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Seafield Resources June Presentation
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Seafield Resources June Presentation

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Seafield's corporate presentation highlighting the company's Quinchia Project in Colombia.

Seafield's corporate presentation highlighting the company's Quinchia Project in Colombia.

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    Seafield Resources June Presentation Seafield Resources June Presentation Presentation Transcript

    • Seafield Resources Ltd. TSXV-SFF Developing Through Exploration a Potential Multi-million Ounce Gold Resource In the Prolific Quinchia Gold District, Colombia June 2011Quinchia Project 0 TSXV-SFF
    • Forward Looking StatementsThese forward-looking statements are made as of the date of this presentation and Seafield ResourcesLtd. does not intend, and does not assume any obligations to update these forward-looking statements.Forward looking statements include, but are not limited to, statements with respect to the timing andamount of estimated future exploration, success of exploration activities, expenditures, permitting, andrequirements for additional capital and access to data.Forward-looking statements involve known and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Company to be materially different from anyfuture results, performance or achievements expressed or implied by the forward-looking statements. Suchfactors include, among others, risks related to actual results of current exploration activities; changes inproject parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire ordispose of property interests; future prices of mineral resources; accidents, labour disputes and other risksof the mining industry; ability to obtain financing; and delays in obtaining government approvals orfinancing. TSXV-SFF 1
    • Corporate ProfileAs of June 3, 2011Shares Outstanding: 163.9 million. Market Capitalization: CAD $ 40.9 million.Warrants: 16.5 million ($ 0.22) Current Cash: CAD $ 19 million. 30.0 million ($ 0.75) Cash Fully Diluted: CAD $ 48.1 million.Options: 7.52 million ($ 0.20) 6.40 million ($ 0.235) 52-week High: CAD $0.77, Dec 3, 2010.Recent Share Price: CAD $ 0.25. 52-week Low: CAD $0.16. TSXV-SFF 2
    • Corporate ProfileStock Options OutstandingAs of June 8, 2011 Exercise Price ($) Expiry Date Number of Options Exercisable Options 0.25 28-Sep-12 280,000 140,000 0.29 10-Dec-12 700,000 700,000 0.25 11-Feb-13 760,000 760,000 0.29 05-Mar-13 1,250,000 1,250,000 0.10 13-Aug-14 1,450,000 1,450,000 0.175 15-Dec-14 775,000 775,000 0.175 22-Jun-15 2,300,000 2,050,000 0.235 06-May-16 6,400,000 6,400,000 13,915,000 13,525,000Warrants OutstandingAs of June 8, 2011 Exercise Price ($) Expiry Date Warrants Amount ($) 0.16 22-Oct-11 2,865,000 458,400 0.16 16-Nov-11 510,000 81,600 0.16 11-Dec-11 1,620,000 259,200 0.16 15-Dec-11 64,000 10,240 0.175 09-Jun-12 319,102 55,843 0.25 09-Jun-12 10,732,316 2,683,079 0.50 21-Dec-12 1,725,000 862,500 0.75 21-Dec-12 30,000,000 22,500,000 47,835,418 26,910,862 TSXV-SFF 3
    • Key Investment ConsiderationsGrowing 1.58 Mozs Gold Resource (43-101 compliant), 20,000 Meter Drilling Program in PlaceRecently updated resource of 1.58 Mozs on its Miraflores Project, a gold breccia pipe hosting 70% ofresource in the M&I category. Seafield will conduct further expansion and infill drilling on its 100%owned Miraflores, Dosquebradas and Santa Sofia properties seeking to produce new resourcesestimates by year-end.Large Land Position in World Class Mining District in Colombia, Advancing AcquisitionProgramSeafield holds a dominant land position in the prolific Middle Cauca Belt gold district spanning 6,757hectares. The Seafield Project hosts multiple targets including Miraflores, Dosquebradas and SantaSofia. Neighbors include world-class gold porphyries, i.e. Medoro s Marmato 9.7 Mozs project (6miles North-East) and Anglo Gold Ashanti s La Colosa 12.9 Mozs (40 miles South-East).Strengthened Management Team with Proven Track Record of Creating ValueIncoming management team members comprised of highly experienced geologists and miningentrepreneurs with a proven track record in Latin America. They were responsible for the discoveryand development of major gold, silver and copper deposits that are key assets of Bear Creek andNorsemont, companies with market caps of CAD $571 m and CAD $463 m respectively.Fully Funded Business Plan with cash in hand of CAD $19 m. Seafield has a strong financialposition and the support of long term investors.Seafield Benefits from Privileged Infrastructure and Location. Seafield benefits from its superior location in an active mining district adjacent to the Pan American Highway, three international airports and new access to the Pacific coast via a railway line currently being constructed. Power and abundant water from regional power grid and Cauca river are available along with skillful workforce from the historic mining town of Quinchia. TSXV-SFF 4
    • Board of Directors and ManagementCesar Lopez, CEO, ChairmanMining Attorney, M.Sc. Mineral Economics. Founder and director of several public and private junior miningcompanies: Centenario Copper Corp., AQM Copper Inc., and Southern Legacy Minerals; Partner and Founder ofLopez & Ashton, a Santiago-based law firm, which represents a number of major and junior mining companies inChile; Expert in South American exploration management and development with extensive network in the industry.Cesar has an established network in Colombia.Tom Henricksen, VP ExplorationPhD, Economic Geologist, Mr. Henricksen has over 35 years of experience in mining exploration and has spent thelast 15 years in Latin America. He has made several major discoveries or recommendations for both Major MiningCompanies and Juniors: i.e. Corani and Ollachea for Rio Tinto, Challacollo for Silver Standard, Constancia forNorsemont and Zafranal for AQM Copper, Vaquillas for Iron Creek Mining, amongst many others.Douglas Wu, DirectorCo-founder and CEO of G2 Natural Resources, LLC. He is a private equity investor with over twenty five years ofexperience in hedge fund and private equity investing in the natural resource sector and a variety of other industries.He has helped build businesses on a venture capital basis and assisted in financing them through multiple roundswith leading institutional investors.Juan Villarzu, Director NomineeMA Economist. Former President and CEO of Codelco. Doubled the value of the company between 2000-2006. Copper Man of the Year, 2005 , as voted by the Copper Club Inc., New York. Minister Secretary General of thePresidency of Chile.Stephanie Ashton, Corporate DevelopmentMBA International Legal and Tax Strategy. M.Sc. Mineral Economics, Founder and Partner of Lopez & Ashton, aSantiago based law firm; Founder, Director and CFO of various public and private companies, as well as, involvementin various aspects of corporate development.Antonio Pichardo, Director NomineeMBA, 10 years of banking experience at WestLB Metals and Mining across Europe, New York and South America.Responsible for Andean Region. Advised and executed financing for junior mining companies in the Americas.Arranged, underwrote and executed US$ 4 billion of debt financing. TSXV-SFF 5
    • Quinchia Project LocationThe Quinchia Project is located in the Mid-Cauca Belt,near the historic mining town of Quinchia, 100 KmSouth-West of Medellin, Colombia.The Mid Cauca Belt is the most prolific gold belt inColombia, hosting over 30 Mozs of gold across anumber of properties, including: Bucaramanga MedellínLa Colosa (Anglo Gold) 12.90 MozsMarmato (Medoro) 9.70 Mozs BogotáGramalote (Anglo-B2Gold) 2.39 MozsTitiribi (Sunward) 3.70 MozsQuinchia (Seafield, Batero) 1.58 MozsInfrastructure is excellent with Pan American highwayaccess, three international airports, electricity and newaccess to the Pacific coast on a railway line beingreconstructed. TSXV-SFF 6
    • Quinchia Project PropertiesLargest landholder in the Quinchia gold district.Land position optioned and acquired from AngloGold Ashanti and private owners. Seafieldearns 100% with no back-in rights or NSR s tovendors of the properties.Currently 25 concessions covering an area of6,757 hectares.At least 9 different mineralized porphyryintrusives and porphyry breccias, including:• Miraflores Breccia Pipe.• Dosquebradas Gold Porphyry.• Santa Sofia Porphyry.Vast area in mid-North part of the concessionpackage unexplored, including 3 to 4 highlymagnetic anomalies.Strategic new land acquisitions well advanced. Seafield Batero TSXV-SFF 7
    • Miraflores Breccia Pipe: Resource Estimate Hydrothermal breccia pipe structure found by Anglo Gold Ashanti, roughly circular in shape, measuring some 280 meters by 250 meters by 600 meters. Newly released 43-101 compliant resource estimate by Scott E. Wilson consulting as follows: Tonnes (thousands) Grade (g/t Au) Contained Gold (ozs) Measured 24,097 0.9 697,247 Indicated 20,620 0.8 530,346 M&I 44,717 0.9 1,227,593 Inferred 12,252 0.9 354,512 Total Resource 56,969 0.9 1,582,105 * Cut-off grade of 0.3 g/t. New resource is based on 7,757 meters of drilling, including 4,132 meters by Seafield carried out during 2010-2011 and 3,624 meters performed by Anglo Gold Ashanti/B2 Gold during 2006-2007. Awaiting results from metallurgical testing. TSXV-SFF 8
    • Miraflores Breccia Pipe: Drilling to Date TSXV-SFF 9
    • Miraflores Breccia Pipe: Drilling to Date Different cross section ofMiraflores Breccia Pipe drilling. It shows best hole inQuinchia Project: QM DH 03with 449 meters at 1.29 g/t. TSXV-SFF 10
    • Miraflores Breccia Pipe: 2010 – 2011 Drill Results • Cut-off grade 0.1 g/t Au. Intervals above 0.3 g/t reported. *Note: Hole QM-DH-12 includes a sample of 116.34 g/t AU • No more than 6.0 m internal waste included in over 2.00 m with visible gold. This has been cut to 20 g/t to intersections. calculate intervals. • Grades reported uncut and, if appropriate, cut to 20 g/t Au. TSXV-SFF 11
    • Ore body continues to be open atdepth and laterally as its Westernwall dips 65 to 70 degrees to theWest. New drilling program consisting of6,200 meters in 10 holes tocommence at the end of June. Goal is to better define shape ofore body, to increase resourceconfidence and to extendmineralization. Second drill campaigninformation will serve as basis tocommission and initiate a scopingstudy in 2011. TSXV-SFF 12
    • Dosquebradas Gold Porphyry Dosquebradas Gold Porphyry is located 3 KmNorth of Miraflores Breccia Pipe, and is partially onSeafield s property. It was discovered by Anglo Gold Ashanti in 2006who drilled 1,763 meters in two holes showingsome of the better drill results in the district: Anglo Gold Ashanti calculated an in-house non-compliant historical resource estimate of 1.75 Mozsof gold at 0.5 g/t cut-off with a grade of 0.84 g/t ofwhich 800,000 ozs would be attributable toSeafield. Seafield s trenching over DDH 3 returned 1.74g/t of gold over 94 meters. Seafield recently concluded a Phase I drillingcampaign of 3,972 meters in 10 holes with resultsreleased for 3 of them. QDQ-02 yielded 200 metersof 0.98 g/t of gold and 0.09 % of copper. TSXV-SFF 13
    • Dosquebradas: Significant Intersections, 2011 Drill Results Cut-off grade 0.1 g/t Au. Intervals above 0.3 g/t reported. Grades reported uncut. (There are no high grades that require cutting.) TSXV-SFF 14
    • Dosquebradas: Phase II Drill Program A Phase II drill program will be commenced in Drilling will focus on exploring the Northernthe month of June consisting of 4 holes for a total boundary of the mineralized early diorite zone.of 2,000 meters. First resource estimate on Dosquebradas to be released in 4Q 2011. TSXV-SFF 15
    • Santa Sofia: Soil Sampling Targets TSXV-SFF 16
    • Santa Sofia Gold Porphyry Target New gold target located 1 Km to the North Mineralization found in some sections ofEast of Dosquebradas porphyry. the drill holes. Initial assay results to be released shortly. Gold anomaly with a dimension of 1,050meters by 850 meters across, showing soilvalues of 2.3 g/t of gold. Associated with a copper anomaly, definedby values above 250 ppm and up to 820 ppmCu, and a weaker molybdenum anomaly withvalues of up to 23 ppm, confirming porphyry-type characteristics of the target zone. Drill program of 5,000 meters began in lateMarch on Santa Sofia, with 4 holes completed. TSXV-SFF 17
    • Santa Sofia: Drill Program Santa Sofia anomaly seems to consist of a On going drill program goal is to definestructure of paralell veins with quartz and mineralization direction, its deepening and tosulfphides trending NW-SE. follow the structure to the North-West where it seems to be open. It is located at the North end of a strongmagnetic anomaly at Dosquebradas TSXV-SFF 18
    • Action Plan - Milestones Action Timeline Budget Update Miraflores Breccia Pipe 43-101 resource 2Q2011 Complete estimate 20,000 meter drilling program on Miraflores, 2Q2011- Resources Dosqueabradas and Santa Sofia. Acquisition of US$ 8 m 1Q2012 Expansion / new properties Acquisition of Metallurgical testing. Properties 1Q 2012 US$ 1 m Environmental Baseline Studies Miraflores Scoping Study 1Q 2012 US$ 1 m Dosquebradas resource estimate Development of social and community plansSocial Programs On going effort US$ 1 m/Infrastructure Infrastructure development Expand local management and geology teams Corporate Increase drill rigs on site On going effort US$ 3 m Complete progress payments on properties Total US$ 14 m TSXV-SFF 19
    • Investment Summary1.58 Mozs, 43-101 compliant resource to grow further on Miraflores and Dosquebradasexpansion drilling.Colombia is a major focus for gold exploration due to its potential for multi-million ouncedeposits that is relatively unexplored.Seafield has consolidated a strong foothold as a major incumbent in the highly prolificQuinchia gold district that has world-class potential (e.g. Marmato s 9.7M oz gold deposit).Focused and efficient exploration efforts to expedite drilling program, including 20,000 metersexpanding on untested targets which could delineate larger resources.Acquisition of strategic properties within Miraflores project area of influence.Solid cash position of CAD $19 million ensures financial flexibility.Increased marketing efforts through institutional road-shows and analyst site visits.Management and board have extensive experience and network in Latin America with aproven track record of creating value through exploration and development of projects. TSXV-SFF 20
    • Market Comparison Based on a Market Cap/Oz basis, Seafield is undervalued relative to its peers. Seafield has an EV/Oz value of CAD 14, a significant discount to other juniors. Potential for share price appreciation as market appropriately values Seafield s measured,indicated and inferred resource base of 1.58 Moz. TSXV-SFF 21