A STRING OF ADVANCED GOLD EXPLORATION PROPERTIES IN NORTHERN SASKATCHEWAN

OUR INITIAL TARGET IS TO DEVELOP A MILLION OUNCES GOLD RESOURCE

____________________

Exchange Listings:


TSX-V: MAS

OTCQB: MSGCF

Frankfurt: 63G

MAS Gold Corp. - TXSV-MAS - is focused on exploration projects in Saskatchewan along the La Ronge Greenstone Belt.


MAS Gold’s holdings include the North Lake, Greywacke North, Bakos and Point gold deposits and the historically defined Elizabeth Lake copper-gold volcanic-hosted massive sulphide deposit within four properties totaling approximately 34,323 hectares.


The North Lake deposit located at the Preview-North property is estimated to contain an Inferred Mineral Resource of 18,100,000 t grading 0.85 g/t Au, hence 494,000 contained ounces of gold. The Technical Report about the updated Mineral Resource estimate will be filed in January, 2022 (see MAS Gold news release dated December 9, 2021).


The Greywacke North deposit located at the Greywacke Lake property hosts multiple known stratabound, high-grade gold-bearing zones, has an updated, combined openpit and underground Indicated Mineral Resource of 645,000 t averaging 4.90 g/t Au for 101,000 insitu ounces of gold (600,000 t at 4.89 g/t Au, and 45,000t at 5.03 g/t Au, respectively), plus a combined openpit and underground Inferred Mineral Resource of 410,000 t averaging 4.12 g/t Au for 55,000 insitu ounces of gold (35,000 t at 1.97 g/t Au, and 375,000 t at 4.33 g/t Au, respectively). The Indicated and Inferred Mineral Resources were estimated using openpit and underground cut-off grades of 0.65 g/t Au and 1.75 g/t Au, respectively. The Technical Report about the updated Mineral Resource estimate will be filed in January, 2022 (see MAS Gold news release dated December 6, 2021).


The Bakos deposit, located on the Contact Lake property that MAS Gold has an agreement to acquire (see MAS Gold news release of September 13, 2021), was first identified by Saskatchewan Mining Development Corporation (SMDC; later Cameco Corporation) exploration field crews in 1984. Operations were conducted from December 1994 until closure in December 1998. Historical production and recovery values for the entire operation included 188,185 ounces gold produced from 1,006,673 tonnes processed with a head grade of 6.16 g/t Au at a recovery rate o 95% (Leniuk, G., B. Bharadwaj, G. Alderman & R. Wyka: Cameco Corporation Contact Lake Operation, Final Report, January, 1999). The mine was shut down during low metals prices.


The Point deposit located at the Preview North property has been the subject of multiple drill campaigns dating to the 1980’s when Saskatchewan Mining and Development Corporation (SMDC; later Cameco Corporation) drilled 43 core holes. MAS Gold completed 13 additional holes in 2019, intersecting multiple high-grade intercepts including 7.0 metres grading 14.99 g/t Au from 20.0 to 27.0 metres (see MAS Gold news release dated June 25, 2019).

Current Key Projects

MAS Gold has recently completed a more intensive phase of work directed towards establishing the resource base for it “hub and spoke” mining model for its Preview-North and Greywacke projects that included:

Drilling on the Greywacke property

Objective: Upgrading the resource classifications and extending the resource to depth at Greywacke North, and exploration on the Lyons and Greywacke south zones

READ ABOUT THE LATEST DRILL RESULTS HERE

Drilling on the Preview North property

North Lake drilling

Objective: Upgrading the resource classification and testing resource extension to depth and to north

READ ABOUT THE LATEST DRILL RESULTS HERE

Point Deposit and Joe Prospect drilling and exploration work

Objective: Further definition drilling and surface geological mapping on the Point deposit and Joe prospect on the Preview North Property


EXISTING GOLD RESOURCE MODELS ON TWO DEPOSITS


Available on SEDAR:

*Technical Report and Resource Update, Greywacke Lake Project, Saskatchewan, Canada; June 1, 2016: Hrdy, Puritch & Yakimchuk + NR December 6, 2021

* Technical Report on the 2020 Minerals Resource Estimate, North Lake Project, La Ronge Gold Belt, Saskatchewan, Canada; April 10, 2020, Godden, Thomas & Tupper + NR December 9, 2021

HUB AND SPOKE MINING CONCEPT

MAS Gold’s current vision is to pursue a hub and spoke mining and processing business model.


The concept is based on the idea that the mineralized material from various satellite deposits would be co-mingled at a centrally located facility, (most likely positioned around North Lake) creating an opportunity for an efficient operation.


The highly positive preliminary metallurgy testing outcomes have been supportive of the concept.


( ___ 100% ownership …… aspirational targets)

CURRENT EXPLORATION ACTIVITIES

On August 12, 2021 MAS Gold Corp. has successfully initiated its summer drill program designed to continue testing the down dip extension of the North Lake deposit. In addition, geological and soil geochemical surveys are ongoing on areas of known occurrences on the Preview-North and Henry Lake Properties with the objective of identifying new drill targets. The current North Lake drill program is a continuation of the successful winter 2021 drilling work . READ MORE

Carousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel imageCarousel image

LATEST NEWS

"I consider the La Ronge gold belt and a lot of Saskatchewan to be very prospective" said Netolitzky. "The section, in which we are working with MAS Gold, is part of the Lower Proterozoic Trans Hudsonian Orogeny, specifically domains of island arc and sedimentary basin rocks that have been folded and re-folded, faulted and highly metamorphosed."

"What is most interesting, they resemble the kind of setting that we see in West Africa, where the Lower Proterozoic belts are considered very prospective for gold."

Excerpt from the article about Ron Netolitzky from February/March 2020 issue of the Resource World Magazine

TRANS HUDSONIAN OROGENY

SASKATCHEWAN - RATED AS NUMBER ONE PROVINCE IN THE WORLD FOR MINING INVESTMENT

Jim Engdahl, CEO of MAS Gold Corp. (TSXV: MAS), explains why the up-and-coming resource province of Saskatchewan presents a great opportunity for investors and for the company and their portfolio of advanced gold properties in La Range Gold Belt

MAS Gold Corporate Presentation 04262022.pdf

Our initial goal is to develop over a million ounces of gold resource, by consolidating resources of our portfolio properties located in a geologically potent La Ronge Gold Belt, Saskatchewan, Canada.

___________________________________

EXISTING INFRASTRUCTURE

The properties have been selected strategically to be located near existing road and other infrastructure for cost efficiency.

___________________________________

SASKATCHEWAN - WORLD'S TOP MINING JURISDICTION

The province of Saskatchewan offers mining friendly jurisdiction and the local community is supportive of our activities. Read more HERE

BUSINESS PLAN

GREYWACKE PROJECT

Potential standalone underground mining operation. A low cost processing facility envisioned to be located on site.

Positive preliminary metallurgical tests support the concept of efficient gravity recovery plans.

PREVIEW NORTH PROPERTY

Potential open pit mine at North Lake area.

Preview North area envisions a centralized processing plant where the ore of various grades from the nearby satellite deposits would be commingled for cost effective processing.

Positive preliminary metallurgical tests support the concept of efficient flotation recovery plans.

David Tupper - VP of Exploration - Presentation on Lithological and structural controls for gold mineralization at the North Lake and Greywacke North gold deposits - Geologic Open House, Saskatchewan, December 2019