TerraX - Corporate Presentation July 2014
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TerraX - Corporate Presentation July 2014

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Corporate Presentation July 2014

Corporate Presentation July 2014

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TerraX - Corporate Presentation July 2014 TerraX - Corporate Presentation July 2014 Presentation Transcript

  • TXR TSX-V TX0 Frankfurt YELLOWKNIFE CITY GOLD PROJECT Leveraging Historic Exploration in One of Canada’s Great Gold Belts July 2014
  • This presentation may contain “forward-looking statements” which reflect the Company’s current expectations regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content and results of work programs, geological interpretations and potential mineral discoveries, and negotiation and closing of future financings. The statements reflect the current beliefs of the management of the Company and are based on currently available information. Accordingly, these statements are subject to known and unknown risks, uncertainties and other factors which could cause the actual results, performance, or achievements of the Company to differ materially from those expressed in, or implied by, these statements. In addition, investors are cautioned that this presentation may contain information about mineral properties adjacent to or near the Company’s properties and in which the Company has no right or interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral deposits, if any, which may be found on the Company’s properties. All scientific or technical information contained on this presentation has been reviewed and approved by Dr. Tom Setterfield, P.Geo., the VP Exploration of TerraX Minerals Inc., who is a "qualified person" as defined in National Instrument 43-101 of the Canadian Securities Administrators. 2 Forward Looking Information
  • Company OverviewJuly 28, 2014 Issued Shares: 44.3 mln Options: Total : 4.5 mln 100,000 @ 2,050,000 @ 360,000 @ 100,000 @ 295,000 @ 1,050,000 @ 500,000 @ $0.10 (Aug. 2, 2014) $0.17 (Jun. 28, 2018) $0.28 (Aug. 29, 2018) $0.61 (Sept 30, 2016) $0.45 (Dec 23, 2016) $0.75 (Mar 14, 2019) $0.61 (May 5, 2019) Warrants: Total: 7.8 mln 1,755,000 @ 3,196,343 @ 62,500 @ 1,188,180 @ 105,556 @ 820,000@ 650,000@ $0.10 (Jan. 21,2015) $0.30 (May. 8, 2016) $0.30 (May. 30,2016) $0.50 (Dec 20, 2015) $0.50 (Dec 27, 2015) $0.51 (Feb 12, 2016) $0.57 (Feb 28, 2016) Fully Diluted Shares: 56.6 mln Basic Market Cap (C$0.45/share) $19.9 mln 3 Held by Management: 18.0% Held by Virginia Mines Inc: 9.7% Working Capital $1.36 million TXR TSX-V TRXXF OTC Pink TX0 Frankfurt $0.045 December 31, 2012 – $0.45 July 28, 2014
  • Joseph Campbell, P. Geo – President and Director • 34 years of experience: exploration and mining on a variety of deposit types • Project Manager for 7 years on Meliadine (now Agnico Eagle) a 5 Moz gold resource in Nunavut. Taken to pre-feasibility level incl: mineable reserve, production rates & schedules, Cap Ex/Op Ex for process, mining and G&A. • Evaluated Au potential along a known Au trend in Ontario. Managed subsequent drilling, authored a NI 43-101 ore resource report on a growing 2,000,000 oz Au deposit • Study Manager for a resource estimate on El Abra porphyry Cu deposit in Chile • Chief Geologist for 250 Mt tonne Nickel laterite deposit in Cuba (Pinares) Dr. Thomas Setterfield, P. Geo – VP Exploration and Director • 34 years of international experience in exploration and mining including: • Ph.D from Cambridge University – Cambridge, England (1991) • Expert in IOCG, Epithermal Au and VMS deposit types • Consultant to QGX Ltd. for Golden Hills VMS deposit in Mongolia • VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium Accomplished Management 4
  • 5 Yellowknife - One of Six High Grade Gold Camps in Canada More Than 300M* Oz Gold have been mined from Archean Gold deposits in Canada, with the vast majority from High Grade Gold Camps Yellowknife is the most northerly and least explored of these camps * Gold Ounces in Camps include known historical production, reserves and drill indicated resources from public records. Totals should be considered approximate with an error range sufficient for comparison purposes. Other large Archean gold areas include Detour/Sunday Lake; Rice Lake; Chibougamau; Meliadine; and Meadowbank
  • 6 Con Mine 1938 to 2003 6.1 million oz @ 16.1 g/t Au Giant Mine 1945 to 2004 8.1 million oz @ 16.0 g/t Au Yellowknife City Gold Project Yellowknife City Gold Project City of Yellowknife City of Yellowknife TerraX has 100% Ownership of the Northern Extension of the Yellowknife Gold Belt, host to the Con and Giant Gold Mines YCGP contains Over 15 km of Strike Length on Main Yellowknife Gold Break
  • Regional Geology Stratigraphic Column 7 6.1 Moz Au6.1 Moz Au 8.1 Moz Au8.1 Moz Au
  • 8 Yellowknife City Gold Project A GROWING PROPERTY PORTFOLIO CONTROLLING THE YELLOWKNIFE GOLD BELT NORTHBELT PROPERTY NORTHBELT PROPERTY GOODWIN CLAIMS GOODWIN CLAIMS WALSH LAKE PROPERTY WALSH LAKE PROPERTY Northbelt – Feb 2013 3,562 hectares (100% Ownership Mining Leases - Bankruptcy sale) Goodwin – Jun 2013 251 hectares (Purchase 100%) Walsh Lake – Oct 2013 2,695 hectares (Option for 100%) Staking Winter 2013-14 1,447 hectares (100% Ownership) U-Breccia – Mar 2014 1,394 hectares (Purchase 100%) Total – 93.5 km2 (36.1 sq. miles) 8 UBRECCIA CLAIMS UBRECCIA CLAIMS RYAN LAKE CLAIMS RYAN LAKE CLAIMS
  • CRESTAURUM 9 GIANT MINE • Year Round Access from Yellowknife • 8 km by road to Yellowknife Airport -site of TerraX core facility • Blue Fish Hydro Dam 7.5 Mw on Property • Skilled available workforce • Local service providers Unmatched Accessibility - Excellent Infrastructure CRESTAURUM ROAD POWER LINE Bluefish Hydro Dam Airport •Population - 20,000 •Founded on 2 Gold Mines •Transportation hub for NWT •Highway Access to the Rest of Canada •Daily jet service to major cities City of Yellowknife:
  • 10 Historical Work Over 450 drill holes completed 1945-1990’s with high grade Au intersections on multiple shears TerraX compiled logs and assays for 400+ holes +250 drill hole collars found Homer Lake VMS Target Crestaurum Barney
  • Northbelt Core Recovery and Relocation 11 Summer 2013 Recovered Historical Core from ~105 holes and mineralized intersections from an additional 74 holes Fall 2013 to Winter 2014 Re-logged and Re-sampled Historical Core – Numerous High Grade Gold Results New core storage - TerraX Core Facility Previous core storage - Giant Mine Core Yard
  • 12 2013/14 Work Completed Field Exploration Campaign – Completed in 20 Weeks of Field Work 2013/14 •Located High Grade Au on New (up to 547 g/t Au) and Historically Reported Zones (4.0m @ 24.26 g/t Au) •Located High Grade Precious Metal Rich Massive Sulphides (up to 529 g/t Ag, >20% Pb and 9.44%) At Homer Lake VMS •Completed Helicopter Borne Geophysics July 2013 - Defined New Exploration Targets •Re-logged and Re-sampled Recovered Historical Drilling •Discovered 200 drill hole cores stored at the Giant Mine Site •Located drill collars for more than 250 historical drill holes – surveyed 155 holes •Constructed new logging facility at Yellowknife Airport •Began re-log and re-sample of historical drill core (5.00m @ 62.90 & 20.86m @ 3.79 g/t Au) •Drilled 4500m in Winter/Summer 2014 •Homer Lake Base Metal (3.42m @ 3.41 g/t Au, 69.3 g/t Ag, 2.67% Pb, 3.17% Zn) •Crestaurum (10.02m @ 4.17 g/t Au, including 2.89m @ 10.88 g/t Au) •Barney Shear (4.00m @ 3.65 g/t Au & 2.65m @ 0.28 g/t Au, 86.7 g/t Ag, 7.73% Pb) •2014 - Start Environmental Baseline Studies to be ready for Future Project Development
  • 13 Crestaurum Deposit – Re-sampled Core Results TerraX Assay Intervals from 1985 Drilling on Crestaurum Deposit North Shoot Drill Hole FROM (m) TO (m) Width (m) Au g/t DDH85-118 91.13 98.00 6.87 13.07 DDH85-121 98.00 100.00 2.00 5.92 DDH85-134 99.00 102.00 3.00 13.45 DDH85-157 146.00 148.00 2.00 67.69 DDH85-166 126.00 132.00 6.00 11.96 DDH85-167 96.00 101.00 5.00 5.47 DDH85-175 143.00 145.00 2.00 10.46 North-Ext Shoot Drill Hole FROM (m) TO (m) Width (m) Au g/t DDH85-150 53.00 48.00 5.00 62.90 DDH85-151 86.00 88.00 2.00 6.55 Central Shoot Drill Hole FROM (m) TO (m) Width (m) Au g/t DDH85-177 57.00 59.00 2.00 10.04 DDH85-181 67.00 70.00 3.00 12.79 DDH85-187 81.00 86.00 5.00 20.66 South Shoot Drill Hole FROM (m) TO (m) Width (m) Au g/t DDH85-173 54.00 59.00 5.00 12.43 DDH85-174 61.00 66.00 5.00 8.03
  • 2014 DRILL TARGETS 2.932.93 g/tg/t Au over 28.32mAu over 28.32m 49.349.3 g/tg/t AuAu 0.85% Mo0.85% Mo PorphyryPorphyry 12.8512.85 g/tg/t AuAu 2.972.97 g/tg/t AuAu over 21.12mover 21.12m 24.2624.26 g/tg/t AuAu over 4.00mover 4.00m && 62.9062.90 g/tg/t AuAu over 5.00mover 5.00m 1.541.54 g/tg/t Au, 95.5Au, 95.5 g/tg/t AgAg 3.13%3.13% PbPb, 1.59% Zn, 1.59% Zn over 5.00mover 5.00m 16.8516.85 g/tg/t AuAu over 1.40mover 1.40m 14 Drill Permits for 5-7 years on entire YCGP area Phase 1 : Winter drilling (2,305m) completed April 2014 Phase 2: Summer drilling (2,200m) completed July 2014 - results pending 3 Initial Drill Targets for 2014 • Homer Lake (1000m drilled) - VMS Zn, Pb, Ag, Au, Cu • Barney Shear (2000m drilled) - Target is >4.5km Extension of Giant/Con Shear System - Wide Au Zones Intersected in 1995/96 DDHs • Crestaurum Deposit (1500m) - Historical High Grade DDHs
  • 15 Barney Shear Corridor – 1995 Discovery Zone Land holes 1995-96 collars surveyed, cased, capped Core retrieved from all 1995-96 DDH Winter 2014 Extension of Zone 250m North Summer 2014 Wedges from 1995-96 DDH and Infill DDH Total 2000m Drilling in 2014 Porphyry Zone Volcanic Zone Area of Winter 2014 Drill holes Area of Wedge holes In Summer 2014 4.00 m @ 12.59 g/t Au, 65 g/t Ag
  • 16 Crestaurum Zone – 2014 Drill Program South Ore Shoot Central Ore Shoot North Ore Shoot North Ext Ore Shoot • Program to twin 1945-47 drilling and in-fill drilling • 3 Drill Holes Winter 2014m incl. 10.02m @ 4.17 g/t • 9 Drill Holes Summer 2014 – results pending • Good Correlation with Previous Results will allow Historical Holes to be used in Future Resource Estimates South Ore Shoot North Ore Shoot North Ext Ore Shoot 0m 100m 200m 400m PLAN MAP DDH85-150 Central Ore Shoot 100m 200m 400m0m BLOCK MODEL GRADES Areas of Winter 2014 Drill Holes Areas of Summer 2014 Drill Holes
  • Homer Lake X-Section TNB14-003 & 004 with Surface sampling from Summer 2013 17 7.00m @ 0.50 g/t Au, 90.3 g/t Ag, 4.25% Pb, 0.89% Zn Significant Findings • Multiple felsic volcanic horizons hosting VMS style mineralization • Pervasively mineralized with Pb, Zn, Ag, Au - bulk tonnage potential • High precious metal silver - multi-ounce in high grade lenses • Target horizons traced for several hundred meters on surface
  • Prospecting Summers of 2013 & 2014 18 Completed +1500 Sample Programs Assays up to 547 g/t Au in grab sample Chips up to 24.26 g/t Au over 4.0m Walsh Lake 7.29 g/t Au over 6.0m Assay values of 49.30 g/t Au and 55.2 g/t Ag in one grab sample at Pinto 529 g/t Ag, >20% Pb and 9.44% Zn in grab sample from Homer Lake
  • Summer Prospecting 2013 & 2014 – Visible Au 19
  • 20 • Pinto Shear Zone – 49 g/t Au in grab • AES Shear Zone – 13 g/t Au in grab • Shear 20 Zone – 21.0m @ 2.97 g/t Au in DDH NB94-01a • Crestaurum Southwest – 4.0m @ 24.26 g/t Au in trench chip sampling • Jed Vein/Shear 19 – 1.60m @ 16.85 g/t Au • Ryan Lake gold-molybdenum-copper-silver porphyry style mineralization – up to 0.85% Mo, 4.0m @ 7.73 g/t Au in DDH NB96-24 • Walsh Lake Targets o Sam Otto Zone - 15.85m @ 2.9 g/t Au in DDH W89-1 o Sam North Zone – 3.65m @ 6.11 g/t Au in DDH W95-12 o Dave’s Pond – 4.75m @ 5.61 g/t Au in DDH W95-29 o Mispickel Zone – 6.0m @ 7.29 g/t Au - TerraX 2013 chip sampling o Samex Zone – 4.0m @ 6.20 g/t Au – TerraX 2013 chip sampling • Southern Northbelt – Extension of Lynx, GBK, C-Zone mines (Giant) Developing Targets to be Drilled in Future
  • 21 • DRILL PERMIT received March 10 – 5-7 years, entire YCGP area • Initial Drilling – Started March 24 , completed July 29 on Top Priority Targets – 4500m o Winter road access program completed April 23rd – 2300m drilled o Re-started drilling in mid June following spring break up – 2200m drilled o Homer Lake – Base Metal Target – results from Winter drilling indicates large VMS system o Barney Shear Corridor o Crestaurum • Environmental Baseline Studies commenced, water, soil analyses, archaeology, bathymetry – preparing for future project development • Lidar Survey (accurate cm scale topography) flown July on all properties • Re-logging Historical Drill Core Ongoing – Over 20,000 Meters of Core • Field Work of mapping, prospecting ongoing Summer 2014, multiple new targets discovered • Data Compilation and 3D Modeling continues o Accurate down-hole directional surveys completed on historical drilling o Down-hole Televiewer and geophysics completed on historical drilling and 2014 Barney DDH o Initiated acQuire ‘cloud’ database for instantaneous data collection and 3-D viewing of DDH Moving Forward - 2014 TARGET for 43-101 MINERAL RESOURCES
  • Summary • Strong & Experienced Management Team o EXCELLENT RECORD OF DELIVERING ON PROMISES • Tight share structure with low fixed burn rate • Highly prospective property on trend with two world class (5moz+) historic gold mines • Numerous high-grade showings and drill intercepts • Readily accessible property, close to infrastructure within a mining city • Well funded for planned Work • DRILL PERMITS in place for 5-7 Years • WINTER DRILLING COMPLETED APRIL 22nd • DRILLING SUMMER START-UP – JUNE 23rd 22
  • 23 1 (604) 689-1749 (Vancouver) 1 (613) 843-8109 (Ottawa) E-Mail: info@terraxminerals.com www.terraxminerals.com TXR :TSX-V TX0 :Frankfurt WINTER ROAD TO CRESTAURUM DRILL SITE AT HOMER LAKE