Seafield Resources Ltd (TSX-V: SFF) - November 2011

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Seafield Resources Ltd (TSX-V: SFF) - November 2011

  1. 1. Seafield Resources Ltd.GOLD EXPLORATION IN COLOMBIA NOVEMBER 2011 1
  2. 2. Forward Looking StatementsForward-looking statements are subject to a number of risks and uncertainties that maycause the actual results of Seafield to differ materially from those discussed in theforward-looking statements, and even if such actual results are realized or substantiallyrealized, there can be no assurance that they will have the expected consequences to, oreffects on Seafield.Seafield expressly disclaims any obligation to update or revise any such forward-lookingstatements. Forward looking statements include, but are not limited to, statements withrespect to the timing and amount of estimated future exploration, success of explorationactivities, expenditures, permitting, and requirements for additional capital and access todata.Forward-looking statements involve known and unknown risks. Such factors include,among others, risks related to actual results of current exploration activities; changes inproject parameters as plans continue to be refined; the ability to enter into joint venturesor to acquire or dispose of property interests; future prices of mineral resources;accidents, labour disputes and other risks of the mining industry; ability to obtainfinancing; and delays in obtaining government approvals or financing. 2
  3. 3. Management Team • Mining Attorney, • Economic Stephanie Ashton, CFO • MBA International Giovanny Ortiz, GM Colombia Tom Henricksen, VP ExplorationCesar A. Lopez, President & CEO Geologist with35+ • Geologist with M.Sc. Mineral Legal and Tax more than 17 yrs Economics. years experience Strategy in exploration; experience in Founder and • M.Sc. Mineral Colombia partner of Lopez & • Mr. Henricksen Econ. spent the last 15 • Exploration Ashton, a Santiago • Partner in, a law years in Latin manager for law firm. firm specialized in America and has Angostura Project • Founder and mining and through Feasibility former CEO of made several natural resource level AQM Copper major discoveries law • Led team of over (TSX), and White or recommendations • Experience in 25 mining Mountain internal auditing, for both Major professionals. Titanium Corp. supervision of Mining Companies • Oversaw 12 drill • Founder of accounting and Juniors: i.e. rigs turning, Centenario Copper functions, Corani and 350,000 meters Corporation, a corporate Ollachea for Rio drilled and 3,000 former TSX main structuring, Tinto, Challacollo meters of board listed administrative for Silver Standard, underground company which staff and investor Constancia for development. This merged with relations. Norsemont and work resulted in a Quadra Mining Zafranal for AQM resource in excess (TSX QUA-FNX). Copper of 15 Mozs of gold. 3
  4. 4. COLOMBIAN GOLD PROJECT LOCATIONPorphyryMid-CaucaBelt Hosts GRAMALOTE 2,39 Moz/Au AUX ANGLO/B2GOLD VENTANA 4 Moz/Au>30 M Oz SUNWARD ECOORO GREYSTAR 11,55 Moz/Au Bucaramanga 3,7 Moz/Au Gold MARMATO Medellín 9,53 Moz/Au MEDORO ★• Superior Infrastructure Bogotá QUINCHIA• Historic Artisanal Mining District SEAFIELD RESOURCES LA COLOSA 12,9 Moz/Au ANGLOGOLDASHANTI• Greatly under-explored• World Class Deposits– La Colosa: 16.3 M Oz Au (SE 100 Km)– Marmato: 9.8 M Oz Au (NE 20 Km) 4
  5. 5. SEAFIELD HIGHLIGHTS 1.58M oz Gold @ Miraflores Breccia • Total 57.3 Mt @ 0.9 g/t Au (0.3g/t cutoff) • 1.23 M oz Measured + Indicated Proven leadership in Latin America • Extensive experience sourcing projects and leading their exploration and development $15 Million Cash in Treasury • Fully funded program of drilling, resource updates, metallurgy and scoping study by SRK 5
  6. 6. Capital Structure  Warrants Listing: TSX Venture Exchange: SFF-V  CAN$0.16 (16Nov11) 510,000  CAN$0.16 (11Dec11) 1,684,000 Shares Outstanding: 168.5 M  CAN$0.175 (09Jun12) 319,000  CAN$0.25 (09Jun12) 11,051,418 Current Cash: CAD 15M  CAN$0.50 (11Dec12) 1,725,000  CAN$0.75 (11Dec12) 30,000,000 Market Capitalization: CAD 35.4M  Options: 13.285 M Recent Share Price: CAD 0.21  Fully Diluted Shares: 227M 6
  7. 7. Seafield SeafieldLand Area 6,757 HasOwnership 100% US$2.3M owed in payments Resource Update: Miraflores - Dec11Future Resource Update: Dosquebradas - Jan12Milestones SRK Scoping Study: Miraflores - Mar12Historic DH 5,387m in 12 holesDrilling to Date 20,070 mDrilling Targets 5Market Cap $35M43-101 Resource Miraflores: 1.58M Oz @ 0.9 g/t SeafieldEV/Resource $12.65 Batero 7
  8. 8. Market Comparison Gold Exploration Juniors Company Symbol Share Price Shares O/S M. Cap (M) Resource (M) (M oz)Seafield SFF-V $0.21 168.5 $35.4 1.58Batero Gold BAT-V $2.21 49 $110.7 N.A.CB Gold CBJ-V $1.69 131 $228.3 N.AGalway GWY-V $1.54 122 $180.1 N.ABellhaven BHV-V 0.56 95 $52.3 1.00Gran Colombia GCM-V 0.69 214 $147.8 12.40 As of November 4, 2011 8
  9. 9. New Corp Management Team since June 2011  Corporate Strategic Objectives:  Narrow Undervaluation Gap and Obtaining Comparable Valuation to Seafield’s peers.  Expedite drilling and exploration programs aiming at increasing resources: report updated compliant resource for Miraflores and Dosquebradas.  Acquire/complete acquisitions of properties in prolific Quinchia district.  Establish Colombia Seafield office / hire key personnel – Completed Sept 2011.  Increase awareness of the company in US, Canada and Colombia capital markets. (Seafield on Haywood Securities watch-list.)  Raise Seafield profile in the marketplace by bringing in new highly credible management and investors (New Board members include Antonio Pichardo, Exec. Director of Metals and Mining for Andean region – WestLB Bank, and Juan Villarzu, Economist, former President of CODELCO, the world’s largest copper company.) Seafield’s new team in Colombia – Oct. 21, 2011 9
  10. 10. Opportunity For Value Creation • 25,000 Meter Drill Program Growing • Scoping Study for 1Q2012 • Updated Resource Dec11-Jan12 Resource • Advanced Stage Strategic Acquisitions Share Appreciation • Ounces Discounted Compared toUndervalued PeersCompared to • Superior Cash Position Peers 10
  11. 11. Technical PresentationMiraflores Breccia Pipe (800-1600masl) 11
  12. 12. Miraflores Breccia Pipe: Geology - DrillingDirilng 2011Drilling 2007 (B2Gold), 2010 (SFF) 250mCOLLARSDACITIC BRECCIALATE BRECCIAGREY BRECCIA 280mGREEN BRECCIAWHITE BRECCIABASALT 100 metres Depth: 600m 12
  13. 13. Miraflores Breccia Pipe: 2010 – 2011 Drill Results From To Interval Au From To Interval Au Au cut Hole No. Hole No. (m) (m) (m) (g/t) (m) (m) (m) (g/t) to 20 g/tQM-DH-01 70.70 82.90 12.20 0.66 QM-DH-07 40.50 66.70 26.20 0.41 139.80 218.00 78.20 0.48 QM-DH-08 161.00 163.65 2.65 1.08 264.50 270.50 6.00 0.59 QM-DH-09 3.70 258.80 255.00 0.49 390.90 402.90 12.00 0.38 inc 3.70 49.00 45.30 0.56 425.50 437.00 11.50 0.45 and 93.10 131.00 37.90 0.87QM-DH-02 19.15 329.70 310.55 0.37 inc 101.00 118.70 17.70 1.23 inc 59.20 93.20 34.00 0.80 and 149.00 207.00 58.00 0.72QM-DH-03 53.10 502.15 449.00 1.29 QM-DH-10 1.60 245.30 243.70 0.47 inc 231.85 241.85 10.00 2.87 inc 1.60 144.40 142.80 0.63 and 282.55 306.50 23.95 9.18 and 160.60 184.70 24.10 0.73QM-DH-04 27.55 111.70 84.15 0.46 QM-DH-11 0.00 369.70 369.70 1.09 inc 66.00 105.70 39.70 0.76 inc 4.20 71.70 67.50 0.51 123.30 201.30 78.00 0.57 and 87.55 107.65 20.10 2.20 inc 127.30 168.30 41.00 0.94 and 251.90 344.95 93.05 2.75QM-DH-05 63.50 73.05 11.55 0.53 QM-DH-12 0.80 243.20 242.40 0.54QM-DH-06 52.50 71.80 19.30 0.30 inc 0.80 72.60 71.80 1.18 inc 2.80 55.10 52.30 1.53 • Cut-off grade 0.1 g/t Au. Intervals above 0.3 *Note: Hole QM-DH-12 includes a sample of g/t reported. 116.34 g/t AU over 2.00 m with visible gold. This • No more than 6.0 m internal waste included has been cut to 20 g/t to calculate intervals. in intersections. • Grades reported uncut and, if appropriate, cut to 20 g/t Au. 13
  14. 14. Miraflores Breccia Pipe: 2010 – 2011 Drill Results Hole No. From (m) To (m) Interval(m) Au (g/t) QM-DH-13 11.2 20.15 8.95 0.34 and 48.0 60.0 12.0 0.30 and 64.0 101.6 37.6 0.43 and 105.3 122.7 17.4 1.71 inc 121.2 122.7 1.5 14.05 and 137.9 154.2 16.3 1.43 and 158.2 164.4 6.2 0.62 and 180.3 200.75 20.45 0.85 and 218.75 273.8 55.05 0.83 and 279.8 322.5 42.7 0.64 and 327.35 337.35 10.0 0.32 and 345.35 371.2 25.85 0.25 QM-DH-15 19.7 39.6 19.9 0.34 and 50.2 312.1 261.9 0.80 inc 91.6 99.6 8.0 1.35 inc 183 226.1 43.1 1.45 inc 232.1 273.8 41.7 1.35 Inc 277 303.9 26.9 0.73 and 323.55 350 26.45 0.34 and 374 379.1 5.1 0.86 and 394.55 422 27.45 0.35 14
  15. 15. Miraflores Breccia Pipe: Mineral Resources Mineral Resources (May 26, 2011) • Hydrothermal breccia pipe structure, measuring some 280 meters by 250 meters by 600 meters and open at depth. • Resource is based on 7,757 meters of drilling, including 4,132 meters by Seafield carried out during 2010-2011 and 3,624 meters performed by Anglo Gold Ashanti/B2 Gold during 2006-2007. • Scoping level study being carried out by SRK Consulting, Denver, is expected for 1Q 2012. Kickoff Meeting completed August 12, 2011. • Resource estimate updating to be carried out as part of Scoping study, including additional drilling of phase II (6,435 m) 15
  16. 16. Miraflores Breccia Pipe: Metallurgy• Test work was performed on 14 composite samples of drill core from the Miraflores Deposit (10 Kg) in McClelland Laboratories Inc. in Reno, Nevada.• The test work returned gravity recoveries as high as 94.3% for gold and 62.3% for silver.• Further metallurgical and processing test work, including flotation testing of the rougher tails, is ongoing and additional deposit samples will be submitted as the project moves toward preliminary economic studies. 16
  17. 17. Dosquebradas Prospect 17
  18. 18. Dosquebradas Prospect: Geology - Drilling Depth 300m Alacranes 200m 350m Chuscal 18
  19. 19. Dosquebradas Gold Porphyry - Exploration • Dosquebradas Gold Porphyry is located 3 Km North of Miraflores Breccia Pipe. • Discovered by Anglo Gold Ashanti in 2006 who drilled 1,763 meters in two holes showing some of the better drill results in the district: DDH 2 68 m @ 0.62 g/t Au, 0.07% Cu and 36 m @ 0.90 g/t Au, 0.10 Cu DDH 3 90 m @ 0.63 g/t Au, 0.07% Cu and 39.5 m @ 1.67 g/t Au, 0.17% Cu • Anglo Gold Ashanti calculated an in-house non-compliant historical resource estimate of 1.75 Mozs of gold at 0.5 g/t cut-off with a grade of 0.84 g/t of which 800,000 ozs would be attributable to Seafield’s part of the deposit. • Phase I drill campaign completed 5,648 meters in 13 drill holes. • To date 7,680 meters in 18 drill holes have been completed at Dosquebradas. • One drill rig is operating on the target, to complete the second phase of 5,635 meters in 12 holes by February 2012. 19
  20. 20. Dosquebradas Prospect: 2011 Drill Results Interval Hole No. From (m) To (m) (m) Au (g/t) IntervalQDQ-DH-01 20.1 31.2 11.1 2.00 Hole No. From (m) To (m) (m) Au (g/t) and 52.7 69.2 16.5 1.18 QDQ-DH-15 0.0 20.9 20.9 1.11QDQ-DH-02 122.1 322.0 199.9 0.98 and 29.7 74.3 44.6 0.40QDQ-DH-04 84.5 153.1 71.6 0.40 and 118.3 138.7 20.4 0.43QDQ-DH-06 64.0 79.0 15.0 0.58 and 218.6 290.5 71.9 0.41 and 389.4 428.2 48.8 0.50 and 296.75 346.35 49.6 0.51QDQ-DH-09 478.4 490.4 12.0 0.90 and 366.0 433.6 67.6 0.51QDQ-DH-11 31.5 108.6 77.05 0.38 QDQ-DH-16 22.7 52.0 29.3 0.42QDQ-DH-13 278.0 338.4 60.4 0.63 and 100.4 162.5 62.1 0.59DQ-DD-2 * 158.0 226.0 68.0 0.62 inc 108.9 133.1 24.2 0.80 and * 232.0 268.0 36.0 0.90 and 225.2 260.1 34.9 0.40DQ-DD-3 * 140.0 230.0 90.0 0.93 inc 232.7 242.1 9.4 0.53 and * 230.0 269.5 39.5 1.67 and 260.1 379.2 119.1 0.69QDQ-DH-14 2.0 28.2 26.2 0.91 inc 280.5 300.0 19.5 1.14 and 41.7 78.6 36.9 0.36 inc 314.0 330.4 16.4 1.00 and 86.6 126.65 40.05 0.40 and 379.2 449.1 69.9 0.33 and 126.7 179.1 52.4 1.19 inc 392.3 404.2 11.9 0.46 inc 126.7 142.2 15.5 1.59 inc 428.7 437.2 8.5 0.57 and 202.1 210.1 8.0 0.73 20
  21. 21. Technical Highlights• Seafield has consolidated a strong foothold as a major incumbent in the highly prolific Quinchia gold district that has world-class potential (e.g. Marmato’s 9.8M oz gold deposit).• Acquisition of strategic properties within Quinchia gold district is in process.MIRAFLORES PROSPECT• Through drilling, continue converting Inferred Resources to M & I by mid-November this year and in 2012; expanding the current 1.58 million ounces of open-ended Miraflores resources at depth by additional deep drilling in 2012.• SRK scoping study at Miraflores, including an increased resource calculation, expected by Q1 2012.• Comprehensive metallurgical studies starting now and continuing in 2012 at the Miraflores breccia.DOSQUEBRADAS PROSPECT• Initial resource calculation expected at Dosquebradas porphyry gold project in early 2012.• Drilling continuously to the end of 2011 and in 2012; Dosquebradas drill-delineated mineralization is approximately 400 meters E-W, 300 meters N-S and at least 200 meters in thickness, but mostly open at depth and to the north. 21
  22. 22. Corporate Social Responsibility Committed Community Engagement • Cultural & Educational Programs • Infrastructure DevelopmentEnvironmental Focus• Baseline Studies Underway• Minimize Operational Impact 22
  23. 23. TSX-V: SFFFor more information visit: www.sffresources.com Seafield Resources Ltd.For Investor Relations: 20 Toronto St., Suite 788David MacMillan Toronto, Ontario, M5C 2B8dmacmillan@sffresources.com416-361-3434 23

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