Atoka_Gold_North Battle Mountain_2015

Atoka_Gold_North Battle Mountain_2015

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  AtokaGoldCorporation Atoka Gold Corporation NorthBattle Mountain Property Technical Review Revised 17 August 2015
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  2AtokaGoldCorporation North Battle MountainProperty A Carlin-type gold deposit has been defined and drill ready! The principal potential at the North Battle Mtn. project is for a large Carlin-type gold/silver deposit hosted within carbonate lithologies of the Antler Peak Limestone, the host rocks for the world-class Twin Creek (Newmont) and Turquoise Ridge (Barrick) gold deposits. Two large gold and associated arsenic, antimony, and zinc anomalies, 2,100 ft. (640 m) by 900 ft. (275 m) and 1,050 ft. (320 m) by 460 ft. (140 m), have been defined. Gold-in-rock values range from 10 to a high of 407 ppb (0.40 g/T Au). A number of gold-in-rock greater than 100 ppb Au are reported. The mineralization appears to have been controlled, in-part, by dikes that follow pre-existing N.20-40°E. trending structures. The presence of overlapping high arsenic, antimony, mercury, molybdenite, silver, lead, zinc and tungsten is very encouraging as these elements are often above or distal to a Carlin-type gold deposit. The North Battle Mtn. property is underlain by an arkosic assemblage consisting of calcareous sandstone/siltstone, shale and chert. This sequence has been intruded by mineralized (“quartz eye”) porphyry dacitic dikes and sills. Younger volcanic rocks and minor sediments were deposited over these older units. N.20-40°E-trending high-angle faults containing elevated gold, silver, arsenic, antimony, mercury, molybdenite; tungsten and zinc; barite-in-filings; brecciation; quartz veins; extreme fracturing; dikes; and abundant iron oxide formation are the controls for observed metal distribution. Gravity geophysics has been completed over part of the claim area. Data reveals a strong gravity high located along the eastern one-half of the sec. 22 claims. It is suggested that the gravity high may be caused by a mafic intrusive at depth or potential metal bearing host rocks elevated to a shallow depth. The inference of a possible mafic intrusive is extremely important as this same situation is the model for the world-class gold deposits at Barrick’s Pipeline and Cortez Hills mines. As a follow-up to gravity, a three-line CSAMT geophysical survey was completed over the gravity high. The survey identified three (3) major target areas containing potential silicification that overlay mapped structures, mineralized dikes and gold in-rock anomalies. In addition, a predominant feature clearly evident in all three CSAMT sections is a surface resistivity layer over a conductive lower layer. A possible explanation for the highly conductive layer is carbon flooding with associated graphite or clay alteration along a major thrust zone. Metal ponding below the conductive layer offers an exciting gold/silver target. Rock geochemical and gravity/CSAMT geophysical data indicate that a significant gold/silver-bearing hydrothermal system exists in the area with N.20-40°E structures as an important control. Exploration Targets Include: • Shallow open-pit gold hosted in fractured siliciclastic rocks overlying the major thrust zone • Fracture rocks adjacent to dikes and faults • Bonanza gold hosted in the Antler Peak Limestone below the thrust zone.
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  3 Atoka Gold PropertyLocation Map AtokaGoldCorporation The North Battle Mountain Property is located 14 miles north of Battle Mountain, Nevada and sits along the west side of the Sheep Creek Range.
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  4AtokaGoldCorporation Atoka Gold Corporation NorthBattle Mountain Property – Nevada The North Battle Mountain Property is surrounded by large proven GOLD deposits!
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  5 North Battle MountainClaim Outline AtokaGoldCorporation The project area is highlighted in green and encompasses 43 contiguous lode claims (~860 acres, 348 hectares).
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  6AtokaGoldCorporation Geology – GeologicMap Geologic map of the North Battle Mountain Property
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  7AtokaGoldCorporation Geology – RegionalStructural Relationships The North Battle Mtn. property is underlain by an arkosic assemblage consisting of calcareous and stone/siltstone, shale and chert, possibly equivalent to the Mississippian-Permian-age Havallah sequence. This sequence is intruded by Tertiary-age (“quartz eye”) porphyry dacitic dikes and sills. Eocene to Pliocene felsic to mafic volcanic rocks and minor sediments were deposited over these older units. High-angle faults striking E-W, N30- 60°E and N20-50°W are the key fault sets. Elevated metal values, barite in- fillings, brecciation, fracturing, intrusive dikes, and abundant iron oxide formation are associated with these.
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  8AtokaGoldCorporation Geology Visible Molybdenite, galena andsphalerite in surface rock Fault breccia or breccia pipe?
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  9AtokaGoldCorporation Geochemistry – Gold-in-Rock Twolarge gold and associated trace element anomalies; 640m long X 275m wide and 320m long X 140m wide. Gold-in-rock values range to 407 ppb (0.40 g/T) with significant overlapping values of arsenic, antimony, mercury, molybdenite, silver, lead, zinc, and tungsten. Presence of high zinc, antimony and arsenic is very encouraging as these elements are often above or distal to Carlin-type gold deposits.
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  10AtokaGoldCorporation Geochemistry – Gold-in-Rock Gold-in-rock andsage geochemistry showing target area within the red lines
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  11AtokaGoldCorporation Geochemistry – Arsenic-in-Rock Arsenic-in- rockand sage geochemistry showing target area within the red lines
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  12AtokaGoldCorporation Geophysics – RegionalGravity The North Battle Mountain Property is located along the Northern Nevada Rift structural zone: a gold belt containing at least 8 million ounces of gold.
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  13 Geophysics – ResidualGravity AtokaGoldCorporation Detailed gravity data revealed large gravity high. CSAMT data suggest three (3) major target areas of potential silicification that overlay both mapped alteration and gold-arsenic rock anomalies.
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  14AtokaGoldCorporation Geophysics - CSAMT Si= area of extremely high resistivity (silification) Alt? = area of high conductivity CSAMT line 2 over Gold-in-rock geochemistry CSAMT line 2 over Arsenic-in-rock geochemistry
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  15 Drilling – DrillTargets AtokaGoldCorporation Proximal gold skarn deposit similar to Gold Acres, Cortez and Fortitude mines. Distal gold deposit – Carlin-type, similar to Twin Creeks, Getchell, Pipeline, Cortez Hill and Phoenix mines. Three drill holes proposed (458 meters) Proposed drill holes(P1 – P3), CSAMT Line 2 & Line 3, interpretation over topography.
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  16AtokaGoldCorporation Drilling – DrillTargets Three proposed drill holes in yellow and the top of the highly conductive layer (orange) possibly due to carbon flooding with associated graphite or clay alteration (thrust). VOXLER 3D Resistivity Model and Proposed Drill Holes (looking East-Southeast)
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  17AtokaGoldCorporation Regional Controlling Structures NorthBattle Mountain Property (sec 22) along the west margin of a major ring fractureNorth Battle Mountain Property (sec 22) showing gold zones in red and controlling structures.
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  18AtokaGoldCorporation North Battle MountainProject Summary The North Battle Mountain Project is unique in many ways that lead the exploration team to believe a gold deposit is present. Important facts are: Atoka’s V.P. of Exploration, Arthur Leger, has been involved with the property since discovery in 1996. To-date over $500k+ has been expended on the property with all of the information cumulatively adding to the development of the North Battle Mountain Property and understanding the gold potential. The project is located along the Northern Nevada Rift, a major gold belt. Favorable geology has been discovered, including dikes suggesting an intrusive related gold system. Moderate-grade surface gold has been sampled with associated high arsenic, antimony, silver, thallium, selenium, molybdenite, zinc and tellurium. Geophysical data indicates a large gravity high that may represent densely altered host rocks of the Antler Formation.
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  19 Data Available UponRequest Geology Geologic Map Geochemistry Rock Chip Soil Survey Biogeochemical Survey Enzyme Leach Survey Geophysics Gravity Survey Three (3) Line CSAMT Survey Detailed Ground Magnetics 2011 43-101 Lease Terms AtokaGoldCorporation
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  20 Contacts AtokaGoldCorporation William C. Glaiser,B.Sc. President and CEO (250) 743-4035 [email protected] Arthur R. Leger, B.Sc., M.Sc., Geology, CPG V.P. of Exploration (775) 560-2856 [email protected] Dylan J. Breslin, B.Sc. V.P. of Operations (541) 480-7313 [email protected]