HGC Corporate Presentation July 2010


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HGC Corporate Presentation July 2010

  1. 1. Experienced Management Infrastructure Taurus Table Mountain Permitted Cassiar Gold Mine Building British Columbia’s Next Gold Producer Corporate Presentation July 2010
  2. 2. Forward-Looking Information <ul><li>Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and the estimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations, permitting and environmental risks and other risks involved in the gold exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Hawthorne Gold. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. </li></ul><ul><li>A feasibility study has not been completed for any projects discussed in this presentation and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. </li></ul><ul><li>Finley Bakker, P.Geo., the Company’s Qualified Person as defined by National Instrument (“NI”) 43-101, has reviewed and approved the technical information contained in this presentation. </li></ul>
  3. 3. Share Structure Issued and Outstanding 82,115,113 Special Warrants ($0.29) 14,338,801 Stock Options ($0.40 - $1.60) 6,787,000 Warrants ($0.40 - $0.51) 11,342,857 Fully Diluted 114,583,791 American Bonanza Gold Corp. 5,750,000 ~(8%) Institutional Ownership ~25,000,000 ~(26%) Market Capitalization (as at April 29, 2010) ~$13M
  4. 4. Investment Highlights <ul><li>Experienced Management , Operational and Technical Team </li></ul><ul><ul><li>Led by respected company builders Michael Beley and Richard Barclay </li></ul></ul><ul><ul><ul><li>Co-founded both Bema Gold and Eldorado Gold </li></ul></ul></ul><ul><ul><li>Strong board of directors and advisory team </li></ul></ul><ul><li>Dedicated to Growth through drilling, development and acquisitions </li></ul><ul><ul><li>Apply Bema/Eldorado Model (short term cashflow) </li></ul></ul><ul><ul><ul><li>Advance towards cashflow at profitable mining operation within 4 years from Company inception </li></ul></ul></ul><ul><ul><ul><ul><li>On track for production at Cassiar Gold Mine, British Columbia </li></ul></ul></ul></ul><ul><ul><li>Aggressive 10,000 metre diamond drill program at Cassiar Gold Camp 2010 </li></ul></ul><ul><ul><ul><li>Build resource portfolio and develop priority exploration targets for upside potential </li></ul></ul></ul>
  5. 5. Gold Development and Production Portfolio <ul><li>Thwo advanced stage gold projects in British Columbia, Canada </li></ul><ul><ul><li>Table Mountain Gold Deposit - high grade vein deposits </li></ul></ul><ul><ul><ul><li>Fully permitted 270 tonnes per day mine, operational mill and tailings impoundment facility </li></ul></ul></ul><ul><ul><ul><li>Estimated replacement value for mill facility: ~$25M </li></ul></ul></ul><ul><ul><li>Taurus Gold Deposit - open pit, bulk tonnage opportunity </li></ul></ul><ul><li>Merger & Acquisition focus – build out management team, resource and production portfolio to become a significant junior gold producer </li></ul><ul><ul><li>Reviewed 75 near term production gold projects </li></ul></ul><ul><ul><li>Selected 6 for management dialogue </li></ul></ul><ul><ul><li>Completed $4 million M&A working capital financing </li></ul></ul><ul><ul><li>Focused acquisition of near or in production target </li></ul></ul>
  6. 6. Experienced Management Team Michael Beley Chairman and Director 40 + years experience in senior executive roles in mining industry; f ormer co-founder, VP & Director of Eldorado Gold Corp.; former co-founder, VP & Director of Bema Gold Corp.; co-founder of Polaris Minerals; and former Director of Nevada Pacific Gold Richard Barclay President, CEO and Director 40+ years experience in senior executive roles in financial sector; former f ounding CEO, President, & Director of Eldorado Gold Corp.; former co-founder, CFO and Director of Bema Gold Corp.; and former President, CEO & Director of Nevada Pacific Gold Patricia Fong CFO (Interim) 15 years of experience in the mining, oil and gas industries and previously held the position as Controller of various companies under the Lundin Group. Prior to entering the mining industry, Ms. Fong held various management roles in manufacturing, construction, real estate and government sectors. Marlin Murphy Manager of Environmental and Governmental Affairs Over 25 years of environmental and government relations experience; previous senior management positions with EBA Engineering, Compliance Energy Corporation, Barrick Gold Corporation, Homestake Mining and Cassiar Mining Corporation
  7. 7. Experienced Director Team Bernard Kahlert Director 35+ years of international exploration experience primarily focused on gold and base metals; held various positions with mining companies in Australia, United States and Canada; graduate in Geology and P.Eng Dale A. Sketchley Director 30 + years experience encompassing all phases of exploration, QAQC, geological modelling and resource evaluation; Mr. Sketchley has been involved Ivanhoe Mines, Union Minié, Chevron, Denison, Erickson Gold, Cooke Geological, MineQuest, and Placer Dome Don Siemens Director 30+ years experience as a Chartered Accountant; Mr. Siemens specializes in Corporate Finance, cross-border transactions and Mergers & Acquisitions; Mr. Siemens serves as a director and Audit Committee Chair for three public companies: Los Andes Copper Ltd., Nikos Explorations Ltd, and Adriana Resources Inc. John Nugent Director 20 + years experience of Financial and corporate expertise; Mr. Nugent became president of Gardiner Group Stock Brokers Inc., co-founder and president of Romanex Limited, president of International Barytex Resources Ltd. Currently he serves as a director of Nikos Exploration and Los Andes Copper Ltd., and is Chairman of Hansa Resources Limited Harvey Brooks Director Over 20 years experience in executive roles; Mr. Brooks was Senior Vice-President and General Manager, US Division of National Bank of Canada, director of Northern Sun Exploration Company Inc.
  8. 8. Technical Team and Advisors David Rhys Board Advisor Principal of Panterra Geoservices Inc.; specializes in the application of structural geology techniques to the assessment of mineral deposits; has extensive experience in the evaluation of gold deposits at all phases of development Dr. John-Mark Staude Board Advisor 20+ years of international exploration experience in precious and base metals; held various positions of increasing responsibility with Kennecott, BHP Billiton, and Teck Cominco Jack McClintock Board Advisor/Consultant 30+ years experience in all facets of the mineral exploration business; held various positions of increasing responsibility with Rio Algom, Billiton and BHP Billiton, the last being Global Exploration Manager with BHP Billiton; graduate degrees in Geology and MBA
  9. 9. British Columbia – A Pro Mining Province Taurus Deposit Table Mountain Deposit (Cassiar Gold Mine) Cassiar Gold District
  10. 10. Cassiar Gold Camp <ul><li>Table Mountain and Taurus Deposits </li></ul><ul><li>Progress To Date </li></ul><ul><ul><li>Increased land position by 245% </li></ul></ul><ul><ul><li>Purchased remaining 70% of Taurus Deposit </li></ul></ul><ul><ul><li>Completed geological compilation model of 40 years of data </li></ul></ul><ul><ul><li>Completed 12,000 metre surface diamond drill program 2008/9 </li></ul></ul><ul><ul><li>Rehabilitated underground access workings at Cassiar Gold Mine </li></ul></ul><ul><ul><li>Re-established exploration and mining 75 man camp </li></ul></ul><ul><ul><li>Completed property-wide geophysics program </li></ul></ul>Table Mountain Taurus <ul><ul><li>58,901 hectare claim boundary </li></ul></ul><ul><ul><li>Historical production of ~500,000 ounces </li></ul></ul>
  11. 11. Table Mountain Mine and Mill Complex
  12. 12. Table Mountain Mill and Shops
  13. 13. 270 TPD Mill Capacity
  14. 14. Experienced Mining Management
  15. 15. Table Mountain Gold Deposit & Cassiar Gold Mine <ul><li>High-Grade Gold System </li></ul><ul><ul><li>NI 43-101 Mineral Resource Estimate </li></ul></ul><ul><ul><li>Deposits hosted in extensive quartz-carbonate-gold vein systems similar to some of Canada’s largest gold camps, including Timmins, Kirkland Lake and Val d’Or </li></ul></ul><ul><li>2009 Exploration & Development Program </li></ul><ul><ul><li>Completed 12,000 metre diamond drill program focused on : </li></ul></ul><ul><ul><ul><li>Priority zones identified at Table Mountain and Taurus that will increase resource base </li></ul></ul></ul><ul><ul><ul><li>Regional targets to identify new zones </li></ul></ul></ul><ul><ul><li>Underground pre-development at Table Mountain to prepare for production at Cassiar Gold Mine </li></ul></ul>Table Mountain <ul><ul><li>23 km of road access throughout property to access 13 adits and ~25 km underground workings </li></ul></ul>
  16. 16. Table Mountain Core Library
  17. 17. Multiple Gold Zones For Future Development
  18. 18. High Grade Gold Veins
  19. 19. Historic Mining Grades of 14 Grams Gold Quartz vein in mine face – Table Mountain
  20. 20. Table Mountain Mining Fleet
  21. 21. Table Mountain Mill
  22. 22. Constructed New 75 Tonne Capacity Bridge
  23. 23. Cassiar Gold 75 Person Camp
  24. 24. Taurus Gold Deposit <ul><li>Highlights </li></ul><ul><ul><li>NI 43-101 Mineral Resource Estimate </li></ul></ul><ul><ul><li>High-grade zones identified within resource selected high grade open pits </li></ul></ul><ul><ul><li>Open pit, bulk tonnage opportunity </li></ul></ul><ul><ul><li>Historical production of 32,700 ounces from high grade zones within deposit </li></ul></ul><ul><li>2010 Exploration & Development Program </li></ul><ul><ul><li>Plan 2010 10,000 meter surface exploration drill program to bring Taurus inferred resource to measured and indicated status </li></ul></ul><ul><ul><li>Metallurgical studies on mineralized zones for compatibility with mill flow sheet </li></ul></ul><ul><ul><li>Potential for multi million ounce open pit and underground bulk mineable gold deposit </li></ul></ul>Taurus Oro Vein
  25. 25. Taurus Gold Deposit Looking West
  26. 26. Taurus Core Library
  27. 27. Taurus Diamond Drilling
  28. 28. Taurus Open Pit 2009 Bulk sample
  29. 29. Taurus High Grade 3-5 Gram Gold Zones
  30. 30. Straight Forward Ore Control Taurus Gold Zones
  31. 31. Taurus Bulk Sample – Summer 2009 Examples of potential high grade zones within Taurus Low Grade deposit
  32. 32. Taurus 5,000 Tonne Bulk Sample
  33. 33. Taurus Bulk Sample High Grade
  34. 34. Infrastructure, Resources, People Reading for Production Mine and Mill Site 270 tpd Mill Facility Entering East Bain Zone Underground at Table Mountain Developing Ramp to East Bain Taurus High Grade Veins at Surface Taurus pre-stripping, drilling, trenching Taurus Drilling Zone #1 Reviewing Core (President and Advisors) Taurus Zone I & II
  35. 35. <ul><li>TABLE MOUNTAIN AND TAURUS GOLD DEPOSIT </li></ul><ul><li>Continue resource development through surface drilling during 2010 summer/fall; exploration program will consist of 10,000 metres of diamond drilling, trenching, mapping and soil sampling </li></ul><ul><li>Complete engineering and mine planning </li></ul><ul><li>Complete pre-production mine development leading towards production at Cassiar Gold Mine </li></ul>Exploration and Development Going Forward
  36. 36. Contact: <ul><li>For more information please visit: </li></ul><ul><ul><li>www.hawthornegold.com </li></ul></ul><ul><ul><li>or contact: </li></ul></ul><ul><ul><li>Robert Ferguson or Jaclyn Ruptash </li></ul></ul><ul><ul><li>Telephone: 604.629.1505 </li></ul></ul><ul><ul><li>Toll Free: 888.629.1505 </li></ul></ul><ul><ul><li>Email: info@hawthornegold.com </li></ul></ul>