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Teslin River Resources Presentation September 2012

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Teslin River Resources is focusing its efforts on precious metal properties located in areas that have demonstrated the potential to host significant resources. The initial phase will be to accumulate …

Teslin River Resources is focusing its efforts on precious metal properties located in areas that have demonstrated the potential to host significant resources. The initial phase will be to accumulate a portfolio of gold/silver prospective properties.


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  • 1. September 2012
  • 2. Cautionary StatementStatements contained in this presentation which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could causeactual results to differ materially from those expressed or implied by such forward-lookingstatements. Such factors include among others: volatility and sensitivity to market pricesfor gold, silver and copper, competition, the impact of changes in foreign currencyexchange rates, environmental risks, political risk, changes in government regulations andpolicies including trade laws and policies, demand for gold, silver and copper, replacementof production, receipt of permits and approvals from government authorities as well asother operating and development risks.Forward‐looking statements involve known and unknown risks, uncertainties and otherfactors which may cause the actual results, performance or achievements of the Companyand/or its current and proposed subsidiaries to be materially different from any futureresults, performance or achievements expressed or implied by the forward‐lookingstatements. Forward‐looking statements contained herein are made as of the date of thisPresentation and the Company disclaims any obligation to update any forward‐lookingstatements, whether as a result of new information, future events or results or otherwise.Accordingly, readers should not place undue reliance on forward‐looking statements dueto the inherent uncertainty therein. In addition, investors are cautioned that thispresentation may contain information about mineral properties adjacent to or near theCompany’s properties and in which the Company has no right or interest. Mineral depositson such adjacent or near properties are not indicative of the mineral deposits, if any, whichmay be found on the Company’s properties. Mineral resources that are not mineralreserves do not have demonstrated economic viability. 2
  • 3. Company Overview• Focused on precious metal exploration in North America. Specific emphasis in British Columbia and Nevada• First rate, experienced geological team with the expertise to develop modern bulk tonnage – low grade open pit deposits• Focused on developing properties to their optimum potential in order to maximize shareholder value• Grassroots to advanced stage resource bearing project mix to mitigate risk profile for investors• Significant Frasergold historical resource with huge upside potential 3
  • 4. Summary British Columbia Nevada • Frasergold Property • Mustang • Rand Properties • Morningstar• Newly invigorated Company• Planning 2013 exploration at Frasergold (drilling permits granted)• Option Agreement for Frasergold re-negotiated – no expenditure required until 2013• Drilling permits issued for Nevada properties • Mustang Second Phase • Morningstar• Joint Venture for Rand Properties signed with Goldfields• Continually reviewing new asset opportunities 4
  • 5. Financing Plan November 2012 to August2013Frasergold $800,000Working Capital $400,000Nevada Properties 50,000Total $1,250,000• 68% of funds into exploration and project development• $0.05 hard $ / $0.06 flow through plus ½ warrant on hard $ at $0.10• 7% commission / 7% non-assignable warrants (exercisable at $0.15) 5
  • 6. Corporate InformationTSX-V Listing TLRShares Outstanding 55,909,061Options 2,465,000Warrants 3,265,000Fully Diluted 61,639,061Resinco 29.90%Officers & Directors 5.63%As at September 21, 2012 6
  • 7. Board and ManagementDirectors John Icke, Executive Chairman President & CEO TSX: RIN, Chairman TSX-V: TNO, CUE, Board Member TSX-V: WOF, LGM Michael Hitch, P.Geo, P. Eng. Michael Sweatman, CA Board Member TSX: MGA, TSX-V: LGM, MGP, BBI, BWN, FYI, NEI Hein Poulus, QC Chairman TSX: RIN, TSX-V: FVR, Board Member TSX-V: TVC, TNOOfficers John Icke, Interim President & CEO Michael Hitch, Vice President Exploration David McAdam, CFO Christina Boddy, Corporate Secretary 7
  • 8. Technical TeamDr. Michael Hitch, P.Geo, P.Eng – Director and VP ExplorationDr. Hitch is a PhD-level geologist and mining engineer. He has spent thepast 25 years in the global mining industry in capacities includingexploration, investment banking, academia and research, and seniormanagement of both large multinational and small junior miningcompanies. Michael’s particular expertise is surface mining development,operations and bulk materials movement, with mines in localities such asIndonesia, China, Southern Africa, Peru and Canada. Dr. Hitch is aQualified Person as that term is defined under NI 43-101.Kristian Whitehead – Senior Geologist FrasergoldHaving led Hawthorne Gold Corp’s exploration program at Frasergold in2008, Kristian is uniquely qualified to lead the development of theFrasergold deposit to it’s next stage. In addition to Hawthorne, he hasworked for Stratagold, Hi Ho Silver Resources, Copper Creek Gold Corpand Fire River Gold. Additionally he is a director of Chai Cha Na Mining(CNQ: CNN) and Eureka Resources (TSX-V: EUK). 8
  • 9. Technical Team continuedElizabeth Zbinden, Ph. D– Project Geologist NevadaA former officer of the Geological Society of Nevada, Elizabeth hasbeen exploring and developing gold deposits in Nevada for 20 years.She has prior work experience with Placer Dome, Centerra Gold andNovagold amongst others.Warner Gruenwald - Consulting GeologistWarner has 35 years exploration experience ranging from themanagement of grassroots to advanced stage exploration programs.He has operated as an independent consultant since 1985 and is thepresident of Geoquest Consulting Ltd. He is a Qualified Person (QP) asdefined by National Instrument 43-101. 9
  • 10. Advisory BoardDavid Shaddrick, CPG, AIPG – Advisory board memberFounding and current President of the Nevada Mineral Exploration Council and Past President of GeologicalSociety of Nevada. Dave has been exploring and discovering deposits in Nevada for over 30 years. He hasheld senior executive positions at Homestake Mining, Atlas Precious Metals and most recently GoldenOdyssey in addition to having served as a board member of multiple juniors.John Kerr, P.Eng – Advisory board member.In a career spanning 50 years John has participated in the discovery of Gold and Silver deposits in Nevada,British Columbia and Newfoundland. Having participated in the founding of multiple juniors, in addition tohis role at Teslin John sits on the boards of Quaterra (TSX-V: QTA) and Bravada Gold Corp (TSX-V: BVA).Glen Macdonald, P. Geo – Advisory board memberGlen has extensive board experience with junior exploration companies having been a founding director ofseveral of these companies since the mid 1980’s. He is a self-employed consulting professional geologist, amember of the Alberta Professional Engineers Geologists and Geophysicists Association since 1982, and amember of the British Columbia Association of Professional Engineers and Geoscientists since 1993.Brian Cramm – Advisory board memberBrian has extensive experience with junior and mid-tier resource companies. He has been employed as VPBusiness Development for Echo Bay Mines Limited as well as senior/executive management roles both publicand private resource companies, including General Minerals, Crystallex, North Star Exploration and DakotaMining. Brian serves on the Board of Directors for a TSX listed company. 10
  • 11. Frasergold 11
  • 12. Frasergold Project Location Quesnel Trough Cariboo Gold District Frasergold Deposit 12
  • 13. Frasergold• 611,000 Measured and Indicated ounces Au and 1,225,000 Inferred ounces Au1 • Historical resource completed by Hawthorne Gold in November, 20092• Located in Central British Columbia 100 km east of Williams Lake• Excellent access from logging road infrastructure• 50,000m of historical drilling: 450 drill holes including 300m underground tunnel• Geochemistry delineates 12km of strike length. Drilling indicates mineralization located in 6km and historical resource located in 3km of strike length 13
  • 14. Frasergold Regional Geology• Property straddles the boundary between two major belts of the Canadian Cordillera: • Omineca Tectonic belt to the east • Intermontane Belt to the west • Eureka Thrust is tectonic boundary between the belts• Three regional tectonostratigraphic terranes: Kootenay, Slide Mountain and Quesnellia terranes• Slide Mountain and Quesnellia terranes of Intermontane Belt have accreted eastward onto Kootenay terrane of the Omineca Belt 14
  • 15. Frasergold Mineralization• Quesnellia Terrane composed of metavolcanic and phyllite rocks of Permian to Jurassic age • Numerous Cu and Au deposits occur in this rock package • Mt Polley ~80km northwest of Frasergold• Stratabound deposit in Triassic sedimentary sequence• Orogenic lode-gold deposit• Gold tends to occur in quartz veins with coarse particulate gold occurring in segregations of stringers, veins, boudins and mullions• Pervasive low grade gold mineralization is also found with the knotted phyllite 15
  • 16. Historical Resource Tonnes > Cut-off *Zone Class Au (g/t) Au (grams) Au (ounces) (tonnes)Main Measured 11,470,000 0.595 6,800,000 219,000Main Indicated 22,610,000 0.540 12,200,000 392,000Main M+I 34,080,000 0.559 19,100,000 611,000Main Inferred 26,530,000 0.473 12,500,000 402,000NW Inferred 45,790,000 0.538 24,600,000 791,000 SE Inferred 2,990,000 0.343 1,000,000 32,000Total Inferred 75,310,000 0.507 38,100,000 1,225,000 *0.3g/t from “Report on the 2007 and 2008 Drill Programs on the Frasergold Project“ by Giroux and Campbell prepared for Hawthorne Gold Corp in November 2009 16
  • 17. Fall 2011 Soil Sampling Developed to assist in planning of 2012 exploration program. Selected due to potential for high grade mineralization Limited prior drilling in all 3 areas Potential for substantial value creation 17
  • 18. Northwest Extension Soil Grid 18
  • 19. Resource Expansion Opportunities 19
  • 20. Eureka Bowl Copper Porphyry Target 20
  • 21. Visible Gold FG08-354C FROM (m) TO (m) Width g/t FA SFA 7.92 12.30 4.38 61.195 63.047 45.15 56.69 11.54 0.437 0.480 73.50 76.50 3.00 0.476 0.486 95.76 115.00 19.24 1.008 1.005 21
  • 22. Frasergold Potential• Historical resource calculated on only 3km of 12km strike length.• Drilling confirms mineralization in 6km of strike length• Only Main Zone thoroughly drilled • Significant opportunity for higher grade and increased mineralization• Areas of significant geochemistry undrilled• Undrilled gold & copper anomalies• Frasergold Zone and Grouse Creek West Zone minimally drilled 22
  • 23. Rand Properties• Located in Cariboo region of Central British Columbia• Contiguous with Fjordland Explorations Woodjam North & South properties which Gold Fields is drilling under an option agreement with Fjordland and Cariboo Rose Resources• The area is considered prospective for a large copper-gold porphyry body• Gold Fields has entered into a JV agreement to earn up to an 80% ownership• 1,200m drilling program in January 2011 by Gold Fields• Gold Fields can earn up to 51% through spending $1.0 million in exploration in next 2 years• Drilling (5 holes) currently underway 23
  • 24. Nevada Properties• Mustang and Morningstar located in Walker Lane• Walker Lane has produced 8 million (plus) ounces gold and 230 million (plus) ounces of silver from 7 major mining camps• Epithermal gold and silver deposits hosted in Tertiary volcanic and Mesozoic sedimentary rocks 24
  • 25. Mustang Property • 72 claims with 100% rights held by Teslin • Claims in close proximity to previous production • 12.5 km southwest of Paradise Peak Mine • 1.5M+ oz Au & 40M oz Ag • 3.2 km from Pactolus and Warrior mines • Geology & Geochemistry similar to Paradise Peak • 8 holes drilled in Spring 2011 • Successful drilling in Spring 2011 resulted in: • 7.6m of 2.56g/t Au within 12m of 1.71g/t Au in M11-06 • 4.6 m of 1.6g/t Au within 9m of 0.87g/t Au in M11-05• 8 hole (1,500m) reverse circulation drilling program ($200,000) in permitted from Spring 2011 results. 25
  • 26. Morningstar Property• 97 claims with 100% mineral rights leased from Dawes, LLC subject to 3% Net Smelter Royalty• Similarities to 700k+ ounce Au Santa Fe deposit• Previous drilling during 2007 encountered anomalous gold mineralization• 25 miles of Induced Polarization (IP) surveys completed in 2008 • IP results have identified two distinct new drilling targets• 1,500m reverse circulation drilling program being planned ($250,000) 26
  • 27. 2012 Frasergold Exploration Plan• Earn-In Agreement renegotiated. Zero exploration expenditure required in 2012• $1.5 million in exploration spending (2013)• 5,000 meters of drilling • Eureka Bowl porphyry • Kusk targets from 2011 soil sampling • Grousse Creek and Northwest and Southeast extension to the Main zone• Soil sampling and mapping• Remodelling of resource 27
  • 28. Investment Summary• Exploration & development projects in stable mining friendly jurisdictions• Excellent potential at signature Frasergold property• Ongoing negotiations to expand portfolio• Proven exploration team led by Michael Hitch with 25+ years British Columbia and Nevada experience. Significant continuity on field geology at Frasergold provided by Kristian Whitehead.• Steady/consistent news flow expected over the next 12 months from initial work programs and planned drill programs• Strong management/board with balance of technical, financial, legal and operational skills 28
  • 29. ContactTeslin River Resources Corp.1430 – 800 West Pender StreetVancouver, BCV6C 2V6(604) 684-8288(604) 608-2990 – Faxinfo@teslin-river.com 29
  • 30. Notes1219,000 measured ounces Au and 392,000 indicated ounces Auand 1,225,000 ounces Au inferred at 0.30g/t cut-off2A qualified person has not completed sufficient work in order toclassify historical resource estimates on the Frasergold property ascurrent mineral resources or reserves and the Company is nottreating these historical estimates as current mineral resources orreserves but as historical estimates for information purposes onlythat should not be relied uponDr. Michael Hitch P. Geo, P. Eng. is a Qualified Person pursuant toNI 43-101 and has approved the contents of this presentation 30