Mcewen Inc. · NYSE:MUX
Mcewen — U S Gold — Investor Presentation (March 2009)
24 slides from Mcewen's investor presentation, Mar 9, 2009
Slide 1: US Gold
[LOGO] US GOLD NYSE Alternext TSX UXG 23% Chairman / CEO Ownership
Slide 2: Gold is Money
Gold is Money
Slide 3: Nevada - Great Gold Address
Nevada - Great Gold Address Midas Meikle Betze-Post Deep Post Carlin Gold Quarry Emigrant Rain Phoeni Hilltop Gold Acres Pipe Cortez Hills ET Blue 65MM oz. 180MM oz. Gold Acres Cotez Hills Ruby Hill/Archmedes Gold Mines/Deposits 1 10 miles Las Vegas Reno NEVADA Elko CORTEZ TREND CARLIN TREND
Slide 4: UXG's Big Assets
UXG's 2 Big Assets Nevada, 170 sq. miles next to 39 Million oz Gold Mexico, Exciting New High Grade Silver / Gold Discovery
Slide 5: Building Our Nevada Base
Building Our Nevada Base 1.4 2.3 Million oz Gold
Slide 6: Tonkin 2008 Resource Nevada
Tonkin 2008 Resource Nevada Measured & Indicated 1.45 MM oz (+14%) Inferred 0.31 MM oz (+103%) 0 0.5 1 Miles 0 0.5 1 Km Barrick US Gold 0 4 Miles 0 6 Km Newmont 2008 NI 43-101 * Canadian Resource NI 43-101 Ore Reserve Engineering (May 08)
Slide 7: Gold Bar 2008 Resource - Nevada
Gold Bar 2008 Resource - Nevada Indicated 0.45 MM oz Inferred 0.09 MM oz 0 150 300 Meters 0 500 1,000 Feet N Barrick US Gold Newmont 2008 NI 43-101 Canadian Resource NI 43-101 Ore Reserve Engineering (May 08)
Slide 8: Mexico gold resource peers map
United States Agnico-Eagle 2.5 MM oz Alamos 1.5 MM oz Minefinders 4.5 MM oz Gammon Gold 5.6 MM oz Goldcorp 1.9 MM oz US*Gold [LOGO] 0.8 MM oz Pacific Ocean Goldcorp 20 MM oz Mexico
Slide 9: Magistral District, 700,000 acres
Magistral Distract 700,000 acres Durango Pacific Ocean Sinaloa Chihuahua Durango El Chapotillo Texcalama El Gallo Magistral Palmarito Palmarito II Legend US Gold Property US Gold Property Pending Advance Exploration Early Exploration 0 5 10 Km 0 2.5 5 Miles
Slide 10: El Gallo: New Discovery
El Gallo: New Discovery Magistral 540,000 Au oz Palmarito: 11.8MM Ag Upside 700,000 Acres
Slide 11: Magistral High Grade Zone Cross Sectional View
Magistral High Grade Zone Cross Sectional View 0.14opt Au/165 ft 200 ft - 400 ft - 0.21 opt Au/133 ft 0.10opt Au/60ft 0.10opt Au/72ft 0.20opt Au/49ft 0 400 Feet 800 0 100 200 Meters 0.09opt Au/104 ft
Slide 12: El Gallo New Results [Mar 2, 2009]
El Gallo New Results [Mar 2, 2009] BIG GRADES! 32 opt Ag / 104 ft inc. 305 opt Ag / 4 ft
Slide 13: El Gallo drill hole results table
Hole Number Grade Silver (gpt) Grade Gold (gpt) Length GAX001 116 1.5 And 104 1 And 340.7 2.8 6.1 Including 669.0 14.3 0.9 GAX002 149 1.5 And 184 2 And 607.9 5.4 Including 1260.0 0.7 And 585 1.8 GAX003 354.6 23.8 Including 1250.0 2.0 Including 1148.2 1.2 1.7 And 179.5 4.3 And 139.5 2.0 GAX004 183.2
Slide 14: El Gallo drill hole results table (continued)
Hole Number Grade Silver (gpt) Grade Gold (gpt) Length GAX006 GAX007 GAX008 And And And GAX009 GAX010 Including Including And And And Weighted Avg Grade (gpt) Weighted Avg Width (m) 171.5 Pending 370.5 1,593.20 595 161.9 Pending 1,082.40 6,046.1 10,461.0 166.6 195.6 463.2 494 7.1 32.80 20.3 10.5 4.9
Slide 15: Core Hole Locations
Core Hole Locations Legend Mineralization Core Hole Location Drill Hole Trace GAX001 = Drill Hole # 211900 212100 212300 2843400 2843200 GAX004 GAX008 GAX001 GAX003 GAX010 GAX005 GAX002 0 50 100 Meters N 0 150 300 Feet 211900 212100 212300
Slide 16: El Gallo - Big Growth Potential
El Gallo - Big Growth Potential Plan [Aerial]View 212100 212300 Silver Mineralization Gold Mineralization Drill Targets Cross Section Next Slide 2843400 2843400 2843200 2843200 211900 212100 212300 0 50 100 Meters 0 150 300 Meters
Slide 17: El Gallo Cross Section
El Gallo Cross Section GAX001 GAX002 Legend Core Hole Conventional Rotary Hole Vertical Vein #1 Vertical Vein #2 Shallow Dipping North Vein 0 50 100 Feet 0 10 20 Meters
Slide 18: El Gallo - High Grade Results [Feb 12.09]
El Gallo - High Grade Results [Feb 12.09] Cross Sectional View 150 ft - 341 gpt Ag, 2.8 gpt Au/6.1m 250 ft - 350 ft - 608 gpt Ag/5.4m 355 gpt Ag/23.8m & 585 gpt Ag/ 1.8m Silver Mineralization Gold Mineralization Drill Targets 0 50 100 Feet 0 50 100 Meters
Slide 19: El Gallo - High Grade Results [Mar 2.09]
El Gallo - High Grade Results [Mar 2.09] Cross Sectional View Silver Mineralization Gold Mineralization Drill Targets 0 150 300 Feet 0 50 100 Meters 150 ft 250 ft 350 ft 1,082 gpt Ag/31.7m inc. 10,461 gpt Ag/1.2m 1,593 gpt Ag, 33 gpt Au/4.9m
Slide 20: Exploration Model Goldcorp's San Dimas Mine
Exploration Model Goldcorp's San Dimas Mine ELEV. 0 m 250 m 500 m 1000m SURFACE ARGILLIC ALTERATION STOCKWORK BONANZA ORE SHOOTS LOWER ZONE NO ORE TRACE ELEMENT ZONATION As Sb Au Ag-Au Pb Zn Cu
Slide 21: El Gallo Soil Survey
El Gallo Soil Survey 0 50 100 Meters 0 200 400 Feet Silver in Soils High Soil Assay
Slide 22: Looking to Accelerate Exploration
Looking to Accelerate Exploration
Slide 23: UXG share price and warrants
[LOGO] 96 Million Shares UXG NYSE.A - $2.05* / Share Avg. Daily Vol**: 922,000 TSX - $2.68* / Share 7 Million Warrants UXG.WT *As of Mar 5, 2009 **3 month avg. daily volume
Slide 24: UXG Market Cap.
UXG Market Cap. US $198 Million CDN $259 Million No Debt Cash US $15.8 Million* Rob Owns 23% *Sept 30, 2008