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| February 2020 | bluethundermining.com |
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Forward Looking StatementsThis document contains forward-looking statements that reflect the company’s current expectations regarding future events. To the extent that any statements in this document contain information that is not historical, the statements are essentially forward-looking and are often identified by works such as as “anticipates”, “intends”, “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates”, “targets”, or “believes”, or variations of, or the negatives of, such words and phrases or state that certain actions, eventsor results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Forward looking statements involve risks, uncertainties and other factors that could cause results to differ materially from those expressed or impliedby such forward-looking statements. There are many factors that could cause such differences, particularly: volatility and sensitivity to market metal process; impact of change in foreign currency exchange rates and interest rates; imprecision in reserve estimates; environmental risks including increase regulatory burdens; unexpected geological conditions; adverse mining conditions; changes in government regulations and policies, including laws and policies; failure to obtain necessary permits and approvals from government authorities; and other development and operating risks.
Whereas the company believes the assumptions underlying in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, whether or not it should be revised because of new information, future events or otherwise, unless required to do so by the applicable securities laws.
Qualified Person
John Langton, M.Sc., P. Geo., owner of JPL Geoservices, is the Qualified Person under NI 43-101 on standards of disclosure for mineral projects.
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“The Nelligan gold discovery is a potential game changer for the district
and will attract attention on our nearby Muus Project
Blue Thunder Mining has the right ingredients, in a great location and at
the right time to make amazing mineral discoveries.
We are very excited and have high expectations.”
– Chad Williams, CEO and Chairman
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GEOLOGICAL HOT SPOT• Significant amount of recent staking, consolidation, acquisitions and M&A in the Chibougamau District
• Muus Project is proximal to past producers and deposits (Joe Mann, Philibert, Chevrier) and recent exploration
success (Nelligan, Monster Lake)
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Blue Thunder Highlights
QUEBEC AMONG THE BEST JURISDICTIONS • Quebec rated fourth best mining jurisdiction in the world by the Fraser Institute (2019)
• Excellent access and infrastructure; ~55 km SSW of Chibougamau; good road access; power and rail nearby
LARGE LAND POSTION • Blue Thunder holds 100% interest in the Muus Project (~48,500 hectares), consisting of three separate blocks;
Muus, Muus East and Nisk
• Very compelling structural setting, covering ~24 km of the Guercheville Deformation Zone, host to many of the
gold deposits in the Chibougamau District
Blue Thunder Receives Final Approval from the TSX-V• Completion of an amalgamation with a Capital Pool Company (Platform Eight Capital Corp.)
• Subject to TSX-V approval, Blue Thunder to start trading on February 14, 2020 on the TSX-V under the
ticker BLUE
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Blue Thunder / Platform Eight
Transaction and Public Listing
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➢ On January 31, 2020 Blue Thunder Mining Corp. (“Blue Thunder”) and
Platform Eight Capital Corp. (“Platform”) received conditional approval
from the TSX Venture Exchange (“TSXV”) of the Qualifying Transaction1
of Platform. At the closing of the transaction, in accordance with the
amalgamation agreement dated November 28, 2019:
o Platform will acquire all issued and outstanding shares of Blue
Thunder for 26.8476 shares of Platform
o Platform will change its name to Blue Thunder Mining Inc.
o Blue Thunder Mining Inc. will commence trading with a TSXV listing
under the symbol BLUE
➢ Closing of the transaction is expected on February 14, 2020, subject to
TSXV approval
(1) As such term is defined in Policy 2.4 of the Corporate Finance Manual of the TSXV
Current Blue Thunder Share Data(as of February 14, 2020)
TSXV:BLUE
51.84 M shares outstanding4.85 M options5.25 M warrants 61.94 M fully diluted
Red Cloud Mining Capital
Inc.
Board and Management
Plethora Private Equity
Delbrook
Others35.7%
11.2%
43.5%
5.9%
3.7%
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Principle Shareholders
Muus Project - LocationMuus Project - LocationMuus Project - Location
Nelligan
MonsterLake
FentonBachelor Lake
Windfall
Barry
Chevrier
Joe MannPhillibert
Meston
Well-maintained Forestry Service gravel
road provides direct access to property
Chibougamau-Chapais Mining Camp: 3 billion pounds of copper and 4 million ounces of gold produced
Chibougamau
Chapais
Waswanipi
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1 Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources
Blue Thunder Claims
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Blue Thunder ClaimsBlue Thunder Claims
Muus East
Nisk
Muus
Blue Thunder Claims
Chibougamau
Nelligan
Chapais
Monster Lake
Chevrier
Joe MannPhillibert
Meston
Fenton
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Muus Project Geology
Muus Property
Nisk Property
Muus East Property
Note: Geology sourced from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM
website: sigeom.mrn.gouv.qc.ca
Nelligan Maiden Resource Announced October 2019
(75% IAMGOLD, 25% Vanstar)
Inferred Resource: 97Mt @ 1.0 g/t Au = 3.2Moz Au
(currently deposit is ~1 km along strike and open in most directions)
October 22, 2019 IAMGOLD Corporation News Release
Mineralization at Nelligan is Not Typical of the Abitibi
→ Gold mineralization hosted in ductile-deformed sedimentary units within the
Druillette syncline and associated with the Guercheville Deformation Zone.
→ Pervasive alteration and replacement, with disseminated mineralization (rather
than veins); this style of mineralization is not common locally.
NEW DISCOVERY AT NELLIGAN → Game-Changing Discovery
1010
Another Nelligan to be Found?
→ The Nelligan host sedimentary units and structural fabrics strike WNW towards
the Muus Property; Muus and Nelligan have similar underlying geology and
setting.
→ Regional and local structures and deformation zones are common to both
Muus and Nelligan.
HISTORICAL WORK
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• Majority of the exploration work on Muus between 1950’s and 1980’s, focused on
discrete parts of the property. Nisk and Muus East remain mostly unexplored.
• Previous work includes:
― 154 diamond-drill holes (ddh); mostly shallow and wide-spaced; anomalous drill
hole assays were often not followed-up
― Till sampling using RC drilling
― Airborne and ground geophysical surveys (magnetics, EM, VLF, IP)
― Mapping, trenching and sampling
BLUE THUNDER EXPLORATION
• Blue Thunder acquired the Muus property in 2017 and have gradually added to the
land position through staking and option agreements.
• Blue Thunder exploration includes:
― Airborne fixed wing aeromagnetic survey in early 2019, covering the original Muus
block (50-100 m spaced flight lines)
― Helicopter aeromagnetic survey (50-250 m spaced flight lines) in late 2019
covering the newly acquired ground at Muus, as well the Muus East and Nisk
properties (results pending)
― Regional prospecting/sampling and a trenching/ sampling program at prospective
Welb Showing (results pending)
Muus Property
Source: SIGEOM WEBSITE, SYSTEM D’INFORMATION GEOMINERE DU QUEBEC | CARTE INTERACTIVE
MUUS HISTORICAL TILL SAMPLING
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Clusters of till concentrate
samples ranging up to >5,000
ppm Au
Vertical Gradient of
Residual Magnetic Field
Source: SIGEOM website
Note: Muus property outline has been expanded
beyond limits depicted in this diagram
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Muus
Joe Mann Mine Historical Production (4):
1.8Moz @ 8.5 g/t Au
Chevrier Main Zone(3): Ind: 11Mt @ 1.2 g/t = 423KozInf: 6.3 Mt @ 1.3 g/t = 259Koz
Monster Lake Deposit (1): Inf: 1.1Mt @ 12 g/t = 433Koz Au
Philibert Deposit (4): 1.4Mt @ 5.3g/t = 200Koz Au
Meston Deposit (4): 1.2Mt @ 6.3g/t = 200Koz Au
Nisk
MEGATEM II MAGNETIC DATA
(1) Monster Lake NI 43-101 Technical Report, Apr 9, 2018, Prepared for Iamgold Corp and Tomagold Corp
(2) Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources
(3) Chevrier NI 43-101 Tehcnical Evaluation Report, Feb 4, 2019, Prepared for Genesis Metals Inc
(4) Historical Resource estimate - Not in compliance with NI 43-101 and should not be relied upon
(5) Sourced from Quebec Government SIGEOM website
Nelligan Deposit (2): Iamgold/Vanstar JV
Inf: 97Mt @ 1.0 g/t = 3.2Moz Au
Vertical Gradient of Residual Magnetic Field(5)
MuusEast
MUUS AIR-MAG SURVEY (Total Magnetic Intensity)(January 2019)
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Muus Property
Note: the January 2019 survey only covered a portion of the current
Muus property. During December 2019, the un-flown portions on Muus
were flown, along with Nisk and Muus East – results are pending
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SELECTED MUUS HISTORICAL SHOWINGS + GEOLOGY
Lac Bernard-South Drillhole LB-11 g/t Au over 1.6mFrom 139.3m to 140.9m
Lac Bernard WestDrillhole F1: 0.6m @ 13.6 g/t Ag From 58.2m to 58.8m
Welb8 g/t Au over 1m Channel sample
Chesbar 2-BDrillhole 150.3% Cu over 5.5mFrom 282’ to 300’
Chesbar Deposit(1)
Historic Resource14Kt @ 1.9% Cu
Lac Rane1.2% Cu + 0.4 g/t Au Over 0.5m Channel sample
Lac Des Stables0.6% Cu and 1.7 g/t AgGrab Sample
PS-32.6 g/t Au grab sample
Riverside Hole 1-A29.5 g/t Au over 0.6mFrom 379 ft to 381 ft
Drillhole VS-93-011.1 g/t Au over 0.6mFrom 57.8m to 58.4m
Lac des Vents SouthHole LDV-94.0 g/t Au over 2.0mFrom 16.6m to 18.6m
Drillhole SP-93-021.6 g/t Au over 1mFrom 23.5m to 24.5m
Drillhole LC-201.2 g/t Au over 0.4m From 66.5 to 66.9m
(1) Historical Resource estimate - Not in compliance with NI 43-101 and should not be relied upon
(2) Geology sourced from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM
website: sigeom.mrn.gouv.qc.ca
Drillhole LDV-282.3 g/t Au over 1.5mFrom 76m to 77.5m
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Muus Project: Initial Target Areas
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Muus Property
Nisk
Property
Note: Geology sourced from Quebec Government’s Ministry of Energy and Natural Resources (MERN) SIGEOM
website: sigeom.mrn.gouv.qc.ca
Muus East Property
NEXT STEPS:DEFINE HIGHEST PRIORITY DRILL TARGETS
• Compile all historical data on the Project and
incorporate with the recent airborne surveys
• Complete Artificial Intelligence and Machine Learning
using compiled Project data to assist in target definition
• 2020 Spring/summer: complete mapping/sampling
ground geophysics over prioritized targets
• 2020 Spring/summer: diamond-drilling of “best” targets
• Continue to pursue new acquisition/M&A opportunities
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• Founder and Chairman of Red Cloud
Securities
• Former CEO of Victoria Gold Corp
• Former Head of Mining Investment
Banking at Blackmont Capital
CHAIRMAN, CEO, DIRECTOR
Chad Williams
• Former VP, Research at Red Cloud Securities
• Former Manager of Corporate Development at
Victoria Gold Corp from 2010 to 2015
• Over 10 years of experience exploration geologist
in the DRC, Canada
and Indonesia
TECHNICAL ADVISOR
Edmond Thorose
• Almost 15 years of experience in all aspects of
the finance function within the mining industry
• Previously CFO of Lupaka Gold Corp. and VP
Finance at Dominion Diamond Corporation
• Has CPA (CMA) designation and is a CFA
charterholder
CHIEF FINANCIAL OFFICER
Ryan Webster
Drew Anwyll, P.Eng
PRESIDENT
• Former SVP Technical Services Detour Gold
• Former VP Operations & Mine General Manager
Detour Gold
• Over 25 years of international gold mining
experience in exploration, start-up, construction
and production in Open Pit and Underground
operations
Our Strong Management Team
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• Former VP Corporate Development at Entrée
Resources and COO at Mason Resources
• More than 30 years experience in the mining and
exploration industry with a strong background in
project management and evaluation, exploration
program design and execution, and evaluation of
M&A opportunities
Technical Consultant
Robert Cinits P.Geo
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• Operating executive with senior
management background
• Dedicated to building and transforming
organizations to drive significant growth
and value
DIRECTOR
Arv Gupta
• President of Red Cloud Securities
• Former Director in the Mining Equity Research
Group for National Bank Financial
• Over the past 20 years has worked in mining
equity research at Wellington West, Scotia Capital
and TD Securities
DIRECTOR
Paolo Lostritto
• Mining Executive and Geologist with over 30
years of experience
• At Toronto Stock Exchange from 1997 to 2005
culminating as National Leader of Mining
• Director of Aurania Resources Ltd., Almaden
Minerals Ltd and Alamos Gold Inc.
DIRECTOR
Elaine Ellingham
• Entrepreneur with 20 years of experience in
management and business development in
technology
• Areas of expertise: strategic planning, business
development, providing strategic solutions,
creating business initiative and identifying
opportunities.
DIRECTOR
Accomplished Board of Directors
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Phil Girard
• Executive Vice President and founding partner of
Haywood Capital Markets Division
• Rick spearheaded the expansion of Haywood’s
institutional accounts in the eastern US and across
Canada
• 25 Years of Capital Markets experience
DIRECTOR
Rick Paolone
CONTACT US
Blue Thunder Mining Corporation
105 King Street East
2nd Floor
Toronto, ON
M5C 1G6
info@bluethundermining.com
1-416-477-3404
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Appendix / Supplemental Slides
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Adjacent Properties
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Note: Property
boundaries of
adjacent
properties are
approximate
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