Slide 1: Developing Gold and Base Metal Deposits
WLF-TSX Developing Gold and Base Metal deposits
Slide 2: Fully Financed
FULLY FINANCED WORKING CAPITAL: CURRENT (Approx.) $ 20,000,000 FULLY DILUTED (Approx.) $ 32,000,000 NO DEBT !!!! SHARE STRUCTURE: CURRENT OUTSTANDING: 50,982,878 FULLY DILUTED: 53,246,828
Slide 3: Why Wolfden – Top 5
Why Wolfden – Top 5 1. One of the only exploration/development companies with multiple advanced-stage projects. 2. Canada – little to no political risk – resource based economy. 3. Shares backed by substantial resource base: - + 1 Million ounces of gold - + 30 Million ounces of silver - Nearly 1 Bil
Slide 4: Diversified Exploration Company
Diversified Exploration Company - MULTIPLE ASSETS: - Leverage to Gold & Base Metals: - 5 Gold deposits - 3 Base Metal deposits - UP AND COMING PRODUCER: - 3 Projects at resource definition phase in advance of feasibility.
Slide 5: Success in Exploration
SUCCESS IN EXPLORATION - 2003 West Zone Discovery: - Garnered Wolfden the 2004 PDAC “Bill Dennis Prospector of the Year” Award. - The largest and highest grade Canadian Archean VMS discovery in the last decade. - 2003 East Bay Discovery: - A new resource in the Red Lake camp. - 2005 Bonanza/Follansb
Slide 6: Providing Exposure to High-Grade Copper and Zinc Deposits
PROVIDING EXPOSURE TO HIGH-GRADE COPPER AND ZINC DEPOSITS HIGH LAKE NUNAVUT YUKON PROJECT Whitehorse Yellowknife Hudson N.W.T. Bay MANITOBA QUEBEC BRITISH COLUMBIA ALBERTA SASK. ONTARIO Vancouver Toronto HIGH LAKE PROJECT – 100% OWNED
Slide 7: Slave Region
SLAVE REGION Host to some of the richest mineral Deposits in the world
Slide 8: High Lake Project 100% Owned
114° Coronation Gulf 112° 110° HIGH LAKE PROJECT PORT 0 50 100 High Lake kilometres Deposits High Lake 67° James Project River Ulu Deposit 100% Owned N Hood River Burntside Napaktulik River Lake Gold Deposit or Mine 66° Base Metal Deposit Jericho Diamond Other Prospects Mine Proterozoic Rocks Lupin
Slide 9: Competitive Advantage
COMPETITIVE ADVANTAGE Infrastructure at coast provides significant “value-added” component to the High Lake Project. - Port Facility – Fuel Storage: Supplying northern communities & mines (diamond) in Northern Canada. - Road System: Opens up exploration for and development of additional deposits.
Slide 10: High Lake Project Infrastructure 100% Owned
114° Coronation Gulf 112° 110° 50 km road PORT 0 50 100 High Lake kilometres MINE/MILL Deposits TAILINGS High Lake 67° 55 km winter James Project road River Ulu Deposit 100% Owned N Hood GOLD River MINE Burntside Napaktulik River Lake Gold Deposit or Mine 66° Base Metal Deposit Jericho Diamond Other
Slide 11: High Lake Deposits: +15 Million Tonnes
HIGH LAKE DEPOSITS: +15 Million tonnes Open Pit & Underground Operation Ramp Access Open Pit 007 Zone D Zone A/B Zone West Zone - High Lake is host to some of the highest grade undeveloped massive sulphide deposits in North America: 750 Million lb Copper 1.4 Billion lb Zinc 34 Million oz Silver 500,
Slide 12: High Lake Resource
HIGH LAKE RESOURCE Cu eqv Million Cu eqv. % Cut Cu % Pb % Zn % Au g/t Ag g/t Tonnes % Off High Lake Project - Indicated Resources 2.0 14.3 2.34 0.32 3.53 1.01 75.69 4.70 2.5 12.7 2.48 0.34 3.76 1.08 80.33 5.01 3.0 11.2 2.64 0.36 3.95 1.16 85.07 5.30 Inferred Resources 2.0 1.3 1.17 0.28 3.36 0.78 64.
Slide 13: Northern Exposure
NORTHERN EXPOSURE REWARDS FAR OUTWEIGH THE RISKS!! - North of 60 is vastly under-explored when compared with the south. - Ability to secure large land packages (entire greenstone belts). - Major discoveries have been made at High Lake over the past two years.
Slide 14: Under-Explored
2005 Exploration Success Cairo – +3% Cu in stringer 2005 Sand Lake sulphides and intense Discovery alteration associated with new drilling along West High Lake 2003 West Zone Deposits Zone horizon (2 holes) UNDER-EXPLORED WW Zone – discovery of strong stringer copper Discovery mineralization (6% Cu)
Slide 15: Section of West Zone (looking NW)
Section of West Zone (looking NW) Indicated: 9.1 M tonnes – 4.96% Cu eqv. Inferred: 1.3 M tonnes – 3.32% Cu eqv. 2003 DISCOVERY WEST ZONE The discovery of the West Zone OPEN at High Lake marks the largest and highest grade VMS deposit discovered In North America in (WEST ZONE) over a decade (Louvico
Slide 16: 4.72% Cu and 4.40% Cu High-Grade Intercepts
4.72%Cu, 1.96g/t Au & 22.66g/t Ag - 8.0 meters and 4.40%Cu, 2.18%Zn, 0.82g/t Au & 66.72g/t Ag - 27.0 meters.
Slide 17: Cumulative Frequency of Contained Copper
CONTAINED COPPER (tonnes) Canadian Archean Cu-Zn Deposits (contained Cu) 100.0 Giant Deposits Cumulative Frequency of Contained Cu (%) High Lake West 10.0 Median Cu Content (20,400t) Izok Lake No. 8 High Lake Total Louvicourt Geco Horne Kidd Creek 1.0 THE WEST ZONE RANKS AS ONE OF THE PREMIER COPPER
Slide 18: Cumulative Frequency of Contained Silver
CONTAINED SILVER (Ounces) Canadian Archean Cu-Zn Deposits (Contained Ag) 100 Large Deposits Cumulative Frequency of Contained Ag (%) 10 High Lake West Median Ag Conten = 1.87 Moz High Lake Total TOP 6! Mattabi Geco 1 Kidd Creek Giant Deposits 0.1 30M oz 1 10 100 1,000 10,000 100,000 1,000,000 10,000
Slide 19: Major Exploration Potential
MAJOR EXPLORATION POTENTIAL - Under-exploration increases the likelihood of discovery. - First UTEM target drilled in 2005 resulted in a new copper discovery at Sand Lake. Initial drilling has returned up to 2.71% Cu across 21.0m. - Additional priority target areas are being surveyed prior to drill
Slide 20: High Lake Exploration Potential
HIGH LAKE EXPLORATION POTENTIAL 2005 UTEM X Anomaly X CAIRO ZONE DDH – 3.71% Cu – 2.0m A/B ZONE WW ZONE (Untested) Grabs: 6.16% Cu – 0.8g/t Au 5.66% Cu – 0.7g/t Au D ZONE WEST ZONE + 10M tonnes 007 ZONE STU ZONE HIGH LAKE – EXPLORATION THREE UNTESTED TARGETS!!
Slide 21: Sand Lake UTEM
SAND LAKE UTEM NEW DISCOVERY - Numerous conductors 2.71% Cu – 21 m in favorable geological X environment. - Drill testing of first 1970s drill hole conductor intersects Intersects strong stringer sulphides massive sulphides. - Assessing the potential potentia of mobilizing a barge Surface grab 1.47%
Slide 22: Sand Lake Discovery
SAND LAKE DISCOVERY 2.71% Cu across 21 Meters NORTH EXTENSION (UNTESTED)
Slide 23: Ulu Project – Infrastructure
ULU PROJECT – INFRASTRUCTURE - Fully equipped 50-person camp on site - Full runway allows year-round access to Property - Required heavy equipment for surface and u/g development - Majority of environmental permitting is in place - Inuit Impact Benefit Agreement has been initiated PORTAL • To-date,
Slide 24: Wolfden - Gold
WOLFDEN - GOLD YUKON NUNAVUT Whitehorse Yellowknife Hudson N.W.T. Bay MANITOBA QUEBEC BRITISH MONUMENT BAY COLUMBIA ALBERTA SASK. ONTARIO RED LAKE PICKLE CROW Vancouver Toronto
Slide 25: Red Lake Projects
RED LAKE PROJECTS - Wolfden holds several prospective projects in the Red Lake belt, including several located on the main mine trend that hosts Goldcorp’s Red Lake Gold Mine, the world’s highest-grade gold mine. Key Ultramafic Trend Past Producing gold mine EAST BAY PROPERTY CAMPBELL AND BONANZA &
Slide 26: Red Lake Mine Trend
RED LAKE MINE TREND Host to some of the world’s highest grade gold mines PLACER DOME DC-ZONE PDG 50% WLF 50% 2005 GOLD WLF 100% DISCOVERY GOLDCORP WLF HIGH-GRADE ZONE 100% MARATHON MIN MORE THAN 25 MILLION BONANZA McNEELY FOLLANSBEE PROPERTY OUNCES OF GOLD!!! E PROPERTY TR EN D
Slide 27: Bonanza-Follansbee Project
BONANZA-FOLLANSBEE PROJECT Follansbee Zone SWF-05-20 ? 5.05g/t Au – 34.95m Follansbee Zone Felsic/Mafic Intrusive Rahill Zone 05WB-21 Approximate location Bonanza Zone 3.70g/t Au – 17.0m 05WB-38 Approximate location 29.89g/t Au – 2.0m GEMCOM 3D MODEL Potential Open-Pit/Underground Operation
Slide 28: Section 2+50E
SECTION 2+50E - Broad intersections of gold mineralization in the Follansbee Zone with widths up to over 80m. - High-grade core with intersections of up to 8.66g/t Au across 22m. - Bonanza Zone also contains both bulk-tonnage and higher-grade gold mineralization.
Slide 29: Section 3+00E
SECTION 3+00E 3.34g/t Au – 74.80m - Near-surface gold intersections Incl. 7.70g/t – 11.35m in the Bonanza Zone include: 2.43g/t Au over 33.65 m. - Recent drilling indicates broad intervals of mineralization in the Follansbee Zone. - Wide open for expansion!
Slide 30: Bonanza-Follansbee Project
BONANZA-FOLLANSBEE PROJECT Bonanza Zone Rahill Zone Follansbee Zone SWF-05-20 05WB-21 5.05g/t Au – 34.95m Approximate location 3.70g/t Au – 17.0m Follansbee Zone Felsic/Mafic Intrusive 05WB-38 Approximate location 29.89g/t Au – 2.0m GEMCOM 3D MODEL Potential Open-Pit/Underground Operation
Slide 31: Canadian Open Pit Gold Mines
CANADIAN OPEN PIT GOLD MINES - Troilus – Inmet Mining Corporation Average Grade: 1.0g/t Au Cash Cost per ounce: $ 290/oz Cash Flow 2004: $ 34.5 M - Fort Knox – Kinross Gold (USA) Average Grade: 0.86g/t Au Cash Cost per ounce: $ 243/oz Cash Flow 2003: $ 43.4 M - Porcupine – Placer Dome/Kinross Averag
Slide 32: East Bay Project
EAST BAY PROJECT GAP Zone - EB05-140 2.3m @ 17.67g/t Au High Grade 3D Model G2 G1-A 1.4M tonnes grading 8g/t Au MAIN GAZ ZONE G1 G0 GAZ - EB05-147 4.0m @ 13.25g/t Au G2-A WEST DEEPS Zone Tonnes Au g/t Ounces Au G0 267,620 8.12 63,381 G1 609,510 6.67 118,575 G1a 35,810 9.83 10,267 G2 179,320 7.74 40,
Slide 33: Monument Bay Project – B Zone
MONUMENT BAY PROJECT – B ZONE 70% Bema Gold – 30% Wolfden RESOURCE: 1,715,399 tonnes grading 12.2g/t Au 673,052 ounces @ 0.36 oz/ton Gold - Monument Bay is one of the highest grade undeveloped gold deposits in North America. - One drill currently testing a new high-grade lense.
Slide 34: Monument Bay Seeber River (C-Zone)
MONUMENT BAY SEEBER RIVER (C-ZONE) 32.7g/t Au – 1.3m
Slide 35: Pickle Crow Gold Mines Limited
PICKLE CROW GOLD MINES LIMITED - Past producer of 1.47 M ounces @ 0.47 oz/ton Au - Deep drilling with numerous multi-ounce intersections - No.5 IF with up to .25 oz/ton across 60 feet - Production expected in late 2005
Slide 36: New Mill and Ore Stockpile
NEW MILL AND ORE STOCKPILE (APPROX. 40,000 TONNES)
Slide 37: WLF-TSX Developing Gold and Base Metal Deposits
WLF-TSX Developing Gold and Base Metal deposits The statements made in this Presentation may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations and projections. The TSX Venture Exch