The European Gold Explorer - Proactiveinvestors UK › upload › ... · The European Gold Explorer 6th April, 2017 ... Incorporated subco in Serbia and is granted licences in 2016

Medgold Resources Corp.The European Gold Explorer

6th April, 2017

Proactive One2One Natural Resources Forum

Medgold Resources Corp., April 2017

Cautionary Notes

Forward Looking Statement

This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and contentof upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and otherrelated matters. Forward-looking statements address future events and conditions and therefore involve inherent risks anduncertainties. Medgold Resources Corp.’s projects in Europe are at an early stage and all estimates and projections are based onlimited, and possibly incomplete, data. More work is required before the mineralization and the Projects’ economic aspects can beconfidently modelled. Actual results may differ materially from those currently anticipated in this presentation. No representation orprediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will besustained in future work or that the Project will otherwise prove to be economic.

Qualified Person: Under the terms of NI43-101, David Clark is Medgold’s Qualified Person.

David Clark holds BSc (Hons) and MSc degrees in geology from McGill University, Montreal, Canada, and has been involved in mineralexploration since 1999, with experience in magmatic sulphide Ni-Cu-PGE, intrusion-hosted PGE, and sediment-hosted, orogenic andepithermal precious metal deposits in Canada, USA, Mexico, and Central America. Mr Clark is a member of the Association ofProfessional Engineers and Geoscientists of British Columbia.

David Clark, Consulting Geologist to the Company, is a qualified person as defined by National Instrument 43-101 - Standards ofDisclosure or Mineral Projects and has approved the disclosure of the scientific and technical information in this presentation.

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Speaker Biography3

• A geologist with 20 years experience• Graduate from Uni. of Portsmouth in 1997• Has managed Medgold since being founded in 2011 (6 years)• Previously worked in Turkey, Ethiopia, DRC, Zambia & Tanzania• 5 years working in London on IPO/debt roadshows

Dan James, President & DirectorMedgold Resources Corp.


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Mission Statement

Strategy

Targeting early- to mid-stage exploration projects inmining-friendly jurisdictionsModel

Exploring through strategic partnerships with majormining companies

To become a leading European-focused gold explorerAim


Company History & Milestones

• Founded in 2011 as a private UK company

• Completed RTO into a listed shell company, on the TSX-v, in December 2012

• Initiated gold exploration in Portugal, Spain and Italy

• Completed acquisition of Klondike Gold (Portugal) in 2014 for 4 gold exploration projects

• Optioned the Valongo Belt projects to Centerra Gold Inc. in 2014

• Expanded Centerra option agreement to include the Boticas (Portugal) project in 2015

• Incorporated subco in Serbia and is granted licences in 2016

• Commenced Strategic Alliance with Fortuna in 2016 and Option Agreement in 2017

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Company Structure6

• Listed on the TSX-V in December 2012

• Ticker: MED-V

• Cash: CAD $2.0m

• Share Price: $0.21 (April 4, 2017)

• Market cap.: $17.7m

• Share Structure:

84,514,175 issued capital

97,897,875 fully diluted

• G&A: $30k per month

Google Finance Chart. 1 year date range

April 4, 2017


Type of Security No. of Shares Exercise Price Expiry Date Potential Dollar Value

Warrants:

1,853,700 $0.12 May 11, 2017 $222,444.00

1,900,000 $0.15 Sept. 20, 2017 $285,000.00

2,900,000 $0.15 Oct. 12, 2017 $435,000.00

SUBTOTAL 6,653,700 SUBTOTAL $987,444.00

Incentive Stock Options:

3,455,000 $0.15 Feb. 23, 2024 $518,250.00

225,000 $0.15 Feb. 12, 2025 $33,750.00

2,550,000 $0.15 June 28, 2026 $382,500.00

SUBTOTAL 6,230,000 SUBTOTAL $934,500.00

TOTAL OUTSTANDING CONVERTIBLE SECURITIES:

12,883,700

ISSUED CAPITAL: 85,014,175

FULLY DILUTED: 97,897,875

Share Structure7


The Medgold People8

Board of Directors

Simon RidgwayChairman & CEO

Founder of numerous successful resourcecompanies. Has raised close to $400m to fundprojects globally.

Dan JamesPresident

Exploration geologist with 20 years’ experience,focussed on gold, and worked and lived innumerous countries in Africa and Europe.

Ralph RushtonDirector

Geologist with over 20 years’ experience. Workedin Southern Africa, the Middle East and EasternEurope. Focuses on corporate development andIR.

Jeremy MartinDirector

Geologist with extensive South Americanexploration experience. Has been involved in theformation of various AIM-listed companiesincluding Horizonte Minerals where he is currentlyCEO.

David HallDirector

Exploration geologist with over 30 years’experience and worked in over 50 countries.Worked for large majors and founded a number ofjunior exploration companies.

Michael SkeadDirector

Exploration geologist with over 30 years’experience and responsible for multiple majorgold discoveries in Africa.

Technical Advisors

Richard SillitoeConsultant & Advisor

World-renowned economicgeologist. An economic geologicalconsultant for over 40 years and hasworked in over 70 countries. Bestknown as a porphyry-epithermalspecialist.

Brent CookAdvisor

An economic geologist and has beenworking in the exploration andmining business for over 30 years.Author of the investment letterExploration Insights.

Management

David ClarkQP & Chief Geologist

Has been involved in mineralexploration since 1999, in Canada,USA, Mexico, and Central America. Isa "Qualified Person" in accordancewith National Instrument 43-101.

Aleksander MiskovicCountry Manager - Serbia

Geochemist with a PhD from theUniversity of Geneva. Formerly anMIT postdoctoral Research Fellowand a Research Associate with UBC'sMDRU leading the Western TethyanMetallogeny Project.


European Gold Projects9

Portugal

Serbia


Serbia: Country Profile

Country Statistics

• Population: 7m

• GDP: $98b

• GDP Growth: 0.7%

• GDP per Capita: $13,700

• Royalty on Gold: 3%

• Corporation Tax: 15%

Overview

• Under-explored for gold

• Excellent exploration potential

• Mining-friendly government with active mines

• Major miners already active; Rio & Nevsun

• Recent major discovery by Reservoir Minerals

Belgrade

Nis

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Balkans Geology and Major Deposits

Serbo-Macedonian Belt- Olympias (4 Moz Au)- Skouries (3.5 Moz Au)- Perama Hill (1 Moz Au)- Ada Tepe (1 Moz Au)- Trepcha (9 Mt Pb)

Area of focused exploration

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Fortuna Strategic Alliance & JV

Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Its primary assets are the Caylloma silver mine in southern Peru and the San Jose silver-gold mine in Mexico. The company is selectively pursuing acquisition opportunities throughout the Americas and in select other areas.

• Fortuna has invested a total of CAD 3m into Medgold taking 24% of the Company

• Proceeds used for Strategic Alliance for target generation work in Serbia

• Fortuna optioned the Tlamino Project in March 2017 (covering the Barje-Liska and Karamanica prospects)

- Spending USD 3m over 3 years for 51%

- Option to spend a further USD 5m (inc. a PEA) for a total of USD 8m for 70%

• Fortuna may option a second property on same option terms as above

• Once two projects have been selected Fortuna have no further rights to projects generated

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Serbia Projects

• Focusing on the Serbo-Macedonia Belt in central and southern Serbia

• Belt is under-explored for gold yet geologically well mapped

• Targeting epithermal- and porphyry-type gold deposits

• Exploration licences issued on a first-come first-served basis

• 6 exploration licences granted and 8 applications pending issuance

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Surlica-Dukat

CrnookRadovnicaLjubata

Bistrica

Vratarnica

Breznica

Partizani

Trbusnica

Cer-Zavlaka

Donje Tlamino

Modra Stena

Kalna


Southern Serbia Licences

Barje

Liska

Karamanica

RADOVNICASURLICA-DUKAT

(Fortuna Optioned Licence)

DONJE TLAMINO


Regional geological map of the Southern Serbia Licences, showing the key prospects of Barje-Liska and Karamanica

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Regional Geology Overview15

• Primary regional feature is Crnook Dome

• Associated with the dome are low-angle regional-scale detachment faults

• Quartz-feldspar porphyry units common (small intrusions and dykes)

• Regional extension created series of detachment basins and infilled with fluvial sediments

• Mineralization is intermediate epithermal-type

• Strong association with Pb-Zn mineralization

• Mineralization is both lithologically- and structurally-controlled

• Hosted in a zone of flat-lying tectonic breccias (detachment-associated) and likely fed by high-angle basement structures

• Tlamino is emerging as a new geological model for the region.


Tlamino Geology16

Crnook Dome

Tlamino conglomerates


Tlamino Schematic Cross Section17

Schematic cross-section of the Barje-Liska prospects, Tlamino Project

BARJE

LISKA


Channel Sampling (Barje Prospect)

Channel Length (m) Au (g/t) Ag (g/t) AuEq (g/t)*

1 30 6.64 137.1 8.60

2 40 8.32 193.0 11.08

3 11 5.55 189.3 8.25

4 12 8.63 351.8 13.66

5 18 5.71 207.1 8.67

6 14.5 3.23 59.6 4.08

7 7 7.05 82.0 8.22

• Channel sampling completed in Nov. ’16

• 132 samples, average grade 8.11 g/t Au

*Gold equivalent (AuEq) calculated for gold and silver using a gold:silver price ratio of 70:1. See press release

dated January 9, 2017 www.medgoldresources.com/s/news-releases.asp

David Clark, P.Geo., is Medgold’s Qualifed Person and has approved the disclosure of technical information

in this document

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http://www.medgoldresources.com/s/news-releases.asp


Historical Drilling (Liska Prospect)19

• Historical drilling, completed in the 1970s, demonstrates low-angle Pb-Zn mineralization

• Conceptually fits with Medgold’s geological model of detachment-controlled mineralization

• Mineralization is open to NE, towards Barje prospect

Long-section of the Liska prospects, Tlamino Project, showing low-angle Pb-Zn mineralization (pink)

The drilling data and illustration is historical and provided for information purposes. Medgold has not completed sufficient work to verify these results


Tlamino Project Photos20

View looking NW across the Tlamino Project showing the prospects of Barje and Liska. Mountains of the Crnook Dome in the distance

Mineralization at Barje, showing dissmeninated sulphides and veins within

a highly altered tectonic breccia


Tlamino Summary

• Targeting a low-angle replacement zone, mostly under shallow sediment cover, over a strike of 1.5 to 2km

• Mineralization at outcrop is 70m wide and approximately 30-40m high

• Grade is consistently greater than 5 g/t Au & 200 g/t Ag; locally up to 130 g/t Au & 2,000 g/t Ag

• Using abundant Pb-Zn historical data collected by the Yugoslav government

• New and evolving geological model for the region

• Medgold has a licence coverage of 500 sqkm in this locality

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Karamanica Prospect22

Barje

Liska

Karamanica

RADOVNICASURLICA-DUKAT


DONJE TLAMINO


Regional geological map of the Southern Serbia Licences, highlighting the Karamanica prospect


Karamanica Geology & Geochemistry23

Geological map of the Karamanica prospect showing grid-soil geochemistry

• Prospect located approx. 30km to the NW from Liska-Barje prospect

• Large-scale gold-in-soil anomaly identified

• Associated with low-angle detachment fault

• Mineralization structurally-controlled and associated with carbonate-replacement

• Evolving geological model for the area

Carbonate units

0 500m


Serbia 2017 Program Highlights

Tlamino Project (Option Agreement with Fortuna)

• May: Ground geophysics (IP and MAG)

• July-August: Diamond drilling (approx. 2,500m)

Serbia-wide Exploration (Strategic Alliance with Fortuna)

• Target generation and licence acquisition

• On-going reconnaissance, mapping, and grid-soil sampling key prospects

• Aim to generate a quality second project for Fortuna to option

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Serbia – Conclusions

• A world-class exploration jurisdiction, within a world renown and metal-endowed belt

• Within a year Medgold has ‘set up shop’ in Serbia, identified a series of significant prospects, and secured significant and long-term financing with a major partner

• Exploration fully-funded by Fortuna Silver Mines

• Strategic Alliance (Serbia-wide exploration)

• Option Agreement (the Tlamino Project)

• 6 licences granted and 8 pending (each approx. 100 sq km)

• Developing new regional-scale geological models

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Portugal26

Country Statistics

• Population: 11m

• GDP: $289b (2015)

• GDP Growth: 1.5% (2015)

• GDP per Capita: $28,000 (2015)

• Royalty on Gold: 4%

• Corporation Tax: 25%

Overview

• Safe, pro-mining jurisdiction

• Low-cost of exploration

• Excellent infrastructure

• Under-explored with significant exploration potential

• Targeting orogenic gold deposits

Porto

Lisbon

Boticas

Lagares

Marrancos

Projects

• Boticas

• Lagares

• Marrancos


Centerra JV

Drilling at Lagares (2015)

• Boticas and Lagares projects optioned to Centerra

• Terms

– Option to earn 51% by spending $3m over 3 years

– Option to earn a further 19% by spending $3m over 2 years

– TOTAL: 70% for $6m over 5 years.

• Centerra vested their 51% in January 2017

• Awaiting decision from Centerra on proposed next steps

Centerra Gold Inc. is a mid-tier gold producer,with a market capitalization of $1.5b, whichowns and operates the Kumtor Mine in theKyrgyz Republic. Kumtor produces 570k oz Auper annum

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Company Outlook

• Strong focus on Serbia for 2017-2018

• IP survey and drilling planned for Tlamino Project, Serbia

• On-going target generation and licence acquisitions in Serbia

• Continuing exploration on a fully-funded basis and maintaining minimum equity dilution

• Currently reviewing new European jurisdictions, within the Tethyan Belt and beyond

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Contact Details

[email protected]: +44 7972 579188 (UK)Vancouver Head Office: +1 604 801 5432

www.medgoldresources.comA Gold Group Company

Dan JamesPresident

Medgold Resources Corp.

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mailto:[email protected]

http://www.medgoldresources.com

Documents

The European Gold Explorer - Proactiveinvestors UK › upload › ... · The European Gold Explorer 6th April, 2017 ... Incorporated subco in Serbia and is granted licences in 2016