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Targeting a Large, High-Grade
Gold Discovery in Nevada
Corporate Presentation
August 2020
TSXV: DHR OTC:DCHRF Frankfurt:4GW
www.discoveryharbour.com
Disclaimers
FORWARD LOOKING STATEMENTS
This presentation by Discovery Harbour Resources Corp. (the “Company”) contains forward-looking
statements, including, in particular, statements about the Company’s plans, strategies and prospects.
These statements have been based on the Company’s current assumptions, expectations and projections
about future events. Although the Company believes that the expectations reflected in these forward-looking
statements are reasonable, the Company can give no assurance that these expectations will prove to be
correct or that results anticipated in the forward-looking statements will be achieved.
These forward-looking statements include risks and uncertainties. These risks and uncertainties include,
among other things, market conditions, industry uncertainty and other factors.
QUALIFIED PERSON
Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed
and approved the technical contents of this presentation.
TSX.V: DHR
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KEEPING IT SIMPLE: WHY DISCOVERY HARBOUR?
High grade gold in Nevada
Caldera epithermal gold project in Nevada has numerous high grade gold results In historical
shallow drill holes, surface samples and old workings.
Never drilled deep to epithermal boiling zone
Deepest historical drill hole only 194 meters, average historical drill hole <100 meters.
Need to drill to 300+ meters to intersect high grade underground potential on Caldera project.
Tight share structure
Insiders and institutions own 37% of 94.2M outstanding shares.
Planning drill program for 2020
10 priority drill sites identified from 33 targets in 8 areas on Caldera gold project.
TSX.V: DHR
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Discovery Harbour Resources (DHR.V) - Overview TSX.V: DHR
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Targeting a Large, High-Grade, Gold
Discovery in Nevada Excellent Share Structure
Shares Outstanding 94.2M
Warrants (1) (2) 78.4M
Options 2.2M
Conv.Debenture 0.7M
Fully Diluted 175.5M
1. 77.5M @ $0.10, 0.9M @ $0.150
2. 45.4%-owned by insiders, institutions & strategic investors
Richard Gilliam - Director & Strategic Investor TSX.V: DHR
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• Founder of Cumberland Resources, sold to
Massey Energy for US$960M in 2010.
• Built Cumberland Resources into major
producer.
• Cumberland employed 1,200 people at sale to
Massey Energy.
• Has been a director and major shareholder of
Discovery Harbour since it went public in 2013.
Richard Gilliam, Director (16%)
Richard Gilliam
37.4%
Other Insiders
2.2%
Institutional Ownership - 18% TSX.V: DHR
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• AlphaNorth Asset Management is a Toronto based investment manager.
AlphaNorth believes that superior long term equity returns are achievable by
exploiting inefficiencies in the Canadian small cap universe through careful
security selection. The firm combines technical analysis with both a bottom-
up and top-down strategy in the selection of investments offering the best
reward versus risk opportunities.
Richard Gilliam
37.4%
Other Insiders
2.2%
• Palisades Goldcorp is Canada's new resource focused merchant bank.
Palisades' management team has a demonstrated track record of making
money and is backed by many of the industry's most notable financiers.
With junior resource equities valued at generational lows, management
believes the sector is on the cusp of a major bull market move. Palisades is
positioning itself with significant stakes in undervalued companies and
assets with the goal of generating superior returns.
Leadership TSX.V: DHR
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Mark Fields President & CEO, Director Geologist, oversaw sale of Geodex Mineral’s key asset to Northcliff Resources
(Hunter Dickinson). Developed and built metallurgical coal mine with Pine Valley
Coal; recipient of EA Scholz award in 2012.
Richard Gilliam Director Mining entrepreneur. Founded and sold Cumberland Resources to Massey Energy
for US $960 Million.
Andrew
Hancharyk Director Corporate and securities lawyer with extensive public company experience.
Jason Cubitt Director 25 years of experience working with resource companies in various capacities as
founder, finance agent and institutional investor.
Rodney Stevens Vice President,
Interim CFO, Director Chartered Financial Analyst, former analyst with Salman Partners, extensive capital
markets experience.
Track Record of Success: Exploration to Production/M&A
2005 2010 2010-12
Pine Valley Coal
constructs first new
metallurgical coal
mine in northeast BC
in 25 years
Cumberland Resources sells
company to Massey Energy
for US$960M
Geodex Minerals forms JV, then
sells remaining 30% stake to Hunter-
Dickenson’s Northcliff Resources
Media Coverage TSX.V: DHR
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Newsletter Writer Recommendations By:
Greg McCoach
Brien Lundin
Gwen Preston
Mark Fields, President & CEO, and Rodney Stevens, Vice
President and Director, interviewing with newsletter writers
Greg McCoach and Gwen Preston
https://youtu.be/mxPAHi618_U
https://www.youtube.com/watch?v=1R4K55TxTnw
https://www.youtube.com/watch?v=mxPAHi618_U
The Caldera Property - Overview
Large land package, covering 6.5km of previously drilled near-surface vein mineralization
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THE CALDERA PROPERTY
Location
66km WNW of Tonopah, Nevada; at the intersection of two major gold trends (Walker Lane and
Northumberland); surrounded by large epithermal gold deposits: Round Mountain (18M oz Au) Tonopah
(8M oz Au), Northumberland (4M oz Au), Paradise Peak (1.2M oz Au)
Large Land Package 30 km2, 6.5km strike length of previously drilled shallow mineralization on seven zones
Stage (pre-discovery) Untested epithermal gold potential at depth with extensive near-surface shallow historical drilling;
Previous operators were searching for a large near surface, low-grade bulk-tonnage deposit
Target Large, high-grade, low sulphidation epithermal gold deposit at depth
Ownership
Option to acquire 100% interest, subject to annual advance royalty payments and a 2% retained royalty
Title transfer upon having completed US$400,000 in advance royalty payments (paid $175,000 to date)
Future advanced royalty payments: US$50,000 November 2020, US$50,000 May 2021, US$125,000
November 2021, US$150,000 November 2022 and thereafter (CPI adjusted)
The Caldera Project – Historic Work
• Extensive historical database
• 804 rock chip samples (mapped)
• Geological mapping
• Understanding of orientation of structures (WNW)
• Previous focus was discovery of shallow gold deposit
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Significant data collected on the Caldera Gold Project:
• 1,365 historical soil samples (mapped)
• 142 drill holes (mapped)
• 15,072 meters drilled; average length only 113m
• Average vertical depth less than 100m
• Deepest vertical drill hole 194m, only 3 holes >160m
vertical depth
Old prospect pit at Faustus Target Area
Rock chip sample in pit assayed 48.9 g/t Au
Veinlets in rock sample in
Gemina Target Area
The Caldera Property – High Grade Gold TSX.V: DHR
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• High grade results spread along 6.5 km strike length
• Average vertical depth: less than 100 meters
• Drilling focused on finding near surface
bulk tonnage deposits
• Never drilled below 200 meters vertical depth
Historical Drilling Highlights
Many High
Grade Rock
Samples from
Surface
Target Area Drill Hole Grade
(g/t gold)
Interval Length
Feet (Metres)
Interval Depth
Feet (Metres)
7 Adara CD07-2 2.75 10 ft (3.0m) 65-75 ft (19.8-22.9m)
9,10 Adara CD07-3 0.99 20 ft (6.1m) 250-270 ft (76.2-82.3m)
7, 9 Adara GW-10 8.33 25 ft (7.6m) 85-110 ft (25.9-33.5m)
4 Adara GW-5 0.69
37.92
5 ft (1.5m)
10 ft (3.0m)
170-175 ft and (51.8-53.3m)
335-345 ft (102.1-105.2m)
11 Barak GKL-10 0.68
0.68
1.13
0.75
10 ft (3.0m)
25 ft (7.6m)
5 ft (1.5m)
5 ft (1.5m)
50-55 ft and (15.2-16.8m)
105-130 ft and (32.0-39.6m)
220-225 ft and (67.1-68.6m)
330-335 ft (100.6-102.1m)
3 Adara GKL-16 0.48
1.44
40 ft (12.2m)
20 ft (6.1m)
260-300 ft and (79.2-91.4m)
340-360 ft (103.6-109.7m)
4 Adara EMC-14 4.11 20 ft (6.1 m) 45-65 ft (13.7-19.8m)
3 Adara EMC-8 22.4 7 ft (2.2m) 144-151 ft (43.5-45.7m)
(EOH, Ended in Mineralization)
3, 4 Adara CD07-24 9.03 5 ft (1.5m) 75-80 ft (22.9-24.4m)
27 Faustus EG-17 4.45 25 ft (7.6m) 110-135 ft (33.5-41.1m)
24 Faustus EG-26 7.36 20 ft (6.1m) 70-90 ft (21.3-27.4m)
24 Faustus EG-33 5.14 10 ft (3.0m) 30-40 ft (9.1-12.2m)
25 Electra EG-36 2.33 20 ft (6.1m) 215-235 ft (65.5-71.6m)
29 Gemina CLV-1 0.96 20 ft (6.1m) 55-75 ft (16.8-22.9m)
13, 14 Gemina CLV-2 0.58 55 ft (16.8m) 40-95 ft (12.2-29.0m)
13 Gemina GKL-35 1.09 35 ft (10.7m) 280-315 ft (85.3-96.0m)
22 Calista GN97-3 2.74 10 ft (3.0m) 145-155 ft (44.2-47.2m)
21 Calista GN97-4 3.19 5 ft (1.5m) 150-155 ft (45.7-47.2m)
19 Darius GN97-10 6.16 5 ft (1.5m) 440-445 ft (134.1-135.6m)
Selected Historical Drill Holes, Gold-in-Soil TSX.V: DHR 12
• Historical drill holes with
intercepts greater than 5 grams-
meter.
• Discovery Harbour completed
718 detailed soils in early 2020,
merged historical soil data to
provide more comprehensive soil
database.
• North to northwest structural
controls evident in structural
mapping, soil sampling, surface
rock samples, magnetic data.
Conclusions From Discovery Harbour & Historic Work TSX.V: DHR 13
Checks all boxes for a potentially large, high-
grade, preserved low sulphidation epithermal
gold deposit:
Exceptionally high grade rock chip and
drilling in vein mineralization
Historical shallow drilling along 6.5km of
structures indicates the presence of a
potentially large deposit
Near-surface drilling results, without the
presence of any base metals, likely
intercepted the low-grade silica cap of an
epithermal gold deposit at depth
Surface characteristics support interpretation
that epithermal system preserved
8 areas with 33 targets mapped, ranked and
described
Right location. Poised for Discovery.
Low Sulphidation Epithermal Gold Deposit Model TSX.V: DHR
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Low sulphidation gold deposits can host bonanza
grades in the boiling zone, multi-million ounce mines
(e.g. Midas, Sleeper, Comstock, McLaughlin, Hishikari, Cerro
Blanco, Shovelnose)
• All previous drilling was near surface, targeting a low grade
bulk tonnage deposit;
• Average vertical depth of holes: <100m
• This is too shallow to intersect the boiling zone where gold
is deposited in greatest quantity
• The boiling zone occurs between 200+ to 500 meters
depth within the precious metals horizon
• Need to go deeper!
Never Drilled to Epithermal Gold Boiling Zone
A B
Note drill hole traces left of Epithermal Model
A: Average length of historical drill holes at Caldera
B: Deepest historical Caldera hole
People on Caldera Property TSX.V: DHR 15
Mark Fields, President & CEO Mark Baknes and Alan Morris, Consulting Geologists
Going Forward
DRILL TARGETS
• Targets evaluated using multiple data sets
• 10 targets chosen in 5 separate mineralized
areas
PERMITTING
• 10 drill sites identified for permitting
• Exploration Plan of Operations submitted to
USFS.
DRILL
• Planning for Fall drill program, drill holes to 300
to 500 meters depth
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10 Drill Sites Selected from 33 Targets
KEEPING IT SIMPLE: WHY DISCOVERY HARBOUR?
High grade gold in Nevada
Caldera epithermal gold project in Nevada has numerous high grade gold results In historical
shallow drill holes, surface samples and old workings.
Never drilled deep to epithermal boiling zone
Deepest historical drill hole only 194 meters, average historical drill hole <100 meters.
Need to drill to 300+ meters to intersect high grade underground potential on Caldera project.
Tight share structure
Insiders own 37% of 94.2M outstanding shares.
Planning drill program for 2020
10 priority drill sites identified from 33 targets in 8 areas on Caldera gold project.
TSX.V: DHR
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Contact Information
Office Address Contacts
TSX.V: DHR
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Suite 1100 – 595 Howe Street
Vancouver, British Columbia
Canada V6C 2T5
www.discoveryharbour.com
Mark Fields, P.Geo., B.Comm (Hon)
President & CEO
Office: 1.604.681.3170
Rodney Stevens, CFA
Vice President, Interim CFO & Director
Office: 1.604.681.3170