Genesis Resources Limited · ASX:GES
Genesis Resources — Shareholder Meeting (November 2013)
46 slides from Genesis Resources's shareholder meeting presentation, Nov 25, 2013
Slide 1: Geological Presentation, Annual General Meeting
For personal use only Geological Presentation by James Patterson, Exploration Manager, Macedonia Annual General Meeting 25 November 2013
Slide 2: Disclaimer
For personal use only DISCLAIMER All persons should seek appropriate professional investment advice in reviewing or considering this presentation and all other information with respect to Genesis Resources Limited (Genesis or the Company), its business, financial performance and operations. Neithe
Slide 3: Plavica High Sulphidation Epithermal Gold Project Update
Plavica High Sulphidation Epithermal Gold (+ Ag + Cu) Project Update November 2013 For personal use only James Patterson, Enargite - Pyrite Exploration Manager, Macedonia. Laminated Ash Tuffs
Slide 4: Plavica Project November 2013
Plavica Project November 2013 For personal use only
Slide 5: Plavica project areas and drilling activity
Borovic. Large Alteration 13 Soil Anomalies System. 4 holes drilled. Plavica 68 Rocks Collected Resource Drill Out with 3 Rigs. 97 RC and 49 DD Holes FFS For personal use only Stroimanci nearing completion Silica ledges and breccia 5 holes drilled Pleshinci Native sulphur and Silica ledges 2 holes d
Slide 6: 2013 Drilling
2013 Drilling. RC 96 Holes for 18,376m @ USD $66/m = $1.21M DD 51 Holes for 17,870m @ USD $137/m = $2.49M Total for drilling and assays = USD $4.8M approx. For personal use only RC Surveys Forecast. No drillers Achieved with only 1 rig
Slide 7: Plavica Development: State Holes 1980s
Plavica Development. State Holes 1980’s. Vertical, unreliable Au assays ZB81, ZB80, ZB64 For personal use only No Significant Results Outline of Main Ore Body ZB65: 20m @ 1.2 from 100m ZB68: 10m @ 0.4 from 10m
Slide 8: Old State assays
Plavica Project Nov 2013 Old State assays For personal use only State Assays > 1 g/t Au 0.7 to 1 g/t Au 0.5 to 0.7 g/t Au 0.3 to 0.5 g/t Au 0.1 to 0.3 g/t Au < 0.1 g/t Au Rio Tinto check Assays
Slide 9: Plavica Development: Rio Tinto 1998 Core Holes
Plavica Development: Rio Tinto, 1998, 4 Core Holes PLV002: 19m @ 0.6 g/t Au from 29m and For personal use only 70m @ 1.2 g/t Au from 80m uncut
Slide 10: Plavica Development: EMC 2002 Core Holes
Plavica Development: EMC 2002, 5 Core Holes For personal use only PLV007: Not assayed PLV005: 13m @ 0.5 g/t Au from 12m 21m @ 1.1 g/t Au from 67m 7m @ 1.0 g/t Au from 98m 32m @ 1.1 g/t Au from 140m
Slide 11: Plavica Development: Genesis 2011 Core Holes
Plavica Devolpment: Genesis 2011: 13 Core Holes For personal use only PLV0011: 189m @ 0.6 g/t Au PLV0019: 84m @ 0.8 g/t Au from 137m uncut from 18m uncut
Slide 12: Plavica Development: Genesis 2012 Holes
Plavica Development: Genesis 2012: 3 DD, 23 RC Holes, many with Azi 150 For personal use only DDP006: 7m @ 2.64 g/t Au from 190m 3m @ 26.40 g/t Au from 205m 5m @ 22.15 g/t Au from 214m (incl. 1m @ 76.5 g/t Au from 214m)
Slide 13: Plavica Development: Genesis 2013 Holes
Plavica Development: Genesis 2013: 26 DD, 88 RC Holes (to Nov 2013) For personal use only New Zone. Deep. High in Ag and PNDD031: 22m @ 2.71 g/t base metals Au from 127m PNDD013: 12m @ 1.35 g/t Au from 40m 38m @ 1.07 g/t Au from 80m PNDD017: 9m @ 1.47 g/t Au from 148m 18m @ 1.71 g/t Au from 210m 15m
Slide 14: Genesis 2013: Results Pending
Plavica Development: Genesis 2013: Results Pending (orange collars) Landowner issues For personal use only Currently Drilling. Testing Au zone from previous State Drilling Maricanski Rid Awaiting More Assays
Slide 15: Increased understanding of controls on mineralisation
Plavica. Increased understanding of controls on Mineralisation Laminated Ash Tuff For personal use only PNDD005 Diatreme Breccias PNDD026
Slide 16: Plavica sections and drill hole legend
Plavica For personal use only Section 7300E Section 7400E Section 7000E Old U / G Workings Old Surface Workings Hole drilled 2013 Results Received Hole drilled, results pending Hole drilled, results reported 04.10.2013 2013 Planned Hole PLV004 Old Hole Rio Tinto Vuggy Silica Maricanski Rid Andesite
Slide 17: Section 7400E
> 1 g/t Au PNDD004: 46m @ 0.97 g/t Au from 0.7 to 1 g/t Au Section 7400E 0m, 31m @ 1.58 g/t Au from 50m 0.4 to 0.7 g/t Au 0.2 to 0.4 g/t Au PNRC003 PNRC006 < 0.2 g/t Au PNRC007 >1 % Cu For personal use only 0.5 to 1 % Cu 0.3 to 0.5% Cu < 0.3 % Cu PNRC003: 44m @ 2.67 g/t Au from 0m, PNRC007: 20m @ 1.
Slide 18: Section 7300E
PNDD005: 21m @ 1.51 g/t Au from 58m, > 1 g/t Au PNRC001A 22m @ 1.16 g/t Au from 152m 0.7 to 1 g/t Au Section 7300E 25m @ 0.72 g/t Au from 179m 0.4 to 0.7 g/t Au 0.2 to 0.4 g/t Au < 0.2 g/t Au >1 % Cu For personal use only 0.5 to 1 % Cu 0.3 to 0.5% Cu < 0.3 % Cu PNRC001A: 38m @ 2.07 g/t Au, from 0m,
Slide 19: Section 7000E
> 1 g/t Au 0.7 to 1 g/t Au Section 7000E PNRC086: Results Pending 0.4 to 0.7 g/t Au 0.2 to 0.4 g/t Au < 0.2 g/t Au >1 % Cu PNRC064: Terminated in bad For personal use only 0.5 to 1 % Cu ground. To be re-drilled. 0.3 to 0.5% Cu < 0.3 % Cu PNDD013: 15m @ 1.17 g/t Au, 0.32 % Cu from 37m, 38m @ 1.02 g/t
Slide 20: Maricanski Rid first RC hole
For personal use only Maricanski Rid First RC Hole PNRC069: Results PNRC068: 46m @ 1.59 Pending g/t Au from 29m State Hole S001: Rio Rio Tinto PLV4: 101m @ Tinto Re-assays: 53.5m 0.7 g/t Au (un-cut) @ 0.75 g/t Au > 1 g/t Au 0.7 to 1 g/t Au 0.4 to 0.7 g/t Au 0.2 to 0.4 g/t Au < 0.2 g/t Au
Slide 21: Gold Gram-metres in Drilling
Gold. Gram-metres in Drilling. Nov 2013. For personal use only Outline of Main Ore Body Maricanski Rid
Slide 22: Copper Percent-metres in Drilling
Copper. Percent-metres in Drilling. Nov 2013. For personal use only High Cu Area
Slide 23: Silver Gram-metres in Drilling
Silver. Gram-metres in Drilling. Nov 2013. For personal use only Outline of Main Ore Body
Slide 24: Lead + Zinc Percent-Metres in Drilling
Lead + Zinc. Percent-Metres in Drilling. Nov 2013. For personal use only High Pb, Zn, Ag Zone
Slide 25: Opportunities – Porphyry Potential
Plavica Project November 2013 Opportunities – Porphyry Potential • Many HS Epithermal Systems are associated with underlying Porphyries For personal use only • Examples: Lepanto (Philippines, below), Tujuh Bukit (Indonesia), Bor (Serbia)
Slide 26: Porphyry Potential? Magnetite veins
Plavica Project November 2013 Porphyry Potential? – Magnetite veins For personal use only
Slide 27: MRDD005: Sheeted veins
For personal use only MRDD005: Sheeted veins
Slide 28: Copper Percent-metres in Drilling
Copper. Percent-metres in Drilling. Nov 2013. For personal use only High Cu Area
Slide 29: Molybdenum PPM-metres in Drilling
Molybdenum. PPM-metres in Drilling. Nov 2013. For personal use only High Moly Zone. Corresponds with Cu. Porphyry at Depth?
Slide 30: Bismuth PPM-metres in Drilling
Bismuth. PPM-metres in Drilling. Nov 2013. For personal use only Bismuthinite? High S Ep? High Bismuth. Corresponds with Cu / Mo. Porphyry at Depth?
Slide 31: FFS Progress
FFS Progress. Study October November December January February March Geomechanics For personal use only Hydrogeology Ore Mineralogy Environmental Geotechnical Oxide Metallurgy Sulphide Metallurgy Geology Block Modelling Land Use Survey Elaborate Mining PreFeasibility Piezometer Free Au in Quartz- Du
Slide 32: PNDD004: Oxide Ore
For personal use only PNDD004: 24.7m. Oxide Ore Limonite Goethite Quartz
Slide 33: PNDD002: Primary Ore
For personal use only PNDD002: 97.5m. Primary Ore Enargite Gold Pyrite
Slide 34: PNDD002: Primary Ore
For personal use only PNDD002: 411.4m. Primary Ore Galena Gold
Slide 35: Regional Drilling
For personal use only Regional Drilling
Slide 36: Stroimanci
For personal use only Stroimanci Large alteration Area = Orange Colour 1 km grid
Slide 37: Stroimanci Diatreme Breccia
For personal use only Stroimanci Diatreme Breccia Similar to Plavica Red coloured creek due to presence of abundant sulphides
Slide 38: STD002 Stroimanci
For personal use only STD002 Stroimanci
Slide 39: Pleshinci
For personal use only Pleshinci Native sulphur along Major creek. 2 silica ledges discovered on recent field visit
Slide 40: Pleshinci Holes drilled
2 Holes drilled. Pleshinci Abundant Si-Cy-Lim Alteration Results pending. For personal use only
Slide 41: Zarapinci Holes Drilled
Silica Cap along ridge Zarapinci 3 Holes Drilled For personal use only Limonitic (after sulphides) breccia
Slide 42: 2014 Plan Moving Forward
2014 Plan Moving Forward For personal use only • Submit FFS • Earn 62% and get Plavica Exploitation Licence • Extend 5 other Exploration Licences by 2 years • Extend Plavica Tenement to East • Re-do Inferred Resource using 2013 results • Drill Out Plavica Resource to 50m X 50m • Extend Plavica Resou
Slide 43: 2014 Further Work
2014 Further Work For personal use only Hill to SE Untested
Slide 44: Lehovo, SW Bulgaria
Lehovo, SW Bulgaria For personal use only 0.7m @ 17.35 g/t Au & 23.0 g/t Ag from 190m
Slide 45: 2014 Proposed Budget incl wages
2014 Proposed Budget incl wages = USD $7.4M For personal use only Unit Item Units Cost Cost USD Plavica Infill DD Drilling (m) 14,000 140 1,960,000 Plavica Infill RC Drilling (m) 10,000 66 660,000 Maricanski Rid DD Drilling (m) 7,500 140 1,050,000 Regional Drilling (m) 5,000 100 500,000 Assays 36,50
Slide 46: For personal use only
For personal use only -ENDS-
Genesis Resources — Shareholder Meeting (November 2013) on 6ix