Gold In The USA, Alaskan Elephant Country: Kirill Klip GEM Royalty TNR Gold Presentation

1. Gold
Gold In The USA: Solid Values In Uncertain Times.
Kirill Klip GEM Royalty TNR Gold
January 2022
1

2. Gold Monthly Chart
Northstar: Gold – Monthly Chart.
Kirill Klip GEM Royalty TNR Gold
January 2022
2

3. Legal Disclaimer
All information about TNR Gold, NOVAGOLD and Barrick
Gold is presented using publicly available data.
Kirill Klip GEM Royalty TNR Gold
January 2022
3

4. Legal Disclaimer For The U.S.
Please read legal disclaimers. There is no investment advice in this
presentation. Always consult your qualified financial adviser before
investment decisions.
Kirill Klip GEM Royalty TNR Gold
January 2022
4

5. Gold - The Big Picture
Gold has reached a new all-time high in 2020.
Kirill Klip GEM Royalty TNR Gold
January 2022
5

6. The Green Energy Metals
Royalty & Gold Company.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
January 2022
6

7. TNR Gold Corp.
Northstar: TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
January 2022
7

8. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Location Of Major Intrusion Related Gold
Deposits”.
Kirill Klip GEM Royalty TNR Gold
January 2022
8

9. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Location Of Major Intrusion Related Gold
Deposits”.
Kirill Klip GEM Royalty TNR Gold
January 2022
9

10. Gold New All-time High 2020
Gold has reached a new all-time high in 2020.
Kirill Klip GEM Royalty TNR Gold
January 2022
10

11. Gold After New Highs
Crescat Capital: “Gold Tends to Struggle After Hitting
New Highs”.
Kirill Klip GEM Royalty TNR Gold
January 2022
11

12. Record Global Debt
Global debt is fast approaching record $300T and is
much higher than before The Great Recession of 2008.
Kirill Klip GEM Royalty TNR Gold
January 2022
12

13. Record Global Debt
Global debt is fast approaching record $300T and is
much higher than before The Great Recession of 2008.
Kirill Klip GEM Royalty TNR Gold
January 2022
13

14. U.S. National Debt Over $29 Trillion
U.S. National Debt has surpassed $29 Trillion.
Kirill Klip GEM Royalty TNR Gold
January 2022
14

15. Worse Than A War
Global debt is skyrocketing.
Kirill Klip GEM Royalty TNR Gold
January 2022
15

16. Gold & Government Debt
Crescat Capital: “Gold to Government Debt Ratio”.
Kirill Klip GEM Royalty TNR Gold
January 2022
16

17. Debt Projections
CBO: Debt projection to equal 195% of GDP
in the U.S. in 2050.
Kirill Klip GEM Royalty TNR Gold
January 2022
17

18. China Total Debt
Crescat Capital: China total debt is over 300% to GDP and
is much higher than before The Great Recession of 2008.
Kirill Klip GEM Royalty TNR Gold
January 2022
18

19. FED Balance Sheet & Funds Rate
Record FED Balance Sheet after Funds Rate cuts fighting
The Great Depression 2.0
Kirill Klip GEM Royalty TNR Gold
January 2022
19

20. FED Balance Sheet
Holger Zschaepitz: FED has expanded balance sheet to
$8.79T fighting The Great Depression 2.0
Kirill Klip GEM Royalty TNR Gold
January 2022
20

21. ECB Balance Sheet
Holger Zschaepitz: FED has expanded balance sheet to
Euro 8.5T fighting The Great Depression 2.0
Kirill Klip GEM Royalty TNR Gold
January 2022
21

22. Central Banks Balance Sheets
Holger Zschaepitz: All Central Banks have expanded
balance sheets fighting The Great Depression 2.0
Kirill Klip GEM Royalty TNR Gold
January 2022
22

23. US M2 Money Supply Increase
Crescat Capital: “US M2 Money Supply Increase”.
Kirill Klip GEM Royalty TNR Gold
January 2022
23

24. US Checkable Deposits
Crescat Capital: “US Checkable Deposits and Currency
Held”.
Kirill Klip GEM Royalty TNR Gold
January 2022
24

25. Money Supply Growth
Crescat Capital: “US vs. China Money Supply”.
Kirill Klip GEM Royalty TNR Gold
January 2022
25

26. Global Central Banks vs. Gold
Crescat Capital: “Global Central Bank Assets vs. Gold”.
Kirill Klip GEM Royalty TNR Gold
January 2022
26

27. Precious Metals & Commodities
Crescat Capital: “Precious Metals to Commodities
Ratio”.
Kirill Klip GEM Royalty TNR Gold
January 2022
27

28. U.S. Dollar
Purchasing power of the consumer U.S. Dollar.
Kirill Klip GEM Royalty TNR Gold
January 2022
28

29. U.S. Dollar In Reserves
U.S. Dollar’s share of official global reserves declines
further.
Kirill Klip GEM Royalty TNR Gold
January 2022
29

30. Gold vs. S&P 500
The price of Gold has crushed the market performance so far in
the 21st century.
Kirill Klip GEM Royalty TNR Gold
January 2022
30

31. Gold – Big Picture View
Northstar: Gold Big Picture View.
Kirill Klip GEM Royalty TNR Gold
January 2022
31

32. Gold Monthly Chart
Northstar: Gold – Monthly Chart.
Kirill Klip GEM Royalty TNR Gold
January 2022
32

33. Gold Monthly Chart
Northstar: Gold – Monthly Chart.
Kirill Klip GEM Royalty TNR Gold
January 2022
33

34. Golden Revival
Patrick Karim: Gold – Golden Revival.
Kirill Klip GEM Royalty TNR Gold
January 2022
34

35. Gold Price 1971 - 2021
Gold price per ounce: Aug. 1971 to Dec. 2020 - UP 46X.
Kirill Klip GEM Royalty TNR Gold
January 2022
35

36. Central Banks Buying Gold
Central Bank demand is the highest since Nixon closed
the Gold window.
Kirill Klip GEM Royalty TNR Gold
January 2022
36

37. Central Banks Buying Gold
US Funds: “Central Banks Have Been Net Buyers of Gold
for 11 Consecutive Years”.
Kirill Klip GEM Royalty TNR Gold
January 2022
37

38. Central Bank Gold Demand
Gold purchases by Central Banks.
Kirill Klip GEM Royalty TNR Gold
January 2022
38

39. Central Bank Gold Holdings
US Funds: “Central Banks Ranked by Largest Gold
Holdings”.
Kirill Klip GEM Royalty TNR Gold
January 2022
39

40. Central Bank Gold Demand
Gold purchases by Central Banks.
Kirill Klip GEM Royalty TNR Gold
January 2022
40

41. Central Banks Gold Demand
Incrementum: “Central Banks Are Building Up Their
Reserves”.
Kirill Klip GEM Royalty TNR Gold
January 2022
41

42. Central Bank Gold Demand
Gold purchases by Central Banks.
Kirill Klip GEM Royalty TNR Gold
January 2022
42

43. Gold Adjusted For Inflation
Crescat Capital: Gold price adjusted for inflation.
Kirill Klip GEM Royalty TNR Gold
January 2022
43

44. Gold vs. Inflation
Crescat Capital: “Gold vs. Inflation Expectations”.
Kirill Klip GEM Royalty TNR Gold
January 2022
44

45. Inflation Expectations Risk
Crescat Capital: “Inflation Expectation Risks”.
Kirill Klip GEM Royalty TNR Gold
January 2022
45

46. Gold vs. Inflation
Crescat Capital: “Gold vs. Inflation”.
Kirill Klip GEM Royalty TNR Gold
January 2022
46

47. Modeled Gold Price
Chris Rutherglen: Modeled Gold price by scaling to the
increase in the U.S. Money Supply.
Kirill Klip GEM Royalty TNR Gold
January 2022
47

48. Modeled Gold Price
Chris Rutherglen: Modeled Gold price by scaling to the
increase in the U.S. Money Supply.
Kirill Klip GEM Royalty TNR Gold
January 2022
48

49. Modeled Gold Price
Chris Rutherglen: Modeled Gold price by scaling to the
increase in the U.S. Money Supply.
Kirill Klip GEM Royalty TNR Gold
January 2022
49

50. Growing Gold Demand
US Funds: “$7,000 Gold by 2025”.
Kirill Klip GEM Royalty TNR Gold
January 2022
50

51. Growing Gold Demand
US Funds: “$7,000 Gold by 2025”
Kirill Klip GEM Royalty TNR Gold
January 2022
51

52. Gold Price Model
Lighthouse: Gold price model $10,050.
Kirill Klip GEM Royalty TNR Gold
January 2022
52

53. How High Can Gold Go?
US Funds: “Could we see $25,000 Gold by 2049?”
Kirill Klip GEM Royalty TNR Gold
January 2022
53

54. World Gold Reserves
World Gold Holdings vs. Treasury Holdings in 2021.
Kirill Klip GEM Royalty TNR Gold
January 2022
54

55. Share Of Gold In Portfolios
Investors increasing allocations to Gold will be driving
demand side for this Bull Market.
Kirill Klip GEM Royalty TNR Gold
January 2022
55

56. Gold and Silver Squeeze
US Funds: ”U.S. Mint Gold Coin Demand on Track for its
Strongest Year in Over Two Decades”.
Kirill Klip GEM Royalty TNR Gold
January 2022
56

57. Gold And Negative Real Rates
Incrementum: Gold was driven by negative real rates to
all-time high in the U.S. dollars in 2011.
Kirill Klip GEM Royalty TNR Gold
January 2022
57

58. Gold And Negative Real Rates
Incrementum: “Negative real interest rates are a perfect
environment for Gold”.
Kirill Klip GEM Royalty TNR Gold
January 2022
58

59. Gold And Negative Real Rates
Incrementum: Negative real interest rates are a perfect
environment for Gold.
Kirill Klip GEM Royalty TNR Gold
January 2022
59

60. US Baseline Taylor FED Rate Rule
Crescat Capital: “US Baseline Taylor Rule Estimate for
the FED Funds Rate”.
Kirill Klip GEM Royalty TNR Gold
January 2022
60

61. Gold vs. Real Interest Rates
Crescat Capital: “Gold vs. Real Interest Rates”.
Kirill Klip GEM Royalty TNR Gold
January 2022
61

62. US 10-Year Real Yield
Crescat Capital: “US 10-Year Real Yield”.
Kirill Klip GEM Royalty TNR Gold
January 2022
62

63. Junk Bonds Real Yield
Crescat Capital: “Junk Bonds Real Yield”.
Kirill Klip GEM Royalty TNR Gold
January 2022
63

64. Gold & Bitcoin
US Funds: “Gold Prices Have Slumped As Investors Pile
Into Bitcoin”.
Kirill Klip GEM Royalty TNR Gold
January 2022
64

65. Gold - The Ultimate Hedge
Gold becomes the ultimate hedge for equities and
crypto portfolios.
Kirill Klip GEM Royalty TNR Gold
January 2022
65

66. Gold - The Ultimate Hedge
Gold becomes the ultimate hedge for equities, bonds
and crypto portfolios. (Chart by Holger Zschaepitz)
Kirill Klip GEM Royalty TNR Gold
January 2022
66

67. There Is No Gold 2.0
Cambridge Bitcoin Electricity Consumption Estimate.
Kirill Klip GEM Royalty TNR Gold
January 2022
67

68. “Fighting The FED” With Tether
CryptoWhale: “Tether Printing Unbacked USDT to
Artificially Pump Bitcoin”.
Kirill Klip GEM Royalty TNR Gold
January 2022
68

69. “Fighting The FED” With Tether
CryptoWhale: “Bitcoin When Tether Goes Bust”.
Kirill Klip GEM Royalty TNR Gold
January 2022
69

70. Gold – The New Catalyst
Janet Yellen suggests “curtailing” cryptocurrencies.
Kirill Klip GEM Royalty TNR Gold
January 2022
70

71. Bitcoin Flow Pace
Flow pace in Bitcoin funds is already declining.
Kirill Klip GEM Royalty TNR Gold
January 2022
71

72. Gold – The New Catalyst
CryptoWhale: “Ultra-Rare McDonalds Pattern
Formation”.
Kirill Klip GEM Royalty TNR Gold
January 2022
72

73. Gold – The New Catalyst
There is NO Gold 2.0 – There are over 5,000 years of
humankind history with Gold. (Chart by CryptoWhale)
Kirill Klip GEM Royalty TNR Gold
January 2022
73

74. Commodities to Equity Ratio
Crescat Capital: “Commodities to Equity Ratio”.
Kirill Klip GEM Royalty TNR Gold
January 2022
74

75. Commodity Producers & Equities
Crescat Capital: “Commodity Producers Relative to
Global Equities”.
Kirill Klip GEM Royalty TNR Gold
January 2022
75

76. Commodity Producers
Crescat Capital: “Commodity Producers”.
Kirill Klip GEM Royalty TNR Gold
January 2022
76

77. Gold Mining Stocks
Gold Miners: A huge Wall of Worry.
Kirill Klip GEM Royalty TNR Gold
January 2022
77

78. Gold & Silver Mining Stocks
Crescat Capital: “Gold &Silver Miners vs. Global
Stocks”.
Kirill Klip GEM Royalty TNR Gold
January 2022
78

79. Gold Miners & Commodity Producers
Crescat Capital: “Gold & Silver Miners Relative
Commodity Producers”.
Kirill Klip GEM Royalty TNR Gold
January 2022
79

80. Gold & Silver Miners
Crescat Capital: “Gold & Silver Miners”.
Kirill Klip GEM Royalty TNR Gold
January 2022
80

81. Growth Stocks vs. Gold Miners
Crescat Capital: “Growth Stocks vs. Gold Miners”.
Kirill Klip GEM Royalty TNR Gold
January 2022
81

82. Gold vs. Miners
Crescat Capital: “Gold vs. Miners”.
Kirill Klip GEM Royalty TNR Gold
January 2022
82

83. Gold Mining Stocks
The oldest Gold mining stocks index by Barron's shows
the extreme historical undervaluation.
Kirill Klip GEM Royalty TNR Gold
January 2022
83

84. Gold Miners Valuations
Incrementum: “HUI/S&P 500 Ratio”.
Kirill Klip GEM Royalty TNR Gold
January 2022
84

85. Gold Mining Stocks
Incrementum: “Miners Are Still in “Antibubble” Mode”.
Kirill Klip GEM Royalty TNR Gold
January 2022
85

86. Gold Miners
Crescat Capital: “Gold Miners Free Cash Flow Yield”.
Kirill Klip GEM Royalty TNR Gold
January 2022
86

87. Gold & Silver Miners Cash Flow
Crescat Capital: “Gold & Silver Miners vs. Free Cash
Flow”.
Kirill Klip GEM Royalty TNR Gold
January 2022
87

88. Gold & Silver Miners
Crescat Capital: “Gold & Silver Miners. Aggregate FCF
Yield With Enterprise Value”.
Kirill Klip GEM Royalty TNR Gold
January 2022
88

89. Gold Miners Free Cash Flow
Incrementum: ”Gold Mining Is More Profitable Than
Ever!”
Kirill Klip GEM Royalty TNR Gold
January 2022
89

90. Gold Equities Bull Markets
Incrementum: Gold equities Bull Markets over the past
78 years.
Kirill Klip GEM Royalty TNR Gold
January 2022
90

91. Peak Gold
Frank Holmes: “Output from the world’s Gold mines
topped out in 2020 before declining”.
Kirill Klip GEM Royalty TNR Gold
January 2022
91

92. Peak Gold Production In China
Incrementum: “Gold Production Peaked In China In
2016”.
Kirill Klip GEM Royalty TNR Gold
January 2022
92

93. Gold Supply Cliff
Crescat Capital: “Gold Supply Cliff”.
Kirill Klip GEM Royalty TNR Gold
January 2022
93

94. Industry-wide Decline
NOVAGOLD: “Decline in Reserves, Discoveries, Grade,
and Sharp Underinvestment Impedes Output Growth”.
Kirill Klip GEM Royalty TNR Gold
January 2022
94

95. Gold Discoveries
Annual exploration budgets vs. Gold discoveries.
Kirill Klip GEM Royalty TNR Gold
January 2022
95

96. Gold Discoveries
Crescat Capital: “Gold Discoveries”.
Kirill Klip GEM Royalty TNR Gold
January 2022
96

97. Exploration Budgets
Global Gold exploration budgets are still a long way off
their 2012 peak.
Kirill Klip GEM Royalty TNR Gold
January 2022
97

98. Gold & Silver Miners M&A Cycle
Crescat Capital: “Gold & Silver Miners M&A Cycle”.
Kirill Klip GEM Royalty TNR Gold
January 2022
98

99. Gold Enterprise Valuation Curves
Ronald Stewart: Enterprise Valuation per Au oz of
resource for companies is rising.
Kirill Klip GEM Royalty TNR Gold
January 2022
99

100. Gold Enterprise Valuations
Ronald Stewart: Enterprise Valuations per Au oz of “Mineral
Inventory” for Gold companies.
Kirill Klip GEM Royalty TNR Gold
January 2022
100

101. Where Do You Look For Elephants?
TNR Gold Shotgun Gold project is located in the
Alaskan “Elephant Country”.
Kirill Klip GEM Royalty TNR Gold
January 2022
101

102. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Location Of Major Granite Related Gold
Deposits”.
Kirill Klip GEM Royalty TNR Gold
January 2022
102

103. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Tintina Gold Belt Examples”.
Kirill Klip GEM Royalty TNR Gold
January 2022
103

104. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Tintina Gold Belt”.
Kirill Klip GEM Royalty TNR Gold
January 2022
104

105. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Geology and Vein Deposits of SW
Alaska”.
Kirill Klip GEM Royalty TNR Gold
January 2022
105

106. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Depth-fluids model for IRGS”.
Kirill Klip GEM Royalty TNR Gold
January 2022
106

107. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Geological Exploration Model”.
Kirill Klip GEM Royalty TNR Gold
January 2022
107

108. TNR Gold Corp.
Shotgun Gold Project, Alaska.
Kirill Klip GEM Royalty TNR Gold
January 2022
108

109. The Shotgun Gold Project
Shotgun Gold is located in Donlin Gold Mining District,
South-West Alaska.
Kirill Klip GEM Royalty TNR Gold
January 2022
109

110. The Shotgun Gold Project
Shotgun Gold is located in Donlin Gold Mining District,
South-West Alaska.
Kirill Klip GEM Royalty TNR Gold
January 2022
110

111. The Shotgun Gold Project
TNR Gold strategy with Shotgun Gold.
Kirill Klip GEM Royalty TNR Gold
January 2022
111

112. Gold In The USA
Donlin Gold: strong support for responsible mining and
development in Alaska.
Kirill Klip GEM Royalty TNR Gold
January 2022
112

113. Alaska A World-Class Jurisdiction
Donlin Gold: “Leverage In A Place Where You Can
Keep The Rewards”.
Kirill Klip GEM Royalty TNR Gold
January 2022
113

114. Decline In Gold Discoveries
Gold mine supply is set to decline after years of
increases.
Kirill Klip GEM Royalty TNR Gold
January 2022
114

115. Gold Elephant In Alaska
Donlin Gold: “Time-Tested Partnership with Barrick
Gold”.
Kirill Klip GEM Royalty TNR Gold
January 2022
115

116. Gold Elephant In Alaska
NOVAGOLD: “Barrick CEO Mark Bristow on unlocking
the tremendous potential of Donlin Gold”.
Kirill Klip GEM Royalty TNR Gold
January 2022
116

117. Alaska’s Donlin Gold
Donlin Gold: “One of the Largest Projects in a Safe
Jurisdiction”.
Kirill Klip GEM Royalty TNR Gold
January 2022
117

118. Donlin Gold In Alaska
Donlin Gold: “Not All Ounces are The Same”.
Kirill Klip GEM Royalty TNR Gold
January 2022
118

119. Donlin Gold Infrastructure
Barrick Gold and NOVAGOLD are developing
Donlin Gold and opening new Mining District in the U.S.
Kirill Klip GEM Royalty TNR Gold
January 2022
119

120. Donlin Gold Federal Permit
Donlin Gold: “Key Project Milestone Achieved”.
Kirill Klip GEM Royalty TNR Gold
January 2022
120

121. Donlin Gold Permitting
Donlin Gold: “Permitting Update”.
Kirill Klip GEM Royalty TNR Gold
January 2022
121

122. Donlin Gold Activities
Donlin Gold: “2021 Drill Program”.
Kirill Klip GEM Royalty TNR Gold
January 2022
122

123. Donlin Gold Activities
Donlin Gold: “Board Approves Additional 2021 Funding
In Preparation for New Feasibility Study”.
Kirill Klip GEM Royalty TNR Gold
January 2022
123

124. Donlin Gold Activities
Donlin Gold: “Barrick and NOVAGOLD Optimizing Mine
Design at Donlin Gold”.
Kirill Klip GEM Royalty TNR Gold
January 2022
124

125. Donlin Gold Activities
Donlin Gold: “A True 50:50 Partnership with Barrick
Gold”.
Kirill Klip GEM Royalty TNR Gold
January 2022
125

126. Donlin Gold Activities
Donlin Gold: “Alaska Native Corporation partnerships
Elevate the Project”.
Kirill Klip GEM Royalty TNR Gold
January 2022
126

127. Donlin Gold Activities
Donlin Gold: “2020 Sustainability Performance”.
Kirill Klip GEM Royalty TNR Gold
January 2022
127

128. Gold Elephant In The USA
Donlin Gold: “Largest Gold Development Project in its
Category”. Development of major gold mining camp.
Kirill Klip GEM Royalty TNR Gold
January 2022
128

129. Gold Elephant In Alaska
Donlin Gold: “Double the Global Average Gold Grade”.
Kirill Klip GEM Royalty TNR Gold
January 2022
129

130. New Gold Camp In The USA
Donlin Gold: “Positioned to be One of the World’s
Largest Gold Mines”.
Kirill Klip GEM Royalty TNR Gold
January 2022
130

131. Gold Elephant In Alaska
Donlin Gold: “Project Catalysts”.
Kirill Klip GEM Royalty TNR Gold
January 2022
131

132. Gold Elephant In Alaska
Donlin Gold: “Significant Value Upside with Higher Gold
Prices”.
Kirill Klip GEM Royalty TNR Gold
January 2022
132

133. The Shotgun Gold Project
Exploration history of Shotgun Gold project in Alaska.
Kirill Klip GEM Royalty TNR Gold
January 2022
133

134. Regional Geologic Environment
Region is truly unique “Elephant Country” for large scale
gold deposits.
Kirill Klip GEM Royalty TNR Gold
January 2022
134

135. Shotgun Gold Geology
Predominantly underlain by Cretaceous sediments of
the Kuskokwin Group.
Kirill Klip GEM Royalty TNR Gold
January 2022
135

136. Shotgun Gold Mineralization
Shotgun Gold: the same age rocks and geological
signature appear to resemble Donlin Gold mineralization.
Kirill Klip GEM Royalty TNR Gold
January 2022
136

137. Shotgun Ridge
Shotgun Ridge - mineralized intervals.
Kirill Klip GEM Royalty TNR Gold
January 2022
137

138. Shotgun Ridge Drilling
Shotgun Ridge - drill holes plan view.
Kirill Klip GEM Royalty TNR Gold
January 2022
138

139. Shotgun Ridge
Shotgun Ridge - resource model cross-section A-A’
Kirill Klip GEM Royalty TNR Gold
January 2022
139

140. The Shotgun Project
The Shotgun Project - mineral resource.
Kirill Klip GEM Royalty TNR Gold
January 2022
140

141. Understanding Potential Targets
Shotgun Ridge alone shows potential to host multiple
closely spaced gold deposits.
Kirill Klip GEM Royalty TNR Gold
January 2022
141

142. Typical Porphyry System
Magnetic image shows “ring structure” typical of
porphyry systems.
Kirill Klip GEM Royalty TNR Gold
January 2022
142

143. Area Of Defined Resource
Multiple areas with similar structural and magnetic
character are untested by drilling.
Kirill Klip GEM Royalty TNR Gold
January 2022
143

144. Chargeability Model
Only one chargeability target is tested by drilling and it
is mineralized.
Kirill Klip GEM Royalty TNR Gold
January 2022
144

145. Shotgun Ridge Geophysics
The Shotgun Gold project – geophysics cross section.
Kirill Klip GEM Royalty TNR Gold
January 2022
145

146. Shotgun Ridge Geophysics
Mineralization plotted down hole over 3D chargeability
model.
Kirill Klip GEM Royalty TNR Gold
January 2022
146

147. Shotgun Ridge Potential
Shotgun Ridge has untested structural intersections that
may host significant Gold deposits.
Kirill Klip GEM Royalty TNR Gold
January 2022
147

148. The Shotgun Gold Opportunity
Shotgun Ridge is just one of multiple gold target areas.
Kirill Klip GEM Royalty TNR Gold
January 2022
148

149. Shotgun Ridge
Shotgun Ridge - inferred resource estimate.
Kirill Klip GEM Royalty TNR Gold
January 2022
149

150. Strategic Partner - Gold In The USA
TNR Gold is looking for strategic partner to unlock the
potential of Shotgun Gold development.
Kirill Klip GEM Royalty TNR Gold
January 2022
150

151. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: Location of major intrusion related Gold
systems in Sn-W provinces.
Kirill Klip GEM Royalty TNR Gold
January 2022
151

152. GEM Royalty Portfolio
• 0.36% NSR Royalty on the entire Los Azules, Argentina
– one of the largest Copper projects under McEwen
Mining management.
• 1.8% NSR Royalty on the Mariana Lithium, Argentina
– lithium brine project under Ganfeng Lithium
management.
• 90% Shotgun Gold project, Alaska. Gold in the USA
Elephant Country - Donlin Gold mining district being
developed by Barrick Gold and NOVAGOLD.
Kirill Klip GEM Royalty TNR Gold
January 2022
152

153. GEM Royalty Co.
TNR Gold Corp.
• Becoming The Green Energy Metals Royalty Co.
• Assets with major companies as Operators.
• Green Energy Metals: Copper, Silver and Lithium.
• TNR holds NSR Royalty on Los Azules Copper.
• TNR holds NSR Royalty on Mariana Lithium.
• TNR holds 90% stake in Shotgun Gold, Alaska.
• TNR Gold presentations on www.tnrgoldcorp.com
• All Information is available on www.sedar.com
Kirill Klip GEM Royalty TNR Gold
January 2022
153

154. Thank you!
Energy rEVolution & Gold.
The World Just Before The INTERNET.
Contact k.klip@btinternet.com
Visit www.kirillklip.blogspot.com
Follow on Twitter @kirillklip
Kirill Klip GEM Royalty TNR Gold
January 2022
154