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TSX.V: GN WWW.OSPREYGOLD.COM
JANUARY2017TSX.V:GN
RediscoveringNovaScotia'sPastProducingGoldMines
TSX.V: GN WWW.OSPREYGOLD.COM
Forward-LookingStatements
Thispresentationmayincludecertainforward-lookinginformationwithinthemeaningofapplicableCanadiansecuritieslawsconcerningthefutureperformanceofourbusiness,itsoperationsanditsBinancialperformanceandcondition,aswellasmanagement’sobjectives,strategies,beliefsandintentions.Forward-lookinginformationisfrequentlyidentiBiedbysuchwordsas“may”,“plan”,“expect”,“anticipate”,“estimate”,“intend”andsimilarwordsreferringtofutureeventsandresults.Forward-lookinginformationisbasedonthecurrentopinionsandexpectationsofmanagement.Allforward-lookinginformationisinherentlyuncertainandsubjecttoavarietyofassumptions,risksanduncertainties,includingthespeculativenatureofmineralexplorationanddevelopment,Bluctuatingcommodityprices,changesinexchangerates,competitiverisks,changesinprojectparametersasplanscontinuetobereBinedandtheavailabilityofBinancing,allasdescribedindetailinanyrecentsecuritiesBilingsavailableatwww.sedar.com.Thispresentationisbasedonpublicallydisclosedinformationanddoesnotformapartofanyofferofsecurities,orconstituteasolicitationofanyoffertopurchaseorsubscribeforsecurities.Therecanbenoassurancethatforward-lookinginformationwillprovetobeaccurateandactualeventsorresultsmaydiffermateriallyfromthoseprojectedintheforward-lookinginformationandwecautionagainstplacingunduereliancethereon.TechnicalaspectsofthispresentationhavebeenreviewedandapprovedbytheQualiBiedPerson,BrandonMacdonaldP.Geo.,herebydesignatedasaQPunderNationalInstrument43-101.Allresourceestimatesquotedhereinarebasedonpriordataandreportsobtainedandpreparedbypreviousoperators.TheCompanyhasnotcompletedtheworknecessarytoverifyresults.TheCompanyisnottreatingthehistoricmineralresourceestimatesasNI43-101deBinedresourcesveriBiedbyaqualiBiedperson.Thehistoricalestimatesshouldnotbereliedupon.
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• GoldenvilleisthelargesthistoricgoldproducerinNovaScotia,with212,300ouncesofgoldproductionpriorto1942
• HistoricNI43-101(2005)resourceof244,730ouncesinferredat14.26g/tAu,and37,012ouncesindicatedat10.76g/tAu(2g/tcutoff)
• Structureremainsopenalongstrikeandatdepth
• Under-exploredtargetareaspermissiveforexpansiondrilling
• Drillingtocommenceinsummer2017
• 3otherearlierstageprojectsintheregionwithhistoricproduction
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Overview
NOVA SCOTIA’S MOST PROLIFIC GOLD CAMP
*March 1, 2005, Mercator Geological Services Limited , “Technical Report on Mineral Resource Estimate – Acadian Gold Corporation – Goldenville Property – Guysborough County, Nova Scotia, Canada”
Share Structure- TSX.V: GN
Shares Issued & Outstanding 13,292,333
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Management&Advisors
Directors and Management Cooper Quinn, President & Director - Mr. Quinn has worked in mining and exploration since he graduated from Simon Fraser University with a degree in Earth Science. He has worked for a variety of exploration and development companies with projects in North America, Greenland, Europe, and the South PaciVic Islands. Mr. Quinn was a Senior Geologist with Underworld Resources and most recently, Lion One Metals. His experience ranges from project management to acquisitions and DD for private equity. Jeffrey R. Wilson, CEO & Director - Mr.Wilsonhas20yearsofexperienceinthemineralexplorationandmininginvestmentindustry.Hehasraised$50mthroughhiswealthofcontactsintheinvestmentcommunityincludinginstitutionalinvestors,retailbrokers, investmentbankers,mininganalystsandprivateinvestors.Duringhiscareer,Mr.Wilsonhasbeeninvolvedwithmultiplejuniorresourcecompaniesthathaveseenpro_itabletakeoversbymid-tierminingcompanies.Mr.WilsoniscurrentlyPresident&CEOofPrecipitateGoldCorp.Adrian Fleming, Chairman & Director - Mr. Fleming has over 35 years experience in the mining industry, most signiVicantly President of Underworld Resources and their White Gold Project, which was acquired by Kinross Gold for $139M. He has been a part of numerous signiVicant discoveries, including Porgera and Hope Bay Greg Beischer, P.Geo, Director - Mr.BeishercurrentlyservesasPresidentandCEOofMillrockResources,asuccessfulprojectgeneratorandhasbeeninvolvedinminingandexplorationfor30years. Advisors Perry MacKinnon, P.Geo, Advisor - Mr. MacKinnon is an experienced geologist and prospector in Nova Scotia and NewBrunswick.Hehasover30years’experienceintheminingindustry,havingworkedcontinentwideonavarietyofprojectsandlargenumberofmineralizedenvironments.
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WhyNovaScotia?
• Extensivehistoryofgoldminingandproduction
• District-scalepotentialinanunderexploredarea
• Excellentaccessandinfrastructure
• Supportivegovernmentandlocalcommunity• Verylowgeo-politicalrisk,ranking17thoutof109MiningJurisdictions
forPolicyPerception(FraserInstituteAnnualSurvey,MiningCompanies2015)
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ChartSource:VirtualMuseum
Gold Ounces Produced in Nova Scotia between 1862-2012
https://www.fraserinstitute.org/sites/default/Viles/survey-of-mining-companies-2015.pdf
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ProjectMapandDistrictGoldProducers
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• Mostadvancedprojectinportfolio– GoldRushdiscoveredin1862– HighestreportedgoldproductionofanyNScamp– Recordedhistoricproductionof212,300ozfrom551,797tonnesbetween1862and1942(11.97g/tAu)
• Exploredintermittentlyfrom1962through2014
• SamerockformationasAtlanticGold’sMRCproject
GeorgeHirchfieldGoldMine,StuartHardmanProperty,GoldenvilleGoldDistrict-1897.PhotographbyE.R.Faribault.GeologicalSurveyofCanadaPhoto#5273.
EdWilliamsLese(Lease),GoldenvilleGoldDistrictca.1905.N.S.ArchivesandRecordsManagementno.3,NegaCveN-1708.
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Goldenville,NovaScotia
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GoldenvilleHistoricResourceEstimate(2005)
Currentlyupdatingresourcetoexaminepotentialforopenpit,andtoguide2017explorationanddrilling
Resource from March 2005, TechnicalReportonMineralResourceEsCmate.AcadianGoldCorporaCon,GoldenvilleProperty,GuysboroughCounty,NovaScoCa,Canada.NI43-101
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INDICATED MINERAL RESOURCES
INFERREDMINERALRESOURCESGoldGrade
Threshold(g/t)TonnesUncut GoldGrade
Uncut(g/t)GoldGrade50g/tCut(g/t)
TotalOuncesUncut
3.5 384,596 18.78 12.38 232,242 2.0 533,739 14.26 9.64 244,730 1.0 855,025 9.43 6.54 259,257
GoldGradeThreshold(g/t)
TonnesUncut GoldGradeUncut(g/t)
GoldGrade50g/tCut(g/t)
TotalOuncesUncut
3.5 62,554 16.62 14.72 33,429 2.0 106,976 10.76 9.65 37,012 1.0 181,047 6.96 6.31 40,517
ClassiMication Mt DilutedGrade(g/tAu)
MinedAuoz's(000)
Proven Reserves 6.65 1.45 310 Probable Reserves 9.8 1.43 450 Total Proven and Probable Reserves 16.45 1.44 760
ATLANTICGOLDRESOURCE-MooseRiverConsolidated
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GoldenvilleGeologyandMineralization
• Structurallycontrolledslatebelthostedgold
• Veinhostedmineralizationcontrolledbybedding,anticlineplunge,andcrosscuttingstructures– Anticlinetrendsroughlyeast-west,dipsgentlywest
– Upto46stackedveinpackagesidenti_iedonbothlimbsoftheanticline
• Disseminatedmineralizationwithinhostslates/argillite
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• ClassicMegumaterrain-styledeposit,similartotheBendigocampinAustralia– Potentialforveiningtocontinueatdepth,similartoAustraliandeposits
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ResourceStrikePotential
Two1997drillholes3kmtowestshowgoldmineralizationinveinsandslatehostrocksincludingMit-1whichreturned:1.33g/tAuover20.2m(from
54.2mto74.4m)
Goldenville
Discovered 1861
Totalproduc;on 0.2Moz
Produc;onto300m 0.2Moz
Knowndepth 325m
Discovered 1851
Totalproduc;on 1.0Moz
Produc;onto300m 0.2Moz
Knowndepth 1200m1km
MitchellLake
Source: Nova Scotia Department of Natural Resources
Goldenville
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AcquisitionTerms
• Optiontoearn100%interestinfourprojects– Totalof90claims,or1,813hectares
• $1Moverthreeyears– $150kuponsigningde_initiveagreement
– $250katyearoneandtwo– $350katyearthree
• 2%GMRonGoldenville– 1%buybackfor$750k– Additional0.5%buybackfor$375k
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NextSteps,ContactInformation
CooperQuinnPresident
E:cooper@ospreygold.comOf_ice:(236)521-0944
ForMoreInformationTSX.V:GN
E:info@ospreygold.com
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Timeframe Objectives
Q1 – 2017 Update Goldenville’s Historic resource using new block model and bulk/surface mining methods
Q1 – 2017 Log, split, and assay core from 2014 drill program
Q1 – 2017 Detailed evaluation, target generation, and ranking on Lower Seal Harbour, Miller Lake and Gold Lake
Summer – 2017 Osprey drill program at Goldenville
Q4 – 2017 Update resource incorporating 2017 work