Lake Victoria Gold Ltd · TSXV:LVG
Lake Victoria Gold — Tembo Gold — Investor Presentation (March 2012)
32 slides from Lake Victoria Gold's investor presentation, March 2012
Slide 1: Investor Presentation
TSX-V: TEM Investor Presentation March 2012
Slide 2: Forward Looking Statement
Forward Looking Statement This report includes certain statements that may be deemed forward-looking. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments
Slide 3: Investment Summary
Investment Summary • HIGHLY PROSPECTIVE GOLD ASSET: Located adjacent to African Barrick's 20Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt, the 123km2 property has highly prospective geology, encouraging earlier exploration with promising results, and multiple targets identified •
Slide 4: Capital Structure
Capital Structure Clean capital structure with limited shares outstanding and well funded Capital Structure Share Performance TSX-V Symbol TEM Share Price (as at Mar 14, 2012) $1.67 52 Week Range $1.20 - 2.29 Issued and Outstanding 40,350,838 Fully Diluted 54,723,709 Market Capitalization ~$67M Work
Slide 5: Management Team
Firsthand and Extensive Experience MANAGEMENT TEAM TSX-V: TEM March 2012 5 www.TemboGold.com
Slide 6: Directors & Management
Directors & Management Former Bulyanhulu management leading the company • David Scott – President & CEO – Former Technical Services Manager for Barrick Gold’s subsidiary Kahama Mining Corporation; responsible for all Technical Services at Bulyanhulu including on-mine exploration activities – Over 32
Slide 7: Directors & Management
Directors & Management Experienced mining professionals strengthen the corporate team • John Seaman – CFO – Mr. Seaman has been involved with several successful mining projects and is currently the CFO for Premier Gold Mines – Previously held the position of CFO of Wolfden and Pediment which were bo
Slide 8: Technical & Local Team
Technical & Local Team African experts The Mineral Corporation leading the exploration • Peter Haworth - Exploration Manager: 33 years experience in exploration and mine geology and in mine management, extensive drill project and greenstone gold experience in southern, east and west Africa • The Min
Slide 9: Tembo Gold Project
Historic and Recent Work TEMBO GOLD PROJECT TSX-V: TEM March 2012 9 www.TemboGold.com
Slide 10: Lake Victoria Mining Camp
Lake Victoria Mining Camp Located in an established mining camp with 50m ounces of gold resources P&P Indicated Inferred Total • Six modern mining operations Company Mine (Moz) (Moz) (Moz) (Moz) African Barrick African Barrick Bulyanhulu North Mara 11.0 2.8 2.9 1.8 3.3 17.3 3.7 8.4 • Significantly i
Slide 11: The Tembo Project
The Tembo Project A significant land package with exciting underexplored potential • Large contiguous ground holding – 110km2 active licence area and 13km2 under application • Project credentials – Historic exploration database with good results – >10km of extensively continuous artisanal workings –
Slide 12: The Bulyanhulu Connection
The Bulyanhulu Connection Bulyanhulu geological and structural extensions are dominant on Tembo property • Bulyanhulu, a 4km long, 2km deep, 2m wide high grade orebody • Bulyanhulu SML underexplored • Both areas are extensively covered and provide erratic but important soil geochemistry results • Nu
Slide 13: Historical Exploration
Historical Exploration Exploration results suggest a highly prospective area that is under-drilled • Airborne magnetics – Defines the extent of the greenstone meta-volcanics – Demonstrates geological continuity with the area to the southeast – Suggests there are > 100km of favourable structures • Ge
Slide 14: Artisanal Activity
Artisanal Activity Significant artisanal activity further confirms gold mineralization • Over 2,000 artisanal miners operating over 100 mine shafts • More than 2,800 shafts located along Bulyanhulu parallel, east-west, and northwest structures totalling over >10km • Mining from surface to depths in
Slide 15: Work Program
Advancing The Project WORK PROGRAM TSX-V: TEM March 2012 15 www.TemboGold.com
Slide 16: LIDAR and Recent Field Mapping
LIDAR and Recent Field Mapping 2011 LIDAR Survey identifies over 10km of artisanal mining zones • LIDAR Survey and field mapping – DTM and high resolution orthophoto identifies numerous previously unrecognised areas of mining – Individual laterally continuous zones of mining extend up to 2km in stri
Slide 17: Drill Program
Drill Program 12 Month 87,000m drill program has commenced • Diamond Drilling – Initially two drill rigs @ 600m per month, 3rd and 4th rig ordered and en route – Average down hole depth estimated 200m (maximum depth estimated 400m) depending on target success – Total 12 month plan: 27,000m • Percuss
Slide 18: Target Generation and Prioritisation
Target Generation and Prioritisation Targets with artisanal mining prioritised for 2012 drilling • Target Prioritisation – Magnetics – Soil and RAB geochemistry – LIDAR Survey and field mapping – Targets represent <10% of the potentially mineralised structures indicated by the magnetics • Drilling A
Slide 19: Initial 2012 Drill Results
Initial 2012 Drill Results First drills results confirm significant gold grades and show additional potential TEMBO PROJECT SIGNIFICANT DRILL RESULTS - March 13, 2012 • Highlights Include: Boreholes Depth from Depth to Thickness Au completed*1 (m) (m) (m)*2 (g/t)*3 – TDD0004: 3.13 g/t Au over 25.89m
Slide 20: Ngula 1 Target
Ngula 1 Target A number of sub-parallel east-west structures host quartz vein-filled shears • Two east-west striking linear artisanal Ngula 1 mining areas 300m apart • Total strike extent in excess of 2km • Shafts as deep as 70m reported • Artisanal ore grab sampling up to 25g/t • Strong correlation
Slide 21: Nyakagwe East
Nyakagwe East Nyakagwe East target has two structures each mined over a 750m strike • 750m x 400m area of mining • Mining depths in excess of 30- Nyakagwe East 50m • 2008 diamond drilling intersected potentially economic gold grades • Three northwest trending sub- parallel zones are untested down di
Slide 22: Iyenze Target on Bulyanhulu Trend
Iyenze Target on Bulyanhulu Trend Buly and Iyenze have two high potential targets along Buly-related structures • Target structures under deep cover • Parallel magnetic anomalies and scattered Au in soil Buly • At Iyenze 400m x 150m artisanal mining • Buly trend artisanal mining 200m north of Iyenze
Slide 23: Additional Work
Additional Work Work in anticipation of resource determination and feasibility studies • Modified Gold Deportment – Comprehensive modified gold deportment and initial metallurgical testwork will be conducted on each target as soon as sufficient intersections have been achieved • Resource Determinati
Slide 24: Work Program Schedule
Work Program Schedule Work in anticipation of resource determination and feasibility studies 2012 FIELD AND TECHNICAL JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ACTIVITIES Data review, interrogation, interpretation and target re- assessment Drillling DD Drilling RC Preliminary resource modellin
Slide 25: Investment Summary
Investment Summary • HIGHLY PROSPECTIVE GOLD ASSET: Located adjacent to African Barrick's 20Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt, the 123km2 property has highly prospective geology, encouraging earlier exploration with promising results, and multiple targets identified •
Slide 26: Appendix
Additional Info APPENDIX TSX-V: TEM March 2012 26 www.TemboGold.com
Slide 27: Artisanal Mining Faces
Artisanal Mining Faces Artisanal mining of well developed quartz veins TSX-V: TEM March 2012 27 www.TemboGold.com
Slide 28: Historical Work
Historical Work Historic work provides the impetus for fast track development of exploration TSX-V: TEM March 2012 28 www.TemboGold.com
Slide 29: Bulyanhulu Geology
Bulyanhulu Geology Mineralized reefs along steeply dipping northwest striking structure • A 20 million ounce narrow-vein shear hosted gold deposit with silver and copper mineralisation • Shear zone situated within a narrow argillite unit at a contact within a volcanic sequence • Sulphide mineralizat
Slide 30: Bulyanhulu Long Section
Bulyanhulu Long Section A high grade narrow vein 20Moz deposit >4km long and >2km deep TSX-V: TEM March 2012 30 www.TemboGold.com
Slide 31: Relevance to Tembo Gold
Relevance to Tembo Gold Bulyanhulu structures and geology extend onto Tembo Gold project • Bulyanhulu licence not exhaustively explored • The Bulyanhulu orebody did not present a strong soil geochemistry anomaly • The entire licence is essentially covered by 5-15m of largely transported cover with n
Slide 32: Technical & Local Team
Technical & Local Team The Mineral Corporation hands-on team has a wealth of experience • Dr. Johan Krynauw – Senior Geological Advisor – Thirty-nine years of experience as a geologist, including base and precious metals exploration and exploration management in the Archaean terranes of Africa, with