Taparko Gold Mine (SOMITA) Exploration 31.10.2013 Disclaimer - - PowerPoint PPT Presentation

taparko gold mine somita exploration
SMART_READER_LITE
LIVE PREVIEW

Taparko Gold Mine (SOMITA) Exploration 31.10.2013 Disclaimer - - PowerPoint PPT Presentation

Taparko Gold Mine (SOMITA) Exploration 31.10.2013 Disclaimer Information contained in this presentation concerns Nord Gold N.V., a company organized and existing under the laws of Netherlands (the Company, and together with its


slide-1
SLIDE 1

Taparko Gold Mine (SOMITA) Exploration

31.10.2013

slide-2
SLIDE 2

Disclaimer

2 Information contained in this presentation concerns Nord Gold N.V., a company organized and existing under the laws of Netherlands (the “Company”, and together with its subsidiaries, the “Group”), and is for general information purposes only. The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. These materials may contain forward-looking statements regarding future events or the future financial performance of the Group. One can identify forward looking statements by terms such as “expect”, “believe”, “estimate”, “anticipate”, “intend”, “will”, “could”, “may”, or “might”, the negative of such terms or other similar expressions. These forward-looking statements include matters that are not historical facts and statements regarding the Group’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Group operates. By their nature, forward-looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may

  • r may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and

that the Groups’ actual results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which the Group operates may differ materially from those described in or suggested by the forward-looking statements contained in these materials. In addition, even if the Group’s results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which the Group operates are consistent with the forward-looking statements contained in these materials, those results or developments may not be indicative of results or developments in future periods. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in forward-looking statements

  • f the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in

the states where the Group operates, changes in the world [gold] market, as well as many other risks specifically related to the Group and its operations. No reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. The information in this presentation is subject to verification, completion and change. Accordingly, no representation or warranty, express

  • r implied, is made or given by or on behalf of the Company or any of its shareholders, directors, officers or employees or any other

person as to the accuracy, completeness or fairness of the information or opinions contained in these materials. None of the Company nor any of its shareholders, directors, officers or any other person accepts any liability whatsoever for any loss howsoever arising from any use of the contents of this presentation or otherwise arising in connection therewith. The presentation and the information contained herein does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities of the Company have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “Securities Act”). Accordingly, the securities of the Company may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Company does not intend to conduct a public offering of any securities in the United States

slide-3
SLIDE 3

3

EXPLORATION 2013-2014 SOMITA SA

  • Main exploration strategies
  • Previous exploration – Taparko Mining License
  • 2013 exploration program – Taparko Mining License
  • Previous exploration – HRG exploration permits
  • 2013 exploration program – HRG exploration permits
  • Challenges and objectives
  • 2013 work performed and main results to date
  • Exploration planned Q4-2013 and 2014
slide-4
SLIDE 4

4

A.

  • Prolong the life of Taparko mine with discovery of additional reserves

for the existing mine and mill infrastructure (i.e. within say, 10 km, from the ROMpad)

B.

  • Determine the potential of the various exploration targets (including

previously defined targets and newly conceptualized targets) on the HRG exploration permits in the Taparko-Bouroum area as well as the southern part of the Taparko Mining License (i.e. more than 10 km from the ROMpad), integrating the recently acquired airborne geophysics into the vast existing exploration database

Main exploration strategies

slide-5
SLIDE 5

5

Previous exploration - Taparko Mining License

HRG exploration 1996-2003 highlights

  • 400 x 400m regional soils and extensive

grab sampling

  • Some ground geophysics
  • Development drilling at Taparko
  • Two satellite discoveries :
  • Zemce (today ~15 000oz at 2.8 g/t Au)
  • Goengo (today ~300 000oz at 1.4 g/t Au)
  • Very minor reconnaissance exploration at

Bore (E of Tpko) and Levry (SW corner of Mining Lic)

  • Targets at Taranga-Dyakolra (Areas7-8)
slide-6
SLIDE 6

6

A.

1)HRG regional field procedures 1996-2003 are considered to have been perfectly appropriate but exploration commitments on the other permits resulted in : No significant exploration on the Taparko Mining License (665 km2) since 2003

B.

1)The high quality of the HRG 1996-2003 exploration work, along with the tenacious prospection of the area by hungry orpailleurs, suggests that in all probability, any significant

  • utcropping gold mineralization has already been discovered (Zemce, Goengo, Levry)

Main conclusions Taparko Mining License

C.

Any mineralization that may be waiting to be discovered (especially within 10 km of the ROMpad) will therefore in all probability be located in an area with transported laterite or alluvial cover

D.

Exploration procedures 2013 will be executed with a higher level of technical rigour compared to 1996-2003 procedures – under the assumption that if we repeat what has already been done we will only find what has already been found

slide-7
SLIDE 7

2013 exploration program Taparko ML

A.

Geophysics – newly acquired 100x100m airborne geophysics data (magnetics, radiometrics, VTEM electromagnetics) increases the technical level of the geophysics at the scale of the ML compared to the regional government surveys

C.

Mapping – increase the technical level of the mapping by using senior geologists

B.

Geochemistry – regional geochemistry will sample termite mounds** instead of traditional soils, at 200 x 200m spacing, compared to previous 400 x 400m; in-fill sampling of anomalies identified close to the ROMpad may be performed prior to complete coverage of the ML at 200 x 200m

D.

Continue resource/reserve drilling in close proximity to the existing open pits

E.

Special attention to the northern extension of 3/5 pit, using S plunge model

F.

Special attention to Goengo, 15 km from the ROMpad, where significant exploration potential may be opened up with detailed mapping and intepretation of existing drilling, integrated with the new detailed geophysics

7

slide-8
SLIDE 8

VTEM DC_50 Conductivity Taparko mine Goengo Markoye fault

Taparko and Nongo-Fayere

8

slide-9
SLIDE 9

9

Markoye fault – can you see it ?

slide-10
SLIDE 10

10

Taparko Mining Licenses and HRG exploration permits

slide-11
SLIDE 11

Taparko Mining Licenses and HRG exploration permits

11

slide-12
SLIDE 12

Bouroum permits

  • Small resources +/- orpaillage sites

along the northern (Baola 1.3t Au) and southern (Nayiri 3.5t Au) extensions of the F12/WS structure

  • Small resources and orpaillage sites

at satellite deposits at Ankouma North (2.3t Au) and Yeou3 (2.5t Au) in the order of 80 km from Taparko 2013

  • Compile previous results integrating

the new airborne geophysics

  • Act upon recommendations

F12/WS Bissinga

12

slide-13
SLIDE 13

Nayiri permit (has been reduced; expires Nov 5 2013)

  • Resource drilling south of F12/WS
  • Minor scout RC drilling elsewhere

2013

  • Compile previous results integrating

the new airborne geophysics

  • Act upon recommendations
  • Special attention to Bissinga south

extension

Bouroum permits

13

slide-14
SLIDE 14

Baola permit (+ new Baola II permit; Baola expires Nov 5 2013)

  • Resource drilling north of F12/WS
  • Minor scout RAB drilling elsewhere

2013

  • Compile previous results integrating

the new airborne geophysics

  • Act upon recommendations
  • Widely spaced drill-testing of the

northern extension of Baola

Baola II

Bouroum permits

14

slide-15
SLIDE 15

Ankouma permit (has been reduced; expired Feb 25 2013)

  • Resource drilling Ankouma North
  • Minor scout RAB/RC drilling elsewhere

2013

  • Compile previous results integrating

the new airborne geophysics

  • Act upon recommendations
  • Special attention to Ankouma North,

Boulgue and Bou targets

Bouroum permits

15

slide-16
SLIDE 16

Yeou permit (has been reduced; expired 22 dec 2012)

  • Resource drilling Yeou3
  • Minor scout RAB/RC drilling elsewhere

2013

  • Compile previous results integrating

the new airborne geophysics

  • Act upon recommendations

Yeou resources

Bouroum permits

16

slide-17
SLIDE 17

Yeou3 deposit section example 1

17

slide-18
SLIDE 18

Yeou3 deposit section example 2

18

slide-19
SLIDE 19

Yeou3 deposit section example 3

19

slide-20
SLIDE 20

Tanzaka permit (has been reduced; expires Sep 12 2014)

  • Minor scout RC drilling
  • Grassroots permit

2013

  • Compile previous results integrating

the new airborne geophysics

  • Field verify the 16 regional targets
  • Act upon recommendations

Bouroum permits

20

slide-21
SLIDE 21

21

A.

Exploration strategy partly based on economic, rather than geologic parameters

C.

Exploration permits have reasonable to extensive exploration work performed with technical successes (small resources) but no obvious significant discovery

B.

Limited time frame for the HRG exploration permits

D.

Prioritize existing targets with potential and eliminate targets with no economic potential; conceptualize new targets using in particular the new airborne data

Challenges 2013

E.

Exploration in a mine environment; advantages and disadvantages

F.

Construct a predictive geological model at Goengo-Kangarse-Hampanaba and confirm with drilling

G.

HR issues with SOMITA and HRG employees / different contract structure, different rotations – difficult to take advantage of technical capabilities of the two teams

slide-22
SLIDE 22

22

A.

Near-mine definition of 4.5t Au of gold reserves (primarily between 2N/2K & 3/5)

B.

One new discovery within 10 km of the ROMpad, with demonstrated potential to host 10t of gold resources

Objectives 2013

C.

Upgrade an existing target and / or one new discovery outside the 10 km radius of the ROMpad, targeting potential to host 10t of gold resources

slide-23
SLIDE 23

Work performed Taparko area 2013

A.

Based on field visits and time frame, Taranga and Dyakolra dropped

C.

Termite mound sampling at 200x200m completed over Taparko permit; in-fill sampling at 100x100m completed over several areas and ongoing at Goengo (18 033 samples taken to Oct 20)

B.

Based on field visits, a RAB drilling program (4577m along strike and northeast of Hampanaba area) and time frame, Nongo-Fayere will be dropped

D.

RAB drilling completed east of Taparko mine (Boré target – 6025m)

E.

Diamond drilling completed inside the mine fence, ongoing north of the mine fence, with one section remaining to be drilled south of the mine fence (total 14 267m drilled to Oct 20 of which 3141m are outside the mine fence)

F.

Detailed mapping ongoing, we are ready to start Goengo

23

slide-24
SLIDE 24

Main results Taparko area 2013

A.

There is no significant mineralization west (Taparko granodiorite) or east of Taparko mine (amphibolite grade incipient migmatites)

C.

Best exploration target close to Taparko mine is Goengo (15 km) where gold mineralization is associated with shear zones in greenschist metasediments

B.

Drilling ongoing along strike, north and south of Taparko mine, best result north of the mine fence is 3.15 g/t Au / 1.95m but the zone is actually about 10m wide – step-out drilling will be done

D.

Secondary exploration target at Levry (20-25 km) not yet mapped

24

slide-25
SLIDE 25

Taparko termite mound results (north)

3/5 pit GT pit

25

slide-26
SLIDE 26

Goengo Levry

Taparko termite mound results (south)

26

slide-27
SLIDE 27

Work performed Bouroum area 2013

A.

Based on time frame, no serious work performed on Nayiri, Baola

C.

RC condemnation drilling completed west of F12/WS (6025m)

B.

Geological mapping and termite mound sampling at 100x100m completed over a part of Baola II permit, 400x200m sampling ongoing (18 033 samples taken to Oct 20)

D.

RC just started up at Yeou – satellite deposit for Taparko mill hopefully we will send 3t Au to the mill grading 3g/t+ Au, diamond drilling will start Nov 2013

E.

Based on field visits, an auger drill program has been recommended at Tanzaka in 2014 program / budget and preliminary approval has been received

27

slide-28
SLIDE 28

Main results Bouroum area 2013

A. Baola II program ongoing but preliminary results surprising B. No significant mineralization at planned waste piles west of F12/WS

28

slide-29
SLIDE 29

Baola II preliminary results

29

slide-30
SLIDE 30

Exploration program Q4-2013 and 2014 (reduced budget)

A.

1)Resource in-fill drilling at Yeou, feasibility studies

C.

Completion of mapping and termite mound sampling at Baola II

B.

1)Geological mapping and termite mound sampling at 100x100m at Goengo

D.

Auger drilling at Tanzaka, and along strike – NW of Yeou

E.

Reconnaissance diamond drilling at Goengo

F.

Geological mapping of all of Taparko permit

30

slide-31
SLIDE 31

Thank you

31