MIKE Project, BC BC’s Newest Copper Porphyry District TSX.V: CRV | Frankfurt: CF
Cautionary Disclaimer This presentation may contain statements that constitute “forward - looking information” for the purposes of Canadian securities laws. Such statements are based on Cresval’s (“CRV” or “CRV’s”) current expectations, estimates, forecasts and projections. Such forward- looking information includes statements regarding (CRV’s) outlook for future operations, plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. The words “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, “will”, “may”, or their negatives or other comparable words and phrases are intended to identify forward-looking information. Such forward-looking information is based on certain factors and assumptions and is subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward- looking information. Important factors that could cause actual results to differ materially from (CRV’s) expectations include uncertainties relating to interpretation of drill results and geology, additional drilling results, continuity and grade of deposits, participation in joint ventures, reliance on other companies as operators, fluctuations in metals prices and currency exchange rates, changes in environmental and other laws affecting exploration and mining, and other risks and uncertainties disclosed in CRV’s Annual Information Form and other filings with the applicable Canadian securities commissions on SEDAR. Many of these factors are beyond the control of CRV. Consequently, all forward-looking information contained in this news release is qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by CRV will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking information. Except as required by applicable law, CRV disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise . 2
Overview: Reasons to Own Cresval Prime undeveloped (11,000+ hectare) land package in emerging copper porphyry district Positioned to grow as adjoining IKE project is developed Significance of IKE discovery validated by Amarc/Thompson Creek agreement Numerous untested targets with copper mineralization Low market cap with small float
Peer Group Comparison: Capitalization Amarc 1 Cresval 2 Carube 3 Shares Issued 141,424,061 23,273,231 69,888,433 Market Cap $ 11,314,000 $ 930,900 $ 5,600,000 Fully Diluted 146,979,616 27,050,731 88,082,640 Best Leverage 1 From Interim Financials dated Sept 30, 2016; market cap as of Jan 17, 2017 2 As of January 17, 2017 3 From Annual Financials dated Aug 31, 2016; market cap as of Jan 17, 2017
An Emerging New Porphyry District COPPER-RICH INTRUSION LARGER THAN IKE WITHIN A HIGHLAND VALLEY-SCALE PORPHYRY DISTRICT “This isn’t just one deposit, it’s a whole entire district that’s going to come to the fore, and it doesn’t get any better…” Robert Dickinson GOLD BRIDGE BRALORNE 5
In the Heart of BC’s Mining Industry 6
CRV’s MIKE Project – Acquired in 2007 OWNED 100%, NO ROYALTIES. 11,127 HECTARES (27,500 ACRES) Approx: 235 km by road from Vancouver 175 km by road from Lillooet 7 50 km by road from Goldbridge
Significant Cu-Mo-Ag-Au Mineralization Found historically by majors, more recently by CRV. All hosted by copper- rich Bridge River Pluton Indicative of a Cu- Mo-Ag-Au porphyry system 8
Explored by Majors Since 1930 1928-30 Discovery of Cu mineralization at Nichol & Russnor 1929-36 COMINCO: underground development and hand trenching on Russnor & Nichol, with 1.1% Cu/12.2m true width in Russnor adit and 0.57% Cu over 60m from chip sampling the canyon exposure; 2.8% Cu/4.5m on Nichol from trenching. Discovery of Showing #3, 3.26% Cu/9.1m 1955 NORANDA: 1.1% Cu/26.2m in Russnor adit 1961-63 PHELPS DODGE: 613m in 5 DDH on Russnor in 1961, mineralization in 4/5 holes, 0.3% Cu over 36.6m Discovery and hand trenching of BR, 0.57%Cu/7.6m in 1961 Mapping, magnetic and soil surveys on Nichol 1969 TCML: 51.2m diamond drilling in 2 holes on Russnor; entire holes ran 0.3% Cu/26.5m & 0.14% Cu/23.9m 1970-71 CANEX: 590m in 4 90º BQ DDH on BR with 0.134% Cu/9m but no other results reported. Cerro: . Limited mapping & soils on Russnor, 915 ppm Cu, 47 Mo TCML: 1.38 % Cu over 33m from Russnor adit (Elwell, 1970) 1979-81 Polischuk and Goldbridge: 30.5m in 2 DDH, 3.5% Cu, 0.08% Mo/3m, limited sampling on Nichol 381m in 8 BQ DDH, 0.97% Cu/3m . AMAX: Mapping, magnetic & IP surveys on BR 9
The Target Bulk-mineable, copper ± molybdenum ± gold ± silver porphyry deposit. 10
Five Key Showings to Date: Windy Copper Showing: Open 400m by 1km zone Nichol Showing: Open 400 by 600m zone Russnor Showing: Open 1150m by 600m zone Copper Plateau Showing: Partly open 450 by 550m zone, adjoining BR Bridge River BR Showing: Pluton Open 1700m by 500m zone Key showings lie on edge of basalt caps – possible large porphyry extends underneath. 11
Nichol Showing IKE Nichol Near water, road, valley access (view looking easterly) Historical Trench re-sampling (T) & Drilling (DD) Highlights: Interval Cu Grade Ag Grade Au Grade Mo Grade % g/t g/t % 1.0 metres T 4.37 32.8 0.16 0.015 0.6 metres T 8.91 33.1 0.043 8.5 metres* DD 3.50 34.3 0.079 12 *Limited and incomplete sampling. Historical references at end of presentation
Windy Copper Showing • Open 400 by 350m Cu ±Au soil anomaly • Cu mineralization over a 1 km by 400m area • 1.53% Cu, 0.20% Mo, 9.2 g/t Au, 52.3 g/t Ag from 350m long zone west of grid • Additional Cu mineralization 1 km to NW - 0.69% Cu, 14.1 g/t Ag View looking northerly towards IKE 3.26% Cu/9.1m 0.44% Cu/24.5m 13 13
BR Showing BR Showing Canex drilling 590m/4 holes 1.7 km x 0.5 km zone along cliffs Historical Trenching Highlights: Historical Drilling Highlights: Interval Cu Grade Interval Cu Grade 17 metres .14% 9 metres .134% IP suggests extension under basalt cap 14
Russnor Showing Adit 2.96% Cu /9.1m from here Russnor Historic Sampling Highlights: Russnor Historic Drill Highlights: Interval Cu Grade Location Interval Cu Grade 60.0 m 0.57% Canyon 36.6 metres 0.300% 30.5 m 1.38% Adit 48.0 metres 0.091% 16.2 m 1.00% Canyon 26.5 metres 0.300% 613m/5 holes by PD, 51.2/2 holes by TCML and 15 rest by New Jersey Zinc (no data). CRV in 2011
Copper Plateau Showing Copper Plateau Showing Mineralization extends significantly into 450 by 550m Cu soil anomaly, open to S & E plateau area (max. 4120 ppm Cu, 75 ppb Au, 457 ppm Mo). Amenable to open pit mining. 2011 Drilling Highlights: 2011 Drilling Highlights: Interval Cu Grade Interval Cu Grade 99.1 metres .051% 205.75 metres .033% Incl. 65.5 metres .149% Incl. 87.5 m .060% 16
13.5 line km soil survey in 2010 Location of Cresval’s Open ended 2011 Russnor drilling 1 km long 600m wide Cu-Au-Ag +Mo, Sb, Zn Max. values: 985 ppm Cu 81 ppb Au 71.1 ppm Mo RUSSNOR SHOWING 200m RUSSNOR SHOWING Location of 2011 Russnor drilling over 2010 Copper in Soils 17 David Mark, 2010
Significant Drill Results Copper Plateau Highlighted by long intervals, close to surface. Russnor 18
RESOURCES AND RESERVES AT SELECTED MINES AND PROJECTS 1 Name Million T Cu % Mo % Au g/t Ag g/t Red Chris A 288 0.37 - 0.28 - New Prosperity B 831 0.23 - 0.41 - Mt. Polley C 87 0.29 - 0.30 0.4 Morrison D 267 0.35 0.005 0.17 - Mt. Milligan E 478 0.20 - 0.39 - Ajax F 512 0.31 - 0.19 - Copper Mountain G 233 0.36 - 0.09 1.3 Gibralter (GDP3) H 752 0.30 0.008 - - Highland Valley I 663 0.29 0.008 - - Huckleberry C 40 0.34 - - - 1. Resources estimated at 0.20% Cu cutoff. Resources include Measured and Indicated only. A – I: For information sources refer to reference page in Appendix 19
2015 Program at Mike Project COMPLETED NOVEMBER 2015 Airborne geophysical survey • High resolution, magnetic & radiometric • E-W lines at 100m spacing • Approximately 1,149 line km 20
CRV’s Other BC Projects New Raven Property, Gold 2.7 km trend of Au mineralization Diamond drilling, 481m in 10 holes: 5.8 g/t Au over 2.8m, 8.87 g/t Au over 2.4m, incl 15.64 over 1.2m 15.64 g/t Au over 1.5m Au Aumax Property, Gold, Silver 2 zones Lower: open 600m by 100-300m zone Trenching: 5.3 g/t Au, 583.6 g/t Ag/ 0.8m Upper: open 450 by 100m zone Trenching 1.0 g/t Au, 10.5 g/t Ag / 3m Historical placer gold production downstream of the property. 21
New Raven Project: Location Exciting, high-grade gold target in southwest B.C. Bralorne Gold Mine, 45 km 22
New Raven Claims: History • Claims staked in 1990 after road building uncovered float assaying 12.2 grams Au/tonne (0.356 oz Au/ton). • Trenching from 1990-1992 identified five gold showings with excellent potential to host a vein gold deposit. • Diamond drilling of 481m in 10 holes in 1991 returned 5.8 g/t Au over 2.8m and 15.64 over 1.5m Au. • Acquisition by Cresval in 2008 23
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