TNR Gold Investor Presentation March 2014


Published on

TNR Gold 100% Shotgun Gold Project, Los Azules Copper Back-in Right With McEwen Mining And Strategic Stake In International Lithium.

Published in: Business, Technology
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

TNR Gold Investor Presentation March 2014

  1. 1. Investor Presentation March, 2014
  2. 2. Company Overview “Lead Project Generator” Mineral Exploration: • Precious Metals and Base Metals • Strategic Focus on Rare Metals and Rare Earth Elements Proven Business Model: • Early Identification and Acquisition of Mineral Prospect • Royalty Investment Assets • Selectively Advance Projects Internally • Employ JV Partnerships to Diversify Costs and Risk • Maximum Value Achieved Over Minimum Period of Time 65% Owned by Insiders and Management Experienced Management Team
  3. 3. Company Summary • TNR Gold is a Royalty Investment and Project Generator Company • TNR holds a *25% back-in right to Los Azules, Argentina one of the largest undeveloped copper deposits in the world • TNR concentrates its exploration efforts in Base, and Rare Earth Metals with a strategic Holding (25.5%) of a Lithium-Rare Metals company (International Lithium) • Proven Business Model: “Lead Project Generator” Early Identification and Acquisition of Opportunities • Hybrid Joint Venture Business Plan: Selectively Advance Projects Internally + Employ JV Partnerships to Diversify Costs and Risk • 65% Percentage Owned by Insiders and Experienced Management Team *25% back-in right which is exercisable following the completion of a feasibility study. The back-in right allows TNR to back-in for 25% of the northern part of the Los Azules property
  4. 4. Company Share Structure Trading Symbol: TNR : TSX Issued: 148 Million Fully Diluted: 162 Million Listing: TSX-V Management and Insiders: 65% Institutional Holdings: 14% Transfer Agent: ComputerShare
  5. 5. Management and Directors • Gary Schellenberg, B.Sc. (Geol.), President, CEO • Jerry Bella, CGA, CFO • Roberto Lara, Managing Director (South America) • John Harrop, P.Geo, VP Exploration • Anthony Kovacs, COO • Dr. Frederick Breaks P.Geo, Special Adviser to Board • Gary Schellenberg, B.Sc. (Geol.) – Executive Chairman of Board • Kirill Klip, MBA – Non-Executive Chairman of Board • Greg Johnson B.Sc.– Director • Paul Chung, B.Sc. (Geol.), MBA - Director Directors Management
  6. 6. Actively Sourcing Additional Opportunities Project Locations Vancouver Shotgun ALASKA ARGENTINA Los Azules Gold Corp. LEGEND Au Au-Cu Office
  7. 7. Argentina Au – Cu Projects Los Azules
  8. 8. Los Azules – Regional Advantage • Los Azules is 6 km east of the Chilean-Argentine border. • The deposit is located on a copper porphyry belt host to some of the world's largest copper mines including Codelco's El Teniente mine (world's largest underground copper mine), Anglo American's Los Bronces mine, Antofagasta's Los Pelambres mine and Xstrata's El Pachón project. Source:
  9. 9. Los Azules - Location
  10. 10. Los Azules - Back-in Right Restored Highlights of the settlement 1. The settlement restores a 25% back-in right to TNR which is exercisable following the completion of a feasibility study*. The back-in right allows TNR to back-in for 25% of the northern part of the Los Azules property, which McEwen Mining has said contains the largest share of the known resource at Los Azules. 2. TNR receives an industry standard Net Smelter Royalty of 0.6%. This Net Smelter Royalty is over the northern portion of the property and is triggered if TNR chooses to back in for 5% or less or is diluted below 5%. 3. TNR receives 1 million shares in McEwen Mining. 4. TNR will transfer to McEwen Mining the mineral rights to Escorpio IV and this property will become subject to the back-in right as well * TNR will retain their Back-in Right for up to 25% of the equity in certain claims comprising the northern portions of Los Azules. The Back-in Right is exercisable after the completion of a bankable feasibility study. To exercise TNR must pay two (2) times the expenses attributable to the back-in percentage (ie. paying 2 x 25% all of the costs attributable to the claims comprising the northern portion of the property). Upon backing-in, TNR may elect to continue to participate in the project or be diluted down to a 0.6% NSR on the same claims comprising the northern portion of the project. On November 12, 2012 a resolution was reached pertaining to the Los Azules property, until further details are released more information can be found in the latest press release:
  11. 11. Los Azules – Settlement Kirill Klip, Non-Executive Chairman of TNR Gold, stated, "I welcome the positive resolution of the Los Azules litigation in the out of court settlement between TNR Gold and McEwen Mining. I would like to personally thank Rob McEwen as this resolution is a highly beneficial outcome for both our companies. Removing the uncertainty over the rights to Los Azules will allow the project to now achieve its full potential for the benefit of the shareholders of both TNR Gold and McEwen Mining, and I consider our stake in McEwen Mining as a strategic holding for TNR Gold.” (TNR Gold Press Release November 12, 2012) “This is a very positive development for McEwen Mining, TNR Gold and the Province of San Juan, Argentina. It allows us to accelerate and expand the magnitude of our exploration effort. With this legal obstacle behind us, we are now embarking on the largest drill program in the project’s history. We are excited by the potential of growing the size of this world-class copper asset”, said Rob McEwen, Chief Owner (McEwen Mining Press Release November 12, 2012) Source: Los Azules Copper Property Lawsuit Against McEwen Mining Settled TNR's 25% Right To Back-in At Feasibility Restored
  12. 12. Los Azules - Highlights • Los Azules is one of the world's largest undeveloped copper deposits. • McEwen Mining began a 15,000 meter drill program starting in October 12, 2012 • The property encompasses 50,933 acres and surrounds a large alteration zone that contains the resource which measures approximately 4 kilometers long by 1.5 kilometers wide. Source:
  13. 13. Los Azules – Deposit Outline Source:
  14. 14. • Donlin, owned by Barrick and NovaGold, has M&I resources of 39 million ounces gold*. 1. Shotgun (Au) Donlin Style intrusion associated gold Alaska Projects *Novagold website Shotgun Pebble Donlin Fort Knox Pogo
  15. 15. Shotgun Project, Alaska Inferred Resource Estimate *: Shotgun Resource Estimate - modelled at an ~ 0.3 to 0.5 g/t cut-off. * The Shotgun Ridge prospect contains an inferred mineral resource of 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off. The inferred mineral resource estimate was prepared by Allan Armitage, PhD., P.Geol., of GeoVector Management Inc., a Qualified Person as defined by the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resources and Mineral Reserves and the National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Shotgun Zone mineral resource estimate, publicly reported on April 22, 2013, is based on 34 diamond drill holes (NQ) totalling 4,932.3 metres, with 2,481 assays (0.2 up to 10 metres in length). Holes were drilled by several operators in five drill campaigns conducted between 1984 and 2012. The 34 drill holes are spaced primarily 40 to 100 metres apart in an area of approximately 375 x 300 metres. The drill holes tested mineralization to a vertical depth up to 150 metres. A resource model for the Shotgun Zone was constructed based on the distribution of the gold mineralization (> 0.3 to 0.5 g/t Au) and this model was used to constrain the composite values chosen for interpolation. A block model with block dimensions of 5 x 5 x 5 metres in the x, y and z directions was placed over resource model solids with only that proportion of each block below the topographic/overburden surface and inside the solid recorded. Grades for gold were interpolated into the blocks by the inverse distance squared (“ID2”) method using a minimum of 2 and maximum of 12 composites to generate block grades in the Inferred resource category. The search ellipse used to interpolate grade into the blocks measured 110 x 60 x 110 (Principle Az – 235°, Principle Dip - 25°, Intermediate Az.- 325°). The size and orientation of the search ellipse approximates the strike, dip and thickness of the resource model and takes into account the limited drilling and relatively wide spacing of the drilling. There are currently no known encumbrances with regards to legal, political, environmental or other risks that could materially affect the potential development of the Shotgun Ridge prospect, and however, the EPA is conducting an environmental review of the Bristol Bay watershed in response to the proposed development of the Pebble Deposit, approximately 150 kilometres to the southeast of Shotgun Ridge. The mineral resources reported herein are classified as inferred mineral resources according the CIM Definition Standards for Mineral Resources and Mineral Reserves. No economic studies were undertaken on this mineral resource estimate and it should be noted that mineral resources are not mineral reserves and there is no guarantee that the current mineral resource at Shotgun Ridge will result in an economically viable deposit. Au Cut-off Tonnes Grade (g/t) Ounces 0.3 g/t 24,509,842 0.96 759,442 0.5 g/t 20,734,313 1.06 705,960 0.7 g/t 14,779,225 1.24 590,600 1.0 g/t 9,101,458 1.49 437,365
  16. 16. Exploration History – Shotgun Ridge 1998 mineralization is interpreted to have a “cap” or inverted bowl shape 2006 mineralization reinterpreted as structurally controlled with deep feeders Structurally controlled “Southwest Dipping Mineralized Zones” identified IP and resistivity surveys highlight gold mineralized breccias (hornfelsed sediments and porphyritic intrusive) 2012 drill program designed to test predictability of mineralized zones Mineralization model confirmed Camp 25km
  17. 17. Shotgun Ridge – 2012 Drilling Program • 12-56 returns 242m of 1.25g/t Au over all three mineralized zones • 12-57 returns 209m of 1.02g/t Au over all three mineralized zones • 12-58 returns 46.55m of 1.14 g/t Au (hole ended prior to intersecting MID and NE-zones) 27.4m of 2.3 g/t Au NE- Zone Mid- Zone SW- Zone 22m of 2.86 g/t Au 18.4m of 2.03 g/t Au
  18. 18. open Shotgun Ridge – 2012 IP Surveys • Mineralization in 12-57 shows NE Zone continuing down-dip in structure defined by IP • 12-58 shows elevated gold grades encountered down-dip in SW Zone • Mineralization is open at depth and near surface – relative chargeability low NE Zone SW Zone open ? ?
  19. 19. Shotgun Ridge – Understanding Targets Generalized Geology at Shotgun Ridge 3D IP level plan at 600m elevation 1500m Qtz-feldspar porphyry Kuskokwim Sediments Targets are defined by structural interpretation & 3D IP surveys • NE trending structures w/ strike slip movement • Mineralization mostly in QFP breccia zones, sub parallel to ridge topography • Structural repetition interpreted from geophysics • Opportunity to significantly expand resource • Mineralization open at depth ? ?
  20. 20. Shotgun Project - Opportunity Camp Scale Opportunity Shotgun Ridge is just one of multiple gold target areas Gold mineralization identified at each prospect: Shot, King, and Winchester This group of prospects forms a distinct gold district held 100% by TNR Surface geochemistry identifies multiple gold anomalies with no known source Poor outcrop limited prospecting efforts in the past IP surveys identify mineralized areas 25km
  21. 21. Lithium & Rare Metals Spin-out Listed May 24, 2011 International Lithium Corp. (ILC:TSX.V) TNR Gold holds 25.5% Equity Stake TNR Identified and Acquired International Portfolio of Lithium Brines and Rare Metal Pegmatites San Juan LEGEND Li - Brine Li - Pegmatite Office Vancouver Mavis Lake Ontario Mariana Argentina Blackstairs Ireland
  22. 22. Page 23 International Lithium Corp. (ILC:TSX.V) TNR Gold holds 25.5% Equity Stake 160 km2 One of the Most Prominent Salars In a World Class Region Mariana Lithium-Potash Brine , Argentina 78 metre Pegmatite Intersection* 1.86% Li2O over 26.25m, 1.22% Li2O over 28.45m and 1,924 ppm Rb2O% over 78m Mavis Lake Rare Metals, Ont. High Grade Boulder Field Discovery: 4.59%, 3.45% and 3.27% Li2O grab samples Indicating buried pegmatite** Blackstairs Rare Metals, Ire. Boulder Distribution **News Release for International Lithium Corp. (TSX.V:ILC)dated January 31, 2012. Grab samples are by definition selective and are unlikely to represent average grades on the property. * News Release for International Lithium Corp. (TSX.V:ILC)dated January 12, 2012. The true width of the pegmatite intersection has not been determined and no inference to that effect has been made.
  23. 23. JV Partnership Project Submission Financing We welcome your inquiries Investor Relations hub Investment in TNR Interested in our projects? Send us your projects! Contact Us Today Info @ Address P.O. Box 11604, 620 - 650 West Georgia St. Vancouver, British Columbia, V6B 4N9, Canada Caroline Klukowski Phone: 604-687-7551 Fax: 604-687-4670
  24. 24. Disclaimer 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. Disclosure John Harrop, PGeo, FGS, Vice President of Exploration of the Company is a "Qualified Person" as defined under NI 43-101 has reviewed and approved the technical content of this document.