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February 2020 1 Cautionary Statement on Forward Looking Information - - PowerPoint PPT Presentation
February 2020 1 Cautionary Statement on Forward Looking Information - - PowerPoint PPT Presentation
February 2020 1 Cautionary Statement on Forward Looking Information Certain information contained in this document may include forward - looking information within the meaning of applicable Canadian securities legislation. Forward-looking
Cautionary Statement on Forward Looking Information
Certain information contained in this document may include “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among
- thers, statements regarding the future plans, costs, objectives or performance of X-Terra Resources, or
the assumptions underlying any of the foregoing. In this document, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of X-Terra Resources’ properties, or if any of them do so, what benefits X-Terra Resources will
- derive. Forward-looking information is based on information available at the time and/or management's
good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond X-Terra Resources’ control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Financial Instruments” and “Risk and Uncertainties in X Terra Resources’ Annual Report for the fiscal year ended December 31, 2018, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. X-Terra Resources does not intend, nor does X Terra Resources undertake any obligation, to update or revise any forward-looking information contained in this document to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws. Jeannot Théberge, P. Geo registered in the Provinces of Québec and New-Brunswick, a consultant to X- Terra Resources, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) has reviewed the technical contents and has approved the disclosure of the technical information contained in this presentation.
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Michael Ferreira, President, Chief Executive Officer, Director
- Mr. Ferreira has been working with public and private companies as an independent advisor for more
than five years, primarily in the junior mining sector. His strengths include identifying and sourcing projects, structuring investments, and business development.
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- Dr. Michael Byron, PH. D., P. GEO, Director
- Dr. Michael Byron has thirty years of field work, research, and senior management experience in
gold, base-metal, magmatic nickel and PGE, diamond, and gemstone exploration, spanning employment within the mineral exploration industry and government. Dr. Byron is attributed with the re-discovery of the Horne 5 deposit – Falco’s premier asset. Dr. Byron is currently the President, CEO, and Chief Geologist of Nighthawk Gold Corp. (TSXV: NHK)
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Sylvain Champagne, B.B.A. Chief Financial Officer, Director
- Mr. Champagne is the Chief Financial Officer of the Corporation, and is also Chief Financial Officer
and a Director of Visible Gold Mines Inc.
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Sebastien Bellefleur, Director
- Mr. Bellefleur is a business lawyer in the Montreal office of Fasken Martineau LLP. His speciality is
securities law and he has been involved in numerous public offerings in addition to private placements, takeover bids, stock exchange listings and a broad range of other security matters.
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Kim Oishi, Director
- Mr. Kim Oishi has over 20 years of experience in financing and advising growth companies. He
has served in senior management and board positions on a number of public and private
- companies. Mr. Oishi is the founder and President of Grand Rock Capital Inc., a company that
invests in growth companies and provides consulting services regarding capital markets, corporate finance, investor relations, business development, mergers and acquisitions.
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Jean-François Madore, Director Jean-François Madore is a financial planner and currently wealth-manager specialist with Industrial Alliance, Assurance et Services Financiers Inc. Mr. Madore has acquired fifteen years experience in the financial industry, with a particular expertise in financial planning and risk management.
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Growth through the identification, acquisition and development of mineral properties of merit in Quebec and eastern Canada.
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Thoughtful, technical rigor with an emphasis on quality over quantity; X-Terra has focused its efforts on a limited number of properties of merit, and an on-going rebalancing that reflect available resources.
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Develop and maximize intrinsic value by early-stage identification and optioning, advancing independently, and managing risk.
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Maintain and continue developing strategic relationships with leading consultants, prospectors, service providers and investment community.
- Marc Boivin, Geophysicist (MB Geosolutions)
- IOS Geoservices (Rejean Girard)
- Mr. Martin Demers, P. Geo (Notably implicated in the re-opening of the Casa Berardi mine in the Abitibi region)
- Mr. Robert Fraser, P. Geo (Initiated, Planned and Directed the exploration program leading to the discovery of the
former open pit Troilus Gold/Copper Mine)
- Mr. Robert Sansfaçon, P. Geo (Notably implicated in the discovery of the Malartic open pit gold mine)
- Mr. Jeannot Théberge, P. Geo (X-Terra`s Exploration Manager and qualified person under NI 43-101)
- Sodemex, Fonds de Solidarité FTQ, Sidex, SDBJ, Etc…
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Anchored by a fundamental exploration approach while continuously employing and exploring innovative techniques.
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Disciplined approach to capital management.
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raising funds (flow-through, super flow-through, charity flow-through, hard dollars, strategic investments)
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utilizing capital stemming from individual financial channels 5
www.xterraresources.com
TSX-V : XTT Frankfurt: XTR Shares Outstanding 58,795,053 Market Capitalization $6M Warrants Outstanding 17,096,665
*Strike price ~ 0.15c
Options Outstanding 2,960,000
*Strike price ~ 0.16c
Broker Warrants 766,384 Fully Diluted 79,638,502
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Quebec Institutions 14% Management 6% Principal Shareholders 36% Individuals and Other stakeholders 44%
Ownership
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TSX-V : XTT Frankfurt: XTR
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The Grog property is characterized by the geology of Grog Brook Group and comprises of 38 claims covering 280 km2 along the Mackenzie Fault.
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The Grog Brook Group is exposed mainly to the west of the McKenzie Gulch Fault and the Berry Brook Fault comes touching the east side of the Grog property.
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The geology exposed in the trenches of the 2017 work program at Grog exposed heavily deformed siltstones, conglomerates and quartzites which had been intruded by several different phases of felsic intrusives.
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The Northwest property comprising of the Rim and Bonanza sectors present quartz veins in sedimentary rocks with the presence of free gold.
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The regional till survey completed at Northwest proved that very high gold grain counts were detected in very near vicinity of veins, suggestive of a very proximal signal developed with almost no glacial displacement. Thus highlighting numerous exploration targets.
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TSX-V : XTT Frankfurt: XTR
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TSX-V : XTT Frankfurt: XTR
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Mag – First Vertical Derivative Radiometric – Highlighting zones high in Potassium
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TSX-V : XTT Frankfurt: XTR
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TSX-V : XTT Frankfurt: XTR
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Radiometric – Highlighting Potassium high and Grog Showing Circular zone highlighting a radiometric high in Potassium
Grog Showing
The zonation occurs over a 6 km halo, indicating a potentially large mineral system www.xterraresources.com
TSX-V : XTT Frankfurt: XTR
Drill target #3 Grog Showing
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Grog Showing
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TSX-V : XTT Frankfurt: XTR
Drill target #3 Drill target #5 Drill target #4
Bellevue North Bellevue South Grog Showing Trench 8 Dyke Swarm
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57 Line Kilometre Induced Polarization Results Highlighting 2 distinct trends of high chargeability anomalies
Grog Showing
High Priority Drill Targets
0.1 g/t Au, 28,5 g/t Ag, 0.17% Cu
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TSX-V : XTT Frankfurt: XTR
Trench 8 Grog Showing Dyke Swarm 0.1 g/t Au, 28.5 g/t Ag, 0.17% Cu Bellevue North Bellevue South
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Grog Showing
Line L43 Line L41
Note: No drilling has ever been completed
? ? ?
300 m
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TSX-V : XTT Frankfurt: XTR IP Pseudo Sections highlighting Low Resistivity with Chargeability Anomalies at the Grog Target
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TSX-V : XTT Frankfurt: XTR Grog drill layout in section and plan view
Concentration of gold values ranging from 0.1 g/t Au to 3.7 g/t Au Concentration of gold values ranging from 0.1 g/t Au to 1.68 g/t Au
Additional samples ranging from 0.1 g/t up to 2.68 g/t Au
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TSX-V : XTT Frankfurt: XTR Bellevue North – Trench 20 drill layout in section and plan view
Trench 20 Planned drill holes
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TSX-V : XTT Frankfurt: XTR Bellevue South – drill layout in section and plan view (Scale 1:2000)
Bellevue South Trenches
Planned drill holes
Mineralized Fractures Bedding 150 metres
Bellevue South
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TSX-V : XTT Frankfurt: XTR Bellevue South – drill layout in section and plan view (Scale 1:5000)
Bellevue North Planned drill holes
600 metres
650 metres
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Bellevue South
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Property wide till survey - Location of sampling sites
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TSX-V : XTT Frankfurt: XTR
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TSX-V : XTT Frankfurt: XTR
Interpretation of regional change in magnetic susceptibility Trench 26 target
Northwest Till Sample Results highlighting Trench 26 target along regional scale contact
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- The Gander-Dunnage zone represents the remnants of Cambro-Ordovician arcs and back-arc basins
associated with the closure of the Iapetus
- As in Newfoundland where there is considerably more exploration activity, major gold occurrences and
deposits are mainly focused along large structures and/or major tectonostratigraphic boundaries, peripheral to / associated with felsic plutons (e.g. Valentine Lake: >4.2M oz Au M+I+I)
- intrusion-associated deposits were formed during the Middle to Late Paleozoic in association with
post-orogenic magmatism and have only recently been recognized in New Brunswick
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TSX-V : XTT Frankfurt: XTR
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The property is situated in the north central part of Quebec, about 160 km North-East of the town of Chibougamau and located in a favourable geological context of the Frotet- Evans greenstone belt and comprises of 182 mining claims covering ~93 km2.
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The Frotet Evans Greenstone belt has seen very limited exploration compared to the Abitibi Greenstone Belt, leaving immeasurable potential in the district.
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The property is adjacent to Troilus Gold’s 6.4M oz AuEq* Indicated plus Inferred deposit and less than 2 km from the former open pit. (Inmet Mining historic production of 2M oz Au, 70,000 tons Cu).
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A 40,000 metre drill program on the adjacent property (TLG) is now underway.
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Recent results of 136 metres of 1.1 g/t AuEq (See press release dated 2019/05/07)
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Troilus Gold’s recent property acquisition (Emgold property) directly north of X-Terra was valued at ~$3 million CAD.
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According to the MRNF the property contains two zones of high favorability for orogenic Au, VMS and intrusion-related Au-Cu (Troilus-type) mineralization.
* see Troilus Gold Corp. press release dated Nov. 11, 2019, and the National Instrument 43-101 technical report dated Dec. 20, 2019, of Troilus Gold titled, "Technical Report on the Troilus Gold-Copper Mine Mineral Resource Estimate, Quebec, Canada" prepared by Luke Evans, MSc, P. Eng, executive vice-president, geology and resource estimation, principal geological engineer at Roscoe Postle Associates Inc.).
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TSX-V : XTT Frankfurt: XTR
(100% ownership, royalty free)
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TSX-V : XTT Frankfurt: XTR
4.71M oz Au Eq Indicated 1.76M oz Au Eq Inferred (L. Evans, NI 43-101, Dec 20th, 2019)
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TSX-V : XTT Frankfurt: XTR
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TSX-V : XTT Frankfurt: XTR Detailed magnetic survey over Troilus East (75 metre spacing)
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TSX-V : XTT Frankfurt: XTR Regional Mag Survey (200 metre line spacing) Detailed Mag Survey (75 metre line spacing) –Completed December 2018 Gold in Till Results and TLG`s exploration targets
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TSX-V : XTT Frankfurt: XTR 17 of 22 samples containing Sperrylite PtAs2 and Braggite (Pt, Pd, Ni)S
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The property is located at the eastern extremity of the Abitibi Subprovince which hosts the Chibougamau and Chapais mining districts
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The property consists of 75 mining claims totalling 4,179 hectares (41 km2)
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Historic production from the Doré Lake and Chibougamau Lake sectors total: 47.5Mt at 1.72% Cu, 2.30 g/t Au, for 1.6 billion pounds of Cu and 3.2 million ounces Au.
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The Chapais mining camp has produced: 24.2Mt at 2.24% Cu, 1.13 g/t Au for 1.1 billion pounds of Cu, 0.8 million ounces Au and 8.2 million ounces Ag.
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TSX-V : XTT Frankfurt: XTR (100% Ownership)
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TSX-V : XTT Frankfurt: XTR Preliminary VTEM mag and Drill Collar Location (Completed December 2018)
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TSX-V : XTT Frankfurt: XTR VTEM conductors and Drill Collar Location
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TSX-V : XTT Frankfurt: XTR Drill Collars + R1 & R3 Channel Samples
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TSX-V : XTT Frankfurt: XTR Drill Sections + R1 & R3 Channel Samples
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- X-Terra holds a 100% ownership in 5 oil exploration licenses located in St. Lawrence area in the Appalachian basin of
Quebec totaling 93,275 hectares
- Oil exploration licenses – on purely an exploration basis are valued at ~$100-$125 per hectare (CAPP)
- The potential resources evaluated by Sproule are related to porous levels in the St. Leon and Sayabec formations
encountered in the wells drilled in the eastern part of the Masse structure. The results of the study point out to a potential of 53.6 billion cubic feet of gas and 52.2 million barrels of oil over a probable average area of 5.2 square kilometres, an oil equivalent total of 61.1 million barrels
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TSX-V : XTT Frankfurt: XTR (100% Ownership, royalty free)
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Strong exploration vehicle in Quebec and Eastern Canada – top-tier jurisdictions
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Significant additional leverage from generous exploration credits coupled with expertise with creative financing vehicles, e.g. charity flow-through (~60-90% gain)
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Favorable corporate structure
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Value of exposure via initial equity position is maximized during market bottom
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Current strategic investors to X-Terra include: Caisse de Depot, Sidex, SDBJ, FTQ, Desjardins Securities.
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Leverage strong industry contacts in Quebec: geological consultants, drilling and
- ther service companies, etc…
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Established relationships with First Nation communities.
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“FOCUSED ON THE , AND DEFINITION OF IN CANADA” THANK YOU
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