Value and Growth in a Gold-Copper Company: Focused in Colombia. April 2012 TSX-V:BHV

Transcription

1 Value and Growth in a Gold-Copper Company: Focused in Colombia April 2012 TSX-V:BHV

2 TSX- V: BHV Disclaimer 2 US Citizens & Residents The above presentation should, in no way, be construed as the solicitation to buy or sell shares of Bellhaven Copper & Gold. The purchase or sale of shares may be restricted in certain jurisdictions. In particular, shares may not be offered directly or indirectly in the United States or to U.S. persons. Forward- looking statements This presentation includes certain statements that may be deemed forward- looking. All statements in this presentation, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the company expects, are forward- looking statements. Although the Company believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from those in forward- looking statements include market prices, exploitation and exploration successes, availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that actual results or developments may differ materially from those projected in the forward - looking statements. Consult a Financial Advisor Investments in companies engaged in mineral exploration and mining are subject to many risks and uncertainties and are not suitable for all investors. Please consult your financial advisor in advance of making any investment to ascertain specific risks associated with any investment you may be contemplating. All information in this reported is provided on the condition that it will not form a primary basis for any investment decision. Investors should make their own determination of whether or not to buy or sell securities based upon their specific investment goals, financial objectives, and risk tolerances. This presentation was prepared, in part, by employees, consultants, officers, directors, and shareholders of Bellhaven Copper & Gold who may have significant financial interest in Bellhaven Copper & Gold

3 Investment Highlights Higher grade gold-dominant porphyry style mineralization Strategic Investment by IAMGOLD in Bellhaven IMG Purchased Further 2.72M Shares at $0.45 on March 16, 2012 Approximately 11.8% Equity Ownership in BHV La Mina Project, Colombia: NI Resource Containing >1M Oz Au 40.56M Tonnes at 0.77 g/t Au, 0.31% Cu, 1.26 g/t Au Equiv (0.3 g/t Au cutoff) 1.0M oz Au, 280M lbs Cu, 1.6M oz Au Equivalent Prelim Metallurgy Achieved >85% Recovery for Cu and Au 4 Porphyries Drilled So Far 7 Un-tested Targets Funded to Support Ongoing Resource Development Drilling Resource Upgrade Expected in H1 of 2012, PEA in H TSX- V: BHV 3

4 Market Snapshot Shares outstanding: 113,598,207 Fully-diluted shares: 142,536,186 Working Capital: ~$7.8 million - Zero Debt Recent Share Price: $0.43 Insider Holdings: ~12% ( i/o);; ~17% (f/d) 52 Wk High/Low: $0.97 / $0.35 Avg. Daily Trading Volume (3-month) 148,256 6 mos. TSX- V: BHV 4

5 TSX- V: BHV The Leadership Team 5 Results- Patrick Highsmith, MSc CEO, Director Julio Benedetti, MSc President, Director, Founder +20 years experience in the mining industry Geological engineer, geochemist, and business development specialist: Rio Tinto, BHP Billiton, and Newmont Former President, CEO, COO and current advisor to Lithium One Led discovery team through two resources and a PEA since 2009 President of the Panama Chamber of Mines Involved in the discovery of two Panamanian gold mines (Santa Rosa and Remance) Involved in the discovery of Cerro Quema high sulphidation gold deposit Maria Milagros Paredes MSc/MBA COO / CFO Brad Yonaka, MSc VP Exploration Peruvian geological engineer with +15 years industry experience. Led geological teams at Tintaya and Antamina Mines MBA with extensive financial and strategic planning experience at Hewlett Packard and Intel Exploration geologist with more than 20 years experience in South America and Africa Led geological team at Brisas Gold Project, Venezuela (>10 M oz) Led business development effort, reviewing dozens of projects in the Americas

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7 La Mina Resource A Foundation TSX- V: BHV 7 Bellhaven Receives NI Resource Estimate for the La Mina Gold-(Copper) Project, Colombia 1.0 Million oz Gold & 1.6 Million oz Gold Equiv. at La Cantera Deposit (0.3 g/t Au cut-off grade).. one of the highest grade porphyry gold-(copper) deposits in the Total inferred resources for La Cantera prospect, La Mina Project, Colombia. Cutoff Au (g/t) Tonnes Au (g/t) Cu (%) AuEq (g/t) Contained Au Oz Contained Cu lbs Contained AuEq Oz , ,211, ,658 2,113, , ,178, ,251 2,014, , ,064, ,517 1,772, , ,009, ,822 1,645, , , ,294 1,427, , , ,959 1,276, , , ,672 1,156,082

8 TSX- V: BHV La Mina - Location & Geology 8 45km SW of Medellin Antioquia Department 1,794 Hectares <2,000m Elevation

9 TSX- V: BHV La Mina Magnetics and Targets 9 Airborne Magnetics Total Field RTP NI Inferred Resources at the La Cantera Deposit Drilling at Middle Zone, El Limon, and La Garrucha All other prospects are un-drilled -

10 TSX- V: BHV Geology Coming into Focus 10 Simplified Geologic Long Section La Cantera to El Limon

11 11 La Cantera Ground Magnetics AngloGold Discovery Porphyry Outcrop Structurally Controlled Magnetic Features

12 La Cantera Cross Section Nested diorite porphyries intruding volcanic rocks Gold-copper associated with chalcopyrite, bornite, and magnetite Mineralization starts at surface and remains open to depth Late porphyry (X1) largely unmineralized Cutoff Grade: 0.40 g/t Au Equivalent TSX- V: BHV 12

13 TSX- V: BHV La Cantera Resource Model 13

14 14 Middle Zone Ground Magnetics Bellhaven Discovery Minimal Outcrop Prevalent structural controls and complex porphyry relationships

15 Cross Section through Middle Zone Nested diorite porphyries intruding an extensive porphyry Ages estimated at 8 12 Ma (younger than La Cantera?) Late porphyry (X2) un-mineralized Structure and veining more prevalent than at La Cantera Higher grade near-surface breccia mineralization (X3 Breccia) Excellent vertical continuity Open at depth (+680m) Cutoff Grade: 0.40 g/t Au Equivalent 15

16 TSX- V: BHV La Garrucha: A New Porphyry 16 La Garrucha Surface Geology Bellhaven Discovery Magnetics and rock chip anomalies Magnetite-biotite alteration is prevalent Grades increase downhole and to east Abundant epithermal veins with high Ag

17 Cross Section through La Garrucha Multiple phases of porphyry Host porphyries similar to El Limon Alteration similar to Middle Zone Magnetite-biotite alteration, increasing with depth 17

18 Favorable Metallurgy Metallurgical Testing at La Cantera Deposit: Q4 2011: High recoveries of >85 to 90% for both gold and copper by flotation Q4 2011: High-quality, clean (trace As, Sb, Pb), commercial - grade concentrate (26-32% Cu, g/t Au) Conventional milling / flotation processes Q New metallurgical holes being drilled now at La Cantera Preliminary Testing at Middle Zone Deposit: Preliminary metallurgy samples being in Q Key Takeaways: Project is now substantially de-risked after met test work demonstrates a commercial product can be produced from La Mina. Clean concentrates command a premium in the market TSX- V: BHV 18

19 Panama: Growth in Pipeline Awaiting new mining law and granting of new concessions BHV Application >3,200 ha concession, and >50,000 ha under application BHV controls a commanding position along the high-sulfidation epithermal gold belt High sulfidation Au and porphyry Cu-Au targets TSX- V: BHV 19

20 Panama Pipeline: Pitaloza & Caracucho Hand dug Trenches Drilled 9 vertical diamond holes on one prospect o Max depth of 42 m for drill holes Drilled 13 holes on another prospect with average depth of 85m near surface low grade intercepts (1 g/t gold) Cyprus did not drill test silica ledges or large areas of silica flooding Trench Interval (m) Au (g/t) Cu (%) < < <0.10 Drill Hole Interval (m) Au(g/t) Cu(%) Cyprus Cyprus < No significant values Cy 94-01, -04 to -09 No significant intercepts Bulldozer Cut A <0.10 Bulldozer Cut B <0.10 Bulldozer Cut C <0.10 BHV CC BHV CC TSX- V: BHV 20

21 Panama Pipeline: Cerro Viejo Alteration Potential Target Zones 50 ppb Au in soils Silica +/- clay zone: ~3 km long and up to ~0.5 km wide TSX- V: BHV 21

22 Valuation and Growth Valuation Upside Market Cap: ~C$ 48.8 million Median valuation of pre-production Canadian Juniors with NI Resource: $70 - $90 EV/AuEq oz of Resource 1.6M oz AuEq Supports $112 $144M EV;; or $1.04 $1.33 per Share Resource and Exploration Upside at La Mina 4 Drill-indicated Mineralized Porphyries ~ 7 Other Targets at La Mina Exploration Pipeline in Panama 4 High Sulfidation Gold Targets 2012 Catalysts: New Resource in H1 2012;; PEA in H TSX- V: BHV 22

23 Comparable Colombia-Focused Juniors Market Snapshot of Colombia-Focused Juniors Company Ticker Shares * Share Price * (C$) Market Cap * (C$, millions) Batero Resources BAT.v 52,900,000 $1.00 $52.9 Colombian Mines CMJ.v 32,000,000 $0.40 $13.0 Continental Gold CNL.to 107,994,825 $7.73 $834.8 Galway Resources GWY.v 124,160,584 $1.37 $170.1 Eco Oro Minerals (Grey Star) EOM.to 88,260,870 $2.30 $203.0 Seafield Resources SFF.v 168,823,529 $0.17 $28.7 Sunward Resources SWD.v 141,620,370 $2.16 $305.9 Ventana Gold VEN.to 109,138,763 Delisted ~$1,400 Bellhaven Copper & Gold BHV.v 113,598,207 $0.43 $48.8 TSX- V: BHV Market acceptance of important discovery Market acceptance of a discovery Market just starting to see a discovery Market not yet pricing in a discovery Moving BHV from Blue to Yellow and Red in 2012 * Market info updated March 21,

24 Growth in 2012 Higher Grade Gold Dominant Porphyries with Exploration Upside Drilling at La Mina, Colombia: Middle Zone (drilling ongoing new high-grade targets) La Garrucha (drilling ongoing) La Cantera (step-out and metallurgical drilling) El Limon (re-evaluating for more drilling) La Cristalina (first drill test in H1 2012) Geology, Geochemistry, and Geophysics on Next Round of Targets Central 1, -2, -3, -4, -5 prospects Resource Update on Middle Zone in First Half of Year PEA in Second Half of Year TSX- V: BHV 24

25 Contact Details TSX- V: BHV 25 Patrick Highsmith Chief Executive Officer T: (303) Bellhaven Copper & Gold, Inc. Website: Exchange & Symbol: BHV-TSXV