GOLD EXPLORATION IN NICARAGUA
October 2012
G OLD E XPLORATION I N N ICARAGUA October 2012 C AUTIONARY N OTES - - PowerPoint PPT Presentation
G OLD E XPLORATION I N N ICARAGUA October 2012 C AUTIONARY N OTES This presentation includes certain "Forward-Looking Statements as that term is used in applicable securities law. All statements included herein, other than statements of
October 2012
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This presentation includes certain "Forward-Looking Statements” as that term is used in applicable securities law. All statements included herein, other than statements of historical fact, including, without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of Cassius Ventures Ltd. (“Cassius”, or the “Company”), are forward-looking statements that involve various risks and uncertainties. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "scheduled", "believes", or variations of such words and phrases or statements that certain actions, events or results “potentially”, "may", "could", "would", "might" or "will" be taken, occur or be achieved. There can be no assurance that such statements will prove to be accurate, and actual results could differ materially from those expressed or implied by such
time they are made. In making the forward-looking statements in this presentation, the Company has applied several material assumptions, including, but not limited to, the assumption that: (1) Cassius may not find any minerals in commercially feasible quantities in Nicaragua, (2) the Company’s ability to raise the necessary financing for ongoing
disruptions affecting operations, whether due to labour/supply disruptions, damage to equipment or otherwise; (4) permitting, development, expansion and power supply proceeding on a basis consistent with the Company's current expectations; (5) certain price assumptions for gold; (6) prices for availability of natural gas, fuel oil, electricity, parts and equipment and other key supplies remaining consistent with current levels; (7) the accuracy of current mineral resource work and studies on the Company's property; and (8) labour and material costs increasing on a basis consistent with the Company's current
such factors, among others, risks related to the ability of the Company to obtain necessary financing and adequate insurance; the economy generally; fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other commodities (e.g., diesel fuel and electricity); changes in interest rates; disruption to the credit markets and delays in
advised not to place undue reliance on Forward-Looking Statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Statements, whether as a result of new information, future events or otherwise. Eddy Canova, P.Geo., OGQ (403), the Director of Exploration and a Director for the Company and a Qualified Person as defined by NI 43-101, has reviewed and is responsible for the technical information contained in this presentation.
Nicaraguan company with 16 concessions over 130,000 ha
Nicaraguan Company and owner of the 23,000 ha “El Zúngano” concession
as a 1,270m reconnaissance drilling program at 2 targets at Nueva Segovia that led to the discovery of a number of significant anomalies
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*October 2012
mineral areas of Nicaragua
60,000 ha over 9 properties
properties over 38,000 ha
and León concession areas
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District Nueva Segovia León Chontales Concession 9 4 4 Area (ha) 60,814 62,000 38,000 Geological Model Epithermal Quartz veins Epithermal System + Porphyry Epithermal system Adjacent Properties Golden Reign, Corazon Gold B2 Gold (Limon Mine) Condor (La India) B2 Gold (La Libertad Mine)
network of tunnels, but no records of production
undertaken in the Nueva Segovia Concession area
infrastructure, taking into account ease of access, power, water and labour supply
23,800 hectare “El Zúngano” concession, which adjoins the east side of the Nueva Segovia concessions
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2011
(Manto de la Corona, La Lampara, El Escandolo/Cobano)
high grade vein targets (Las Mercedes) at León
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northern Nicaragua
metamorphic rocks within structural suture zones
in quartz carbonate veins
schists and is associated with pyrite, arsenopyrite and galena
system resulting from hydrothermal activity
identify drill targets
800m at Manto de la Corona (La Jalapeña concession) and 470m at La Lampara (Los Angeles Concession)
respect to arsenic, molybdenum and copper
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Manto de la Corona
between 233 and 847 ppb Au
targets were identified La Lampara
subsequently mapped and sampled
11 grades between 1.15 g/t Au and 11.05 g/t Au
0.81m
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El Escandolo
Cobano
dipping 64° SW
Au General Zúngano Area
Au and 19.59 g/t Au
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Manto de La Corona
value at 44.08 m assaying 0.81 g/t Au over 0.92 m
0.33 g/t Au over 3 m at 174.15 m depth and 0.21 g/t Au over 4.3 m at 210.0 m depth
* The drilling is of HQ caliber with sample lengths being collected up to a maximum length of 1.5 meters. Core is split on site and half core is sent to the Inspectorate sample preparation lab in Managua, Nicaragua. Sample pulps are sent by Inspectorate to the Inspectorate Reno facility for ICP analysis of 30 elements plus fire assay for gold using an atomic adsorption finish. Samples above 10 g/t are re-assayed with a gravimetric finish. Every 20 samples have a duplicate, a blank or one of three reference samples added for quality control purposes. Inspectorate Laboratories is an arms-length party with respect to Cassius Ventures Ltd.
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La Lampara
0.38 g/t Au over 3.04m and 0.46 g/t Au over 1.5m
grading 53.06 g/t Au over 1.5m Further mapping and sampling required to get proper location and understanding of the vein system in the areas
* The drilling is of HQ caliber with sample lengths being collected up to a maximum length of 1.5 meters. Core is split on site and half core is sent to the Inspectorate sample preparation lab in Managua, Nicaragua. Sample pulps are sent by Inspectorate to the Inspectorate Reno facility for ICP analysis of 30 elements plus fire assay for gold using an atomic adsorption finish. Samples above 10 g/t are re-assayed with a gravimetric finish. Every 20 samples have a duplicate, a blank or one of three reference samples added for quality control purposes. Inspectorate Laboratories is an arms-length party with respect to Cassius Ventures Ltd.
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62,000 Ha in western Nicaragua
systems
mapping the alterations and identifying the mineral associations within the epithermal system
(4 million ounces produced historically)
to cover a similar structural trend as La India mine
July 2011
NW – SE across the concessions
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Sediment, Soils and grab samples – July
Sediments
Cerro Rojo – Porphyry Target
with oxidation argillitzation, quartz veinlets locally, brecciation with 1 – 2% pyrite
discovery by Calibre Mining Corp.
g/t Au, 2.02 g/t Au, 1.99 g/t Au, 1.48 g/t Au, 1.13 g/t Au, and 1.05 g/t Au Las Mercedes – Vein Target
g/t Au
with rock chip samples assaying 32.15 g/t Au, 55.25 g/t Au and 28.23 g/t Au
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Company Symbol Market Cap Area Calibre Mining CXB.V $41 million 86,700 ha Corazon Gold Corp. CGW.V $4 million 45,400 ha Condor Resources PLC CNR (AIM) $96 million 26,100 ha Golden Reign GRR $34 million 13,800 ha Cassius Ventures CZ.V $3 million 160,000 ha
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*October 2012
government support
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friendly country
soil sampling trenching and drilling as well as the discovery of further quartz vein mineralization
values as the discovery of further quartz vein mineralization
several anomalous values over 1 g/t Au
surveys with high grade values in quartz veins
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programs
ground IP survey followed by a 5,000m drill program
structures in the area, additional trenching as well as a 2,000m drill program
successful trench areas subject to a 1,200m drill program
and, a 1,500m trenching program to further define the mineralization, with successful trench areas subject to a 1,200m drill program
1,500m trenching program to further define the mineralization, with successful trench areas subject to a 2,000m drill program
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Steven Dean, Chairman and Director
(now Teck Resources Ltd). Teck is a major diversified resource company and is the largest producer of metallurgical coal in North America and the No. 2 exporter of metallurgical coal in the world to the globe's steel manufacturers
largest Australian based gold producer until its sale to Newmont Mining, and founder of PacMin Mining which became a subsidiary of Teck Corporation in 1999
Spur Ventures Inc. (TSX-V:SVU), Infinito Gold Ltd. (TSX-V:IG), and of Dia Bras Exploration Ltd. (TSX-V:DIB). Co-founder and former Chairman of Amerigo Resources Ltd. (TSX: ARG)
John Thomas, President & CEO
a director of Infinito Gold Ltd., Alexandria Minerals, Canada Zinc Metals Corp., Enertopia Corp. and Ressources Appalaches Inc.
Operations of Bolivar Gold Corp. Mr. Thomas also serves on a number of boards, including Infinito Gold Inc., Alexandria Minerals Corp., and Canada Zinc Metals Corp. 32
Irfan Shariff, CFO & Corporate Secretary
Oceanic Iron Ore Corp. and Spur Ventures Inc.
(2001-2008)
Eddy Canova, Director of Exploration, Director
West Africa.
project, Oceanic Iron Ore’s Ungava Bay project and most properties of Alexandria Minerals
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Jason Birmingham, Director
Mindshare Communications Inc.
Ltd., Golden Fame Resources Corp., (formerly Canfe Ventures Ltd.), Fitch Street Capital Corp., Cerro Mining Corp., and Datinvest International Ltd
Bob Atkinson, Director
dealer
Hansa Resources Ltd.
Lawrence Dick, Special Advisor
from Queen's University in 1979
Golden Fame Resources Inc., Kariana Resources Inc., Goldstrike Resources Ltd., Magna Resources Ltd., and United Silver Corp 34