Laurion Mineral Exploration Inc. · TSXV:LME
Laurion Mineral Exploration — Investor Presentation (December 2011)
25 slides from Laurion Mineral Exploration's investor presentation, December 2011
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Slide 2: Cautionary Statement
Cautionary Statement Certain statements contained in this presentation may constitute forward-looking statements. These statements relate to future events or Laurion's future performance. All statements, other than statements of historical fact, may be forward-looking statements. Forward-looking sta
Slide 3: Laurion's Vision Statement
Laurion’s Vision Statement “Increase shareholder value, through focused acquisition, exploration and development, with the ultimate goal of monetizing the company’s assets“ Acquisition: Focusing on evaluating development stage gold properties in geopolitically safe operating jurisdictions Exploratio
Slide 4: Key Development Asset and Key Exploration Asset
Key Development Asset Bell Mountain Project, Reno, Nevada, USA - Targeting 2013 gold and silver production - Current NI 43-101 resource 311,047 Oz AuEq - Additional resource potential at depth and laterally - Preliminary Economic Assessment (PEA) report commenced - Environmental Assessment (EA) perm
Slide 5: Why Invest in Laurion Mineral Exploration?
Why Invest in Laurion Mineral Exploration? Well defined and achievable objectives: • Targeting gold/silver production at Bell Mountain by 2013 • Advancing the Sturgeon River property with aggressive drilling, adding ounces and increasing the resource component Share price drivers: • Re-rating potent
Slide 6: Laurion's Comparative Market Value
Laurion’s Comparative Market Value Market Value to Gold Resources 500,000 Mountain Boy 450,000 Lincoln Mining Galantas Gold Ni43-101 Gold Resources OzEq 400,000 Harte Gold 350,000 Laurion Scorpio Gold 300,000 250,000 200,000 Plato Gold 150,000 Typhoon Exploration 100,000 50,000 0 Resources 0 10 20 3
Slide 7: Bell Mountain – Nevada, USA
Bell Mountain – Nevada, USA Located on eastern margin of the Walker Lane Mineral Belt Mineralization open laterally and to depth Only 4% of total land package (2900 acres) drilled Two vein systems can be traced on surface for 1,800m and 900m NI 43-101 Compliant Resource: 311,000 AuEq (Spurr,
Slide 8: Bell Mountain Resource Growth Profile
Bell Mountain Resource Growth Profile Resource on Bell Mountain Acquisition (Q3 -2010) 133,870 oz AuEq 133,870 ozs gold equivalent*, including 2,535,286 ozs silver +232% Resource following 56 hole drill program (Q4-10)** 311,647 oz AuEq Average Average Total Tonnage ('000 Gold Gold (grams) Gold (ozs
Slide 9: Bell Mountain – Topography and Mineralization
Bell Mountain – Topography and Mineralization Quartz Vein Stockwork Calcite Veining Multi-Faced Stockwork 9
Slide 10: Bell Mountain – Location and Infrastructure
Bell Mountain – Location and Infrastructure Hwy 50 to Reno – 95km Highway 361 Fairview Bravo 17 Peak Bell Mountain Bombing Range Bell Mountain Project 10
Slide 11: Nevada Open Pit / Heap Leach Comparables
Nevada Open Pit / Heap Leach Comparables Heap Leach Pad Varga Pit Spurr Pit Sphinx Pit Mine Grade Grade Recovery Recovery $/tonne of ore Cash Cost per (Open Pit /Heap Leach) g/t Au g/t Ag Au Ag processed ounce Delores, Mexico - Minefinders 0.66 41.25 79% 21% $9.03 $430-$475 Borealis, NV - Gryphon Go
Slide 12: Bell Mountain Project Profitability Analysis
Bell Mountain Project Profitability Analysis Cash Cost Sensitivity Analysis NI 43-101 Metal Mid-Range Metal Current Metal Prices Prices Prices Gold Price per ounce $1,149.00 $1,300.00 $1,800.00 Silver Price per ounce $20.92 $30.00 $40.00 Cash Cost Estimate $553 $502 $485 Break even Cash Cost per oun
Slide 13: Comparative Case Study–Nevada Open Pit/Heap Leach
Comparative Case Study–Nevada Open Pit/Heap Leach Laurion Mineral Lincoln Mining Scorpio Gold Exploration Corporation Corporation Properties • Bell Mountain (Gold/Silver, • Pine Grove (Gold, Nevada, • Mineral Ridge (Gold, (Metal, Location, Nevada, 100%, 100%, Development) Nevada, 100%, Ownership, St
Slide 14: Sturgeon River Property Beardmore, ON
Sturgeon River Property Beardmore, ON PROPERTY HIGHLIGHTS • Situated in the Beardmore-Geraldton Gold Camp - one of the seven Archean Greenstone Camps - with historical production over 4 million ounces gold • Excellent infrastructure: Road access, labour and power supply • Past producing mine (Produc
Slide 15: Beardmore-Geraldton Gold Camp
Beardmore-Geraldton Gold Camp LynxLynx property Property (Sage (Sage Gold) Gold) Dikdik Mine Dikdik Mine Maloney Sturgeon Maloney Sturgeon Mine Mine Bankfield Mine Mine Bankfield Hercules Property (Prodigy Gold) Green Green Oaks Oaks Mine Mine Sturgeon Sturgeon River River Mine Mine Tombill Mine Tom
Slide 16: Sturgeon River Property Beardmore, ON
Sturgeon River Property Beardmore, ON Total Land Package 5,082 Hectares Legend – Claims Orange - Sturgeon River – 1,635 ha Purple - Sturgeon North Claims – 2900 ha Black - Prodigy Gold – 336 ha Red – Jubilee Gold - 64 ha Blue – Beaurox Leases - 447.35 ha 16
Slide 17: Beaurox Property
Beaurox Property • Target Deposit suggests a combined strike length of 6,000m for 3 zones, assuming minimum vertical depth of 250m and average true width of 2.5m. • Approx. 20,836m of drilling (197 holes) completed. • "D" Zone appears to be on strike with the Tehya Zone, thus indicating that the pot
Slide 18: Sturgeon River Mine
Sturgeon River Mine In-situ resource estimate of 400,000 tons @ 0.15 oz/ton (1986) Historic Shaft – Produced 1936-1942 Surface stock pile contains 9,474 ounces gold (compliant resource) 3,511m of drilling completed, confirming continuity of mineralization at depth: Drill hole - LME10-08 17.50 g/t Au
Slide 19: Sturgeon River - Ahmik Zone
Sturgeon River - Ahmik Zone AHMIK ZONE Gold in soils anomalies (1970 survey). Assays over 3.0 g/t gold Sturgeon River Shaft 19
Slide 20: Sturgeon River – Volcanic Massive Sulphide Zones
Sturgeon River – Volcanic Massive Sulphide Zones LME11-025 LME11-024 - 9.91 g/t Au, 2.8 g/t Ag (1.0m) Incl. 17.50 g/t (0.5m) LME11-024 - 7.59 g/t Au, 2.0 g/t Ag, 1.01% Zn (1.26m) Incl. 12.90 g/t Au, 3.4 g/t Ag, 1.73 % Zn (0.73m) LME11-025 - 0.11g/t Au, 3.0 g/t Ag, 0.07% Cu, 0.68% Zn (4.58m) Incl. 3.
Slide 21: Sturgeon River - Asha Zone
Sturgeon River - Asha Zone Highlights from the Asha Zone include: 9.87 g/t gold with 136 g/t silver 8.04 g/t gold with 59 g/t silver 3.71 g/t gold with 9 g/t silver 2.49 g/t gold 2.04 g/t gold 1.51% zinc, and 10 more samples graded between 0.5 g/t and 2 g/t gold Sturgeon River Shaft LME11-018 2.3 g/
Slide 22: Sturgeon River - Tala Zone
Sturgeon River - Tala Zone Additional target for shear hosted gold and possible gold rich VMS deposit • VLF-EM anomaly over 1 km strike length • Zinc in soils anomaly (1970 survey) • Highlights from the Tala Zone include: 124 g/t Au with 79 g/t Ag 24 g/t Au 6.1 g/t Au with 85 g/t Ag 5.72 g/t Au with
Slide 23: Sturgeon River – Exploration Plan/Budget
Sturgeon River – Exploration Plan/Budget Target Timing Exploration Work Budget Asha Zone Completed Q2 2011 Drill 6 holes on strong IP targets $215,000 √ Tehya Zone Completed Q2 2011 Drill 2 holes between LME10-07 and LME11-017 $30,000 √ Jubilee (Tehya Zone) Completed Q2 2011 Drill 3 holes (unbudgete
Slide 24: LME Overall Budget to End Q4-2012
LME Overall Budget to End Q4-2012 Current Cash Position - $800k Sturgeon River Exploration Bell Mountain Development SG&A and IR $1.7M $925k $800k (SG&A, IR) EA ($350k), PEA ($175k), Phase 1 – $732k drilling on Sphinx zones Remaining ($348k) ($200k), metallurgical test work ($50k), Other ($150k) Pha
Slide 25: Strong Management Team and Sector Expertise
Strong Management Team and Sector Expertise • Cynthia Le Sueur-Aquin, President & CEO • Michael Bourassa, Secretary & Director • David Burkes, Director • Neil Westoll, Director • Terrence Byberg, Director • Gerard Lanthier, Director • Technical Consultants – GeoVector Management - Joseph Campbell, P
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