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NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
NL Mineral Resources Review
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NL Mineral Resources Review

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NL Mineral Resources Review

NL Mineral Resources Review

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  • 1. TSX-V: CT OTCQX: CTIIFUpdate Hope Brook Gold Project, Newfoundland Newfoundland Mineral Resources Review November 3, 2012 Member of Forbes & Manhattan Group of Companies
  • 2. Forward Looking Statements The information presented contains “forward-looking statements”, within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to estimated production, the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; litigation liabilities; and limitations on insurance coverage. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward- looking statements and forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward- looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements 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 forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. Dr. Bill Pearson, P.Geo. who is a Qualified Person as defined by National Instrument NI 43-101 and reviewed and approved the scientific and technical information contained in this presentation. Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources. The information presented uses the terms “measured”, “indicated” and “inferred” mineral resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. In connection with the recently announced private placement financing, this presentation shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities that are subject to the recently announced private placement financing have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. 2TSX-V: CT OTCQX: CTIIF
  • 3. Overview of Castillian Castillian Resources Corp. TSX-V:CT, OTQX and CCTIIF Canadian mineral exploration company whose focus is growing Gold projects in Canada Castillians Flag Ship property is the Hope Brook Gold Project in southern Newfoundland Updated NI 43-101 Mineral Resource released for Hope Brook October 2012 only 8 months after initial estimate Canadian Creek property in central Yukon is adjacent Kaminak’s Sugar Gold-in-Soil Trend Recently closed $2 million financing with Ryan Gold for further exploration drilling at Hope Brook Strong Board, Management and Technical Team 3TSX-V: CT OTCQX: CTIIF
  • 4. Advancing Hope Brook2010 2010 2011 2012February December September JuneAcquired Hope Intersected Intersected Successful initial 4,549Brook Gold 2.41 g Au/t 4.09 g Au/t over metre drill programProject over 26.5 metres 29.3 metres in Mine testing priority targets in Pit Zone Zone Extension completed at Hope Brook 2010 2011 2012 2012 September March February October Started Drilling Intersected First NI 43 -101 Updated NI 43 -101 Program 4.56 g Au/t Mineral Resource Mineral Resource over 8.9 metres Exploration Drilling Increasing indicated in Hanging Wall Recommenced mineral resource Zone at Hope Brook ounces by 102% 4TSX-V: CT OTCQX: CTIIF
  • 5. 2012: Moving Castillian Forward First NI 43 -101 mineral resource announced February 14, 2012 (filed April 5, 2012), meeting guidance at 740,000 inferred ounces of gold and 290,000 indicated ounces of gold and in just 16 months of exploration Completed initial 4,549 metre drill program in Spring 2012 testing priority targets with excellent results • 5.47 g Au/t over 38.0m • 3.78 g Au/t over 53.0m and 4.41 g Au/t over 5.0m Updated NI 43-1010 mineral resource announced October 1, 2012 with a 102% increase in indicated resource to 590,000 ounces of gold and a modest reduction of inferred resource to 548,000 ounces of gold through successful conversion of inferred to indicated Completed preliminary metallurgical testing that confirmed historic recoveries and indentified opportunities for enhancement of recovery Drilling to commence shortly following recently completed $2 million financing with Ryan Gold 5 TSX-V: CT OTCQX: CTIIF
  • 6. Hope Brook Gold: The Flagship Project Own 100% interest in 1,005 claims covering approximately 25,150 ha Historical production (1987 – 1997) of 752,163 ounces gold in time of low gold prices (<US$400/oz) No exploration drilling on property since 1996 until Castillian started diamond drilling in 2010 6TSX-V: CT OTCQX: CTIIF
  • 7. Major Gold Mineralized Structuremore than 8 km in Length Structure likely continues under granite sheet 7TSX-V: CT OTCQX: CTIIF
  • 8. Large Scale Mineralized System Alteration zone Altered & extends 8+ km along Mineralized strike with a number of Shear Zone gold occurrences Open Pit 500+m wide Helicopter (behind hill) Mineralized zone open for scale along strike in both directions and at depth Major focus is exploring for more higher grade zones 8 TSX-V: CT OTCQX: CTIIF
  • 9. Gold Mineralization at Hope Brook• Gold mineralization hosted in silicified zones with Late Proterozoic Whittle Hill Sandstone – Third Pond Tuff succession• Two major gold-bearing stages: – Earlier pervasive buff coloured silicification with lower grade mineralization (~0.5 – 1.0 g Au/t) 15-80m thick – Later vuggy grey silicification with local siliceous breccia (>2.0 – 5.0+ g Au/t and significant Cu) 5-25m thick 9TSX-V: CT OTCQX: CTIIF
  • 10. Hope Brook Gold Resource Model 548,000oz inferred and 590,000oz indicated ounces of gold are located within this model Mine Zone open open 240 Zone open open 10TSX-V: CT OTCQX: CTIIF
  • 11. Updated NI 43-101 Mineral Resource NI 43-101 MINERAL RESOURCE ESTIMATE, HOPE BROOK GOLD PROJECT * as at October 1, 2012 Within constraining shell Below constraining shell Total @ 0.50 g Au/t cutoff @ 2.0 g Au/t cutoff Tonnes Gold Gold Tonnes Gold Gold Tonnes Gold GoldCategory (millions) (g/t) (oz) (millions) (g/t) (oz) (millions) (g/t) (oz)Indicated 10.6 1.24 422,000 1.7 2.99 168,000 12.3 1.48 590,000Inferred 06.4 1.91 397,000 1.8 2.62 151,000 08.3 2.07 548,000 Constraining shell incorporates essentially all of the remaining historic resources in the former Hope Brook mine in addition to new areas of resource as defined by Castillian, including the Pit Zone, Hanging Wall Zone and Mine Zone Extension. There is a possible copper credit that is not included in the mineral resource due to missing copper assays in historical drill holes. * Full Technical details and notes to the NI 43-101 Mineral Resource Estimate can be found in the Press Release dated October 1, 2012 . A NI 43- 101 Technical Report will be filed within 45 days of this press release. 11TSX-V: CT OTCQX: CTIIF
  • 12. Growing the Gold Resource Change in NI 43-101 Mineral Resource February 14, 2012 to October 1, 2012 548,000oz1,000,000 oz 740,000 oz 590,000 oz 500,000 oz Indicated Mineral Resource 290,000 oz Inferred Mineral Resource February 2012 October 2012 12TSX-V: CT OTCQX: CTIIF
  • 13. Geology of Hope Brook Strongly deformed Late Proterozoic mineralized succession abuts against mylonites of Cinq Cerf Fault Footwall pyritic silicified zone useful geophysical marker Hangingwall of deposit is extensive pyritic argillic alteration zone which replaces silicified zones in places but is unmineralized Deposit has been cut by mafic dykes and is strongly deformed including dykes 13TSX-V: CT OTCQX: CTIIF
  • 14. Exploration Upside Deposit is open along strike and at depth Twinned holes typically return much higher gold and copper grades compared to historical holes Historic drill holes too short to test potential for depth extension Widespread higher grade mineralization Silicified zones and footwall pyritic zone can be traced effectively using geophysics 14TSX-V: CT OTCQX: CTIIF
  • 15. Applying Technology: Titan 24 Survey at Hope Brook Former HB Mine Extensive Resistivity Low Marks Footwall Conductor (Blue)MajorTarget Zone 15 TSX-V: CT OTCQX: CTIIF
  • 16. Tracing Silicified Zones at Hope Brook Recent work suggests two major silicified zones are present Relationship between these two zones is uncertain Possibilities include fold structure, fault splays or ?? Possibility for more silicified zones to be found 16 TSX-V: CT OTCQX: CTIIF
  • 17. Enhancing Exploration Targeting Collaborative research project in progress with Western University in Ontario and Memorial University in Newfoundland Focus is to better understand nature, distribution and origin of higher grade mineralization to aid further exploration Samples selected from a fence of holes covering range of lithologies and mineralization Initial results are very encouraging 17TSX-V: CT OTCQX: CTIIF
  • 18. Hope Brook: Mineralizing Fluids Hole HB11-023 included the highest grade returned at Hope Brook - 204g/t Au and 7.98% Cu over 1.5m Core Length Analysis of samples from major silicified zones Au Grade (ppm) Vs. δ18O (‰ VSMOW) across deposit; grades from Au Grade (ppm) for HB 11-023 Outlier 0 50 100 150 200 250 0.5 g Au/t to 204 g Au/t 13 Wallrock has wide range of 12 d18O isotopic values 11 Hole HB 10-003 Hole HB 11-013 typical of volcanic- 10 Hole HB 11-023 sedimentary-intrusive rocks δ18O (‰ VSMOW) Hole HB 11-029 9 Hole HB 11-031 ALL the samples with 8 Hole HB 11-033 elevated gold are restricted 7 Hole HB 11-034 Hole HB 11-060 to a very narrow d18O Hole HB 11-061 range 6 Hole HB 11-023 Au Outlier 5 Gold mineralization at Hope 4 Brook was likely deposited 0 1 2 3 4 5 6 7 8 9 10 Au Grade (ppm) from a single fluid source 18 TSX-V: CT OTCQX: CTIIF
  • 19. Hope Brook: Mineralogy of High Grade Au1. Scanning Electron Microscope 1 2 • Indicates elements present Au include Sn, Hg, As, Pb – Fe, Si, Cu, Au Cp Py CpMineral Liberation Analysis: Qz2. Epithermal Mineral Assemblage 3 • Mawsonite, Cassiterite Au Au3. Gold Grain Mapping • Fine grained 2-3 microns within AuMw Cp Bn sulphide grains Au Au • Typically on margins of chalcopyrite, mawsonite and 0 200 um bornite 19TSX-V: CT OTCQX: CTIIF
  • 20. Hope Brook Origin – Working Hypothesis Fluids responsible for all gold mineralization had a similar geochemical composition and are likely the result of a single large system. Overall low d18O values suggests the possibility of hotter fluids than might be expected at the top of the system i.e. mesothermal – epithermal level Mineralogy is epithermal in character but textures and isotopes indicate deeper level in system 20TSX-V: CT OTCQX: CTIIF
  • 21. Implications for Hope Brook Exploration Mineralization likely formed by major magmatic- hydrothermal system Mineralizing system likely initially mesothermal then became emergent to more epithermal but not shallow Age of mineralization possibly correlative with Roti Intrusions – 563+/-4 Ma (Dunning et al, 1988) Major question: WHERE IS THIS SYSTEM CENTERED? 21TSX-V: CT OTCQX: CTIIF
  • 22. Next Drilling at Hope Brook Substantially expand extent of exploration drilling along mineralized trend Drilling to test six major target areas over a strike length of 3.4 km 80% of drilling will be outside of current NI 43- 101 resource Drilling will be done at spacings of 80m-100m sufficient for potential inferred resource Drilling will commence shortly 6,000m drilling planned 22TSX-V: CT OTCQX: CTIIF
  • 23. Major Targets and Planned Drilling Areasat Hope Brook Vertical Longitudinal Section 23TSX-V: CT OTCQX: CTIIF
  • 24. TSX-V: CT OTCQX: CTIIF

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