Gold Mining Camps in the Canadian Shield

Transcription

1 Gold Mining Camps in the Canadian Shield James Bay, Québec An emerging Top 10 Mining Camp Gold Mining Camps in the Canadian Shield CANADIAN SHIELD RR GL Hemlo CANADA Detour KL GOLD DEPOSITS JAMES BAY, QUE CW EL Val d Or < 0.3 M OZ > M OZ > 3-5 M OZ > 5-10 M OZ > 10 M OZ EM Over 200 million ounces gold produced from Canadian Shield Greenstone Belts Several Mining Camps occur within these belts; each defined by one or more Giant deposits (>10 million oz) James Bay, Québec, a NEW mining district ranks amongst the top 10 gold camps in the Canadian Shield James Bay, Québec is underexplored and climbing in importance Overview Top 10 Canadian Gold Camps Hemlo Red Lake Noranda Kirkland Lake Val d Or Detour James Bay, Quebec Rainy River Geraldton Timmins 500 km Abbreviations: CW Clearwater; EL Eleonore; EM Eastmain Mine; GL Geraldton; KL Kirkland Lake; RR Rainy River Past Production + Current Gold Resources (millions oz)

2 James Bay, Québec Project Location Map Portfolio of Attractive Properties in Highly Prospective Greenstone Belts James Bay New Mining District QUEBEC Radisson/LG2 JAMES BAY REGION James Bay Eastmain RD LE RK LG DY RS LH Nemaska Eléonore Project (Roberto Deposit) (Goldcorp) ES Stornaway Renard Deposit Clearwater Project (Eau Claire Deposit) RH Temiscamie Eastmain Mine Plan Nord Road Under Construction 50 kms RD Map Area Eastmain Project Clearwater Eastmain Mine DY Dyna ES Eléonore South LE Lac Elmer LG Lidge Lac Lessard LH Lac Hudson RD Radisson RK Road King RS Reservoir RH Ruby Hill

3 Eastmain Mine Project Overview Eastmain s Second High Grade Growth Prospect Project Geology and Location Map Project Overview JAMES BAY REGION CW Eastmain Mine Temiscamie 12,590 hectare land package Less than 10% has been explored Québec s Plan Nord will provide permanent road access Au Ag Cu rich deposit Three known Zones ( A, B & C ) Rock Assay Data Au ppb 1, 000 to 1,000,000 Eastmain Mine Historical M&I resource of 255,750 ounces gold (1M tonnes at 9.95 g/t Au) (1) 500 to 1, to 500 Main mineral trend >10 km long 50 to to 50 Geological similarities to the Contact Ore at Detour Gold deposit, Ontario Previous drill intercepts from A & B Zone include Bonanza gold grades and thicknesses: 53.3 g/t Au across 13.2 m Deposit is open at depth Numerous gold occurrences detected for kilometres along Mine Trend Pyroxenite/Gabbro Ultramafic Volcanic Flows Mafic Flows Mafic (Pillowed) Flows Diorite/Tonalite/Porphyry Felsic Volcanic Rocks Au-Ag-Cu Deposit Surface Projection 2013 $1M Exploration Budget (1) The Eastmain Mine Historical Resources are not NI compliant. A Qualified Person has not done sufficient work to classify them as current mineral resources. The issuer is not treating these historical resources as current mineral resources and these resources should not be relied upon.

4 Eastmain Mine Existing Infrastructure at Mine Site $40 M Invested by Previous Owners on Exploration & Development Existing mine site infrastructure includes: Ramp & U/G access to the A & B Zones; ~100,000 tonnes mined in Airstrip, fuel farm, mine camp, tailings pond, mining lease Winter road access soon to become permanent with Québec s Plan Nord Mine Site Infrastructure Aerial view of Mine buildings & tailings pond (foreground) Eastmain Mine buildings and UG ramp (foreground)

5 Eastmain Mine 3D Leapfrog Model (Looking Southwest) 3D Longitudinal View A, B & C Zones (1.8 km long to 500 m depth) High grade Gold deposit significant resource expansion potential; $1M Exploration Program C Zone B Zone A Zone Surface Open Open 500 m EL Target Target Drill collar Historical Drill Intercept Drill Hole Very High Grade Intercept: > 100 gram metres (grams x metres) gold

6 Appendix : Mine Ready Infrastructure Eastmain s Projects Supported by Excellent Access to Infrastructure Local Infrastructure Map James Bay, Québec Clearwater JAMES BAY Route 109 Eastmain Opinaca District Eleonore Goldcorp Eleonore South JV Clearwater QUEBEC Eastmain Mine Mine infrastructure already available Permanent road access located only 2kms away Beneficiary of infrastructure build by Hydro Québec at EM 1 Power facility located only 5kms away Provides some of the lowest cost electricity in North America Fuel, infirmary, service providers and supplies 10kms away Local Airport within 80kms Hydro Quebec EM 1 Power Station Proposed Route 167 (Plan Nord) Extension Map Area Eastmain Mine Town Hydro Québec Station Hydro Québec Powerline Airport All Weather Road Winter Road Proposed Winter Road Proposed Route 167 Extn. A Winter road 100 km Parkland Mineral Occurrence Eastmain Project Access by 180km winter road Province of Québec announced Plan Nord $280M funding to extend Route 167 Will provide permanent year round access with significant cost savings to Eastmain Road construction to begin late 2011 Airstrip, fuel farm, Mine camp, tailings pond, mining lease, ramp & underground workings already built

7 Eastmain Mine Ruby Hill Properties Overview Overview Whole rock MgO wt% Eastmain Eastmain deposit 12to 40 deposit discovered (282) discovered with with Airborne Airborne EM EM 8 to 12 (166) Prospective Prospective Mine 4 to 8 (541) Mine Horizon Horizon for for >40 >40 km km length length 0 to 4 (5197) Priority Priority targets targets defined defined with with VTEM VTEM survey survey Lateral Lateral & Depth Depth potential potential at at A, A, B B & C Zones Zones 1 Drill Drill target target N 2 1 Eastmain Gold Deposit

8 Eastmain Mine Site Facility

9 Rock Assay Data Au ppb 1,000 to 1,000, to 1, to to to 50 $i Million exploration program focused on expanding the A, B & C Zones and testing Priority Targets along the Mine Trend 3,000 metres of drilling 80% resource expansion, 20% target testing. 10 kms Pyroxenite/Gabbro Ultramafic Volcanic Flows Mafic Flows Mafic (Pillowed) Flows Diorite/Tonalite/Porphyry Felsic Volcanic Rocks Au-Ag-Cu Deposit Surface Projection

10 Eastmain Mine Property HW Pillowed Flows 31

11 Eastmain Mine B Zone drill intersection EM10-38: 16.3 grams gold across 5.5 m EM10-38: 34.5 to 35.0 m 101 grams gold / 0.5 m Photo illustrates a high grade gold intersection from the B Zone centred between the yellow markers.

12 Eastmain Gold Deposit A & B Zone Sections A Zone Section 1375 E B Zone Section 1800 E 400 S 300 S 200 S 100 S 83DH006 Legend 17.4/4.40 Gold g/t /metres S 400 S 300 S 200 S 1.48/ / / / / / / / / / / / / / / / / / / / / Average grade g/t Au over 3.96 m (0.55 oz/13 ft.)