Dna inves pre_august_10_2011_final

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Dna inves pre_august_10_2011_final

  1. 1. A Golden Opportunity In Northern Ireland Curraghinalt Deposit Investor Presentation September 2011 Patrick F. N. Anderson Chairman and Chief Executive Officer
  2. 2. Forward-Looking Information and Qualified Person Certain statements in this presentation, other than statements of historical facts relating to the company, constitute “forward‑looking information within the meaning of applicable securities laws. Such forward-looking information may include, but is not limited to, statements with respect to the future financial or operating performance of the company, its subsidiary and its mineral project, the future price of metals, the estimation of mineral resources, the realization of mineral resource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Often, but not always, forward‑looking statements can be identified by the use of words such as “plans, “expects, “is expected, “budget, “scheduled, “estimates, “forecasts, “intends,“anticipates, or “believes or variations (including negative 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 are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions suchas continued political stability in Northern Ireland, that permits required for the company s operations will be obtained in a timely basis in order to permit the company toproceed on schedule with its planned drilling programs, that skilled personnel and contractors will be available as the company s operations continue to grow, that theprice of gold will remain at levels that render the project economic, and that the company will be able to continue raising the necessary capital to finance its operations andrealize on mineral resource estimates and current mine plans.Forward‑looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of thecompany and/or its subsidiary to be materially different from any future results, performance or achievements expressed or implied by the forward‑looking statements.Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities;conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals, including gold; possible variations of oregrade or recovery rates; failure to convert estimated mineral resources into mineral reserves; failure of plant, equipment or processes to operate as anticipated; actualresults of reclamation activities; accidents, labour disputes; political instability and risks arising from operating in Northern Ireland; delays in obtaining governmentalapprovals or financing or in the completion of development or construction activities; uncertainties relating to the availability of future financing; inflation; fluctuations inexchange rates; uninsured risks and other risks of the mining industry. Although the company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described inforward‑looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward‑lookingstatements contained herein are made as of the date hereof and the company disclaims any obligation to update any forward‑looking statements, whether as a result ofnew information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward‑looking statements will prove tobe accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance onforward‑looking statements.The technical data in this presentation was taken from the technical report entitled “A Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of aProposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland dated May 10, 2010, prepared by B. Terrence Hennessey,P.Geo., and Dibya Kanti Mukhopadhyay, M.Sc., MAusIMM, of Micon International Limited (the Technical Report ).Eur Geol Garth Earls, Managing Director, Dalradian Gold Limited, is the Qualified Person who supervised the preparation of the technical data in this presentation.2
  3. 3. Why Invest?•  High-grade 1.5MM ounce gold resource (all categories) •  Inferred: 1.16 million – 14.64 g/t Au •  Indicated: 400,000 – 13.24 g/t Au•  6 drills turning •  Focus on resource expansion and confirmation •  Resource update planned for Q4 2011•  84,000 ha property •  19 regional targets identified •  Exploration drilling underway•  Low political risk •  Northern Ireland open for business and resource friendly •  Experienced management and board •  Track record of discovery and development •  Well funded •  Approximately $25 million in cash as at August 10, 2011 •  Management owns > 8%3
  4. 4. Capital Structure•  TSX: DNA•  Shares outstanding – 69.8 million - Fully diluted – 76.3 million - Market cap - $134.8 million - Average volume (10 day) – 283,511•  Analyst coverage –  GMP: Andrew Mikitchook –  Clarus: Laurie Curtis As at September 21, 2011 4
  5. 5. Board & Management: 
 A Track Record of Discovery and DevelopmentColin K. Benner
 Patrick F. N. AndersonChairman of Capstone Mining Corp.,
 Chairman and Chief Executive Officer
Creston Moly Corp., and Corsa Capital Ltd.
 Former CEO of Aurelian Resources Inc. Also Director of Colossus Minerals Inc., Joseph F. Conway
 Malbex Resources Inc. and Continental Gold 
CEO of Primero Mining Corp. Limited
Former CEO of IAMGOLD Corporation
 Keith D. McKayRonald P. Gagel
 Chief Financial Officer
Former SVP and CFO of FNX Mining Company Inc. 
 Former CFO of Aurelian Resources Inc.Also Director of Adriana Resources Inc. and And Director of Noront Resources Ltd.
Stonegate Agricom Ltd.
 John McCombeThomas J. Obradovich Chief Operating OfficerFormer CEO of Young-Davidson Mines Ltd.
 Director of Revett MineralsFormer Director of Aurelian Resources Inc. Former SVP, Operating Strategy of IAMGOLD
Chairman of Lago Dourado Minerals Ltd. 
 Carson NoelSean E. O. Roosen
 Executive Vice PresidentCEO of Osisko Mining Corporation Former General Manager, Aurelian Ecuador, S.A. Also Director of Rio Novo Gold Inc. and Bowmore Exploration Ltd.
 Garth Earls Managing Director, Dalradian Gold Limited
Ari B. Sussman
 Former Director, Geological Survey 
Chairman and CEO of Colossus Minerals Inc. 
 of Northern IrelandCEO of Continental Gold Limited 
 5
  6. 6. Exploring Northern Ireland•  Devolved government within the United Kingdom•  Currency: pound sterling•  Population: approximately 1.8 million•  The government of Northern Ireland recently invested approximately C$15 million in geological surveys to attract investment Tellus Project6
  7. 7. Northern Ireland: A Resource Rich Country Lonmin PLC is exploring for•  Excellent regional platinum and palladium infrastructure•  Our flagship asset is the Curraghinalt mesothermal high grade gold deposit•  Over 84,000 hectares under exploration•  Potential exists for further precious and base metals deposits Galantas Gold Corporation has been in

 production since late 2007 Conroy Diamonds & Gold

 exploring for gold along a
 50 km trend 7
  8. 8. Active Resource Industry in County Tyrone•  There are approximately 150 open cast operations in the region Cavanacaw Gold Mine Sand and gravel pit 100 metres Peat Harvesting Gortin Glen Logging8
  9. 9. Curraghinalt: 3D Schematic of Veins and Adit •  Work historically focused proximal to discovery outcrop9
  10. 10. Current Drilling Program: Resource Expansion•  September 6, 2011 – Drilling at Curraghinalt intersects 8.34 metres of 5.84 g/t gold and 3.2 metres grading 5.34 g/t gold. Additional parallel veins discovered to the South of the deposit.•  June 8, 2011 – Drilling at Curraghinalt intersects 2.06 metres of 111.6 g/t gold and 1.11 metres grading 26.84 g/t gold•  April 7, 2011 – Hole 11- CT-85 cut 2.54 metres of 20.61 g/t gold•  February 28, 2011 – Hole 10-CT-76 cut 2.74 metres of 15.27 g/t gold•  December 2, 2010 – Hole 10-CT-73 cut 1.83 metres of 37.41 g/t gold•  October 14, 2010 –Two new parallel veins Please see Appendix for cross-sections. discovered10
  11. 11. Veins open at depth •  Longer holes intercept as many as nine veins •  Proximity favourable for shared infrastructure 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 386,000mN 386,200mN 386,400mN 386,600mN A E A E -CT 83 -87 89 11 -CT- T- -C 11 11 200mMSL 200mMSL200mMSL 200mMSL 0mMSL0mMSL 0mMSL 0mMSL -200mMSL-200mMSL Dalradian Resources Curraghinalt Deposit Curraghinalt Deposit Figure 3: A - A E - E Date:07/06/2011 (Section 256930E) Legend Date:07/06/2011 (Section 257050E) Legend Author: Dalradian Author: Dalradian Office: Gortin Intercepts reported as: Planned drillhole Shear zone Office: Gortin Intercepts reported as: Planned drillhole Shear zone True width (m), Au grade (g/t) -200mMSL Drawing: SC True width (m), Au grade (g/t) Drillhole Drawing: SC Scale: 1:3000 Projection: Non-Earth (meters) Vein (projected) Drillhole Vein (projected) complete/active -200mMSL Scale: 1:4000 Projection: Non-Earth (meters) complete/active -400mMSL Reported drillhole Vein (intersected)-400mMSL 0 25 50 100 Reported drillhole Vein (intersected) metres 386,000mN 386,200mN 386,400mN 386,000mN 386,200mN 386,400mN 386,600mN 11
  12. 12. Cross Section Looking West12
  13. 13. Comparing Curraghinalt Drilling to Mesothermal ModelDemonstrates Potential for Expansion•  Potential exists to discover additional veins proximal to resource and new veins outside the principal zone•  System open along strike and down dip•  Additional After Colvine, A.C. et al, potential to 1989. north and south An empirical model for the formation of Archean gold deposits: Economic Geology Monograph (The Geology of Gold Deposits: The Perspective in 1988), p 37-53.13
  14. 14. Open along strike•  Glaciated terrain with minimal outcrop •  Drilling is primary exploration tool14
  15. 15. Regional ExplorationProgram15
  16. 16. Regional Exploration Plan•  April 2011 Regional Exploration Commenced •  April – May 2011 4 Seasoned Canadian Prospectors enlisted to traditionally prospect the property which was previously underexplored. This group had a tremendous track record for new surface discoveries. •  July 2011 Dedicated drill onsite for Regional Exploration•  July 2011 Prospecting Identified 19 New Gold and Base Metal Targets: -  12 targets in Dalradian metasediments -  7 targets in Tyrone Volcanic Group16
  17. 17. Regional Exploration •  On license DG1, 461 samples with grades up to 172.9 g/t Au
 •  On license DG2, 691 samples with grades up to 112.2 g/t Au and some float samples with VMS style mineralization including one grading 8.8% Zn, 1.2% Pb, 1.7 g/t Au and 8.5 g/t Ag
 •  On license DG3, 350 samples with grades up to 209.92 g/t Au
 •  On license DG4, 261 samples with grades up to 187 g/t Au17
  18. 18. 19 Target Areas – 3 Exploration Trends   Glenlark Trend Curraghinalt Trend18
  19. 19. 19
  20. 20. Dalradian: A Golden Opportunity in Northern Ireland•  Initial strategy is to explore and develop Curraghinalt mesothermal gold deposit in Northern Ireland•  Resource update in Q4 2011•  Dalradian is exploring additional targets on its approximately 84,000-hectare Tyrone Project•  Well funded to execute on strategy20
  21. 21. Appendix21
  22. 22. Curraghinalt NI 43-101 Technical Report•  Prepared by Micon International Limited•  Dated May 10, 2010•  Updated from November 2007 and reflects revised gold price Curraghinalt Mesothermal Gold Deposit Indicated 0.95 MT @ 13.24 g/t Au for 0.4 million contained ounces with an average width of 1.35 m Inferred 2.46 MT @ 14.64 g/t Au for 1.16 million contained ounces with an average width of 1.18 m Notes: §  Subject to a 2% NSR royalty to Minco Plc and a 4% royalty to the Crown Estate on silver and/or gold production §  Assumes US$900/oz and an economic cut-off grade of 5 g/t Au over a minimum thickness of 0.10 metres, diluted to 1 metre at 0 grade §  Using a cut-off grade of 5 g/t §  All veins less than 10 cm were excluded §  Width or vein thickness is measured at 90 degrees to the vertical §  "Vein thickness" refers to a zone of grade and may not be 100 per cent vein material §  Please see "A Mineral Estimate for The Curraghinalt Gold Deposit and A Review of a Proposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland" dated May 10, 2010 and available at www.dalradian.com22
  23. 23. Multiple High Grade Gold Veins – 43-101Name Width Grade DepthSheep Dip Vein 1.1 m 29.3 g/t 149.6 m 1.3 m 31.4 g/t 36.1 mMullen Vein 1.0 m 19.3 g/t 274.0 m 1.3 m 19.6 g/t 49.9 mT-17 HW Vein 4.1 m 42.7 g/t 42.9 m 1.6 m 56.3 g/t 416.2 mT-17 Vein 3.4 m 68.1 g/t 39.6 m 1.5 m 27.0 g/t 107.0 mNo. 1 Vein 2.0 m 48.7 g/t 77.0 m 1.3 m 65.7 g/t 159.8 m106-16 Vein 2.0 m 24.0 g/t 41.5 m 3.3 m 16.9 g/t 615.7 mRoad Cut Vein 1.6 m 14.1 g/t 55.5 m 1.2 m 13.9 g/t 123.1 m23
  24. 24. Cross-section A to A24
  25. 25. Cross-section B to B25
  26. 26. Cross-section C to C26
  27. 27. A Golden Opportunity in 
 Northern Ireland Patrick F. N. Anderson Chairman and
 Chief Executive Officer
 Shae-Lynn Mathers Director, Investor Relations: 416-583-5622 smathers@dalradian.com Trading Symbol: DNA on TSX Corporate Office: Dalradian Resources Inc. 155 Wellington Street West
 Suite 2920 Toronto, ON M5V 3H1 www.dalradian.com

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