Ecuador Gold and Copper Corp. (TSXV: EGX)
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Ecuador Gold and Copper Corp. (TSXV: EGX)

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Ecuador Gold and Copper Corp. is a Canadian exploration and mining company that is focused on the Condor Gold Project located in the Zamora region of Ecuador. The Company is currently listed on the ...

Ecuador Gold and Copper Corp. is a Canadian exploration and mining company that is focused on the Condor Gold Project located in the Zamora region of Ecuador. The Company is currently listed on the TSX Venture Exchange under the symbol "EGX".

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    Ecuador Gold and Copper Corp. (TSXV: EGX) Ecuador Gold and Copper Corp. (TSXV: EGX) Presentation Transcript

    • ADVANCED GOLD & COPPER EXPLORATION PROJECT IN ECUADOR Corporate Presentation January 2014 1 TSX.V:EGX
    • www.ecuadorgoldandcopper.com Disclaimer Forward Looking Information This presentation includes statements that are forward-looking. All statements in the presentation (other than statements of historical fact) that address future operations or plans of Ecuador Gold & Copper Corp. (“EGX”) or their affiliates, proposed acquisitions, development and commissioning of mines, long term corporate goals, estimated development costs or operating costs, marketing plans or anticipated customers, mine reserves or resources, expansion of production, demand for product, and the future of the mining industry in general and the mining industry in Ecuador in particular are forward-looking statements. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the results, performance or achievements implied by the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, market prices for gold, general economic, market and business conditions, risks and uncertainties related to EGX’s abilities to complete their acquisition of gold properties in Ecuador, to successfully explore and develop the property, to obtain all necessary permits for exploration and development as and when required, to obtain listings for securities of EGX on a Canadian stock exchange upon completion of the acquisition of the property by EGX, estimation of resources and reserves, delays in exploration or development, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in exploration or development, gold price fluctuations, failure to obtain adequate financing when needed, exchange rate fluctuations, and risks and uncertainties associated with doing business in Ecuador. Although EGX has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward looking information. There may be information in this presentation that is information about prospective results of operations, financial position or cash flows (a “financial outlook”). This financial outlook is provided only to assist in an evaluation of the prospective business outlined in this presentation, but are not to be relied upon as accurate representations of future results and may not be appropriate for any other purpose. Furthermore, because this financial outlook is based upon estimates and hypothetical assumptions about circumstances and events that have not yet taken place and are subject to variation, there are no representations or warranties associated therewith, and there can be no assurance that the outlook will be attained. Readers are cautioned that no forward looking statement or financial outlook is a guarantee of future performance. EGX assumes no obligation to update these forward-looking statements or financial outlook except as may be required by law. Not an Offering of Securities This presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities of EGX or any other securities. Cautionary Note to U.S. Investors Concerning Estimates of Measured and Indicated Resources This presentation uses the terms “Measured” and “Indicated” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. 2
    • Resource 3 Condor Gold Project www.ecuadorgoldandcopper.com Condor Gold Project Resource & Growing GOLD SILVER Indicated 6.4 million ounces 18.5 million ounces Inferred 2.1 million ounces 4.5 million ounces The Company's core asset is the Condor Gold Project, which contains an Indicated Mineral Resource of 6.37 million ounces gold and 18.47 million ounces silver (within 318.85 million tonnes grading 0.62 grams/tonne gold, using a 0.25 grams/tonne gold cut-off). Additionally an Inferred Mineral Resource of 2.07 million ounces gold and 4.46 million ounces silver (within 127 million tonnes grading .52 grams/tonne gold, using a 0.25 grams/tonne gold cut-off). The Condor Gold Project also contains an Inferred Mineral Resource of 1.1 billion lbs of copper (within 161.0 million tonnes grading 0.31% copper, using a 0.2% copper cut-off).
    • Corporate Highlights 4 Condor Gold Project Condor Gold Project • Recently updated 43-101 resource in October 2013 • Looking to complete Preliminary Economic Assessment by Q1 2014 • Company is focusing on five main deposits within the Condor Complex which include: 1) Santa Barbara 2) Los Cuyes 3) Soledad 4) El Hito 5) Chinapintza (Joint Venture) • 43-101 indicated resource of 6.4 million oz gold and inferred resource of 2.1 million oz gold • 43-101 indicated resource of 18.5 million oz silver and inferred resource of 4.5 million oz silver • 43-101 inferred resource of 1.1 billion lbs copper • Joint Venture was announced to develop Chinipintza Deposit with Guangshou Group www.ecuadorgoldandcopper.com Condor
    • Corporate Highlights 5 Condor Gold Project Condor Gold Project • Recently completed Phase 1 and 2 drill program • Highlights include: • Hole DSB-23 at Santa Barbara intersected almost continuous gold and copper mineralization over 496 meters from 204m to 700m grading an average of 0.90 g/t gold and 0.12% Cu over the interval. • Hole DCU-41 at Los Cuyes encountered 149.0 m @0.84g/t Au and 9.0 g/t Ag there are numerous intercepts highlighted by a 14.1m interval with 5.00 g/t Au and 39.0 g/t Ag including 4.8m at 10.55 Au and 80.8 g/t Ag. • Hole DEH-05 at El Hito intersected relatively continuous copper mineralization over 703 meters from 8.0m to 711.0m grading an average of 0.31% Cu and 1.18 g/t Ag over the entire length. www.ecuadorgoldandcopper.com Condor
    • Joint Venture 6 Condor Gold Project Chinapintza Joint Venture • In November 2012 Company and Guangshou Group formed the JV Chinapintza Mining Corp for the exploration and development of the Chinapintza deposit • Under the terms of the Agreement, Ecuador Gold and Guangshou plan to proceed with the development of up to 300 tonnes per day of gold operation at the Chinapintza deposit pursuant to the "small‐scale mining regime" under Ecuador law, which limits such exploration development to 300 tonnes per day of gold mineral extraction. • Ecuador Gold will retain a 30% interest in the project with Guangshou supplying all of the funds for construction and development of the asset. www.ecuadorgoldandcopper.com Condor
    • Project History 7www.ecuadorgoldandcopper.com • TVX Gold Inc. extensively explored the Condor Gold Project during this time • Work included geochemistry, geophysics, extensive and widespread drilling totaling 51,439 metres • TVX completed a feasibility study in 1996 for Chinapintza 1993-99 2010 • Ecuador Capital Signed an agreement to acquire Ecometals (TSX.V - EC) 90% interest in the Condor Gold Project • New Ecuador mining regulation put into place. 2012 • Listed on the TSX Venture Exchange in July 2012 • Raised concurrent financing of $5.6 million. Debenture for $1 million • Continued relogging and remapping of property • Commenced Phase 1 drill program (10,000 m) in August . 201320112003-10 • Goldmarca/Ecometals worked the project and began a campaign of mapping, sampling, trenching, diamond drilling • Completed 33,390metres of diamond drilling • Obtained an Environmental Impact Assessment (EIA) approval for exploitation of a 500 TPD mine in 2006. • Raised $12 million privately through various financings • Completed 43-101 compliant resource estimate • Remodeling and reinterpretation of geological structure • Extensive relogging of core • Extensive geological mapping and sampling of property • Complete Phase 1 drilling program in May • Chinapintza Joint Venture Development • Announced 43-101 resource update in October • Commence Preliminary Economic Assessment 2014 • Completed Phase 2 Santa Barbara drilling in January 2014 • Updated Resource Estimate to be completed in Q1 • Completion of Preliminary Economic Assessment in Q1 • Chinapintza Joint Venture Development .
    • Directors and Management Glenn Laing President, CEO and Director • Over 35 years experience in the mining and financial industries including over 25 years in the position of President / Managing Director of mining and exploration companies • Raised in excess of $1 billion for mining and exploration projects Dr. Mario Blejer Director • Dr. Mario I. Blejer is an independent economic consultant who holds a degree in Economics and Jewish History and a Master's Degree in Economics from the Hebrew University of Jerusalem as well as a Ph.D in Economics from the University of Chicago. Carson Phillips Director • Mr. Phillips has a degree in Business Administration from UBC Okanagan as well as a degree in International Business from the Netherlands • Formally with the International Chamber of Commerce, Paris, France James Xiang Director • Mr. Xiang is the President of China Mineral Resources Limited ("CMRL") and President of CNX Consulting Inc. which provides accounting and financial advisory services to Chinese companies that are seeking listing, financing and M&A opportunities in North America. Paul Jones Director • Mr. Paul Jones has served in numerous engineering, operations, senior management, consulting positions and director in public and private companies active in the Americas, Africa and Asia during his long career (+40 years) in the mining industry 8www.ecuadorgoldandcopper.com
    • Directors and Management Marcelo Rivadenaris General Manager • Previously General Manager of Shell, Ecuador. He has served in numerous engineering, operations and senior management positions in Ecuador . He is a graduate of Lousiana State University Branislav Trajkovski Director • Mr. Trajkovski has been the Vice-President of investment banking for Jefferies International Limited in London since June 2010. • Currently a partner with Azar Capital Partners, LLP of London, England. Guoqing Huang Director • Mr Haung is currently the President of Guangshou Group Ltd., an independent mining and exploration company that owns and operates a number of mining operations in China and South East Asia. Mit Tilkov VP of Exploration • Over 35 years of experience mostly in exploration management with Cominco and thereafter Teck‐Cominco • Registered Professional Geologist (P.Geo.) in British Columbia, Canada and will be the Company's in‐house Qualified Person (QP) for the purposes of NI 43‐101. 9www.ecuadorgoldandcopper.com
    • Ecuador 10 Ecuador: Improving Mining Regime • Well understood favorable mining geology in the Andean Mineral belt • New Mining Regulation passed in 2010 and Amended in 2013 • Mining contracts have been negotiated with EcuaCorriente. • INV Metals (Chairman Terrance MacGibbon) recently acquired IAMGOLD’s Quimsacocha Project • EcuaCorriente are proceeding with construction of Mirador copper and gold mine • All business in Ecuador is transacted in US$ www.ecuadorgoldandcopper.com
    • Location 11www.ecuadorgoldandcopper.com EGX’s Condor Gold Project is located in the Pachicutza Mining District, about 40km east of Zamora and 200km east of Loja. Condor Gold Fruta Del Norte
    • Location 12 Project Location: Very prospective mineral régime www.ecuadorgoldandcopper.com • Kinross acquired Aurelian Resources in 2008 for $1.3 billion • Resources estimate 13.7 MMoz Au Fruta del Norte Project • China Railway & Tongling acquired Corriente Resources in 2010 for $679 million • Resources estimate of 438 million tonnes M&I @0.61% Cu, 0.2g/t Au and 1.6g/t Ag and 236 million tonnes Inferred to 0.51% Cu, 0.17g/t Au and 1.3g/t Ag • Signed exploitation agreement on in March 2012 EcuaCorriente – Mirador Project Located south of 13.7 million oz Fruta del Norte Project and 4.5 million oz Mirador Project Condor Complex - Chinapintza - Los Cuyes - Soledad Santa Barbara North Santa Barbara South
    • Geology and Deposits 13 • Located approximately 40 km east of the town of Zamora in the Pachiicutza Mining District • Four types of mineral systems exist • Low sulphidation epithermal gold • Structurally controlled vocaniclastics & breccia pipes • Polymetallic (Au, Ag, Pb, Zn) mesothermal veins and structurally controlled high grade epithermal gold • Gold, copper/gold and copper/ zinc porphyry systems • Northern Sector – Chinapintza, Los Cuyes, & Soledad • Comprises structurally controlled mineralization which is hosted by a series of veins, breccia pipes, diatremes and porphyries,. • Southern Sector – Santa Barbara & El HIto • Host to both classic Cu-Au Porphyry mineralization and structurally controlled higher grade gold and silver deposits www.ecuadorgoldandcopper.com
    • Resource 14www.ecuadorgoldandcopper.com 43-101 Gold Resource: - Indicated resource of 6.4 million oz Au - Inferred resource of 2.1 million oz Au 43-101 Silver Resource: - Indicated resource of 18.5 million oz Ag - Inferred resource of 4.5 million oz Ag
    • Porphyry Models TYPE A Porphyry Gold – Copper Base Metal Model +/- Ag, Mo, Zn TYPE B Porphyry Gold Rich Model Au, Cu, Mo, Zn, Bi, Te, As 15www.ecuadorgoldandcopper.com
    • 16 North-South Cross-Section of Porphyry Driven Deposits Condor www.ecuadorgoldandcopper.com 15KM OF STRIKE FOR DISCOVERY OF LARGE PORPHYRY DEPOSITS
    • 17 Drill Map - Santa Barbara www.ecuadorgoldandcopper.com HIGHLIGHTS • Hole DSB-23 at Santa Barbara intersected almost continuous gold and copper mineralization over 496 meters from 204m to 700m grading an average of 0.90 g/t gold and 0.12% Cu over the interval.
    • 18 Drill Map - El Hito www.ecuadorgoldandcopper.com HIGHLIGHTS • Hole DEH-05 at El Hito intersected relatively continuous copper mineralization over 703 meters from 8.0m to 711.0m grading an average of 0.31% Cu and 1.18 g/t Ag over the entire length.
    • 19 Drill Map - Los Cuyes www.ecuadorgoldandcopper.com HIGHLIGHTS • Hole DCU-41 at Los Cuyes encountered 149.0 m @0.84g/t Au and 9.0 g/t Ag there are numerous intercepts highlighted by a 14.1m interval with 5.00 g/t Au and 39.0 g/t Ag including 4.8m at 10.55 Au and 80.8 g/t Ag.
    • 20 Drill Map - Soledad www.ecuadorgoldandcopper.com
    • 21 Soledad 3D Model www.ecuadorgoldandcopper.com
    • 22 Santa Barbara 3D Model www.ecuadorgoldandcopper.com
    • Historical Drilling Summary 23 Average Depth 186 m Average Depth 278 m TVX and Goldmarca were focused on the North Sector Northern Sector (Condor) 78,747 m Southern Sector (Santa Barbara) 32,791 m Total Drilling 84,831 m www.ecuadorgoldandcopper.com
    • Strategic Goals – 2014 24 Condor Gold Project www.ecuadorgoldandcopper.com 1) Phase 2 Exploration drill program (15,000 m) – Completed January 2014 2) Preliminary Economic Assessment on Santa Barbara – Expected Completion Q1 2014 • Including updated Resources Estimate from Phase 2 drill program 3) Exploration program covering entire Condor Concessions – Throughout 2014 • Phase 3 drill program – 7,500 meters 4) Pre Feasibility Study on Santa Barbara – Expected Completion Q2 2015 5) Preliminary Economic Assessment on Los Cuyes/Soledad – Expected Completion Q4 2014 6) Chinapintza Joint Venture
    • 25 Capital Structure www.ecuadorgoldandcopper.com Common Shares Management & Directors 10,000,000 Common Shares 196,924,757 Shares Outstanding 206,924,757 Options 13,711,355 Warrants 70,539,553 Fully Diluted 291,175,665
    • APPENDIX 26www.ecuadorgoldandcopper.com
    • Resource 27www.ecuadorgoldandcopper.com Condor Gold Project 43-101 Resource Breakdown Tonnage Grade Contained Metal (000 t) (g/t Au) (g/t Ag) (% Cu) (000 oz Au) (000 oz Ag) (lbs Cu) Indicated (Gold) Los Cuyes 46,848 0.82 6.19 1,235 9,323 Soledad 34,900 0.63 7.21 707 8,090 Enma 1,005 2.88 32.83 93 1,061 Santa Barbara South 236,100 0.57 0.85 0.1 4,330 - Indicated 318,853 0.62 2.43 6,365 18,474 Inferred (Gold) Soledad 20,000 0.50 6.93 322 4,456 Santa Barbara South 102,000 0.50 0.90 0.10 1,600 - Santa Barbara North 5,000 0.90 145 - Inferred 127,000 0.52 1.09 2,067 4,456 Inferred (Copper) El Hito 161,000 0.31 1.1 billion Inferred 161,000 0.31 1.1 billion Gold resources have been calculated using a 0.25 g/t Au cutoff grade and copper resources at El Hito were calculated using a 0.2%Cu cutoff grade The Company's core asset is the Condor Gold Project, which contains an Indicated Mineral Resource of 6.37 million ounces gold and 18.47 million ounces silver (within 318.85 million tonnes grading 0.62 grams/tonne gold, using a 0.25 grams/tonne gold cut-off). Additionally an Inferred Mineral Resource of 2.07 million ounces gold and 4.46 million ounces silver (within 127 million tonnes grading .52 grams/tonne gold, using a 0.25 grams/tonne gold cut-off). The Condor Gold Project also contains an Inferred Mineral Resource of 1.1 billion lbs of copper (within 161.0 million tonnes grading 0.31% copper, using a 0.2% copper cut-off).
    • Contact: Ecuador Gold and Copper Corp. 5000 Yonge St. Suite 1901 Toronto, Ontario M2N 7E9 Email: cphillips@ecuadorgoldandcopper.com Tel: (604) 657 5871 Contact 28www.ecuadorgoldandcopper.com