Firestone Ventures Inc. · TSXV:FV.H
Firestone Ventures — Investor Presentation (June 2009)
40 slides from Firestone Ventures's investor presentation, June 2009
Slide 1: Drilling for High-grade Zinc on the Torlon Property, Guatemala
Drilling for High‐grade Zinc on the Torlon Property, Guatemala Toronto Venture Exchange Symbol: FV Frankfurt Exchange Symbol: F5V Corporate Presentation – June 2009
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation contains forward looking statements; including in particular, statements about Firestone Ventures Inc.’s plans, strategies and prospects. These have been based on the Company’s current assumptions, expectations and projections about future events. Although the Comp
Slide 3: Firestone Overview
Firestone Overview Focused on zinc‐lead exploration and development. Extensive property holdings (500 km sq) in two historic zinc‐lead mining districts of Guatemala, Central America. The Cuchumatanes and Coban carbonate mining districts have not been explored using modern methods, despite the histor
Slide 4: Management & Directors
Management & Directors Lori Walton, M.Sc., G.G., P.Geol. – President and CEO, Director 25 years’ experience managing projects, exploration programs and joint ventures Greg Hayes, C.A. – CFO President of Northern Tiger Resources Inc. John Cleary, M.Sc., G.G., C.P.G. – Vice President, Exploration 35 y
Slide 5: Capital Structure
Capital Structure Shares Issued: 70,459,757 Fully Diluted: 78,660,550 Recent Share Price: $0.12 52 week high/low: $0.04 to $0.45 Working Capital: $ 700,000
Slide 6: Outstanding Warrants & Options
Outstanding Warrants & Options Exercise Price Number Value Expiry Date Warrants $0.50 1,715,793 $ 857,897 Jan. 14, 2010 Options $0.11 325,000 $ 35,750 July 28, 2009 $0.10 50,000 $ 5,000 July 28, 2009 $0.11 75,000 $ 8,250 August 8, 2009 $0.15 125,000 $ 18,750 March 30, 2010 $0.18 425,000 $ 76,500 Mar
Slide 7: About Zinc
About Zinc The 4th most common metal in use after iron, aluminum and copper. Occurs naturally in the human body. Necessary for humans, animals and plants. Important for the immune system, pregnant women, healthy skin and is crucial for learning. Found in many foods, including broccoli, and is used a
Slide 8: Uses of Zinc
Uses of Zinc 50% of zinc is used in galvanizing to protect steel from corrosion. Zinc roof
Slide 9: Uses of Zinc
Uses of Zinc 16% of zinc is used in production of zinc alloys (die casting).
Slide 10: Uses of Zinc
Uses of Zinc 19% of zinc is used to make brass.
Slide 11: Uses of Zinc
Uses of Zinc The average car contains: 20 lbs of zinc for door handles, locks and other die cast parts. 17 lbs of zinc for rust protection. ½ lb of zinc in each tire.
Slide 12: Uses of Zinc
Uses of Zinc Zinc is also used in: Fertilizer Vitamins Sunscreen Watercolors Paints Batteries
Slide 13: Zinc Deposits & Mining
Zinc Deposits & Mining Zinc is found as two types of ore: 1. sulphide (metallic) ore, which is more common than, 2. non‐sulphide (non‐metallic ore, also called “oxide zinc”). 1. 2. Metallic Zinc Ore: Sphalerite Non‐ Metallic Zinc Ore: Smithsonite
Slide 14: Zinc Sulphide Ore Deposits
Zinc Sulphide Ore Deposits Most zinc deposits are sulphide deposits where the zinc mineral (usually sphalerite – ZnS) is concentrated at the minesite then shipped to refineries/smelters for processing into zinc metal.
Slide 15: Zinc Oxide Ore Deposits
Zinc Oxide Ore Deposits There are about 40 known non‐metallic zinc occurrences (popularly known as “zinc oxide”) and deposits around the world. Examples include: Skorpion Mine (Namibia) Angouran Mine (Iran) Accha deposit (Peru), Shaimerden Mine (Kazakhstan) Jabali Mine (under construction ‐ Yemen) Z
Slide 16: Zinc Outlook
Zinc Outlook 20 zinc smelters curtailed production Improved economic outlook for China, infrastructure programs Stockpiling of zinc by China’s State Reserve Bureau Few zinc pure‐plays
Slide 17: Guatemala
Guatemala Underexplored, very little modern mineral exploration Democratic government with 13 million people Two mines opened in the past three years Access to Pacific and Atlantic Ocean Ports Infrastructure spending
Slide 18: Firestone's Guatemala Holdings
Firestone’s Guatemala Holdings
Slide 19: Guatemala Zinc-Lead-Silver Districts
Guatemala Zinc-Lead-Silver Districts Breakwater Resources El Mochito Mine Pb‐Zn‐Ag
Slide 20: Torlon Hill Zinc-Lead Property
Torlon Hill Zinc-Lead Property The Torlon lead and zinc occurrences have been mined for centuries. Spanish priests taught locals to build a smelter to produce lead bars.
Slide 21: Torlon Hill Zinc-Lead Property
Torlon Hill Zinc-Lead Property The Torlon Cooperativa (54 families) owned and operated the smelter until recently. The Cooperativa invited mining companies to help develop the zinc‐ lead‐silver potential. Pick and shovel hand tunnels to recover residual galena nuggets for smelting into lead bars Hig
Slide 22: Torlon Hill Zinc-Lead Property
Torlon Hill Zinc-Lead Property Firestone Ventures conducted the first‐ever drill program at Torlon Hill in early 2006. We have used small, environmentally friendly, manually portable drills supplied by Kluane Drilling.
Slide 23: Torlon Hill Zinc-Lead Property
Torlon Hill Zinc-Lead Property Firestone Ventures Inc. completed a 100% purchase option with the Torlon Cooperativa to acquire the property. Moving the drill
Slide 24: Since 2006, Firestone has completed three drill campaigns
42.5 m of 9.7% zinc Serpentinite (on west side of Torlon Hill) “Bulge” area of high‐grade zinc on surface Permian carbonate sequence 33 m of 21% zinc 9.7 m of 9.1% zinc 53 m of 10.2% zinc (from surface) Access road Rural electrical power Since 2006, Firestone has completed three drill campaigns with
Slide 25: Torlon Hill Drilling
Torlon Hill Drilling Intersections include: Hole Thickness Zinc Lead Silver TH06‐2 33.0 m 21.0% 1.4% 8.0 g/t TH06‐13 53.3 m 10.2% 1.7% 13.0 g/t TH06‐14 6.7 m 12.5% 0.4% 5.0 g/t TH06‐23 22.9 m 11.3% 3.4% 25.0 g/t TH06‐27 19.8 m 13.2% 2.9% 20.0 g/t TH06‐28 15.8 m 19.5% 2.3% 16.0 g/t TH06‐41 25.6 m 10.
Slide 26: Torlon Hill Mineralization
Torlon Hill Mineralization Mineralization at Torlon Hill consists of zinc carbonate (smithsonite) and lead carbonate minerals with minor amounts of galena. Some drill holes intersect thin (1 to 2 m thick) zones of massive pyrite‐ galena‐sphalerite at the bottom of the hole just above the contact wit
Slide 27: Torlon Hill Mineralization
Torlon Hill Mineralization Core from Drill Hole TH06‐02. Zinc mineralization is in the form of smithsonite, a zinc carbonate. This section returned over 40% zinc.
Slide 28: Torlon Hill Mineralization
Torlon Hill Mineralization Drill Intersection showing “zinc zap” reaction
Slide 29: Torlon Hill Zinc-Lead-Silver Deposit
TORLON HILL ZINC‐LEAD‐SILVER DEPOSIT Area Drilled to Date Permian Carbonate Formation Serpentinite Torlon Hill is an intensely oxidized zinc‐lead deposit hosted in Permian dolostone breccia and limestone. The carbonate unit has been tectonically thrust over a serpentized basement sequence at the bou
Slide 30: Cuchumatanes Zinc-Lead-Silver District
Cuchumatanes Zinc-Lead-Silver District Lead‐zinc‐silver deposits in the Cuchumatanes district are replacement deposits in Permian limestone. The district lies on the northern boundary of the junction of two tectonic plates. Tectonic brecciation has contributed to oxidation of primary galena, sphaler
Slide 31: Resources (Torlon Hill)
Resources (Torlon Hill) Measured and Indicated ‐ Oxide Resource: 1.9 million tonnes grading 7.32% zinc, 2.41% lead and 14.25 g/t silver Measured and Indicated ‐ Sulphide Resource: 76,054 tonnes grading 3.23% zinc, 2.60% lead and 12.50 g/t silver Inferred Oxide Resource: 170,000 tonnes 4.42% zinc, 1.
Slide 32: Torlon Hill Ore Resource Estimate
Torlon Hill Ore Resource Estimate 3‐D View of Torlon Deposit Looking East Purple – Zinc Oxide Resource Green – Zinc Sulphide Resource
Slide 33: Metallurgical Results
Metallurgical Results Initial Metallurgical Testing at SGS Lakefield was conducted on a sample with an average grade of 11.3% zinc and 3.97% lead. Dense Media Separation: 55% of carbonate was removed with losses of 5% of the lead and 8% of the zinc. Flotation: Flotation testwork produced zinc and le
Slide 34: Metallurgical Results
Metallurgical Results A preliminary characterization test was carried out to assess the amenability of zinc at Torlon Hill to acid/alkaline leaching with the production of zinc metal through electrowinning. Initial test results were on an ore sample (not pre‐concentrated) returning an average grade
Slide 35: Community Relations
Community Relations Community projects are implemented through an existing community cooperation agreement with people who live in the area. The projects are put forward by community members and agreed to by consensus. Typically the communities supply labor and the Company provides the materials nee
Slide 36: Community Relations
Community Relations Examples of completed projects include: Stream Crossing Footbridge Maintenance and Repair People from six communities provided labor over five months to build a platform so the local stream could be crossed safely in the rainy season.
Slide 37: Community Relations
Community Relations School Bathroom Construction Community Kitchen Construction
Slide 38: Our Progress
Our Progress Firestone Ventures signed an agreement to acquire the Torlon Hill zinc‐lead‐silver project in December, 2004. The first drill program at Torlon Hill took place in early 2006. To date, CDN $5 million has been spent on acquisition, exploration and advancement of the project. Completed 840
Slide 39: Investment Proposition
Investment Proposition Successful spin‐out of Canadian assets in a strategic partnership with Capstone Mining allowed Firestone Ventures to reduce dilution, share expenses and focus on becoming a zinc‐only company. Pure zinc play. Preliminary resource outlined open to expansion. Mineralization on or
Slide 40: www.firestoneventures.com
www.firestoneventures.com 1‐888‐221‐5588
Firestone Ventures — Investor Presentation (June 2009) on 6ix