Mayo Gold Presentation November 2009

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  • Pedro, there are too many insiders/family members on this Board. We need to keep the insiders down to two people, because after all, the Board is supposed to be somewhat independent. I would have no problem with Jim remaining as chairman and you taking the other spot, but we should replace the three remaining with independent people. I think we need to move Alvaro to the Mexican subsidiary as a director and find a Canadian lawyer to fill that spot.
  • There is an argument for holding the IPO to 5,000,000 shares
  • This slide subject to change as I refine budgets. The Vancouver office amount will certainly be reduced as we will not need more than a token presence there.
  • This slide subject to change as I refine budgets. The Vancouver office amount will certainly be reduced as we will not need more than a token presence there.
  • Pedro, anything else?
  • Mayo Gold Presentation November 2009

    1. 1. Private and Confidential November 2009
    2. 2. <ul><li>This presentation may contain forward looking statements including but not limited to, information regarding geological interpretations, resources, potential timing and content of exploration programs, production schedules and projections, receipt of permits, company financings etc. </li></ul><ul><li>Forward looking statements refer to events and conditions which have not yet taken place and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Mayo relies on litigation protection for forward looking statements. </li></ul>
    3. 3. <ul><li>Pedro Villagran Garcia, MBA, President & CEO </li></ul><ul><li>Involved in junior resource sector for 14 years. Founder of Sierra Madre Gold Corporation, former director for Farallon resources Ltd. Very strong relationships within the Mexican Federal Government. Mr. Villagran Garcia has a good track record with exploration projects and a producing mine in Mexico and has is recognized for his capital raising abilities. Mr. Villagran Garcia holds a MBA from Insituto Tecnologico de Estudios Superiores de Monterrey (ITESM), Mexico’s #1 business school. </li></ul>
    4. 4. <ul><li>David Dunn, BSC Geology, Member of the Advisory Board </li></ul><ul><li>Mr. Dunn is a senior geologist with over thirty five years of experience in the minerals exploration/mining industry, This experience has included work on many deposit types, primarily epithermal gold deposits, copper porphyry deposits, and volcanogenic massive sulphide deposits. He has provided Geological consulting and management services to a number of public and private mineral exploration companies such as Tres-Or Resources Ltd, Uganda Gold Mining Ltd, Golden Goliath Resources Ltd, Consolidated Silver Tusk Mines Ltd and ESM Resources Ltd. He has also acted as President & CEO and Director of Golden River Resources Inc. He currently is with Auramex Resource Corp as a Director and Geological Consultant. </li></ul>
    5. 5. <ul><li>Pedro Villagran Garcia </li></ul><ul><li>James Briscoe </li></ul><ul><li>Joseph Berry </li></ul><ul><li>Simon Dorey CA, ACA -chartered accountant in UK & Canada. 25 years experience with established and start-up companies in Canada, the UK and the US. Worked with mining projects in the US, Greenland, Ghana and Mexico. Expertise in business planning and development, financing, operations and public company reporting. </li></ul>
    6. 6. <ul><li>Sergio Lopez Rivera </li></ul><ul><li>Mining attorney with 43 years experience in the Mexican Mining Bureau. Assisted in the preparation of the Mexican Mining Law implemented in 1994 that opened the door for foreign investors. </li></ul><ul><li>Pedro Villagran Garcia </li></ul><ul><li>Victor Garcia Jimenez </li></ul><ul><li>Mining Attorney </li></ul><ul><li>. </li></ul>
    7. 7. 30% was spent in Mexico on legal fees, property acquisition, taxes and salaries. 70% was spent in Canada on promotion, consulting fees and corporate overhead.
    8. 10. * The price of this 50c financing could be reset depending on market conditions
    9. 11. <ul><li>In Northern Sonora 12 kilometers southwest of Santa Gertrudis and 8 kilometers east of the San Francisco Mine </li></ul><ul><li>Sediment-hosted gold deposit with near identical geology to Santa Gertrudis. </li></ul><ul><li>Multi-million ounce potential. </li></ul><ul><li>43-101 Report Complete </li></ul><ul><li>Drill ready in under six months. </li></ul>
    10. 13. Papago Location Photo Blowup of the Papago Area
    11. 14. <ul><li>Minor production from Otates area in 1930s. </li></ul><ul><li>Teck Cominco drilled four holes on San Marcial in 1991. </li></ul><ul><li>Queenstake Soil Geochemistry shows anomalous Au, Ag and Cu on a 12 square kilometer surface area. </li></ul><ul><li>43-101 Report completed by Scott Wilson RPA in June, 2007. Will need modification if we go to drilling immediately. </li></ul>
    12. 17. Alteration on the Papago Claim
    13. 18. <ul><li>Remap and resample area of Queenstake Drilling (verification) </li></ul><ul><li>Target Drill Testing (core) </li></ul><ul><li>Step-out and fill-in drilling (RC) </li></ul><ul><li>Mapping and Sampling within the primary exploration area. </li></ul>
    14. 19. <ul><li>Projects with a lower exploration priority, to be worked on as time/money /personnel are available. </li></ul><ul><li>Possible replacements should Papago fail. </li></ul><ul><li>Ag-Pb-Zn project in north-central Mexico. Surface sampling suggests 10% Pb, 450 g/t Ag potential. </li></ul><ul><li>Copper-gold play in Sonora. </li></ul><ul><li>Sediment hosted Au-Ag in central Mexico. (1.5 kg/t Ag sample from gambusino pit.) </li></ul><ul><li>Diorite porphyry copper in central Mexico. </li></ul><ul><li>La Choya-type gold prospect in northern Sonora </li></ul><ul><li>One or more could be drill-ready in 9 to 12 months if financing available. </li></ul>
    15. 20. <ul><li>Experienced Geo.s trained by Hecla, Teck, Pan American, Phelps Dodge, Silver Standard, etc. Almost 100 years of combined experience. Survived every economic downturn since 1980. </li></ul><ul><li>So far we have the commitment of 8 Mayo Gold Shareholders to invest in our first round. </li></ul><ul><li>Mayo Gold currently has 100 shareholders </li></ul><ul><li>Have a historic resource nearly drill-ready. </li></ul><ul><li>Believe the time to invest larger dollar amounts is in a boom market. </li></ul><ul><li>C$4 million market cap (net of cash after PP and misc. expenses) provides tremendous leverage to exploration success. </li></ul><ul><li>While our competitors are staying home, we are acquiring projects for the future ‘..the time to be greedy is when others are panicking’ – Warren Buffet. </li></ul>
    16. 21. <ul><li>Total historical accumulated production 120-140K tons equal to 2 Olympic swimming pools </li></ul><ul><li>At $1000/oz this is worth 4 trillion USD </li></ul><ul><li>75% held privately in jewelry the rest in government vaults </li></ul><ul><li>Current production about 2600t/yr 􀂴 Cost of production $300-400/oz, very sensitive to cost of energy </li></ul>

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