The Poten)al for Much More
May, 2016
The El Oro Gold District, Mexico
Joanne C. Freeze, P.Geo. is the Qualified person responsible for prepara;on of all technical Informa;on included
The Poten)al for Much More The El Oro Gold District, Mexico May, - - PowerPoint PPT Presentation
The Poten)al for Much More The El Oro Gold District, Mexico May, 2016 Joanne C. Freeze, P.Geo. is the Qualified person responsible for prepara;on of all technical Informa;on included Disclaimer The material contained in this presenta1on is
May, 2016
Joanne C. Freeze, P.Geo. is the Qualified person responsible for prepara;on of all technical Informa;on included
The material contained in this presenta1on is provided solely for your general knowledge and is not intended to be a comprehensive review of all ma:ers and developments concerning Candente Gold Corp. (‘Candente’) or its affiliates. Candente has taken all reasonable care in producing the informa1on contained in this presenta1on. This informa1on may s1ll contain technical or other inaccuracies, omissions, or typographical errors, for which Candente assumes no responsibility. Candente makes no representa1on or warranty regarding, and assumes no responsibility for, the use, validity, accuracy, completeness, reliability or currency of any claims, statements or informa1on in this presenta1on. By a:ending or reviewing this presenta1on, you agree that Candente will not be liable for any injuries, losses, expenses or damages arising from the use of or reliance on informa1on contained in this presenta1on, or any inaccuracy or omission in such informa1on or failure to keep the informa1on current. The informa1on in this presenta1on is not a subs1tute for
The informa1on contained in this presenta1on does not cons1tute an offer or the solicita1on of an offer for the purchase of any securi1es of Candente. This informa1on is not intended in any way to qualify, modify or supplement any informa1on disclosed under the corporate and securi1es laws of any jurisdic1on applicable to Candente. No securi1es commission or similar authority in Canada or any other country or jurisdic1on has in any way passed on any of the informa1on contained in this presenta1on and no representa1on or warranty is made by Candente to that effect. Cau,onary Note to U.S. Investors We advise U.S. investors that this presenta1on uses terms which are not recognized by the United States Securi1es and Exchange Commission (“SEC”), including “mineral resources”, “measured resources”, “indicated resources” and “inferred resources”. The es1ma1on of measured & indicated resources involves greater uncertainty as to their existence and economic feasibility than the es1ma1on of proven and probable reserves. U.S. investors are cau1oned not to assume that mineral resources in these categories will be converted to reserves. The es1ma1on of inferred resources involves far greater uncertainty as to their existence and economic viability than the es1ma1on of other categories of resources. U.S. investors are cau1oned not to assume that es1mates of inferred mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. U.S. investors are cau1oned not to assume that mineral resources in any of these categories will be converted into reserves. This presenta1on also contains informa1on about adjacent proper1es on which we have no right to explore or mine. We advise U.S. investors that SEC mining guidelines strictly prohibit informa1on of this type in documents filed with the SEC. U.S. investors are cau1oned that mineral deposits on adjacent proper1es are not indica1ve of mineral deposits on our proper1es. 2
EL ORO EL ORO
El Oro District, Mexico
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One of Mexico’s highest grade historic gold and silver past producers.
than 50 known veins
With Potential for more….
extension proven now key is understanding controls to higher grades
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production
5 M oz Au eq production ~ 10:1 Ag:Au
production
– In 1925 all mines and properties acquired by Dos Estrellas and mineral processed in a new crushing, grinding and cyanide processing plant built on the Dos Estrellas site
– Minera Dos Estrellas operating as a (worker owned cooperative) salvage operation mining stope fill, back fill and exploitation of insitu higher grade pillars from the San Rafael/Veta Verde Veins
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July 10th, 2014 El Oro Tailings Inferred Resource contains 119,900 oz Gold and 3M oz Silver March 2013 Development of a 3D gold and silver grade model of El Oro Mining & Railway por;on of the San Rafael vein segment * significantly enhanced understanding of controls on mineraliza1on controls Feb 2013 Thirty-one explora;on targets (9 high priority) ASTER/structural interpret * district is underexplored May 2012 70% earn-in achieved from Goldcorp (achieved $10M in explora;on expenditures) Feb 2012 San Rafael Vein extended laterally to 3.5km and ver;cally to 500m * established addi1onal poten1al of San Rafael May 2011 Gold discovered deep in the San Rafael Vein (13.7 g/t Au over 3.0m) *confirms high grade gold poten1al at depth below old workings
Unconformity Somera Tuff Discovery (1.17 g/t Au and 5.02 g/t Ag over 54.7m) *totally new form of gold-silver mineraliza1on – previously unrecognized
Schema)c longitudinal sec)on showing past historic produc)on from the San Rafael Vein with Candente 2010-2011 Drilling; pre-mineral andesite sills Schema)c longitudinal sec)on showing past historic produc)on from the San Rafael Vein with Candente 2010-2011 Drilling
High Grade gold Intersected Above and Below the Esperanza Workings
3m of 13.7 g/t gold in faulted San Rafael Vein 126m below old workings confirms that high grade extends well below the limits of historical mining faulting has greatly reduced the width of the vein in this area.
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San Rafael is a Stacked Vein System
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Drill Hole ID From(m) To(m) Intercept(m) Au g/t Ag g/t SR-93-01 191.0 193.0 2.0 6.90 58.26
Post mineral volcanics to 125m
198.0 199.5 1.5 15.10 91.00 216.5 217.5 1.0 4.11 49.80 229.0 230.0 1.0 6.18 25.80 254.2 255.5 0.87 4.22 44.70 SR-93-02 167.3 168.0 0.7 3.25 49.10
Post mineral volcanics to 125m
183.5 189.5 5.9 1.51 80.05 201.5 207.0 5.5 5.40 87.00 207.0 210.5 3.5 23.20 224.00 201.0 213.0 12.0 10.10 121.49 SR-93-04 274.1 275.5 1.4 1.05 75.00 SR-93-05 263.5 266.5 3.0 0.31 146.00
Post mineral volcanics to 175m
266.5 271.0 4.5 1.77 307.00 283.0 285.0 2.0 4.00 81.00 SR-93-06 289.5 290.0 0.5 0.46 77.80
Post mineral volcanics to 275m
300.0 304.5 4.5 0.77 103.00 329.0 332.0 3.0 0.14 133.00 332.0 334.0 2.0 0.19 213.00 334.0 336.8 2.8 0.11 76.80 SR-93-07 243.0 243.5 0.5 1.07 80.00 SR-93-08 238.5 240.0 1.5 15.90 59.30
(volcanics to 130m depth)
240.0 241.5 1.5 10.80 66.50
Sedng: sediment, doming, ignimbrite flare-up and related qfp intrusions, post mineral volcanic cap Deposit forms: vein swarm, breccia and disseminate/shear hosted (low angle faults) Ore textures: fine bands, comb, crus;form, jig saw breccia Altera)on: chalcedony-adularia-illite-calcite-Kspar-chlorite; outwards to manganese Ra)os: at San Rafael Ag: Au is 8:1; an earlier sulphide rich gold-rich event (5-8% py) Known Metals: na;ve gold, na;ve silver, electrum (Au-Ag amalgam), and Ag sulfo-salts (Sb-Pb); pyrargyrite (AgSbS3); and ruby silver, silver sulphides, galena, sphalerite; trace chalcopyrite Base metals: < 0.1-1.0 % combined lead plus zinc Fluid Inclusions: salini;es at 0.80 to 3.5 wt % NaCl; T 202-3580C Notable: low sulphida;on state mineraliza;on (gold-rich) and intermediate sulphida;on state mineraliza;on (silver and base metal rich) Higher grades: Oxidized sulphide rich veins at cross faults (50-175 g/t Au and 150-2064 g/t Ag-Veta Negra, San Carlos
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Target 17-Cortaduras
Target 11: NNW-SSE fault in Pliocene tuffs; domal features; 080 Azimuth down-to-north fault; target at deeper level north Target 12: NNW-SSE fault in Pliocene tuffs; north Verde; nearby domal features; NNW-SSE linear resistant veins Target 13: NNW-SSE fault with 170° Azimuth strike swing; vein buried under post mineral tuffs; domal features to west Target 14: NNW-SSE fault; on Coronas Vein; N-S vein fault swing; WNW- ESE down-to-north fault; target deep Target 17: Cortaduras is 100°Az down-to-north fault; extensive altera;on; gold-silver mineraliza;on on surface/trench/drill hole Target 19: Borda; N-S Azimuth veins on Geo-Eye 1; NNW-SSE in south then swing to N-S = dila;on = mineraliza;on Target 21: NNW-SSE veins; overlapping domal features; veins between San Rafael and Verde Target 22: South extension of San Rafael; 170°Az fault NNW-SSE inflec;on; to north in Target 13; NNE/NE fault Target 23: South San Rafael; vein fault splits to NNW-SSE and 170° /N-S; horse-tailed vein Target 27: North San Francisco de Los Reyes; Eocene syenite; domal feature; NE-SW northwest throw
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BVI main owner of Tailings is
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Share structure as of April, 2016
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Joanne Freeze, B.A., B.Sc., P.Geo., President and CEO
Co-Founder of Candente Resource Corp. in 1997. Guided the discovery and development of the Cañariaco copper deposit into Feasibility stage. Lead the acquisition of the El Oro gold project from Goldcorp in 2006. Sean Waller, M.Sc., P. Eng., Technical Advisor
and ops experience. Former VP Global Business Development & Senior Project Manager with AMEC Americas’ Mining and Metals Division
Faisel Hussein, MBA, Executive VP and Acting CFO
(PIP), an operating platform and principal investor in the mining and energy sectors.
expanded the firm's global footprint, and executed cross-border M&A and capital markets
Paul H. Barry, MBA, Independent Director and Chairman
Company
debt financing Larry Kornze, P. Eng., Independent Director
Evalua;ons for Barrick Gold Corp. US Manager for Barrick especially Goldstrike - discoveries at Betze, Meikle, Deepstar, Screamer & Rodeo.
Andres Milla, M.A. Ec., Independent Director
Billion.
2003
Vancouver
TSX Venture : CDG
Suite 1100-1111 Melville Street Vancouver, B.C. Canada V6E 3V6 Email: info@candente.com Telephone: (604) 689-1957 Toll Free: 1-877-689-1964
www.candentegold.com
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