Focused

Project Generator

Key Projects and Investments – April 2017

TSX.V: EDG

Page 2: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

The information contained herein, while obtained from sources which we believe are reliable, is

not guaranteed as to its accuracy or completeness. The company is an exploration stage mineral

resource exploration company and none of its mineral projects have yet to be proven to be

economic. The contents of this presentation is for information purposes only and does not

constitute an offer to sell or a solicitation to purchase any securities referred to herein.

Forward-looking Statements

This presentation contains “forward-looking information” within the meaning of applicable

Canadian securities regulations. All statements other than statements of historical fact herein,

including, without limitation, statements regarding the company’s plans, goals or objectives and

future exploration, development, potential mineralization, exploration results and future plans are

forward-looking statements that involve various risks and uncertainties. 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. Readers are advised not to

place an undue reliance on forward-looking statements.

Corporate Disclosure

Page 3: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Shares Issued effective Mar 31, 2017: 101,085,700

Fully Diluted effective Mar 31, 2017: 143,198,814

52 Week Low – High: $0.03 – $0.09

Market Capitalization (Mar 31, 2017): $8.1 Million

Warrants Outstanding (@ $0.05 and $0.12): 35,263,114

Options Outstanding (between $0.05 and $0.10): 6,850,000

Insiders own over 60%

Share Structure

Page 4: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

ROBERT T. BOYD, President, CEO & Director

• Senior mining executive with 40 years of experience in exploration, executive-level management, corporate finance and corporate governance.

• Serves on several corporate and industry association Boards. • Former President, CEO, and Director of Ashton Mining of Canada Inc. &

Athabasca Potash Corporation. • Former VP Exploration for Homestake Canada. • Member of the Association of Professional Engineers and Geoscientists of

B.C., the Society of Economic Geologists, and a fellow of the Geological Association of Canada and Gemmological Associations of Great Britain and Canada.

TERESA CHENG, CFO & Corporate Secretary • Former CFO at Atna Resources Ltd. • Over 20 years in the mineral exploration industry. • Strong familiarity with financial and regulatory requirements.

Management & Directors

Page 5: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

H. ROSS ARNOLD, Director Atlanta based venture capitalist and investor. Founder and majority owner of Quest Capital Corp., which

owns a majority or controlling interest in more than 15 companies, with annual revenues in excess of

US$400 million.

RICHARD GILLIAM, Director President of Cumberland Development Company (a private LLC and investment company). Former

President, Founder and largest shareholder of Cumberland Resources Corporation, a privately owned

coal mining company that produced about 8 m tons of coal per year in eastern North America. In 2010,

Cumberland was purchased for US$960 million in cash and shares.

J. CHRISTOPHER MITCHELL, Director A metallurgist whose career in the mining industry spans more than four decades Previously served as a

director of First Point Minerals Corp. Orvana Minerals and Delta Gold. Also previously served as CFO

for Canterra Minerals Corporation and Independence Gold Corp. (formerly Silver Quest Resources).

Former Sr. Vice President of Viceroy Resources Corp. and Executive Vice President and CFO of Orvana

Minerals Corp.

ROBERT PEASE, Director Director of Pilot Gold. Former President, CEO and Director of Sabina Gold & Silver Corporation. Former

Founder, President & CEO of Terrane Metals Corp (acquired by Thompson Creek Metals in 2010),

former Director of Richfield Ventures (acquired by New Gold Inc.). With the Placer Dome group for 25

years.

Board of Directors

Page 6: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

TSX.V: EDG

Project Investment and Royalty Locations

Page 7: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

ELEPHANT MOUNTAIN Gold (100%) – Rampart Eureka District, Alaska

• Road accessible in Central Alaska.

• Intrusive hosted Stockwork Gold. – Six priority targets over 12 kilometres

drained by placer gold bearing creeks

• South Zone - soil anomaly 1000 x 250 metres greater with Discovery Drill holes

in 2016:

• DDH 4.0 gpt gold over 4.6 metres.

• North Zone - soil anomaly with Drill Holes in 1992 and 2016:

• DDH 0.514 gpt gold over 99.4 metres and 0.4 gpt gold over 147.1 metres.

• Central Zone - Untested IP Chargeability anomaly associated with regional

structure between the North and South Zones.

• Trout Target – undrilled soil anomaly 1000 x 300 metres with grab samples up to

9.64 gpt gold.

• South Fork Target – largely untested regional structure with grab samples up to

11.98 gpt gold

• Wolverine Target - undrilled soil anomaly at least 300 x 300 metres containing

veinlets with visible gold and grab samples up to 0.97 gpt gold.

Key “Drill Ready” Project Summary

Page 8: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

INVENTUS MINING CORP (IVS-TSX.V)

• 35.5% Pardo JV interest sold for equity.

• Surface gold discoveries with values up to 40.1 gpt gold over 22.5 metres

(estimated true width 2 metres), 10.4 gpt gold over 23 metres and 5.2 gpt gold

over 140 metres (estimated true width 2 metres).

• “Paleoplacer” conglomerate analogous to Witwatersrand Basin in South Africa.

• Deal closed November 30 2016 - Received $75,000 in cash and 25.5 million

shares of Inventus Mining Corp (IVS-TSXV).

• At December 30 2016, the IVS shares had a value of $5.99 million.

GFG RESOURCES INC (GFG-TSX.V)

• 100% EDG’s Rattlesnake Hills Property sold for 1.4 million shares of GFG and

2% NSR royalty.

• The beneficial 850,000 GFG shares received valued at $1.19 million on October

21, 2016. The second tranche shares received February 7 2017 valued for an

additional $676,500 on February 28, 2017

Key Investment Summaries Projects Sold - Converted to Equity and Royalties

Page 9: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain, Alaska

Intrusive Related Gold Project

Option to Earn 100%

Page 10: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Tintina Gold Province - Alaska & Yukon

Map source: USGS Fact Sheet 2007-3061

Elephant Mountain

Page 11: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Alaska Properties – Road Accessible

Within the Yukon-Tanana

Reduced Intrusive-Related Gold District

Page 12: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Option to own 100% in three properties Remaining obligations for the two underlying deals include: 1. Elephant Property

• US$125,000 cash by December 2019

2. Trout and Wolverine Properties • US$200,000 work by December 2025, • US$180,000 cash by December 2024, • 300,000 Endurance shares by December 2022

Subject to 2% NSR with buyout of 50%.

Elephant Mountain Gold Project Eureka – Manley Hot Springs District, Alaska

Page 13: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

• 1,830 by 460 metre gold-arsenic soil anomaly at the North and South.

Encouraging “grab” samples 12.98 gpt, 5.21 gpt, 4.4 gpt & 3.02 gpt gold.

• South Zone 2015 Auger soil Drilling – Defines 1,000 x 250 metre gold-arsenic-antimony soil anomaly with values exceeding 100 ppb gold

• South Zone 2016 Discovery - 4.09 grams per tonne gold (“gpt”) over 4.6 metres

• North Zone 2016 Drilling - 0.514 gpt over 99.4 metres and 0.40 gpt over 147.1 metres in sericite altered stock work veined and fractured granodiorite

• Central Zone target - 1,370 by 460 metre IP Chargeability anomaly.

• Trout Target – 1,000 by 300 metre gold soil anomaly. Encouraging “grab” samples 9.64 gpt gold

• South Fork Target – Encouraging “grab” samples 11.98 gpt gold in 20 metre wide structure with 1,000 metre interpreted strike

Elephant Mountain Gold Project Eureka – Manley Hot Springs District, Alaska

Page 14: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project

Eureka

Rampart Yukon River

Wolverine

Trout

North & South Targets

Page 15: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Property

1992 DDH: 0.514 grams / tonne gold over 99.4 m &

2016 DDH: 0.40 grams / tonne gold over 147.1 m

Gold Bearing Placer Gravels

Elephant Mountain Gold Project

2016 Endurance DDH EL16-14 4.09 grams / tonne over 4.6 m

Page 16: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Resistivity (900 Hz.) Magnetics (Total Field)

Elephant Mountain Gold Project State of Alaska - Airborne Geophysics

2016 Endurance DDH EL16-14 4.09 grams / tonne gold over 4.6 m incl. 24.4 g/t Au over 0.91 m

0.514 grams / tonne gold over 99.4 m 0.40 grams / tonne gold over 147.1 m

0.514 grams / tonne gold over 99.4 m 0.40 grams / tonne gold over 147.1 m

Page 17: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project Geology & Rock Sampling

2016 Endurance DDH EL16-14 4.09 grams / tonne gold over 4.6 m incl. 20.4 g/t Au over 0.67 m

0.514 grams / tonne gold over 99.4 m &

0.40 grams / tonne gold over 147.1 m

Page 18: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project Gold in Rocks

Rock sampling

Confirms both

North Zone Anomaly &

South Zone Anomaly

Multiple grab samples

Exceeding 1.0 gpt gold

Up to 12.98 gpt gold

2016 Endurance DDH EL16-14 4.09 grams / tonne gold over 4.6 m incl. 20.4 g/t Au over 0.67 m

1992 DDH: 0.514 grams / tonne gold over 99.4 m &

2016 DDH: 0.40 grams / tonne gold over 147.1 m

Page 19: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project Gold in Soil

2014 & 2015

Deep auger soil samples

Confirm

South Zone Anomaly

Over 1,000 metres long

@ > 100 ppb Au

Peaking @ 320 ppb Au

2016 Endurance DDH EL16-14 4.09 grams / tonne gold over 4.6 m incl. 20.4 g/t Au over 0.67 m

1992 DDH: 0.514 grams / tonne gold over 99.4 m &

2016 DDH: 0.40 grams / tonne gold over 147.1 m

Page 20: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project South Zone – Gentle Topography

Page 21: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project South Zone Soil Anomaly (2014 and 2015)

GOLD

2016 Endurance DDH EL16-14 4.09 grams / tonne gold over 4.6 m incl. 20.4 g/t Au over 0.67 m

Page 22: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project South Zone 2016 Drill Cross Section Holes EL 16-14 & 15

Page 23: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project

North Zone DDH EL 16-13 1.5 km North of the South Zone Discovery

Page 24: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project North Zone 2016 Drill Cross Section Hole EL 16-13

Page 25: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

• Cretaceous aged reduced Intrusive-hosted Gold system.

• Five intrusive hosted target areas with confirmed gold over

a twelve (12) kilometre trend – open to expansion.

• Significant structural preparation in the Elephant trend.

• South Zone target at 1 km x 250 m requires step-out drilling on the 2016 drill discovery.

• North Zone Discovery requires grid drilling on one square km target to determine higher grade feeder.

• Central Zone needs geophysics and drilling

• Trout, South Fork and Wolverine targets need expanded soil grids, prospecting and drilling.

Elephant Mountain Gold Project

Exploration and Acquisition Outcomes

Page 26: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Elephant Mountain Gold Project

The Future – Awaken the Elephant ?

• Recommendations for further work :

• Step Out Drilling at the South Zone

• Fence Drilling North Zone

• Test drilling Central Zone

• Geophysics – Magnetics, VLF & IP

• Soil Sampling at Trout, South Fork and

Wolverine Targets

Page 27: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

INVESTMENTS AND ROYALTIES

Page 28: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

www.inventusmining.com

INVENTUS MINING CORP

INVESTMENT (IVS - TSX.V)

Page 29: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Investment - Inventus Mining Corp

35.5% JV Interest exchanged for 24.5% ownership in Inventus (IVS – TSX.V)

• Deal Closed November 30 2016.

• Received $75,000 cash and 25,500,000 shares of IVS.

• Represents 24.5% ownership in IVS.

• EDG is a “Control Person”.

• Other large “insider” shareholders of IVS include Robert McEwen (Evanachan), Eric Sprott, and Osisko Royalties.

• December 30 2016 value of investment equals $5.99 million.

• Core IVS asset is the Pardo Gold property near Sudbury Ontario.

Page 30: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

IVS - Pardo Gold Project, Ontario

Geological model analogous to Witwatersrand Basin, South Africa

• Located 65 km northeast of Sudbury, Ontario.

• Road accessible.

• Covers gold-enriched PreCambrian (Huronian) basal conglomerates similar to those in the Witwatersrand Basin in South Africa, a prolific gold producing environment.

• Surface prospects with cut channel values include:

• 36.5 gpt gold over 31 metres and 28.7 gpt gold over 20 metres (estimated true width 2 metres),

• 10.4 gpt gold over 29 metres (estimated true width 2 metres),

• 5.2 gpt gold over 140 metres (estimated true width 4 metres).

Page 31: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Witwatersrand Basin vs. Huronian Basin

Page 32: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

IVS - Pardo Gold Project, Ontario 007 Zone Channel Sampling

Page 33: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

IVS Pardo Gold Project, Ontario Godzilla Zone Channel Sampling

Page 34: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

North Block

Middle Block

South Block

IVS - Pardo Gold Project, Ontario Eastern Reef Zone Channel Sampling

Page 35: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

GFG RESOURCES INC.

INVESTMENT (GFG - TSX.V)

www.gfgresources.com

Page 36: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

Investment - GFG Resources Inc. (GFG – TSX.V)

100% Interest in EDG’s Rattlesnake Property exchanged for 1.4 million GFG shares

• Deal closed with private company GFG in October 2015.

• Received US$150,000 cash and 1,400,000 shares of GFG.

• Also received 2% NSR on the former EDG claims (7,000 acres).

• GFG becomes publicly trading through RTO in October 2016.

• Endurance has swapped its portion of the Rattlesnake Hills district for equity ownership exposure to the entire district including the North Stock and Blackjack Gold Discoveries.

• On closing of the RTO - October 21, 2016 value of 850,000 beneficial shares received equals $1.19 million – Second tranche of 550,000 shares now received with an additional value of $656,500 on February 28 2017

Page 37: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

GFG - Rattlesnake Hills District, Wyoming Land Ownership

Source: GFG Resources Inc.

Page 38: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

GFG - Rattlesnake Hills District, Wyoming Regional Geology of the Granite Mountains

Ref: Technical Report, Turner, 2012 & 2014

Structure by: Kleihans, 2010

Geology by: Koehler, 2012

Page 39: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

North Stock Discovery

Overlooking the North Stock and Blackjack Discoveries

Associated with Hill-Forming Alkalic Intrusives

GFG – Rattlesnake Hills District, Wyoming

Blackjack Discovery

Page 40: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

GFG completed an exploration program on the entire district in 2016 defining several high priority targets and completed drilling on the known discoveries. GFG have completed a significant financing to fund a 2017 program of further drilling.

GFG - Rattlesnake Hills District, Wyoming Next Steps and Objectives

Page 41: North American Focused Project Generator · 2017-04-03 · • At December 30 2016, the IVS shares had a value of $5.99 million. GFG RESOURCES INC (GFG-TSX.V) • 100% EDG’s Rattlesnake

www.endurancegold.com

Suite 520 – 800 West Pender Street Vancouver, BC V6C 2V6 Canada

Telephone: 604-682-2707 Fax: 604-681-0902

Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and supervised the compilation of

the information forming the basis for this summary.