CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Transcription

1 TSX-V: ELO FSE: P2Q The La Victoria, Lemoyne North and Delta- Eastmain Gold Projects, Peru and Quebec Investment Risk Mitigation Through Mine Discovery and Development January 2016

2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain information contained herein regarding Eloro Resources Ltd., including management s assessment of future plans and operations, may constitute forwardlooking statements under applicable securities law and necessarily involve risks, including but not limited to risks associated with mining exploration, operating costs, production costs, volatility of share prices, currency fluctuations, imprecision of resource and reserve estimates, environmental risks and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in any forward looking statements. Plans, intentions or expectations disclosed in any forwardlooking statements or information should not be read as guarantees of future results or events, and will not necessarily be accurate indications of whether or when or by which such results or events will be achieved. Except as required by law, Eloro Resources Ltd., expressly disclaims any intention and undertakes no obligation to update any forward looking statements or information as conditions change. Any historical mineral resources mentioned are strictly historical in nature and are noncompliant to National Instrument mineral resources and mineral reserves standards, and should therefore not be relied upon. A qualified person has not done sufficient work to upgrade or classify the historical mineral resources as current National Instrument NI compliant. 2

3 EXPERIENCED MANAGEMENT TEAM TORONTO AND VAL D OR OFFICES Management Thomas Larsen CEO John Langton, M.Sc. P.Geo. President Jim Steel, MBA P.Geo. Senior VP Mining Miles Nagamatsu, C.A. Chief Financial Officer Martin Bourgoin, P.Geo. Executive VP - Exploration Jorge Estepa VP and Corporate Secretary William (Bill) Pearson, Ph.D., P.Geo. Board of Directors Thomas Larsen Chairman Alex Horvath, P.Eng. Director Francis Sauve Director Dusan Berka, P. Eng. Director Richard Roy, P. Geo. Director Chief Technical Advisor to the Board 3

4 CAPITAL STRUCTURE Exchange/Ticker TSX Venture Exchange/ELO Frankfurt Stock Exchange/P2Q (WKN A1JKAT) Shares Issued and Outstanding million (Jan. 12, 2016) Warrants million Options 1.35 million Fully Diluted million Share Price $0.14 (Jan. 12, 2016) Market Capitalization $2.48 million 4

5 Eloro Resources Ltd. Option to earn 60% of La Victoria Gold/Silver Project by spending C$1.2MM by January La Victoria -10 concessions; 35 km 2 ; 50 km south of Tahoe Resources La Arena Mine* & 46 km southeast of Barrick Gold Lagunas Norte Mine. *Acquired April 2012 in $1.2 billion cash and shares deal. Rufina Sector Preliminary oxide heap leach gold target; 25.6MM tonnes at >2 g/t. Open to depth and to east under volcanic cover. Oxide grades to 46.4 g/t (west sector). Sulphide grades to 63.8 g/t (east sector) San Markito Sector sulphosalt breccia silver target; preliminary target 12 MM to 15 MM tonnes. Open to depth. Gold grades to 2.72 g/t; silver grades to 1,814 g/t. Preliminary pit designs show topography potentially favourable for low-strip operation. Strategic plan to turn current small artisanal miner production into large modern production for benefit to all. PERU LA VICTORIA 5

6 GOLD PRODUCERS NORTH-CENTRAL MINERAL BELT, PERU Mine Company Gold Production 2013 ozs. Elevation ASL (m) Distance From La Victoria Yanacocha Newmont Mining /Buenaventura 967,575 3,500-4, km NNW Lagunas Norte (Alto Chicama) Barrick Gold Corporation 606,000 3,700-4, km NW Quiruvilca Southern Peaks Mining LP 763,194 Ag 3, km NW Pierina Barrick Gold Corporation 97,000 4,100-4, km SSE La Arena Tahoe Resources Inc (US$1.5MMM Rio Alto acquisition) 228,800 3,800 4, km NW Retamas MARSA 193,600 2,500 3, km E Parcoy Consorcio Minero Horizonte S.A. 218,240 2,600 3, km E Santa Rosa COMARSA 126,720 3,300-4, km NNW Poderosa Cia. Minera Poderosa S.A. 17,600 2, km NNE La Virgen Cia. Minera San Simon S.A. 17,600 3,500-3, km NNW Patibal S.M.R.L. El Rosario de Belen 3,520 4, km NW 6

7 LA VICTORIA CONCESSIONS La Victoria Concessions held by Tartisan s Peruvian subsidiary Minera Tartisan Peru SAC. Pending Auction Neighbouring concessions acquired and/or expanded by BHP Billiton, IAMGOLD among others. Concession between La Victoria East and West acquired, in concession registration process. 7

8 LA VICTORIA: STRATIGRAPHIC POSITION Deposit control is a function of lithological unit contacts and intrusive sequences that affect all deposits equally (Bussey & Nelson, 2011; top figure). Note: South of La Victoria, the Pierina deposit, and Shahuindo, to the North, are hosted by intrusive breccias crossing the Carhuaz Fm. La Victoria is on the upthrown side of a major transcurrent fault (Romero & Quispe, undated; bottom figure). Inset cross-section suggests La Victoria east of the HRFS is in Chimu Fm, above 2000 m 8

9 LA VICTORIA: EXPLORATION WORK TO DATE Built 10-km access road from Highway 3N to San Markito zone Concluded topographic survey with geodesic benchmarks Magnetic survey 125 line km IP survey 34 line km Spectral analysis study Rock sampling 900+ samples submitted for analysis to date NI Technical Report (2011) Environmental Study & Permitting Excellent corporate relations with local landowners and stakeholders. 9

10 Chimu Fm (light green) Chicama Fm (dark green) SEDIMENTARY HOSTED EXPLORATION TARGETS 15 NW-trending structural discontinuities identified within 1,300 m x 400 m zone of hydrothermal breccia and quartz/iron-oxide stockwork veins Lagunas Norte lookalike. Ag>Au with anomalous Pb, As, Sb. Up to 1,814 ppm Ag and 2.27 ppm Au from grab samples. Chimu Diorite QFP Detailed mapping planned including whole rock, petrology, and age-dating 1 ppm = 1 g/t = 0.03 oz/t 10

11 LA VICTORIA PROJECT: DEVELOPMENT STRATEGY Rufina Pit Preliminary Target 2500m drilling planned; 190m strike potential zero strip ratio; Green square area of continuous surface exposed mineralization. Average of 18 surface samples 11.1 g/t gold. Values to 46.4 g/t gold; Phase I drill target 25.6MM tonnes to road elevation; Open to depth and to east. 11

12 LA VICTORIA PROJECT: DEVELOPMENT STRATEGY Rufina East New Mineralized Zone Rufina, east of Pica fault; road outcrop. Arsenopyrite; sphalerite; chalcopyrite. Brecciated quartz, argillic alteration, acid leaching, open space filling, drusy quartz, brecciated chert. Recent values 63.8 g/t Au; 52.7 g/t Ag; 1.26% Cu Brings value to zero-grade prestrip on east pit highwall. 12

13 Lemoyne North Project (57 claims, 29 km2); La Grande Greenstone Belt, James Bay area. Gold and base-metal exploration district 100 km northeast of Eleonore Mine. Hosts numerous gold and basemetal occurrences. 7 untested CARDS* gold targets. Bi-modal volcanic sequence, syn-volcanic sericitic alteration reminiscent of Doyon/Bousquet deposits of Abitibi Greenstone Belt. QUEBEC LEMOYNE NORTH CARDS ( Computer Aided Resource Detection System ) helps mineral exploration professionals to identify areas with high probabilities of similarity to known areas of mineralization allowing prioritization of target areas early in the exploration/development process. Diagnos and Eloro are using CARDS to accelerate potential discovery on the Lemoyne North and Delta-Eastmain Projects 13

14 QUEBEC LEMOYNE NORTH 14

15 EASTMAIN GREENSTONE BELT - QC Eastmain Greenstone Belt, James Bay area of north-western Quebec. Emerging gold and base-metal exploration district around Eleonore Mine (5.0 M oz. Au Proven and Probable reserves), Delta-Eastmain project hosts numerous untested, shallow InfiniTEM point-anomalies (2008 airborne); favourable geology. On-strike, 10 km west of Cu-Au rich Reservoir (C-52 Zone) deposit (Eastmain Resources). Highly prospective for gold, VMS base-metals and Cu-Ni, with highgrade historic and recent assay results. 15

16 QUEBEC - DELTA / EASTMAIN CARDS Au target CARDS Cu target 16

17 ELORO S GOLDEN OPPORTUNITY Experienced team with track records and ability to acquire, explore, discover, develop, produce and manage high-merit projects. Highly prospective gold/silver La Victoria Project in the North-Central Mineral Belt of Peru. Option to earn 60% by funding approximately C$1.2 M in exploration by January The last true Property in the Belt to have the size, geology, structural elements, and archetypal intrusive suite to host a gold/silver deposit comparable with others in the area. Peru has a stable, responsible government with an open door to foreign mining investment and repatriation of those investments. Lemoyne North and Delta-Eastmain property (Quebec) - in the emerging Eastmain Greenstone Belt district, near Eleonore Gold Mine, and noteworthy Reservoir & Eau Clair deposits. Only million Eloro shares issued and outstanding. 17

18 Thank you! Lemoyne North Exploration Camp (most recent exploration program) Note: Patibal Gold Mine centreright background and Santa Rosa Gold Mine (cleared area) behind Patibal Toll Free: Tel.: Website: 17