Foundation Resources Inc (FDN:TSXV)


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Foundation Resources is a publicly traded mineral resource exploration company trading on the Toronto Stock Exchange under the symbol (FDN:TSX).

Developing high potential gold area on the Coldstream property - host of past producer East Coldstream. In addition, it is adjacent to a 43-101 Compliant Inferred Resource of 1.5 million ounces of gold and located in a well known area for gold. Xstrata holds the ownership of ground along the same belt - further confirming the potential of the region.

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Foundation Resources Inc (FDN:TSXV)

  2. 2. About Foundation Resources  Capital Pool Company (CPC) listed 11/12/2006  Qualifying Transaction– Coldstream property completed June 12th, 2009  New & Proven Management Team moving forward  Financing - $555,000, $113,250 & $495,000 closed  2100m drill program completed in winter 2010  Symbol FDN.V  12.43 million shares outstanding  17.26 million shares fully diluted
  3. 3. Coldstream Property Agreement  Foundation can earn a 60% interest in the property by:  Issuing to Alto a total of 1,000,000 common shares of Foundation as follows:  500,000 shares on signing (done)  500,000 shares upon completion of $400,000 of exploration expenditures  Incur an additional $250,000 of exploration expenditures on or before April 6, 2011 and April 6, 2012  Incur cumulative exploration expenditures of $3,000,000 on or before April 6, 2013  Foundation can earn an additional 10% interest (for a total of a 70% interest) in the property by completing a feasibility study
  4. 4. Coldstream Property  Location: 115 km west of Thunder Bay, NW Ontario  Property: 5,394 hectares in staked and patented mining claims  Access: Trans-Canada Highway 11 and Provincial Highway 802  Infrastructure: Power grid, railroad and skilled local labour nearby
  5. 5. Geologic Setting  Archean age Shebandowan Greenstone Belt within the Wawa Subprovince, host to past and present world class precious and base metal deposits  Gold deposits in northeast-striking shear zones on the property  Two significant gold deposits and one copper-gold past producer are located on the property, from NE to SW: the East Coldstream deposit, the North Coldstream Mine, and the Span Lake deposit.
  6. 6. Regional Trend
  7. 7. 2009 Exploration Program  Geological mapping, trenching, rock sampling  Generate drill targets  Span Lake: Confirmed Inco 1980’s work, delineate controls on gold mineralization –confirmed extent of Moss Lake deposit on Foundation property - generated additional drill targets  Burchell West: investigated historic gold occurrences  Broadhurst Peninsula: Mapping and rock sampling in an area with grab samples up to 2.06 g/t Au from Alto Ventures 2008 work  Skimpole Lake: Confirmed historic gold anomalies  East Coldstream: Confirmed widespread mineralization at the deposit  Goldie Zone: Confirmed historic gold occurrences - 2.06 to 5.48 g/t Au  Iris Zone: IP conductivity anomalies coincident with anomalous gold results from 2007 drilling-confirmed gold in outcrops
  8. 8. Span Lake Area  Adjacent to Moss Lake gold deposit (51 million tonnes – 1.5 million ounces gold, NI43-101 compliant inferred resource)  Drill results include:  3.01 g/t Au over 7.45 m  3.67 g/t Au over 4.63m  Nine zones of anomalous gold identified
  9. 9. Channel Sample Au g/t Length (m) A Zone S-A-03 0.68 8.76 includes 1.71 2.85 S-A-05 1.29 2.35 S-A-06 0.53 10.2 includes 1.1 4.0 S-A-07 1.05 3.0 S-A-14 2.36 2.0 S-A-18 31.8 0.75 S-A-20 2.51 3.16 S-A-26 1.23 2.0 B Zone S-B-05 1.7 2.22
  10. 10. Span Lake Zone Channel Samples in Outcrop
  11. 11. East Coldstream Gold Deposit  5.1 million tonnes at 1.4 g/t (234,000 ounces gold) calculated by Noranda in 1990 for the North, Main and East zones (Historical resource not compliant with NI 43-101 standards)  Au mineralization starts on surface - historic resource estimate was based on relatively shallow drilling  The historical resource does not include the Sanders Zone, where 2006 drill results include 1.1 g/t Au over 23m  Mineralization plunges easterly - all zones open at depth  Winter 2010 drilling has demonstrated greater widths at depth in the deposit, potentially providing significant addition to the historic resource
  12. 12. East Coldstream – Winter 2010 Drill Results Drill Hole From To Width Gold (metres) (metres) (metres) (grams /tonne) C-10-14 190.45 237.70 47.25 1.30 Including: 192.30 198.20 5.90 3.01 216.95 218.95 2.00 6.15 227.30 229.75 2.45 9.62 228.55 229.75 1.20 11.80 C-10-15 169.45 196.73 27.28 4.88 Including: 193.73 196.73 3.0 13.55
  13. 13. East Coldstream – Winter 2010 Drilling
  14. 14. East Coldstream Long Sections East Zone Open at depth, with intersections increasing in width with depth Intersections from drilling to date are less than 200m below surface Sanders Zone Very little drilling to date, a potential expansion of the deposit along strike to the east and to depth
  15. 15. Goldie Zone Trench 6 Area 31 g/t sample site
  16. 16. Iris Zone  Recently acquired claims expand the property north of the East Coldstream Gold Deposit  2007 drilling targeted IP conductivity anomalies running sub-parallel to IP anomalies coincident with the East Coldstream Gold Deposit  Drilling encountered alteration and shearing similar to that observed at East Coldstream  2007 drill results include 1.27 g/t Au over 5m, 1.19 g/t Au over 4 m, and 1.28 g/t Au over 5.2m
  17. 17. IRIS ZONE Outcrop – 15 g/t sample
  18. 18. San Rafael Project  Located 150 km west- northwest of Durango, Mexico  5 concessions totalling approximately 1,000 hectares covering a 7 km trend  Access: paved & gravel roads from Durango  Infrastructure: airstrip, access to spring water, well-built camp
  19. 19. San Rafael Property  Structurally controlled epithermal gold-silver vein deposit  Historic production from workings on four levels totalling 400 metres of development  Targets along strike and at depth comparable to the existing San Rafael mine working
  20. 20. San Rafael Mine Plan  Verification sampling returned values up to 13.86 g/t Au and 175.88 g/t Ag over 3.8 metres
  21. 21.  John Hiner – CEO  Mr. Hiner has more than 30 years of experience in worldwide resource exploration and management. Mr. Hiner has managed projects from the conceptual exploration stage to positive feasibility and finance level studies on proven deposits in South America, North America, and Africa.  Paul Chung – President  23 years of project management, extensive skills in public company experiences, and negotiating international transactions makes Mr. Chung a valuable asset to Foundation. Mr. Chung has conducted operations throughout South America and was responsible for asset acquisitions, project oversight, strategic planning, government liaison, and ensuring strategic alignment between parent and subsidiary.
  22. 22. • Jerry Bella – CFO • Mr. Bella is a self employed financial consultant presently involved with various private and public companies. Since receiving his C.G.A. designation in 1979, Mr. Bella has been a director or CFO of numerous private and publicly-traded companies including resource exploration, manufacturing and high tech companies. • Mike Koziol – Director • Mr Koziol is a geoscientist with 30 years of experience exploring for gold and base metals in the Canadian Shield. Mr. Koziol has been responsible for a number of gold and base metal discoveries during his exploration career with the Saskatchewan Mining Development Corporation and Cameco Gold Inc.
  23. 23. • Barry Girling – Director Barry has been providing various consulting services to a number of public companies for 15 years and has been involved in various aspects of mineral exploration for over 25 years. He currently serves as a director of i-Minerals Inc. a TSX.V listed company developing industrial mineral assets in Idaho, USA and serves as a director of TSX.V listed Foundation Resources Inc., a capital pool company contemplating mining based qualifying transactions and Search Capital Inc. a TSX.V listed company capital pool company.
  24. 24. Foundation Resources Inc  Suite 620-650 West Georgia PO BOX 11604 Vancouver, British Columbia V6B 4N9 Tel: 604-681-0405 T. Free: 1-800-667-4470 Fax: 604-687-4670
  25. 25. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. Statements in this presentation other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. This presentation contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward- looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this presentation. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk.
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