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Mercer Gold Overview Q1 2011


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Mercer Gold Corporation explains its corporate operations and shows details of its current drilling program in Colombia, South America

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Mercer Gold Overview Q1 2011

  1. 1. Corporate Overview JANUARY 2011
  2. 2. Important Disclaimer This presentation contains forward looking statements; including in particular, statements about Mercer Gold Corporations plans, strategies and prospects. These have been based on the Companys current assumptions, expectations and projections about future events Although the Company believes that the expectations reflected in these forward looking statements are reasonable, the Company can give no assurance that these expectations will prove to be correct or that the results anticipated in the forward looking statements will be achieved. These forward looking statements include risks and uncertainties, which relate to, amongst other things, market conditions, industry uncertainty and other such factors which may cause the Company’s actual results to be materially different.2 CORPORATE PRESENTATION | JANUARY 2011
  3. 3. Mission Why Invest in Mercer Gold? • Our property is immediately adjacent to and on strike from a 9.7 million ounce discovery that is open to expansion • We have a 43-101 technical report substantiating that we have the same geology that hosts this neighboring resource • We have a world-class board of directors; two of whom were involved in the definition of the neighboring resource • A 5,000-meter drill program commenced on October 20, 2010. Subject to the results of that program, a 25,000-meter program is anticipated to commence in 20113 CORPORATE PRESENTATION | JANUARY 2011
  4. 4. Gold Trends In The Americas4 CORPORATE PRESENTATION | JANUARY 2011
  5. 5. Colombian Mining Interests5 CORPORATE PRESENTATION | JANUARY 2011
  6. 6. Select Colombian Mining Finance Activity in 2010 • December 23, 2010: – Ventana rejects the $1.2-billion hostile takeover bid from Brazilian billionaire Eike Batista, refusing to sell its Colombian assets • October 25, 2010: – Ventana closes $65 million private placement • October 14, 2010: – Batero announces closing of CDN$15,750,000 private placement financing • December 15, 2010: – Sunward announces up to $51.3 million financing anchored by strategic investor • September 16, 2010: – Continental Gold announces closing of $68,400,000 private placement financing • February 18, 2010: – B2Gold completes $32 Million common share offering • August 23, 2010: – Gran Colombia completes $275,000,0000 private placement, Frontino acquisition and reverse takeover of Tapestry Resource Corp. • December 31, 2010: – Seafield closes $15-million private placement • June 29, 2010: – Waymar announces closing of private placement to raise $4,000,000 • March 23, 2010: – Colombian Mines completes $3,895,000 private placement • December 15, 2010: – Alder arranges $3-million private placement • May 18, 2010: – Alder Closes $3,875,000 Private Placement & enters into agreement on La Montanita Colombian gold property acquisition 6 CORPORATE PRESENTATION | JANUARY 2011
  7. 7. Market Capital Comparables as at January 04, 20117 * This data was compiled with publicly available information and may be inaccurate and or outtdated. CORPORATE PRESENTATION | JANUARY 2011
  8. 8. Mercer Gold Corp. (OTCQB:MRGP; Frankfurt AN4) SnapshotMercer Gold Corp. is drilling to define NI 43-101: June 17, 2010 (“QP” Dean Turner, CPG)resources at its Guayabales Gold Project “The similarities of Guayabales and Marmato include a number of key elements, including the same: a) host Share Structure [as at 12.29.2010] rocks, b) structural trends, c) styles of mineralization, and Issued & Outstanding: 68,937,500 d) types of alteration.” Restricted: 25,600,000 “The geological similarities and close proximity (i.e., within 1-2 Free trading: 43,037,500 kilometers) of Guayabales and the Marmato mining complex provides a Options outstanding: 6,050,000 @ $0.50 compelling exploration opportunity for MGC. MGC’s priority target Generates: $3,025,000 is a bulk-tonnage, gold-silver deposit that will be amenable to open pit mining. However, there remains significant exploration potential Warrants: 2,200,000 @ $1.00 for higher grade gold-silver mineralization that could be exploited with Generates: $2,200,000 selective underground mining techniques. Emphasis is placed on the Fully Diluted: 77,187,500 fact that the precious metals mineralization at Marmato is exposed over a vertical extent of more than 1,000 meters, yet exploration at Guayabales has been limited to the upper 100 to 200 meters of theRecent Drilling Results system. As a result, the exploration target at Guayabales not only includes the broad (i.e., in excess of 1 kilometer) lateral projectionMercer Gold Drill Hole MGDH-02 Encounters 4 meters of 2.0 of the Marmato-Echandia trends onto the property, but as well, agrams per tonne gold and 33.56 grams per tonne silver potentially significant projection to depth.”January 4, 2011: Mercer Gold receives confirmation of positiveresults of both gold and silver values from Hole MGDH-02 Mercer Gold Begins Toronto Stock ExchangeDrill Hole MGDH-01 Encounters 11.4 meters 2.36 grams per Venture Listing Applicationtonne Gold and 37.96 grams per tonne silver at Guayabales November 18, 2010: Mercer Gold submits its 43101 technicalDecember 1, 2010: Mercer Gold receives confirmation of positive report for review to the TSX Venture Exchange ("TSX-V") toresults from Hole MGH-01 approve the listing of the Companys common shares on theBonanza Silver Vein Assays: 1 meter @ 57.3 ounce per tonne TSX-V as a Tier 2 issuerAugust 3, 2010: Mercer announces additional surface samplingresults from its recently completed mapping and sampling 8 CORPORATE PRESENTATION | JANUARY 2011
  9. 9. Resource World Magazine – August 20109 CORPORATE PRESENTATION | JANUARY 2011
  10. 10. Overview10 CORPORATE PRESENTATION | JANUARY 2011
  11. 11. Guayabales Gold Project Keith Laskowski’s Geology Notes: • Guayabales is located 2 km NW along strike from the Marmato and adjacent Echendia Districts which are famous for historic gold production over the last 400 years (Colombia’s largest gold district – 16 M oz) • The same mineralized structures at Marmato and Echendia extend onto the Guayabales Property • Middle Cauca Gold Belt: 16 Million ounces of production and resource • One of three major gold districts in Colombia • Marmato (1x1.5 km) and Echandia (1x1 km) contains hundreds of independent mines, which has resulted in enormous environmental impact • Located along the eastern margin of the Western Cordillera- Colombia, separated from Paleozoic contental sediments of the Exposed alteration driving to Encanto Central Cordillera by the Cauca-Romeral fault zone (Cauca River Valley)11 CORPORATE PRESENTATION | JANUARY 2011
  12. 12. Guayabales Gold Project Keith Laskowski’s Geology Notes: • Basement composed of Creataceous Oceanic Seafloor Sediments, Ophiolite and metamorphic rocks • Intruded by Upper Cretaceous Granodiorite and Quartz Monzonite • Overlain by Miocene continental sediments • Mineralization occurs within and adjacent to the Marmato Porphyry stock, a multi-phase intrusive complex measuring 18 km long by 3-6 km wide, elongated N-S • Contains calc-alkaline Andesitic porphyry (7.1 my) and Dacite Porphyry (6.3 my) • Alteration dated at 6.7 my (main) and 5.6 my • Mineralization occurs as two styles andExposed alteration (2) driving to Encanto multiple stages: • Early porphyry-style Cu-Au • Younger Epithermal – Intermediate Sulphidation Au-Ag (Zn-As)12 CORPORATE PRESENTATION | JANUARY 2011
  13. 13. Guayabales Gold Project Keith Laskowski’s Geology Notes: • Mineralization hosted within and controlled by shear zones and faults/veins: • Marmato Structures: N45-60W, sub vertical dip • Echendia Structures: N60-80 W, sub- vertical dip • Guayabales: N45-80W Structures • Lesser N-S and E-W Structures • Historic and Current Production focuses on High Grade Structures • Three zones identified from recent work on Guayabales: • Main Zone: Encanto located within major shear zone between Marmato stock and adjacent Paleozoic Sediments • Encanto Zone has at least 10 recent or currently active underground mines • Encanto Contains Mineralization: 500 mExposed alteration (3) driving to Encanto along strike, 20-40 m wide • Encanto Received 21 Drill Holes (CMC, 2008) which defined continuous mineralized zone13 CORPORATE PRESENTATION | JANUARY 2011
  14. 14. Guayabales Gold Project Keith Laskowski’s Geology Notes: • Historic and Current Production: Focused on High Grade Structure • Excellent Potential for Bulk Mineable Mineralization in Adjacent Areas • New Discoveries at Portada and Mill Zones • Occur northeast from Encanto and are Hosted in altered Porphyry • Portado and Mill Zones: New Discoveries: No Drilling or Production Exposed alteration driving to Encanto • Combined Width of Target Zone for Bulk Mineable is +1km x 500m14 CORPORATE PRESENTATION | JANUARY 2011
  15. 15. Guayabales Gold Project Keith Laskowski’s Geology Notes: • Mineralization formed as and is characterized as: • Deep epithermal, intermediate sulphidation • Associated with a porphyry Cu-Au system at depth • Similar to Zona Alta and Zona Bajo at Marmato • Epithermal Gold-Silver system is superimposed on Porphyry System which is also present as Au-Cu-Mo mineralization • Gold and Silver occurs with Quartz-Sulfide Zones as: • Native Gold with High Silver Content • Auriferous Pyrite • Argentite, Argentiferous Galena, and Electrum • Gold Zones Associated with elevated Exposed alteration driving to Encanto Zinc and Arsenic geochem • Secondary Geochem assemblage Cu- Pb-Sb-Cd-Bi • Alteration contains multiple phases of silica- clay/white mica and sulfides15 CORPORATE PRESENTATION | JANUARY 2011
  16. 16. Guayabales Gold Project Keith Laskowski’s Geology Notes: • Historic work has focused on main high- grade structures and mineralization within the Encanto Zone • Underground Sampling Produces sporadic High Grade (+50 g/t) • On average samples run 1-2 meters @ 1-2 g/t • Historic and current workings focused on sulfide mineralization • The Main Encanto Zone, and two new areas of mineralization all contain large areas of stockwork and disseminated- style mineralization covering an area of 1 km x 1.5 km. These zones have not been carefully examined • The Guayabales Property contains a large area which has potential for Exposed alteration driving to Encanto Bulk Mineable, Oxide, Gold Mineralization similar to La Colossa and Angostura.16 CORPORATE PRESENTATION | JANUARY 2011
  17. 17. ManagementEd Flood Ed Flood has over 35 years of experience in international miningDirector and was previously the Deputy Chairman of Ivanhoe Mines Ltd. and its founding President. • Prior to joining Ivanhoe, Mr. Flood was a principal at Robertson Stephens & Co., an investment bank in San Francisco where he was a member of the investment team for the Contrarian Fund, a public mutual fund focused on natural resource development projects around the world. • He is the CEO and Chairman of Western Uranium Corp., Western Lithium Corp. and was Managing Director, Investment Banking, Haywood Securities (UK) Ltd. from March 2007 to March 2010.17 CORPORATE PRESENTATION | JANUARY 2011
  18. 18. Management Dr. Shaw was employed as the ChiefDr. David Shaw Executive Officer of Colombia Gold plc, a private U.K. company that wasDirector engaged in precious metal exploration in Colombia, which was sold to Medoro Resources in 2010. • Dr. Shaw spent seven years with Chevron Resources in Calgary, employed initially as an in-house structural consultant on both metal and hydrocarbon exploration programs and then as a member of a hydrocarbon project financial evaluation team • He initiated and developed the Resource Research Group at Charlton Securities Ltd. In Calgary before assuming the position of Senior Mining Analyst, Corporate Finance at Yorkton Securities Inc. in Vancouver • Dr. Shaw was also the Chairman of Solares Lithium, a junior company which recently merged with Talison Minerals to create the worlds largest lithium production company with an accelerated brine exploration program • From 2005 to the present, Dr. Shaw has served on the board of directors at First Majestic Silver Corp. and actively serves as President of Albion Petroleum Ltd. and Director of Talison Minerals18 CORPORATE PRESENTATION | JANUARY 2011
  19. 19. ManagementRahim Jivraj Rahim Jivraj brings experience in entrepreneurship, internationalPresident & Director business development, corporate advisory and finance; • Formerly President and currently Director of Mainland Resources, Inc., a gas and oil exploration and development company • Formerly: founding President & Director of Spring & Mercer Capital Corporation (TSXV: SPN.P); Director of Afrasia Mineral Fields (TSXV:AFS); Director of Hastings Resources Corp (TSXV:HAS); • Has acted as an advisor to various public and private companies.19 CORPORATE PRESENTATION | JANUARY 2011
  20. 20. Management James Stonehouse James Stonehouse holds a Masters degree in Geology from VP of Exploration Dartmouth College and is an experienced mining and resource manager with a long history of field experience in South America. • He has played a prominent role in the management of numerous mining companies over the years in positions such as Executive Vice President, VP of Operations, VP of Exploration, General Manager, Mine Manager and lead independent consultant. • He has been directly responsible for management and strategic development of over 20 mines, many with significant ore bodies and highly sophisticated applied mining techniques.20 CORPORATE PRESENTATION | JANUARY 2011
  21. 21. ManagementWilliam D. Thomas William D. (Bill) Thomas has a lengthy career in finance andCFO & Director accounting for the natural resource sector spanning more than 30 years. • Currently CFO and Director of Mainland Resources, Inc., a gas and oil exploration and development company • Held successive senior management positions with Kerr McGee Corporation China involved in all aspects of managing accounting, budgeting, HR, administration, IT, insurance, taxation and support21 CORPORATE PRESENTATION | JANUARY 2011
  22. 22. ManagementLorne M. Gertner Lorne M. Gertner is a very successful entrepreneur; and theDirector current Chairman and CEO of Hill & Gertner Capital Corporation, an investment merchant bank and limited market dealer • Currently, Mr. Gertner is the Chairman and CEO of Hill & Gertner Capital Corporation, an investment merchant bank and limited market dealer, which has been involved in over $1 billion of transactions; most notably Eaton’s, Dylex and Hip Interactive • He is a graduate of the University of Toronto with a degree in Architecture and has served as a board member in various public companies and several private entities22 CORPORATE PRESENTATION | JANUARY 2011
  23. 23. ManagementRoberto E. Partarrieu Roberto E. Partarrieu has worked with junior mining companiesDirector throughout South America for more than 20 years • Mr. Partarrieu has worked with junior mining companies and negotiated mining exploration and acquisition contracts in Chile and other Latin American countries for more than 20 years. • As Business Development Manager for Yorkton Securities and later as General Manager and Director of junior mining companies, he identified and negotiated mining contracts, set up and managed operations in Chile and traveled throughout South America assessing business opportunities23 CORPORATE PRESENTATION | JANUARY 2011
  24. 24. Overview24 CORPORATE PRESENTATION | JANUARY 2011
  25. 25. Overview25 CORPORATE PRESENTATION | JANUARY 2011
  26. 26. Overview26 CORPORATE PRESENTATION | JANUARY 2011
  27. 27. Overview27 CORPORATE PRESENTATION | JANUARY 2011
  28. 28. Overview28 CORPORATE PRESENTATION | JANUARY 2011
  29. 29. Drill Program CORPORATE PRESENTATION | JANUARY 2011
  30. 30. Supplement: Current Drilling Drill Interval Drill Hole From To Length Gold Silver Meters Meters Meters g/T g/T MGDH-01 20.8 42.5 21.7 1.702 28.43 Including 28.8 42.5 13.7 2.361 37.96 MGDH-01A 30.0 44.0 14.0 2.120 15.54 Including 24.0 44.0 20.0 1.713 12.50 Also 22.0 44.0 22.0 1.585 12.63 MGDH-02 70.0 74.0 4.0 2.000 33.50 Including 108.0 112.0 4.0 0.741 7.00 MGDH-03 201.0 226.0 25.0 0.658 88.93 Including 201.0 215.2 14.2 0.969 149.47 Including 201.0 208.0 7.0 1.152 292.43 MGDH-03 498.0 506.0 8.0 1.959 2.0030 CORPORATE PRESENTATION | JANUARY 2011
  31. 31. Supplement: Current Drilling31 CORPORATE PRESENTATION | JANUARY 2011
  32. 32. Supplement: Historical Drilling Drill Interval From To Length Gold Silver Copper Lead Zinc Moly Gold Drill Hole Equiv. Meters Meters Meters g/T g/T ppm ppm ppm ppm g/TGDH-1 15.55 45.20 29.7 0.75 8.09 320 276 317 13.5 1.02Including 15.55 20.30 4.8 3.32 16.86 149 897 1,077 2.1 3.73GDH-1 188.75 195.80 7.1 1.54 22.29 271 5,163 5,595 6.3 2.48Including 194.60 195.80 1.2 5.12 43.75 421 11,771 11,970 10.2 7.06GDH-4 87.85 93.50 5.7 2.55 27.61 434 4,654 6,682 3.6 3.64Including 90.75 93.50 2.8 4.92 50.45 791 9,512 13,689 8.1 7.03GDH-7 50.25 72.10 21.9 2.43 16.49 184 3,208 4,364 1.2 3.10Including 50.25 53.40 3.2 11.00 42.99 395 12,265 15,473 0.5 13.09 Gold equivalent values were calculated using metal prices of $600/oz for gold, $9.75 for silver, $2.25/lb for copper, $0.45/lb for lead. $0.45/lb for zinc and $24.75/lb for molybdenum. No attempt has been made to factor recoverable values at this early stage. The “Gold Equivalent” values stated are for comparative purposes only and are not intended to imply recoverable economic values 32 CORPORATE PRESENTATION | JANUARY 2011
  33. 33. Supplement: Historical Drilling Drill Interval From To Length Gold Silver Copper Lead Zinc Moly Gold Drill Hole Equiv. * Meters Meters Meters g/T g/T ppm ppm ppm ppm g/TGDH08 87 117.85 30.85 1.16 17.04 229 2922 3665 4 1.59Including 95.5 99.25 3.75 4.81 32.71 412 3914 5222 1 5.63GDH09 * No significant interceptsGDH10 * 76 88.50 12.50 0.77 10.12 288 1111 2140 7 1.02Including 76 78.05 2.05 3.45 33.60 500 5306 10000 2 4.29GH11 No significant interceptsGDH12 No significant interceptsGDH13 91.8 103.60 11.8 3.11 15.26 360 1019 1486 10 3.49Including 97.9 101.00 3.1 10.82 18.70 491 1776 2395 9 11.29GDH14 78.9 122.95 43.87 1.24 18.52 526 287 404 15 1.70Including 96.45 97.50 1.05 18.45 16.60 309 713 678 14 18.86Also 108.95 110.55 1.6 3.09 11.00 123 234 309 2 3.36Also 117.95 122.95 5 2.44 67.56 648 10915 1063 9 4.13GDH15 55.6 72.00 18.4 0.29 14.18 398 94 172 10 0.64And 110.1 139.45 27.8 1.35 13.18 158 427 518 6 1.68GDH16 * No significant interceptsGDH17 No significant intercepts33 * Drilled using man-portable core rig to test near-surface mineralization CORPORATE PRESENTATION | JANUARY 2011
  34. 34. Medoro Resources Ltd. (MRS.TO)Medoro is actively drilling to Recent Drilling Resultsexpand and upgrade gold • Updated Mineral Resource Estimate Confirms Goldresources at Marmato Mountain Resources of 6.6 Million Ounces Measured and Indicated and 3.2 Million Ounces Inferred at MarmatoExecutive Management Team • Medoro Intersects 120.50 Metres of 1.043 g/t Au and 57.90Mr. Robert James Metcalfe Metres of 2.221 g/t Au at Its Marmato Project in Colombia• Non-Executive Independent Chairman of the Board & Director• Counsel to Metcalfe, Blainey & Burns LLP since January 2001; senior partner withthe law firm Lang Michener LLP for 20 years and President & Chief Executive Marmato 0.3 gram per tonne cut-offOfficer of Armadale Properties for 7 years Mineral Resource• Currently serves as director on a number of boards including Alange EnergyCorp., Air IQ Inc., NXA Inc., ION Inc. of England and Envirotower Inc.Mr. Serafino Iacono• Interim President , CEO & Director• Over 20 years experience in capital markets and public companies; raising morethan two billion dollars for numerous natural resource projects internationally• Co-founded Medoro and is currently the Executive Co-Chairman and director ofboth Gran Colombia Gold Corp. and Pacific Rubiales Energy Ltd.• Also co-founder of Bolivar Gold Corp. and involved in numerous resource andbusiness ventures in Colombia The above estimate is based on over 127,500 metres of diamond drilling and cross-Mr. Carlos Pinglo cut samples. In addition to 379 historical drill holes, the updated estimate reflects results from 105 drill holes of a definition drilling program planned for 2010/11. A• Current CFO and former Vice President of Medoro Resources further 60 drill holes have been completed since the cut-off date for this estimate and• Over 20 years experience in corporate finance, strategic planning, financial another 237 drill holes are planned for 2011, the majority of which will bereporting and mergers and acquisitions in both Latin America and Canada. underground drill holes aimed at upgrading inferred mineral resources to the• Previously served as Finance Manager at Maple Leaf Foods Inc. and was measured and indicated categories.Corporate Controller at Silver Eagle Mines Inc. and Excellon Resources Inc.34 CORPORATE PRESENTATION | JANUARY 2011
  35. 35. Mercer Gold Corporation Symbol:President, Rahim Jivraj MRGP–OTCQB T: +1.877.981.3130 | E: