10 26-11 moz-fallpresentation
- 1. Rapidly Developing North American Gold Resources Fall Presentation 2011 1
- 2. Forward Looking TSX:MOZ CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “considers”, “intends”, “targets”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation’s public filings, which may be accessed at www.sedar.com . Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.
- 3. Proven Management TSX:MOZ Management Board of Directors Phillip Walford, P.Geo. | President , CEO & Director Phillip Walford, P.Geo. | See Management • 40 years in the mining industry, primarily in mining geology • Has held senior management roles at a number of companies George Faught, CA | Non-Executive Chairman throughout the Americas, including Anaconda Gold, Geomaque • 30+ years in the financial management and resources Exploration, LAC Minerals, Pamour Porcupine Mines, and Hudson industries Bay Exploration and Development • Former CFO of North American Palladium Sherry Dunsworth, P.Geo. | VP of Exploration Joe Spiteri, P.Geo. | Director • 25+ years in the mining industry • 30+ years in the mining industry • Former member of the Mineral Rights Adjudication Board of • Former senior Manager and Officer with Placer Dome, Newfoundland and Labrador Northgate Explorations, Lac Minerals and Campbell • Former Geoscience Councilor for the Association of Professional Resources Engineers and Geoscientists of Newfoundland and Labrador Page Chilcott | Director Jim Kirke, CA | CFO • Former President of the Vancouver Stock Exchange • 15+ years involvement in the mining industry • Former CFO of BacTech Mining and Golden Odyssey Mining David Poynton | Director • 30+ years of legal and business experience • Former Senior VP, General Counsel and Corporate Secretary for Iberian Minerals and Cadillac Ventures
- 4. Strong Balance Sheet TSX:MOZ Strong Balance Sheet Share Price Performance Share Price (10-11-19) $1.40 1.2 $2.00 Shares Outstanding 22,915,928 Warrants ($1.80) 176,995 1.0 $1.80 Volume (millions) Options (at $1.61) 2,036,000 0.8 $1.60 Price (CAD) Fully diluted 25,128,923 0.6 $1.40 Market Cap ~C$31 million Cash Balance ~C$6.1 million 0.4 $1.20 Investors Stillwater (15%) 0.2 $1.00 Sprott Sentry Select Analysts 0.0 $0.80 Aug-11 Sep-11 Apr-11 May-11 Jul-11 Jan-11 Feb-11 Mar-11 Jun-11 •Haywood Securities •Octagon Capital Corp. •Pope and Company Volume Price (CAD)
- 5. Company Highlights TSX:MOZ Two gold projects in mining-friendly jurisdictions — Valentine Lake Project in central Newfoundland (50/50 JV with Mountain Two robust gold Lake Resources) projects — Fully permitted Golden Chest Mine in Idaho’s prolific Coeur d’Alene Mining District (50/50 JV with New Jersey Mining Company) • Can earn 60% by putting $3.5 M in the ground Aggressive drilling programs underway Near-term ─ 25,000 m completed at Valentine Lake, focused on expanding the existing resource growth resource ─ 10,000 m program ongoing at Golden Chest potential New hanging-wall gold bearing quartz veins discovery at the Leprechaun Deposit (J. Frank Zone) Significant Five gold prospects identified along 17 km of strike at Valentine exploration ─ Leprechaun gold deposit resource contained within 750 m strike pipeline Significant exploration potential at both Valentine and Golden Chest Several near- Initial resource estimate at Golden Chest expected Q1-2012 Updated resource estimate at Valentine expected Q4 -2011 term catalysts Potential to advance Golden Chest to development as early as 2013 given underground infrastructure and permits in place
- 6. Our Projects TSX:MOZ Newfoundland Legend Golden Chest Advanced Stage 1. Valentine Lake – Leprechaun Deposit 2. Golden Chest Idaho Early Stage 1. Baie Verte 2. Finger Pond
- 7. Our Projects TSX:MOZ Newfoundland Newfoundland Valentine Lake Baie Verte • Six mineral licenses covering 19,925 hectares • Located 13 km south of Anaconda Mining’s Pine • NI 43 101 Estimate – 187,000 oz Au Measured, Cove gold mine 90,000 oz Au Indicated and 285,000 oz Au Inferred • Significant area of gold and base metals anomalies • Gold mineralization identified along at least 17 km identified within a wide area of alteration • Leprechaun gold deposit is the most explored deposit among the five known gold occurrences • 25,000 m drill program completed • Drilling has shown continuation of near-surface gold mineralization and has extended the Idaho Leprechaun deposit along strike and down-dip Golden Chest • Prolific Coeur d’Alene mining region Finger Pond • Historical producer • Located 50 km on strike and to the south-west of • Fully permitted for drilling, underground mining, Valentine Lake and tailings deposition • Historical exploration has outlined several gold and • 10,000 m drill program is ongoing base metal showings along the property’s 20 km • Significant potential for reserve growth through strike continued underground drilling • Targets ready to be drilled
- 8. Newfoundland TSX:MOZ
- 9. Valentine Lake: Flagship Project TSX:MOZ 50/50 Joint Venture between Marathon Gold and Mountain Lake; Marathon is the Operator 6 mineral licenses covering 19,925 hectares 30 km strike length; Gold mineralization identified along at least 17 km 25,000 m drill program completed $6 million budget in 2011 All Season Camp Solid Infrastructure camp expansion underway 90 km to Trans-Canada Highway Nearby hydro generation, water
- 10. Valentine Lake: Flagship Project TSX:MOZ
- 11. Valentine Lake: Leprechaun Deposit TSX:MOZ The most explored deposit among the 5 known gold occurrences Drilling has shown continuation of near-surface gold mineralization and has extended the Leprechaun deposit along strike and down-dip NI 43-101 compliant Resource Coarse and free gold have excellent metallurgical recoveries with ~50% by gravity, total >90% Total Tonnes Cut Au (g/t) Au oz Resource (MM) Above 0.50 A total of 145 drill holes of a 25,000 m 2011 drilling g/t cut off1 campaign have now been completed Measured 2.1 MM 2.768 187,000 Indicated 1.2 MM 2.363 90,000 Resources Estimate planned by end of year M+I 3.3MM 2.622 277,000 Inferred 4.4 MM 2.007 285,000 Total 582,000
- 12. Leprechaun Deposit TSX:MOZ Ideal for open Pit View SW towards Leprechaun Pond
- 13. Leprechaun Deposit: TSX:MOZ Continuity of Mineralization
- 14. Leprechaun Deposit: Ideal for Open Pit TSX:MOZ
- 15. Leprechaun Deposit: New Mineralization Step-out Drilling TSX:MOZ
- 16. Leprechaun Deposit New TSX:MOZ Discovery: J. Frank Zone Extends in excess of 850 m in length and 250 m in width, and is located up to 1.5 km southwest along strike from the current resource boundary of the Leprechaun Gold deposit
- 17. Leprechaun Deposit New Discovery: J. Frank Zone TSX:MOZ High grade grab samples consisting of quartz-tourmaline-pyrite with coarse visible gold returned assays of up to 581.88 g/t Au, 287.95 g/t Au, 152.75 g/t Au and 88.60 g/t Au The newly exposed quartz-tourmaline-pyrite-gold stacked veins occur 100 m into the hanging-wall Ongoing prospecting and stripping continues to exposes additional quartz veining along strike and into the hanging wall Channel sampling continues, with assays pending
- 18. J. Frank Zone: Coarse Visible Gold TSX:MOZ
- 19. Valentine Lake: Finger Pond Deposit 100% Owned TSX:MOZ Located 30 km on-strike and to the southwest from the Valentine Lake Gold Project Historical exploration work outlines a number of gold and base metal showings along the 20 km strike length Exploration work planned for 2012
- 20. Idaho TSX:MOZ
- 21. Golden Chest Mine: Historical Producer TSX:MOZ Past producing mine located within Idaho’s prolific Coeur d’Alene Mining District Mining historically focused on high grade (>17 g/t) veins (Katie+Dora, Idaho, etc) Recent localized mining by JV partner New Jersey Mining Company, produced 8,500 t of ore with an average grade of 6.90 g/t and an average recovery of ~94% Can earn 60% by putting $3.5 M in the ground Fully permitted surface and timber rights with an existing reserve and exploration potential Stable rich mining heritage and beside major road 10,000 m of drilling ongoing in 2011 Largest historical gold producer in Coeur d’Alene Mining District
- 22. Golden Chest Mine TSX:MOZ
- 23. Golden Chest Mine: Near Surface Open-Pit TSX:MOZ 2011 Drill Program 56 drill holes 10,000 m Underground rehabilitation underway in the historic high grade area Highlights: GC 11-34 - 5.07 g/t Au over 21.6 m @ 25.8 to 71.1 m including 10.8 g/t gold over 3.8 m @ 45.9 to 53.8 m GC 11-33 - 3.00 g/t Au over 19.9 m from 22.0 to 55.1 m including 16.1 g/t Au over 2.5 m @ 26.5 to 30.6 m GC 11-39 - 1.94 g/t Au over 29.1 m from 3.4 m to 47.6 m GC 11-38 - 1.86 g/t Au over 13.3 m from 33.0 to 54.2 m
- 24. Golden Chest Mine: Potential for Open Pit and UndergroundTSX:MOZ Exploration DDH-11-39 – 47.6 m @ 1.94 g/t Au DDH-11-37 – 29.0 m @ 1.51 g/t Au DDH-11-38 – 21.0 m @ 1.86 g/t Au DDH-11-35 – 30.5 m @ 0.86 g/t Au DDH-11-27 – 15.5 m @ 0.59 g/t Au DDH-11-30 – 21.0 m @1.30 g/t Au
- 25. Summary of Reserves and TSX:MOZ Resources Reserves & M and I Inferred Deposit Tonnes Au Grade Gold Tonnes Au Grade Gold (oz) g/t (oz) g/t Valentine Lake1 3,284,000 2.6 276,843 4,409,000 2.0 285,000 Golden Chest2 (underground) 242,058 5.1 37,885 - - - Golden Chest3 1,227,150 1.35 53,263 5,522,850 0.98 174,000 (open pit) Total Reserves & 4,753,208 3.0 367,991 9,931,850 1.5 459,000 Resources Attributable Marathon 2,376,604 3.0 183,995 4,965,925 1.5 230,000 Reserves & Resources 1. Source: Technical Report on the Mineral Resource Estimate for the Leprechaun Gold deposit Valentine Lake Gold Project Central Newfoundland, Canada, dated January 31, 2011 2. Source: New Jersey Mining Company’s Form 10-L for the fiscal year-ended December 31, 2010 3. Historic non 43-101 complaint resource
- 26. Competitive Advantages TSX:MOZ Located in mining-friendly Newfoundland, Canada and Idaho, USA Strong infrastructure; highway/road access, water, fully equipped on sight LOCATION camps Socio-economic and political stability Over 80 years of Management experience in mining exploration, development MANAGEMENT and production $6 Million in the bank We have the GOLD - our focus is no longer to find the gold but develop and DEVELOPING grow the resources that we have RESOURCES Golden Chest – initial resource estimate expected Q1 2012 Valentine Lake – updated resource estimate expected in early 2012 Organic gold deposits at Valentine and Golden Chest have significant SIGINFICANT exploration potential EXPLORATION Mineralization covering only a fraction of Valentine’s total 30 km strike has POTENTIAL been delineated
- 27. Development Milestones TSX:MOZ Exploration Activity Q1 2011 Q2 2011 Q3 2011 Q4 2011 Valentine Lake Project Leprechaun Gold & Valentine East Deposit Drilling (completed by October 2011) Geological Mapping Prospecting and Geophysics Metallurgical testing Updated Resource Estimate Preliminary Economic Assessment Base Line Environmental Program Finger Pond Project Prospection and target investigation Golden Chest Mine Drilling (10,000 m drill program) NI 43-101 New Resource & Reserve Estimate Underground Development Data Compilation of Historical Mine Data