Recommended
Recommended
More Related Content
What's hot
What's hot (20)
Similar to Millrock Resources - Investor's Presentation - Spring 2020
Similar to Millrock Resources - Investor's Presentation - Spring 2020 (20)
More from Millrock Resources
More from Millrock Resources (10)
Recently uploaded
Recently uploaded (20)
Millrock Resources - Investor's Presentation - Spring 2020
- 1. Spring 2020
- 2. Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statement, other than statements of historical fact, included herein including, without limitation, statement regarding anticipated completion of engineering studies, potential results of drilling and assays, timing of permitting, construction and production and other milestones, and Millrock’s future operating or financial performance are forward-looking statements. Estimates of reserves and resources area also forward-looking statements in that they involve estimates of the mineralization that would be encountered, based on interpretation of drilling results and certain assumptions, if a deposit were developed and mined. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Millrock’s expectations include financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and Native groups in the development of Millrock’s properties; the need to obtain permits and governmental approvals; risks of operations such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, fluctuations in metal prices and currency exchange rates, and other risks and uncertainties disclosed in Millrock’s Annual Information Form for the current year, filed with the Canadian securities and regulatory authorities, and in other Millrock reports and documents filed with applicable securities and regulatory authorities from time to time. Millrock’s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Millrock assumes no obligation to update forward-looking statements of management beliefs, opinions, or other factors should they change. Qualified Person All technical information contained in this presentation was prepared, reviewed or approved by Gregory A. Beischer, President & CEO of Millrock Resources Inc. Mr. Beischer is a Qualified Person as defined in NI 43-101. Legal Statements 2
- 3. Management Projects: • Commodities • Gold, copper, silver • Jurisdictions Alaska USA, Sonora Mexico • Geologic Merit Capital Structure News Flow Project Generator Business Model Pure Exploration, Early Stage Discovery Specialists Key Investment Highlights Early stage exploration has the highest risk, but also the highest potential reward 3
- 4. GREGORY BEISCHER President, CEO, Director PHIL ST. GEORGE Chief Exploration Officer KEITH GRANBERRY Chief Financial Officer Management & Directors 4 ROLAND BUTLER Director, Geologist LARRY COOPER Director, Finance Executive PETER CHILIBECK Director, Attorney
- 5. Cash Position: $700Kcash Share Price: ~$0.17 3-Month Volume: 195,000 Value of shares in other companies: $1.0M Royalties on five exploration-stage projects – paying AMR Management fees & option payments offset overhead Capital Structure Major Shareholders Management 6% Strategic Investors 15% RedPlug Capital Group 20% Sprott Global & clients 9% EMX Royalties 9% Sandstorm 4% Kinross 2% Teck 1% 5 Share Structure Shares Outstanding 108.8M Options 7.1M Warrants 59.7M Fully Diluted 175.7M Market Cap $15M
- 7. 85% Partner Funded Since 2008, partners have funded 85% of all Millrock’s exploration. Millrock Funded 15% 7 Leveraging Your Investment
- 8. Juneau Anchorage Fairbanks Nome Millrock Properties Projects: Alaska APEX 64NORTH 8 LIBERTY BELL ALASKA RANGE PROJECT CHISNA
- 9. Donlin Creek Coffee Nixon Fork White Gold Livengood Klaza Lone Star Brewery Ck Dublin Gulch Peak 12.5 Moz 1.3 Moz 45 Moz 1.54 Moz 4.5 Moz 1.24 Moz 4.09 Moz 1.2 Moz 0.2 Moz ~ 0.25 Moz 107 Moz Pebble Ft Knox +13 Moz Cleary Hill +7 Moz Goodpaster District +10 Moz Pogo 9 Goodpaster Gold District Tintina Gold Province – Alaska-Yukon
- 10. Discovery 1995, Opened 2006 Northern Star Resources Ltd recently purchased from Sumitomo Metals Mining for $260M 8th largest gold mine in US and one of the highest grade mines of scale in North America Produces 300,000 ounces Au annually >3.8 million ounces produced in 10+ years operation Average grade 13.6 g/t Au > 6 million ounces reserve/resource 10 Pogo Mine Summary Pogo is a great mine!
- 11. • Low Angle Veins (Liese 1-3, East Deep) • 5-20 m thick • Hosted in regional shear zone – compression with later extension for more dilation • Shear exploits mafic and graphitic rocks within gneiss • High Angle Veins (North Zone, X-Vein) • 1-5m thick • N-S/NE-SW oriented escape structures for pluton fluids • Free Milling Gold • Low Sulfide Quartz Vein ~ 3% pyrite, arsenopyrite, pyrrhotite, Bi-Te-S • Dolomite-sericite (dos) alteration halo • Magmatic fluid source Elevated gold/arsenic/bismuth anomaly Gold-bearing quartz veins Serpentinite, amphibolite Graphitic schist 11 Pogo Mine Mineralization Model An Intrusion-Related Vein-Hosted Gold Deposit
- 12. 12 GP TR HOG AT ST BD CS ER Northern Star property Pogo Mine 64North Project Millrock’s Claims & Prospects – 660 Sq. Kms Area of Interest
- 13. 13 GP TR HOG ST BD CS Pogo MineAT ER Goodpaster District Exploration Millrock Database – Stream Seds and Soil Samples
- 14. 14 West Pogo Focus Area GP TR HOG ST BD CS Pogo MineAT ER 64North Gold Project West Pogo Focus Area
- 15. “The best place to find a mine is in the shadow of a headframe.” Photo looking east at the Pogo Gold Mine from Millrock’s West Pogo property Shared claim boundary is 2 km from Northern Star’s new discovery. 15 64North Project, West Pogo Block Aurora Target
- 16. Millrock Claims (MRO) Northern Star Claims (NST) 16 MRO NST MRO NST West Pogo Block Pogo Mine Ore Bodies Projected to Surface ~ 10M + Ounces Au GP Pogo West Pogo Block Echo Target
- 17. ER TR HOG AT GP 2.5 m @ 2 g/t0.5 m @ 63 g/t 1.5 m @ 5 g/t CL 17 Shaw HV Millrock Claims (MRO) Northern Star Claims (NST) MRO NST MRO NST West Pogo Block Goodpaster Deposit –High Grade on Northern Star Ground GP Pogo True Width Gold Grade X meters grams / tonne Thickness 8.90 5.00 44.50 0.30 170.10 51.03 2.20 28.10 61.82 2.00 44.50 89.00 4.00 67.50 270.00 5.20 1.70 8.84 0.60 100.10 60.06 5.20 9.50 49.40 0.30 129.00 38.70 1.80 13.20 23.76 1.30 27.50 35.75 Goodpaster Deposit Highlight Drill Intersections Echo Target
- 18. ER TR HOG AT GP 2.5 m @ 2 g/t0.5 m @ 63 g/t 1.5 m @ 5 g/t 6 Moz @ 9.6 g/t CL 18 Shaw HV Millrock Claims (MRO) Northern Star Claims (NST) MRO NST MRO NST West Pogo Block Northern Star has drilled right up to claim boundary GP Pogo Echo Target
- 19. ER TR HOG AT GP CL 19 Shaw HV Millrock Claims (MRO) Northern Star Claims (NST) MRO NST MRO NST West Pogo Block Aurora Target – Current Drilling GP Pogo Echo Target CL Planned Drill Hole Loction Completed / Progressing Hole 20AU-001 20AU-002
- 20. 20 ER TR HOG AT GP CL HV MRO NST MRO NST Millrock Claims (MRO) Northern Star Claims (NST) West Pogo Geology Mapping from DGGS, USGS Gneiss Granites Gneiss Schist Schist Gneiss Gneiss
- 21. ER TR HOG AT GP CL HV Millrock Claims (MRO) Northern Star Claims (NST) MRO NST West Pogo Airborne Magnetics Key: Mag Lows (bluish) near Diorite Intrusions (red) 20AU-001 20AU-002 Planned Drill Hole Loction Completed / Progressing Hole
- 22. U D U D U U D D 22 ER TR HOG AT GP CL HV Strike trace at depth Strike 241/ Dip -35 Millrock Claims (MRO) Northern Star Claims (NST) MRO NST MRO NST Line3 Line6 West Pogo Airborne Magnetics Strong Geochemical Anomalies in Soil Occur at Surface Echo Target
- 23. U D U D U U D D 23 ER TR HOG AT GP CL Line3 Line6 HV MRO NST MRO NST Millrock Claims (MRO) Northern Star Claims (NST) West Pogo Airborne Magnetics CSAMT Detects Pogo Shear Zone 20AU-001 20AU-002
- 24. Half-Ounce Gulch-Aurora Creek Resistivity Line 3 X-Sect E View with Section B-B’ Trace Aurora Creek Conductor - Shallow-dipping conductor at correct projected depth of Goodpaster Deposit 24 100 m elev Steeply dipping conductor indicating fault structure Line 3 CSAMT Results Looking East Aurora Creek Line 6 CSAMT Results Looking East Aurora Creek pronounced shallow-dipping conductor South of Aurora Creek, Coincident mag low On strike from Goodpaster Deposit Aurora Creek Shallow-dipping Conductor Coincident mag low Located northwest of Goodpaster deposit in down dip direction Approximate maximum penetration depth of prior drilling West Pogo CSAMT Survey Results Looking East. Line 3 Above. Line 6 Below. Hole 20AU001
- 25. ER TR HOG AT GP CL 25 Shaw HV Millrock Claims (MRO) Northern Star Claims (NST) MRO NST MRO NST West Pogo Block Aurora Target – Holes 20AU001 and 20AU002 GP Pogo Echo Target CL 20AU-001 20AU-002
- 26. 26 West Pogo Block Aurora Target – Hole 20AU001
- 27. 27 West Pogo Block Aurora Target – Hole 20AU001
- 28. 28 West Pogo Block Aurora Target – Hole 20AU001
- 29. 29 West Pogo Block Aurora Target – Hole 20AU001
- 30. 64North Project Earn-in Resolution Minerals Funding to Earn Interest 30 • US$20 million expenditure to earn 60% over four years • 38 million Resolution shares • US$200K cash • Year 1 US$5.0 million expenditure • Millrock operates; 8% management fee • Resolution can take one block to 70% by free carrying all costs to BFS • Resolution could take that one block to 80% by loan carry to Commercial Production • Remainder of property will remain a 60-40 JV • US$1 million must be spent outside West Pogo in each of Year 1 and 2 • Drilling planned for Q1 2020 at Aurora target
- 31. 31 Company Catalysts Spring 2020 Drilling at Goodpaster – West Pogo – Aurora Target Continued Gold Project Generation
- 32. 32 Millrock Resources – MRO.V Anchorage: 5631 Silverado Way Building F, Suite 200 Anchorage, AK 99518 United States Office: (907) 677-7479 Fax: (907) 677-3599 Vancouver: Suite 2300 – 1177 W. Hastings St. Vancouver, BC V6E 2K3 Office: (604) 638-3164 Fax: (907) 677-3599 TF: (877) 217-8978 www.millrockresources.com info@millrockresources.com Contact Information