Candelaria Mining Corp. · TSXV:CAND.H
Candelaria Mining — Investor Presentation (2020)
26 slides from Candelaria Mining's investor presentation, Jun 23, 2020
Slide 1: Candelaria Mining Corp. TSXV: CAND
WWW.CANDELARIAMINING.COM TSXV : CAND
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward-Looking Statements: This presentation contains forward-looking information about Candelaria within the meaning of the Securities Act (British Columbia). Forward-looking statements relate to future events or future performance and reflect Candelaria’s expectations regardi
Slide 3: Board & Management
BOARD & MANAGEMENT MANAGEMENT Curtis Turner MBA – CEO & Director Over 15 yrs in the mining industry including significant experience in Mexico overseeing permitting and technical work. He was was a key member of the team at Argonaut Gold that successfully completed four acquisitions totaling over $7
Slide 4: Objective
OBJECTIVE PRODUCE AT PINOS GOLD PROJECT ROUGHLY 13,000 OZ/YEAR COMMENCING 1Q-2021 ALL-IN SUSTAINING COST OF USD $835/OZ. EXPLORE AT CABALLO BLANCO PROJECT CURRENT RESOUCE OF 600,000+ AU OUNCES 7 HIGH IMPACT TARGETS IDENTIFIED (1) All -in sustaining costs (AISC) include mining, processing, direct ove
Slide 5: Capital Structure
CAPITAL STRUCTURE Strategic Partner in Agnico Eagle* (Invested $9.75 million CAD for 9.95% ownership) Capital Structure $CAD Current Price (August 6, 2019) $0.25 Shares Outstanding (Basic) 113.0m Market Capitalization $28m Warrants @ $0.60 12.6m Options 6.6m Shares Fully Diluted 132.2m *For more inf
Slide 6: Project Locations - Mexico
PROJECT LOCATIONS - MEXICO DEVELOPMENT - PINOS DISTRICT – ZACATECAS • High-grade historical gold district; advanced-stage underground epithermal vein system. • PEA – 25% after tax IRR @$1,250 Au, 7 year LOM, 12,700 GEO/ yr at sub $700 cash costs ADV. EXPLORATION - CABALLO BLANCO - VERACRUZ • Advance
Slide 7: Overview
OVERVIEW Caballo Blanco Project • Simple Open Pit Heap Leach Gold Project • Current oxide resource is contained in one zone – La Paila. • Indicated Resource of 521,000 oz Au • Inferred Resource of 95,000 oz Au • Deposit remains open to the south, southwest, northeast and at depth • Gold mineralizati
Slide 8: Candelaria - Portfolio
CANDELARIA - PORTFOLIO Development & Exploration CABALLO BLANCO – OPEN PIT HEAP LEACH • Over 600k oz heap leachable gold mineral resource 0.6 Moz Au Indicated & Inferred • Potential for “Quick Wins” at 7 exploration targets • Vuggy silica breccias, high sulphidation fully oxidized, epithermal gold s
Slide 9: Caballo Blanco District - Veracruz, Mexico
ADVANCED EXPLORATION CABALLO BLANCO DISTRICT – VERACRUZ, MEX 9
Slide 10: General Overview
GENERAL OVERVIEW ▪ Discovery of gold mineralization at Caballo Blanco in the Northern Zone is relatively new for this region of Mexico ▪ Current Resource ~600k ounces of open-pit leachable oxide mineralization at La Paila ▪ The gold is very fine and occurs within a vuggy and brecciated silica altera
Slide 11: Caballo Blanco
CABALLO BLANCO ▪ Located 65 km northwest of the port city of Veracruz. ▪ 14 contiguous mining claims covering 19,815 hectares (198 sq. km). ▪ Pan American Highway transects the eastern boundary of the project. ▪ Power, water, supplies and materials are readily available. ▪ Communications are well es
Slide 12: Resource Estimate - Caballo Blanco
RESOURCE ESTIMATE – CABALLO BLANCO Classification Tonnes (000s) Au g/t Ag g/t Au oz Ag oz Indicated 31,220 0.52 2.16 521,000 2,170,000 Inferred 8,630 0.34 2.14 95,000 590,000 1. The resource estimate is based on 200 diamond drill holes completed since the discovery of the La Paila mineralized zone.
Slide 13: Geology - Caballo Blanco
GEOLOGY – CABALLO BLANCO ▪ High sulphidation, fully oxidized epithermal gold zones. ▪ Andesite host rock with very fine Au contained in 4 different ore types: ▪ Vuggy silica ▪ Massive Silica ▪ Polylithic Breccia ▪ Monolithic Breccia ▪ La Paila Zone located on a large magnetic high ring structure tha
Slide 14: Metallurgy
METALLURGY PREVIOUS METALLURGICAL WORK* • Initial bottle roll testing indicates gold mineralization is highly amenable to leaching. • Mineralization is oxidized to at least 300 metre depth. • Mineralization is benign in leaching as there are no deleterious materials. • Indicates low reagent consumpt
Slide 15: La Paila - Resource Growth Potential
LA PAILA - RESOURCE GROWTH POTENTIAL ▪ Potential to add ounces exists to the north and east ▪ Land previously not explored due to inaccessibility of land • Potential exist to expand resource to the west and south • Area previously designated as waste dump area, but drilling has identified that the o
Slide 16: Exploration Targets - Caballo Blanco
EXPLORATION TARGETS – CABALLO BLANCO There are seven high priority targets in proximity to the current La Paila resources: ▪ Highway North ▪ Low Sulphidation system ▪ Surface Anomaly measures 1.5 x 0.7 km. ▪ Detailed geochemical work yielded grades up to 4 g/t Au ▪ Las Cuevas, Bandera Norte , Bander
Slide 17: Exploration Targets - Caballo Blanco
EXPLORATION TARGETS – CABALLO BLANCO Exploration Targets Near Current Resource Bandera Norte – Bandera Sur – Las Cuevas ▪ 3 Exploration targets lie within a 3km radius to current resource La Paila ▪ Contain the same mineralogical characteristics to those of La Paila: High sulphidation gold epitherma
Slide 18: Development Project Zacatecas Mexico
DEVELOPMENT PROJECT ZACATECAS MEXICO 18
Slide 19: Pinos Gold District
PINOS GOLD DISTRICT can Scania METALLOGENETIC DISTRIBUTION ALONG FRESNILLO AND GUANAJUATO TRENDS PINOS PROJECT Pinos, Zacatecas, Mexico Ss ; ; . ‘ L $2 Pinos. Zacatecas. Mexico 19 PINOS PROJECT
Slide 20: Pinos Gold District
PINOS GOLD DISTRICT Property 29 concessions comprising 3,816 hectares in southeastern region of Zacatecas, Historical Production 33 shafts located throughout district accessing veins varying from less than 1m to over 10 m in width (avg. 1.2 - 1.5 m true width). Mexico. Resource Roughly 90,000 ounces
Slide 21: Pinos Gold District - Economics
PINOS GOLD DISTRICT –ECONOMICS (3) PEA ECONOMIC SUMMARY Preliminary Economic Assessment - Robust economic returns with potential to scale through success of exploration program. Over 80% of district has yet to be explored. Unit Values • Low capital expenditure – USD $13.5 million • Low operating cos
Slide 22: Pinos Gold District - Mineral Resources
PINOS GOLD DISTRICT PINOS UNDERGROUND MINERAL RESOURCES Cuttoff Grade Mine Dilution Tonnes Vein Width Classification Area AuEq g/t Au g/t Ag g/t AuEq ounces (Au g/t) (%) Above Cutoff (m) San José de Peñitas 98,448 4.0 3.0 51.3 1.3 12,661 San Francisco 52,177 6.2 5.0 43.3 1.8 10,319 Indicated 2.2 10
Slide 23: Pinos Gold District
PINOS GOLD DISTRICT ▪ 2017 – exploration program to establish NI 43-101 compliant resource ▪ 5,000 meters of DDH ▪ +3,000 underground channel sampling throughout various levels ▪ 300m of trenching ▪ Grades capped at 6 g/t Au to mitigate nugget effect ▪ 2019 ▪ Robust PEA Completed ▪ 2,300 meters of i
Slide 24: Pinos Gold District - Site Layout
PINOS GOLD DISTRICT – SITE LAYOUT 24
Slide 25: Summary
SUMMARY • Pinos Gold Project fully permitted • Finance & advance Pinos to construction stage before year end 1Q 2020. • Production from Pinos expectedby 1Q21 • Caballo Blanco project envisions a low CAPEX, simple heap-leach open pit mining operation targeting ~100,000 oz/year. • Caballo Blanco Depos
Slide 26: CAND: TSX.V | CDELF: OTC Pink
CAND: TSX.V | CDELF: OTC PINK www.candelariamining.com Vancouver Office Suite 1201 – 1166 Alberni Street Vancouver, BC V6E 3Z3 Canada Email: info@candelariamining.com Phone: 604-349-5992 Fax: 604-682-5596 26