Bravada Gold Corporation · TSXV:BVA
Bravada Gold — Investor Presentation (April 2013)
32 slides from Bravada Gold's investor presentation, April 2013
Slide 1: April 2013
April 2013 BVA:TSX.V | BRT: FSE
Slide 2: Forward-looking Statement
Forward-looking Statement Some of the statements contained in this presentation may be deemed “forward-looking statements.” These include estimates and statements that describe the Company’s future plans, objectives or goals, and expectations of a stated condition or occurrence. Forward-looking stat
Slide 3: Nevada Focus
Nevada Focus Wind Mountain project Colorback project Cortez/Cortez Hills/Pediment Complex Robertson deposits Pipeline Mine Colorback property NEVADA FACTS Quito project •Produced 5.5MM (5.3MM 2010) oz of gold in 2011, 7% of the world total, 26% from underground mines in 2010 •Proven + probable gold
Slide 4: Projects with Multi-million Oz Potential
Projects with Multi-million Oz Potential Elko Detail Reno Eureka BVA:TSX.V | BRT: FSE 4
Slide 5: Projects with Multi-million Oz Potential
Projects with Multi-million Oz Potential Wind Mountain • 100% owned, gold & silver open pit/heap leach similar to nearby Hycroft Mine • Updated NI 43-101 resource estimate & positive PEA in 2012 • LOI earn-in agreement signed September 2012 with Argonaut Gold Inc • 2013 Drilling underway at Wind Mou
Slide 6: Wind Mountain - Historic Production by Amax Gold
Wind Mountain - Historic Production by Amax Gold 299,259oz Au recovered from 434,089oz Au mined, with 1,769,426oz Ag recovered (closure since 1997) Wind Mountain Open Pit Breeze North Hill Open Pit Deposit Wind Mountain Open Pit Zephyr Target: Single hole w/18m 0.318 g/t Au @ bottom (TD 165m’) BVA:T
Slide 7: Wind Mountain Milestones
Wind Mountain Milestones 100% Bravada owned, gold/silver open pit/heap leach 2006 - Earn-in from Agnico Eagle, who retain 1-2% royalty 2007 - NI 43-101 resource estimate (no Ag resource reported) • M + I = 406,000oz Au (33.7MM short tons @ 0.012opt Au) • I = 92,000oz Au (9.8MM short tons @ 0.009opt
Slide 8: Wind Mountain 2012 NI 43-101 Resource
Wind Mountain 2012 NI 43-101 Resource •Indicated resource increased to 570,500 oz gold from 405,543 ounces, an increase of 164,957 oz •Inferred resource increased to 354,300 oz gold from 92,437 ounces, an increase of 261,863 oz •Indicated resource contains 14,736,000 oz silver, whereas no previous s
Slide 9: Wind Mountain – MDA’s 2012 PEA
Wind Mountain – MDA’s 2012 PEA s BASE CASE - Open-pit contract mining w/ trucks, shovels, mile Hwy 447 appro x 10 ROM leaching, US$1,300/oz Au & $24.42/oz Ag fence Resource inside the pits = 42.1 million short tons of Indicated Resource Guard Station ADR Plant @ 0.011 oz Au/t & 0.26 oz Ag/t, and 2.2
Slide 10: Wind Mountain – MDA’s 2012 PEA
Wind Mountain – MDA’s 2012 PEA $1,690Au & $31.75Ag increases IRR to 74% & NPV@5% to $136.2 million BVA:TSX.V | BRT: FSE 10
Slide 11: Wind Mountain – MDA’s $2000 Pit
Wind Mountain – MDA’s $2000 Pit $2,000 Au Pit Outline Gray – air photo Black – drill holes Red – Indicated Au Resource Yellow – Inferred Au Resource Purple – PEA $2,000 Au Pit* *MDA estimates ~12% increase in oz Au-eq w/in $2,000 pit compared to $1,300 pit BVA:TSX.V | BRT: FSE 11
Slide 12: Wind Mountain – Current Resource & Potential Resource Additions
Wind Mountain – Current Resource & Potential Resource Additions New to 2012 Resource 2007 Resource New to 2012 Resource New to 2013 SouthMin target New to 2012 Resource BVA:TSX.V | BRT: FSE 12
Slide 13: Wind Mountain – 2012 Exploration Program Results
Wind Mountain – 2012 Exploration Program Results BVA:TSX.V | BRT: FSE 13
Slide 14: Wind Mountain Earn-in
Wind Mountain Earn-in Highlights of BVA & Argonaut LOI, September 2012 • Option to purchase 100% of property within 3 years: Complete staged property expenditures totaling $7.5MM $250K completed on exploration targets late in 2012, program planning for 2013 underway BVA will be operator initia
Slide 15: QUITO PROJECT
QUITO PROJECT Austin, Nevada Looking Southeast 1986-1989 production reported 174,460 Oz Au from original published reserve of 1.7MM short tons @ 6.34g/t Au* *Bravada has not independently confirmed either the past production or remaining resource, and these historic figures should not be relied upon
Slide 16: Quito Highlights
Quito Highlights • Discovered by FMC in 1980, grass-roots discovery based on the Sb in jasperoid • In 1984 Inspiration Gold, Inc. formed a JV. Began open-pit mining in May 1986 and ended with underground mining beneath the pit area in November 1989. Ore was processed in a 1000tpd mill utilizing sulf
Slide 17: Quito Targets
Quito Older BC Lower Targets Plate Lower Upper Plate Plate Maggie Spires Alluvium Section 25 Lower Plate Upper Quito Mines Plate Q-4 Older Lower Upper Plate Plate SW Russ BVA Drill Target BVA:TSX.V | BRT: FSE 17
Slide 18: Unmined Historic Resource, Aspen target
Unmined Historic Resource, Aspen target 25’ of 0.517opt 15’ of 0.206opt 25’ of 0.112opt 10’ of 0.367opt ? 25 meters BVA:TSX.V | BRT: FSE NE of Quito open pit, looking to SW
Slide 19: Quito 3D Model
Quito Topography 3D Model Quito open-pit mine Q-4 Russ deposit Cross BVA:TSX.V | BRT: FSE section 19
Slide 20: Russ Target Cross Section
Russ Target Cross Section Upper Plate rocks Proposed drill Upper Plate rocks hole Target: Pre-mineral faults trap gold in Lower Lower Plate Plate rocks below Upper Plate rocks Carbonate rocks Upper Plate rocks 300m *Bravada has not independently confirmed either the past production or remaining reso
Slide 21: Proposed Quito Budget 2012
Proposed Quito Budget 2012 • 1,000m core drilling $233.1K • Geologist for core logging 11.0K • Surface evaluation for new targets 14.3K • 2012 claim fees and filing 70.9K Total US$329.3K BVA:TSX.V | BRT: FSE 21
Slide 22: Quito agreement
Quito agreement BVA spends US$2.5MM over 5 years (6/2016) to earn 70%, then Meridian/Yamana can: • Elect to participate at 30%, • Elect to earn 51% should BVA discover +2MM oz gold deposit by: Paying BVA 300% of BVA expenditures, Funding BVA’s portion of capital repaid out of 80% of BVA’s portio
Slide 23: Cortez District
Cortez District Slaven Cnyn Hilltop Granite Mtn/Colorback NSR North Robertson Gold Acres +18MM oz Au prod NSR South Pipeline +33MM oz Au res Cortez Horse Cortez Hills Cnyn/Mill Creek Pediment Barrick’s Mine or major development project Red Hill Discovery Historic (non-43-101) mineral body (+7MM oz )
Slide 24: Colorback Looking SE along BM-E Gold trend
Colorback Looking SE along BM-E Gold trend Cortez/Cortez Hills/Pediment Complex Robertson deposits Pipeline Mine BVA:TSX.V | BRT: FSE 24
Slide 25: NSR & Colorback
NSR & Colorback Geology Map New CB Claims “leakage” Au body BVA:TSX.V | BRT: FSE 25
Slide 26: Colorback Target
Colorback Target Surface Sample15cm @ 15’ @ 2.29g/t Au Projected ~100’ 18.3g/t Au 5’ @ 0.58g/t Au 40’ @ 0.93g/t Au Projected ~120’ 15’ @ 0.48g/t Au Proposed 1,200’ Core Hole 20’ @ 0.32g/t Au Top of favorable host High-grade Au in Upper Plate in Upper-Plate carbonate unit 200 feet NW View BVA:TSX.V |
Slide 27: Proposed Colorback Budget 2012
Proposed Colorback Budget 2012 • 1,200ft (366m) core drilling $90K • Assays and supplies 9K • Geologist for core logging 10K • Surpac model and targeting 6K • 2012 claim fees and filing 5K Total US$120K BVA:TSX.V | BRT: FSE 27
Slide 28: Cortez District agreements
Cortez District agreements • NSR – BVA spends US$2MM over max. 6 years (by 2/2016), then Agnico-Eagle can: – Elect to accept 2% NSR w/ buy-down to 1% for $1MM, or – Elect to earn back 60% by $4MM expenditures w/ min. $1MM annually & producing bankable-quality feasibility • Agnico can earn an additio
Slide 29: Management & Directors
Management & Directors Senior Management Directors Joseph Kizis – President Joseph Kizis – President, Director Graham Thatcher – CFO Lawrence Page, Q.C. – Director and Chairman Lawrence Page, Q.C. – Legal/business advisor Paul Dircksen – Director Arie Page – Corporate Secretary G. Ross McDonald – Di
Slide 30: Management & Directors
Management & Directors • Joseph A. Kizis Jr. – Mr. Kizis is a Registered Geologist with 35 years experience in exploration for gold, silver, copper, molybdenum, lead, zinc, and uranium in the U.S., Canada and abroad. Currently, he is the President and director of Bravo Gold Corp. and Bravada Gold Co
Slide 31: Corporate Information
Corporate Information Contact: Head Office: Liana Shahinian Bravada Gold Corp. VP Corporate Development Suite 1100-1199 West Hastings St. liana@mnxltd.com Vancouver, BC, V6E 3T5, Canada Tel: 604.641.2773 Market Cap as of February 26, 2013 Warrants Outstanding • $5.17 Million @ $0.045/share • 14,976,
Slide 32: Notes
Notes sll. BVA:TSX.V | BRT: FSE 32 BRAVADA GOLD CORPORATION