TerraX Corporate Presentation Oct 2013
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TerraX Corporate Presentation Oct 2013

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TerraX Corporate Presentation Oct 2013 TerraX Corporate Presentation Oct 2013 Presentation Transcript

  • TXR TSX-V TX0 Frankfurt NORTHBELT PROPERTY Leveraging Historic Exploration in Prolific and Accessible Yellowknife Gold Belt October 2013
  • Forward Looking Information 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
  • Company Overview Sept 30, 2013 Issued Shares 500,000 @ 650,000 @ 2,050,000 @ 360,000 @ 100,000 @ $0.10 (Apr. 30, 2014) $0.10 (Aug. 2, 2014) $0.17 (Jun. 28, 2018) $0.28 (Aug. 29, 2018) $0.61 (Sept 30, 2016) Options: 37.4 mln 3.7 mln 1,855,000 @ $0.10 (Jan. 21,2015) 3,502,243 @ $0.30 (May. 8, 2016) 62,500 @ $0.30 (May. 30,2016) Warrants: Fully Diluted Shares Basic Market Cap ($0.60/share) Held by Management: 9.6% Working Capital $0.8 million 46.5 mln ~ $23 mln 15.8% Held by Virginia Mines Inc: 5.4 mln $0.045 Dec 31, 2012 – $0.60 Oct 2013 TXR TSX-V TX0 Frankfurt 3
  • Accomplished Management Joseph Campbell, P. Geo – President • 33 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 • 33 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 4
  • NORTHBELT PROPERTY Acquired Northbelt Property Feb 2013 • Property on north boundary of Yellowknife, a City Founded on Gold Mining • 100% Owned Mine Leases – Holding Cost $17,000/year • No work commitments • Virginia Mines holds option to purchase a 2% NSR for $2 million. City of Yellowknife 5
  • Infrastructure - Ideally Situated NORTHBELT PROPERTY City of Yellowknife 6
  • Northbelt Property – The Right Geology • Northern Extension of the Geology Containing the Con (5.5M oz) and Giant (7.8M oz) Mines @ 11 g/t Au • Area: 36.5 Sq km • 13 km Strike Length on Main Yellowknife Gold Break • Historical reports show at least 463 holes drilled on Northbelt property CRESTAURUM • Innumerable Au Targets Including historic Crestaurum Deposit C-ZONE LYNX GBK SUPERCREST 7
  • Excellent and Accessible Infrastructure Bluefish Hydro Dam BLUEFISH HYDRO DAM Opened July 30th, 2013 Current Capacity 7.5Mw - Expandable POWER LINE CRESTAURUM Accessible with Infrastructure •Year Round Road Access from City of Yellowknife •8 km from Yellowknife Airport •2 km from new Blue Fish HydroElectric Dam CRESTAURUM ROAD Airport GIANT MINE 8
  • Core From 200+ Drill Holes August 2013 TerraX’s New Core Facility Core from more than 200 drill holes previously stored in the core yard at the Giant Mine site 9
  • Finding Old Drilling Collars +250 drill hole collars found, 155 surveyed this June 10
  • NORTHBELT PROPERTY 463 known Historic Drill Holes on property including: • 190 Crestaurum • 20 Barney Shear (NEBEX 1995-96) • 80 Homer Lake VMS Target 250+ Drill Collars Found including: • 123 Crestaurum • 29 Barney Shear, 20 Shear and 19 Shear • 39 Homer Lake VMS Target 200+ Core Intersections Found including: • 74 Crestaurum (1985 – Giant) • 86 NEBEX (1993-96) including Barney, 20 Shear, 19 Shear & Crestaurum Strike Extension • 30 Homer Lake VMS Target (1970’s – Giant) 11
  • Numerous Prospective Targets and Showings Selected Historical Drill Hole Intersections 12
  • Summer 2013 Work Program Exploration Campaign – Completed in 12 Weeks of Field Work •Located High Grade Au on New and Historically Reported Zones •Located High Grade Precious Metal Rich Massive Sulphides At Homer Lake VMS •Completed Helicopter Borne Geophysics - Defined New Exploration Targets • • • Multi-kilometer magnetic signatures aligned with Au mineralization Multi-kilometer radiometric signatures aligned with Au mineralization A large untested EM anomaly proximal to historic surface trenches and drill hole intersections of high grade precious metal rich base metals (Pb, Zn, Cu) •Work on 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-logging and re-sampling of historical drill core Preparation for winter drill program on schedule, including initial community engagement meetings and permitting 13
  • Airborne Survey July 2013 MAGNETICS EM POTASSIC RADIOMETRICS Homer Lake VMS Target Low level Helicopter Borne System •520 line KM •East-West lines 100m spacing •Two North-South tie lines 3km spacing •Completed for 1/3 cost of other Northern Surveys because of proximity to Yellowknife Airport Pinto Shear Low level Helicopter Borne System 100-200’ high (30-60 m) Crestaurum Barney 14
  • Prospecting June 2013 Completed 293 Sample Program 165 chip samples from 80 separate locations 128 grab samples. • 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 one grab sample from Homer Lake 15
  • 2013 Prospecting Results Trench Chip Sample 5.00m @ 1.54 g/t Au, 95.5 g/t Ag 3.13% Pb, 1.59% Zn Trench Chip Sample 1.40m @ 16.85 g/t Trench Chip Sample 3.00m @ 15.24 g/t Trench Chip Sample 5.00m @ 1.31 g/t Au, 38.4 g/t Ag 2.74% Pb, 2.42% Zn Grab Sample 0.60 g/t Au, 529 g/t Ag +20% Pb, 9.44% Zn Grab Sample 49.30 g/t Au, 55.2 g/t Ag 4.37% Pb, 2.01% Zn Trench Chip Sample 2.00m @7.15 g/t Grab Sample 12.85 g/t 16
  • CRESTAURUM DEPOSIT CIRCA 1948 Today 17
  • Crestaurum Deposit – Re-sampled Core Results Assay Intervals from Crestaurum Deposit Drill Hole DDH85-118 DDH85-121 DDH85-134 DDH85-157 DDH85-166 DDH85-167 DDH85-175 North Shoot FROM (m) TO (m) Width (m) 91.13 98.00 6.87 98.00 100.00 2.00 99.00 102.00 3.00 146.00 148.00 2.00 126.00 132.00 6.00 96.00 101.00 5.00 143.00 145.00 2.00 Au g/t 13.07 5.92 13.45 67.69 11.96 5.47 10.46 Drill Hole DDH85-150 DDH85-151 North-Ext Shoot FROM (m) TO (m) Width (m) 53.00 48.00 5.00 86.00 88.00 2.00 Au g/t 62.90 6.55 Drill Hole DDH85-177 DDH85-181 DDH85-187 Central Shoot FROM (m) TO (m) Width (m) 57.00 59.00 2.00 67.00 70.00 3.00 81.00 86.00 5.00 Au g/t 10.04 12.79 20.66 Drill Hole DDH85-173 DDH85-174 South Shoot FROM (m) TO (m) Width (m) 54.00 59.00 5.00 61.00 66.00 5.00 Au g/t 12.43 8.03 18
  • Crestaurum Zone - Vein 1 187 DDH Slide 20 85-187 85-118 85-150 Slide 21 North Ext Ore Shoot 85-174 0m South Ore Shoot Central Ore Shoot LONGITUDAL SECTION 100m 200m 400m North Ore Shoot DDH85-150 North Ext Ore Shoot DDH85-118 North Ore Shoot • 123 Crestaurum drill collars located and surveyed to cm accuracy – June-July 2013 • Core from 74 Crestaurum drill holes found, re-logged, re-sampled Central Ore Shoot 85-187 PLAN MAP 0m 100m 200m 400m South Ore Shoot 85-174 19
  • Crestaurum Deposit – South Shoot Trench Chip Sample – June 2013 3.00m @ 15.24 g/t CRESTAURUM TRENCH SAMPLING CRESTAURUM TRENCH SAMPLING DDH85-174 – September 2013 5.00m @ 12.43 g/t 20
  • Crestaurum Deposit – North Extension Shoot DDH85-150 – September 2013 5.00m @ 62.90 g/t DDH85-148 – September 2013 5.00m @ 4.43 g/t DDH85-151 – September 2013 3.00m @ 4.59 g/t 21
  • Crestaurum Historical Metallurgy 1985 Program: 44 samples of drill core rejects from 7 drill holes – we have re-sampled all 7 holes and verified the grades Composite A •Drill grade of 0.357 oz/ton (cut to 1 oz/t as per resource estimate) •Drill grade un-cut 0.627 oz/ton •Calculated metallurgical head grade 0.72 oz/ton Composite B •Drill grade of 0.297 oz/ton (cut to 1 oz/t as per resource estimate) •Drill grade un-cut 0.397 oz/ton •Calculated metallurgical head grade 0.454 oz/ton Findings (Quoted from Report*) Using Direct Cyanide (Free Milling Method) “Both composites were determined to be free milling and best suited for a straight cyanidation process…expected to yield recoveries in the order of 95%.” Using Refractory Recovery Method (Roasting) – The process used at Giant Mine “Very low recoveries of about 44-62% were obtained…an alternative method of processing would be necessary.” *Source: F.A. Perrino, Summary Report of Exploration Activities, Yellowknife Belt, Including Northbelt Yellowknife Mines Ltd., 1985 too 1988, September 1988 22
  • BARNEY SHEAR TARGET Prospective New Exploration Target • Delineated over strike length of 4.5 km (historic) • Drill tested to over 600m strike length (historic) • Followed on surface over an additional 700m north of drilling • Surface Mapping in June 2013 Indicates Barney Shear Zone Consists of Multiple Mineralized Shears over +200m across strike width 23
  • Milner Lake/ Barney Shear Area 24
  • Barney Shear Zone NB95-16 Assay Results From (m) To (m) Interval (m) 334.06 362.38 28.32 2.94 13.11 including 337.00 357.86 20.86 3.79 17.13 including 337.00 348.00 11.00 6.11 28.23 including 337.00 341.00 4.00 12.59 64.63 Total Zone* Au (g/t) Ag (g/t) *Mineralized Zone is missing 0.94m of “display core” taken in 1995 of selected parts of highest grade sections – therefore true grade of zone is likely understated 25
  • HOMER LAKE BASE METAL Key points of target •Newly Discovered Large Untested EM Anomaly •Coincident Magnetic Anomaly •High Grade Surface Showings •High Grade Historical Drill Holes Proximal to EM Anomaly •High Precious Metal Values – >200 g/t Silver, Multi-gram Gold 26
  • Homer Lake Base Metal 27
  • Moving Forward • Data Compilation and 3D Modeling continues • Community Liaison, Permitting ongoing – over 50 meetings with Government, First Nations and other Stakeholders – Strong Support for Project • Airborne Magnetic/EM/Radiometric Survey Interpretation Continues • Fall Field Work – Completed September 2013 – Awaiting Assays • Re-logging Drill Core Ongoing – Over 20,000 Meters of Drill Cores Available • Initial Drilling – Winter 2013/14 on Top Priority Targets 28
  • Summary • Strong & Experienced Management Team • Tight share structure with low fixed burn rate • Highly prospective property on trend with two world class (5 Moz +) historic gold deposits • numerous high-grade showings and drill intercepts • Readily accessible, close to infrastructure within a mining city • Extensive exploration work completed • Drilling planned for winter 2013/14 • Ongoing news flow with minimal expenditures 29
  • 1 (604) 689-1749 (Vancouver) 1 (613) 843-8109 (Ottawa) E-Mail: info@terraxminerals.com www.terraxminerals.com TXR :TSX-V TX0 :Frankfurt 30