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Cibolan Gold Corporation 2015


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Located in Nevada: Gold and Silver mining powerhouse
At A Major Mining Company’s Doorstep: The Independence Mine is located at the right address, directly adjacent to the Phoenix Mine
Large Gold Resource: NI 43-101 compliant 1 million ounce Measured, Indicated, and Inferred gold resource; additional 4 million ounce silver resource
Excellent Logistics: Accessible by all-weather roads; water and commercial power available; skilled workforce in place
Strong Technical Team: 100+ years of experience in the mining sector

Published in: Investor Relations
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Cibolan Gold Corporation 2015

  1. 1. OTC:CIB G DEVELOPING A MILLION OUNCE GOLD RESOURCE IN NEVADA 2015 Resource Expansion Plan February-March 2015
  2. 2. OTC:CIB G This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities regulations and Section 21E of the United States Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact herein including, without limitation, statements regarding potential resources and reserves, exploration results, production rates and future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, (i) estimates and projections of future gold production and cash operating costs, (ii) estimates of savings or cost reductions, (iii) estimates related to financial performance, including cash flow and capital expenditures, (iv) estimates and projections of reserves and resources, (v)estimates and opinions regarding geologic and mineralization interpretation and (vi) estimates of exploration investment and scope of exploration programs. 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, in particular the estimates do not include input cost increases or gold price variations that could occur in future. Important factors that could cause actual results to differ materially from the companies’ expectations are disclosed in documents filed from time to time with the U.S. Securities and Exchange Commission (SEC). Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and the companies do not undertake any obligation to update forward-looking statements should conditions or management’s estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including gold and other commodity price volatility, political and operational risks, which are described in the companies’ 10K Form on file with the SEC ( as well as the companies' other regulatory filings. Cautionary Note to U.S. Investors ‐ The U.S. Securities and Exchange Commission permits U. S. mining companies , in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as “measured”, “indicated”, and “inferred” “resources”, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our form 10‐K which may be secured from us or our website at James Ashton, P.E., and a Qualified Person as defined by NI 43-101, has reviewed and verified the technical information contained in this article as applicable. CURRENCY: All monetary amounts refer to United States dollars unless otherwise specified. CAUTIONARY STATEMENT February-March 2015
  3. 3. OTC:CIB G • Precious metals oriented junior exploration & production company • Technically strong management team • Flagship Property: Independence Mine Project • 1 million ounce gold & 4 million ounce silver resource (measured, indicated & inferred) • Completed NI 43-101 Technical Report and Update CORPORATE OVERVIEW February-March 2015
  4. 4. OTC:CIB G KEY PEOPLE Management Non-Executive Directors • Daniel J. Forbush, CPA President, CEO & Director • Bryson Goodwin V.P. – Corporate Development, Director • Donald J. McDowell, PLS V.P. – Project Development, Director • P. Brenton Forbush, CPA Chief Financial Officer • Walter Marting, Jr. • Shane K. Dyer • Larry Max Bigler Technical Advisers • Dr. Thom Seal, Phd., P.E.–Metallurgical • Jeffrey Rassuchine - Geology • James Ashton, P.E. – Mine Engineering, • Robin Hendrickson– Geologic Engineer • Dr. Steven Garwin, Phd., Chief Geologist • William “Bill” Matlack, M.Sc., Geology - Investment Banking February-March 2015
  5. 5. OTC:CIB G INDEPENDENCE PROJECT OVERVIEW • Located in Lander County, Nevada • Total historic drilling: 241 drill holes over 92,680 feet (included in Cibolan Gold’s geological modeling) • Cibolan Gold has drilled, logged, and modeled more than 40,000 feet from 128 RC drill holes and 3 core holes • Multiple deposits at the property  Near surface epithermal system  Deep, high-grade underground target • Numerous high grade intercepts including several multi-ounce 5 foot intercepts • Mineralization open in multiple directions February-March 2015
  6. 6. OTC:CIB G MINING IN NEVADA • Nevada is ranked among the Top 10 most favorable mining jurisdictions in the world • Nevada is responsible for nearly 80% of annual gold production in the U.S. • Nevada is the 2nd largest silver producer in the U.S. • Cibolan Gold’s Independence Project is located in the Battle Mountain-Cortez Gold Trend in Lander County February-March 2015
  8. 8. OTC:CIB G SURROUNDING MINES • Encircled by several large scale historic deposits – Fortitude, Marigold, McCoy/Cove, Phoenix, and Sunshine • The Fortitude Mine’s historic production totaled 2.2 million ounces of gold and 9.7 million ounces of silver • Fortitude is considered to be among the most lucrative mines in Nevada history * The historic Fortitude Mine lies only 4,000 feet northeast of the Independence Mine. February-March 2015
  9. 9. OTC:CIB G SURROUNDING MINES: • The Phoenix Mine, owned and operated by a major gold producer, flanks the Independence Project on three sides • Phoenix Mine annually produces over 250,000 ounces of gold and 900,000 ounces of silver • The property contains proven and probable reserves worth in excess of $20 billion • The Independence Project sits atop the same trend as the Phoenix Mine * The Phoenix Mine also produces 22 million pounds of copper each year February-March 2015
  10. 10. OTC:CIB G PROPERTY HISTORY • Independence Mine was intermittently in production from 1938 through 1987 • Historic production: 11,000 ounces of gold and 750,000 ounces of silver • Historic grades: 0.17 ounces gold per ton of and 11.53 ounces of silver per ton • Cibolan Gold Corporation acquired the Independence Project in 2005 February-March 2015
  11. 11. OTC:CIB G GEOLOGY AND MINERALIZATION  Three targets of mineralization at Independence Project  Multiple near surface epithermal systems  A deep high grade, gold rich skarn  Potential for a deeper gold- copper porphyry system * Geotechnical gold and silver survey for near- surface epithermal mineralization February-March 2015
  12. 12. OTC:CIB G NEAR SURFACE EPITHERMAL DEPOSIT • Shallow, open pit mineable target • Measured & Indicated resource: 223,300 ounces of gold; 3,784,400 ounces of silver • All 131 Cibolan Gold’ drill holes encountered mineralization • Strike length of over 3,000 feet and depth of 400 feet • Cibolan Gold is on track to complete a Preliminary Economic Assessment by the end of 2015 February-March 2015
  13. 13. OTC:CIB G DEEP SKARN DEPOSIT • High-grade, gold rich deep underground target • From a limited number of drill holes, an Inferred resource of 796,000 ounces of gold already has been established • Zone of mineralization is more than 1,400 feet wide and 3,400 feet long • Potential for multi-million ounce gold resource February-March 2015
  14. 14. OTC:CIB G GOLD COPPER PORPHYRY TREND • Underlies the Independence Project’s deep skarn target • One deep drill hole intercepted 2 oz/t gold • This zone appears to be part of the highly prolific Battle Mountain-Eureka Trend, responsible for 23 million ounces of historic gold production • The Battle Mountain-Eureka Trend could contain even greater resource potential than the parallel running Carlin Trend, which has produced over 180 million ounces of gold • Cibolan Gold is planning to conduct additional deep drilling that could substantially expand the Independence Project’s resource base
  15. 15. OTC:CIB G WHY NOW Cibolan recently undertook a fresh review of the data • Why: Identify targets where we can mine 4 to 5 million tons grading 0.05 ounces per ton to put on the preliminarily engineered leach pad • Incorporate known data from other properties in area • Focused on near surface, near term production opportunities
  16. 16. OTC:CIB G WHAT’S NEW Results of the Review • Identified range front fault system along western edge of current drilling • Several holes with multi ounce intercepts drilled west of the fault • Tenth ounce or greater intercepts in other holes were on trend • Identified other targets on the property – including High Grade NE Structural Zone • Designed drilling plan to expand current resources; potentially identify up to 2.0 million tons averaging up to 0.30 ounce per ton (20 times our current average grade) Recommendations • Re-examine geologic model in current resource area – focus on structural controls, emphasize high-grade potential • Evaluate Range Front system by drilling additional core and reverse circular holes • Evaluate other identified targets areas with further mapping, sampling and drilling • Complete PEA using revised geologic model resulting form Range Front and other target drilling
  17. 17. OTC:CIB G New Resource Development Target Zones February-March 2015
  18. 18. OTC:CIB G Geologic Map Showing the Structural Outcroppings (Red inside C-3 unit) indicating the H.G. Range Front Target Area February-March 2015
  19. 19. OTC:CIB G #1 Priority Proposed High Grade Gold Resource Expansion Delineation Core Drilling Plan X-Section in PPT PDH Resource Expansion, HG Delineation & New Discovery Target Area Hill Resource Zone High Grade Gold Delineation & Confirmation Proposed Core Drill Locations February-March 2015
  20. 20. OTC:CIB G PDH PDH GM-109 GM-108 GM-107 C-3 C-3 Slst Slst Slst C-1 C-1C-1 C-1 C-2 C-2 C-1 Slst GM-111 Cross Section: 3100 GM-111 Au-Opt Ag-Opt GM111 310 0.049 0.230 GM111 315 0.073 0.235 GM111 320 0.022 0.364 GM111 325 0.052 1.916 GM111 330 0.119 1.714 GM111 335 0.146 1.692 GM111 340 0.039 0.811 GM111 345 0.040 1.004 GM111 350 0.083 0.700 GM111 355 0.081 1.081 GM111 360 0.042 0.912 GM111 365 0.023 0.817 GM111 370 0.018 0.492 GM111 375 0.052 1.136 GM111 380 0.056 1.113 GM111 385 0.026 0.976 February-March 2015
  21. 21. C-1 C-2 C-2 OTC:CIB G Cross Section: 3200 PDH GM-24 GM-25 GM-53 C-3 C-3 Slst Slst Slst C-1 C-1 C-1 Slst GM-52 GM-69GM-68 High Grade Silver Zone with Gold 7.0 opt Ag to 30.0 opt Ag PDH GM-70 GM-70 Au-Opt Ag-Opt GM70 375 0.013 0.9 GM70 380 0.016 0.8 GM70 385 0.054 2.8 GM70 390 0.115 3.9 GM70 395 0.028 0.8 GM-52 Au-Opt Ag-Opt GM52 080 0.019 0.8 GM52 085 0.025 2.1 GM52 090 0.050 3.1 GM52 095 0.311 3.9 GM52 100 0.034 0.8 GM-70 Au-Opt Ag-Opt GM70 345 0.012 1.5 GM70 350 0.072 31.7 GM70 355 0.017 3.0 GM-68 Au-Opt Ag-Opt GM68 230 0.113 6.0 GM68 235 0.052 6.1 GM68 240 0.032 3.1 February-March 2015
  22. 22. Cross Section: 3750 PDH PDH GM-128 GM-73 C-1 C-1 C-1 C-2 OTC:CIB G C-3 C-3 C-3 Slst Slst Slst C-2 Slst C-1 C-2 GM-128 Au-Opt GM128 315 2.897 GM128 320 0.137 GM128 325 0.033 GM128 330 0.021 GM-73 Au-Opt GM73 350 0.060 GM73 355 0.029 GM73 360 0.369 GM73 365 0.109 GM73 370 0.025 GM73 375 0.012 GM73 380 0.010 GM73 385 0.069 February-March 2015
  23. 23. OTC:CIB G Cross Section: 4100 PDH PDH PDH GM-127 GM-117 C-3 C-3 C-3 Slst Slst Slst C-1 C-1 C-1 C-1 C-2 C-2 C-1 Slst GM-127 High Grade GM-127 FA30 SAMPLES Au-OPT GM127 160 1.586 GM127 165 0.407 GM127 170 0.220 GM127 175 0.123 GM127 180 0.093 GM127 185 0.043 GM127 190 0.012 GM127 195 0.012 GM127 200 0.025 February-March 2015
  24. 24. OTC:CIB G Wilson Independence Project Proposed Budget Direct Resource Development Drilling Costs Amount Core Drilling Definition Drilling: Drilling 5,000 Feet RC @ $50/Ft. (10 Holes) 250,000$ Management, Logging and Reporting 75,000 Sample Analyses (1,000 @ $40ea. Au, Geochemistry) 40,000 Site Construction & Water 30,000 Drilling & Misc. Field Supplies 20,000 QA-QC assay work 10,000 425,000 RC Drilling Definition Drilling: Drilling 5,000 Feet RC @ $35/Ft. (10 Holes) 175,000 Management, Logging and Reporting 50,000 Sample Analyses (1,000 @ $40ea. Au, Geochemistry) 40,000 Site Construction & Water 30,000 Drilling & Misc. Field Supplies 20,000 QA-QC assay work 10,000 325,000 Totals 750,000$ Activity February-March 2015
  25. 25. OTC:CIB G Cibolan Gold Proposed Budget Overhead and Expansion Amount Overhead Wages, Salaries and Payroll Related Expenses 250,000$ Office Rent & Related Operating Expenses 60,000 Insurance Expenses 40,000 Other General and Administrative Expenses 50,000 Investor Relations Expenses 25,000 Legal Expenses 50,000 475,000 Debt Reduction ($1.0 million via stock)Cash 250,000 Acquisition and Expansion Piute Joint Venture Annual Work Commitment (Acquire for 1 million units) 150,000 Mineral Property Acquisition 500,000 Independence Claim Purchase 500,000 Preliminary Economic Assessment (PEA) 75,000 Project Permitting, State and County Permits, Environmental Studies 75,000 Mining, Metallurgical & Process Engineering and Design 40,000 Drill and Case Water Well 40,000 Geologic 3D Modelling & New Resource/Reserves Models 50,000 NI 43-101 Technical Report Completion 25,000 Contingency 70,000 1,525,000 Totals 2,250,000$ Categories February-March 2015
  26. 26. OTC:CIB G The Company cautions that it has not demonstrated that it will be economically viable to build and operate a mine at the Independence Project and that it is not in a position at this time to make, nor has it made, a production decision. Accordingly, there is a significant risk that the Company will not be able to economically build or operate a mine at the Independence and that it will not therefore, make a decision to commence the building of a mine at the Independence. Even if a production decision is made, there can be no assurance that the Company would be able to build a mine at the Independence within the projected timeframe, or at all. 201420132012 INDEPENDENCE PROJECT TIMELINE TO PRODUCTION Pre Feasibility Produc on Construc on Engineering and Design Permi ng Prefeasibiliy Preliminary Economic Assessment Capital Program Cost Budget Opera ng Cost Budget Key State Permits Surface Hydrology Water Pollu on Control Reclama on Permit Air Quality Permit BLM Plan of Opera ons Engineering and Design Facility Layout Process Design Leach Pad and Pond Designs Waste Rock Dump Design Pit Design Construc on Prepare Waste Rock Dump Leach Pad and Ponds Construct Shop Admin Office Plant and Process Facility Produc on Av. 30,000 oz annually Wilson Independence Project Estimated Timeline 2015 2016 2017 February-March 2015
  27. 27. OTC:CIB G Wilson Independence Project Production Plan Layout
  28. 28. OTC:CIB G SHARE STRUCTURE (Week of February 12, 2015) OUTSTANDING SHARE PRICE MARKET CAP AVG. TRADING Issued Warrants Fully Diluted 8,061 shares/day US$ 1.5 Million 22.9 Million 2.9 Million Average Price $0.29 25.7 Million High 0.0750$ Low 0.0455$ VWAP 0.0657$ February-March 2015
  29. 29. OTC:CIB G THE Cibolan Gold ADVANTAGE • Located in Nevada: Gold and Silver mining powerhouse • At A Major Mining Company’s Doorstep: The Independence Mine is located at the right address, directly adjacent to the Phoenix Mine • Large Gold Resource: NI 43-101 compliant 1 million ounce Measured, Indicated, and Inferred gold resource; additional 4 million ounce silver resource • Excellent Logistics: Accessible by all-weather roads; water and commercial power available; skilled workforce in place • Strong Technical Team: 100+ years of experience in the mining sector February-March 2015
  30. 30. OTC:CIB G FUTURE PLANS  Complete Preliminary Economic Analysis • Validate the substantial gold and silver values at the Project • Provide detailed estimates for equipment, construction, permitting, and operational costs • Establish a detailed estimate of mine life, production, and profitability  Conduct Additional Drilling Programs • Continue drilling programs as to further delineate the near surface epithermal systems and the deep targets • Expand the Independence Project’s overall resource base  Recapitalize Cibolan Gold Corporation • Raise new capital for future exploration and development • Acquire a TSX listing for the Company February-March 2015
  31. 31. OTC:CIB G CORPORATE INFO Cibolan Gold Corporation 1155 West Fourth Street, Suite 210 Reno, NV 89503 Daniel J. Forbush, President & CEO Tel: 775-583-4636 Fax: 775-825-8862 February-March 2015