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Txr northbelt-2014 Presentation Transcript

  • 1. TXR TSX-V TX0 Frankfurt YELLOWKNIFE CITY GOLD PROJECT NORTHBELT PROPERTY and Walsh Lake, Goodwin Claims Leveraging Historic Exploration in Prolific and Accessible Yellowknife Gold Belt April 2014
  • 2. 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
  • 3. Company OverviewMay 02, 2014 Issued Shares: 43.7 mln Options: Total : 4.5 mln 650,000 @ 2,050,000 @ 360,000 @ 100,000 @ 295,000 @ 1,050,000@ $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) Warrants: Total: 7.8 mln 1,755,000 @ 3,221,243 @ 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: 56.0 mln Basic Market Cap (CDN$0.63/share) $27.5 mln 3 Held by Management: 17.1% Held by Virginia Mines Inc: 9.8% Working Capital $2.1 million TXR TSX-V TX0 Frankfurt $0.045 December 31, 2012 – $0.63 May 02, 2014
  • 4. 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. 5 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 City of Yellowknife NORTHBELT PROPERTY
  • 6. 6 NORTHBELT PROPERTY NORTHBELT PROPERTY City of Yellowknife City of Yellowknife Covering the Best Part of Yellowknife Au Belt
  • 7. Regional Geology Stratigraphic Column 7 5.5M oz Au5.5M oz Au 7.8M oz Au7.8M oz Au
  • 8. 8 TerraXTerraX PropertiesProperties Overlaid onOverlaid on ProspectiveProspective GeologyGeology NORTHBELT PROPERTY NORTHBELT PROPERTY GOODWIN CLAIMS GOODWIN CLAIMS WALSH LAKE PROPERTY WALSH LAKE PROPERTY Property Acquisitions: •Northbelt – February 2013 •Goodwin – June 2013 •Walt Humphries Property (Walsh Lake) – October 2013 •Additional Staking Winter 2013/14 •Ubreccia Claims March 2014 8 UBRECCIA CLAIMS UBRECCIA CLAIMS RYAN LAKE CLAIMS RYAN LAKE CLAIMS
  • 9. CRESTAURUM 9 BLUEFISH HYDRO DAM Opened July 30th, 2013 Current Capacity 7.5Mw - Expandable GIANT MINE Accessible with Infrastructure •Year Round Road Access from City of Yellowknife •8 km from Yellowknife Airport •2 km from new Blue Fish Hydro- Electric Dam Excellent and Accessible Infrastructure CRESTAURUM ROAD POWER LINE Bluefish Hydro Dam Airport
  • 10. 10 Previous Work •Previous Work included >450 drill holes •TerraX has recovered more or less complete core from ~105 holes and mineralized intersections from an additional 74 holes
  • 11. 11 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 completed on schedule, including initial community engagement meetings and acquiring Drill Permit
  • 12. Northbelt Core Relocation 12 Core from approximately 180 drill holes previously stored at the Giant Mine site was moved to TerraX’s core facility
  • 13. Core Facility 13
  • 14. Finding Old Drilling Collars 14 +250 drill hole collars found, 155 surveyed this June
  • 15. 15 Airborne Survey July 2013 MAGNETICS POTASSIC RADIOMETRICS EM 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 Low level Helicopter Borne System 100-200’ high (30-60 m) Homer Lake VMS Target Crestaurum Barney
  • 16. Prospecting June-September 2013 16 Completed +700 Sample Program Assays up to 145 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
  • 17. 17 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 62.9062.90 g/tg/t AuAu over 5.00mover 5.00m 24.2624.26 g/tg/t AuAu over 4.00mover 4.00m 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 17 Drill Permits Awarded Winter Road Access Completed 3 Initial Drill Targets for 2014 • Homer Lake Zn, Pb, Cu, Ag, Au Large EM Anomaly • Barney Shear Extension of Giant/Con Shear System Wide Gold Intersections from 1995/96 DDHs • Crestaurum Deposit 200 Historical DDH High Grade Gold
  • 18. 18 CRESTAURUM DEPOSIT DRILL TARGET CIRCA 1948 Today
  • 19. 19 Crestaurum Deposit – Re-sampled Core Results Assay Intervals from 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
  • 20. 20 Crestaurum Zone - Vein 1 187 DDH South Ore Shoot Central Ore Shoot North Ore Shoot North Ext Ore Shoot Section 2 Section 1 • 123 Crestaurum drill collars located and surveyed to cm accuracy – June-July 2013 • Core from 74 Crestaurum drill holes found, re-logged, re-sampled • Plan to drill 1500m in 2014 85-174 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 Drill Holes
  • 21. 21 CRESTAURUM TRENCH SAMPLING Crestaurum Deposit – South Shoot Trench Chip Sample – June 2013 4.00m @ 24.26 g/t CRESTAURUM TRENCH SAMPLING DDH85-174 – September 2013 5.00m @ 12.43 g/t
  • 22. 22 Crestaurum Deposit – North Extension Shoot DDH85-151 – September 2013 3.00m @ 4.59 g/t DDH85-148 – September 2013 5.00m @ 4.43 g/t DDH85-150 – September 2013 5.00m @ 62.90 g/t
  • 23. 23 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
  • 24. BARNEY LAKE SHEAR CORRIDOR DRILL TARGET 24 • 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 Prospective New Exploration Target
  • 25. 25 Barney Shear Corridor Land hole collars surveyed, cased, capped Core retrieved from all holes Plan to go down previous holes and wedge off 3D modelling proceeding 3500m Drilling Planned in 2014 Porphyry Zone Volcanic Zone Area of Winter Drill holes Area of Wedge holes In June 2014
  • 26. HOMER LAKE BASE METAL DRILL TARGET 26 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
  • 27. Homer Lake Base Metal 27
  • 28. Homer Lake Target – 2014 Drilling (1000m) 28 One or two maps from Roman showing geophysics of targetting. One map from me showing proposed holes Completed Drill Holes March- April 2014 TBN14-001 TBN14-002 TBN14-004 TBN14-003
  • 29. 29 • 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 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) • Areas not yet explored by TerraX, including known mineralized structures Other Targets to be Drilled in Future
  • 30. 30 2013 Prospecting Results Significant Findings •Prospecting confirmed and refined the location of historical structures •Extensive Strike Extent of Mineralized Structures •Both Northbelt and Walsh Lake Properties have outcropping high grade structures •Homer Lake base metal play has multiple mineralized structures having extensive strike lengths •Large areas of both properties yet to be explored (2014 program)
  • 31. 31 Walsh Lake Property Historical Drill Results
  • 32. 32 Walsh Lake Property Wide zones of sheared, gossanous material with interbedded pyrite layers
  • 33. 33 • DRILL PERMIT received March 10th –– 5-7 years, entire YCGP area • DRILL CONTRACT awarded to North Tech Drilling, Yellowknife • Initial Drilling – Start March 24th on Top Priority Targets – 6000m o Winter program completed April 25th – 2300m drilled o Re-start drilling in mid June following spring break Up – scheduled 3500m to drill o Homer Lake – Base Metal Target o Barney Shear Corridor o Crestaurum o Environmental Studies commenced in drill target areas, water, soil analyses • Lidar Survey (accurate topographic) scheduled for June on all properties • Additional Airborne Surveys on new land acquisitions • Re-logging Historical Drill Core Ongoing – Over 20,000 Meters of Core • Field Work of mapping, prospecting and environmental baseline studies to commence in spring 2014 • Data Compilation and 3D Modeling continues Moving Forward - 2014 TARGET for 43-101 MINERAL RESOURCES – END 2014
  • 34. 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 • DRILL CONTRACT AWARDED • DRILL START-UP – MARCH 24th 34
  • 35. 35 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