DUFFERIN GOLD MINE. Targeting First Gold Dore Q Nova Scotia, CANADA

Transcription

1 DUFFERIN GOLD MINE Targeting First Gold Dore Q Nova Scotia, CANADA December 2013

2 Forward-Looking Statements This presentation may contain certain forward-looking statements regarding (i) estimated resources and reserves, (ii) planned production and operating costs profiles, (iii) planned capital requirements and (iv) plans, strategies and corporate objectives. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Ressources Appalaches and Dufferin Resources. The forward-looking statements are inherently uncertain and may therefore differ materially from results ultimately achieved. External and other factors may impact the Company and affect the forward-looking statements in this release since its preparation. Subject to applicable law and stock exchange listing rules, the Company does not intend to publicly update any of the forwardlooking statements or any assumptions on which any such forwardlooking statement is made. 2

3 Corporate Objectives Ressources Appalaches is Canada s newest gold mining company. As of December 2 nd 2013 Ressources Appalaches is fully funded and permitted to proceed with gold production at its 100% owned Dufferin Mine project in Nova Scotia. 3

4 Corporate Objectives Become the next Nova Scotian Gold Producer while Extending Resources and Increase Production Capacity Phase #1 Restart gold production at 300 TPD by Q Phase #2 Initial yearly production rate of 20,000 to 25,000 oz of gold. Phase #3 Explore the anticline structure towards the East and at depths to double production capacity in

5 Corporate Profile Direction & Gestion Experience Alain Hupé, Eng. President & Cofounder Jean-Claude Morel, M.A.DEM Executive Vice-President & COO John A. Thomas, Eng Ph.D. Director Jose Oro, Ph.D. Director André Proulx, M.A. Director & Cofounder Dominique Doucet, Eng. Director 20 years in exploration Engineer-geologist, specialising in mining exploration geology, President of Gestion LesTrois Inc. 25 years of management experience Development and managing of multi-disciplinary teams ranging from engineering to logistics, including administrative, legal, environmental and financial components. 39 years in mining industry Experienced mining engineer from process development, engineering, Management, construction and operation of mines. 35 years in mining industry Ph.D. in geology, held various Senior Vice-President and Chief Operating Officer position in the mining industry, as well as Director of the Ministry of Basic Industries 30 years in company management Experienced manager of mining and oil exploration companies, President and CEO of Pétrolia Inc. 28 years in exploration Engineer-geologist and has held senior management positions with Dios Exploration Inc., Sirios Inc. and Kalkhos Inc. Company Description Listed FWB: 2013 Listed TSX.V: 1997 Shares Outstanding: 186,328,414 Market Cap $ Year Hi/Low: 0,125 / 0,05 5

6 Dufferin Mine & Surrounding Appalaches Properties Miller Lake Dufferin East Dufferin North Chocolate Lake Dufferin Mine Ecum Secum Sheet Harbour 25 kilometers (km) radius Halifax 0 20 kilometres Dufferin Mine Canada 6

7 Dufferin Mine Existing Infrastructures Existing mining infrastructure on site: Mining lease in good standing 300 tonnes per day plant Very short distance from mine to plant (150 m) Gravity and flotation process Tailings pound Acces by decline PORTAL AND DECLINE MILL MILLING 7

8 Dufferin Mine Past and Existing Facilities Ball Mill Shaking Table Flotation System Infrasructure On-site 8

9 Dufferin Mine Past Operations Quartz Vein Saddle Quartz Vein Saddle 9

10 Dufferin Mine Past Operations Type of Veins 10

11 Saddle Reef Vein Deposit Anticline Fold Nose Dufferin Mine Gold Quartz Vein meters D Potential continuity in depth and toward east open structure 11

12 Production and Exploration Dufferin Gold Mine Mining Lease no Ressources Appalaches owns claims covering anticline structure over 8.4 km long Mined Zone 450 meters Area Drilled 1,400 meters Portal Deposit Open Towards East and at Depth Gold Surface Sample Wide Quartz Veins Milling 12

13 Drilling Campaigns

14 Dufferin Mine Plan Dufferin Mine General Layout APP-TSX-V 14

15 Dufferin Mine Plan Dufferin Mine Plan Potential Resources Defined APP-TSX-V 15

16 Milestones Achieved Latest Goals Achieved Past 6 months The following works have been completed since the announcement of the loan financing of US $10M (May 2013): 1. December Fully funded (gold loan) to resume gold production 2. November Fully permitted by provincial authorities 3. Fall Dufferin Mine gold mine plan documents approved by provincial authorities/lender (mine report, mine plan, surface and underground electrical installation plan, ground control procedures and ventilation plan) economic model, operating cost estimates, and capital cost estimates 4. Mine underground dewatering & rehabilitation works 5. Refurbished the primary and secondary underground ventilation 6. Completed plant rehabilitation and testing of all crushing circuit components 7. Started the vetting of more than 950 applications for the remaining approximately 54 staffing positions required to resume mining operations 16

17 Portal Flooded Water Level May 2013 APP-TSX-V 17

18 Portal Rehabilitation June

19 Infrastructures Rehabilitation

20 Galleries Rehabilitation Summer & Fall

21 Mill Refurbishment Fall

22 Development & Expansion Targets Path to Production Targeting First Gold Dore Q : Complete development works required to restart production at 300 t/d 2014: Start of mining & milling ramp-up operations resume gold production Q : Reinvest profits to increase resources and upgrade plant capacity 22

23 DUFFERIN GOLD MINE