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CJC Presentation 2017

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CJC Presentation 2017

  1. 1. SAKAMI Corporate Presentation January 2017
  2. 2. FORWARD LOOKING STATEMENTS This communica,on to shareholders and the public contains certain forward looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limita,ons statements regarding future produc,on, are forward looking statements that involve various risks and uncertain,es. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those an,cipated in such statements. Neither the TSX Venture Exchange nor its Regula,on Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this presenta,on. 2
  3. 3. Shares Outstanding 80,959,155 at $0.13 Stock Op,ons Outstanding 5,800,000 at $0.10 200,000 at $0.205 Warrants Outstanding 1,003,000 at $0.15 433,600 at $0,11 Fully diluted 88,395,755 SHARE STRUCTURE 3
  4. 4. Jean-Sébas*en Lavallée, President and Chief Execu*ve Officer | Mr. Lavallée, P. Geo, has been ac,ve in mining explora,on since 1994. He is the vice president of Consul-Teck Explora,on Inc., a consul,ng firm of Val-d’Or founded in 2003 that specializes in mining explora,on in northern areas. Most of the firm’s mandates involve the genera,on and execu,on of projects in remote areas. Mr. Lavallée has acted as a geologist for many companies, including Eloro Resources Ltd., Uracan Resources Ltd., Agnico-Eagle Mines Ltd., Noranda Minerals Inc., Champion Minerals Inc., Matamec Explora,ons Inc., Atlanta Gold Inc., and is currently President and CEO of Cri,cal Elements Corp. (TSX.V: CRE). Having been responsible for the planning and execu,on of many explora,on programs in recent years, Mr. Lavallée has acquired a solid experience in explora,on project development. Dwayne Melrose, Director | Mr. Melrose has over 30 years' experience in the mining industry where he has been very successful in advancing the companies from explora,on into development stage. As President/CEO of True Gold Mining Inc., True Gold progressed from an explora,on (pre-Preliminary Economic Assessment) company into a fully permiged and financed company that was in mine construc,on, in just over 3 years. Mr. Melrose was instrumental in re-focusing the project from a high Capex project into a low Capex high margin, heap leach project. He spent plus twenty years with Cameco Corpora,on/Centerra Gold Inc. in Canada, the USA, Kyrgyzstan and Kazakhstan. Mr. Melrose was responsible for the explora,on team and all programs at the Kumtor Gold Mine in the Kyrgyz Republic where he was responsible for the discovery of the high grade SB Zone, which significantly increased the reserves and resources at the mine.Mr. Melrose joined the Minco Mining Group in 2007, where the company successfully progressed from explora,on into development stage and greatly increased in shareholder value. Mr. Melrose was directly responsible for defining the Fuwan silver deposit (157 million ounces). Paul Bonneville, Director | Paul Bonneville has over 30 years of experience in the mining industry in Canada. A Mining Engineering graduate from Queen's University, he was Vice President Opera,ons for Scorpio Mining and Vice President Mines for Cadiscor Resources. He worked for Dumas Contrac,ng as Project Manager at the Lapa and Goldex sham projects and for Ross-Finlay Ltd., where he held a range of posi,ons, including Project Manager at the Bell- Allard sham project and the Silidor project, and at Pan American Silver Corp. Mr. Bonneville has also managed a number of overseas opera,ons. Hugo MoneGe, Director | Mr. Hugo Monege is a professional engineer with a specializa,on in mechanical engineering. He has extensive experience in project management in the petrochemical and chemical industries and has acted as project manager for a consul,ng engineering firm that has conducted various assignments for several companies, including Shell Canada, Bitumar, Enerkem, Air Liquide and Petro-Canada. He completed a Masters degree in Business Administra,on in 2014. Alan Sexton, Director | Alan Sexton, P.Geo., M.Sc., has been ac,ve in mineral explora,on since 1979. He is Vice-President of Project Management for GeoVector Management Inc., an Ogawa, Ontario based consul,ng firm that provides mineral explora,on consul,ng and project management services worldwide. His experience ranges from large scale regional explora,on to advanced drilling programs in the search for gold, copper, zinc, uranium, ,n and tungsten. He also has extensive experience dealing with perminng, land access, environmental impact studies, mineral resource es,ma,on and economic studies of mining industry related projects. Prior to joining GeoVector Mr. Sexton was the site manager at WMC’s Meliadine Gold Project from 1997 to 2001. He is a professional geologist and belongs to the professional geology associa,ons in Nunavut, Northwest Territories, Ontario and Newfoundland & Labrador. Alan has lived in Ogawa since 1993 and has worked mainly in Canada with some work in the USA, Australia, Brazil and South Africa. MANAGEMENT TEAM 4
  5. 5. •  All of the Company’s projects are located in Québec •  Québec is consistently ranked by the Fraser Ins,tute as one of the top 7 mining jurisdic,ons in the world JURISDICTION SAKAMI-APPLE 5 NEW GOLD LA LOUTRE LAC DES ÎLES
  6. 6. SAKAMIPROJECT HIGHLIGHTS 6 •  50% own with Op,on to earn 70% in excellent mining jurisdic,on of province of Québec •  Sizable land package in an under-explored major structural corridor hos,ng the Eleonore deposit. The Sakami project covers more than 20 km along the contact between the sediments and the volcanics within the contact zone between La Grande and Opinaca sub-provinces out of this corridor with altered felsic intrusive. •  Gold occurrences iden,fied over 10 km so far. Drilled target over only 500 metres long out of the 10 km to this point. Many drill results returned significant Au grade over 20 metres width •  Drill results example: 4.94 g/t Au over 21.05 m including 6.35 g/t Au over 10.55m 4.01 g/t Au over 22.6m including 7.21 g/t Au over 7m 4.16 g/t Au over 21m including 6.4 g/t Au over 12.67m 2.51 g/t Au over 48.20m including 6.93 g/t Au over 12.00m •  Project is close to infrastructure •  Management team well experimented in project development •  Plan budget of $2M for an aggressive drilling program of 15,000 meters plan for winter 2017 •  Drilling program will include over 50 drill holes SAKAMI
  7. 7. SAKAMILOCATION MAP 7 Approximately: •  133 km from Radisson •  460 km from Matagami •  687 km from Val-d’Or •  880 km from Montreal (as the crow flies)
  8. 8. SAKAMI 8 REGIONAL GEOLOGY The Sakami Property covers approximately 23 km of this structures, which is up to 500 metres wide on the property. T o d a t e m o s t o f t h e explora,on work has been focused on Zone 25. The mineralized horizon occurs as an an,form-synform pair that plunges moderately to the southwest. M a t a m e c d r i l l i n g h a s intersected it within a surface area of approximately 150 meters by 160 meters, and to a depth of 220 metres.
  9. 9. SAKAMI2013-2016 DRILLING RESULTS 9
  10. 10. SAKAMI 10 LA POINTE AREA - PLAN VIEW ZONE 25 Au High grade Medium grade Low grade Mineralized 48.50 m of 1.34 Au ppm including 6.50 m of 3.03 Au ppm 7.50 m of 2.50 Au ppm 45.50 m of 1.47 Au ppm including 7.50 m of 3.84 Au ppm 11.00 m of 1.74 Au ppm 9.60 m of 6.86 Au ppm including 6.50 m of 9.49 Au ppm 100 m N
  11. 11. SAKAMI 11 AGGRESSIVE DRILLING PROGRAM WINTER 2017 ± 50 HOLES FOR 15,000 METERS
  12. 12. SAKAMI 12 LONG SECTION OF SAKAMI ZONE 25
  13. 13. SAKAMI 13 LA POINTE AREA – VERTICAL SECTION ZONE 25 Vein 22 Vein 26? ? Vein 25 200m Looking ESE Sakami Lake
  14. 14. SAKAMI2013-2016 DRILLING RESULTS Hole # Type From (m) To (m) Length* (m) Gold g/t PT-13-64 New zone 68.85 69.90 1.05 1.27 PT-13-64 New zone 171.00 171.50 0.50 3.62 PT-13-65 Including Zone 25 112.50 126.00 138.00 138.00 25.50 12.00 3.03 4.00 PT-13-66 Zone 25 109.95 125.4 15.45 1.18 PT-13-67 Including Including Zone 25 126,90 132.25 138.00 154,85 154.85 145.00 27,95 22.60 7.00 3.78 4.01 7.21 PT-13-68 Including Including Zone 25 New zone New zone 200.50 201.65 201.65 278.25 294.00 221.00 215.00 205.00 281.10 297.00 20.50 13.35 3.35 2.85 3.00 2.77 3.23 4.71 2.82 1.70 PT-13-69 Zone 25 213.05 226.50 13.45 1.32 PT-13-70 Including Zone 25 78.75 78.75 99.00 86.00 20.25 7.25 1.27 2.22 PT-13-71 Including Including Zone 25 49.10 102 107.40 112.00 51.65 121.50 121.50 121.50 2.55 19.50 14.10 9.50 2.06 2.97 3.78 3.95 PT-13-72 Including Zone 25 112.5 112.5 130.4 119.00 17.90 6.50 2.24 3.65 PT-14-73 Including Zone 25 150.65 160.50 172.50 172.50 21.85 12.00 1.46 2.16 •  Wide Gold Bearing intersect •  Extension at depth and to the north west of zone 25 •  New zone discovered at depth 14
  15. 15. SAKAMI2013-2016 DRILLING RESULTS Hole # Type From (m) To (m) Length* (m) Gold g/t PT-14-74 Including Including Zone 25 237.65 243.70 247.70 264.00 252.50 252.50 26.35 8.80 4.80 2.30 3.80 5.18 PT-14-75 Zone 25 274.05 281.20 7.15 2.40 PT-14-76 Zone 25 180.00 198.00 183.00 199.50 3.00 1.50 1.57 1.36 PT-14-77 Zone 25 103.50 129.00 153.00 165.00 174.00 180.00 104.70 130.50 154.50 168.00 176.00 182.25 1.20 1.50 1.50 3.00 2.00 2.25 1.33 1.98 1.00 1.65 1.46 2.02 PT-14-78 Zone 25 193.50 208.50 195.00 213.00 1.50 4.50 1.37 2.15 PT-14-79 Including Including Including Including Zone 25 188.00 188.00 190.00 202.50 226.50 236.20 200.00 196.00 207.00 234.00 48.20 12.00 6.00 4.50 7.50 2.51 6.93 11.35 1.33 3.06 PT-14-80 Zone 25 157.50 179.00 187.50 201.00 203.00 163.50 181.75 190.50 202.00 204.00 6.00 2.75 3.00 1.00 1.00 1.03 2.08 2.32 1.28 3.11 PT-14-81 228,00 232,60 4,60 2,58 15
  16. 16. SAKAMI2013-2016 DRILLING RESULTS Hole # Type From (m) To (m) Length* (m) Gold g/t PT-14-82 231,45 271,70 40,25 1,43 Including 231,45 235,50 4,05 5,12 Including 231,45 240,00 8,55 3,58 Including 256,85 259,00 2,15 3,83 Including 267,50 271,70 4,20 2,38 PT-14-83 240,00 295,50 55,50 1,06 Including 240,00 252,00 12,00 3,54 PT-15-84 169,00 217,50 48,50 1,34 Including 169,00 175,50 6,50 3,03 Including 210,00 217,50 7,50 2,50 PT-15-85 148,50 194,00 45,50 1,47 Including 148,50 156,00 7,50 3,84 Including 183,00 194,00 11,00 1,74 PT-15-86 112,10 125,75 13,75 0,94 142,50 165,00 22,50 1,41 PT-15-87 219,40 229,00 9,60 6,86 Including 220,50 227,00 6,50 9,49 PT-15-88 322.5 346.5 24 0.96 Including 338.6 339.45 0.85 10.65 PT-15-89 (New Zone) 255.3 258.1 2.8 3.32 334.5 387 52.5 0.53 Including 379.5 384 4.5 2.39 Including 379.5 387 7.5 1.94 PT-15-90 354 396 42 0.63 Including 391.5 396 4.5 1.98 * Core length; the Company es,mates the true width of the mineralized zone at 75 to 95% of the core length 16
  17. 17. SAKAMI2013-2016 DRILLING RESULTS Hole # Type From (m) To (m) Length* (m) Gold g/t PT-16-91 157.5 222.00 64.50 1.62 Including 165.2 208.50 43.30 2.21 Including 176 187.50 11.50 3.46 PT-16-92 203.6 252.15 48.55 2.52 Including 206.95 228.00 21.05 4.94 Including 206.95 217.50 10.55 6.35 Including 206.95 225.00 18.05 5.38 PT-16-93 252 279.00 27.00 1.87 Including 253 258.00 5.00 3.14 Including 271 277.00 6.00 2.69 PT-16-94 NSV PT-16-95 NSV PT-16-96 124 125.00 1.00 1.73 PT-16-97 136 156.50 20.50 0.55 PT-16-98 NSV PT-16-99 66 69.00 3.00 1.33 78 81.00 3.00 1.08 91.5 93.00 1.50 1.97 124.5 127.50 3.00 1.07 169 170.50 1.50 2.86 * Core length; the Company es,mates the true width of the mineralized zone at 75 to 95% of the core length 17
  18. 18. SAKAMITHE NEW JAMES BAY GOLD BELT 18 LA GRANDE SUD Virginia Gold 350,000 oz Au LEMOYNE Virginia Gold 95,000 oz Au ÉLÉONORE , Goldcorp Proven & probable 4.0 MM oz Au SAKAMI, Canada Strategic Metals PT-13-67 4.01 Au g/t / 22.60m including 7.21 Au g/t / 7.0m PT-14-79 6.93 Au g/t / 12.0m including 11.35 Au g/t / 6.0m Investment in infrastructure for hydro power and the Plan Nord program opened accessibility for mining explora,on in the James Bay area. The JBGB belt is showing above 100 km of gold mineraliza,on poten,al. The Eleonore Gold deposit with proven & probable reserves of 4,0MMoz agracted major gold producer Goldcorp. The Sakami property as a strike of 23 km on the JBGB, this represents the equivalent of owning from the Sigma mine to the La Ronde mine on The Cadillac Gold Belt witch produced over,me above 100MM oz Au.
  19. 19. SAKAMIPROJECT 19
  20. 20. SAKAMI 20 2015 GRAB SAMPLE RESULTS
  21. 21. SAKAMI 21 GEOCHEMISTRY JR Area Île Area Péninsule Area Pointe Area INDICE 43 Ddh: EX-43: 2.03 Au(g/t)/ 6.0m Channel: 0.95 Au(g/t)/ 3.5m,4.68 Au(g/t)/ 2.5M Grab sample: 1.93 Au(g/t), 3.0 Au(g/t), 36.20 Au(g/t), 2.03 Au(g/t), 2.87 Au(g/t) INDICE JR Channel: 2.08 Au(g/t)/2.5m INDICE 9.6 27.70 Au(g/t), 4.27 Au(g/t), 5.83 Au(g/t), 28.75 Au(g/t), 7.43 Au(g/t), 9.60 Au(g/t), 3.53 Au(g/t), 4.90 Au(g/t), 6.83 Au(g/t), 18.9 Au(g/t), 10 Au(g/t), 8.6 Au(g/t), 5.40 Au(g/t), 4.00 Au(g/t), 4.50 Au(g/t), 8.80 Au(g/t), 20.90 Au(g/t), 3.40 Au(g/t) New Geochemistry target discovered in 2013 New Geochemistry target discovered in 2013 SAKAMI APPLE APPLE
  22. 22. SAKAMI 22 AGREEMENT WITH MATAMEC Op*on to earn 50% interest Share payment to Matamec Explora*on work Signature of a formal agreement 500,000 - On the 1st anniversary | August 30th 2014 500,000 $500,000 | Completed On the 2nd anniversary | August 30th 2015 500,000 $750,000 | Completed On the 3rd anniversary | August 30th 2016 500,000 $1,000,000 | Completed Total 2,000,000 $2,250,000 Op*on to earn 70% interest by: Share payment to Matamec Explora*on work Within 180 days of acquiring its 50% interest CJC has an op,on to acquire an addi,onal 20% interest 1,000,000 $2,000,000 and a bankable feasibility study Amer Strategic Metals has a 50% interest, the par,es will form a full joint venture and will enter into a formal agreement with the standard clauses. Within 180 days of acquiring its 50% interest in the property Strategic Metals will have an op,on to acquire an addi*onal 20% property interest by issuing 1,000,000 shares to Matamec and comple,ng an independent bankable feasibility study within 5 years of the date of the share issuance. During the period that the addi,onal op,on is valid, Strategic Metals must spend a minimum of $2,000,000 on explora,on by the end of each year un,l the feasibility study is completed. Strategic Metals will have acquired an interest of 50% in Sakami amer issuing a total of 2,000,000 common shares and carrying out explora,on in the amount of $2,250,000 before August 16, 2016.
  23. 23. SAKAMI 23 OPTION AGREEMENT WITH LOMIKO September 2014: •  Acquisi,on of a 40% interest in the La Loutre Property by Lomiko Metals Inc. February 2015: •  New op,on agreement between Lomiko Metals Inc. and CJC following a successful drilling campaign on the La Loutre Property. •  Strategic Metals and Lomiko have agreed on the terms of an addi,onal op,on Lomiko shall have the exclusive right and op,on to acquire an addi,onal 40% undivided interest in the La Loutre Property and an 80% undivided interest in the Lac des Iles Property in exchange for a payment of $10,000, the issuance of 3 MM common shares at $0.07 of Lomiko and the funding of $2.75 MM in explora,on expenditures over a 2 year period. L a L o u t r e P r o p e r t y op,oned by Lomiko from Strategic Metals in September 2014 to explore for high grade, crystalline flake graphite deposits that were near surface and for graphite flakes with high carbon purity. Lomiko is especially interested in 6 drill holes intercepts that met or exceeded the criteria jointly established by Strategic Metals and Lomiko. Further, these intercepts indicate the possibility of significant tonnage of high grade graphite near the surface. Share payment to Strategic Metals Explora*on work LA LOUTRE Explora*on work LAC DES ILES OTHER MINING RIGHTS of Strategic Metals Signature of agreement 3,000,000 at $0.07 By December 31 2015 $950,000 $150,000 $700,000 By December 31 2016 $550,000 $100,000 $300,000 Total 3,000,000 $1,500,000 $250,000 $1,000,000
  24. 24. SAKAMI 24 RESOURCES > 3.0 4,137,300 6.50 268,800 > 3.0 6,181,000 6.11 377,600 > 2.5 6,927,500 4.95 342,900 > 2.5 9,699,200 4.86 471,800 > 2.0 15,181,200 3.49 529,200 > 2.0 15,332,000 3.92 600,300 > 1.5 18,438,700 3.19 588,400 > 1.5 16,675,100 3.75 624,900 > 1.0 19,005,400 3.13 595,700 > 1.0 16,927,300 3.71 628,000 > 0.8 19,137,500 3.12 596,900 > 0.8 17,120,500 3.68 629,700 > 0.6 19,279,600 3.09 595,300 > 0.6 17,306,700 3.63 628,100 > 0.5 19,381,900 3.09 598,400 > 0.5 17,400,900 3.63 631,600 Graphite (metric tonne) Cut-off Cg (%) All Zones All Zones Inferred ResourceIndicated Resource Zone Tonnage (metric tonne) Zone Tonnage (metric tonne) Cut-off Cg (%) Grade Cg (%) Grade Cg (%) Graphite (metric tonne) The Independent and Qualified Persons for the Mineral Resource Es,mate, as defined by NI 43-101, are Bruno Turcoge, M.Sc., P.Geo., and Guilhem Servelle, M.Sc., P.Geo, both of InnovExplo under the supervision of Vincent Jourdain, Ph.D., Eng., Technical Director of InnovExplo Inc. The effec,ve date of the es,mate is January 15, 2016. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Pit constrained results are presented undiluted within a Whigle-op,mized pit shell, designed with a 30-m buffer around lakes. The es,mate includes 18 graphite-bearing zones grouping elevated carbon graphite grade (assays > 4% Cg), 4 graphite-bearing zones containing low carbon graphite grade (assays < 4 % Cg), 5 graphite- bearing quartzite (assays < 4% Cg), and a remaining external envelope hos,ng isolated low carbon graphite grade. Pit constrained resources were compiled at cut-off grades of 0.5, 0.6, 0.8, 1.0, 1.5, 2.0, 2.5 and 3.0 % Cg. The official Pit constrained resource is reported at a cut-off grade of 1.5 % Cg. Cut-off grades must be re-evaluated in light of prevailing market condi,ons (graphite price, exchange rate and mining cost). Density (g/cm3) data used is on a per zone basis varying from 2.70 to 2.85 g/cm3. A minimum true thickness of 4.0 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed. Based on a study of the effect of high-grade values on the mean and standard deviations, as well as on log-normal histograms and probability plots, no raw assay was capped within the mineralized zones. Compositing was done on drill hole sections falling within the mineralized zones (composite = 1.5 m). Resources were estimated using GEOVIA GEMS 6.7 software from surface drill holes, using inverse distance squared (ID2) interpolation method in a block model (block size = 5 m x 5 m x 5 m). By default, interpolated blocks were assigned to the Inferred category. The reclassification to an Indicated category is defined in areas of spatial continuity in terms of information density visually observed and supported by the maximum distance to drill hole composites less than 30 m. Calculations used metric units (metres, tonnes and %). The number of metric tonnes was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in NI 43-101. InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimate. Whittle parameters used (all amounts in Canadian dollars): Reference Mining cost=$3.75, milling cost=$9.40/t, G&A=$2.11/t, graphite price=$1,910/t, milling recovery=95%, wall slopes of 45 degrees in rock and 18 degrees in overburden.
  25. 25. SAKAMINEW GOLD PROPERTY 25 •  Gold-bearing poten,al •  2,590-hectare property is 100% owned by Canada Strategic Metals •  Located about 5 km northwest of the "167 extension property", where visible gold mines recently discovered several boulders containing gold, silver, copper and zinc mineraliza,on. •  Plans to do further compila,on work on the project and set a work program for the summer of 2017.
  26. 26. SAKAMI 26 PROPERTY LOCATION MAP

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