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TSQ Red Hill Presentation

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  • 1. mining corporation
    TSQ.V FSE: TQ4 TSMNF. US
    Tosca
    RED HILLSMolybdenum-Copperpresidio county Texas
  • 2. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
    This presentation may contain forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors including the availability of funds, the results of financing efforts, the results of exploration activities – that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. The company disclaims any intention or obligation, except to the extent required by law, to up date or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
    18/04/2011
    Tosca Mining Corporation TSQ.V
    2
  • 3. HIGHLIGHTS
    Management Team
    Exploration, production and financing experience
    Corporate Strategy
    To acquire precious and base metal assets that can be developed into economically viable mining operations
    Red Hills Moly/Copper Project
    Historical (non 43-101 compliant) 120 million pounds Cu resource grading 0.35% Cu
    Mo zone 1000 m by 200 m, open in 3 directions
    Excellent infrastructure in a mining friendly jurisdiction
    18/04/2011
    Tosca Mining Corporation TSQ.V
    3
  • 4. CAPITAL STRUCTURE/TRANSACTION
    Shares outstanding: 38.0 million
    Fully diluted: 55.0 million
    Share price (April 12): $0.52
    Market Capitalization: $20 million
    Advisors:
    Legal counsel: Tupper, Jonsson & Yeadon
    Auditor: Davidson & Company LLP
    Transfer agent: Computershare
    Transaction:
    Tosca has an option to earn 100% interest in the Red Hills Moly/Copper project located 18 km west of Presidio, Texas.
    18/04/2011
    Tosca Mining Corporation TSQ.V
    4
  • 5. DIRECTORS AND OFFICERS
    Dr. Sadek E. El‐Alfy, Ph.D, D.I.C., BSC (Eng.) Chairman, CEO and Director
    Dr. El‐Alfyis a professional mining Engineer with 35 years experience in underground and open pit mining. He has held senior positions with Giant Yellow Knife Mines, The Iron Ore Company of Canada, Crystallex International, and most recently Creston Moly.
    Mr. Ron Shenton, President , Director
    Mr. Shenton has over 25 years experience in the financial sector working with a number of public companies providing fund raising, public relations and corporate governance.
    Dr. Luca Riccio, Ph.D, P.Geo. , V.P. Exploration and Director
    Dr. Riccio has experience in the evaluation and supervision of gold, base metal, nickel‐copper and PGMs projects in the Americas, Europe and Asia. He has held senior positions at Anaconda Copper, Crystallex International and most recently Creston Moly.
    Brian Roberts, Director
    Mr. Roberts has over 30 years experience in financial and business consulting.
    Dr. David Stone, MBA, P.Eng, Director
    Dr. Stone is a professional mining Engineer with over 30 years of providing engineering and financial consulting experience to underground and surface metals mines worldwide.
  • 6. RED HILLS TRANSACTION DETAILS
    Agreement to acquire 100% interest in the Red Hills Moly/Copper project on March 31, 2011, subject to a 2% NSR
    US$ 10.9 million cash over five years
    2.1 million Tosca shares over five years
    First year commitment of $575,000 + 400,000 common shares
    18/04/2011
    Tosca Mining Corporation TSQ.V
    6
  • 7. RED HILLS HISTORY
    Pre-feasibility studies by Rio Grande Mining Company (1997)
    Worked by major companies (1955-72)
    Asarco, Phelps Dodge, Amax, Duval
    88 holes drilled
    Main focus to define size and viability of shallow copper resource
    18/04/2011
    Tosca Mining Corporation TSQ.V
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  • 8. RED HILLS LOCATION
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    Tosca Mining Corporation TSQ.V
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    Excellent Infrastructure
    • Road access
    • 9. Power grid near by
    • 10. Mining friendly jurisdiction
    • 11. Semi-desert climate allows for year round exploration and development
    Red Hills Moly/Copper Project
  • 12. RED HILLS PROJECT CLAIMS
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    Tosca Mining Corporation TSQ.V
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  • 13. SHAFTER-PRESIDIO MINERAL DISTRICT
    Red Hills moly/copper project lies approximately 8 km from the Shafter Silver Mine (Aurcana Corporation)
    Scale: 1.5 km
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    Tosca Mining Corporation TSQ.V
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  • 14. Red Hills Panoramic View
  • 15. PREVIOUS DRILLING - COPPER
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    Tosca Mining Corporation TSQ.V
    12
  • 16. COPPER HIGHLIGHTS
    • HIGH GRADE COPPER
    • 17. 3 HOLES
    • 18. #36 110’ (33.5M) @ 9.09% Cu
    • 19. #59 70’ (21.3m) @ 6.12% Cu
    • 20. #55 70’ (21.3m) @ 7.77% Cu
    • 21. COPPER BLANKET
    • 22. 17.1 million tons @ 0.35% Cu
    • 23. Low strip ratio
    • 24. 1997 studies showed profitability at $1.10 Cu and $4.50 Mo
    Note these are historic estimates which have not been verified by a QP and should not be relied upon.
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    Tosca Mining Corporation TSQ.V
    13
  • 25. SELECTED COPPER INTERCEPTS
  • 26. PREVIOUS DRILLING - MOLY
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    Tosca Mining Corporation TSQ.V
    15
  • 27. MOLY HIGHLIGHTS
    • 28 of 88 holes in moly zone
    • 28. Average hole depth: 652 feet (199m)
    • 29. 5 of 28 holes exceed 1000 feet (305m)
    • 30. Deepest hole: DDH 7, 2016 feet (642m) @ 0.076% Mo
    • 31. Average depth of remaining 23 holes: 431 feet (131m)
    • 32. Weighted average moly grade of 71% of intercepts is 0.07% Mo at 0.05% Mo cutoff
    • 33. Open to the South and at depth
    • 34. Present dimensions 1000m x 200m
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    Tosca Mining Corporation TSQ.V
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  • 35. SELECTED MOLY INTERCEPTS
  • 36.
  • 37.
  • 38. PLAN OF ACTION
    Prepare 43-101 compliant report based on historic drilling
    Quantify geometry and extent of high grade copper zone (5 holes, 500m)
    Carry out verification drilling within shallow copper-moly blanket (10 holes , 1,500 m) and select samples for metallurgical tests.
    Verify and deepen previous drill holes in moly zone (4 holes, 1,400 m).
    Investigate extensions to the moly zone (2 holes, 600 m)
    Prepare Pre-Economic Assessment of shallow copper blanket and associated moly mineralization (M.D.A. Reno and M3 Engineering, Tucson)
    18/04/2011
    Tosca Mining Corporation TSQ.V
    20
  • 39. mining corporation
    Tosca
    #400, 409 Granville Street
    Vancouver, BC V6C 1T2
    Tel: 604-687-6562
    Email: info@toscamining.com