Barkerville Gold Mines Investor presentation q The last great Canadian gold mining camp controlled by a junior mining company.

Transcription

1 Barkerville Gold Mines Investor presentation q The last great Canadian gold mining camp controlled by a junior mining company. 1

2 Forward Looking statement This presentation and the material contained herein are confidential and are for information purposes only and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose whatsoever. This presentation and the material contained herein do not constitute a general advertisement or general solicitation or an offer to sell or a solicitation to buy any securities in any jurisdiction. Such an offer can only be made by prospectus or other authorized offering document. This presentation and materials or fact of their distribution or communication shall not form the basis of, or be relied on in connection with, any contract, commitment or investment decision whatsoever in relation thereto. Barkerville Gold Mines Ltd. s (the Company ) securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons absent U.S. Registration or an applicable exemption from U.S. registration requirements. Any public offering in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. The information in this presentation is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction relating to the Company. No securities commission or similar authority in Canada has in any was passed upon the adequacy or accuracy of the information contained in this presentation. Some of the statements contained in the following material are forward-looking statements. All statements in this presentation, other than statements of historical facts, that address estimated mineral resource and reserve quantities, grades and contained metal, and possible future mining, exploration and development activities, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statement or information. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of resources, mining rates and recovery rates and the lack of availability of necessary capital, which may not be available to the Company on terms acceptable to it or at all. All phases of the Company s operations are subject to environmental regulation and government approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. The Company is subject to the specific risks inherent in the mining business as well as general economic and business conditions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on the Company, readers should refer to for the Company s filings with the Canadian securities regulatory authorities. 2

3 STRONG leadership FOCUSED PLAN CLEAR DIRECTION Well funded BGM is focused on finding and mining high-grade gold deposits across the breadth of British Columbia s Cariboo Mining District, one of the most celebrated and prospective gold districts in Canada. 3

4 British Columbia s Cariboo Mining District one of the last great undeveloped gold camps in Canada. high grade GOLD mine at bonanza Ledge 2.8 M Oz indicated and 2.0 M oz Inferred at Cow Mountain 6 Past producing Mines Well defined greenfield targets Property map 4

5 5 REGIONAL LONG SECTION (6 KILOMETRES OF 60 KILOMETRES)

6 STRONG Leadership management and board GREG gibson CHAIRMAN 30+ years in the mining industry in Canada Mine manager of Dynatec. President and CEO of Trelawney Mining and Exploration when acquired by IAMGOLD for $608 million (2012) Thomas obradovich president & ceo 30+ years mining exploration, development President and CEO of Young Davidson Mines Co-Founder and Lead Director of Aurelian Resources, acquired by Kinross Gold Mines for $1.2 billion (2008) Lead Director, Daldarian Resources CHRIS LODDER DIRECTOR 25+ years of Greenfield and Brownfield exploration Former Exploration Manager for the Americas for AngloGold Ashanti Discovered La Colosa project, with a resource of 28M oz. Au Anthony makuch director Professional engineer (Ontario) President and CEO of Lake Shore Gold Corp Senior VP and COO of FNX Mining Company Inc. Billions in value created 6 Paul geddes VP, Exploration Noranda Mining and Exploration Ltd., Teck Exploration Ltd. 1000% increase in global gold resources for Rainy River prior to the company s takeover by New Gold in October 2013

7 Milestones achieved > ELIMINATED $28M + in debt and payables > Strong free cash generated from gold sales > Raised $20.6M+ in capital from flow-through financings > ANNOUNCED $25M non-dilutive funding for 1.5% NSR > HIRED new technical and management team > COMPLETED PHASE I 50,000M drill program > Identified FIVE new mineralized zones > Mined and milled 28,936 tonnes with a head grade of12.55 g/tonne and recoveries of 95.6% > NEW HIGH GRADE gold HORIZON DISCOVERED 500m east of Bonanza ledge 7

8 2016 Priorities 1 commence small-scale production at bonanza ledge and bc vein 2 Upgrade, define, and expand cow mountain resource and initiate feasibility study 3 Develop regional targets through greenfield exploration 8

9 Cow mountain Poised for Organic growth BONANZA LEDGE GREENFIELD EXPLORATION 9

10 10 BONANZA LEDGE Commence small-scale production at bonanza ledge and BC vein

11 Barkerville mountain BONANZA LEDGE SCOPING STUDY SURFACE Phase I pit 11 CONCEPTUAL DEVELOPMENT BC VEIN Potential Remaining au mineralization section (LOOKING NORTHWEST)

12 OBJECTIVES Generate Cash Flow BONANZA LEDGE 1. Q1 2016, Engineering work Mine Plan for the Bonanza Ledge known reserves 8.0 g/t) Tenders for contract mining 2. Q2 2016, Mining contractor mobilization Rehab and slash existing addit for exploration drift (Flow Through) Start of excavation of other underground infrastructures needed for mining Start of extraction of Ore in June Q3 2016, Start of processing Ore from Bonanza Ledge Mill production through march 31, 2015 Production year Milled tonnes Head grade g/tonne % recovery Recovered oz , , , ,162 TOTAL 91, ,726 1 Our plan is to generate strong cash flow from gold production within 1-2 years 12

13 Upgrade, define, and expand cow mountain resource and initiate feasibility study 13

14 COW MOUNTAIN RESOURCE TAILINGS AREA (NOT IN CURRENT RESOURCE) ISLAND MOUNTAIN MINERALIZATION CURRENT COW MOUNTAIN RESOURCE 14

15 CURRENT Cow mountain resource Category Tonnage (Mt) Grade (g/t) Contained Gold (Moz) Indicated inferred Contained Gold (Moz) indicated inferred

16 Au Cut-off grade (g/t) Tonnage (Mt) Indicated category Au Grade (g/t) Contained au (Moz) Tonnage (Mt) Inferred category Au Grade (g/t) Contained au (Moz) Cow Mountain Grade tonnage sensitivities 16 The reader is cautioned that the data presented in this table should not be misconstrued as a mineral resource statement. The figures are only shown to illustrate the sensitivities of the block model quantities and grade estimates to the selection of cut-off grade.

17 Develop regional targets through greenfield exploration 17

18 TIMELINE 2 Year Development Plan Q Key personnel Start drilling Cow Mountain Start engineering Bonanza Ledge Select firm for environment Q Start processing Bonanza at QR Resources updates to market Start of Feasibility Study Q Finalize resources for Feasibility Study (Barkerville Mountain Resources) Q Start contractor on Bonanza Ledge Have block model for Cow Mountain Mobilize more diamond drills rigs for Barkerville Mountain Q Finish drilling program for Feasibilty Study Q Complete Feasibility Study Press Release on Feasibility Study 18

19 GOVERNMENT DATA: PLACER AND MINERAL OCCURRENCES 20

20 Integrated Regional Exploration Targeting 50km strongly mineralised trend 100s mineral occurrences & multi-element geochem anomalies At least 3 emerging parallel trends Limited systematic previous exploration due to fragmented land position All in BGM ground 21

21 z Underexplored high-grade gold camp in canada Debt-free with strong shareholder base WHY INVEST? Multi-million ounce resource with huge exploration Potential 2016 drill program underway to define cow mountain resource Underground mining scoping study underway Initiated Greenfield exploration targeting and evaluation STRONG leadership with TRACK RECORD of success 22 Well-financed with strong balance sheet

22 Current share structure Basic Shares Outstanding 257,192,168 Warrants 22,940,750 options 15,106,661 Fully diluted 295,239, week range $0.105 $0.470 Market capitalization ~$61.55M CONTACT Thomas (Tom) Obradovich MOBILE: WEB: 23 As at January 29, 2016

23 Barkerville Gold Mines Investor presentation q The last great Canadian gold mining camp controlled by a junior mining company. 23