HIGH-GRADE EXPLORATION IN SASKATCHEWAN

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CSE: TGC

Taiga Gold Corp. (CSE: TGC) is an early-stage gold explorer focused on high-grade discovery; their flagship Project is the 34,000 ha Fisher Property which is under option to SSR Mining and adjacent to the SSRM Seabee Gold Operation (SGO), which has: 

  • Produced over 1.2 M oz Au
  • P&P Reserves 1.37 Mt @ 9.88 g/t Au
  • M&I Resources 1.97 Mt @ 10.74 g/t Au
  • Inferred Resources 2.26 Mt @ 9.29 g/t Au

REGIONAL ATTRACTION FOR INVESTORS

February 28, 2019Saskatchewan is the world’s third most attractive jurisdiction for mining investment. Saskatchewan is highly ranked for their geologic attractiveness based on legal framework, government support, community attitude towards mining, and a high-quality workforce.

“The evidence is clear—mineral deposits alone are not enough to attract precious commodity investment dollars,” said Ashley Stedman, a senior policy analyst at the Fraser Institute and study co-author. “A sound regulatory regime coupled with competitive fiscal policies is key to making a jurisdiction attractive in the eyes of mining investors.”

SURROUNDING PROPERTIES

SSRM is committed to the Seabee Gold Operation, in 2017 they budgeted a 7-year, $90 million expansion plan to boost production, cut operating costs and extend the operation’s lifespan into the mid-2020s. The original discovery of the Seabee deposit took years. By comparison, in the 3 years on the Fisher Project, SSRM has drilled a mine-grade gold intercept and made numerous new high-grade gold discoveries. In early 2020, Taiga’s option partner will have doubled the required expenditures, potentially even tripling their total spend by year’s end.

*Source: SSR Mining website. Option partner SSR Mining is continuously striving for both environmental and social excellence: their Saskatchewan operations employ a 300+ work force that includes 20% participation from local communities. 

TAIGA GOLD PARTNERS AND PROPERTIES

Created in 2018 for acquisition, Taiga Gold Corporation (CSE: TGC) holds 5 gold projects in the Seabee Gold Operation region that were spun out of Eagle Plains Resources (TSX-V:EPL) and packaged to obtain full value for those assets. The 100% Taiga Gold owned Fisher Property is under option to SSR Mining (Nasdaq/TSX: SSRM), which is funding the exploration to locate resources to  extend the life of the SGO. Three years into this option agreement, exploration work has pinpointed numerous gold discoveries along a 13km trend  of the Santoy Shear Zone, which extends directly from the high-grade Santoy Mine onto the Fisher Project. Additionally, 40km to the south of SSR Mining’s Seabee Gold Operation, Aben Resources (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) operates Taiga Gold’s Chico Gold Project.

THE HISTORY OF SSRM AND THE SEABEE GOLD OPERATION

In 2016, SSR Mining (SSRM)  acquired Claude Resources for its Seabee Gold Operation following an initial attraction to the high grades, then moved to purchase after closer examination of exploration potential. Since 1997, the SGO has produced over 1.27 million ounces of gold from the Seabee and Santoy deposits. Most recently, higher gold grade and recovery have led to the SGO’s fourth consecutive annual production record of 112, 137 ounces of gold - exceeding the top end of guidance (SSRM 2020 press release). Taiga management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

  • Production from the Seabee Gold Operation is profitable with its grades, despite being smaller in scale.
  • Seabee Gold Operation is now on a path to a larger-scale operation.
  • November 5, 2019: Record production and cash costs at the Seabee Gold Operation
    • 32,345 ounces of gold at record low cash costs of $373 per payable ounce
    • Gold recovery of 98.8% and gold feed grade of 12.39 g/t
    • Realized gold price of $1,480/oz

SSRM purchases Claude Resources for $337m

Eagle Plains spins out 5 gold properties, including the Fisher, into Taiga Gold

SSRM Drilled 21,000m over 48 holes to date

2016

Identified 13km high-grade gold trend along Santoy Shear Zone

Hole FIS 19-035:

Visible gold over 6.5m 
7.31 g/t over 1.55m
3.76 g/t over 4.18m

Expenditures exceed $7.8 million to date

2020

TAIGA GOLD'S FISHER OPTION AGREEMENT

Currently, Taiga is 100% owner of the highly prospective Fisher property. Within weeks of acquiring the SGO, SSRM and Eagle Plains entered negotiations on an option agreement on the Fisher property by which SSRM could earn up to an 80% interest in the 34,000 ha property by

•   Completing $4M in exploration expenditures and 
•   Making $3.3M in cash payments to Taiga. 

Upon formation of an SSRM/TGC Joint Venture, Taiga would be eligible to receive advance royalty payments of $100,000 annually from the JV until commencement of production. Taiga holds a 2.5% Net Smelter Return (“NSR”) royalty over most of the property which, upon payment of $1,000,000 by the joint venture, could be reduced by 1%.

Nearby Chico Gold Property highlights include the presence of a 1.5 km mineralized structural corridor, confirmed by geophysical surveys, geological mapping and recent soil sample coverage. The Chico and adjacent parallel Ed and Western structural zones are splay structures related to the larger Tabbernor fault system. Despite the significant surface discoveries of gold along these structural trends, mineralization remains largely untested at depth and along strike extensions. The Tabbernor fault is a 1,500 kilometre-long regional structure traced from as far north as the Rabbit Lake uranium mine in northern Saskatchewan, to as far south as the region near the 40-million-ounce Homestake gold deposit in South Dakota. The shared proximity to the Tabbernor structure and similarities in terms of age and tectonic history to the Homestake and Seabee/Santoy deposits was the main driving force behind Aben's interest in the Chico property.

NEW GOLD DISCOVERIES ON THE FISHER PROPERTY

2019 exploration work included 7,640m drilling, 963 rock samples and 5523 soil samples identifying a 13km high-grade gold trend along the Santoy Shear Zone. 

Results are encouraging and highlighted below:

  • Hole FIS 19-035: Visible gold in drill-core assayed over 6.5m interval

i. 13.72 g/t gold over 0.73m
ii. 7.15 g/t gold over 1.55m

  • Hole FIS-19-030: returned 6.8 g/t over 1.5m
  • Hole FIS-18-021: returned 9.73 g/t Au over 0.66m
  • Numerous high-grade gold prospecting samples up to 166.8 g/t Au

1. Mac Zone

2. North Central Zone (nearest Santoy Mine)

  • Visible gold observed in quartz veins with samples up to 64 g/t Au
  • soil sampling results up to 16 g/t Au
  • 18 g/t Au grab sample coincident with a Au in soil anomaly
  • 4.3 g/t Au soil sample

August 7, 2019 Aggressive Surface Exploration Underway at Taiga Gold's Fisher Property

November 6, 2019 SSR Mining quarterly report included samples up to 166.8 g/t Gold at Fisher Property. Greenfield exploration efforts are producing better results as the team generates geological data from numerous high-grade gold occurrences identified over a 13 km trend along the Santoy Shear and North, towards the known deposit.

Tim Termuende, P.Geo., President and CEO of Taiga commented recently on the results:

“We are extremely encouraged by the results obtained to date on the Fisher Property. The presence of visible gold in drill core in the Santoy Shear/Mac showing area is an exciting development and bodes well for future exploration of the Fisher Property. The widespread, detailed geological mapping and soil geochemical coverage planned for the Fisher Property speaks both to the geological potential of the Property and to the commitment by SSRM to fund and execute effective, systematic exploration fieldwork."

SSR MINING EXPENDITURES SURPASS $7.8M, EXCEEDS $4M EARN-IN

At the Fisher Project SSR Mining has spent $7.8M based on the following:

• Tremendous blue sky exploration potential on a property  double the size of the current SGO  property

• Extremely successful early-stage exploration and drilling results

• Exploration to date has identified the Fisher Property geology and mineralization as analogous to the producing Santoy Mine

The investment community is rewarding SSRM for generating positive cash flows and rapidly growing their treasury from three operating mines in the Americas.  Extending mine life is a high priority for SSRM to get the full return on their investment. SSRM has far exceeded obligations on Taiga’s 100% owned Fisher Property. It is important to note that exploration is fully funded by the operator at no risk to TGC.

PUSHING FOR A MINERAL RESOURCE DISCOVERY

A pattern of high-grade mineralization on the Fisher Property related to the Santoy Shear Zone has been identified. An aggressive drill program testing targets identified by exploration and drilling is underway.  The 12,000m drill program will be based out of the upgraded Fisher exploration camp using 2 drill rigs.  In addition, SSRM plans to collect 4000 soil samples in 2020 to identify additional target areas.

With SSRM’s interests and investigations to date, the BIG questions are what might the future look like for Taiga and who will be a part of it?

INVEST NOW FOR THE FUTURE

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TAIGA GOLD NEWSCORPORATE PRESENTATION

3. Footprint Zone – visible gold observed in outcrop

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TAIGA GOLD CORP.

Invest Now For The Future

  • 3.76 g/t gold over 4.2 meters, including peak assays of

Underground workings at the SGO

SSR Mining headframe at Seabee Gold Operation, Saskatchewan

Fisher Project option agreement with SSRM

NEW GOLD DISCOVERIES ON THE FISHER PROPERTYSURROUNDING PROPERTIESSSR MINING EXPENDITURES SURPASS $7.8M, EXCEEDS $4M EARN-IN

Tim Termuende, CEO of Taiga Gold Corp. at the Metals Investor Forum in Jan 2020

TAIGA GOLD'S FISHER OPTION AGREEMENT