Slide 1: Chuscal Presentation Pack
ASX Announcement 8 October 2019 CHUSCAL PRESENTATION PACK With the highly anticipated drilling now underway at the Chuscal gold target, Metminco Limited (ASX: MNC) (“Metminco” or “the Company”) has released the following supporting technical briefing pack. The presentation is focussed on the current
Slide 2: Quinchia Gold District
Focussed on the under-explored potential of Colombia Quinchia Gold District Chuscal Technical Presentation (Drilling Underway) October 2019 Drill Platform and rig at Chuscal 30th September 2019 1
Slide 3: Important Information
Important Information NATURE OF THIS DOCUMENT This presentation has been prepared by Metminco Limited (ACN 119 759 349) (Metminco or the Company). The information is based on Such factors include, among others, the actual market price of gold, the actual results of future exploration, changes in pro
Slide 4: A Leading Colombian Gold Explorer
A Leading Colombian Gold Explorer Focused on the highly endowed Mid-Cauca, Gold and Copper-Gold Belt in Colombia. Dominant control in two gold districts: Quinchia District: 2,846Ha granted titles (100% Interest incl, Miraflores ML), plus ~ 6,000Ha applications, plus 497Ha in the Chuscal JV1 Andes Di
Slide 5: Why Colombia - The Size of the Prize!
Why Colombia - The Size of the Prize! Host to many multi-million ounce discoveries1: ❑ La Colosa: largest to date @ >25 Moz Au ❑ Buritica: in the headlines with high grade gold Murindo intercepts. P&P reserve of 3.7Moz @ 8.4g/t and M&I resource of 5.7Moz @ 11g/t Buritica - PP: 3.7Moz @ 8.4gpt ❑ Titi
Slide 6: Major investment flowing into Colombian Gold
Major investment flowing into Colombian Gold Growing appetite to fund exploration and development: Newmont GoldCorp: US$166M investment into Continental Gold (May 2017 - July 2019) RK Mine Finance: US$275M debt finance to Continental Gold (Jan 2017) Eric Sprott: US$25M placement into Continental Gol
Slide 7: The Quinchia Gold Project
The Quinchia Gold Project A Mineral District with a cluster of porphyry stocks, breccias and epithermal vein occurrences. Metminco controls the key targets Targets requiring evaluation and unexplored potential in applications Miraflores Deposit ❑ 877,000 ounce Mineral Resource (9.27Mt @ 2.82g/t Au)
Slide 8: Chuscal – Regional setting
Chuscal – Regional setting Targets over K radiometrics & RTP contours Targets and Geology interpreted from geophysics The porphyry stock and breccia system mapped at Chuscal is hosted within the much larger Irra Monzonite of Cretaceous age. This is an unusual setting. This has potentially channeled
Slide 9: Chuscal Geochemistry – Extensive Surface gold anomaly
Chuscal Geochemistry – Extensive Surface gold anomaly Large soil geochemical anomaly averaging 1.76 g/t Au1 Grades up to 54 g/t Au in surface sampling2 Main Zone: 900m x 530m, with average rock chip sample Underground channel samples with grades up to 250g/t. grade of 1.79 g/t Au (uncut) or 1.33 g/t
Slide 10: Chuscal – Maiden Drill Program – October 2019
Chuscal – Maiden Drill Program – October 2019 Up to 7 holes planned for ~2,400m of drilling Average depth of 350m HQ3/NQ diamond core drilling Test major known gold-mineralised structures and their relationships in the core of large zone of surface alteration and surface geochemical anomalism Near s
Slide 11: Tesorito – Compelling results so far
Tesorito – Compelling results so far Tesorito is a porphyry system, located only 500m away from the proposed plant site at Miraflores and ~2km from Chuscal N-S structure Prior assay results point to Tesorito being a significant near surface controlling mineralisation at porphyry gold target a macro-
Slide 12: Potential to Launch into Development Trajectory
Potential to Launch into Development Trajectory Miraflores advanced mining approvals stage, could start trial mining now Chuscal just 2kms from Miraflores project with its established mineral Reserve and Feasibility study Potential for higher grade results at Chuscal to improve economic viability of
Slide 13: Contact Information
Contact Information Jason Stirbinskis Managing Director +61 407 417 944 jstirbinskis@metminco.com.au 12
Slide 14: Resources and Reserves
Resources and Reserves Miraflores Mineral Resource Estimate, as at 14th March 2017 (100% basis) Resource Classification Tonnes (‘000) Au (g/t) Ag (g/t) Contained Metal (Koz Contained Metal (Koz Au) Ag) Measured 2,958 2.98 2.49 283 237 Indicated 6,311 2.74 2.90 557 588 Measured & Indicated 9,269 2.82