GOLD EXPLORATION IN NICARAGUA
May 2013
G OLD E XPLORATION I N N ICARAGUA May 2013 C AUTIONARY N OTES This - - PowerPoint PPT Presentation
G OLD E XPLORATION I N N ICARAGUA May 2013 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
May 2013
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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
areas as well 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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*May 2013
mineral areas of Nicaragua
37,000 ha over 8 properties
properties over 38,000 ha
and León concession areas
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network of tunnels, but no records of production and virtually no modern exploration since then
three concessions areas as well as detailed trenching and prospecting also undertaken in the Nueva Segovia Concession area
properties
into account ease of access, power, water and labour supply
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generated $43 million in operating margin in Q3 2012), with visible government support
grade projects that will be developed over the next 2 years, also with strong government support
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(Manto de la Corona, La Lampara)
high grade vein targets (Las Mercedes) in the León area
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Target - High grade quartz vein hosted deposits (typically 300,000 to 1,000,000 oz. Au) Rationale
with samples grading up to 13 g/t Au
concession) intersected targeted quartz vein structure at 30.63m depth with 53.06 g/t Au
property - latest resource of (indicated and inferred) ~900,000 equivalent oz.. Au at approximately 8 g/t in November 2012) Proposed Program – Trench/pit and drill program of 2,000 m to follow up 2011/12 results at Manto de la Corona (La Jalape• ña concession), La Lampara and Mina America.
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Target #1 - Large Copper/Gold/Silver/Molybdenum porphyry Rationale
give strong indication of a large 6km² porphyry system with oxidation, argillitization, quartz veinlets locally and brecciation with 1-2% pyrite
returning values between 1.05 – 14.01 g/t Au and strong Ag and Mo mineralization association.
including Los Lirios in Honduras (300 million tonnes @ 0.4 g/t Au and 0.39 g/t Cu) and the recent B2 Gold/Calibre La Primavera discovery (261.7 m @ 0.78 g/t Au and 0.297% Cu) Proposed Program – Airborne Mag-Rad-EM, mapping, prospecting, rock geochemistry, trench/pit exploration program, IP on selected target areas and 1,500 m drilling
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Target #2 – Epithermal vein hosted gold at Las Mercedes Rationale
hosted mineralization with rock chip samples at surface grading 28.23 g/t, 32.15 g/t and 55.25 g/t Au along E-W epithermal quartz vein structures.
the La India deposit (16.2 MT @ 4.6 g/t Au – 2.375M oz. Au - Sept 2012 indicated +inferred Resource) and El Limon (174,100 oz. Au @ 4.68 g/t Au proven and probable, 102,900 oz. Au @ 5.68 g/t Au M&I resource, 577,900 oz. Au @ 5.99 g/t Au inferred resource) Proposed Program – Airborne Mag-Rad-EM, mapping, prospecting, soil geochemistry, trench/pit exploration, IP on selected target areas and a 1,500 m drilling program
*See appendix for enlarged version of the above map
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Target – Epithermal gold system Rationale
Libertad deposit (456,863 oz. Au @ 3.39 g/t Au) Proposed Program – Airborne Mag- Rad-EM, mapping, prospecting, soil geochemistry, trench/pit exploration, IP
drilling over 5 targets.
g/t Au
generates over $60 million per annum (at $1,500/oz. Au) in
between $50 to $100 million
industry banks such as Macquarie, Nedbank, Standard Bank, amongst others
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partnership structures with the intention of carrying out the following exploration programs
and trench/exploration pit program – followed by a 2,000m drill program once mineralized structures are well defined
IP survey, mapping, prospecting and exploration pits followed by a 1,500 m drill program
mapping-prospecting, exploration pits, soil geochemistry, 1,500 m drill program
trench/pit exploration, IP on selected target areas and 500 m drilling over 5 targets
Airborne geophysics and remaining $0.8M for mapping, prospecting, geochemistry, exploration pits, compilation, local expenses and contingency)
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Company Symbol Market Cap Area Calibre Mining CXB.V $13.2 million 86,700 ha Condor Resources PLC CNR (AIM) $57.5 million 28,400 ha Golden Reign GRR $18.2 million 13,800 ha Cassius Ventures CZ.V $2.5 million 137,000 ha
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*May 2013
Steven Dean - Chairman and Director
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
sale to Newmont Mining, and founder of PacMin Mining which became a subsidiary of Teck Corporation in 1999
Chairman of Amerigo Resources Ltd.
John Thomas – President, CEO and Director
mineral resource industry, particularly in Latin America
number of boards, including Infinito Gold Inc., Alexandria Minerals Corp., Canada Zinc Metals Corp., Enertopia Corp. and Ressources Appalaches Inc.
Eddy Canova - Director of Exploration, Director
Mexico, and West Africa, with 4 years experience in mineral production in Venezuela
Ungava Bay project and most properties of Alexandria Minerals
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Irfan Shariff - CFO & Corporate Secretary
Iron Ore Corp. and Spur Ventures Inc.
Jason Birmingham - Director
Resources Corp., Fitch Street Capital Corp., Cerro Mining Corp., and Datinvest International Ltd
Bob Atkinson - Director
& Co Ltd., a Canadian investment dealer
Lawrence Dick, Special Advisor
20 years experience exploring for copper and gold throughout S. America
Resources Inc., Kariana Resources Inc., Goldstrike Resources Ltd., Magna Resources Ltd., and United Silver Corp
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1.
Highly prospective areas never tested by modern exploration in one of the last remaining emerging stable
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Nueva Segovia Targets
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León Properties
grade deposits
needs to be tested
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Good board and management with team on the ground with strong relationships with government
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Nicaragua is the next Columbia in terms of mineral development with several projects operating or poised for development
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Tight capital structure
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Significantly undervalued compared to peers, effectively shell value
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Sediment, Soils and grab samples – July 2011
historical and current exploration have been noted for 5 areas: soil samples, sediment and rock
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