First Quarter 2012


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First Quarter 2012

  1. 1. PROVEN MINE FINDERS First Quarter 2012 MGG:TSX.V
  2. 2. Forward Looking StatementsSome of the statements contained in this presentation are forward-looking statements.Forward-looking statements are not historical facts and are subject to a number of risksand uncertainties beyond the Companys control, including, but not exclusively,statements regarding potential mineralization, exploration results, completion of workprogram and studies, and future plans and objectives of the Company. Resourceexploration, development and operations are highly speculative, characterized by anumber of significant risks, which even a combination of careful evaluation, experienceand knowledge may not eliminate, including, among other things, unprofitable effortsresulting not only from the failure to discover mineral resources but from finding mineraldeposits which, though present, are insufficient in quantity and quality to return a profitfrom production.Qualified Person: Mr Stephen R Maynard, M.S., C.P.G., has acted as the qualified personas defined in National Instrument 43-101 for this disclosure and supervised thepreparation of the technical information in this release. 2
  3. 3. Strong Foundation for GrowthSuccessful Management Team• Discovered 200 million ounces Silver & 8 million ounces Gold in the last decade• Involved in two takeovers - $424M West Timmins Mining merger (Lake Shore Gold) $140M Underworld Resources (Kinross Gold Corp.)Strong Institutional Ownership• 65% owned by reputable investment funds; average cost of shares is $0.60• 25% owned by managementDistrict-Scale Exploration Projects• Large land position in the 15M oz Au Guerrero Gold Belt (eg. Goldcorp, Torex Gold)• Eight exploration projects in Mexico, three drill programs planned in next six monthsHealthy Balance Sheet• $4M cash balance with no debt, and tight share structure 3
  4. 4. Successful Project Finders Board of Directors: David Jones, M.S. Discovered 8 million ounce Los Filos Gold Skarn deposit Peter Megaw, Ph.D. Discovered MAG Silver’s 200 million ounce Ag Juanicipio deposit, Cinco de Mayo and Pozo Seco Projects, and Excellon Resources’ Platosa Mine Richard Brissenden, CA. Founder/President of Mexican Silver producer Excellon Resources, director of Minera Andes Michael Williams, Executive Chairman Founder/President of Full Metal Minerals, Chairman and founder of Underworld Resources, purchased by Kinross Gold for $142 million Lawrence Talbot Mining Lawyer with over 24 years of experience. Currently a Director of Cardero Resources, International Tower Hill Mines, Wealth Minerals and Balmoral Resources Stephan Zimmermann, Ph.D. Partner in Wehrli Zimmermann Gleixner & Partners in Zurich 4
  5. 5. Accomplished Management TeamDarrell Rader, BBA, President, CEO & DirectorMining and exploration financer and operator. Served as manager of CorporateDevelopment for Energold Drilling and IMPACT Silver Corp. (2003-2010) during whichEnergold expanded from 2 drill rigs to over 80 and had 22 consecutive profitable quarters.IMPACT Silver moved from early stage exploration into one of the most profitable silverproducers in Mexico. Significant experience managing operations, arranging financingand structuring mergers and acquisitions.Stephen Maynard, M.S., Vice President ExplorationExploration geologist for over 30 years and worked with geological teams that discoveredthe 1.5-million-ounce gold Efemcukuru deposit in Turkey and Metallica Resources three-million-ounce gold Cerro de San Pedro deposit in Mexico. Significant experience withorogenic gold, volcanogenic massive sulphide and epithermal systems.Cale Moodie, CA, Chief Financial OfficerPreviously served as the CFO of both Underworld Resources prior to its acquisition byKinross Gold and Sierra Geothermal prior to its acquisition by Ram Power. Worked for anumber of years in public practice accounting at KPMG LLP’s Vancouver IndustrialMarkets Group. 5
  6. 6. Share Structure Retail 15% Management Institutions and Directors 65% 20% Symbol MGG:TSX.V Shares Issued 45,741,146 Options 3,620,000 Warrants None Fully Diluted 49,361,146 52 Week: Hi/Low C$0.95 / C$0.25 Market Cap $16M Cash $4M 6
  7. 7. Project Portfolio – 8 Projects Exploration Strategy First Step Conduct First Phase Drill Program Second Step If results indicate large Gold/Silver potential, then expand exploration program OR If not, Joint Venture or sell project 7
  8. 8. Timely Project Execution Adelita Misc. Aurena Sep 19th May 9th Acquired Jackie Gold project Drilled 29.05 m of 1.99 g/t Gold at Vuelcos del Destino Sept 29th Aurena Project Drill Acquired El Porfido project near prolific 15 M Program Expanded oz GGB district to 6500m Oct 6th Jan 26th Nov 29thMarch 8th Drilled 47 Metres of Drilling at Outlined New GoldAcquired 0.98% Cu, 46 g/t Ag, Aurena Gold Zone at AurenaAdelita 0.46 g/t Au & 16 project Projectproject Metres of 1.97% Cu, 73 g/t Ag, 0.84 g/t Au at Adelita Jan 12th April 6th Oct 13th Outlined Drill Acquired Acquired Santa Targets at Vuelcos Feb 22nd June 14th Vuelcos del Marta Cu-Au-Ag Del Destino in the Closed $5.75M Drilled 43.50 m of Destino project project Guerrero Gold Belt Oversubscribed 1.01 g/t Gold at in prolific 15 M Financing Aurena oz GGB Oct 19th district Acquired Corazonada Ag project2010 2011 2012 8
  9. 9. Flagship Project – Aurena District Scale 61,910 Hectares Gold Skarn Mineralized trend measuring 3.5km by 1km Drill Defined 2 drill defined Gold Zones Target First Zone 1.8 km long Gold zone at depth Second Zone Near surface and open in three directionsMineral Grade Prograde gold skarn deposits typically grade & Size 6-8 g/t Au and total between 2>10 M oz Au Exploration 19 holes drilled; 7000m drill program completed Plans Drill assays now pending 9
  10. 10. Aurena – Positive Gold InterceptsFirst phase drill program indicates Gold mineralization is widespreadand open in most directionsHole From (m) To (m) Interval (m) Au (g/t)AURC-11-001 160.50 181.00 20.50 1.45 including 165.00 173.50 8.50 2.75AURC-11-002 39.50 47.16 7.66 1.14 including 44.33 47.16 2.83 2.22AURC-11-005 0.00 29.05 29.05 1.99 including 8.45 27.60 19.15 2.60AURC-11-006 4.50 48.00 43.50 1.01 including 4.50 13.50 9.00 1.24 and 28.50 48.00 19.50 1.64AURC-11-007 34.50 40.50 6.00 0.84 and125.20 149.00 23.80 0.99 including 134.00 147.50 15.00 1.33 10
  11. 11. Aurena - Gold in Soils Current Exploration Drilling First Round 4250m drilling Step-Out Drilled additional 2250m Gold mineralization remains potentially open to the west, northwest, nort h, and at depth. Our ongoing step-out drilling program is aggressively focused on tracking down its extent 11
  12. 12. Drilling continues to expand 1.8km long Gold Zone 12
  13. 13. Opportunities on Guerrero Gold Belt “GGB”Over 15 Million ounces Gold discovered since 1990’s,in large part via exploration model developed byDavid Jones, Director & Senior Geologist Summary Mining Companies Operating in the Prolific Guerrero Gold Belt Company Primary Hectares Reserve (Au) Resource (Au) Market Cap Project Goldcorp Inc. 9000 5.64M oz 2.8M oz n/a Torex Gold Yes 29,000 3.90M oz $765M Newstrike Yes 29,364 $242M Capital* Cayden Yes 17,000 80,000 oz $119M Resources Esperanza Silver Yes 15,025 1.14 M oz $108M Minaurum Gold 23,900 $16M 13
  14. 14. Major Mines & Deposits in “GGB” Minaurum’s projects include: • Corazonada, • Jackie • El Porfido • Vuelcos del Destino Projects cover Intrusive complexes similar to current GGB Deposits 14
  15. 15. Capilla Silver Project Location Eastern part of the historic Copala and Panuco mining districts (Est. Production 200-300M oz Ag) High Grade Average historical grade of a kilo silver per tonne Silver over widths between 1-5 metres Epithermal Mapping and sampling delineated a strike lengthVein System over 1.2km Exploration Vein system similar to Copala and Panuco except Potential without any historical miningMineral Type In-situ zone of silver mineralization 100-200 metres below surface Exploration Initial 1500m drill program underway Plans 15
  16. 16. Capilla Gold-Silver Project Oblique view towards northeast of Copala-Panuco district. Historical production at Copala and Panuco was from lower-middle parts of vein systems. Veins at Capilla appear to represent the top of a mineralized system. (43-101 Reserves and Resources listed on map consist of residual mineralization left after historical production) 16
  17. 17. Santa Marta Copper-Gold Project 7,100 hectare land position in southeastern Oaxaca State Sampling of 1960’s era open-pit copper mine returned grades of 1.1% Cu over 25m 500 m strike length of exposed massive gossan along ridge crest, with values of 100’s-1000’s ppm copper Recent sampling in mine area yielded up to 1.96 g/t Au and 11.65% Cu Core drilling campaign planned for Q1 2012 17
  18. 18. Adelita Gold-Silver Project Copper Buried porphyry system measuring 3km by Porphyry 1km indicated by sampling and mapping. Copper/Gold Skarn associated with porphyry was drill tested Skarn in 2010Hole From (m) To (m) Interval (m) Au g/t Ag g/t Cu %CGDD-10-001 35.65 51.8 16.15 0.84 73 1.97 includes 35.65 40.98 5.33 1.12 85 2.34CGDD-10-002 35.57 83.21 47.64 0.46 46 0.98 includes 35.57 47.4 11.83 0.30 19 1.27 JV Partner Ocean Park Ventures (“OCP:TSXV) is earning a 51% interest in the project for $1.425M in work expenditures, 550,000 shares, $185,000 in cash and assuming all underlying project payments 18
  19. 19. Exploration Plans 2012 Conduct Initial Fly VTEM First Phase Surface Work/ Second Mapping/ and Mag Drill Program Interpret Results Phase Sampling Survey DrillingAurena Q2/12Capilla Q1/12Corazonada Q2/12El Porfido Q3/12Jackie Q3/12Santa Marta Q1/12Vuelcos del Q3/12DestinoAdelita OPERATED BY OCEAN PARK VENTURES Q1/12 19
  20. 20. Contact Us Darrell Rader, President & CEOSunny Pannu, Investor Relations Manager Tel: 778-330-0994 Website: Email: