Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — Investor Presentation (June 2014)
16 slides from Strickland Metals's investor presentation, June 2014
Slide 1: Company Presentation: Exploring for a Great W.A. Gold Discovery
www.alloyres.com.au ABN: 20 109 361 195 ASX: AYR COMPANY PRESENTATION Exploring for a Great W.A. Gold Discovery June 2014
Slide 2: The Gold Project – Horse Well
2 of 16 The Gold Project – Horse Well 2014? Yandal Belt in Western Australia Large Gold Exploration play on the same belt as multi million ounce gold deposits Doray Minerals l Farmin Agreement • Fully funded exploration for 2014‐15 • Exploration commencing in July 1990 • Large magnetic targets ident
Slide 3: The Company
3 of 16 The Company A Western Australian based Gold Exploration Company Board of Directors Experienced Corporate Executives Peter Harold Non‐Executive Chairman – (retiring June 30, MD Panoramic Resources) Andy Viner Managing Director – Gold Exploration Geologist Kevin Hart Non‐Executive Director and
Slide 4: Horse Well Project – Yandal Belt Target
4 of 16 Horse Well Project – Yandal Belt Target Looking for the next 5 Moz Gold Deposit • 40km north of Jundee – similar geology • Multiple drill targets for 2014 • Large magnetic targets, numerous soil anomalies • Doray focussed on Crack of Dawn discovery Jundee purchased by Northern Star Resources
Slide 5: Farmin Partner - Doray Minerals
5 of 16 Farmin Partner ‐ Doray Minerals 1. Project attracts Doray Minerals Limited into $2M farmin over 2 years for 60% 2. Minimum Yr 1 expenditure of $900k prior to withdrawal – Additional $150k from State Government EIS grant. 3. Alloy has opportunity to co‐fund 40% after earn‐in or reduce to 20%
Slide 6: Gold Discoveries at Crack of Dawn
6 of 16 Gold Discoveries at Crack of Dawn Two Gold Prospects defined; • Dusk til Dawn and Crack of Dawn • Minimal Mi i l expenditure di anddd drilling illi has h made d discoveries (refer ASX release 27 November 2013 – JORC 2004) 30m @ 2 g/t from 144 metres Extensive Pyrite Alteration 11m @ 3.6
Slide 7: Dusk til Dawn – RC Drill Discovery
7 of 16 Dusk til Dawn – RC Drill Discovery Mineralisation above granite contact in overlying metasediments • 100 – 200m thick mineralised pyritic alteration zone – If gold bearing – significant size is possible p • 18 – 32 metre thick gold zone @ 1.2 – 1.94 g/t Au • Internal higher grade zones of 9
Slide 8: Crack of Dawn Granite
8 of 16 Crack of Dawn Granite Granny Smith deposit style gold mineralisation ^ • Shear‐hosted on Granite contact • Reserve (1992) of 1.4 M Oz* • 3km long, 5‐60m thick, +250m down dip down‐dip • Gold focussed on irregularities in contact orientation • Also gold in overlying BIF • “We have this deposi
Slide 9: Dusk til Dawn Prospect
9 of 16 Dusk til Dawn Prospect Low Cost – High Reward Target • Located on granite contact ‐ 1 kilometre long target • Next drill program in July 2014 Diamond drill hole close to previous RC discovery hole • Follow‐up RC drilling in September to define size and grade Proposed RC sections Di Diamond
Slide 10: Crack of Dawn Granite – Exploration Targets
10 of 16 Crack of Dawn Granite – Exploration Targets North Contact Flat ‘roof’ zone ‐ Untested Entire Granite Contact is prospective • East Contact – 4.5 km of strike East Contact Anomalous Eagle Mining drilling ~ 1995 Faulted Drill anomalies • Northern contact Conceptually a strong target • Wes
Slide 11: Crack of Dawn Regional – Gold Targets
11 of 16 Crack of Dawn Regional – Gold Targets Crack of Dawn Region Targets • Almost no drilling away from Granite • Alloy flew new Aeromagnetics in 2013 • Large ‘de‐magnetised’ Targets defined • Fits with a large 30 km2 alteration system being present
Slide 12: Crack of Dawn - Regional Drilling
12 of 16 Crack of Dawn ‐ Regional Drilling Planned and permitted air‐core program • Commencing in August • 7,000 metres of drilling Granite contact targets De‐magnetised zones Eastern faulted ‘Jundee’ mafic rocks
Slide 13: Regional Gold Targets – Warmblood South
13 of 16 Regional Gold Targets – Warmblood South • Four Gold Resources (100 koz) defined plus Warmblood Discovery in 2012/2013 • Three new soil anomalies along 7 kilometres of strike south of Warmblood (refer to ASX release 14 January 2014) Trucking distance to Jundee
Slide 14: Summary
14 of 16 SUMMARY 1. Under‐explored highly prospective project in Yandal Belt region of W.A 2. Fully Funded 2014‐15 exploration by farmin partner Doray Minerals Limited 3. On the wayy to discoveringg a significant g Gold Mineralised System y 4. Crack of Dawn Granite Target is a ‘Granny Smith deposit’
Slide 15: Company Statements
15 of 16 Company Statements Horse Well Mineral Resources (JORC 2004) JORC GRADE PROJECT PROSPECT CATEGORY TONNES (g/t Au) OUNCES Au Horse Well Palomino indicated 656 000 656,000 2 52 2.52 53 150 53,150 Inferred 105,000 3.71 12,525 Bronco indicated 41,400 1.59 2,117 Filly indicated 161,300 1.56 8,091
Slide 16: Disclaimer
16 of 16 Company Statements Disclaimer This presentation has been prepared by Alloy Resources Limited (“Alloy”). The information contained in this presentation is a professional opinion only and is given i good in d faith. f ith Certain C t i information i f ti in i this thi document d t has h been