Orecap Invest Corp · TSXV:OCI
Orecap Invest — Orefinders Resources — Investor Presentation (December 2012)
29 slides from Orecap Invest's investor presentation, December 2012
Slide 1: Orefinders Resources Inc.
RESOURCES INC. TSX-V: ORX www.orefinders.ca December, 2012
Slide 2: Forward-looking statements
This presentation has been prepared as at December 14th, 2012 and contains “forward-looking statements” relating but not limited to the Company’s expectations, plans, intentions and beliefs, under the provisions of Canadian provincial securities laws. Forward-looking information can often be identif
Slide 3: Management and Directors
Bill Yeomans, P. Geo – President, CEO and Director ◦ A gold exploration professional with over 27 years of experience in all stages of gold exploration throughout the Americas. Currently a director for Xmet Inc. with extensive exploration and management experience with junior and major mining comp
Slide 4: Share structure and capitalization
$1.57 million @ $0.10/share (Directors, Management & Associates) 15.7 million shares (33%) Vendor of Mirado and Derlak Projects (Micon Gold Inc.) 14.1 million shares (30%) Micon Gold Inc. is an unlisted reporting company formed from the amalgamation of Brenbar Mines Ltd., Concopper Enterprises I
Slide 5: Gold projects in two of Canada's prolific gold camps
Gold projects in two of Canada’s most prolific gold camps: Kirkland Lake camp (>40M oz Au past production) Red Lake camp (~25M oz Au past production) Mirado property is an advanced stage gold project located approx. 13km south of the Larder Lake Cadillac Fault Derlak Red Lake located1800m
Slide 6: Abitibi Greenstone Belt
Abitibi Greenstone Belt (2.73-2.67 Ga) >200M oz Au mined along PDF-LLCF 100M oz Reserves Kirkland: 50M oz Au in production to date > $200M in exploration in Kirkland Lake gold camp for 2012 Volcanics and tuffs south of LLCF remain underexplored Deposit model at Mirado similar to Au-Cu-Zn
Slide 7: Mirado volcaniclastic and tuffaceous units
Volcanoclastic and tuffaceous units favourable for disseminated, VMS and replacement polymetallic sulphide veins associated with broad Au zones near faulted contact of two volcanic cycles Mirado recognized as bulk tonnage Au deposit with lithologic and structural controls and potential for 1-5M
Slide 8: Historical drilling focused on North Zone
Historical surface and U/G drilling focused primarily on North Zone shallow (<150m) high-grade Au mineralization located in North and South Zones Historical drilling focused within close proximity to open pit and U/G workings Bulk tonnage gold potential South Zone was completely ignored – larg
Slide 9: IP chargeability and Au-bearing agglomerate
19 10 6 19 4 10 3 6 2 4 1 3 -1 2 Chargeability mV/V 1 -1 Chargeability mV/V Excellent correlation between IP Chargeability Recent IP Geophysics outlines large, mostly and Au-bearing Agglomerate unit as well as untested chargeability anomaly and indicates surface mineralization previously mapped pote
Slide 10: Deep IP chargeability extends potential to >600m
1050-35 1050-37 1050-43 1050-28 86-12 Limit of Exploration and Development < 200m Deep IP Chargeability extends potential mineralization to >600m depth TSX-V: ORX www.orefinders.ca 10
Slide 11: Mirado broad Au zones >600m depth
600m 600m Mirado - broad Au zones > 600m depth related to high grade Au-Ag-Cu-Zn veins and disseminated pyrite in tuffs / volcaniclastics proximal to major fault Doyon-Bousquet-Laronde mining camp produced 22 million oz Au Doyon Zone 2 Main Pit dominated by multiple narrow sulphide veins < 7 c
Slide 12: Historical drilling, workings and metallurgy
>40,000m of historical surface and U/G drilling between 1938 – 1987 * Four levels of underground workings developed to maximum depth of 150m Historic metallurgical work reported 95% Au recovery using direct cyanidation Favorable Bond Work Index reported - 13.78 (Dynatec, 1986) due to low sil
Slide 13: Mirado Pit Stockpile
Mirado Pit Stockpile from Mirado Pit TSX-V: ORX www.orefinders.ca 13
Slide 14: Past metallurgical test work
Past metallurgical test work indicate a low work index of 13.78, classified at 200 mesh Recent petrographic study indicate rock type as Latite (volcanic equivalent to Monzonite) which contains virtually no quartz Gold recovery with direct cyanidation using 0.4 kg/t NaCN and 0.3 kg/t CaO extrac
Slide 15: Estimated timeline toward first NI 43-101 resource estimate
Mirado Development Q1 - 2013 Q2 - 2013 Q3 - 2013 Q4 - 2013 Q1 - 2014 Q2 - 2014 Budget Timeline 13,847m IP Geophysical Survey $200,000 (Completed) Initial Twin Drilling & 4000m DD $560,000 Prospecting Program Exploration & Target 5000m Diamond Drilling $700,000 Drilling Resource/Infill Drilling 6000m
Slide 16: Madsen Headframe and Austin Tuff outcrop
Madsen Headframe from Derlak Property Photo of Austin Tuff outcrop TSX-V: ORX www.orefinders.ca 16
Slide 17: TSX-V: ORX
TSX-V: ORX www.orefinders.ca 17
Slide 18: Red Lake greenstone belt geology
Red Lake greenstone belt has produced 25 million oz gold from 1930 to present (Lichtblau et al, 2010) Property is located <5km SW of Red Lake Town Claims (red) tied onto past producing Madsen Mine held by Claude Resources Inc. Confederation Assemblage (SE) and Balmer Assemblage (NW) (3.0-2.7
Slide 19: Derlak Red Lake patented claims
Derlak Red Lake consists of 11 contiguous patented claims covering ~542.1 acres Property located within the Red Lake Greenstone Belt NW Ontario, <5km SW of Red Lake Town Intermediate to mafic volcanics, intrusions and tuffs of the younger Confederation Assemblage (SE) in contact with the older
Slide 20: Madsen Mine mineralization and Austin and McVeigh Tuffs
Au mineralization in the Madsen Mine is associated with the Austin and McVeigh Tuffs (Balmer assemblage) Both tuffs have been identified by surface mapping and historical drilling on the Derlak Red Lake Property Historic drilling on property is limited and shallow Claude Resources Inc. has r
Slide 21: TSX-V: ORX
TSX-V: ORX www.orefinders.ca 21
Slide 22: Derlak Red Lake Project timeline and budget
Derlak Red Lake Project Q1 - 2013 Q2 - 2013 Q3 - 2013 Q4 - 2013 Q1 - 2014 Q2 - 2014 Budget 16,800m Titan Geophysics Survey $200,000 (Completed) Line-cutting 20,000m $20,000 Exploration & Trenching $50,000 Phase 1 Drilling 1,400m Diamond Drilling $200,000 First Nations - Comunication Compilation of R
Slide 23: Investment highlights
Ability to complete drill program and submit results for a preliminary 43-101 estimate within 12 months in the mining friendly jurisdiction of Kirkland Lake. The Mirado Project is currently under-explored below the -150m level The Mirado 2012 IP survey “Chargeability” results demonstrate strongl
Slide 24: Agglomerate samples with disseminated pyrite
Agglomerate samples collected are Oxidized zone with >30% pyrite. disseminated throughout with 1-5% py and have a strong correlation with Au. Grab sample assayed 442 ppm Au. TSX-V: ORX www.orefinders.ca 24
Slide 25: Mirado and MZ Property option terms
Mirado - Kirkland Lake MZ Property – Kirkland Lake Cash Payments Cash Payments ◦ $25,000 on signing ◦ $20,000 on signing ◦ $50,000 on or before 1st anniversary ◦ $25,000 on or before 1st anniversary ◦ $25,000 on or before 2nd anniversary ◦ $75,000 on or before 2nd anniversary ◦ $25,000 on or bef
Slide 26: Derlak Red Lake option terms
Derlak Red Lake Cash Payments ◦ $10,000 on signing ◦ $20,000 on or before 1st anniversary ◦ $30,000 on or before 2nd anniversary Work Commitments ◦ $200,000 expenditure before 1st anniversary ◦ $300,000 expenditure before 2nd anniversary ◦ $500,000 expenditure before 3rd anniversary Terms of 3
Slide 27: Historical drill holes partially sampled
Majority of historical drill holes were only partially sampled Targets remains relatively untested by drilling below -150m TSX-V: ORX www.orefinders.ca 27
Slide 28: Mineralization open at depth below 150m
Mineralization open at depth below 150m Majority of drill holes are only partially sampled TSX-V: ORX www.orefinders.ca 28
Slide 29: References
IAMGOLD Doyon-Westwood Au Mine Geology and Mineralization http://www.iamgold.com/English/Operations/Operating-Mines/Doyon-Division-Gold-Mines/Geology-Mineralization/default.aspx Amax Minerals Exploration Mirado Project Diamond Drilling Report 1980 http://www.geologyontario.mndmf.gov.on.ca/gospor
Orefinders Resources — Investor Presentation (December 2012) on 6ix