Antler is targeting intrusion-related gold associated with an igneous complex intruding into metasediments, including deposition styles such as sheeted vein systems, vein-disseminations in carbonaceous rocks, and intrusion-proximal to outer-aureole types. Additional potential exists for Carlin-style gold mineralization at the Victory Gold Target. EPLs 8711, 9135 and 9134 form part of the Paresis Gold Project land package (Figure 1).

Figure 1: Paresis Gold Project area comprising EPL-8711, 9135 and 9134 (Victory Gold Target) relative to in-country peers B2Gold Namibia (pink), Osino Resources Namibia (blue), and WIA Gold (green).

Antler’s Exploration Concept:

The Paresis Gold Project is a conceptual project in an area with a complex deformation and magmatic history providing structural complexity and lithological variations, presenting potential for both intrusion-related and orogenic-style gold deposits (Figure 2).

During the Jurassic-Cretaceous, the alkaline magmas of the Paresis Igneous Complex (PIC) ruptured through the basal units of the Damara Supergroup (DSG), a package affected by the Pan-African orogenic event. The DSG comprises a tightly folded sequence of siliciclastic sediments of the Nosib Group overlain by a package of interlayered calcareous metasediments of the Swakop Group – Okonguarri Formation and Karibib Formation (Table 1). The Okonguarri Formation is the stratigraphic unit hosting gold mineralization at the Otjikoto Gold Mine (B2Gold) and at the Eureka Gold Project (Osino Resources), while the Karibib Formation is host to gold mineralization at various gold occurrences (Onguati, Goldkuppe, Erindi) in the Central Zone of the Damara Belt, including the Navachab Gold Mine (QKR) (along with the Arandis Formation).

Faults and other structures that formed during the Pan-African orogenic event represent conduits for magmas and hydrothermal fluids. Multiple magmatic episodes occurred during the orogenic event. The complex magmatic history of the PIC much later in the geological record developed a potentially favourable igneous plumbing system for the introduction of gold-bearing fluids to the surrounding country rock during or after several cycles of magmatism has taken place. Porosity and hence, permeability in the calcareous country rock is enhanced by interaction with hydrothermal and meteoric fluids, thereby promoting the potential precipitation and deposition of gold and/or other metals.

Ongoing exploration program includes reconnaissance geological mapping and grab sampling to identify priority target areas up to end of Q2 2024, followed by a geochemical soil and/calcrete sampling program over areas covered by recent Kalahari sediments.

Figure 2: Overview map of the Paresis Gold Project license EPL-8711 and new EPL-9135. Relevant geological units (250K Geology Source: Geological Survey of Namibia) overlain on ESRI Earth natural colour satellite imagery.

Table 1: NZ stratigraphy of the Paresis tenement. 

Sequence	Group	Subgroup	Formation	Lithology
Paresis Igneous Complex (PIC)				bimodal volcanics/extrusives, acidic and alkaline intrusives
Karoo Supergroup				dolerite dykes
Damara Supergroup	Swakop	Navachab	Karibib	marble limestone, schist, quartzite
		Usakos	Okonguarri (Arandis equivalent)	schist, greywacke, limestone
			Chuos	diamictite, iron-formation
	Nosib		Etusis or equivalent	arkosic quartzite, meta-arkose, conglomerate, limestone, shale, gneiss
Pre-Damara Basement - Huab Metamorphic Complex				gneiss, minor amphibolite

The Victory Gold Target area is found on EPL-9134 (Figure 3). Here, Antler is targeting Carlin-type/sediment-hosted disseminated gold in an area that has strong mineralization potential - regional-scale thrust, faults, layered and folded permeable carbonate host rocks, and existing base metal occurrences indicating hydrothermal activity.

The target area includes two of the tectonostratigraphic zones of the Damara Orogen, namely the Northern Zone (NZ), and the Northern Margin Zone (NMZ), a narrow zone between the southern edge of the Northern Platform (NP) and the northern edge of the NZ​ (Miller, 2008)​i (Figure 4). The NZ comprises carbonates, schists and siliciclastics of the Swakop Group, whereas the NMZ comprises deep-water carbonates of the coeval Otavi Group, and siliciclastic rocks of the Mulden Group (Table 2), the highest stratigraphic unit of the Damara Supergroup. Two glacial horizons, i.e. the Chuos and Ghaub diamictites, subdivide the Swakop and Otavi Groups into subgroups (Table 2), providing distinct lithological and geochronological markers, but outcrops of the Chuos within the EPL are poor. The sequences have been multiply folded and faulted (local and regional-scale) during the Pan-African Damara Orogeny during which the NZ has been thrust northwards onto Otavi, Mulden (NMZ) and pre-Damara rocks along the NE-trending, km-scale, deep-seated regional Khorixas-Gaseneirob Thrust (KGT), marking the edge of the NZ ​ (Miller, 2008)​. The deformation history provides ample structural pathways, the right plumbing for superheated gold-bearing hydrothermal fluid channelization up through the crust and into the highly permeable carbonate host rocks where it is potentially deposited as microscopic gold within pyrite. Gold-bearing hydrothermal fluids also carry arsenic, mercury, antimony and thallium that are important pathfinder elements that will guide exploration.

Figure 3: Overview map of the new Victory Gold Target on license EPL-9134. Relevant geological units (250K Geology Source: Geological Survey of Namibia) overlain on ESRI Earth natural colour satellite imagery.

Figure 4: Tectonostratigraphic zones of the Damara Orogen​ (Miller, 2008)​.

Table 2: Stratigraphy of the Victory Gold Project tenement. 

Sequence	Group	Subgroup	Formation	Lithology
	Namib		Bertram	Proto-Ugab terrace gravel
Karoo Intrusives				Wolffsgrund Gabbro
Damara Supergroup	Mulden			Sandstone, greywacke, conglomerate
	Swakop (NZ)	Navachab	Kuiseb	Schist
			Karibib	Marble, limestone, schist, quartzite
			Chuos	diamictite, iron-formation
		Ugab	Orusewa	Schist, phyllite
			Okotjize	Dolostone, schist, skarn
	Otavi (NMZ)	Tsumeb	Huttenberg	Dolomite
			Elandshoek	Massive and laminated dolomite
			Ghaub	Diamictite
		Abenab	Auros	Dolomite; minor shale and limestone
			Gauss	Massive dolomicrite
			Berg Aukas	Dolostone
			Chuos	Diamictite; interbedded quartzite, schist and marble
Pre-Damara Basement - Huab Metamorphic Complex				Quartz-mica schist, quartzite, quartz-feldspar gneiss, migmatitic

i: Miller, R. M., 2008. The Geology of Namibia. s.l.:Geological Survey of Namibia.

Forward Looking Statements

Information set forth in this presentation contains forward-looking statements that are based on assumptions as of the date of this presentation. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Antler Gold Inc. (“Antler Gold”, “Antler” or the “Company”) cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Antler’s control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Antler Gold's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Antler Gold acceptable to it, or at all. Antler Gold is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Antler Gold undertakes no obligation to publicly update or revise forward-looking information. Antler Gold does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Antler Gold, readers should refer to Antler Gold's website at www.antlergold.com.

Qualified Person 

The technical and scientific information in this presentation has been reviewed and approved by Oliver Tors, B.Sc (Hons)., Exploration Manager of the Company,  who is registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 120660) who is a Qualified Person as defined by NI 43-101. Mr. Tors is an employee of Antler Gold Inc. and is not independent of the Company under NI 43-101.